2020-09-30T10:53:51-05:00 2019-12-31 450310328 BRADY MARTZ AND ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2019-01-01 410411772 MILLE LACS ENERGY COOPERATIVE MILL 2189272191 PO BOX 230 AITKIN MN 56431 SARAH CRON CHIEF EXECUTIVE OFFICER 2189272191 2020-09-21 1 DAVID HOLT P00014251 7017754685 2020-09-21 24.111.23.187 2020-09-21 15:11:32 CD P 395636C0289E73AFD8F252F18F8A4C9B0684D197 6C39C89A0B916563EEFC9C4D81EC75D1023FE21F 2019 2021-04-22 16:20:28Z PO BOX 230 AITKIN MN 56431 29748405 0 X WWW.MLECMN.NET X 1939 MN PROVIDES ELECTRIC DISTRIBUTION SERVICE TO 13,325 MEMBERS OF THE COOPERATIVE 7 6 51 0 319572 0 0 0 25777504 28303835 234791 195921 1105199 1242860 27117494 29742616 0 0 1981588 0 660322 423340 0 0 0 24825584 27895147 27467494 28318487 -350000 1424129 76403010 83188878 46884158 53147827 29518852 30041051 501(C)12 ELECTRIC DISTRIBUTION COOPERATIVE - EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO OUR MEMBERS 0 0 PROVIDE ELECTRIC SERVICE TO 13,325 MEMBERS OF THE COOPERATIVE PROVIDE FIBER BROADBAND SERVICE TO PATRONS OF THE COOPERATIVE 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 1 0 0 0 0 0 1 0 0 1 13 0 51 1 1 1 0 0 0 0 27437959 1725724 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 X THE ORGANIZATION 2189272191 36559 US HIGHWAY 169 AITKIN MN 56431 HAROLD HARMS PRESIDENT 10.44 X 15886 0 0 DONALD APPEL VICE PRESIDENT 7.36 X 12925 0 0 BARBARA WELTY SECRETARY/TREASURER 4.96 X 13312 0 0 AILEEN R DEMENGE ASST SECRETARY/TREASURER 4.64 X 12536 0 0 WILLIAM BERNARD DIRECTOR 4.55 X 13357 0 0 MICHAEL W REEM DIRECTOR 5.61 X 13358 0 0 BRUCE ROBINSON DIRECTOR 7.20 X 13209 0 0 CAROL KYAR ACCOUNTING AND FINANCE MAN 54.11 X 134383 0 39850 SARAH CRON CEO 41.47 X 136717 0 17807 CALVIN SEGUIN LINEMAN 47.44 X 123870 0 31382 WILLIAM FILLION OPERATION MANAGER 44.44 X 119635 0 23556 SHELLY DEFOE MEMBER SERVICE MANAGER 43.13 X 114140 0 34516 TIMOTHY SORENSON LINEMAN 44.53 X 114338 0 24134 JAY EIDE LEAD LINE WORKER 43.50 X 109074 0 11865 946740 0 183110 13 0 1 0 NEW AGE TREE SERVICE 410 3RD AVE SW SPRING GROVE MN 55974 RIGHT OF WAY CLEARING 1173754 ELITE UNDERGROUND INC 9351 OAK BLUFF BRAINARD MN 56401 CONTRACT WORK FIBER 1012171 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWARE SERVICES 299407 COOPERATIVE NETWORK SERVICES LLC 14 MAIN STREET SW MENAHGA MN 56464 CONTRACT WORK FIBER 144248 4 ELECTRIC SALES 221000 27137344 27137344 OTHER MISCELLANEOUS REVENUE 221000 973841 973841 FORFEIRED DISCOUNTS 221000 159819 159819 POLES, ATTACHMENTS & OTHER RENTAL 221000 32831 32831 28303835 201710 201710 5789 -5789 -5789 -5789 23014 0 23014 23014 INTERNET & LD PHONE 517000 603317 306759 296558 GENERATION & TRANSMISSION AND OTH 900099 477657 477657 OTHER CAPITAL CREDITS 900099 125827 125827 13045 13045 1219846 29742616 29194292 319572 228752 X 423340 1431319 3330532 COST OF POWER 15801308 DISTRIBUTION - OPERATIO 3891111 ADMINISTRATIVE AND GENE 1337511 CONSUMER ACCOUNTS 859005 1244361 28318487 347725 136538 4957532 8599178 5840032 5215208 818967 883370 2497097 2265707 75943052 28384134 45296501 47558918 14463620 16049012 2181536 2480947 76403010 83188878 9442276 8477344 39808 49642 36568193 43425987 833881 1194854 46884158 53147827 X 0 0 0 0 29518852 30041051 29518852 30041051 76403010 83188878 X 1424129 -901930 X X 0 1 X 1 0 169976 169976 1978436 1369556 608880 11507288 2798353 8708935 62287352 24216225 38071127 47558918 CAPITAL CREDITS OTHER COOP ORGANIZATIONS 13132787 C MEMBERSHIP FEES 1125 C CFC CAPITAL TERM CERTIFICATES 1013568 C MINNESOTA RURAL ELECTRIC TRUST 39208 C ECONOMIC DEVELOPMENT PROJECTS 185530 C INVESTMENT IN INTERNET & LD EQUIP, NET 1676794 C 16049012 CUSTOMER ENERGY PREPAYMENTS 283688 UNCLAIMED PROPERTY 288593 OTHER DEFERRED CREDITS 7516 CUSTOMER DEPOSITS 238112 INSTALLATION COSTS- METTERS & TRANS 376945 1194854 X 29748405 0 29748405 -5789 -5789 29742616 28324276 5789 5789 28318487 0 28318487 PART X, LINE 2: INCOME TAXES - THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE; HOWEVER, THE COOPERATIVE IS SUBJECT TO INCOME TAX FROM INCOME DERIVED FROM SOURCES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. FOR THE YEARS ENDING DECEMBER 31, 2019, 2018 AND 2017, MANAGEMENT HAS ESTIMATED THESE TAXES TO BE INSIGNIFICANT. THE COMPANY'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. 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: LOSS ON ASSETS SOLD -5,789. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSETS SOLD 5,789. X X X X 0 0 0 CAROL KYAR ACCOUNTING AND FINANCE MAN 132694 0 0 0 1689 0 13557 0 26293 0 174233 0 0 0 SARAH CRON CEO 135247 0 0 0 1470 0 0 0 17807 0 154524 0 0 0 CALVIN SEGUIN LINEMAN 122237 0 0 0 1633 0 14025 0 17357 0 155252 0 0 0 GREAT RIVER ENERGY HAROLD HARMS REPRESENTS THE COOPERATIVE ON GREAT RIVER ENERGY'S BOARD. 15801308 PURCHASE WHOLESALE POWER 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBER OWNED ELECTRIC COOPERATIVE FORM 990, PART VI, SECTION A, LINE 7A WE ARE A COOPERATIVE. BOARD MEMBER POSITIONS COME UP FOR ELECTION EVERY 3 YEARS. ALL MEMBERS ARE ELIGIBLE TO VOTE. THE BOARD IS AUTHORIZED TO FILL A POSITION WHEN VACATED DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 7B WHERE APPLICABLE, I.E. CHANGES IN ARTICLES OF INCORPORATION BY-LAWS, DISSOLUTION OF COOPERATIVE, ETC. ALL MEMBERS ARE ELIGIBLE TO PARTICIPATE IN THIS DECISION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 WAS PROVIDED TO EACH BOARD MEMBER. THIS WAS REVIEWED BY THE FINANCE MANAGER WITH THE BOARD AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE WAGE AND SALARY PLAN USED FOR ALL OF THE NON-UNION EMPLOYEES, INCLUDING THE MANAGEMENT TEAM, IS BASED ON SURVEY DATA PROVIDED BY NRECA FOR SIMILAR POSITIONS OF OTHER RURAL ELECTRIC COOPERATIVES IN THE U.S. THE PROCESS USED HAS BEEN APPROVED BY THE BOARD AND IS DOCUMENTED IN POLICY. THE OVERALL PLAN IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 MILLE LACS ENERGY COOPERATIVE PUBLISHES ITS ARTICLES OF INCORPORATION AND BYLAWS ON ITS WEBSITE, HAVE A COPY IN OUR LOBBY AND SEND TO ANY MEMBERS WHO REQUEST A PAPER COPY. THE COOPERATIVE PUBLISHES ITS QUARTERLY FINANCIAL STATEMENTS IN ITS MONTHLY NEWSPAPER "THE OUTLET" (WHICH IS MAILED TO ALL MEMBERS AND ALSO POSTED ON THE WEBSITE); SAME WITH ITS ANNUAL REPORT TO THEIR MEMBERSHIP. FORM 990, PART IX 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 XII 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 CREDIT -901,930. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. MILLE LACS ELECTRIC COMMUNITY TRUST PO BOX 230 AITKIN MN 56431 411902846 COMMUNITY TRUST 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 MILLE LACS ELECTRIC COMMUNITY TRUST R 77597 CASH DISTRIBUTED