2020-11-02T11:49:01-06:00 2019-12-31 450310328 BRADY MARTZ AND ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2019-01-01 410404900 MEEKER COOPERATIVE LIGHT & POWER ASSOCIATION MEEK 3206933231 1725 US HWY 12 E STE 100 LITCHFIELD MN 55355 TIMOTHY N MERGEN CEO/GENERAL MANAGER 3206933231 2020-10-26 1 DAVID HOLT P00014251 7017754685 2020-10-26 24.111.23.187 2020-10-26 13:19:22 CD P 395636C0289E73AFD8F252F18F8A4C9B0684D197 6C39C89A0B916563EEFC9C4D81EC75D1023FE21F 2019 2021-04-22 16:20:28Z MEEKER COOPERATIVE TIMOTHY N MERGEN 1725 US HWY 12 E STE 100 LITCHFIELD MN 55355 23337614 0 X WWW.MEEKER.COOP X 1935 MN PROVIDE SAFE, RELIABLE ENERGY & OTHER VALUE ADDED SERVICES TO MEMBERS. 9 8 49 0 57772 44074 0 0 22933763 22346539 301029 303454 822354 569289 24057146 23219282 0 0 3145406 2159397 547351 570389 0 0 0 20020880 22182217 23713637 24912003 343509 -1692721 73457034 92510021 41079255 60172970 32377779 32337051 TO ENHANCE THE QUALITY OF LIFE OF THE COOPERATIVE'S MEMBERS AND CUSTOMERS BY PROVIDING SAFE, RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER VALUE ADDED SERVICES WHILE PRACTICING ENVIRONMENTAL STEWARDSHIP. 0 0 PROVIDING SAFE, RELIABLE ENERGY AND OTHER VALUE ADDED SERVICES TO 7,749 MEMBERS. 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 1 0 0 1 66 0 49 1 1 1 0 0 0 0 23154524 1488144 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X KARI MILLER 3206933231 1725 US HWY 12 E STE 100 LITCHFIELD MN 553550068 X KAREN L BECKER PRESIDENT 6.90 X 9250 0 0 KEVIN ISSENDORF VICE PRESIDENT 6.40 X 9410 0 0 BRADLEY DONNAY SECRETARY 5.70 X 8110 0 0 KARL LUNDIN TREASURER 6.50 X 9500 0 0 PAUL BUGBEE DIRECTOR 4.10 X 6670 0 0 LARRY HUHN DIRECTOR 6.10 X 9140 0 0 K BRUCE KRUEGER DIRECTOR 4.60 X 8090 0 0 MARK LARSON DIRECTOR 3.40 X 6510 0 0 STEPHEN PLAISANCE DIRECTOR 4.70 X 3770 0 0 MATTHEW WOETZEL DIRECTOR 1.90 X 960 0 0 TIMOTHY N MERGEN CEO/GENERAL MANAGER 52.30 X 260079 0 151274 KARI A MILLER FINANCE MANAGER 49.30 X 135268 0 24197 LUKE JOHNSON OPERATIONS & BROADBAND MANAGER 57.90 X 147898 0 39833 STEVEN KOSBAB MANAGER OF ENERGY SERVICES 49.00 X 133094 0 41758 BRANDON SKALBERG LINEMAN 45.30 X 114579 0 18207 SHAWN MARTHALER LINEMAN 43.70 X 110870 0 23469 ALLEN RESMEN LINEMAN 43.20 X 109971 0 30919 1083169 0 329657 10 0 1 0 PULSE BROADBAND LLC 2121 COOPERATIVE WAY SUITE 600 HERNDON VA 20171 BROADBAND CONSTRUCTION 6827117 STAR ENERGY SERVICES LLC PO BOX 1677 MONTICELLO MN 55362 ENGINEERING SERVICES 747891 KIVISTO WEST TREE SERVICE 72246 CSAH 24 DASSEL MN 55325 TREE TRIMMING SERVICES 493183 RATH UNDERGROUND LLC 6941 HOLLY LANE N MAPLE GROVE MN 55311 UNDERGROUND LINE CONSTRUCTION 307196 4 ELECTRIC REVENUE 221000 22346539 22346539 0 22346539 298541 298541 74654 52863 21791 21791 21791 4913 0 4913 4913 4913 73455 65469 7986 7986 CAPITAL CREDITS 900099 485056 485056 INCOME FROM PARTNERSHIPS 900099 49786 49786 NON-OPER INC/WILD BLUE 900099 4670 4670 539512 23219282 22862969 57772 298541 X 2159397 570389 1721994 2105194 COST OF POWER 12411511 DIST. EXP. - MAINTENANC 2812083 ADMIN & GENERAL EXP 1153221 CUST. SERVICE & INFORMA 883438 1094776 24912003 1811543 120701 29111 9658 3357497 3957319 12795 35528 3090077 3883688 189077 253698 97214905 24309459 53774194 72905446 10573353 10801477 111192 83618 508195 458888 73457034 92510021 4663624 6778920 36170163 53151103 245468 242947 41079255 60172970 X 0 0 0 0 32377779 32337051 32377779 32337051 73457034 92510021 X -1692721 1651993 X 0 1 X 1 0 1211925 1211925 5977174 1899283 4077891 71505819 22410176 49095643 18519987 18519987 72905446 SECURITIES AND OTHER INVESTMENTS 10801477 C 10801477 CONSUMER DEPOSITS 242947 242947 X 23217274 0 23217274 2008 2008 23219282 22752607 0 22752607 2159396 2159396 24912003 PART X, LINE 2: INCOME TAXES: THE COOPERATIVE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 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. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK TO TAX DIFFERENCES ON K-1'S 2,008. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED CAPITAL CREDITS 2,159,396. X X X 0 0 0 TIMOTHY N MERGEN CEO/GENERAL MANAGER 237595 0 0 0 22484 0 148568 0 4561 0 413208 0 0 0 KARI A MILLER FINANCE MANAGER 127398 0 7500 0 370 0 15367 0 9728 0 160363 0 0 0 LUKE JOHNSON OPERATIONS & BROADBAND MANAGER 133587 0 13500 0 811 0 24292 0 16299 0 188489 0 0 0 STEVEN KOSBAB MANAGER OF ENERGY SERVICES 125594 0 6500 0 1000 0 25868 0 16775 0 175737 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEEKER COOPERATIVE IS A NON-PROFIT 501(C)(12) CORPORATION OPERATING AS A COOPERATIVE. THE OWNERS OF MEEKER COOPERATIVE ARE THE MEMBERS WHO HAVE EQUAL VOTING RIGHTS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A MEEKER COOPERATIVE HAS NINE DISTRICTS. THE MEMBERS OF MEEKER COOPERATIVE VOTE TO ELECT THE DIRECTOR WITHIN THEIR DISTRICT. DIRECTORS ELECTED FROM EACH DISTRICT MAKE UP THE GOVERNING BODY AND SERVE THE MEMBERSHIP AT LARGE. FORM 990, PART VI, SECTION A, LINE 7B THE VOTING MEMBERS OF THE COOPERATIVE APPROVE ANY AMENDMENTS TO THE BY-LAWS GOVERNING MEEKER COOPERATIVE. THE GOVERNING BODY OF THE COOPERATIVE ADHERES TO THIS GOVERNING DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED BOARD MEETING. THE DOCUMENT IS ACCEPTED BY THE BOARD OF DIRECTORS. THE 990 IS THEN FILED. THE FORM 990 IS ALSO REVIEWED BY THE CEO AND THE FINANCIAL MANAGER. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. ANNUALLY, THE BOARD OF DIRECTOR COMPLETES AND SIGNS A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 CEO JOB PERFORMANCE APPRAISAL AND COMPENSATION IS REVIEWED ANNUALLY. EACH DIRECTOR EVALUATES THE CEO INDIVIDUALLY BASED ON EIGHT CRITERIA. INDIVIDUAL APPRAISALS ARE COMPILED INTO A FINAL APPRAISAL WHICH IS THEN COVERED WITH THE CEO. THE NRECA COMPENSATION SURVEY IS ANALYZED AND USED TO MAKE COMPARATIVE SALARY ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS ARE AVAILABLE ON MEEKER COOPERATIVE'S WEBSITE. THE ANNUAL FINANCIAL STATEMENT IS PRESENTED AT THE ANNUAL MEETING TO THE MEMBERSHIP. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, POLICIES AND FORM 990 ARE AVAILABLE UPON REQUEST TO THE PUBLIC. FORM 990, PART VII: OFFICER AND DIRECTOR COMPENSATION REPORTED ON PART IX, LINE 5 DOES NOT EQUAL THE TOTAL COMPENSATION REPORTED ON PART VII, LINE 1B FOR THESE INDIVIDUALS. THE DIFFERENCE OF $71,838 IS DUE TO THE DIFFERENCE BETWEEN THE CURRENT YEAR CONTRIBUTIONS (A CURRENT YEAR EXPENSE) AND THE INCREASE IN ACTUARIAL VALUE. THE INCREASE IN ACTUARIAL VALUE IS NOT A CURRENT YEAR EXPENSE, BUT IS REPORTED AS COMPENSATION FOR PURPOSES OF PART VII. INCLUDED IN PART VII, COLUMN "F", OTHER COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS, THE ESTIMATED INCREASE IS: TIMOTHY N. MERGEN: $134,130 KARI A. MILLER: $5,217 THIS AMOUNT IS AN ESTIMATE OF 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 AS FOLLOWS: TIMOTHY N. MERGEN: $58,584 KARI A. MILLER: $8,924 THE AMOUNT IS INCLUDED IN THE ABOVE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. 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 -950,416. CAPITAL CREDIT CLASS B 432,021. DONATED CAPITAL 3,070. PATRONAGE CAPITAL RETIREMENT 9,934. BOOK/TAX DIFFERENCE FROM K-1'S -2,008. ALLOCATED CAPITAL CREDITS 2,159,397. MISCELLANEOUS ROUNDING ADJUSTMENT -5. MEEKER COOPERATIVE ELECTRIC TRUST 1725 US HWY 12 E SUITE 100 LITCHFIELD MN 55355 416446397 ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE & EDUCATIONAL PURPOSES MN 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0