2022-04-28T13:03:47-07:00 2021-12-31 990 2021-01-01 930389023 MIDSTATE ELECTRIC COOPERATIVE INC MIDS 5415362126 P O Box 127 La Pine OR 97739 James Anderson General Manager 5415362126 2022-04-28 1 11 0 AAL2 X 2021 2022-09-23 18:48:47Z James Anderson P O Box 127 La Pine OR 97739 36643813 0 X www.midstateelectric.coop X 1948 OR Delivering and selling electricity to the members of the Cooperative 9 7 67 0 17850 16782 0 0 35170677 36180865 203492 279643 47656 183305 35421825 36643813 0 0 2585945 3183127 6716847 6760448 0 0 0 26119033 26700238 35421825 36643813 0 0 70196626 76704845 38963624 43068885 31233002 33635960 Midstate Electric Cooperative provides cost-effective reliable utility services to its members. 0 0 Distribution of electricity to members: 17,233 members BPA Weatherization Programs:45 jobs completed 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 67 1 1 1 0 0 0 0 36180865 462948 0 0 0 X 9 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Jami Steinhauer 5415362126 16755 Finley Butte Rd La Pine OR 97739 Jami Steinhauer Chief Financial Officer 45 X 151225 0 121761 David W Schneider General Manager 50 X X 226807 0 40037 Mike Hess Working Foreman 45 X 146096 0 105556 Pat Barker Working Foreman Area Coordinator 47 X 179822 0 70511 Tom Weller Engineering Manager 45 X 152332 0 92460 Landon Carter Working Foreman 45 X 141763 0 90804 Gary Logsdon Meter Technician 43 X 127025 0 95633 James Anderson General Manager 50 X 108193 0 66729 Edward Ratterman Operations Manager 45 X X 123020 0 51833 Tanna King Secretary / Treasurer 5 X X 37649 0 0 Victor Russell Chairman 4 X X 34982 0 0 Gordon DeArmond Director 5 X 34658 0 0 Alan Parks Director 4 X 32927 0 0 Richard Luebke Vice Chairman 7 X X 31250 0 0 Dan Jansen Director 5 X 24163 0 0 Ron Sommerfeldt Director 3 X 21249 0 0 Donovan Kendall Director 2 X 19729 0 0 Ron Cass Director 2 0 X 13380 0 0 Robert Reed Director 3 X X 11868 0 0 1618138 0 735324 24 1 1 0 Christenson Electric Inc 17201 NE Sacramento St Portland OR 97230 Line Construction 1806704 Direct Drilling Inc 9120 Double Diamond Pkwy Suite 6073 Reno NV 89521 Drilling 968325 Jensen's Tree Service Inc P O box 500 Glendale OR 97442 Tree Trimming 761001 Estrada Consultants LLC P O Box 1239 Redmond OR 97756 Utility Inspection 226226 David Evans And Associates Inc Dept LA 24340 Pasadena CA 91185 Engineering 179929 7 0 Electric Sales 221000 36163015 36163015 0 0 Dark Fiber Leasing 221000 17850 0 17850 0 0 0 0 0 36180865 279643 0 0 279643 0 0 0 0 0 0 0 0 54048 0 0 0 54048 0 54048 54048 0 0 0 0 Gain on Disposition of Property 221000 129257 129257 0 0 0 0 0 0 129257 36643813 36346320 17850 279643 3183127 755174 3212395 1021758 1290351 480770 84701 71563 22000 62284 568266 164409 383461 68276 172898 1205665 3295564 215726 Purchased Power 17182364 Taxes 835122 2367939 36643813 0 0 0 554850 506664 52744 52784 4112663 3933722 0 0 0 0 0 0 987331 1458349 2186160 2026361 132452592 66267783 59913612 66184809 2389266 2542156 70196626 76704845 2825207 4848633 30426991 33677551 5711426 4542701 38963624 43068885 X 0 0 3495810 4552500 27737192 29083460 31233002 33635960 70196626 76704845 X 0 0 0 0 0 2402958 X 0 1 1 0 3000 0 0 0 0 1 Oregon Action Committee for Rural Electrification 8565 SW Sallish Lane Suite 130 Wilsonville OR 97070 930593238 3000 0 Schedule C, Part I-A, Line 1 The Cooperative makes a corporate contribution to Oregon Action Committee for Rural Electrification. 332659 0 332659 8633290 0 3427045 5206245 0 0 0 0 9698481 0 7517938 2180543 113788162 0 55322800 58465362 66184809 0 Post Retirement Benefit Obligation 976446 Consumer Deposits 445556 Accrued Taxes 823687 Patronage Capital Payable 1541818 Accrued Vacation and Sick Leave 557119 Other Current Liabilities 198075 4542701 X 36643813 0 0 0 0 0 36643813 0 0 0 36643813 33460686 0 0 0 0 0 33460686 0 3183127 3183127 36643813 Schedule D, Part X, Line 2 The Cooperative adopted Accounting Standards Codification (ASC) 740-10, relating to accounting for uncertain tax positions. The Cooperative does not have any uncertain tax liabilities. Schedule D, Part XII, Line 4b The audited financial statements have included some expenses that were netted against related items therefore reducing the expense amount. The audited financial statements also recognized net margins not as an expense as reported on the Form 990. X 0 0 0 David W Schneider General Manager 170632 0 16135 0 40040 0 6844 0 35063 0 268714 0 0 Pat Barker Working Foreman Area Coordinator 169300 0 7541 0 2981 0 40348 0 31939 0 252109 0 0 0 Jami Steinhauer Chief Financial Officer 147131 0 0 0 4094 0 114561 0 9259 0 275045 0 0 0 Tom Weller Engineering Manager 141484 0 8196 0 2652 0 61297 0 33098 0 246727 0 0 0 Landon Carter Working Foreman 139758 0 0 0 2005 0 49716 0 42863 0 234342 0 0 0 Mike Hess Working Foreman 136843 0 7541 0 1712 0 62533 0 44799 0 253428 0 0 0 Edward Ratterman Operations Manager 121035 0 0 0 1984 0 34238 0 18353 0 175610 0 0 0 Gary Logsdon Meter Technician 106567 0 5394 0 15064 0 64270 0 32842 0 224137 0 0 0 James Anderson General Manager 106538 0 0 0 1655 0 48803 0 19340 0 176336 0 0 0 Form 990, Part VI, Section A, Line 2 2 of our Officers have a business relationship. Form 990, Part VI, Section A, Line 6 Any person, firm, association, corporation or body politic which uses electric energy and to whom the Cooperative's electric service is then available, shall be eligible for membership to the Cooperative, subject to acceptance for membership as provided by our Bylaws. Form 990, Part VI, Section A, Line 7a Each member of the Cooperative shall be entitled to one vote to elect Directors, make changes to the Cooperatives Articles of Incorporations or Bylaws and any other action that takes approval of the general membership. Form 990, Part VI, Section A, Line 7b Each member of the Cooperative shall be entitled to one vote to elect Directors, make changes to the Cooperatives Articles of Incorporation or Bylaws and any other action that takes approval of the general membership. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the CFO and reviewed by the retained Attorney and periodically reviewed by an independent auditing firm. The Form 990 is reviewed by the governing body at a regular board meeting prior to the filing of the form. Form 990, Part VI, Section B, Line 12c Each year the Board of Directors are given a questionnaire to identify possible conflicts of interest and relationships with family. Management of the Cooperative reviews contracts and transactions as part of the regular course of business to identify conflicts of interest. Form 990, Part VI, Section B, Line 15 The Board of Directors review the General Manager's performance and the salary is based on this performance review. Other Cooperative's Form 990's and compensation survey's are reviewed as a comparison tool. All 9 Board members and the retained Attorney are on the review committee. The General Manager uses a comparative salary model that looks at salaries for the industry and the area served by the organization for non-union employees. Salaries in part, are based on a scale provided by this model. Form 990, Part VI, Section C, Line 19 The Cooperative gives Bylaws to new members and any existing member that makes a request. The financial statements are mailed to all members and to any member that requests them. Policies are given to members upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances is the current years margins of $3,183,127 plus other changes in equity of $1,056,690 less patronage capital retirements of $1,836,859.