2024-05-22T10:43:01-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 481206132 BLUESTEM ELECTRIC COOPERATIVE INC BLUE 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 MICHAEL M MORTON GENERAL MANAGER 7854562212 2024-05-21 1 MICHAEL MORTON 999009999 1 LAURIE HANSON CPA P00851848 6053391999 2024-05-21 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHAEL M MORTON 1000 SOUTH WIND DR WAMEGO KS 66547 19257576 0 X WWW.BLUESTEMELECTRIC.COM X 1999 KS PROVIDE SAFE RELIABLE ENERGY TO RURAL COOPERATIVE MEMBERS. 11 11 35 0 0 0 0 0 19249413 18700411 212193 528284 54384 17917 19515990 19246612 16656 18702 1402823 1707740 3194563 3142643 0 0 0 14901948 14377527 19515990 19246612 0 0 63678036 63782231 40340899 38805802 23337137 24976429 SAFE RELIABLE ENERGY 0 0 PROVIDED ELECTRICITY TO APPROXIMATELY 7,561 SERVICES/CONSUMERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 35 1 0 0 0 0 0 18817601 710452 0 0 0 X 11 11 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL M MORTON 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 X RICHARD RIDDER PRESIDENT 2.00 X X 9060 0 0 DONALD CLASSEN VICE PRESIDENT 3.40 X X 14320 0 0 BRUCE MEYER SECRETARY 4.60 X X 15520 0 0 MARK DIEDERICH TREASURER 4.60 X X 15380 0 0 AMANDA GNADT TRUSTEE 2.80 X 11460 0 0 PATRICIA BLOOMDAHL TRUSTEE 4.10 X 14040 0 0 GARY BUSS TRUSTEE 7.20 X 27984 0 0 MICHAEL LEITCH TRUSTEE 2.40 X 10400 0 0 STEPHEN O'SHEA TRUSTEE 2.30 X 9220 0 0 MATTHEW REZAC TRUSTEE 1.90 X 8100 0 0 STEVE OHLDE TRUSTEE 2.20 X 8840 0 0 MICHAEL M MORTON GENERAL MANAGER 59.70 X 205549 0 84292 TRISHA BRADLEY MANAGER OF ACCOUNTING & FINANCE 44.30 X 109083 0 37790 JEROD CHAFFEE MANAGER OF LINE OPERATIONS 42.60 X 107655 0 46710 THAD DONNELLY ASSISTANT MANAGER OF LINE OPERATIONS 40.70 X 102307 0 59027 BAYLEE EASTERBERG JOURNEYMAN LINEMAN 42.70 X 101476 0 13003 770394 0 240822 5 0 1 0 SCHULTZ CONSTRUCTION 4345 RORY CIRCLE MANHANTTAN KS 66502 CONSTRUCTION GENERAL CONTRACTOR 3503274 SOLIDA TREE SERVICE INC PO BOX 421 PHILLIPSBURG KS 67661 UTILITY LINE CLEARANCE 199975 NATIONAL INFORMATION SOLUTION COOPERATIV PO BOX 1147 MANDAN ND 58554 IT SUPPORT AND PRINT SERVICES 191317 ELECTRICOMM INC PO BOX 8324 TOPEKA KS 66608 AMI DESIGN,INSTALL;DISTRIBUTION EQUIPMEN 116961 4 SALE OF POWER 221000 18478625 18478625 CAPITAL CREDITS 221000 195009 195009 26777 26777 18700411 437034 437034 91250 0 91250 91250 91250 28881 10964 17917 17917 19246612 18718328 0 528284 10702 8000 1707740 581103 1902554 451650 207336 26618 26050 55409 67995 62172 22738 1226514 1977588 COST OF POWER 8932973 DISTRIBUTION-OPERATIONS 971706 DISTRIBUTION-MAINTENANC 545568 ADMIN AND GENERAL 225551 236645 19246612 9421805 5479429 1465383 1402309 306313 330587 1113592 1094109 62949892 15929696 41068986 47020196 2932748 2359559 7358205 6010015 1439 1439 9565 84588 63678036 63782231 1801817 1770641 38341427 36607335 197655 427826 40340899 38805802 X 123740 125760 0 0 23213397 24850669 23337137 24976429 63678036 63782231 X 0 1639292 X X 0 0 0 942034 942034 5691773 795082 4896691 50589283 15134614 35454669 5726802 5726802 47020196 NRUCFC CTCS 475431 C KANSAS ELECTRIC COOPERATIVE 58386 C FEDERATED RURAL ELECTRIC INSURANCE 165381 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 67006 C CENTRAL VALLEY AG COOP 11644 C CRC 6197 C NRUCFC 198767 C KANSAS ELECTRIC POWER COOPERATIVE 4874085 C NRTC 1459 C COBANK 135630 C MEMBERSHIPS 15985 C AG PARTNERS COOPERATIVE,INC 44 C 6010015 CUSTOMER DEPOSITS 204023 FINANCE LEASE OBLIGATIONS 223803 427826 1 SCHOLARSHIPS FOR STUDENTS 9 8000 PART I, LINE 2: BLUESTEM ELECTRIC COOPERATIVE HAS A MASTER LIST OF ALL THE SCHOLARSHIPS THAT WERE AWARDED TO STUDENTS. EACH STUDENT MUST PROVIDE PROOF OF ENROLLMENT. ONCE PROVIDED, THE CHECK IS SENT DIRECTLY TO THE SCHOOL. X X 0 0 0 MICHAEL M MORTON GENERAL MANAGER 199816 0 0 0 5733 0 58620 0 28347 0 292516 0 0 0 THAD DONNELLY ASSISTANT MANAGER OF LINE OPERATIONS 100003 0 0 0 2304 0 39246 0 21105 0 162658 0 0 0 JEROD CHAFFEE MANAGER OF LINE OPERATIONS 105981 0 0 0 1674 0 20445 0 27592 0 155692 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C INCLUDED IN PART II, COLUMN C, IS THE CHANGE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN TOTALING $50,167 FOR MICHAEL M. MORTON, $34,987 FOR THAD DONNELLY, AND $15,915 FOR JEROD CHAFFEE. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $33,661 FOR MICHAEL M. MORTON, $17,381 FOR THAD DONNELLY AND $17,381 FOR JEROD CHAFFEE. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS FORM 990 AT A MONTHLY BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL AND PERIODIC REVIEWS OF THE POLICY ARE MADE BY BOARD AND MANAGEMENT STAFF. IF IT IS DETERMINED THAT A POTENTIAL CONFLICT EXISTS, THE MATTER WILL BE REVIEWED BY THE BOARD AND LEGAL COUNSEL. IF IT IS DETERMINED BY THE BOARD THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE AND IMPOSE ANY NECESSARY RESTRICTION AS THEY SEE FIT UP TO AND INCLUDING REMOVAL OF A TRUSTEE FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING THE APPROPRIATE SALARY FOR THE GENERAL MANAGER, THE BOARD OF TRUSTEES REVIEWS COMPENSATION DATA OF OTHER MANAGERS IN THE STATE. THE DATA IS COMPILED BY OUR STATEWIDE ORGANIZATION, KANSAS ELECTRIC COOPERATIVE, WHO GATHERS THE INFORMATION BY SURVEY. IN ADDITION TO THE STATE WIDE SURVEY, THE BOARD OF TRUSTEES USES A THIRD PARTY TO VERIFY ADDITIONAL INFORMATION ON THE GENERAL MANAGER'S SALARY. THE BOARD OF TRUSTEES ARE ELECTED OFFICIALS WHO ARE COMPENSATED ON A PER MEETING/PER DIEM BASIS. THE COMPENSATION IS SET AT A LEVEL COMPARABLE TO THAT GIVEN TO BOARD MEMBERS WHO SERVE IN OTHER COOPERATIVES STATEWIDE AND AT OUR G&T. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER, MANAGER OF ACCOUNTING & FINANCE, MANAGER OF LINE OPERATION, JOURNEYMAN LINEMAN, AND ASSISTANT MANAGER OF LINE OPERATION. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -171,996. ALLOCATION OF 2023 MARGINS IN 2024 1,707,740. GAIN/LOSS ON RETIREMENT OF CAPITAL CREDITS 52,448. OTHER-MEMBERSHIPS ISSUED - NET 2,020. OTHER-CHECKS VOIDED 49,080. FORM 990 PART XII LINE 2A FISCAL YEAR AUDIT: THE COOPERATIVE HAS AN AUDIT ON A FISCAL YEAR BASIS. THE COOPERATIVE'S MOST RECENT AUDIT WAS FOR THE FISCAL YEAR ENDED JUNE 30, 2023. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.