2025-05-15T09:09:15-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2024-01-01 390212464 CLARK ELECTRIC COOPERATIVE CLAR 7152676188 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 HERMAN SEEBANDT BOARD PRESIDENT 7152676188 2025-05-12 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2025-05-07 2024 2025-03-06 01:10:19Z HERMAN SEEBANDT 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 26995636 0 X WWW.CECOOP.COM X 1937 WI TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO OUR MEMBERS. 7 7 28 0 0 0 0 0 24816918 25701180 213390 146350 871835 1131685 25902143 26979215 0 0 2164152 2383159 393757 403787 0 0 0 23386130 24242783 25944039 27029729 -41896 -50514 62001319 63248036 20550043 20419062 41451276 42828974 PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 0 0 THE COOPERATIVE SOLD 212,227,384 KWH OF ELECTRICITY TO 9,740 MEMBERS DURING 2024. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO MEMBERS ON A NOT-FOR-PROFIT BASIS. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 9 0 28 1 0 0 0 0 0 27692440 1181683 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X AMBER K REDDY 7152676188 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 HERMAN SEEBANDT PRESIDENT 6.75 0.00 X X 9600 0 0 ALLEN JICINSKY VICE-PRESIDENT 3.28 0.00 X X 9450 0 0 THOMAS ODEEN SECRETARY/TREASURER 3.67 0.00 X X 8050 0 0 JAMES HAGER DIRECTOR 4.52 0.00 X 10500 0 0 SCOTT JOHNSON DIRECTOR 4.81 0.00 X 10500 0 0 MARVIN VERKUILEN DIRECTOR 3.34 0.00 X 8050 0 0 CHARLES LINDER DIRECTOR 3.88 0.00 X 7700 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 50.00 2.00 X 240765 0 99172 MICHAEL A RUFF DIRECTOR OF OPERATIONS 50.00 0.00 X 142786 0 71737 SCOTT BAILEN LINEMAN 45.31 0.00 X 121471 0 44661 KENT WEIGEL LINEMAN 50.00 0.00 X 121423 0 65597 JOSH BURNS LINEMAN 50.00 0.00 X 103181 0 62184 JESSE FRIEDENFELS LINEMAN 44.90 0.00 X 119018 0 50435 912494 0 393786 12 0 1 0 PUSH INCORPORATED 1100 LINDY ST PO BOX 72 RICE LAKE WI 54868 POLE CHANGE OUTS 761512 JOLMA UTILITIES 63946 HANGARD RD ASHLAND WI 54806 POLE CHANGE OUTS 568013 ZIELIE'S TREE SERVICE PO BOX 307 BRUCE WI 54819 TREE TRIMMING 389331 NISC PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT & BILLING 197892 VANNGUARD UTILITY PARTNERS INC 4311 OAKWOOD LN WEST DES MOINES IA 50265 URD LOCATES 128818 5 SALE OF POWER 221000 25670006 25670006 POLE CONTRACTS 221000 31174 31174 25701180 146350 146350 224 -224 -224 -224 30749 16197 14552 14552 CAPITAL CREDITS 221000 1035890 1035890 MISCELLANEOUS 221000 81467 81467 1117357 26979215 26833089 0 146126 2383159 403787 463620 2139204 COST OF POWER 16960547 DIST EXP - MAINTENANCE 1685445 DIST EXP - OPERATIONS 1384013 ADMIN & GENERAL EXP 577481 1032473 27029729 453952 938479 940502 788106 2385630 2355653 -15000 -15000 1155558 903895 134366 126007 59737508 19867392 38234825 39870116 2995000 1725000 3264693 3302637 12446696 13180998 5097 72145 62001319 63248036 3295067 2859606 16141006 16443537 1113970 1115919 20550043 20419062 X 0 0 0 0 41451276 42828974 41451276 42828974 62001319 63248036 X -50514 1428212 X 0 1 X 1 0 112039 112039 5536255 2416651 3119604 5548333 4149827 1398506 48540881 13300914 35239967 39870116 3302637 C 3302637 DAIRYLAND POWER COOPERATIVE 11752117 C NRUCFC - PATRONAGE CAPITAL 105501 C NRUCFC - CAPITAL TERM CERTIFICATES 417278 C FEDERATED RURAL INSURANCE EXCHANGE - PATRONAGE CAPITAL 226284 C OTHER PATRONAGE CAPITAL 382219 C OTHER PROGRAM RELATED 297599 C 13180998 CONSUMER DEPOSITS 105812 CAPITAL CREDITS PAYABLE 1010107 1115919 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. X X X 0 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 240765 0 0 0 0 0 69478 0 29694 0 339937 0 0 0 MICHAEL A RUFF DIRECTOR OF OPERATIONS 142786 0 0 0 0 0 42490 0 29247 0 214523 0 0 0 KENT WEIGEL LINEMAN 121423 0 0 0 0 0 36520 0 29077 0 187020 0 0 0 JESSE FRIEDENFELS LINEMAN 119018 0 0 0 0 0 19893 0 30542 0 169453 0 0 0 SCOTT BAILEN LINEMAN 121471 0 0 0 0 0 19898 0 24763 0 166132 0 0 0 JOSH BURNS LINEMAN 103181 0 0 0 0 0 32768 0 29416 0 165365 0 0 0 PART I, LINE 3 UTILIZE THE NATIONAL CONSULTING GROUP COMPENSATION SURVEY TO COMPARE VARIOUS METRICS SUCH AS BY STATE, REGION, NATIONAL, SIZE, GROWTH RATES, AND EXPERIENCE/EDUCATION LEVELS. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM, ASSOCIATION, CORPORATION, OR BODY POLITIC OR SUBDIVISION THEREOF WILL BECOME A MEMBER OF CLARK ELECTRIC COOPERATIVE UPON RECEIPT OF ELECTRIC SERVICE FROM THE COOPERATIVE, PROVIDED THAT HE OR SHE HAS FIRST MADE AN APPLICATION FOR MEMBERSHIP, AGREED TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AGREED TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AND AGREED TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS A CURRENT USER OF ELECTRICITY FROM THE COOPERATIVE SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. MEMBER RIGHTS INCLUDE ELECTION OF THE BOARD OF DIRECTORS. THE MEMBERSHIP MAY AMEND THE BY-LAWS OF THE COOPERATIVE BY A MAJORITY VOTE AT THE COOPERATIVE'S ANNUAL MEETING. IN KEEPING WITH A NOT-FOR-PROFIT OPERATIONS, MEMBERS ARE ASSIGNED PATRONAGE CAPITAL. THIS PATRONAGE CAPITAL IS RETIRED AS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR ARTICLES OF INCORPORATION OR BY-LAW CHANGES. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE FORM 990, PRIOR TO FILING. THE DIRECTORS THEN APPROVE THE FILING OF THE RETURN AS PRESENTED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED PERIODICALLY, BUT NO LESS THAN, ONCE EVERY THREE YEARS. THE BOARD OF DIRECTORS COMPLETES AN ANNUAL ASSESSMENT, LAST COMPLETED IN APRIL 2024, AND SUPERVISORS ARE RESPONSIBLE FOR REPORTING ANY CONFLICTS IMMEDIATELY TO THE CEO/GENERAL MANAGER. WHILE THE COOPERATIVE HAS NOT CURRENTLY IDENTIFIED ANY CONFLICTS, IT'S POLICY IS THAT THE SUPERVISOR SHALL, IN CONSULTATION WITH THE CEO/GENERAL MANAGER, DETERMINE THE APPROPRIATE DISCIPLINARY ACTION. SERIOUS OR CONTINUOUS VIOLATIONS OF POLICY MAY RESULT IN DISMISSAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPARES THE CEO/GENERAL MANAGER'S SALARY TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE MANAGERS IN THE UNITED STATES. THE CEO/GENERAL MANAGER'S SALARY WAS LAST REVIEWED IN MAY 2024. THIS PROCESS IS DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES. THE BOARD OF DIRECTORS COMPARED OTHER OFFICERS AND/OR KEY STAFF TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE LISTED POSITIONS IN THE U.S. THIS WAS LAST REVIEWED IN OCTOBER 2022. THIS IS ALL DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,010,216. CHANGES IN OTHER EQUITY 55,269. PATRONAGE DIVIDENDS PAID 2,383,159. 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. ADLER-CLARK ELECTRIC COMMUNITY COMMITMENT FOUNDATION TRUST PO BOX 190 GREENWOOD WI 54437 202040648 FOUNDATION WI 501(C)(3) PF CLARK ELECTRIC APPLIANCE & SATELLITE 0 CLARK ELECTRIC APPLIANCE & SATELLITE 1209 W DALL-BERG RD GREENWOOD WI 54437 391785423 SALE OF APPLIANCES AND SATELLITE SERVICES WI CLARK ELECTRIC COOP C 408817 3453753 1.00000 1 1 0 0 0 0 1 0 0 0 1 0 0 1 1 1 1 1 1 1 CLARK ELECTRIC APPLIANCE & SATELLITE INC O 56676 CEC TO CEAS - ACTUAL COST