2021-11-11T09:57:25-06:00 2020-12-31 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2020-01-01 380429495 CLOVERLAND ELECTRIC COOPERATIVE CLOV 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 MICHAEL HEISE PRESIDENT/CEO 9066356800 2021-11-11 1 MICHAEL HEISE 999009999 JEFFREY E HERT CPA P00066715 2319463230 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL HEISE 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 82555091 0 X WWW.CLOVERLAND.COM X 1938 MI ELECTRIC COOPERATIVE 9 9 125 9 -26724 0 0 0 80277089 79578153 1649033 1897562 -25110 228032 81901012 81703747 0 0 51567 64560 1459669 1719807 0 0 0 75066464 70770129 76577700 72554496 5323312 9149251 198578715 203278204 153179201 148956763 45399514 54321441 ELECTRIC COOPERATIVE 0 0 PROVIDE ELECTRIC POWER TO 44,813 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 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 68 0 1 125 1 1 1 0 0 0 0 0 0 79578153 2976938 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 X ELIZABETH CASTILHO 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 JASON ST ONGE DIRECTOR 5.00 X 10400 0 623 JOHN SAWRUK VICE CHAIRPERSON 5.00 X X 9650 0 614 CARMINE BONACCI JR SECRETARY/TREASURER 5.00 X X 10600 0 614 GERALD NETTLETON DIRECTOR 5.00 X 9000 0 614 JASON OBERLE CHAIRPERSON 10.00 X X 9100 0 614 ALLAN OTT DIRECTOR 5.00 X 9800 0 614 VIRGIL MONROE DIRECTOR 5.00 X 8000 0 609 RONALD PROVO DIRECTOR 5.00 X 8000 0 605 WILLIAM LALONDE DIRECTOR 5.00 X 10262 0 614 MICHAEL HEISE PRESIDENT/CEO 40.00 X 290291 0 98838 ELIZABETH CASTILHO CFO 40.00 X 114096 0 20107 DON PRESS LINE FOREMAN 40.00 X 140000 0 22237 ROGER LINE DIR OF GENERATION 40.00 X 133707 0 32058 STEVE BURNIS LINEMAN 40.00 X 132595 0 37992 MARK KANGAS LINEMAN 40.00 X 134680 0 41812 BRIAN LAVEY DIR OF ENGINEERING 40.00 X 132419 0 56123 AARON WALLIN FORMER CFO 40.00 X 184782 0 57737 1347382 0 372425 58 1 1 0 ASPLUNDH TREE EXPERT LLC 708 BLAIR MILL RD WILLOW GROVE PA 19090 TREE TRIMMING SERVICES 1354011 TREES LLC 1700 SOLUTIONS CENTER CHICAGO IL 60677 TREE TRIMMING SERVICES 478608 DLA PIPER LLP PO BOX 74190 BALTIMORE MD 21275 LEGAL SERVICES 161202 3 ELECTRIC REVENUE FROM MEMBERS 221000 79252620 79252620 POLE CONTACT FEES 221000 325533 325533 79578153 1619948 1570096 49852 56888 23880 55547 51945 1341 -28065 -26724 -26724 1021466 743852 277614 277614 277614 WE ENERGIES SETTLEMENT 900099 254756 254756 254756 81703747 80822716 -26724 907755 X 64560 673981 673401 242397 130028 143326 4140312 6639666 COST OF POWER PURCHASED 26302474 TRANSMISSION 8626103 DISTRIBUTION MAINTENANC 7047067 ADMINISTRATIVE AND GENE 5012183 12858998 72554496 2400 2400 496178 1025512 9761288 9057589 3716620 3809432 494223 450644 223816333 60859127 157518704 162957206 16267543 16697521 10321759 9277900 198578715 203278204 11870917 10989174 701682 695343 134340327 130157824 6266275 7114422 153179201 148956763 X 157360 166765 1640898 1856073 43601256 52298603 45399514 54321441 198578715 203278204 X 9149251 -227324 X X 0 1 X 1 0 202995437 59183801 143811636 83442 83442 0 20737454 1591884 19145570 162957206 ATC, LLC 13181323 C INVESTMENT IN NRUCFC 821539 C DEFERRED COMP 457 PLANS 353430 C OTHER INVESTMENTS IN ASSOC ORG 759141 C COBANK 753914 C FEDERATED RURAL ELECTRIC INSURANCE 540464 C PATRONAGE CAPITAL CREDITS 287710 C 16697521 LINE OF CREDIT 1250000 REFUNDABLE POWER COSTS 1856242 457B DEFERRED COMP PLANS 353430 PPP LOAN 3654750 7114422 X 81692815 107493 107493 81585322 118425 118425 81703747 72543565 107493 107493 72436072 118424 118424 72554496 PART X, LINE 2: CLOVERLAND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES, PROVIDED THAT CLOVERLAND DERIVES AT LEAST 85 PERCENT OF ITS ANNUAL GROSS INCOME FROM MEMBERS TO RETAIN THE EXEMPTION. ALTHOUGH CLOVERLAND WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM THE MEMBERSHIP. CLOVERLAND ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. CLOVERLAND HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR 2017 THROUGH 2020, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2020. CLOVERLAND CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. CLOVERLAND DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. CLOVERLAND DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2020 OR 2019, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XII, LINE 4B EXPENSES OF NON OPERATIONAL RENTALS - $118,424 PART XII, LINE 2D RENT EXPENSES - $107,493 X 0 0 X X X X X 0 1 0 MICHAEL HEISE PRESIDENT/CEO 270291 0 20000 0 0 0 73423 0 25415 0 389129 0 0 0 AARON WALLIN FORMER CFO 184782 0 0 0 0 0 38849 0 18888 0 242519 0 0 0 BRIAN LAVEY DIR OF ENGINEERING 132419 0 0 0 0 0 34408 0 21715 0 188542 0 0 0 MARK KANGAS LINEMAN 134680 0 0 0 0 0 20623 0 21189 0 176492 0 0 0 STEVE BURNIS LINEMAN 132595 0 0 0 0 0 20586 0 17406 0 170587 0 0 0 ROGER LINE DIR OF GENERATION 133707 0 0 0 0 0 30656 0 1402 0 165765 0 0 0 DON PRESS LINE FOREMAN 140000 0 0 0 0 0 21164 0 1073 0 162237 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED TO CEO MICHAEL HEISE AS PART OF A RELOCATION PACKAGE FOR MOVING OUT OF STATE. PART I, LINE 4B MICHAEL HEISE RECEIVED $26,000 457B EMPLOYER CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS BY REGION. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT & CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEY AND APPROVAL BY BOARD. COMPENSATION STUDY. FORM 990, PART VI, SECTION C, LINE 19 MADE AVAILABLE BY WRITTEN REQUEST. FORM 990, PART IX, LINE 24E COST OF POWER PRODUCED 4,902,036. DISTRIBUTIONS OPERATIONS 3,388,865. TAXES - PROPERTY 2,776,853. CUSTOMER ACCOUNTS 2,107,117. CUSTOMER SERVICE AND INFO 1,350,070. OTHER EXPENSES 53,864. ALLOCATED PAYROLL -1,719,807. FORM 990, PART XI, LINE 9: DONATED CAPITAL -236,729. INCREASE IN MEMBERSHIPS 9,405. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. CLOVERLAND CARES 725 E PORTAGE AVE SAULT STE MARIE MI 49783 850670727 PROVIDE SCHOLARSHIPS AND FUNDING FOR FOOD BANKS AND SCHOOL PROGRAMS MI 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0