2021-06-25T10:42:35-05:00 2020-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-01-01 410560428 AGRALITE ELECTRIC COOPERATIVE AGRA 3208434150 PO BOX 228 BENSON MN 56215 ORVIN GRONSETH PRESIDENT 3208434150 2021-06-23 1 ORVIN GRONSETH 999009999 LAURIE HANSON CPA P00851848 6053391999 2021-06-23 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ORVIN GRONSETH PO BOX 228 BENSON MN 56215 23290565 0 X WWW.AGRALITE.COOP X 1939 MN DISTRIBUTE ELECTRICITY TO MEMBERSHIP. 7 7 33 0 153243 96037 0 0 23210373 22846961 409499 270678 -555 11798 23619317 23129437 9540 2450 1184761 1377579 3332572 3423448 0 0 0 18601631 17885001 23128504 22688478 490813 440959 61014368 66398391 34572157 38947032 26442211 27451359 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE AND OTHER RELATED PRODUCTS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION. 0 0 DISTRIBUTE ELECTRIC POWER TO APPROXIMATELY 3,632 MEMBERS. 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 1 0 0 1 54 0 1 33 1 1 1 0 0 0 0 22444015 449692 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 1 0 1 0 X JENNY STRYHN 3208434150 320 E HWY 12 BENSON MN 56215 X KORWIN JOHNSON CEO 50.00 X 244945 0 118110 THOMAS HOFFMAN ENG & OPS MANAGER 45.00 X 140762 0 78524 JENNY STRYHN CFO 45.00 X 127661 0 42404 JONATHAN MESSNER MANAGER OF MEMBER SERVICES 45.00 X 119494 0 37136 ALAN GOLDEN LINEMAN 40.00 X 112833 0 29440 ROBERT HOBERG LINEMAN 40.00 X 109582 0 65547 JOHN NAIG LINEMAN 40.00 X 105154 0 56032 ORVIN GRONSETH PRESIDENT 11.00 X X 11900 0 0 KATHRYN DRAEGER DIRECTOR 5.00 X 9600 0 0 ANDREA THOMSON DIRECTOR 5.00 X 8650 0 0 WARREN RAU VICE PRESIDENT 8.00 X X 8150 0 0 STEVEN NELSON DIRECTOR 5.50 X 7900 0 0 JEFF HUFFORD SEC-TREASURER 7.00 X X 7650 0 0 BENNETT ZIERKE DIRECTOR 6.00 X 7600 0 0 1021881 0 427193 8 0 1 0 STAR ENERGY SERVICES 6875 CO RD 28 SW ALEXANDRIA MN 56308 ENGINEERING AND SAFETY 474932 CARR'S TREE SERVICE PO BOX 250 OTTERAIL MN 56571 RIGHT OF WAY TREE CLEARING 299696 INTEGRITY CONTRACTING 17827 COUNTY RD 2 SHEVLIN MN 56676 POWER LINE INSTALL 254548 HIGHLINE CONSTRUCTION 16124 OLD LAKE ROAD PAYNESVILLE MN 56362 POWERLINE/SUBSTATION INSTALL 116248 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWARE 104993 5 SALE OF POWER 221000 22160448 22160448 CAPITAL CREDITS 522100 549808 549808 EQUITY EARNINGS 561499 133205 -16523 149728 OTHER NON-OPERATING 221000 3500 3500 22846961 255115 255115 15563 0 15563 15563 15563 172926 161128 11798 8283 3515 23129437 22705516 153243 270678 2450 1377579 570021 2272191 378909 202327 1168008 2155762 COST OF POWER 12813377 ADMIN & GENERAL 1569874 DISTRIBUTION-MAINTENANC 1440433 DISTRIBUTION-OPERATIONS 1341034 -2603487 22688478 4614317 7426927 2070818 1924631 541685 1383358 885756 920941 47134 41305 74528622 31375906 41777384 43152716 567308 654273 10479594 10863920 24092 24092 6280 6228 61014368 66398391 2770428 2877027 393227 669272 15130 1006 31341955 34630491 714660 51417 54576 34572157 38947032 X 26442211 27451359 26442211 27451359 61014368 66398391 X 440959 568189 X 0 1 X 1 0 0 1 X 148738 148738 867410 513312 354098 4680970 2500385 2180585 68831504 28362209 40469295 43152716 GREAT RIVER ENERGY 7666361 C NATIONAL RURAL UTILITIES COOP. FINANCE CORP. 541751 C EAST RIVER ELECTRIC POWER COOPERATIVE, INC 2052776 C COBANK 141098 C SWIFT COOPERATIVE OIL CO. PATRONAGE CAPITAL 61105 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 143445 C RURAL ELECTRIC SUPPLY COOPERATIVE 116124 C CHIPPEWA VALLEY AGRAFUELS COOP. PATRONAGE CAPITAL 10005 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE, PATRONAGE CAPITAL 36113 C RURAL ELECTRIC ECONOMIC DEVELOPMENT 80000 C OTHER 15142 C 10863920 CONSUMER DEPOSITS 54392 PATRONAGE CAPITAL PAYABLE 184 54576 X 23129437 0 23129437 0 23129437 21310899 0 21310899 1377579 1377579 22688478 PART IV, LINE 2B: THE COOPERATIVE RECEIVES CONTRIBUTIONS FROM MEMBERS FOR AGRALITE ELECTRIC TRUST, AN OPERATION ROUNDUP PROGRAM. THE COOPERATIVE TRANSFERS THE CONTRIBUTIONS TO THE TRUST QUARTERLY IN JANUARY, MARCH, JULY AND OCTOBER. PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 1,377,579. X 1 1 X X X 0 0 0 KORWIN JOHNSON CEO 244945 0 0 0 0 0 93290 0 29855 0 368090 0 0 0 THOMAS HOFFMAN ENG & OPS MANAGER 140762 0 0 0 0 0 55696 0 25783 0 222241 0 0 0 JENNY STRYHN CFO 127661 0 0 0 0 0 25209 0 20019 0 172889 0 0 0 JONATHAN MESSNER MANAGER OF MEMBER SERVICES 119494 0 0 0 0 0 14018 0 25672 0 159184 0 0 0 ROBERT HOBERG LINEMAN 109582 0 0 0 0 0 41250 0 26296 0 177128 0 0 0 JOHN NAIG LINEMAN 105154 0 0 0 0 0 33107 0 24925 0 163186 0 0 0 PART I, LINE 1A PRESIDENT ORVIN GRONSETH'S SPOUSE ATTENDED ANNUAL MEETING WITH HIM AND THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. EXPLANATION OF AMOUNT REPORTED IN PART II, COLUMN (C) INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. 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. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR MR. JOHNSON IS $86,084 WITH ACTUAL CURRENT YEAR EXPENSE OF $47,800. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR MR. HOFFMAN IS $51,438 WITH ACTUAL CURRENT YEAR EXPENSE OF $28,200. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR JENNY STRYHN IS $21,124 WITH ACTUAL CURRENT YEAR EXPENSE OF $27,000. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR ROBERT HOBERG IS $37,351 WITH ACTUAL CURRENT YEAR EXPENSE OF $17,110. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR JOHN NAIG IS $29,257 WITH ACTUAL CURRENT YEAR EXPENSE OF $17,110. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR JONATHAN MESSNER IS $10,328 WITH ACTUAL CURRENT YEAR EXPENSE OF $24,400. FORM 990, PART VI, SECTION A, LINE 6 SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP MUST APPROVE CHANGES TO THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A COPY OF FORM 990 BEFORE IT IS FILED. THE FORM IS REVIEWED AND APPROVED DURING A MONTHLY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, THE GENERAL MANAGER, AND ALL EMPLOYEES. AS POTENTIAL CONFLICTS ARISE, MANAGEMENT MAKES INQUIRIES AND DETERMINES IF A CONFLICT EXISTS. MANAGEMENT IS RESPONSIBLE FOR THE HANDLING OF ALL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER'S SALARY IS COMPARED TO OTHER COOPERATIVES THROUGH INDUSTRY SURVERYS AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS 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. 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 XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -809,390. ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 1,377,579. FORM 990, PART IX, LINE 4 STATEMENT OF FUNCTIONAL EXPENSES: 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 BYLAWS OF THE COOPERATIVE. 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. AGRALITE ELECTRIC TRUST PO BOX 228 BENSON MN 56215 411731852 CHARITABLE MN 501(C)(3) LINE 7 AGRALITE ELECTRIC COOPERATIVE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0