2025-05-15T15:23:46-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2024-01-01 410449191 NORTH STAR ELECTRIC COOP NORT 2186342202 441 STATE HWY 172 NW PO BOX 719 BAUDETTE MN 566230719 STEVE ARNESEN BOARD PRESIDENT 2186342202 2025-05-07 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2025-05-07 2024 2025-03-06 01:10:19Z STEVE ARNESEN 441 STATE HWY 172 NW PO BOX 719 BAUDETTE MN 566230719 16293735 0 X WWW.NORTHSTARELECTRIC.COOP X 1940 MN TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE. 7 7 24 0 0 0 0 0 15741757 15778937 174168 111329 214733 340241 16130658 16230507 0 0 1439160 1486960 544371 666019 0 0 0 14147127 14077528 16130658 16230507 0 0 42216577 43936328 25079621 26103230 17136956 17833098 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE. 0 0 TO PROVIDE ELECTRIC AND UTILITY SERVICE TO 5,615 MEMBERS UNDER THE GUIDANCE OF THE RURAL UTILITY SERVICE DIVISION OF THE USDA. 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 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 65 0 24 1 0 0 0 0 0 15968217 147687 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 X ROBYN SONSTEGARD 2186342202 441 STATE HWY 172 NW PO BOX 719 BAUDETTE MN 566230719 X STEVE ARNESEN PRESIDENT 11.00 X X 12000 0 0 MICHAEL HANSON VICE PRESIDENT 9.00 X X 11400 0 0 LORRAINE NYGAARD SECRETARY-TREASURER - PART YEAR 2.00 X X 4200 0 0 SHELLEY SPEARS DIRECTOR/SECRETARY-TREASURER 5.00 X X 6900 0 0 TOM SMITH DIRECTOR 15.00 X 10800 0 0 DOUGLAS KING DIRECTOR 9.00 X 9600 0 0 RANDALL BERGAN DIRECTOR 3.00 X 7200 0 0 RICHARD FERGUSON JR DIRECTOR 1.00 X 0 0 0 KEVIN HOLEN GENERAL MANAGER 50.00 X 180971 0 217681 ROBYN SONSTEGARD FINANCE MANAGER 50.00 X 135232 0 76935 TIMOTHY PELACH OPERATIONS MANAGER 50.00 X 136027 0 131826 JESSE HUOT SUB-FOREMAN 44.00 X 124873 0 33816 TODD HIGGINS FOREMAN 43.00 X 124356 0 38812 TODD THYDEAN FOREMAN 43.00 X 122755 0 75842 PRESTON KENNEDY SUB-FOREMAN 43.00 X 121545 0 33779 1007859 0 608691 12 0 1 0 LAKE STATES CONSTRUCTION LLC 25172 COMMERCIAL DRIVE GRAND RAPIDS MN 55744 CONTRACTED CONSTRUCTION 467448 TJADER & HIGHSTROM UTILITY SERVICES LLC PO BOX 856489 MINNEAPOLIS MN 55485 CONTRACTED CONSTRUCTION 342960 WRIGHT TREE SERVICE INC PO BOX 735533 DALLAS TX 75373 RIGHT OF WAY CLEARING 139230 JEFF POWELL EXCAVATING LLC PO BOX 14 EFFIE MN 56639 RIGHT OF WAY CLEARING 111625 4 ELECTRIC SALES 221000 15778937 15778937 15778937 111329 111329 79115 63228 15887 15887 CAPITAL CREDITS 900099 287997 287997 OTHER NON-OPERATING 900099 36357 36357 324354 16230507 16119178 0 111329 1486960 666019 640555 1401611 COST OF POWER 8699243 DISTRIBUTION - OPERATIO 1861854 GENERAL & ADMIN 743933 CUSTOMER EXPENSE & SALE 730332 16230507 2599982 2985347 1880184 1836278 2120718 1240781 199379 190558 55254130 20089293 33105435 35164837 2306979 2514627 3900 3900 42216577 43936328 2828858 2897400 431724 101019 21697219 22975591 121820 129220 25079621 26103230 X 0 0 0 0 17136956 17833098 17136956 17833098 42216577 43936328 X 0 696142 X 0 0 0 56183 56183 4038676 1578170 2460506 51159271 18511123 32648148 35164837 PATRONAGE CAPITAL INVESTMENTS 2514627 C 2514627 CUSTOMER DEPOSITS 129220 129220 PART IV, LINE 2B: THE MEMBERS OF THE COOPERATIVE CAN ELECT TO ROUND UP THEIR MONTHLY ELECTRIC BILL TO THE NEXT DOLLAR. THESE FUNDS COLLECTED FROM THE MEMBERSHIP ARE HELD IN A COOPERATIVE ACCOUNT UNTIL THEY ARE RELEASED TO THE NORTH STAR ELECTRIC COOPERATIVE COMMUNITY TRUST. THESE FUNDS ARE TRANSFERRED DIRECTLY TO THE TRUST ON A MONTHLY BASIS. FUNDS THAT EXIST AT THE END OF YEAR ARE A RESULT OF A TIMING DIFFERENCE IN THE RECEIPT OF THE FUNDS AND THE RELEASE OF THEM TO THE TRUST. FOR THE YEARS ENDING DECEMBER 31, 2024 AND 2023 THERE WAS NO BALANCE IN THE ACCOUNT. X X 0 0 0 KEVIN HOLEN GENERAL MANAGER 179353 0 0 0 1618 0 185310 0 32371 0 398652 0 0 0 TIMOTHY PELACH OPERATIONS MANAGER 134881 0 0 0 1146 0 99455 0 32371 0 267853 0 0 0 ROBYN SONSTEGARD FINANCE MANAGER 134551 0 0 0 681 0 41064 0 35871 0 212167 0 0 0 TODD THYDEAN FOREMAN 121847 0 0 0 908 0 62288 0 13554 0 198597 0 0 0 TODD HIGGINS FOREMAN 124146 0 0 0 210 0 25258 0 13554 0 163168 0 0 0 JESSE HUOT SUB-FOREMAN 124689 0 0 0 184 0 20262 0 13554 0 158689 0 0 0 PRESTON KENNEDY SUB-FOREMAN 121372 0 0 0 173 0 20225 0 13554 0 155324 0 0 0 PART I, LINE 3 NRECA DATA IS GATHERED BY THE BOARD OF DIRECTORS. THE GENERAL MANAGER SALARY WILL BE WITHIN THE AVERAGE RANGE OF THE DATA - NOT HIGHEST AND NOT LOWEST. THE BOARD APPROVES THE GENERAL MANAGER SALARY. MINUTES ARE KEPT OF THE BOARD MEETING DELIBERATIONS. FORM 990, SCHEDULE J, PART II, COLUMN C: COMPENSATION OF OFFICERS, DIRECTORS, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES: INCLUDED IN OTHER DEFERRED COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THA PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE REFLECTED IN THE STATEMENT FOR FORM 990, PART VII, COLUMN F. FORM 990, PAGE 3, PART IV, LINE 12: AUDITED FINANCIALS: ALTHOUGH THE COOPERATIVE DID NOT HAVE AN AUDIT FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2024, IT DID HAVE ITS ANNUAL AUDIT PERFORMED BY AN INDEPENDENT ACCOUNTANT FOR THE PERIOD FROM AUGUST 1, 2023 TO JULY 31, 2024. THE AUDIT PERIOD WAS CHOSEN IN ORDER TO REDUCE THE COST OF THE AUDIT, AS IT IS NOT PERFORMED DURING PEAK SEASON FOR THE AUDIT FIRM. THE COOPERATIVE IS SCHEDULED TO HAVE AN INDEPENDENT AUDIT PERFORMED FOR THE PERIOD AUGUST 1, 2024 THOUGH JULY 31, 2025. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 5,615 VOTING MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS DIVIDED INTO 7 DISTRICTS. EACH DISTRICT IS REPRESENTED BY ONE BOARD MEMBER. MEMBERS CAN ONLY VOTE FOR BOARD MEMBERS WITHIN THEIR DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE COOPERATIVE'S BYLAWS MUST BE APPROVED BY THE COOPERATIVE'S MEMBERS. THE DIRECTORS ARE LIMITED BY THE BYLAWS AS TO DECISIONS RELATING TO THE SALE OF THE COOPERATIVE, MERGERS AND OTHER SIGNIFICANT TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DID NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER AND GENERAL MANAGER REVIEWED THE FORM 990 PRIOR TO PRESENTING THE FORM 990 TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 AT THE MAY 2025 BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE EXPECTS DIRECTORS OR EMPLOYEES WHO HAVE CONFLICTS OF INTEREST TO DISCLOSE THEM IMMEDIATELY AS THEY OCCUR. DUE CARE IS TAKEN TO AVOID UNETHICAL BEHAVIOR AND ENSURE HONESTY AND ACCOUNTABILITY. THE RESPONSIBILTY FOR REVIEW AND DETERMINATION OF BOARD CONFLICTS RESTS WITH THE BOARD PRESIDENT. THE RESPONSIBILITY FOR THE REVIEW AND DETERMINATION OF EMPLOYEE CONFLICTS RESTS WITH THE GENERAL MANAGER. ALL MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING ON ANY CONFLICT OF INTEREST SITUATION THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A NRECA DATA IS GATHERED BY THE BOARD OF DIRECTORS. THE GENERAL MANAGER SALARY WILL BE WITHIN THE AVERAGE RANGE OF THE DATA - NOT HIGHEST AND NOT LOWEST. THE BOARD APPROVES THE GENERAL MANAGER SALARY. MINUTES ARE KEPT OF THE BOARD MEETING DELIBERATIONS. THE GENERAL MANAGER REVIEWS THE PERFORMANCE EVALUATION OF THE FINANCE MANAGER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S BYLAWS ARE DISTRIBUTED TO ALL NEW MEMBERS. FINANCIAL STATEMENTS ARE SHARED WITH THE MEMBERS AT THE ANNUAL MEETING. MONTHLY BOARD MEETING MINUTES SUMMARIES ARE REPORTED IN THE COOPERATIVE'S NEWSLETTER EACH MONTH. FORM 990, PART VII, SECTION A, COLUMN (F): INCLUDED IN COLUMN (F), ESTIMATED AMOUNT OF OTHER COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE ESTIMATED INCREASE IS $165,015.28 FOR KEVIN HOLEN, $84,051.31 FOR TIMOTHY PELACH, $25,312.47 FOR ROBYN SONSTEGARD, $49,962.72 FOR TODD THYDEAN, $12,949.97 FOR TODD HIGGINS, $8,292.95 FOR JESSE HUOT, AND $8,233.83 FOR PRESTON KENNEDY. THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THE CURRENT YEAR EXPENSE FOR THE DEFINED BENEFIT PLAN WAS $33,480, $24,341, $25,734, $19,982, $19,982, $19,437, AND $19,437 RESPECTIVELY. FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -496,961. UNCLAIMED AND ABANDONED CAPITAL CREDITS 6,082. PATRONAGE DIVIDENDS ALLOCATED 1,186,961. MEMBERSHIPS 60. NORTH STAR ELECTRIC COOPERATIVE COMMUNITY TRUST PO BOX 719 BAUDETTE MN 56623 204992283 DONATIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES MN 501(C)(3) LINE 7 NORTH STAR ELECTRIC COOPERATIVE 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 NO TRANSACTIONS GREATER THAN 50000