2021-09-27T15:53:38-05:00 2020-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-01-01 410128105 CONNEXUS ENERGY CONN 7633232600 14601 RAMSEY BOULEVARD RAMSEY MN 55303 YAN PAUL MARTINEZ VICE PRESIDENT/CFO 7633232600 2021-09-23 1 YAN PAUL MARTINEZ 999009999 LAURIE HANSON CPA P00851848 6053391999 2021-09-20 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREG RIDDERBUSCH 14601 RAMSEY BOULEVARD RAMSEY MN 55303 255190964 0 X WWW.CONNEXUSENERGY.COM X 1937 MN PROVIDING UTILITY SERVICES TO MEMBERS. 8 8 235 0 0 0 0 0 245315792 253869150 975004 663353 495177 630606 246785973 255163109 467990 546029 12941005 16433205 25892079 25799343 0 0 0 207484899 212384532 246785973 255163109 0 0 453628669 462654743 249621278 249992727 204007391 212662016 CONNEXUS ENERGY SERVES OUR MEMBERSHIP BY PROVIDING COST COMPETITIVE, RELIABLE ELECTRICITY AND RELATED SERVICES, WITH AN ENVIRONMENTAL COMMITMENT, AFFIRMING THE VALUE OF MEMBER COOPERATIVE OWNERSHIP. 0 0 CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 138,394 MEMBERS IN SEVEN COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 148 0 1 235 1 0 0 0 0 0 252028202 9543814 0 0 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X NANCY BASARA 7633232731 14601 RAMSEY BOULEVARD RAMSEY MN 55303 X FRAN BATOR CHAIR 24.00 0.00 X X 51555 0 0 MICHAEL CADY DIRECTOR 10.00 0.00 X X 46602 0 0 DONALD HOLL DIRECTOR 13.00 0.00 X 27102 0 19500 PETER WOJCIECHOWSKI ASST. SECRETARY/TREASURER 16.00 0.00 X 46627 0 0 SHELLY PETERSON DIRECTOR 16.00 0.00 X 46626 0 0 KENNETH FIERECK DIRECTOR 16.00 0.00 X 28602 0 18000 GORDON WESTERLIND SECRETARY/TREASURER 15.00 0.00 X X 27842 0 19000 MARK ETHEN VICE CHAIR 16.00 0.00 X X 27102 0 19500 GREG RIDDERBUSCH PRESIDENT/CEO 50.00 0.20 X 769443 0 54202 MICHAEL BASH VP,CFO UNTIL 10/2020 45.00 0.50 X 448215 0 132028 MATT YSETH VP,ELECTRIC OPERATIONS UNTIL 09/2020 45.00 0.00 X 310970 0 70811 PETER MILLER VP,HUMAN RESOURCES 45.00 0.00 X 312174 0 86318 DON HALLER VP, MEMBER SERVICES 50.00 0.30 X 271115 0 68410 BRIAN BURANDT VP, POWER SUPPLY AND BUS. 45.00 0.00 X 268891 0 56312 MARK KOPLIN VP, TECHNOLOGY 45.00 0.00 X 254810 0 50252 YAN PAUL MARTINEZ VP,CFO FROM 10/2020 45.00 0.00 X 52993 0 7991 NICK LOEHLEIN VP, ELECTRIC OPERATIONS FROM 09/2020 50.00 0.00 X 207263 0 56649 NANCY BASARA CONTROLLER 43.00 0.00 X 217991 0 55364 DUSTIN JUDE CREW LEADER 54.00 0.00 X 182176 0 56007 SCOTT JOHNSON LEAD - LINEMAN 53.00 0.00 X 172613 0 51131 JEFF HENDRICKSON MANAGER - FINANCE 44.00 0.00 X 175274 0 50139 GREG GROENJES MANAGER - CONSTRUCTION & MAINTENANCE 45.00 0.00 X 191164 0 28842 4137150 0 900456 115 0 1 0 RP SCHROEDER CONSTRUCTION 18329 263RD AVE BIG LAKE MN 55309 CONSTRUCTION SERVICES 2582671 ASPLUNDH TREE EXPERTS LLC 1700 SOLUTIONS CENTER CHICAGO IL 60677 VEGETATION MANAGEMENT 2344619 WRIGHT TREE SERVICEINC PO BOX 1718 DES MOINES IA 50306 VEGETATION MANAGEMENT 1374992 NEXTERA ENERGY CAPITAL HOLDINGS 700 UNIVERSE BLVD JUNO BEACH FL 33408 SOLAR ENERGY STORAGE MGMT 1318559 CARR'S TREE SERVICE INC PO BOX 250 OTTERTAIL MN 56571 VEGETATION MANAGEMENT 1071431 27 SALE OF ELECTRICITY 221000 246950192 246950192 ALLOC. OF GREAT RIVER 221000 4443066 4443066 OTHER 221000 1385307 1385307 UTILITY SERVICES REV 221000 1090585 1090585 253869150 375497 375497 343919 0 343919 343919 343919 207976 107735 0 27855 207976 79880 287856 287856 EQUITY EARNINGS-FED AC 900099 286687 286687 286687 255163109 254155837 0 1007272 X 546029 16433205 3630308 16289715 2304347 2181224 1393749 164890 81055 1595237 542628 1330141 2535100 1117453 166535 18287 6871471 12885905 512430 COST OF POWER 173231683 ELECTRIC OPERATIONS 6002220 PROPERTY TAXES 3722533 FLEET/VEHICLE EXPENSE 315118 1291846 255163109 2370 2340 30057719 29981247 4087516 3952242 2265022 1544169 406723836 157008581 244774417 249715255 9370562 9402441 148834542 151516426 941 941 14235580 16539682 453628669 462654743 21935963 21899815 163795563 161524030 12006753 14366525 51882999 52202357 249621278 249992727 X 0 0 0 0 204007391 212662016 204007391 212662016 453628669 462654743 X 0 8654625 X 0 1 X 1 0 2317228 2317228 14801209 7502084 7299125 386069660 149506497 236563163 3535739 3535739 249715255 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 151516426 C 151516426 DEFERRED CREDITS 167377 PAYABLE TO GREAT RIVER ENERGY 26681649 OTHER LIABILITIES 1092428 DEFERRED COMPENSATION 2939350 MEMBER DEPOSITS 1819283 ENERGY STORAGE SERVICE AGREEMENT 19502270 52202357 X 248291638 -6871471 -6871471 255163109 0 255163109 231858433 0 231858433 23304676 23304676 255163109 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS INCOME TAX POSITIONS ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2020 AND 2019 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE -6,871,471. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 16,433,205. INTEREST EXPENSE 6,871,471. 1 THE CONNEXUS ENERGY FOUNDATION 14601 RAMSEY BLVD NW RAMSEY MN 55303 843918068 501(C)(3) 540819 GENERAL DONATION 1 PART I, LINE 2: THE TOTAL AMOUNT OF CONTRIBUTIONS PLANNED FOR A YEAR IS APPROVED BY THE BOARD AS A PART OF OUR ANNUAL PROFIT PLANNING PROCESS. INDIVIDUAL CONTRIBUTIONS ARE APPROVED AND SUBSTANTIATED USING OUR NORMAL PAYMENT APPROVAL PROCESS. X X X X 1 1 0 GREG RIDDERBUSCH PRESIDENT/CEO 478066 0 244686 0 46691 0 28500 0 26495 0 824438 0 0 0 MICHAEL BASH VP,CFO UNTIL 10/2020 370731 0 68088 0 9396 0 101802 0 30757 0 580774 0 0 0 PETER MILLER VP,HUMAN RESOURCES 252692 0 52068 0 7414 0 61538 0 25134 0 398846 0 0 0 MATT YSETH VP,ELECTRIC OPERATIONS UNTIL 09/2020 212256 0 55200 0 43514 0 51457 0 19679 0 382106 0 0 0 DON HALLER VP, MEMBER SERVICES 223596 0 46117 0 1402 0 40807 0 27969 0 339891 0 0 0 BRIAN BURANDT VP, POWER SUPPLY AND BUS. 223712 0 43893 0 1286 0 27346 0 29364 0 325601 0 0 0 MARK KOPLIN VP, TECHNOLOGY 215681 0 37151 0 1978 0 25524 0 25086 0 305420 0 0 0 NANCY BASARA CONTROLLER 188973 0 27303 0 1715 0 29600 0 26078 0 273669 0 0 0 NICK LOEHLEIN VP, ELECTRIC OPERATIONS FROM 09/2020 181090 0 24090 0 2083 0 27683 0 29320 0 264266 0 0 0 DUSTIN JUDE CREW LEADER 164471 0 13813 0 3892 0 22041 0 34150 0 238367 0 0 0 JEFF HENDRICKSON MANAGER - FINANCE 152365 0 21037 0 1872 0 25534 0 24856 0 225664 0 0 0 SCOTT JOHNSON LEAD - LINEMAN 159050 0 10958 0 2605 0 22828 0 28481 0 223922 0 0 0 GREG GROENJES MANAGER - CONSTRUCTION & MAINTENANCE 165457 0 23115 0 2592 0 17819 0 11295 0 220278 0 0 0 PART I, LINES 4A-B MATT YSETH RECEIVED A SEVERANCE PAYMENT OF $41,103.76 IN 2020. MIKE BASH PARTICIPATED IN A KEYSOP PLAN IN 2020. FORM 990, PART VI, SECTION A, LINE 2 DON HALLER, MATT YSETH, GREG RIDDERBUSCH, AND MIKE BASH ARE ALL OFFICERS (OR FORMER OFFICERS) OF CONNEXUS ENERGY AND BOARD MEMBERS OF CONNEXUS BLOCKER, LLC. FRAN BATOR AND MARK ETHAN ARE BOTH DIRECTORS OF CONNEXUS ENERGY AND GREAT RIVER ENERGY. FORM 990, PART VI, SECTION A, LINE 6 CUSTOMERS WHO PURCHASE ELECTRICITY FROM THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE. THERE IS ONLY ONE MEMBER CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY SELL THE PROPERTY OF THE COOPERATIVE UPON SUCH TERMS AND CONDITIONS AS IT DEEMS APPROPRIATE AND IN THE BEST INTEREST OF THE COOPERATIVE. NO SALE OF MORE THAN TWENTY-FIVE (25%) PERCENT OF THE PROPERTY OF THE COOPERATIVE SHALL BE EFFECTIVE, HOWEVER, UNLESS AUTHORIZED AT A REGULAR OR SPECIAL MEETING BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 INFORMATION RETURN IS DELIVERED TO BOARD MEMBERS A WEEK BEFORE THE BOARD MEETING. IT IS REVIEWED WITH THE ENTIRE BOARD OF DIRECTORS AND SENIOR STAFF AT THE BOARD MEETING, PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS SIGN A CERTIFICATION STATEMENT THAT THEY MEET THE QUALIFICATIONS OF A BOARD MEMBER. THIS CERTIFICATION INCLUDES CONFLICT OF INTEREST LANGUAGE. IF A BOARD MEMBER STATES ON THE CERTIFICATION THAT THERE IS A CONFLICT, THE ENTIRE BOARD WILL REVIEW THE CONFLICT AT THAT TIME. RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT WOULD BE DEPENDENT UPON THE SPECIFIC SITUATION, AND MAY INCLUDE ABSTAINING FROM DISCUSSIONS AND VOTING AND/OR A REQUEST FOR RESIGNATION. ALL EMPLOYEES OF THE COOPERATIVE (INCLUDING OFFICERS) ARE GOVERNED BY A BUSINESS CONDUCT AND ETHICS POLICY WHICH INCLUDES CONFLICT OF INTEREST LANGUAGE. POSSIBLE VIOLATIONS ARE REPORTED TO MANAGEMENT FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON MARKET DATA FOR SIMILAR POSITIONS AT COMPARABLE COMPANIES. A MARKET STUDY WAS COMPLETED FOR THE CEO IN 2017 AND FOR THE OTHER COOPERATIVE OFFICERS IN 2020. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE PREVIOUS 5 YEARS ARE AVAILABLE ON OUR WEBSITE. ALL OTHER DOCUMENTS ARE MADE 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 VALUE OF THE DEFINED BENEFIT PLAN FOR THE EMPLOYEES OF THE COOPERATIVE WHO ARE COVERED BY THE PENSION PLAN. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: 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 BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -7,778,580. ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 16,433,205. THE CONNEXUS ENERGY FOUNDATION 14601 RAMSEY BLVD RAMSEY MN 55303 843918068 GRANT MAKING MN 501(C)(3) PF CONNEXUS ENERGY 1 CONNEXUS COMMUNITY SOLAR 1 LLC 14601 RAMSEY BLVD RAMSEY MN 55303 352505435 SOLAR ENERGY INVESTMENT MN N/A 0 1 CONNEXUS BLOCKER LLC 14601 RAMSEY BLVD RAMSEY MN 55303 465423665 HOLDING COMPANY FOR SOLAR ENERGY INVESTMENTS. MN CONNEXUS ENERGY C 324 26303 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 THE CONNEXUS ENERGY FOUNDATION B 540819 CASH