2022-11-07T11:32:33-06:00 2021-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 1297 BISMARCK ND 585021297 990 2021-01-01 450173086 NORTH CENTRAL ELECTRIC COOPERATIVE INC NORT 7012282202 538 11TH ST W 1 BOTTINEAU ND 58318 JONATHAN BEYER GENERAL MANAGER 7012282202 2022-08-29 1 JONATHAN BEYER 999009999 LANCE RAMBOUSEK P01212867 7012231717 2022-08-29 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JESSE FAHNESTOCK 538 11TH ST W 1 BOTTINEAU ND 58318 24982790 0 X WWW.NCECI.COM X 1941 ND THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE ELECTRICITY TO MEMBERS. 8 8 37 0 0 0 0 0 24629393 24317482 61878 83432 -34265 -19239 24657006 24381675 0 0 1722527 1369500 4870471 4664481 0 0 0 18064008 18347694 24657006 24381675 0 0 88295019 91530446 58632749 59838297 29662270 31692149 NONE 0 0 SALE OF ELECTRICITY AND ELECTRICAL SERVICES TO OVER 4,700 RESIDENTIAL AND COMMERCIAL MEMBERS. SERVICE ENCOMPASSES OVER 3,300 MILES OF UTILITY LINE. 0 0 0 0 0 0 0 1 0 1 0 1 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 1 0 0 1 27 0 1 37 1 0 0 0 0 0 0 0 23500839 1481950 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X SARAH DAWSON 7012282202 538 11TH ST WEST STE 1 BOTTINEAU ND 58318 X JESSE FAHNESTOCK PRESIDENT 10.00 X X 13816 0 0 JEAN R BRANDT VICE PRESIDENT 3.00 X X 11616 0 0 LORI M KITTLESON SECRETARY/TREASURER 4.00 X X 13216 0 0 DEVIN TOLSTAD SECRETARY/TREASURER ASSIST 3.00 X X 10816 0 0 BRADLEY AHO TERM 122021 DIRECTOR 3.00 X 7216 0 0 JOEL BRANDVOLD DIRECTOR 3.00 X 13966 0 0 R JAY PAUL DIRECTOR 3.00 X 8716 0 0 DAVID O'CONNELL TERM 62021 DIRECTOR 3.00 X 8454 0 0 STUART ROTHE DIRECTOR 3.00 X 10216 0 0 JOHN GUNNING EFF 62021 DIRECTOR 3.00 X 5808 0 0 WAYNE MARTIAN TERM 621 GENERAL MANAGER 50.00 X 219949 0 36612 SARAH DAWSON BUSINESS MANAGER 50.00 X 121654 0 55426 JONATHAN BEYER EFF 621 GENERAL MANAGER 40.00 X 157757 0 81443 WILLIAM SADOWSKY ASST ENGINEERING & OPERATIONS MANAGER 40.00 X 108622 0 23941 PETE ERICKSON MEMBER SERVICE MANAGER 40.00 X 121814 0 24155 TERRANCE MORIN LINE CREW FOREMAN 40.00 X 102011 0 79120 TYSON BRANDT LINE CREW FOREMAN 40.00 X 103712 0 51252 DARIN HASENWINKEL JOURNEYMAN LINEMAN 40.00 X 107025 0 42504 JACOB KAUFMANN JOURNEYMAN LINEMAN 40.00 X 103394 0 45536 TYLER LIEBELT LINE CREW FOREMAN 40.00 X 108614 0 50071 TYLER LEE JOURNEYMAN LINEMAN 40.00 X 102746 0 48323 JOHN HUNT JOURNEYMAN LINEMAN 40.00 X 103936 0 65337 TRENTON MCCLOUD JOURNEYMAN LINEMAN 40.00 X 101408 0 25694 RANDALL MCLEAN JOURNEYMAN LINEMAN 40.00 X 103507 0 41168 1769989 0 670582 14 0 1 0 CENTRAL TRENCHING INC 5200 7TH AVE SW MINOT ND 58701 TRENCHING AND BORING 232509 PARISIEN'S TREE SERVICE PO BOX 777 BELCOURT ND 58316 TRIMMING TREES 209250 DAKOTA TREE SERVICE INC PO BOX 195 DEVILS LAKE ND 58301 TRIMMING TREES 174419 3 ELECTRIC SALES 221000 23500839 23500839 CAPITAL CREDITS 221000 816643 816643 24317482 62252 62252 15000 0 15000 15000 15000 21180 0 21180 21180 21180 566876 601115 -34239 -34239 24381675 24283243 0 98432 1369500 776681 2543240 1096117 248443 1598641 2765973 COST OF POWER 13243266 DISTRIBUTION EXPENSE 2961077 ADMINISTRATIVE AND GENE 1165675 CUSTOMER EXPENSE 1096955 -4483893 24381675 6320701 6717143 2027894 2732388 1836099 2297211 445040 535456 99502418 38181973 60179536 61320445 327277 322733 16989023 17466577 169449 138493 88295019 91530446 2945970 3231915 3556170 2832035 1453 1797 52129156 53634073 0 138477 58632749 59838297 X 29662270 31692149 0 0 0 0 29662270 31692149 88295019 91530446 X 0 1283053 746826 X X 0 1 X 1 0 0 1 X 216750 216750 6107950 1526519 4581431 91384542 36655454 54729088 1793176 1793176 61320445 INVESTMENTS IN ASSOCIATED COMPANIES 15522858 C OTHER INVESTMENTS 990370 C REVOLVING LOAN FUNDS 953349 C 17466577 POST RETIREMENT LIABILITIES 138477 138477 X 24381675 0 24381675 0 24381675 23012175 0 23012175 1369500 1369500 24381675 PART IV, LINE 2B: THE MEMBERS OF THE COOPERATIVE CAN ELECT TO ROUND UP THEIR MONTHLY ELECTRIC BILL TO THE NEXT DOLLAR. THESE FUNDS COLLECTED FROM THE MEMBERSHIP ARE HELD IN A COOPERATIVE ACCOUNT UNTIL THEY ARE RELEASED TO THE NORTH CENTRAL ELECTRIC TRUST, INC. THESE FUNDS ARE TRANSFERRED DIRECTLY TO THE NORTH CENTRAL ELECTRIC TRUST, INC. ON A QUARTERLY BASIS. FUNDS THAT EXIST AT THE END OF THE YEAR ARE A RESULT OF A TIMING DIFFERENCE IN THE RECEIPT OF THE FUNDS AND THE RELEASE OF THEM TO THE NORTH CENTRAL ELECTRIC TRUST, INC. FOR THE YEAR ENDED DECEMBER 31, 2021 THE ACCOUNT HELD $1797. PART X, LINE 2: IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILINGS ARE CURRENT. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL CREDITS ALLOCATED FOR CURRENT YEAR 1,369,500. X X X 0 0 0 WAYNE MARTIAN TERM 621 GENERAL MANAGER 213809 0 2100 0 4040 0 22248 0 14364 0 256561 0 0 0 JONATHAN BEYER EFF 621 GENERAL MANAGER 156528 0 450 0 779 0 60607 0 20836 0 239200 0 0 0 TERRANCE MORIN LINE CREW FOREMAN 100367 0 450 0 1194 0 58307 0 20813 0 181131 0 0 0 SARAH DAWSON BUSINESS MANAGER 120996 0 450 0 208 0 34735 0 20691 0 177080 0 0 0 JOHN HUNT JOURNEYMAN LINEMAN 102285 0 350 0 1301 0 44520 0 20817 0 169273 0 0 0 TYLER LIEBELT LINE CREW FOREMAN 108075 0 350 0 189 0 37914 0 12157 0 158685 0 0 0 TYSON BRANDT LINE CREW FOREMAN 103115 0 450 0 147 0 35451 0 15801 0 154964 0 0 0 TYLER LEE JOURNEYMAN LINEMAN 102150 0 450 0 146 0 27380 0 20943 0 151069 0 0 0 PART II INCLUDED IN COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN, THEY ARE ESTIMATES OF THE INCREASE IN ACTUARIAL VALUE IN THE PLANS RECEIVED FROM NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE IS REFLECTED IN THE SCHEDULE O STATEMENT FOR FORM 990, PART VII, COLUMN F. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONE CLASS OF MEMBERS WHICH ALL HAVE THE SAME VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE FOR ALL OPEN POSITIONS IN ALL DISTRICTS THAT ARE UP FOR ELECTION THAT YEAR. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO BYLAWS OR ARTICLES OF INCORPORATION MUST BE APPROVED BY MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER AND BUSINESS MANAGER REVIEWED A DRAFT OF THE FORM 990. THE FORM 990 WAS PRESENTED AT A BOARD MEETING PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH INTEREST DISCLOSED TO THE PRESIDENT OF THE BOARD OF DIRECTORS IS REVIEWED BY THE PRESIDENT TO DETERMINE: A) TAKE NO ACTION, B) FULL DISCLOSURE TO THE BOARD & OTHER COVERED INDIVIDUALS, C) ASK PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS/DECISIONS, OR D) ASK PERSON TO RESIGN THEIR POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ANNUALLY USES A SALARY SURVEY MADE AVAILABLE THROUGH THE NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES. THE SALARY DELIBERATION IS DOCUMENTED IN THE MINUTES. THE BOARD VOTES ON THE COMPENSATION. COMPENSATION FOR THE BUSINESS MANAGER IS DETERMINED BASED ON BUSINESS MANAGER SALARIES AT OTHER COOPERATIVES ACROSS NORTH DAKOTA, TAKING INTO ACCOUNT THE RESULTS OF THE ND ASSOCIATION OF REC'S WAGE AND SALARY SURVEY. IN ADDITION, THE BUSINESS MANAGER'S YEARS OF SERVICE TO THE COOPERATIVE ARE CONSIDERED. THE BOARD APPROVES ALL WAGES ANNUALLY. FOR NON-UNION EMPLOYEES THE GENERAL MANAGER MAKES A RECOMMENDATION, AND THE BOARD VOTES TO APPROVE. FOR UNION MEMBERS, THE UNION NEGOTIATES DIRECTLY WITH THE BOARD AND THE GENERAL MANAGER. WHEN AN AGREEMENT IS REACHED, THE BOARD WILL FORMALLY APPROVE THE NEW WAGE SCALE. 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, SECTION A, COLUMN (F) INCLUDED IN THE COLUMN "F" ESTIMATED AMOUNT OF OTHER COMPENSATION IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE ESTIMATED INCREASE IS AS FOLLOWS FOR THOSE LISTED IN PART VII: WAYNE MARTIAN - $0 JONATHAN BEYER - $53,912 TERRANCE MORIN - $54,314 SARAH DAWSON - $29,417 JOHN HUNT - $40,585 TYLER LIEBELT - $33,921 TYSON BRANDT - $31,458 TYLER LEE - $23,054 DARIN HASENWINKEL - $22,739 PETE ERICKSON - $0 RANDALL MCLEAN - $16,276 WILLIAM SADOWSKY - $0 TRENTON MCCLOUD - $9,623 THESE AMOUNTS ARE ESTIMATES IN THE INCREASE OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS AS FOLLOWS: WAYNE MARTIAN - $0 JONATHAN BEYER - $29,685 TERRANCE MORIN - $21,682 SARAH DAWSON - $25,774 JOHN HUNT - $21,363 TYLER LIEBELT - $21,682 TYSON BRANDT - $21,682 TYLER LEE - $21,363 DARIN HASENWINKEL - $21,363 PETE ERICKSON - $0 RANDALL MCLEAN - $21,363 WILLIAM SADOWSKY - $0 TRENTON MCCLOUD - $21,363 FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -622,674. PATRONAGE CAPITAL CREDITS ALLOCATED FOR CURRENT YEAR 1,369,500. ROUNDING ADJUSTMENT FORM 990, PARTI XII, LINE 2(C) THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT AUDITORS. THE FULL BOARD OF DIRECTORS REVIEWED AND APPROVED THE INDEPENDENT AUDITORS. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES, LINE 24E ALLOCATED COSTS - THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 5 - 10 ARE ALREADY INCLUDED IN DISTRIBUTION, ADMINSTRATIVE AND GENERAL EXPENSE, AND CUSTOMER EXPENSE. THEREFORE, THESE AMOUNTS ARE BEING SUBTRACTED OUT AS AN OTHER DEDUCTION IN LINE 24E FOR THE TOTAL AMOUNT. FORM 990, PART IX, LINE 4: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS OF PART IX, LINE 4 TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BYLAWS OF THE COOPERATIVE. NORTH CENTRAL ELECTRIC TRUST INC 538 11TH STREET WEST SUITE 1 BOTTINEAU ND 58318 467523359 OPERATION ROUNDUP ND 501(C)(3) LINE 7 NORTH CENTRAL ELECTRIC COOPERATIVE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0