2022-11-11T10:56:55-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 390150875 BARRON ELECTRIC COOPERATIVE BARR 7155373171 PO BOX 40 BARRON WI 54812 AARON TORUD GENERAL MANAGER 7155373171 2022-10-10 1 AARON TORUD 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-10-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z AARON TORUD PO BOX 40 BARRON WI 54812 40834790 0 X HTTPS://BARRONELECTRIC.COM/ X 1937 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 9 9 48 0 383 0 0 0 37175128 39414369 39112 35835 1245909 1373185 38460149 40823389 0 0 1979251 5077236 393005 366205 0 0 0 36087895 35379948 38460151 40823389 -2 0 81123237 83238959 41493118 39306205 39630119 43932754 BARRON ELECTRIC COOPERATIVE IS A MEMBER-OWNED BUSINESS THAT SAFELY PROVIDES ENERGY, PRODUCTS, AND SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE AREA WE SERVE. 0 0 THE COOPERATIVE SOLD 355,350,812 KWH OF ELECTRICITY TO 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 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 0 0 0 1 32 0 48 1 1 1 0 0 0 0 0 0 39380554 1389234 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X MANDY STRAW 7155373171 1434 STATE HIGHWAY 25 NORTH BARRON WI 54812 MICHAEL BAKER VICE PRESIDENT 5.69 X X 14197 0 0 RICHARD BOL DIRECTOR 5.96 X 14497 0 0 RANDY COOK PRESIDENT 7.26 X X 17965 0 0 WILLIAM EFFERTZ DIRECTOR 5.27 X 14767 0 0 ARLYN HELM DIRECTOR- PART YEAR 4.97 X 8079 0 0 TIMOTHY KESSLER TREASURER 6.01 X X 16254 0 0 LARRY KUHL DIRECTOR 3.99 X 13239 0 0 PATRICIA MANDEL DIRECTOR 6.39 X 13070 0 0 DAVID OLSON DIRECTOR 4.68 X 5006 0 0 SCOTT WARWICK SECRETARY 4.39 X X 12175 0 0 DALLAS SLOAN GENERAL MANAGER-PART YEAR 45.00 X 87115 0 19368 AARON TORUD GENERAL MANAGER 45.00 X 67544 0 62929 SCOTT DEVOE LINE SUPERINTENDENT 40.00 X 104563 0 77146 TIMOTHY ENGLE LINEMAN 40.00 X 106349 0 54767 JEFFREY NELSON LINE SUPERINTENDENT 45.00 X 115019 0 67763 MANDY STRAW DIRECTOR OF FINANCE 45.00 X 105648 0 104973 NATHAN STEINES DIRECTOR OF OPERATIONS 45.00 X 109168 0 99200 824655 0 486146 5 0 1 0 ZIELIE'S TREE SERVICE INC PO BOX 307 BRUCE WI 54819 TREE TRIMMING 775200 PUSH INC PO BOX 72 RICE LAKE WI 54868 PLOW URD SERVICES 333788 ALLEGIANT UTILITY SERVICES 14319 GREGG MANOR RD MANOR TX 78653 METER EXCHANGE & INSTALLATION 265397 A-1 POWER LLC 8237 WI HWY 64 BLOOMER WI 54724 PLOW URD SERVICES 226061 GP2 UTILITY SERVICES LLC N753 SHALLOW LAKE RD SARONA WI 54870 PLOW URD SERVICES 124411 5 SALE OF POWER 221000 39414369 39414369 39414369 33771 33771 27767 0 27767 27767 27767 3464 1400 2064 2064 2064 10384 10001 383 383 CAPITAL CREDITS 900099 1345035 1345035 1345035 40823389 40759404 383 63602 5077236 366205 1360843 3241703 COST OF POWER 23890009 DISTRIBUTION MAINTENANC 2420180 ADMINISTRATIVE & GENERA 1868215 DISTRIBUTION OPERATIONS 1406027 1192971 40823389 210289 189422 531 1652 3022965 2743935 229352 147825 401071 330302 165533 179622 97784813 38008841 57621262 59775972 18828444 19612618 643790 257611 81123237 83238959 2498880 2262375 35170720 35321722 3823518 1722108 41493118 39306205 X 0 0 0 0 39630119 43932754 39630119 43932754 81123237 83238959 X 0 4302635 X X 0 1 X 1 0 895026 895026 4633916 1457786 3176130 92255871 36551055 55704816 59775972 INVESTMENT IN ASSOCIATED ORGANIZATION - PATRONAGE 18534156 C INVESTMENT IN ASSOCIATED ORGANIZATION - NON GENERAL 1036889 C OTHER INVESTMENTS 41573 C 19612618 CUSTOMER DEPOSITS 253234 ACCRUED INTEREST 113710 ACCRUED PAYROLL 173079 ACCRUED GROSS REVENUE TAX 190644 ACCRUED VACATION 359583 OTHER CURRENT LIABILITIES 206120 DEFERRED LIABILITIES 320046 CAPITAL CREDITS PAYABLE 105692 1722108 X 40823389 0 40823389 0 40823389 35746153 0 35746153 5077236 5077236 40823389 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2021 AND DECEMBER 31, 2020. THE COOPERATIVE EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 5,077,236. X X 0 0 0 MANDY STRAW DIRECTOR OF FINANCE 105648 0 0 0 0 0 80613 0 24360 0 210621 0 0 0 NATHAN STEINES DIRECTOR OF OPERATIONS 109168 0 0 0 0 0 74779 0 24421 0 208368 0 0 0 JEFFREY NELSON LINE SUPERINTENDENT 115019 0 0 0 0 0 55375 0 12388 0 182782 0 0 0 SCOTT DEVOE LINE SUPERINTENDENT 104563 0 0 0 0 0 52827 0 24319 0 181709 0 0 0 TIMOTHY ENGLE LINEMAN 106349 0 0 0 0 0 30705 0 24062 0 161116 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE ONE OR MORE CANDIDATES FOR A DIRECTOR POSITION FOR EACH DISTRICT OF THE COOPERATIVE. MEMBERS ELECT THE BOARD OF DIRECTORS AT THE MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBERSHIP SHALL BE ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE GENERAL MANAGER AND FINANCE MANAGER BEFORE IT IS SIGNED AND FILED. THE BOARD OF DIRECTORS IS GIVEN A COPY OF THE FORM 990 TO REVIEW BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY WAS GIVEN TO EACH CURRENT EMPLOYEE AND DIRECTOR AS WELL AS EACH NEW EMPLOYEE AND DIRECTOR THE CONFLICT OF INTEREST POLICY IS A SELF-POLICING POLICY IN WHICH IT IS THE RESPONSIBILITY OF EACH EMPLOYEE/DIRECTOR TO COME FORWARD WITH ANY POTENTIAL CONFLICTS WHENEVER THEY OCCUR THE WHISTLEBLOWER POLICY SUPPORTS THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY BY ENCOURAGING ALL EMPLOYEES AND DIRECTORS TO REPORT CONFLICTS OF INTEREST AND OTHER QUESTIONABLE BEHAVIOR. BOARD MEMBERS ARE TO EXCUSE THEMSELVES FROM PROCEEDINGS OR VOTES WHERE A POTENITAL CONFLICT OF INTEREST EXISTS. CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS USES COMPARABILITY DATA PROVIDED BY NRECA TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER. THE BOARD OF DIRECTORS DETERMINES THE GENERAL MANAGER'S COMPENSATION AND REPORTS IT TO THE EXECUTIVE SECRETARY VIA MINUTES FROM THE BOARD DIRECTOR CONFIDENTIAL CLOSED SESSION. THE GENERAL MANAGER APPROVES THE COMPENSATION OF ALL OTHER EMPLOYEES. THE GENERAL MANAGER USES BOTH COMPARABILITY DATA PROVIDED BY NRECA AND DATA FROM THE MOST CURRENT WAGE STUDY PERFORMED AT BARRON ELECTRIC BY AN OUTSIDE INDEPENDENT CONSULTANT, TO DETERMINE COMPENSATION. INDIVIDUAL COMPENSATION IS DETERMINED BY THE GENERAL MANAGER. COMPENSATION AS A WHOLE IS APPROVED BY THE BOARD OF DIRECTORS. INDIVIDUAL COMPENSATION IS REPORTED BY A DOCUMENT SIGNED BY THE GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION IS AVAILABLE UPON WRITTEN REQUEST TO THE ATTENTION OF THE GENERAL MANAGER. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -774,601. PATRONAGE DIVIDEND ALLOCATED 5,077,236. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS. 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.