2021-10-27T09:14:42-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2020-01-01 390382695 JUMP RIVER ELECTRIC COOPERATIVE INC JUMP 7155325524 PO BOX 99 LADYSMITH WI 54848 MYRON BROOKS PRESIDENT 7155325524 2021-10-11 1 MYRON BROOKS 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2021-10-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MYRON BROOKS PO BOX 99 LADYSMITH WI 54848 15231439 0 X WWW.JREC.NET X 1938 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 8 8 32 0 1845 0 0 0 14801512 14760107 58077 57541 397511 380671 15257100 15198319 0 0 276028 350223 338671 422493 0 0 0 14402820 14271701 15017519 15044417 239581 153902 47453476 48826179 29664986 31143466 17788490 17682713 THE MISSION OF JUMP RIVER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTHER SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE. 0 0 THE COOPERATIVE SOLD 94,887,358 KWH OF ELECTRICITY TO MEMBERS DURING 2020. 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 79 0 32 1 1 1 0 0 0 0 0 0 15251161 661019 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL SCHAEFER 7155325524 PO BOX 99 LADYSMITH WI 54848 MYRON BROOKS PRESIDENT 7.70 X X 6850 0 0 JERRY CAROW DIRECTOR 8.70 X 4850 0 0 JOHN CERMAN DIRECTOR - PART YEAR 5.50 X 5275 0 0 WALTER KRUK DIRECTOR 5.90 X 5425 0 0 JOE LORENCE SECRETARY/TREASURER 5.60 X X 8125 0 0 JANE REICH DIRECTOR 9.80 X 5425 0 0 SANDRA SCHARA DIRECTOR 5.90 X 8125 0 0 BILL VAN DOORN DIRECTOR 4.90 X 5100 0 0 JASON WEAVER VICE PRESIDENT 4.40 X X 4350 0 0 JIM ANDERSON GENERAL MANAGER/CEO 52.34 X 191470 0 177498 KEVIN WRIGHT LINEMAN 51.25 X 111344 0 73236 DANIEL ANGLEMYER LINEMAN 50.09 X 110121 0 67745 SAMUEL HOWARD LINEMAN 41.38 X 101371 0 101969 JOE DONNELLAN LINEMAN 45.11 X 100339 0 101575 GREG WALTERS LINEMAN 46.98 X 104320 0 97236 772490 0 619259 10 0 1 0 HOEFT BUILDERS 1450 RIVERS EDGE DR ALTOONA WI 54720 HEADQUARTERS CONSTRUCTION 2482519 BADGER PO BOX 368 FALL CREEK WI 64742 SPRAYING BRUSHING 359587 A-1 POWER PO BOX 90 BLOOMER WI 54724 URD SERVICE 238490 3 SALE OF POWER 221000 14760107 14760107 14760107 66383 66383 12565 0 12565 12565 12565 8842 -8842 -8842 -8842 22793 24278 -1485 -1485 CAPTIAL CREDITS 523000 365000 365000 POWERNET GLOBAL AND VIASAT 517000 3330 3330 MISC NONOPERATING INCOME 900099 1261 1261 369591 15198319 15126368 1845 70106 350223 422493 867934 1319724 COST OF POWER 7631564 MAINTENANCE EXPENSE 1409221 OPERATIONS EXPENSE 1083444 ADMINISTRATIVE & GENERA 1052181 907633 15044417 112586 82472 2534179 298083 1446176 1336990 333677 297366 436208 316948 54162407 14274348 36035805 39888059 6554845 6606261 47453476 48826179 2559620 2353031 25743379 27366069 1361987 1424366 29664986 31143466 X 53640 51345 795147 833453 16939703 16797915 17788490 17682713 47453476 48826179 X 153902 -259679 X X 0 1 X 1 0 426586 426586 9169129 368037 8801092 44566692 13906311 30660381 39888059 DAIRYLAND POWER COOPERATIVE 5126492 C NATIONAL RURAL UTILITIES COOP 958670 C OTHER ASSOCIATED ORGANIZATIONS 351100 C RESCO ASSOCIATION 169999 C 6606261 DEFERRED CREDITS 326831 POST RETIREMENT BENEFITS 1097535 1424366 X 15198319 0 15198319 0 15198319 14694194 0 14694194 350223 350223 15044417 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2020 AND 2019. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 350,223. X X X 0 0 0 JIM ANDERSON GENERAL MANAGER/CEO 191470 0 0 0 0 0 146844 0 30654 0 368968 0 0 0 SAMUEL HOWARD LINEMAN 101371 0 0 0 0 0 73243 0 28726 0 203340 0 0 0 JOE DONNELLAN LINEMAN 100339 0 0 0 0 0 72871 0 28704 0 201914 0 0 0 GREG WALTERS LINEMAN 104320 0 0 0 0 0 69282 0 27954 0 201556 0 0 0 KEVIN WRIGHT LINEMAN 111344 0 0 0 0 0 45344 0 27892 0 184580 0 0 0 DANIEL ANGLEMYER LINEMAN 110121 0 0 0 0 0 39853 0 27892 0 177866 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A 15 OR MORE MEMBERS OF A DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED MAY MAKE NOMINATIONS EACH MEMBER RECEIVES A BALLOT CONTAINING THE NAMES OF THE QUALIFIED CANDIDATES NOMINATED FOR THE DIRECTOR POSITIONS EACH MEMBER OF THE COOPERATIVE IS ELIGIBLE TO VOTE FOR ONE CANDIDATE FROM EACH DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE BOARD OF DIRECTORS. 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 ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE 990 IS REVIEWED BY THE GENERAL MANAGER, FINANCE MANAGER AND THE BOARD OF DIRECTORS. THE BOARD CHAIRMAN SIGNS 990 AFTER THIS REVIEW AND BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY MUST BE SIGNED BY EACH CURRENT EMPLOYEE AND DIRECTOR ANNUALLY AS WELL AS EACH NEW EMPLOYEE AND DIRECTOR AT TIME OF HIRE. 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. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY FOR SIMILAR POSITIONS USING THE NRECA NATIONAL COMPENSATION SURVEY FOR ELECTRIC COOPERATIVES. THE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS IN EXECUTIVE SESSION, THIS IS DONE ONCE A YEAR IN THE SEPTEMBER WITH RAISES EFFECTIVE JANUARY 1. THE CONTRACT IS APPROVED BY THE BOARD OF DIRECTORS AND IS KEPT IN THEIR PERSONNEL FILE. OTHER HIGHLY COMPENSATED EMPLOYEES ARE UNION EMPLOYEES. THE AMOUNT IN THE UNION AGREEMENT IS NEGOTIATED BY THE CEO THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY FOR SIMILAR POSITIONS USING THE NRECA NATIONAL COMPENSATION SURVEY FOR ELECTRIC COOPERATIVES. THE AGREEMENTS ARE USUALLY 3 YEARS AND THE RESULTS ARE DOCUMENTED IN THE UNION AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS MINUTES, BYLAWS, AND GOVERNANCE INFORMATION AVAILABLE TO THE PUBLIC BY MAKING THIS INFORMATION AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY AND DISTRIBUTED AT AN ANNUAL MEETING FOR MEMBERS. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL -607,607. CHANGE IN MEMBERSHIPS -2,295. PATRONAGE DIVIDEND ALLOCATED 350,223. 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.