2024-11-14T13:04:43+00:00 2023-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2023-01-01 390838123 Vernon Communications Cooperative Inc VERN 6086343136 PO BOX 20 WESTBY WI 54667 GARIN MAYER CHIEF EXECUTIVE OFFICER 6086343136 2024-11-14 true Joe Lynn P01270416 5152230159 2024-11-14 2023 2024-10-15 13:58:12Z GARIN MAYER PO BOX 20 WESTBY WI 54667 19407214 false X VERNONCOM.COOP X 1951 WI CONNECTING OUR MEMBERS WITH EXCEPTIONAL COMMUNICATION SOLUTIONS WITH EASE AND INTEGRITY. 8 8 47 467693 429279 67191 202382 17474363 18477039 69564 154880 436549 465046 18047667 19299347 0 0 2379252 1879173 3755364 3469299 0 0 11849399 12610223 17984015 17958695 63652 1340652 51606401 58969488 26375496 30490087 25230905 28479401 TO OUR MEMBERS: CONSISTENT WITH OUR PROUD TRADITION, VERNON COMMUNICATIONS COOP'S MISSION IS TO PROVIDE ITS MEMBERS WITH THE LATEST TECHNOLOGY AVAILABLE, AT AN AFFORDABLE COST, (CONTINUED ON SCHEDULE O) false false TELEPHONE AND RELATED TELECOMMUNICATIONS SERVICES TO 5,009 ACCESS LINES. BROADBAND INTERNET ACCESS TO 8,582 SUBSCRIBERS. STREAMING AND IP TELEVISION SERVICES TO 3,323 SUBSCRIBERS. 0 false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 122 0 true 47 true true true false false false false 13885853 770077 false false false X 8 8 false false false false true true true true true false false true true true true true true true true true false WI X GARIN MAYER 6086343136 PO BOX 20 WESTBY WI 54667 BRADLEY GABRIELSON DIRECTOR 3.1 0.0 X X 14400 0 0 DAVID DREGNE DIRECTOR 3.3 0.0 X X 16500 0 0 TRUDY WALLIN DIRECTOR 4.5 0.0 X X 18300 0 0 DANIEL NELSON DIRECTOR 1.8 0.0 X 14700 0 0 DAREN MATTHES DIRECTOR 1.2 0.0 X 8300 0 0 MARTY STENSLIEN DIRECTOR 1.3 0.0 X 13200 0 0 MILES BOHLAND DIRECTOR 0.4 0.0 X 4400 0 0 STEVE WOODHOUSE DIRECTOR 1.6 0.0 X 13800 0 0 TERRANCE JINDRICK DIRECTOR 6.6 0.0 X 7000 0 0 GARIN MAYER CEO 40.0 0.0 X 243704 0 67292 Joshua Fanta OSP Engineer 40.0 0.0 X 100446 0 14733 MATTHEW MCGARRY DIRECTOR OF OPERATIONS 40.0 0.0 X 137925 0 34017 SCOTT HAAKENSON CONTROLLER 40.0 0.0 X 139682 0 22437 732357 0 138479 4 false true false WHITE CONSTRUCTION INC 205 COOPER STREET BEAVER DAM WI 54916 CABLE CONSTRUCTION 4934049 SORENSON TELCOM SPLICING LLC W5737 KOSS ROAD ONALASKA WI 54650 FIBER OPTIC CABLE SPLICING 129722 2 202382 202382 TELEPHONE SERVICES 517000 7476460 7476460 INTERNET REVENUE 517000 5803495 5803495 VIDEO REVENUE 517000 4813130 4813130 EQUIPMENT SALES AND SERVICES 517000 323608 323608 DIRECTORY REVENUE 541800 60346 22932 37414 0 0 0 0 18477039 157665 157665 59170 59170 0 59170 59170 105082 89518 18349 15564 -18349 -2785 -2785 TAXABLE INCOME FROM K-1S 525990 430279 430279 OTHER REVENUE 525990 -24403 -24403 0 0 0 0 405876 19299347 18498795 467693 130477 1879173 421596 2376140 97723 373422 200418 17155 110270 0 293737 1004556 3231427 BROADBAND SERVICES 4670163 PLANT SPECIFIC OPERATIONS 941189 COST OF LONG DISTANCE SERVICES 938513 CORPORATE OPERATIONS 579553 823660 17958695 4672102 5451766 726832 638613 2164857 1876996 0 0 0 0 863379 2814724 738949 644693 80006885 35879022 39639338 44127863 1971475 2467870 829469 946963 0 0 0 51606401 58969488 3229728 3131884 5397678 10871746 0 0 17035713 15749997 712377 736460 26375496 30490087 X 25360 25360 25205544 28454041 25230904 28479401 51606400 58969488 X 1340652 418030 1489815 X false true X false false 389587 389587 3829356 2795801 1033555 12888444 9821787 3066657 62899498 23261434 39638064 44127863 DEFERRED COMPENSATION 479269 ACCRUED RETIREMENT OBLIGATIONS 257191 736460 19982478 418030 159310 577340 19405138 -105791 -105791 19299347 16257291 177769 177769 16079522 1879173 1879173 17958695 Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS MANAGEMENT HAS EVALUATED THE INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 NONSERVICE BENEFIT COST - 159420 EARNING FROM MIDWEST TELNET EQUITY - -110 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TAXABLE INCOME FROM K-1S - -87442 LOSS ON SALE OF ASSET - -18349 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 NONSERVICE BENEFIT COST - 159420 LOSS ON SALE OF ASSET - 18349 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements PATRONAGE CAPITAL ALLOCATED - 1879173 X X X X false false false GARIN MAYER CEO 243704 0 0 0 0 0 33030 0 34262 0 310996 0 0 0 MATTHEW MCGARRY DIRECTOR OF OPERATIONS 131772 0 3100 0 3053 0 18396 0 15621 0 171942 0 0 0 SCOTT HAAKENSON CONTROLLER 132845 0 3100 0 3737 0 18588 0 3849 0 162119 0 0 0 Form 990, Part III, Line 1 ORGANIZATION'S MISSION, CONTINUED WHILE PROVIDING THEM WITH EXCEPTIONAL CUSTOMER SERVICE. TO PROVIDE TELECOMMUNICATIONS SOLUTIONS THAT EXCEEDS OUR MEMBER'S EXPECTATIONS. TO OUR EMPLOYEES: TO PROVIDE A SAFE AND HEALTHY, TEAM ORIENTED WORK ENVIRONMENT WHICH MOTIVATES US TO SERVE OUR MEMBERS WITH EXCEPTIONAL SERVICE, BRING PERSONAL AND CAREER GROWTH, CULTIVATE MUTUAL RESPECT AND SATISFACTION THAT BENEFIT ALL EMPLOYEES AND THEIR FAMILIES. TO OUR INDUSTRY: TO PROVIDE COOPERATION, LEADERSHIP AND SUPPORT THAT RESULTS IN THE PROLIFERATION AND SUCCESS OF THE TELECOMMUNICATIONS INDUSTRY AND THE COOPERATIVE BUSINESS MODEL. TO OUR COMMUNITIES: THAT WE HAVE A RESPONSIBILITY TO THE COMMUNITIES IN WHICH WE SERVE TO BE GOOD CORPORATE CITIZENS, AND TAKE AN ACTIVE ROLE IN THE EFFORTS TO IMPROVE OUR COMMUNITIES, THAT WE HAVE RESPONSIBILITY TO UPHOLD THE HIGHEST LEVEL OF INTEGRITY AND BE OPEN, HONEST, CONSISTENT, AND RESPECTFUL IN OUR DEALINGS WITH OTHERS. Form 990, Part VI, Line 6 Classes of members or stockholders ALL MEMBERS OF THE COOPERATIVE HAVE EQUAL OWNERSHIP. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF THE COOPERATIVE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ITEMS REQUIRING A MEMBERSHIP VOTE FOR APPROVAL, AS STATED IN THE BYLAWS, WOULD OCCUR AT THE ANNUAL MEETING OF THE COOPERATIVE. EACH MEMBER WOULD HAVE ONE VOTE. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990 WITH THE ASSISTANCE OF MANAGEMENT. FORM 990 IS REVIEWED BY THE CEO AND CONTROLLER OF THE ORGANIZATION. UPON COMPLETION OF THE REVIEW, THE FINAL FORM 990 WITH ALL THE REQUIRED SCHEDULES IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990. Form 990, Part VI, Line 12c Conflict of interest policy DIRECTORS ARE REQUIRED TO DISCLOSE AND SIGN A DOCUMENT INDICATING THAT THERE ARE NO CONFLICTS OF INTEREST BETWEEN THEMSELVES AND THE COOPERATIVE. THE PURPOSE OF THIS POLICY IS TO HELP INFORM THE BOARD ABOUT WHAT CONSTITUTES A CONFLICT OF INTEREST, ASSIST THE BOARD IN IDENTIFYING AND DISCLOSING ACTUAL AND POTENTIAL CONFLICTS, AND HELP ENSURE THE AVOIDANCE OF CONFLICTS OF INTEREST WHERE NECESSARY. IF A CONFLICT OF INTEREST DOES EXIST, THE BOARD MEMBER ABSTAINS FROM VOTING ON THE ISSUE. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION FOR THE CEO IS DETERMINED BY THE OFFICERS OF THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW WAS COMPLETED IN 2023 FOR THE CALENDAR YEAR 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW WAS COMPLETED IN 2023 FOR THE CALENDAR YEAR 2023. Form 990, Part VI, Line 19 Required documents available to the public ANY GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS THAT ARE MADE AVAILABLE TO THE PUBLIC, MUST BE APPROVED BY THE BOARD OF DIRECTORS. THEY ALSO DETERMINE WHAT FORMAT AND WHAT METHOD OF DELIVERY SHOULD BE USED. Form 990, Part XI, Line 9 Other changes in net assets or fund balances PATRONAGE CREDITS ALLOCATED - 1879173; TAXABLE INCOME FROM K-1S - 87442; EQUITY EARNINGS - MIDWEST TELNET - -110; CHANGE IN PENSION & OTHER BENEFIT PLANS - -173040; RETIRED PATRONAGE CAPITAL - -303650;