MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION: Form 990, tax year 2023
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- Organization
- MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION (EIN 41-0419129)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349305185
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T10:29:30-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450310328 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRADY MARTZ & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 14296 | AddressLine1Txt |
| City | GRAND FORKS | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582084296 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410419129 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA VALLEY COOPERATIVE | BusinessNameLine1Txt |
| Business Name Line2 | LIGHT & POWER ASSOCIATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MINN | BusinessNameControlTxt |
| Phone | 3202692163 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 248 | AddressLine1Txt |
| City | MONTEVIDEO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 562650248 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICK C CARRUTH | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 3202692163 | PhoneNum |
| Signature | 2024-08-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID HOLT | PreparerPersonNm |
| PTIN | P00014251 | PTIN |
| Phone | 7017754685 | PhoneNum |
| Preparation | 2024-08-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PATRICK C CARRUTH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 248 | AddressLine1Txt |
| City | MONTEVIDEO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 562650248 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $26,969,579 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MNVALLEYREC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRICAL ENERGY SERVICES TO RURAL CUSTOMERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 35 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $432,988 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $27,204 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,483,563 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,723,954 | CYProgramServiceRevenueAmt |
| PY Investment Income | $195,848 | PYInvestmentIncomeAmt |
| CY Investment Income | $260,408 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,847,902 | PYOtherRevenueAmt |
| CY Other Revenue | $1,666,195 | CYOtherRevenueAmt |
| PY Total Revenue | $24,527,313 | PYTotalRevenueAmt |
| CY Total Revenue | $25,650,557 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $95 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $41 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,309,787 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,086,316 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $926,087 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $998,456 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,898,171 | PYOtherExpensesAmt |
| CY Other Expenses | $20,958,979 | CYOtherExpensesAmt |
| PY Total Expenses | $25,134,140 | PYTotalExpensesAmt |
| CY Total Expenses | $26,043,792 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$606,827 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$393,235 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $85,287,908 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,415,919 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $54,182,615 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,163,662 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,105,293 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $33,252,257 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION IS A PROACTIVE COOPERATIVE THAT CONTINUES TO PROVIDE VALUE TO OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PURCHASE AND DISTRIBUTION OF ELECTRICAL POWER TO APPROXIMATELY 5,307 RURAL CUSTOMERS | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 35 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $23,741,731 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,691,408 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3202692163 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 248 | AddressLine1Txt |
| City | MONTEVIDEO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 562650248 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARK PETERSON | |||||||
| SECRETARY | 8.00 | Yes (X) | $18,880 | $0 | $0 | ||
| TIMOTHY VELDE | |||||||
| DIRECTOR | 8.00 | Yes (X) | $18,840 | $0 | $0 | ||
| GARY GROOTHUIS | |||||||
| TREASURER | 8.00 | Yes (X) | $18,815 | $0 | $0 | ||
| DONALD FERNHOLZ | |||||||
| VICE PRESIDENT | 8.00 | Yes (X) | $18,800 | $0 | $0 | ||
| DARRYL BURSACK | |||||||
| DIRECTOR | 8.00 | Yes (X) | $18,720 | $0 | $0 | ||
| STEVE NORMAN | |||||||
| PRESIDENT | 8.00 | Yes (X) | $18,720 | $0 | $0 | ||
| WAYNE PELTIER | |||||||
| DIRECTOR | 8.00 | Yes (X) | $18,480 | $0 | $0 | ||
| PATRICK CARRUTH | |||||||
| GENERAL MANAGER | 40.00 | $488,145 | $0 | $206,787 | Yes (X) | ||
| JILL ROTHSCHADL | |||||||
| OFFICE MANAGER | 40.00 | $164,679 | $0 | $50,620 | Yes (X) | ||
| ERIC WOLLSCHLAGER | |||||||
| OPERATIONS MANAGER | 40.00 | $164,601 | $0 | $91,285 | Yes (X) | ||
| SCOTT KUBESH | |||||||
| MEMBER SERVICES MANAGER | 40.00 | $144,781 | $0 | $87,744 | Yes (X) | ||
| KENT SMITH | |||||||
| FOREMAN | 40.00 | $119,491 | $0 | $58,193 | Yes (X) | ||
| ANDREW JOHNSON | |||||||
| CREW CHIEF | 40.00 | $115,592 | $0 | $58,995 | Yes (X) | ||
| ANTHONY BEDNAREK | |||||||
| LINEMAN | 40.00 | $116,801 | $0 | $3,797 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,445,345 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $557,421 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KARIAN PETERSON POWERLINE | |||||
| PO BOX 345 | MONTEVIDEO | MN | 56265 | POWERLINE CONTRACTING | $3,313,518 |
| MINNESOTA VALLEY TREE SERVICE | |||||
| 501 S 1ST | MONTEVIDEO | MN | 56265 | RIGHT OF WAY TREE CLEANING | $1,064,658 |
| POWER SYSTEMS ENGINEERING INC | |||||
| 1532 W BROADWAY | MADISON | WI | 53713 | ENGINEERING CONSULTING | $345,812 |
| NISC | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | COMPUTER SOFTWARE AND SERVICES | $132,694 |
| EIR TESTING & MAINTENANCE CO | |||||
| PO BOX 86 | FARMINGTON | MN | 55024 | MAINTENANCE, REPAIR, AND PARTS | $103,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ELECTRIC SALES | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $23,723,954 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,723,954 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $23,723,954 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $247,416 | TotalRevenueColumnAmt |
| Exclusion | $247,416 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $36,176 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $23,184 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,992 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,992 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,992 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,486,044 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,295,838 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $190,206 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $190,206 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| CAPITAL CREDITS | 900099 | $1,230,328 | $1,230,328 | ||
| MANAGEMENT FEE FROM SUBSIDIARY | 900099 | $241,000 | $241,000 | ||
| GRANITE FALLS ENERGY, LLC K-1 | 900099 | $4,661 | $1,782 | $2,879 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,475,989 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,650,557 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,967,274 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $432,988 | UnrelatedBusinessRevenueAmt |
| Exclusion | $250,295 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,086,316 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $998,456 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,452,814 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,175,676 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $11,069,081 |
| DISTRIBUTION/MAINTENANC | $1,643,758 |
| DISTRIBUTION/OPERATIONS | $1,559,853 |
| GENERAL AND ADMIN | $988,025 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,069,772 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,043,792 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,921,563 | BOYAmt |
| EOY | $2,626,416 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,466,843 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,632,680 | BOYAmt |
| EOY | $2,697,471 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,966,731 | BOYAmt |
| EOY | $5,704,155 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,396 | BOYAmt |
| EOY | $174,390 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $99,623,382 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $34,986,247 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,936,932 | BOYAmt |
| EOY | $64,637,135 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,227,634 | BOYAmt |
| EOY | $5,732,238 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,426,209 | BOYAmt |
| EOY | $12,170,746 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $186,762 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,763 | BOYAmt |
| EOY | $19,763 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,287,908 | BOYAmt |
| EOY | $95,415,919 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,502,170 | BOYAmt |
| EOY | $1,293,302 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $343,411 | BOYAmt |
| EOY | $275,301 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,044,461 | BOYAmt |
| EOY | $52,360,075 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,300,000 | BOYAmt |
| EOY | $6,350,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,992,573 | BOYAmt |
| EOY | $1,884,984 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,182,615 | BOYAmt |
| EOY | $62,163,662 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,105,293 | BOYAmt |
| EOY | $33,252,257 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,105,293 | BOYAmt |
| EOY | $33,252,257 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,287,908 | BOYAmt |
| EOY | $95,415,919 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$393,235 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$14,228 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $2,554,427 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $414,721 | OtherCostOrOtherBasisAmt |
| Book Value | $414,721 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,835,964 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,009,975 | DepreciationAmt |
| Book Value | $3,825,989 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $89,882,784 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,976,272 | DepreciationAmt |
| Book Value | $57,906,512 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,489,913 | OtherCostOrOtherBasisAmt |
| Book Value | $2,489,913 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,637,135 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $5,263,617 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT IN OTHER INVESTMENTS | Desc |
| Book Value | $468,621 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $5,732,238 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT IN ASSOCIATED COMPANIES | Desc |
| Book Value | $12,170,746 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $12,170,746 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED SALES TAX | -$26,235 |
| ACCRUED VACATION | $316,209 |
| CONSUMER DEPOSITS | $54,500 |
| OTHER ACCRUALS | $522,382 |
| OTHER LIABILITIES | $736,631 |
| SICK LEAVE | $281,497 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,884,984 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE SUBSIDIARY, MINNESOTA VALLEY LIGHT & POWER HOLDING COMPANY, OPERATES AS A CORPORATION AND FILES ANNUALLY ON FEDERAL FORM 1120 AND AS SUCH IS TREATED AS A CORPORATION FOR INCOME TAX PURPOSES. THE ASSOCATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ASSOCIATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILINGS ARE CURRENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PATRICK CARRUTH | ||||||||||||||
| GENERAL MANAGER | $488,145 | $0 | $0 | $0 | $0 | $0 | $183,622 | $0 | $29,147 | $0 | $700,914 | $0 | $0 | $0 |
| ERIC WOLLSCHLAGER | ||||||||||||||
| OPERATIONS MANAGER | $164,601 | $0 | $0 | $0 | $0 | $0 | $80,687 | $0 | $13,191 | $0 | $258,479 | $0 | $0 | $0 |
| SCOTT KUBESH | ||||||||||||||
| MEMBER SERVICES MANAGER | $144,781 | $0 | $0 | $0 | $0 | $0 | $64,579 | $0 | $25,670 | $0 | $235,030 | $0 | $0 | $0 |
| JILL ROTHSCHADL | ||||||||||||||
| OFFICE MANAGER | $164,679 | $0 | $0 | $0 | $0 | $0 | $27,455 | $0 | $26,045 | $0 | $218,179 | $0 | $0 | $0 |
| KENT SMITH | ||||||||||||||
| FOREMAN | $119,491 | $0 | $0 | $0 | $0 | $0 | $35,028 | $0 | $25,089 | $0 | $179,608 | $0 | $0 | $0 |
| ANDREW JOHNSON | ||||||||||||||
| CREW CHIEF | $115,592 | $0 | $0 | $0 | $0 | $0 | $35,830 | $0 | $25,024 | $0 | $176,446 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II, COLUMN C | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN SCHEDULE J, PART II, COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING EMPLOYEES, THE ESTIMATED INCREASE IS AS FOLLOWS: PATRICK CARRUTH: $173,310 ERIC WOLLSCHLAGER: $75,585 ANTHONY BEDNAREK: $715 KENT SMITH: $31,678 JILL ROTHSCHADL: $22,249 SCOTT KUBESH: $60,042 ANDREW JOHNSON: $32,558 THESE ARE ESTIMATES IN THE INCREASE OF THE VALUE OF THE PLANS AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN WERE AS FOLLOWS: PATRICK CARRUTH: $96,558 ERIC WOLLSCHLAGER: $42,427 ANTHONY BEDNAREK: $1,927 KENT SMITH: $25,087 JILL ROTHSCHADL: $47,109 SCOTT KUBESH: $40,964 ANDREW JOHNSON: $24,276 THESE AMOUNTS ARE INCLUDED IN THE ABOVE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BASIN ELECTRIC POWER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | ENTITY FOR WHICH WAYNE PELTIER, CURRENT DIRECTOR, WAS SERVING AS A DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $10,552,850 | TransactionAmt |
| Transaction | PURCHASE OF POWER | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE IS A MEMBER OWNED COOPERATIVE. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER OF THE COOPERATIVE HAS ONE VOTE IN ELECTIONS OF THE BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH MEMBER OF THE COOPERATIVE IS ALLOWED ONE VOTE FOR BY-LAW CHANGES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE GENERAL MANAGER REVIEWS THE 990 FOR ACCURACY AND THEN THE FORM 990 IS REVIEWED AND APPROVED FOR FILING AT A MEETING OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | EMPLOYEE COMPENSATION IS DETERMINED BY THE GENERAL MANAGER. THE BOARD APPROVES THE GENERAL MANAGER'S SALARY. COMPENSATION IS COMPARED TO THE NATIONAL AVERAGES BY NRECA'S COMPENSATE WAGE AND SALARY PLAN. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S FORM 990 PUBLIC INSPECTION COPY IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | BY-LAWS AND ARTICLES OF INCORPORATION ARE SENT OUT TO EACH NEW COOPERATIVE MEMBER. THE ORGANIZATION'S ANNUAL REPORT IS AVAILABLE AT ITS WEBSITE. |
| FORM 990, PART IX, LINE 4 | AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. |
| FORM 990, PART XI, LINE 9: | ALLOCATED CAPITAL CREDITS 4,086,316. RETIRED CAPITAL CREDITS -1,989,389. EARNINGS FROM TAXABLE SUBSIDIARY 412,121. BOOK TO TAX - GRANITE FALLS ENERGY -4,661. DEFINED BENEFIT PLAN-PRIOR SVC COST 33,224. NET GAIN/LOSS OF AVAILABLE FOR SALE 16,816. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|
| MINNESOTA VALLEY TREE SERVICE | |||||||
| 603 13TH STREET | GRANITE FALLS | MN | 56241 | 411958100 | TREE TRIMMING AND CLEARING | MN | MINNESOTA VALLEY COOPERATIVE LIGHT & POWER HOLDING COMPANY |
| KARIANPETERSON POWER LINE | |||||||
| PO BOX 345 | MONTEVIDEO | MN | 56265 | 411979829 | POWER LINE CONSTRUCTION | MN | MINNESOTA VALLEY COOPERATIVE LIGHT & POWER HOLDING COMPANY |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA VALLEY LIGHT & POWER HOLDING COMPANY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 S FIRST STREET | AddressLine1Txt |
| City | MONTEVIDEO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56265 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264222869 | EIN |
| Primary Activities | MANAGEMENT OF COMPANIES | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $5,661,085 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $6,857,463 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MINNESOTA VALLEY LIGHT & POWER HOLDING COMPANY | ||
| L | $241,000 | CASH PAID |
| MINNESOTA VALLEY TREE SERVICE | ||
| M | $1,064,658 | CASH PAID |
| KARIANPETERSON POWER LINE | ||
| M | $3,313,518 | CASH PAID |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I: | FormAndLineReferenceDesc |
| Explanation | MINNESOTA VALLEY TREE SERVICE AND KARIAN PERTERSON ARE DISREGARDED ENTITIES OF MINNESOTA VALLEY LIGHT & POWER HOLDING COMPANY WHICH IS A C CORPORATION. ACCORDINGLY, THE ASSETS AND INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF MINNESOTA VALLEY LIGHT & POWER HOLDING COMPANY. AS NONE OF THE ASSETS OR INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF MINNESOTA VALLEY LIGHT & POWER ASSOCIATION, THERE ARE NO INCOME OR ASSETS TO REPORT PER THE IRS INSTRUCTIONS. | ExplanationTxt |