2018-05-02T12:49:28-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 420163705 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE BUTL 3192672726 PO BOX 98 ALLISON IA 506020098 CRAIG CODNER CEO 3192672726 2018-04-24 1 CRAIG POPENHAGEN P01587689 5074347000 2017 2022-09-23 18:48:47Z CRAIG CODNER PO BOX 98 ALLISON IA 506020098 29185584 0 X WWW.BUTLERREC.COOP X 1936 IA PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 9 9 42 0 665 0 0 0 25207851 27151983 291403 342544 2209556 1512645 27708810 29007172 0 0 2433395 562046 319008 350725 0 0 0 24613260 26560888 27365663 27473659 343147 1533513 52208601 55327873 29988304 31247743 22220297 24080130 PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 0 0 DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA. 0 0 0 0 0 0 0 0 0 1 0 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 0 0 1 14 0 42 1 1 1 0 0 0 0 27334980 1936057 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CRAIG CODNER 3192672726 521 N MAIN ST PO BOX 98 ALLISON IA 506020098 GARY POPPE VICE PRESIDENT 3.80 X X 5200 0 0 LELAND BOYD TREASURER 5.00 X X 6825 0 0 TIM SCHRAGE SECRETARY 4.80 X X 7650 0 0 DUANE RIECKENBERG PRESIDENT 3.90 X X 8200 0 0 DONALD FELDMAN DIRECTOR 3.50 X 4575 0 0 JOHN KLAHSEN DIRECTOR 4.00 X 6775 0 0 STEVE BOEVERS DIRECTOR 2.40 X 5800 0 0 ALLYN HARMS DIRECTOR 3.80 X 7250 0 0 GERALD SCHMIDTT ASSISTANT SECRETARY-TREASURER 4.10 X X 6825 0 0 JANE BRADLEY RECORDING SECRETARY 40.00 X 69941 0 27599 CRAIG CODNER CEO 40.00 X 145030 0 49055 274071 0 76654 1 0 1 0 LEGACY POWER LINE INC 12822 US HWY 10 E WADENA MN 56482 CONSTRUCTION 160752 1 SALE OF POWER 221000 27151983 27151983 27151983 317044 317044 25500 0 25500 25500 25500 214255 178412 35843 35178 665 CAPITAL CREDITS 523000 1476802 1476802 1476802 29007172 28663963 665 342544 562046 350725 998663 1573265 COST OF POWER 19961560 ADMIN & GENERAL EXP 991907 DIST EXPENSE - MAINT 981462 DIST EXP - OPERATIONS 882694 1171337 27473659 1687316 1773485 482925 982841 2752286 3185808 479014 480124 1162948 994667 50344706 14550246 34730115 35794460 9950 6444 10401762 11557759 26391 26391 475894 525894 52208601 55327873 2768089 3027795 781289 731485 25245018 26766486 544214 73538 649694 648439 29988304 31247743 X 0 0 0 0 22220297 24080130 22220297 24080130 52208601 55327873 X 1533513 326320 X X 0 1 X 1 0 57567 57567 1639805 1058614 581191 4238649 2886350 1352299 44408685 10605282 33803403 35794460 PAT CAP IN ASSOC ORGS 9444151 C NRUCFC CAPITAL TERM CERTS 516937 C NRUCFC MEMBER CAP SECS 50000 C ECONOMIC DEVEL LOANS 53416 C REVOLVING LOAN FUNDS 1010450 C OTHER INVESTMENTS 482805 C 11557759 CONSUMER DEPOSITS 179245 PATRONAGE CAPITAL PAYABLE 20294 ACCUMULATED PROVISION FOR PENSION & BENEFITS 448900 648439 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC), AND NIDCO IS EXEMPT UNDER SECTION 501(C)(3). THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2014. X X 0 0 0 CRAIG CODNER CEO 137500 0 0 0 7530 0 34375 0 14680 0 194085 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN KLAHSEN, DIRECTOR, & DONALD FELDMAN, DIRECTOR, OF THE BOARD OF DIRECTORS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP VOTES ON ANY CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE BOARD OF DIRECTORS REVIEWED THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE EXPECTED TO DECLARE ANY CONFLICTS OF INTEREST. DIRECTORS ARE TO ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY MATTERS INVOLVING A CONFLICT OF INTEREST. CONFLICT OF INTEREST STATEMENTS ARE FOR INTERNAL USE ONLY AND ARE THERE TO DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST WITH ANY OF THE COOPERATIVE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 CEO AND RECORDING SECRETARY'S COMPENSATION WERE REVIEWED AND APPROVED IN 2017 BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -244,321. NET ACTUARIAL LOSS ON POST RETIREMENT BENEFITS 12,100. BOOK/TAX DIFFERENCE - SUBSIDIARY INCOME -3,505. PATRONAGE DIVIDENDS PAID 562,046. PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT 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. NORTHEAST IOWA DEVELOPMENT CORP 521 NORTH MAIN STREET ALLISON IA 50602 421373757 HOUSING LOANS IA 501(C)(3) LINE 7 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE 0 FIVE RIVERS DEVELOPMENT CORP 521 NORTH MAIN ALLISON IA 50602 421436185 ECONOMIC DEVELOPMENT IA BUTLER COUNTY REC C -2072 49931 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 NO TRANSACTIONS OVER 50000