NonprofitsRunestone Telephone Association

Runestone Telephone Association

HOFFMAN, MN

Total revenue

$13.0M

Total expenses

$10.8M

Net assets

$38.5M

Grants received

EIN

410733426

Tax year

2024

Mission

Provide reliable telecommunication services to cooperative members

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$12.6M
Investment income$173K
Other revenue$173K
Total revenue$13.0M

Expenses

Grants paid
Salaries & benefits$774K
Fundraising
Other expenses$7.1M
Total expenses$10.8M
Total assets$40.2M
Net assets$38.5M

People

9 listed

NameRoleCompensation

KENT HEDSTROM

GENERAL MANAGER/CEO

Board

$276K

40 hrs/wk

RICHARD STAPLES

DIRECTOR

Board

$13K

1 hrs/wk

ROBERT LEEGAARD

PRESIDENT

Board

$13K

1 hrs/wk

TORY BELGUM

VICE PRESIDENT

Board

$13K

1 hrs/wk

JOHN KAPPHAHN

SECRETARY/TREASURER

Board

$12K

1 hrs/wk

JOLENE VIPOND

DIRECTOR

Board

$12K

1 hrs/wk

RUSS FROEMMING

NETWORK TECHNICIAN

Staff

$133K

40 hrs/wk

RYAN SCHONHARDT

OFFICE MANAGER/CFO

Staff

$126K

40 hrs/wk

CHRIS VELDHOUSE

OUTSIDE PLANT MANAGER

Staff

$115K

40 hrs/wk

Independent contractors

ARVIG COMMUNICATION SYSTEMS

UNDERGROUND BORING

$2.7M

COOPERATIVE NETWORK SERVICES

ENGINEERING

$779K

RAMSTAD TECHNOLOGIES INC

FIBER SPLICING

$387K

ARNESON'S CONSTRUCTION & CABINETRY

BUILDING CONSTRUCTION

$273K

J CARLSON SERVICES INC

HOME ENTRIES

$260K

Details

EIN410733426
Subsection12
Ruling date1963-03
Formed1949
Employees28
Volunteers0
RUNESTONE TELEPHONE ASSOCIATION — Mission, Financials & Grants Received | Grantivo