2023-09-25T06:01:18-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 410128105 CONNEXUS ENERGY CONN 7633232600 14601 RAMSEY BOULEVARD RAMSEY MN 55303 YAN PAUL MARTINEZ VICE PRESIDENT/CFO 7633232600 2023-09-21 1 YAN PAUL MARTINEZ 999009999 0 LAURIE HANSON CPA P00851848 6053391999 2023-08-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG RIDDERBUSCH 14601 RAMSEY BOULEVARD RAMSEY MN 55303 267257547 0 X WWW.CONNEXUSENERGY.COM X 1937 MN PROVIDING UTILITY SERVICES TO MEMBERS. 8 8 249 0 0 0 0 0 271138164 266338228 2090925 120562 749521 392455 273978610 266851245 330422 342995 15499409 9239832 25950357 28094446 0 0 0 232198422 229173972 273978610 266851245 0 0 473343536 491977657 253610617 271244822 219732919 220732835 CONNEXUS ENERGY SERVES OUR MEMBERSHIP BY PROVIDING COST COMPETITIVE, RELIABLE ELECTRICITY AND RELATED SERVICES, WITH AN ENVIRONMENTAL COMMITMENT, AFFIRMING THE VALUE OF MEMBER COOPERATIVE OWNERSHIP. 0 0 CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 143,618 MEMBERS IN EIGHT COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN AND MAINTAINED 9,463 MILES OF LINES. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 184 0 1 249 1 0 0 0 0 0 265850605 8721168 0 0 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X KARI MILLER 7633232689 14601 RAMSEY BOULEVARD RAMSEY MN 55303 FRAN BATOR CHAIR 24.00 0.00 X X 51409 0 0 MICHAEL CADY ASST. SECRETARY & TREASURER 12.00 0.00 X X 46551 0 0 DONALD HOLL DIRECTOR 10.00 0.00 X 26031 0 20500 PETER WOJCIECHOWSKI DIRECTOR UNTIL 04/2022 10.00 0.00 X 15510 0 0 SHELLY PETERSON DIRECTOR/SEC-TREAS FROM 04/2022 20.00 0.00 X X 46671 0 0 KENNETH FIERECK DIRECTOR 14.00 0.00 X 32531 0 14000 GORDON WESTERLIND SEC-TREAS/ DIRECTOR FROM 04/2022 12.00 0.00 X X 27611 0 19000 MARK ETHEN VICE CHAIR 16.00 0.00 X X 26056 0 20500 RICHARD BRAASTAD DIRECTOR FROM 04/2022 10.00 0.00 X 31021 0 0 GREG RIDDERBUSCH PRESIDENT/CEO 50.00 0.20 X 830967 0 58762 DON HALLER VP MEMBER SERVICES UNTIL 02/2022 45.00 0.30 X 280190 0 31495 BRIAN BURANDT VP POWER SUPPLY/BUS. DEVELOPMENT 50.00 0.00 X 348072 0 61919 MARK KOPLIN VP TECHNOLOGY 45.00 0.00 X 265234 0 58343 YAN PAUL MARTINEZ VP/CFO 50.00 0.30 X 359052 0 62427 NICK LOEHLEIN VP ELECTRIC OPERATIONS 45.00 0.00 X 259318 0 62449 LINDA MAEGI VP EMPLOYEE SERVICES 50.00 0.00 X 231893 0 58064 ALISON MILES VP MEMBER SERVICES FROM 04/2022 47.00 0.00 X 172345 0 48191 TESSA HAAGENSON DIRECTOR - POWER SUPPLY/BUS DEVELOPMENT 45.00 0.00 X 209786 0 27925 GREG GROENJES DIRECTOR- ELECTRIC OPERATIONS 45.00 0.00 X 193492 0 29838 MICHAEL KENNING LEAD LINEWORKER 50.00 0.00 X 200560 0 48475 MICHAEL RIMOLDE LEAD LINEWORKER 49.00 0.00 X 195783 0 54640 SCOTT JOHNSON CREW LEAD LINEWORKER 52.00 0.00 X 215727 0 58888 4065810 0 735416 117 0 1 0 RP SCHROEDER CONSTRUCTION 18329 263RD AVE NW BIG LAKE MN 55309 CONSTRUCTION SERVICES 4055606 ASPLUNDH TREE EXPERTS LLC 1700 SOLUTIONS CENTER CHICAGO IL 60677 VEGETATION MANAGEMENT 2660855 PARAGON DEVELOPMENT SYSTEMS INC 13400 BISHOPS LN STE 190 BROOKFIELD WI 53005 IT CONSULTING & SUPPLIES 1210073 MICHELS UTILITY SERVICES 817 MAIN ST PO BOX 128 BROWNSVILLE WI 53006 CONSTRUCTION SERVICES 1166693 COMPORT CONSULTING GROUP 78 ORCHARD ST RAMSEY NJ 07446 IT CONSULTING & SUPPLIES 1159843 30 SALE OF ELECTRICITY 221000 259323074 259323074 ALLOCATION OF GRE MARGINS 221000 3789762 3789762 UTILITY SERVICES REVENUE 221000 1217691 1217691 2007701 2007701 266338228 366211 366211 339889 0 339889 339889 339889 160653 386698 19604 -386698 141049 -245649 -245649 EQUITY EARNINGS-FEDERATED ACQUISI 900099 52566 52566 52566 266851245 266390794 0 460451 X 342995 9239832 3566759 17664057 2346282 2944971 1572377 368663 74963 1715855 456901 1505328 2403744 1048112 270885 61810 6597346 13504629 406771 COST OF POWER 188509505 ELECTRIC OPERATIONS 6178176 PROPERTY TAXES 3419860 FLEET/VEHICLE EXPENSE 505971 2145453 266851245 1600 1533 30627978 37673176 4765688 8119371 1357564 1773060 441153895 177285659 254732760 263868236 9706241 9824514 157061153 155414839 941 941 15089611 15301987 473343536 491977657 20862612 26190769 160856226 155991720 9847132 21643035 62044647 67419298 253610617 271244822 X 0 0 0 0 219732919 220732835 219732919 220732835 473343536 491977657 X 0 999916 X 0 1 X 1 0 2179025 2179025 16079958 8223282 7856676 417031426 169062377 247969049 5863486 5863486 263868236 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 155414839 C 155414839 DEFERRED CREDITS 19126715 PAYABLE TO GREAT RIVER ENERGY 24494238 OTHER LIABILITIES 1101861 DEFERRED COMP 2404352 MEMBER DEPOSITS 1834490 ENERGY STORAGE SERVICE AGREEMENT 18457642 67419298 X 260253899 -6597346 -6597346 266851245 0 266851245 251014067 0 251014067 15837178 15837178 266851245 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS INCOME TAX POSITIONS ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND 2021 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE -6,597,346. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2022 MARGINS TO MEMBERS IN 2023 9,239,832. INTEREST EXPENSE 6,597,346. 1 THE CONNEXUS ENERGY FOUNDATION 14601 RAMSEY BLVD NW RAMSEY MN 55303 843918068 501(C)(3) 342995 0 GENERAL DONATION 1 PART I, LINE 2: THE TOTAL AMOUNT OF CONTRIBUTIONS PLANNED FOR A YEAR IS APPROVED BY THE BOARD AS A PART OF OUR ANNUAL FINANCIAL PLANNING PROCESS. INDIVIDUAL CONTRIBUTIONS ARE APPROVED AND SUBSTANTIATED USING OUR NORMAL PAYMENT APPROVAL PROCESS. X X X X 1 1 0 GREG RIDDERBUSCH PRESIDENT/CEO 503569 0 292987 0 34411 0 29450 0 29393 0 889810 0 0 0 YAN PAUL MARTINEZ VP/CFO 301735 0 50220 0 7097 0 28682 0 33826 0 421560 0 0 0 BRIAN BURANDT VP POWER SUPPLY/BUS. DEVELOPMENT 296532 0 45355 0 6185 0 28647 0 33353 0 410072 0 0 0 MARK KOPLIN VP TECHNOLOGY 222035 0 40884 0 2315 0 26833 0 31591 0 323658 0 0 0 NICK LOEHLEIN VP ELECTRIC OPERATIONS 217039 0 40082 0 2197 0 29177 0 33353 0 321848 0 0 0 DON HALLER VP MEMBER SERVICES UNTIL 02/2022 82029 0 41846 0 156315 0 14979 0 16597 0 311766 0 0 0 LINDA MAEGI VP EMPLOYEE SERVICES 195567 0 34622 0 1704 0 23557 0 34588 0 290038 0 0 0 SCOTT JOHNSON CREW LEAD LINEWORKER 204150 0 8573 0 3004 0 25616 0 33353 0 274696 0 0 0 MICHAEL RIMOLDE LEAD LINEWORKER 184888 0 8334 0 2561 0 21905 0 32816 0 250504 0 0 0 MICHAEL KENNING LEAD LINEWORKER 190964 0 7290 0 2306 0 22400 0 26156 0 249116 0 0 0 TESSA HAAGENSON DIRECTOR - POWER SUPPLY/BUS DEVELOPM 195712 0 13285 0 789 0 15481 0 12525 0 237792 0 0 0 GREG GROENJES DIRECTOR- ELECTRIC OPERATIONS 170418 0 19850 0 3224 0 17680 0 12239 0 223411 0 0 0 ALISON MILES VP MEMBER SERVICES FROM 04/2022 158904 0 12599 0 842 0 17056 0 31216 0 220617 0 0 0 PART I, LINES 4A-B DON HALLER RECEIVED A SEVERANCE PAYMENT OF $156,115. THE DEFERRED COMPENSATION PLAN BALANCES ARE PAYABLE ON DEMAND, IN FULL, BUT THE BALANCES ARE SUBJECT TO RISK OF FORFEITURE UNTIL FULLY DISTRIBUTED. CONTRIBUTIONS MADE TO THE DEFERRED COMPENSATION PLAN FOR 2022 WERE AS FOLLOWS: MARK ETHEN $20,500 KEN FIERECK $14,000 DONALD HOLL $20,500 GORDON WESTERLIND $19,200 BRIAN BURANDT $4,402 MARK KOPLIN $20,250 NICK LOEHLEIN $20,500 YAN PAUL MARTINEZ $5,577 GREG RIDDERBUSCH $20,500 FORM 990, PART VI, SECTION A, LINE 2 YAN PAUL MARTINEZ, NICHOLAS LOEHLEIN, AND GREG RIDDERBUSCH ARE ALL OFFICERS OF CONNEXUS ENERGY AND BOARD MEMBERS OF CONNEXUS BLOCKER, LLC. FORM 990, PART VI, SECTION A, LINE 6 CUSTOMERS WHO PURCHASE ELECTRICITY FROM THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE. THERE IS ONLY ONE MEMBER CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY SELL THE PROPERTY OF THE COOPERATIVE UPON SUCH TERMS AND CONDITIONS AS IT DEEMS APPROPRIATE AND IN THE BEST INTEREST OF THE COOPERATIVE. NO SALE OF MORE THAN TWENTY-FIVE (25%) PERCENT OF THE PROPERTY OF THE COOPERATIVE SHALL BE EFFECTIVE, HOWEVER, UNLESS AUTHORIZED AT A REGULAR OR SPECIAL MEETING BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF MEMBERS OF THE COOPERATIVE. FOR THE PURPOSES OF THIS ARTICLE, CONTRACTS TO PURCHASE POWER ARE NOT CONSIDERED PROPERTY. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 INFORMATION RETURN IS DELIVERED TO BOARD MEMBERS A WEEK BEFORE THE BOARD MEETING. IT IS REVIEWED WITH THE ENTIRE BOARD OF DIRECTORS AND SENIOR STAFF AT THE BOARD MEETING, PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS SIGN A CERTIFICATION STATEMENT THAT THEY MEET THE QUALIFICATIONS OF A BOARD MEMBER. THIS CERTIFICATION INCLUDES CONFLICT OF INTEREST LANGUAGE. IF A BOARD MEMBER STATES ON THE CERTIFICATION THAT THERE IS A CONFLICT, THE ENTIRE BOARD WILL REVIEW THE CONFLICT AT THAT TIME. RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT WOULD BE DEPENDENT UPON THE SPECIFIC SITUATION, AND MAY INCLUDE ABSTAINING FROM DISCUSSIONS AND VOTING AND/OR A REQUEST FOR RESIGNATION. ALL EMPLOYEES OF THE COOPERATIVE (INCLUDING OFFICERS) ARE GOVERNED BY A BUSINESS CONDUCT AND ETHICS POLICY WHICH INCLUDES CONFLICT OF INTEREST LANGUAGE. POSSIBLE VIOLATIONS ARE REPORTED TO MANAGEMENT FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON MARKET DATA FOR SIMILAR POSITIONS AT COMPARABLE COMPANIES. A MARKET STUDY WAS COMPLETED FOR THE CEO IN 2022 AND FOR THE OTHER COOPERATIVE OFFICERS IN 2022. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE PREVIOUS 5 YEARS ARE AVAILABLE ON OUR WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. 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. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -8,239,916. ALLOCATION OF 2022 MARGINS TO MEMBERS IN 2023 9,239,832. THE CONNEXUS ENERGY FOUNDATION 14601 RAMSEY BLVD RAMSEY MN 55303 843918068 GRANT MAKING MN 501(C)(3) PF CONNEXUS ENERGY 1 CONNEXUS COMMUNITY SOLAR 1 LLC 14601 RAMSEY BLVD RAMSEY MN 55303 352505435 SOLAR ENERGY INVESTMENT MN N/A 0 1 CONNEXUS BLOCKER LLC 14601 RAMSEY BLVD RAMSEY MN 55303 465423665 HOLDING COMPANY FOR SOLAR ENERGY INVESTMENTS MN CONNEXUS ENERGY C 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 THE CONNEXUS ENERGY FOUNDATION B 342995 CASH FORM 990, SCHEDULE R, PART III CONNEXUS COMMUNITY SOLAR 1 DISSOLVED IN 2022. FORM 990, SCHEDULE R, PART IV CONNEXUS BLOCKER LLC DISSOLVED IN 2022.