2022-08-12T11:13:20-05:00 2021-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2021-01-01 420396598 CONSUMERS ENERGY CONS 6417521593 2074 242ND ST MARSHALLTOWN IA 50158 BRIDGET ITZEN CEO/GENERAL MANAGER 6417521593 2022-08-05 1 BRIDGET ITZEN XXX-XX-XXXX LAURIE HANSON CPA P00851848 6053391999 2022-08-05 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRIDGET ITZEN 2074 242ND ST MARSHALLTOWN IA 50158 21059140 0 X WWW.CONSUMERSENERGY.COOP X 1938 IA SAFELY PROVIDING MEMBERS WITH RELIABLE ELECTRIC ENERGY SERVICE AT AFFORDABLE AND EQUITABLE RATES. 9 9 29 0 54809 0 0 0 20487875 20885849 29640 26066 -43061 -17801 20474454 20894114 350 608 1422682 1889746 3059841 2793083 0 0 0 14887581 15700677 19370454 20384114 1104000 510000 52459012 55017115 26956091 27924173 25502921 27092942 CONSUMERS ENERGY'S MISSION IS TO PROVIDE OUR MEMBERS WITH RELIABLE ELECTRIC SERVICE IN A SAFE MANNER AT AFFORDABLE AND EQUITABLE RATES. 0 0 THE COOPERATIVE PROVIDED ELECTRIC SERVICE TO A TOTAL OF 6,098 MEMBERS. 0 0 0 0 0 0 0 1 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 0 0 0 1 16 0 1 29 1 1 1 0 0 0 0 20366545 230068 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X BRIDGET ITZEN 6417521593 2074 242ND STREET MARSHALLTOWN IA 50158 X BILL HOBSON PRESIDENT 4.00 X X 5063 0 0 PAT VONAHNEN SECRETARY/TREASURER 5.00 X X 5800 0 0 DENNY BECKMAN VICE PRESIDENT 9.00 X X 7487 0 0 ARDEN GREINER DIRECTOR 4.00 X 3456 0 0 TONY LEM DIRECTOR 4.00 X 4425 0 0 ROBERT MEIMANN ASST. SECRETARY/TREASURER 3.00 X X 4363 0 0 CRAIG GRIFFIEON DIRECTOR 2.00 X 3200 0 0 STEVE QUICK DIRECTOR 3.00 X 3300 0 0 JOHN RIPLEY DIRECTOR (LEFT 08/21) 2.00 X 1800 0 0 JENNIFER SEASE DIRECTOR (BEGAN 09/21) 2.00 X 1150 0 0 KEVIN PETERSON COO/OPERATIONS MANAGER 55.00 X 139280 0 97810 BRIDGET ITZEN CEO/GENERAL MANAGER 55.00 X 145804 0 50408 ELLIOT MAYLAND AREA SUPERVISOR 40.00 X 105321 0 66315 STEVE ARMSTRONG AREA SUPERVISOR 40.00 X 106601 0 74944 RICK DOLASH ASSISTANT AREA SUPERVISOR 40.00 X 103779 0 55135 640829 0 344612 5 0 1 0 LEGACY POWER LINE INC 12822 US-10 WADENA MN 56482 ELECTRICAL CONTRACTOR 688423 TRENCHLESS SOLUTIONS IOWA 2700 GRAHAM STREET AMES IA 50010 BORING CONTRACTOR 288775 BOLAR & GILL TREE SERVICE 208 HELM ST MARSHALLTOWN IA 50158 TREE CONTRACTOR 265165 BECKSTROM CONSTRUCTION INC 5499 NE 14TH ST DES MOINES IA 50313 ELECTRICAL CONTRACTOR 124400 NATIONAL INFORMATION SOLUTIONS COOPERATI 8801 PRAIRIE VIEW LANE SW CEDAR RAPIDS IA 52404 SOFTWARE VENDOR 119734 5 SALE OF POWER 221000 20065039 20065039 COOP CAPITAL CREDITS 221000 738837 738751 86 OTHER NON-OPERATING 531390 81973 27250 54723 20885849 26066 26066 147225 165026 -17801 -17801 20894114 20813239 54809 26066 608 1889746 431274 1778674 424571 158564 1118345 1841095 COST OF POWER 11016614 DISTRIBUTION-MAINTENANC 1459897 ADMIN & GENERAL 1308194 DISTRIBUTION-OPERATIONS 848850 -1892318 20384114 4086782 3840563 2178615 2154514 1036230 1615727 1678443 2010706 1137856 212073 59392589 23111412 33450818 36281177 8757104 8797042 133164 105313 52459012 55017115 2265462 2215516 2114 1481 23044398 23553053 500000 1644117 1654123 26956091 27924173 X 0 0 0 0 25502921 27092942 25502921 27092942 52459012 55017115 X 510000 1080021 X 0 1 X 1 0 0 1 X 249098 249098 2579023 1857867 721156 56362900 21253545 35109355 201568 201568 36281177 CENTRAL IOWA POWER COOPERATIVE 6520380 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1758412 C FEDERATED RURAL ELECTRIC INSURANCE 177279 C RURAL ELECTRIC SUPPLY COOPERATIVE 61226 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 135648 C NATIONAL INFORMATION SERVICE COOPERATIVE 83814 C OTHER INVESTMENTS 60283 C 8797042 CUSTOMER DEPOSITS 1605899 DEFERRED CREDITS 48224 1654123 X 20894114 0 20894114 0 20894114 18494368 0 18494368 1889746 1889746 20384114 PART IV, LINE 2B: OPERATION ROUNDUP FUND BALANCE PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2021 AND 2020, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,889,746. X X 0 0 0 KEVIN PETERSON COO/OPERATIONS MANAGER 126705 0 2896 0 9679 0 78872 0 20077 0 238229 0 0 0 BRIDGET ITZEN CEO/GENERAL MANAGER 139642 0 5396 0 766 0 37605 0 13941 0 197350 0 0 0 STEVE ARMSTRONG AREA SUPERVISOR 101576 0 396 0 4629 0 58278 0 17480 0 182359 0 0 0 ELLIOT MAYLAND AREA SUPERVISOR 104768 0 396 0 157 0 43546 0 23583 0 172450 0 0 0 RICK DOLASH ASSISTANT AREA SUPERVISOR 99430 0 396 0 3953 0 46067 0 9836 0 159682 0 0 0 FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN OF $34,429 FOR BRIDGET ITZEN, $75,822 FOR KEVIN PETERSON, $41,105 FOR ELLIOT MAYLAND, $55,898 FOR STEVE ARMSTRONG, AND $43,767 FOR RICK DOLASH. ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $33,659 FOR BRIDGET ITZEN, $32,243 FOR KEVIN PETERSON, $25,396 FOR ELLIOT MAYLAND, $24,701 FOR STEVE ARMSTRONG, AND $23,794 FOR RICK DOLASH. FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HOLDS A MEMBERSHIP OF THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ARTICLES OF INCORPORATION WILL REQUIRE A VOTE FROM THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEY CAN ONLY BRING RECOMMENDATIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS AT THE BOARD MEETING PRIOR TO BEING FILED WITH THE IRS. EACH DIRECTOR WILL RECEIVE A COPY OF THE FORM 990. THE CEO/GENERAL MANAGER WILL CONDUCT THE REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE COMPLETED BY DIRECTORS AND OFFICERS. ONCE COMPLETED, THE STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS. THE FULL BOARD DETERMINES IF A CONFLICT OF INTEREST EXISTS. IF THERE IS A CONFLICT OF INTEREST, THE AFFECTED PARTY MUST ABSTAIN FROM DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. OTHER OFFICERS ARE SUBJECT TO THE COMPENSATION PLAN OF CONSUMERS ENERGY WHICH INCLUDES MARKET ANALYSIS OF JOB POSITIONS. THE BOARD OF DIRECTORS HAVE A POLICY IN PLACE REGARDING PER DIEM AND EXPENSE REIMBURSEMENTS, WHICH INCLUDES PERIODIC MARKET ANALYSIS OF STATE WIDE COOPERATIVE PER DIEMS. THE PROCESS IS UNDERTAKEN ANNUALLY. THE BOARD OF DIRECTORS, WITH INPUT FROM THE GENERAL MANAGER, DETERMINES THE AMOUNT OF ANNUAL INCREASES FOR ALL EMPLOYEES. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER, OPERATIONS MANAGER, AND AREA SUPERVISORS. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990 PART VII THE CEO/GENERAL MANAGER ACTS AS CFO FOR THE ORGANIZATION. FORM 990, PART XI, LINE 9: PATRONAGE RETIRED -965,930. ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,889,746. DONATED CAPITAL - FORFEITED PATRONAGE 156,205. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. 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. CONSUMERS DEVELOPMENT LLC 2074 242ND STREET MARSHALLTOWN IA 50158 680591841 DEVELOPING COMMERCIAL PROPERTY IA 22983 149208 CONSUMERS ENERGY