2021-06-23T08:00:15-05:00 2020-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 1297 BISMARCK ND 585021297 990 2020-01-01 450173086 NORTH CENTRAL ELECTRIC COOPERATIVE INC NORT 7012282202 538 11TH ST W NO 1 BOTTINEAU ND 58318 JONATHAN BEYER GENERAL MANAGER 7012282202 2021-06-21 1 JONATHAN BEYER 999009999 LANCE RAMBOUSEK P01212867 7012231717 2021-06-21 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JESSE FAHNESTOCK 538 11TH ST W NO 1 BOTTINEAU ND 58318 25276474 0 X WWW.NCECI.COM X 1941 ND THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE ELECTRICITY TO MEMBERS. 9 9 39 0 0 0 0 0 29461857 24629393 57934 61878 -47518 -34265 29472273 24657006 0 0 3984425 1722527 4334502 4870471 0 0 0 21290680 18064008 29609607 24657006 -137334 0 87920042 88295019 59277281 58632749 28642761 29662270 NONE 0 0 SALE OF ELECTRICITY AND ELECTRICAL SERVICES TO OVER 4,700 RESIDENTIAL AND COMMERCIAL MEMBERS. SERVICE ENCOMPASSES OVER 3,200 MILES OF UTILITY LINE. 0 0 0 0 0 0 0 1 0 1 0 1 0 0 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 29 0 1 39 1 0 0 0 0 0 0 0 23722620 934386 0 0 0 X 9 9 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 9743 0 0 STUART ROTHE VICE PRESIDENT 3.00 X X 9502 0 0 LORI M KITTLESON SECRETARY/TREASURER 4.00 X X 11692 0 0 JEAN R BRANDT SECRETARY/TREASURER ASSISTANT 3.00 X X 7493 0 0 BRADLEY AHO DIRECTOR 3.00 X 12803 0 0 JOEL BRANDVOLD DIRECTOR 3.00 X 10215 0 0 R JAY PAUL DIRECTOR 3.00 X 9433 0 0 DAVID O'CONNELL DIRECTOR 3.00 X 17066 0 0 DEVIN TOLSTAD DIRECTOR 3.00 X 8751 0 0 WAYNE MARTIAN GENERAL MANAGER 50.00 X 310952 0 44948 TORI KLING JAN-JUNE BUSINESS MANAGER 50.00 X 87776 0 46971 SARAH DAWSON JULY-DEC BUSINESS MANAGER 50.00 X 78994 0 35542 JONATHAN BEYER ENGINEERING & OPERATIONS MANAGER 40.00 X 117165 0 60848 TYSON BRANDT LINE CREW FOREMAN 40.00 X 103001 0 43647 TYLER LIEBELT LINE CREW FOREMAN 40.00 X 109723 0 42144 TYLER LEE JOURNEYMAN LINEMAN 40.00 X 101636 0 41892 JOHN HUNT JOURNEYMAN LINEMAN 40.00 X 101581 0 61916 1107526 0 377908 10 0 1 0 CENTRAL TRENCHING INC 5200 7TH AVE SW MINOT ND 58701 TRENCHING AND BORING 1009071 PARISIEN'S TREE SERVICE PO BOX 777 BELCOURT ND 58316 TRIMMING TREES 278632 DAKOTA TREE SERVICE INC PO BOX 195 DEVILS LAKE ND 58301 TRIMMING TREES 148634 3 ELECTRIC SALES 221000 23722620 23722620 CAPITAL CREDITS 221000 906773 906773 24629393 98904 98904 15000 0 15000 15000 15000 80172 117198 -37026 -37026 -37026 453005 502270 -49265 -49265 24657006 24580128 0 76878 1722527 682860 2796921 1142526 248164 1632572 2683310 COST OF POWER 13425992 DISTRIBUTION EXPENSE 2976412 ADMINISTRATIVE AND GENE 1081549 CUSTOMER EXPENSE 961658 -4697485 24657006 6930130 6320701 3344671 2027894 92 2097088 1836099 393583 445040 96302052 36122516 58247647 60179536 374627 327277 16409579 16989023 122625 169449 87920042 88295019 3193916 2945970 4210680 3556170 1568 1453 51871117 52129156 59277281 58632749 X 28642761 29662270 0 0 0 0 28642761 29662270 87920042 88295019 X 0 1019509 X X 0 1 X 1 0 0 1 X 216430 216430 6107950 1404116 4703834 88502364 34718400 53783964 1475308 1475308 60179536 INVESTMENTS IN ASSOCIATED COMPANIES 15111827 C OTHER INVESTMENTS 925516 C REVOLVING LOAN FUNDS 951680 C 16989023 X 24657006 0 24657006 0 24657006 22934479 0 22934479 1722527 1722527 24657006 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, 2020 THE ACCOUNT HELD $1453. 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 1,722,527. X X X 0 0 0 WAYNE MARTIAN GENERAL MANAGER 304531 0 300 0 6121 0 30628 0 14320 0 355900 0 0 0 JONATHAN BEYER ENGINEERING & OPERATIONS MANAGER 116659 0 300 0 206 0 40173 0 20675 0 178013 0 0 0 JOHN HUNT JOURNEYMAN LINEMAN 100166 0 300 0 1115 0 41496 0 20420 0 163497 0 0 0 TYLER LIEBELT LINE CREW FOREMAN 109286 0 300 0 137 0 30410 0 11734 0 151867 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 - $35,132 JOHN HUNT - $37,671 TYLER LIEBELT - $26,526 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 - $23,534 JOHN HUNT - $19,489 TYLER LIEBELT - $19,789 FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -703,021. PATRONAGE CAPITAL CREDITS ALLOCATED FOR CURRENT YEAR 1,722,527. ROUNDING ADJUSTMENT 3. 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