2023-10-31T08:13:22-05:00 2022-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2022-01-01 410208552 CROW WING COOPERATIVE POWER & LIGHT CO CROW 2188292827 PO BOX 507 HIGHWAY 371 NORTH BRAINERD MN 56401 BRUCE KRAEMER CEO 2188292827 2023-10-19 1 BRUCE KRAEMER 999009999 0 DAVID HOLT P00014251 7017754685 2023-10-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRUCE KRAEMER PO BOX 507 HIGHWAY 371 NORTH BRAINERD MN 56401 91956991 0 X WWW.CWPOWER.COM X 1937 MN PROVIDE ELECTRICAL SERVICES TO COOPERATIVE MEMBERS 9 9 101 0 63749 57148 0 0 76641005 85923100 472296 276524 2318142 5298524 79431443 91498148 0 0 8979897 9003082 826503 873367 0 0 0 71918896 80047169 81725296 89923618 -2293853 1574530 238884299 244245271 146982720 146853720 91901579 97391551 TO PROVIDE ELECTRICAL SERVICES TO OVER 40,023 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD. 0 0 TO PROVIDE ELECTRICAL SERVICES TO 40,023 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD. 0 0 0 0 0 0 0 0 0 1 0 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 1 1 1 1 0 1 41 0 1 101 1 1 1 0 0 0 0 85197928 1905999 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SUSANNAH JENSEN 2188292827 PO BOX 507 HIGHWAY 371 NORTH BRAINERD MN 56401 BRYAN MCCULLOCH DIRECTOR 9.50 X 12352 0 0 RICHARD LARSON DIRECTOR 9.00 X 11847 0 0 DORIS MEZZENGA SECRETARY (THROUGH JUNE 2022) 8.00 X 5052 0 0 GERTRUDE ROGGENKAMP DIRECTOR 9.50 X 12090 0 0 ROBERT KANGAS PRESIDENT 10.50 X 13301 0 0 MARK RONNEI DIRECTOR (STARTED JUNE 2022) 10.00 X 7741 0 0 LUANN NELSON TREASURER 9.00 X 11773 0 0 PAUL KOERING DIRECTOR 9.00 X 11532 0 0 DWIGHT THIESSE VICE PRESIDENT 8.50 X 11333 0 0 GORDON MARTIN DIRECTOR (THROUGH JUNE 2022) 8.00 X 5269 0 0 GILES RADTKE SECRETARY (STARTED JUNE 2022) 10.50 X 8026 0 0 BRUCE KRAEMER CHIEF EXECUTIVE OFFICER 40.00 X 316998 0 31245 SUSANNAH JENSEN CHIEF FINANCIAL OFFICER 40.00 X 152700 0 34945 ERIC QUALE CHIEF OPERATING OFFICER 40.00 X 187448 0 36307 CHARLENE KINZER PUBLIC RELATIONS MANAGER 40.00 X 165435 0 20691 JAKE DEHNE CREW FOREMAN 56.37 X 142271 0 30299 DAVE ETHEN CREW FOREMAN 55.62 X 138150 0 30299 GAGE WATTENHOFER MANAGER OF MAINTENANCE AND CONSTRUCTION 40.00 X 145752 0 18834 TIM ALLEN CREW FOREMAN 61.89 X 183370 0 16631 1542440 0 219251 48 0 1 0 NEW AGE TREE SERVICE PO BOX 543 SPRING GROVE MN 55974 RIGHT OF WAY CLEARING 1082135 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT 560885 GULBRANSON EXCAVATING CO 4770 DFFERDING POINT RD EVELETH MN 55734 INSTALLATION OF UNDERGROUND CABLE 288760 HIGHLINE CONSTRUCTION 16124 OLD LAKE RD PAYNESVILLE MN 56362 STORM ASSISTANCE 251382 ELITE UNDERGROUND INC 10719 TAMARACK LAKE RD N BRAINERD MN 56401 LINE CONSTRUCTION 232729 11 ELECTRIC SERVICE 221000 85923100 85923100 85923100 275140 275140 116719 54602 62117 62117 62117 1384 0 1384 1384 1384 385640 404241 -18601 -18601 CAPITAL CREDITS 900099 4756899 4756899 POLE RENTAL 900099 496477 496477 OTHER NONOPERATING REVENUE 900099 1632 1632 5255008 91498148 90662782 63749 771617 X 9003082 873367 2623585 6811113 COST OF POWER 56382462 DISTRIBUTION EXPENSE 7574577 GENERAL AND ADMINISTRAT 3947181 CONSUMER ACCOUNTS 1328832 1379419 89923618 1027820 959731 11246517 6826657 10496032 11595110 3417678 4794032 1316828 659241 245877401 84078140 157399465 161799261 53892707 57516608 87252 94631 238884299 244245271 12516515 10494192 123795553 126921149 10670652 9438379 146982720 146853720 X 0 0 0 0 91901579 97391551 91901579 97391551 238884299 244245271 X 1574530 3915442 X X 0 1 X 1 0 998492 998492 9799225 7126642 2672583 232195220 76951498 155243722 2884464 2884464 161799261 INVESTMENT IN ASSOCIATED COMPANIES 54292124 C MISCELLANEOUS OTHER INVESTMENTS 774266 C INVESTMENT IN CAPITAL TERM CERTIFICATES 2450218 C 57516608 OTHER DEFERRED CREDITS 8040398 DEPOSITS 1059673 DEFERRED COMPENSATION 338308 9438379 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVES 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 COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. X X X 0 0 0 BRUCE KRAEMER CHIEF EXECUTIVE OFFICER 305598 0 0 0 11400 0 23977 0 8694 0 349669 0 0 0 ERIC QUALE CHIEF OPERATING OFFICER 182568 0 0 0 4880 0 14188 0 23153 0 224789 0 0 0 TIM ALLEN CREW FOREMAN 183370 0 0 0 0 0 9793 0 7535 0 200698 0 0 0 SUSANNAH JENSEN CHIEF FINANCIAL OFFICER 152700 0 0 0 0 0 12826 0 23067 0 188593 0 0 0 CHARLENE KINZER PUBLIC RELATIONS MANAGER 165435 0 0 0 0 0 13425 0 8187 0 187047 0 0 0 JAKE DEHNE CREW FOREMAN 142271 0 0 0 0 0 9481 0 21496 0 173248 0 0 0 DAVE ETHEN CREW FOREMAN 138150 0 0 0 0 0 9481 0 21496 0 169127 0 0 0 GAGE WATTENHOFER MANAGER OF MAINTENANCE AND CONSTRUCT 145752 0 0 0 0 0 11568 0 8074 0 165394 0 0 0 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. THE MEMBERSHIP OF THE COOPERATIVE ALSO VOTES FOR ANY CHANGES TO THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER OF THE COOPERATIVE IS ALLOWED ONE VOTE ON BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE CFO PROVIDES EACH DIRECTOR WITH A COPY OF THE PROPOSED FORM 990 PRIOR TO ITS FILING WITH THE IRS. THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY. THEIR LEGAL COUNSEL COVERS THE POLICY ON A REGULAR BASIS WITH BOTH DIRECTORS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO. THE BOARD HAS A COMPENSATION COMMITTEE TO DETERMINE THE CEO'S SALARY WHICH IS THEN APPROVED BY THE FULL BOARD. THE CEO DETERMINES OFFICER'S PAY. COMPENSATION IS COMPARED TO THE NATIONAL AVERAGES USING 'NRECA COMPENSATE'. FORM 990, PART VI, SECTION C, LINE 18 IN ADDITION TO BEING AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST, OUR 990 AND RELATED SCHEDULES D, J, O, AND R ARE AVAILABLE TO MEMBERS THROUGH SMARTHUB, WHICH IS A HIGHLY-UTILIZED ACCOUNT MANAGEMENT WEBSITE AVAILABLE TO ALL COOPERATIVE MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 BY-LAWS ARE SENT TO ALL NEW MEMBERS THROUGH TRADITIONAL MAIL OR THROUGH A LINK IN AN EMAIL. ANY BY-LAWS CHANGES ARE MAILED TO THE COOPERATIVE'S MEMBERSHIP. MEMBERS CAN ALSO REQUEST A COPY OF THE BY-LAWS. THE ARTICLES OF INCORPORATION AND BYLAWS ARE ALSO PUBLISHED ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE SENT OUT ANNUALLY IN THE COOPERATIVE'S ANNUAL REPORT TO THE MEMBERSHIP. 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: LOSS FROM TAXABLE SUBSIDIARIES -42,431. RETIREMENT OF CAPITAL CREDITS -5,045,209. ALLOCATED CAPITAL CREDITS 9,003,082. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS MEETS MONTHLY TO REVIEW FINANCIALS AND GAIN A MORE IN-DEPTH UNDERSTANDING OF THE COOPERATIVE'S FINANCIAL HEALTH. THE BOARD, AS A WHOLE, IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. HUNT ENTERPRISES LLC 203 22ND AVENUE WEST ALEXANDRIA MN 56308 411987931 INVESTMENT COMPANY MN COOPERATIVE HOLDING COMPANY COOPERATIVE MINERAL RESOURCE LLC PO BOX 507 BRAINERD MN 56401 264027746 MANGANESE MINING MN HUNT ENTERPRISES LLC CROW WING POWER COMMUNITY TRUST PO BOX 507 BRAINERD MN 56401 411849237 COMMUNITY TRUST MN 501(C)(3) 8 N/A 0 CROW WING POWER CREDIT UNION PO BOX 962 BRAINERD MN 56401 411929474 PROVIDING LOAN AND SAVINGS SERVICES MN 501(C)(14) N/A 0 PEOPLES SECURITY COMPANY INC PO BOX 467 BRAINERD MN 56401 411626123 SALES, INSTALLATION AND MONITORING OF SECURITY SYSTEMS MN COOPERATIVE HOLDING COMPANY INC C 1312930 1012406 1.00000 1 COOPERATIVE HOLDING COMPANY INC PO BOX 507 BRAINERD MN 56401 261752891 HOLDING COMPANY FOR CROW WING SUBSIDIARIES MN CROW WING COOPERATIVE POWER & LIGHT CO C 1315652 11941937 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 PEOPLES SECURITY COMPANY INC A 116719 RENTS RECEIVED CROW WING POWER COMMUNITY TRUST R 236097 TRANSFERED TO TRUST PART I: COOPERATIVE MINERAL RESOURCES, LLC IS A DISREGARDED ENTITY OF HUNT ENTERPRISES, LLC, AND HUNT ENTERPRISES IS A DISREGARDED ENTITY OF COOPERATIVE HOLDING COMPANY, INC WHICH IS A C CORPORATION. ACCORDINGLY, THE ASSETS AND INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF COOPERATIVE HOLDING COMPANY. AS NONE OF THE ASSETS OR INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF CROW WING COOPERATIVE POWER & LIGHT CO, THERE ARE NO INCOME OR ASSETS TO REPORT PER THE IRS INSTRUCTIONS. PART IV: COOPERATIVE HOLDING COMPANY, INC OWNS 100% OF PEOPLES SECURITY COMPANY, INC AND FILES A CONSOLIDATED TAX RETURN WITH PEOPLES SECURITY. THE AMOUNTS REPORTED IN PART IV FOR INCOME AND ASSETS FOR COOPERATIVE HOLDING ARE THE CONSOLIDATED AMOUNTS AFTER ELIMINATIONS REPORTED ON ITS FORM 1120. THE AMOUNTS REPORTED FOR INCOME AND ASSETS FOR PEOPLES SECURITY ARE INCLUDED WITHIN THE CONSOLIDATED TOTALS REPORTED FOR COOPERATIVE HOLDING. CROW WING COOPERATIVE POWER & LIGHT CO OWNS 100% OF COOPERATIVE HOLDING COMPANY.