2018-08-01T11:53:36-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 390212464 CLARK ELECTRIC COOPERATIVE CLAR 7152676188 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 HERMAN SEEBANDT BOARD PRESIDENT 7152676188 2018-07-17 1 CRAIG POPENHAGEN P01587689 5074347000 2017 2022-09-23 18:48:47Z HERMAN SEEBANDT 1209 WEST DALL-BERG ROAD GREENWOOD WI 54437 23392552 0 X WWW.CECOOP.COM X 1937 WI PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 7 7 27 0 0 0 0 0 21542586 22477950 106018 133705 481078 751581 22129682 23363236 0 0 1601181 2346153 306678 327878 0 0 0 20267669 20767630 22175528 23441661 -45846 -78425 51828522 53364154 17948360 18062611 33880162 35301543 PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 0 0 THE COOPERATIVE SOLD 189,428,261 KWH OF ELECTRICITY TO 9,178 MEMBERS DURING 2017. 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 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 11 0 1 27 1 0 0 0 0 0 22987506 1056526 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LINDA MCALEY DIR OF ADMIN SERVICES 7152676188 1209 W DALL-BERG ROAD GREENWOOD WI 54437 CHARLES BENA PRESIDENT 5.75 1.00 X X 7320 760 0 HERMAN SEEBANDT VICE-PRESIDENT 7.80 X X 10830 0 0 ALLEN JICINSKY DIRECTOR 7.70 X 11400 0 0 CHARLES LINDER SECRETARY/TREASURER 5.97 1.00 X X 9090 760 0 MARVIN VERKUILEN DIRECTOR 4.80 X 9000 0 0 SCOTT JOHNSON DIRECTOR 5.20 X 8400 0 0 JAMES HAGER DIRECTOR 6.30 X 12000 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 50.00 2.00 X 186007 0 73831 254047 1520 73831 2 0 1 0 ZIELIE'S TREE SERVICE 804 W 9TH ST N LADYSMITH WI 54848 TREE TRIMMERS 441506 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT AND BILLING SERVICES 174542 2 SALE OF POWER 221000 22477950 22477950 22477950 133705 133705 3265 -3265 -3265 -3265 26051 -26051 -26051 CAPITAL CREDITS 900099 772899 772899 MISCELLANEOUS 900099 7998 7998 780897 23363236 23232796 0 130440 2346153 327878 488128 1358411 COST OF POWER 14833392 DIST EXP - MAINTENANCE 1486740 DIST EXP - OPERATIONS 1268319 CONSUMER ACCT EXPENSE 462357 870283 23441661 483683 499132 904112 1130208 2199862 2236983 618464 509603 399484 370311 121155 120063 44093693 12286150 31066672 31807543 2112700 2423760 3441658 3384707 9697861 10208288 782871 673556 51828522 53364154 2065661 2873252 14929591 14211965 953108 977394 17948360 18062611 X 0 0 0 0 33880162 35301543 33880162 35301543 51828522 53364154 X -78425 14622 1485184 X X 0 1 X 1 0 103309 103309 5503120 5503120 4215476 2745866 1469610 34271788 9540284 24731504 31807543 3384707 C 3384707 DAIRYLAND POWER COOPERATIVE 9216083 C NRUCFC - PATRONAGE CAPITAL 94966 C NRUCFC - CAPITAL TERM CERTIFICATES 417278 C FEDERATED RURAL INSURANCE EXCHANGE - PATRONAGE CAPITAL 150970 C OTHER PATRONAGE CAPITAL 237402 C OTHER PROGRAM RELATED 91589 C 10208288 CONSUMER DEPOSITS 135416 CAPITAL CREDITS PAYABLE 841978 977394 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE SUBSIDIARY UTILIZES AN ASSET AND LIABILITY APPROACH TO FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAXES ARE COMPUTED ANNUALLY FOR DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES APPLICABLE TO THE PERIODS IN WHICH THE DIFFERENCES ARE EXPECTED TO AFFECT TAXABLE INCOME. SUCH DIFFERENCES RELATE PRIMARILY TO THE USE OF ACCELERATED DEPRECIATION METHODS FOR INCOME TAX PURPOSES AS COMPARED TO THE STRAIGHT-LINE METHOD FOR FINANCIAL REPORTING AND UNREALIZED GAINS ON AVAILABLE FOR SALE SECURITIES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE DEFERRED TAX ASSETS TO THE AMOUNT EXPECTED TO BE REALIZED. THE PROVISION FOR INCOME TAXES IS THE TAX PAYABLE OR REFUNDABLE FOR THE PERIOD PLUS OR MINUS THE CHANGE DURING THE PERIOD IN DEFERRED TAX ASSETS AND LIABILITIES. THE COOPERATIVE AND ITS SUBSIDIARY ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017. X X X 0 0 0 TIMOTHY E STEWART CEO/GENERAL MANAGER 186007 0 0 0 0 0 49141 0 24690 0 259838 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM, ASSOCIATION, CORPORATION, OR BODY POLITIC OR SUBDIVISION THEREOF WILL BECOME A MEMBER OF CLARK ELECTRIC COOPERATIVE UPON RECEIPT OF ELECTRIC SERVICE FROM THE COOPERATIVE, PROVIDED THAT HE OR SHE HAS FIRST MADE AN APPLICATION FOR MEMBERSHIP, AGREED TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AGREED TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AND AGREED TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS A CURRENT USER OF ELECTRICITY FROM THE COOPERATIVE SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. MEMBER RIGHTS INCLUDE ELECTION OF THE BOARD OF DIRECTORS. THE MEMBERSHIP MAY AMEND THE BY-LAWS OF THE COOPERATIVE BY A MAJORITY VOTE AT THE COOPERATIVE'S ANNUAL MEETING. IN KEEPING WITH A NOT-FOR-PROFIT OPERATIONS, MEMBERS ARE ASSIGNED PATRONAGE CAPITAL. THIS PATRONAGE CAPITAL IS RETIRED AS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR ARTICLES OF INCORPORATION OR BY-LAW CHANGES. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WAS PROVIDED WITH A COPY OF THE FORM 990, PRIOR TO FILING. THE DIRECTORS APPROVED FILING OF THE RETURN AS PRESENTED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED PERIODICALLY, BUT NO LESS THAN, ONCE EVERY THREE YEARS. THE BOARD OF DIRECTORS COMPLETES AN ANNUAL ASSESSMENT, LAST COMPLETED IN JUNE 2017, AND SUPERVISORS ARE RESPONSIBLE FOR REPORTING ANY CONFLICTS IMMEDIATELY TO THE CEO/GENERAL MANAGER. WHILE THE COOPERATIVE HAS NOT CURRENTLY IDENTIFIED ANY CONFLICTS, IT'S POLICY IS THAT THE SUPERVISOR SHALL, IN CONSULTATION WITH THE CEO/GENERAL MANAGER, DETERMINE THE APPROPRIATE DISCIPLINARY ACTION. SERIOUS OR CONTINUOUS VIOLATIONS OF POLICY MAY RESULT IN DISMISSAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPARED THE CEO/GENERAL MANAGER'S SALARY TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE MANAGERS IN THE UNITED STATES. THE CEO/GENERAL MANAGER'S SALARY WAS LAST REVIEWED IN MAY 2017. THE BOARD OF DIRECTORS COMPARED OTHER OFFICERS AND/OR KEY STAFF TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE LISTED POSITIONS IN THE U.S. THIS WAS LAST REVIEWED IN SEPTEMBER 2017. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -934,381. EQUITY EARNINGS 78,427. CHANGES IN OTHER EQUITY -5,015. PATRONAGE DIVIDENDS PAID 2,346,153. FORM 990, PART XII, LINE 2C: THE COOPERATIVE'S OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT AUDITOR HAS NOT CHANGED. 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. ADLER-CLARK ELECTRIC COMMUNITY COMMITMENT FOUNDATION TRUST PO BOX 190 GREENWOOD WI 54437 202040648 FOUNDATION WI 501(C)(3) PF CLARK ELECTRIC APPLIANCE & SATELLITE 0 CLARK ELECTRIC APPLIANCE & SATELLITE 111 E MILLER GREENWOOD WI 54437 391785423 SALE OF APPLIANCES AND SATELLITE SERVICES WI CLARK ELECTRIC COOP C 78427 3776362 1.00000 1 1 0 0 0 0 1 0 0 0 1 1 0 0 1 0 1 1 1 1 CLARK ELECTRIC APPLIANCE & SATELLITE A 12000 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE J 159933 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE F 150000 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE N 24174 ACTUAL AMOUNT CLARK ELECTRIC APPLIANCE & SATELLITE K 20632 ACTUAL AMOUNT