2024-05-14T16:30:24-05:00 2023-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2023-01-01 930143500 COLTON TELEPHONE COMPANY COLT 5038243211 PO BOX 68 COLTON OR 97017 GERI FRAIJO GENERAL MANAGER 5038243211 2024-05-14 1 GERI FRAIJO XXX-XX-XXXX 1 RYAN M JOHNSON CPA P01048788 5035857774 2024-05-14 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z GERI FRAIJO PO BOX 68 COLTON OR 97017 3445506 0 X WWW.COLTON.COM X 1930 OR TO BE A COMMUNITY-MINDED, QUALITY-FOCUSED, SERVICE-CENTERED, AND VALUE-DRIVEN TELECOMMUNICATIONS PROVIDER. 7 7 5 0 0 0 0 0 3203442 3387285 -379137 58221 0 0 2824305 3445506 0 0 383174 295313 353786 331260 0 0 0 2261631 2079275 2998591 2705848 -174286 739658 12174339 12679999 5607465 5246870 6566874 7433129 TO BE A COMMUNITY-MINDED, QUALITY-FOCUSED, SERVICE-CENTERED, AND VALUE-DRIVEN TELECOMMUNICATIONS PROVIDER. 0 0 PROVIDE TELECOMMUNICATIONS SERVICE TO COOPERATIVE MEMBERS. AT DECEMBER 31, 2023, 336 LINES WERE IN SERVICE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 63 0 5 1 0 0 0 0 0 0 0 684082 58221 0 0 0 X 7 7 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X GERI FRAIJO 5038243211 20983 S HWY 211 PO BOX 68 COLTON OR 97017 PETE DOSTERT VICE PRESIDENT 1.00 X X 996 0 0 DAVID WALES DIRECTOR 1.00 X 1999 0 0 KELLY STEPHENS DIRECTOR 1.00 X 1999 0 0 NINA BAURER PRESIDENT 1.00 X X 2180 0 0 GRANT STANBRO DIRECTOR 1.00 X 2180 0 0 DAVID LYONS DIRECTOR 1.00 X 3943 0 0 JEREMY FRAIJO SECRETARY 1.00 X X 1385 0 0 STEPHANIE SAUVAGEAU CFO 40.00 X 105577 0 73318 GERI FRAIJO COO 28.00 X 97010 0 40670 DAVE CONDITT CO/IT SUPERVISOR 40.00 X 117525 0 52121 334794 0 166109 2 0 1 1 MATTON UTILITY 20219 S SPRAGUE RD OREGON CITY OR 97045 CONDUIT AND FIBER INSTALLATION 244266 HILL ARCHITECTS 1750 BLAKENSHIP RDSUITE 400 WEST LINN OR 97068 ARCHITECTURE SERVICES FOR NEW OFFICE BUI 199798 MONITOR TELEPHONE 15265 WOODBURN-MONITOR ROAD NE WOODBURN OR 97071 LABOR, SHARED EXPENSES 108754 3 TELECOMMUNICATIONS 517000 3387285 3387285 3387285 49515 49515 8706 0 8706 8706 8706 3445506 3395991 0 49515 295313 331260 126722 383270 PLANT SPECIFIC 636713 CORPORATE 438772 PLANT NON-SPEC, NON-REG 399174 CUSTOMER 94624 2705848 2725655 2973525 478117 238692 42438 183590 392837 347815 15837859 7813687 7697221 8024172 811494 868508 26577 43697 12174339 12679999 153753 310952 4525205 4210449 928507 725469 5607465 5246870 X 0 0 0 0 6566874 7433129 6566874 7433129 12174339 12679999 X 739658 70711 55886 X 0 1 X 1 0 307948 307948 983441 760386 223055 14175972 7053301 7122671 370498 370498 8024172 OTHER INVESTMENTS 13653 C WILLAMETTE COMMUNICATIONS INC 118953 C EDWARD JONES INVESTMENTS 735902 C 868508 PATRONAGE CAPITAL PAYABLE 562680 WILLAMETTE COMMUNICATIONS PAYABLE 118953 LEASE LIABILITY 43836 725469 X 3492110 70711 70711 3421399 24107 24107 3445506 2386428 0 2386428 319420 319420 2705848 PART X, LINE 2: THE COMPANY FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COMPANY RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES PAYMENT OF CAPITAL CREDITS 0 0 0 STEPHANIE SAUVAGEAU CFO 105577 0 0 0 0 0 32120 0 41198 0 178895 0 0 0 DAVE CONDITT CO/IT SUPERVISOR 117525 0 0 0 0 0 34545 0 17576 0 169646 0 0 0 FORM 990, PART VII AND SCHEDULE J, PART II GERI FRAIJO, GENERAL MANAGER AND EMPLOYEE OF MONITOR TELEPHONE COOPERATIVE COMPANY, PROVIDES GENERAL MANAGER SERVICES TO COLTON TELEPHONE COMPANY THROUGH A MANAGEMENT SERVICES AGREEMENT BETWEEN THE TWO COOPERATIVES. THE AMOUNT OF COMPENSATION RELATED TO THE PERFORMANCE OF THESE SERVICES IS INCLUDED IN FORM 990, PART VII AND SCHEDULE J, PART II. MONITOR BILLS COLTON FOR THE SERVICES AND PAYS THEIR GENERAL MANAGER'S SALARY AND BENEFITS BASED ON PERFORMANCE OF BOTH POSITIONS. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER JEREMY FRAIJO IS THE SON OF GERI FRAIJO, GENERAL MANAGER BY CONTRACTUAL AGREEMENT WITH MONITOR COOPERATIVE TELEPHONE. FORM 990, PART VI, SECTION A, LINE 3 MONITOR TELEPHONE COOPERATIVE (UNDER A MANAGEMENT CONTRACT WITH COLTON TELEPHONE COMPANY) PROVIDES GENERAL MANAGEMENT SERVICES TO COLTON TELEPHONE COMPANY AS FOLLOWS: PERFORM DUTIES OF THE GENERAL MANAGER. FORM 990, PART VI, SECTION A, LINE 6 COLTON TELEPHONE IS A COOPERATIVE COMPANY WITH PATRONS THAT ARE ENTITLED TO RECEIVE PATRONAGE CREDITS FOR INCOME GENERATED BY COMPANY OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE COMPANY PATRONS ARE RESPONSIBLE FOR THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A CHANGE IN COMPANY BYLAWS, INITIATED BY THE BOARD OF DIRECTORS, MUST BE APPROVED BY THE PATRONS THROUGH A VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER TAKES RESPONSIBILITY FOR THE ACCURACY OF THE INFORMATION PRESENTED ON THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE SEVEN MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DECLARE ANY POTENTIAL CONFLICTS OF INTEREST MONTHLY AT THE REGULAR SCHEDULED MEETINGS. THE DIRECTORS, EXCLUDING THE MEMBER DECLARING THE CONFLICT, DETERMINE WHETHER A CONFLICT EXISTS AND THE EXTENT OF THE CONFLICT. RESTRICTIONS RESULTING FROM A DECLARED CONFLICT MAY RESULT IN THE AFFECTED DIRECTOR ABSTAINING FROM THE VOTING PROCESS FOR ANY DECISION/RESOLUTION MADE BY THE BOARD ON THE CONFLICTING ISSUE. FORM 990, PART VI, SECTION C, LINE 19 THE COMPANY MAINTAINS A WRITTEN REQUEST FORM THAT IS COMPLETED BY ANY COOPERATIVE MEMBER WHO WISHES TO REVIEW THE BOARD MINUTES OR FINANCIAL STATEMENTS. THESE ITEMS ARE AVAILABLE FOR REVIEW AT THE COMPANY OFFICE WITHIN A REASONABLE AMOUNT OF TIME AFTER THE FORM IS SUBMITTED. ANY REQUEST BY A NON-MEMBER OF THE COOPERATIVE IS REVIEWED BY THE GENERAL MANAGER AND/OR BOARD OF DIRECTORS. THE REQUESTED INFORMATION IS AVAILABLE FOR REVIEW IN THE COMPANY OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: RECLAIMED PATRONAGE CAPITAL 54,229. EXCISE TAX REFUNDS 1,657. WILLAMETTE COMMUNICATIONS INC PO BOX 68 COLTON OR 97017 611735896 TELECOMMUNICATIONS OR COLTON TELEPHONE COMPANY C 99810 118953 1.00000 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 WILLAMETTE COMMUNICATIONS INC J 0 FAIR MARKET VALUE WILLAMETTE COMMUNICATIONS INC K 118953 FAIR MARKET VALUE