2022-07-06T15:51:49-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 390212464 CLARK ELECTRIC COOPERATIVE CLAR 7152676188 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 HERMAN SEEBANDT BOARD PRESIDENT 7152676188 2022-06-22 1 HERMAN SEEBANDT 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-06-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z HERMAN SEEBANDT 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 23887890 0 X WWW.CECOOP.COM X 1937 WI PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 7 7 27 0 0 0 0 0 23225020 23000865 97948 34278 632801 827780 23955769 23862923 0 0 1851909 2273956 344027 342057 0 0 0 21573499 21403012 23769435 24019025 186334 -156102 56563291 58158320 18464102 18864776 38099189 39293544 PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 0 0 THE COOPERATIVE SOLD 201,477,154 KWH OF ELECTRICITY TO 9,496 MEMBERS DURING 2021. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 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 10 0 27 1 0 0 0 0 0 23369689 921517 0 0 0 X 7 7 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X AMBER REDDY 7152676188 1209 W DALL-BERG ROAD GREENWOOD WI 54437 MARVIN VERKUILEN DIRECTOR 4.02 0.00 X 7175 0 0 HERMAN SEEBANDT PRESIDENT 7.65 0.00 X X 6440 0 0 ALLEN JICINSKY VICE-PRESIDENT 5.27 0.00 X X 8179 0 0 JAMES HAGER DIRECTOR 2.90 0.00 X 6125 0 0 CHARLES LINDER SECRETARY/TREASURER 4.54 0.00 X X 7000 0 0 SCOTT JOHNSON DIRECTOR 3.65 0.00 X 6685 0 0 THOMAS ODEEN DIRECTOR 3.90 0.00 X 7350 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 50.00 2.00 X 210053 0 83050 MICHAEL A RUFF DIRECTOR OF OPERATIONS 50.00 0.00 X 123393 0 61583 KENT WEIGEL LINE SUPERINTENDENT 50.00 0.00 X 103463 0 55321 JARED JENSEN LINEMAN 41.54 0.00 X 107301 0 28244 CHAD STEFFEN LINEMAN 42.57 0.00 X 103043 0 28251 696207 0 256449 9 0 1 0 ZIELIE'S TREE SERVICE PO BOX 307 BRUCE WI 54819 TREE CLEARING 255594 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT AND BILLING SERVICES 197680 NEW AGE TREE SERVICE PO BOX 543 SPRING GROVE MN 55974 TREE CLEARING 101467 3 SALE OF POWER 221000 23000865 23000865 23000865 34278 34278 241 -241 -241 -241 23097 24726 -1629 -1629 CAPITAL CREDITS 221000 737223 737223 MISCELLANEOUS 221000 92427 92427 829650 23862923 23828886 0 34037 2273956 342057 414192 1773029 COST OF POWER 15047473 DIST EXP - MAINTENANCE 1594024 DIST EXP - OPERATIONS 1182355 ADMIN & GENERAL EXP 508242 883697 24019025 581841 652235 1149476 1086083 2157233 2035831 194557 93262 416862 487308 132717 150158 52969864 16249458 35596587 36720406 2015317 2018097 3276882 3302293 10726031 11431604 315788 181043 56563291 58158320 2175743 2455454 14982298 15284061 1306061 1125261 18464102 18864776 X 0 0 0 0 38099189 39293544 38099189 39293544 56563291 58158320 X -156102 1350457 X 0 1 X 1 0 107539 107539 5518871 5518871 4779509 4493886 285623 42563945 11755572 30808373 36720406 3302293 C 3302293 DAIRYLAND POWER COOPERATIVE 10151523 C NRUCFC - PATRONAGE CAPITAL 103157 C NRUCFC - CAPITAL TERM CERTIFICATES 417278 C FEDERATED RURAL INSURANCE EXCHANGE - PATRONAGE CAPITAL 196549 C OTHER PATRONAGE CAPITAL 250508 C OTHER PROGRAM RELATED 312589 C 11431604 CONSUMER DEPOSITS 118570 CAPITAL CREDITS PAYABLE 1006691 1125261 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, 2021. X X X 0 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 210053 0 0 0 0 0 54103 0 28947 0 293103 0 0 0 MICHAEL A RUFF DIRECTOR OF OPERATIONS 123393 0 0 0 0 0 32576 0 29007 0 184976 0 0 0 KENT WEIGEL LINE SUPERINTENDENT 103463 0 0 0 0 0 27997 0 27324 0 158784 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 CANDIDATES FOR DIRECTORS SHALL NOW BE NOMINATED EXCLUSIVELY BY PETITION OF NO LESS THAN 10 MEMBERS. WHERE THERE IS MORE THAN ONE NOMINEE, ELECTION IS DONE BY MAIL IN BALLOT OR IN PERSON BALLOT. 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 WAS PROVIDED WITH A COPY OF THE FORM 990, PRIOR TO FILING. THE DIRECTORS APPROVED 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 MAY 2021, 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 COMPARED 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 APRIL 2021. 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 2021. THIS IS ALL DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES. 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 -1,145,359. EQUITY EARNINGS 156,101. CHANGES IN OTHER EQUITY 65,759. PATRONAGE DIVIDENDS PAID 2,273,956. 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 111 E MILLER GREENWOOD WI 54437 391785423 SALE OF APPLIANCES AND SATELLITE SERVICES WI CLARK ELECTRIC COOP C 156101 3576371 1.00000 1 1 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 CLARK ELECTRIC APPLIANCE & SATELLITE A 12000 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE F 150000 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE J 18000 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE O 53141 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE Q 22400 ACTUAL AMOUNT