2024-11-05T16:43:13-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 390382695 JUMP RIVER ELECTRIC COOPERATIVE INC JUMP 7155325524 PO BOX 99 LADYSMITH WI 54848 WILLIAM VANDOORN CHAIRMAN 7155325524 2024-10-24 1 1 KATHERINE LUTZKE CPA P01760889 5072802300 2024-10-24 2023 2024-10-15 13:58:12Z WILLIAM VANDOORN PO BOX 99 LADYSMITH WI 54848 17143743 0 X WWW.JREC.COM X 1938 WI PROVIDE RELIABLE, SAFE, SUSTAINABLE, AFFORDABLE UTILITY SERVICES TO THE COMMUNITIES WE SERVE 9 9 27 0 36680 18510 0 0 16244388 16392258 42914 62960 589795 539979 16877097 16995197 0 0 217504 1466304 325455 362258 0 0 0 15730843 14989669 16273802 16818231 603295 176966 50800248 52829887 32713742 33301104 18086506 19528783 THE MISSION OF JUMP RIVER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTHER SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE. 0 0 THE COOPERATIVE SOLD 96,279,382 KWH OF ELECTRICITY TO MEMBERS DURING 2023. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 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 0 0 0 1 96 0 27 1 1 1 0 0 0 0 17077795 2937668 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X DAWN ZAHURONES 7155325524 PO BOX 99 LADYSMITH WI 54848 MYRON BROOKS CHAIRMAN 12.12 X X 9950 0 0 JASON WEAVER VICE CHAIRMAN 9.75 X X 4650 0 0 JOE LORENCE SECRETARY/TREASURER 9.44 X X 10050 0 0 BILL AMERY DIRECTOR 6.86 X 5600 0 0 JERRY CAROW DIRECTOR 5.94 X 1200 0 0 BILL VAN DOORN DIRECTOR 5.50 X 5550 0 0 WALTER KRUK DIRECTOR 10.23 X 6450 0 0 JANE REICH DIRECTOR 10.83 X 6150 0 0 SANDRA SCHARA DIRECTOR 9.16 X 8400 0 0 JAY WAELTZ DIRECTOR 2.22 X 2400 0 0 KURT HARRIS GENERAL MANAGER 49.68 X 177860 0 123999 KEVIN WRIGHT JOURNEY LINE WORKER 48.75 X 122273 0 60669 CALVIN WIENER LINEMAN 53.37 X 134715 0 39738 CORY ANDRASCHKO JOURNEY LINE WORKER 55.89 X 136331 0 43618 GREG WALTERS JOURNEY LINE WORKER 46.49 X 115906 0 88680 DANIEL ANGLEMYER JOURNEY LINE WORKER 47.39 X 113889 0 54019 861374 0 410723 12 0 1 0 HIGHER POWER 8048 68TH ST NW STANLEY ND 58784 ELECTRICAL POLE CHANGES 692250 ZIELIES TREE SERVICE PO BOX 307 BRUCE WI 54819 BRUSHING/TREE TRIMMING 605706 A-1 POWER 8327 WI-64 BLOOMER WI 54724 URD SERVICES 491293 3 SALE OF POWER 221000 16392258 16392258 16392258 54537 54537 14224 0 14224 14224 14224 118899 110476 8423 8423 8423 43925 38070 5855 5855 CAPTIAL CREDITS 523000 488003 488003 POWERNET GLOBAL AND VIASAT 517000 30825 30825 MISC NONOPERATING INCOME 900099 1072 1072 519900 16995197 16881333 36680 77184 1466304 362258 927469 1502912 COST OF POWER 7970586 MAINTENANCE EXPENSE 1478129 ADMINISTRATIVE & GENERA 1190743 OPERATIONS EXPENSE 1081358 838472 16818231 52088 68046 9758 57934 1896064 1825252 770123 1249944 145326 197445 59027272 17053301 40804144 41973971 7122745 7457295 50800248 52829887 2557996 2151610 29018233 29110396 1137513 2039098 32713742 33301104 X 47095 45360 937665 980885 17101746 18502538 18086506 19528783 50800248 52829887 X 176966 1265311 X X 0 1 X 1 0 426586 426586 9173297 878775 8294522 49427389 16174526 33252863 41973971 DAIRYLAND POWER COOPERATIVE 5815392 C NATIONAL RURAL UTILITIES COOP 957625 C OTHER ASSOCIATED ORGANIZATIONS 429868 C RESCO ASSOCIATION 254410 C 7457295 DEFERRED CREDITS 1286985 POST RETIREMENT BENEFITS 752113 2039098 X 16995198 0 16995198 -1 -1 16995197 15351927 0 15351927 1466304 1466304 16818231 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2023 AND 2022. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN POSITIONS AS OF DECEMBER 31, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 1,466,304. X X 0 0 0 KURT HARRIS GENERAL MANAGER 177860 0 0 0 0 0 92105 0 31894 0 301859 0 0 0 GREG WALTERS JOURNEY LINE WORKER 115906 0 0 0 0 0 58117 0 30563 0 204586 0 0 0 KEVIN WRIGHT JOURNEY LINE WORKER 122273 0 0 0 0 0 30180 0 30489 0 182942 0 0 0 CORY ANDRASCHKO JOURNEY LINE WORKER 136331 0 0 0 0 0 13129 0 30489 0 179949 0 0 0 CALVIN WIENER LINEMAN 134715 0 0 0 0 0 9182 0 30556 0 174453 0 0 0 DANIEL ANGLEMYER JOURNEY LINE WORKER 113889 0 0 0 0 0 23530 0 30489 0 167908 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A 15 OR MORE MEMBERS OF A DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED MAY MAKE NOMINATIONS EACH MEMBER RECEIVES A BALLOT CONTAINING THE NAMES OF THE QUALIFIED CANDIDATES NOMINATED FOR THE DIRECTOR POSITIONS EACH MEMBER OF THE COOPERATIVE IS ELIGIBLE TO VOTE FOR ONE CANDIDATE FROM EACH DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE 990 IS REVIEWED BY THE GENERAL MANAGER, FINANCE MANAGER AND THE BOARD OF DIRECTORS. THE BOARD CHAIRMAN SIGNS 990 AFTER THIS REVIEW AND BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY MUST BE SIGNED BY EACH CURRENT EMPLOYEE AND DIRECTOR ANNUALLY AS WELL AS EACH NEW EMPLOYEE AND DIRECTOR AT TIME OF HIRE. THE CONFLICT OF INTEREST POLICY IS A SELF-POLICING POLICY IN WHICH IT IS THE RESPONSIBILITY OF EACH EMPLOYEE/DIRECTOR TO COME FORWARD WITH ANY POTENTIAL CONFLICTS WHENEVER THEY OCCUR. THE WHISTLEBLOWER POLICY SUPPORTS THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY BY ENCOURAGING ALL EMPLOYEES AND DIRECTORS TO REPORT CONFLICTS OF INTEREST AND OTHER QUESTIONABLE BEHAVIOR. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER/CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEW THE GENERAL MANAGER/CEO'S PERFORMANCE AND COMPENSATION ON AT LEAST AN ANNUAL BASIS. THE BOARD UTILIZIES THE NRECA NATIONAL COMPENSATION SURVEY FOR ELECTRIC COOPERATIVES FOR COMPARABLES. THE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS IN EXECUTIVE SESSION. OTHER HIGHLY COMPENSATED EMPLOYEES ARE UNION EMPLOYEES. THE AMOUNT IN THE UNION AGREEMENT IS NEGOTIATED BY THE CEO THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY FOR SIMILAR POSITIONS USING THE NRECA NATIONAL COMPENSATION SURVEY FOR ELECTRIC COOPERATIVES. THE AGREEMENTS ARE USUALLY 3 YEARS AND THE RESULTS ARE DOCUMENTED IN THE UNION AGREEMENT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS MINUTES, BYLAWS, AND GOVERNANCE INFORMATION AVAILABLE TO THE PUBLIC BY MAKING THIS INFORMATION AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY AND DISTRIBUTED AT AN ANNUAL MEETING FOR MEMBERS. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL -199,259. CHANGE IN MEMBERSHIPS -1,735. PATRONAGE DIVIDEND ALLOCATED 1,466,304. ROUNDING 1. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS. FORM 990, PART IX, LINE 4: THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.