2025-07-08T13:06:06-05:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2024-01-01 450447121 NORTHERN PLAINS ELECTRIC COOPERATIVE INC NORT 7016523156 PO BOX 180 CARRINGTON ND 584210180 SETH SYVERSON GENERAL MANAGER 7016523156 2025-06-25 1 1 MATT LAUGHLIN P00014168 7017754685 2025-06-25 2024 2025-03-06 01:10:19Z SETH SYVERSON 602 4TH AVE PO BOX 608 CANDO ND 58324 48368862 0 X WWW.NPLAINS.COM X 1997 ND SALE OF ELECTRICITY TO MEMBERS 9 8 46 0 1532 0 0 0 41213368 44388935 668256 735899 3012516 3214956 44894140 48339790 0 0 4107034 3664228 7048620 7420624 0 0 0 34431522 35944111 45587176 47028963 -693036 1310827 149863792 154716456 88115152 89237862 61748640 65478594 X NORTHERN PLAINS WILL DELIVER DEPENDABLE ELECTRIC POWER AND ENERGY AT FAIR AND REASONABLE PRICES. WE WILL DELIVER AN EXTENDED RANGE OF CONVENIENT CUSTOMER SUPPORT SERVICES, COMPLEMENTARY TO OUR CORE ELECTRIC AND ENERGY BUSINESS. AND WE WILL PROVIDE TECHNICAL ASSISTANCE, FINANCIAL TOOLS AND HUMAN RESOURCES THAT FOSTER COMMUNITY DEVELOPMENT. 0 0 TO PROVIDE ELECTRICAL SERVICE FOR APPROXIMATELY 8,200 MEMBERS. IN 2024 THERE WERE 6,648 MILES OF TOTAL 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 1 0 0 0 0 0 0 0 0 0 0 1 283 0 1 46 1 1 1 0 0 0 0 44328001 3701068 0 0 0 X 9 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 1 1 X SETH SYVERSON 7019683314 609 4TH AVE PO BOX 608 CANDO ND 58324 TRACY BOE PRESIDENT 7.00 X 14797 0 0 CURTIS WIESZ VICE PRESIDENT 6.00 X 15082 0 0 RANDY SIMON SECRETARY/TREASURER 6.00 X 15237 0 0 DAVID TEIGEN ASST SECRETARY/TREASURER 6.00 X 12932 0 0 MARK BREHM DIRECTOR 6.00 X 12847 0 0 CURTIS HANSON DIRECTOR 6.00 X 13847 0 0 BRUCE OLSEN DIRECTOR 6.00 X 13382 0 0 JUDY GEIER DIRECTOR 6.00 X 16507 0 0 LORI CARLSON DIRECTOR 6.00 X 16682 0 0 CHERYL BELLE BUSINESS MANAGER 40.00 X 168779 0 94902 SETH SYVERSON GENERAL MANAGER 40.00 X 240594 0 87901 SCOTT BUCHHOLTZ MANAGER OF INFORMATION TECHNOLOGY 40.00 X 152311 0 38025 ASHTEN DEWALD MANAGER OF ENGINEERING/OPERATIONS 40.00 X 139205 0 51755 JOSHUA CABLER OPERATION MANAGER 40.00 X 123867 0 72615 SHANNON PETERSEN FOREMAN 40.00 X 125075 0 46236 DOYLE SCHWANKE FOREMAN 40.00 X 133476 0 60347 1214620 0 451781 32 0 1 0 INTEGRITY CONTRACTING INC 17827 COUNTY ROAD 2 SHEVLIN MN 56676 LINE MAINTENANCE & CONSTRUCTION 708468 COOPERATIVE BUILDING SOLUTIONS PO BOX 790379 SAINT LOUIS MO 63179 CONSTRUCTION 569794 LEGACY POWER LINE INC PO BOX 469 WADENA MN 56482 LINE MAINTENANCE & CONSTRUCTION 531313 SUMMIT UTILITY SERVICES LLC PO BOX 10 ARLEE MT 59821 LINE LOCATING SERVICES 121665 4 SALE OF ELECTRICITY 221000 44388935 44388935 44388935 691399 691399 44500 0 44500 44500 44500 30604 29072 1532 1532 CAPITAL CREDITS 900099 2648331 2648331 MISCELLANEOUS INCOME 900099 340093 340093 SERVICE AGREEMENT 221000 225000 225000 3213424 48339790 47602359 1532 735899 X 3664228 743821 4402009 1022839 881603 370352 2255836 5118139 COST OF PURCHASED POWER 28839915 DISTRIBUTION EXPENSE 3864401 ADMINISTRATIVE AND GENE 2112862 CONSUMER EXPENSE 694581 -6941623 47028963 619964 999064 8378355 7400000 4235121 4256984 5815932 4721785 335390 344403 170004048 71368114 94681342 98635934 13396 13396 35780927 38336488 3365 8402 149863792 154716456 4039705 4085347 8000000 8000000 3071 0 73400144 74811149 1000000 1000000 1672232 1341366 88115152 89237862 X 0 0 0 0 61748640 65478594 61748640 65478594 149863792 154716456 X 1310827 2419127 X X 0 1 X 1 0 0 0 505746 505746 4431512 2766897 1664615 160683865 68601217 92082648 4382925 4382925 98635934 PATRONAGE CAPITAL 34109007 C NRUCFC CERTIFICATES 555584 C MEMBERSHIPS 3350 C ECONOMIC DEVELOPMENT AND ENERGY RESOURCE CONSERVATION LOANS 3667424 C STOCK 1123 C 38336488 CONSUMER DEPOSITS 248435 CUSTOMER ENERGY PREPAYMENTS 460321 DEFERRED ESTIMATED INSTALLATION COSTS 632610 1341366 X 48339790 0 48339790 0 48339790 43364735 0 43364735 3664228 3664228 47028963 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 NORTHERN PLAINS ELECTRIC COOOPERATIVE TRUST. THESE FUNDS ARE TRANSFERRED DIRECTLY TO THE TRUST ON A MONTHLY 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 TRUST. AS OF DECEMBER 31, 2024 AND 2023, THE ACCOUNT HELD $0 AND $3,071, RESPECTIVELY. PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILINGS ARE CURRENT. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED CAPITAL CREDITS 3,664,228. X X X X 0 0 0 SETH SYVERSON GENERAL MANAGER 239626 0 0 0 968 0 56118 0 34936 0 331648 0 0 0 CHERYL BELLE BUSINESS MANAGER 165080 0 0 0 3699 0 61510 0 35644 0 265933 0 0 0 JOSHUA CABLER OPERATION MANAGER 123448 0 0 0 419 0 37294 0 36973 0 198134 0 0 0 DOYLE SCHWANKE FOREMAN 131921 0 0 0 1555 0 48682 0 13174 0 195332 0 0 0 ASHTEN DEWALD MANAGER OF ENGINEERING/OPERATIONS 138792 0 0 0 413 0 15942 0 37618 0 192765 0 0 0 SCOTT BUCHHOLTZ MANAGER OF INFORMATION TECHNOLOGY 149016 0 0 0 3295 0 6467 0 33614 0 192392 0 0 0 SHANNON PETERSEN FOREMAN 124737 0 0 0 338 0 13215 0 34500 0 172790 0 0 0 FORM 990, SCHEDULE J, PART II: INCLUDED IN SCHEDULE J, PART II, COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUAL, THE ESTIMATED INCREASE IS: CHERYL BELLE: $54,282 SETH SYVERSON: $45,791 ASHTEN DEWALD: $9,728 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $31,876 DOYLE SCHWANKE: $43,876 SHANNON PETERSEN: $8,409 THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN WERE: CHERYL BELLE: $47,416 SETH SYVERSON: $67,584 ASHTEN DEWALD: $28,760 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $35,193 DOYLE SCHWANKE: $31,383 SHANNON PETERSEN: $19,648 MARK BREHM MARK, DIRECTOR, REPRESENTS THE COOP ON CENTRAL POWER ELECTRIC COOP'S BOARD 28838573 WHOLESALE POWER PURCHASES 0 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HAS ONE VOTE. THERE ARE 3 DISTRICTS AND EACH DISTRICT HAS 3 BOARD MEMBER REPRESENTATIVES. EACH MEMBER CAN ONLY BE A MEMBER IN ONE DISTRICT. A MEMBER'S PRIMARY RESIDENCE IS THE DECIDING FACTOR AS TO WHICH DISTRICT THEY ARE CONSIDERED TO BE A MEMBER OF. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER RECEIVES ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BY-LAWS MUST BE VOTED ON BY MEMBERS. MERGERS MUST ALSO BE VOTED ON BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BUSINESS MANAGER REVIEWED A DRAFT OF THE 990 PRIOR TO PRESENTING IT TO THE BOARD AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE ASKED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. IF A POSSIBLE CONFLICT ARISES, THE FULL BOARD REVIEWS THE DISCLOSURES AND DETERMINES IF THERE IS A CONFLICT. A DIRECTOR WITH A CONFLICT IS NOT ALLOWED TO VOTE OR PARTICIPATE IN ANY DISCUSSIONS ON THE ISSUE. THE DIRECTOR IS ASKED TO LEAVE THE ROOM DURING ANY VOTES OR DISCUSSIONS. ANY POTENTIAL ISSUES DISCLOSED BY THE BOARD MEMBERS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. THE COOPERATIVE ALSO HAS AN EMPLOYEE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF THE GENERAL MANAGER IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. WAGE RATES FOR UNION EMPLOYEES ARE DETERMINED THROUGH NEGOTIATIONS, WITH FINAL CONTRACT BEING APPROVED BY THE BOARD OF DIRECTORS. NON-UNION EMPLOYEES ARE REVIEWED ANNUALLY THROUGH A PROCESS THAT INCLUDES AN EVALUATION OF JOB PERFORMANCE AND APPROVED RANGE OF WAGE INCREASES BASED ON A POLICY APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN THE ANNUAL REPORT. FORM 990, PART IX, LINE 4: AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI AND ON SCHEDULE D, PARTS XI AND XIII. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,245,101. ALLOCATED CAPITAL CREDITS 3,664,228. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE COOPERATIVE'S OVERSIGHT RESPONSIBILITIES THIS YEAR. FORM 990, PART VI, SECTION B, LINE 16B THE COOPERATIVE'S POLICY REGARDING PARTICIPATION IN JOINT VENTURES IS NOT WRITTEN; HOWEVER, THE COOPERATIVE PERFORMS AN 85% TEST ON AN ANNUAL BASIS TO ENSURE THAT IT MAINTAINS ITS TAX EXEMPT STATUS. ADDITIONALLY, THE JOINT VENTURE ARRANGEMENT IS REVIEWED AND MONITORED BY THE BOARD OF DIRECTORS.