2020-11-16T14:59:27-06:00 2019-12-31 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2019-01-01 380429495 CLOVERLAND ELECTRIC COOPERATIVE CLOV 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 MICHAEL HEISE PRESIDENT/CEO 9066356800 2020-11-16 1 JEFFREY E HERT CPA P00066715 2319463230 2020-11-16 75.129.83.126 2020-11-16 13:45:42 ES P 022C7DDD861B12A9420AFFA3099E3D9613D2021A 4C956BCB3BAD2C983432AEBFED00A6ED5ACFF56B 2019 2021-04-22 16:20:28Z MICHAEL HEISE 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 83150985 0 X WWW.CLOVERLAND.COM X 1938 MI ELECTRIC COOPERATIVE 9 9 126 10 -25110 0 0 0 82177466 80277089 1679678 1649033 -55923 -25110 83801221 81901012 0 0 39477 51567 1486289 1459669 0 0 0 77872144 75066464 79397910 76577700 4403311 5323312 199181494 198578715 159384431 153179201 39797063 45399514 ELECTRIC COOPERATIVE 0 0 PROVIDE ELECTRIC POWER TO 44,622 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 1 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 0 0 0 1 67 0 1 126 1 1 1 0 0 0 0 0 0 80277089 2873896 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 1 1 X LISA CASTILHO 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 GERALD NETTLETON DIRECTOR 10.00 X 7800 0 580 JASON OBERLE DIRECTOR 10.00 X 10400 0 580 ALLAN OTT DIRECTOR - FORMER 10.00 X 4400 0 290 VIRGIL MONROE DIRECTOR 10.00 X 8000 0 580 RONALD PROVO DIRECTOR 10.00 X 10000 0 580 WILLIAM LALONDE DIRECTOR 10.00 X 7400 0 580 PETER LEGAULT DIRECTOR - FORMER 10.00 X 2800 0 290 JASON ST ONGE CHAIRPERSON 10.00 X 8600 0 580 JOHN SAWRUK VICE CHAIRPERSON 10.00 X 9000 0 580 CARMINE BONACCI JR SECRETARY/TREASURER 10.00 X 10400 0 580 MICHAEL HEISE PRESIDENT/CEO 40.00 X 237354 0 25775 AARON WALLIN CFO 40.00 X 186442 0 44426 WENDY MALASKA DIR OF COMM 40.00 X 136771 0 53784 BRIAN LAVEY DIR OF ENGINEERING 40.00 X 127167 0 54297 PAUL WARNER DIR OF OPERATIONS 40.00 X 119146 0 49130 JARED KANGAS LINEMAN 40.00 X 133099 0 38900 JEFFERY BENOIT LINE BENOIT 40.00 X 129901 0 39457 1148680 0 310989 13 0 1 0 FABRICATING MACHINING & REPAIR LLC PO BOX 217 NORWAY MI 49870 FABRICATION OF TURBINES 122610 1 ELECTRIC REVENUE FROM MEMBERS 221000 80010244 80010244 POLE CONTACT FEES 221000 266845 266845 80277089 1631167 1545452 85715 65953 23880 64422 50521 1531 -26641 -25110 -25110 1152896 1135030 17866 17866 17866 81901012 81555696 -25110 370426 X 51567 502596 646084 168179 142810 161169 4411572 6569193 COST OF POWER PURCHASED 29541009 TRANSMISSION 8758146 DISTRIBUTION MAINTENANC 8106859 COST OF POWER PRODUCED 5449388 12069128 76577700 3150 2400 2979966 496178 9148697 9761288 3936584 3716620 1081933 494223 212793737 55275033 155544552 157518704 15441796 16267543 11044816 10321759 199181494 198578715 11537121 11870917 663471 701682 140384784 134340327 6799055 6266275 159384431 153179201 X 148810 157360 1633941 1640898 38014312 43601256 39797063 45399514 199181494 198578715 X 5323312 279139 X X 0 1 X 1 0 212793737 55275033 157518704 157518704 ATC, LLC 12628864 C INVESTMENT IN NRUCFC 820539 C DEFERRED COMP 457 PLANS 585132 C OTHER INVESTMENTS IN ASSOC ORG 737039 C COBANK 685467 C FEDERATED RURAL ELECTRIC INSURANCE 517437 C PATRONAGE CAPITAL CREDITS 293065 C 16267543 DEFERRED REGULATORY ASSET 8786122 DEFERRED RETIREMENT BENEFIT 1154451 NON-UTILITY PROPERTY 381186 10321759 LINE OF CREDIT 2700000 REFUNDABLE POWER COSTS 2981143 457B DEFERRED COMP PLANS 585132 6266275 X 82124074 274629 274629 81849445 51567 51567 81901012 76641076 114943 114943 76526133 51567 51567 76577700 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 2016 THROUGH 2019, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2019. 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, 2019 OR 2018, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XII, LINE 4B PATRONAGE CAPITAL PAYMENTS TO MEMBERS - $51,567 X 0 0 X X 0 0 0 MICHAEL HEISE PRESIDENT/CEO 237354 0 0 0 0 0 0 0 25775 0 263129 0 0 0 AARON WALLIN CFO 186442 0 0 0 0 0 25160 0 19266 0 230868 0 0 0 WENDY MALASKA DIR OF COMM 136771 0 0 0 0 0 34964 0 18820 0 190555 0 0 0 BRIAN LAVEY DIR OF ENGINEERING 127167 0 0 0 0 0 35518 0 18779 0 181464 0 0 0 PAUL WARNER DIR OF OPERATIONS 119146 0 0 0 0 0 30519 0 18611 0 168276 0 0 0 JARED KANGAS LINEMAN 133099 0 0 0 0 0 20749 0 18151 0 171999 0 0 0 JEFFERY BENOIT LINE BENOIT 129901 0 0 0 0 0 21268 0 18189 0 169358 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. 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 ADMINISTRATIVE AND GENERAL 4,374,169. DISTRIBUTIONS OPERATIONS 3,231,048. TAXES - PROPERTY 2,732,575. CUSTOMER ACCOUNTS 1,840,863. CUSTOMER SERVICE AND INFO 1,350,141. ALLOCATED PAYROLL -1,459,668. FORM 990, PART XI, LINE 9: DONATED CAPITAL 110,903. INCREASE IN MEMBERSHIPS 8,550. UNRECOGNIZED CHANGE IN POST RETIREMENT BENEFIT PLANS 159,686. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.