2018-09-04T14:40:42-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 460189704 SIOUX VALLEY SOUTHWESTERN ELECTRIC COOPERATIVE INC SIOU 6055343535 PO BOX 216 COLMAN SD 570170216 ALLAN WEINACHT BOARD PRESIDENT 6055343535 2018-07-30 1 CRAIG POPENHAGEN P01587689 5074347000 2017 2022-09-23 18:48:47Z SIOUX VALLEY ENERGY TIM MCCARTHY PO BOX 216 COLMAN SD 570170216 83873544 0 X WWW.SIOUXVALLEYENERGY.COM X 1939 SD TO PROVIDE ELECTRICITY UTILITY TO MEMBERS OF THE COOPERATIVE. 11 11 108 0 1695 0 0 0 74158580 79248828 489681 393684 4897586 3590464 79545847 83232976 0 0 7841737 4629947 616756 637087 0 0 0 71570325 77381328 80028818 82648362 -482971 584614 213063592 226920605 135899944 146180765 77163648 80739840 SIOUX VALLEY ENERGY'S MISSION IS "SERVING OUR MEMBERS, ALWAYS". 0 0 RURAL ELECTRIC DISTRIBUTION COOPERATIVE PROVIDING 791,435 MEGAWATT HOURS OF ELECTRICITY TO 20,703 MEMBER OWNERS. 0 0 0 0 0 0 0 1 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 1 0 0 0 1 188 0 1 108 1 1 1 0 0 0 0 80302504 2467212 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X BETTY VANDERWERFF 6055343535 47092 SD HWY 34 COLMAN SD 570170216 HENNING HANSEN DIRECTOR 10.20 X 11751 0 0 ALLAN WEINACHT VICE PRESIDENT 7.80 X X 12624 0 0 GARY DROST DIRECTOR 6.90 X 12592 0 0 GREGG JOHNSON DIRECTOR 6.10 X 12124 0 0 MARK ROGEN DIRECTOR 9.70 X 12124 0 0 BRUCE MARTINSON DIRECTOR 9.50 X 15063 0 0 DAVE DANIEL DIRECTOR 6.20 X 11124 0 0 ARLYN ZYLSTRA TREASURER 8.80 X X 12342 0 0 RODNEY DEMENT PRESIDENT 12.90 X X 18874 0 0 ALLAN KOOIMA SECRETARY 8.20 X X 12874 0 0 GARY FISH DIRECTOR 5.30 X 6624 0 0 BETTY VANDERWERFF DIRECTOR OF FIN & ACCTG 46.00 X 124781 0 84734 TIM MCCARTHY GENERAL MANAGER/CEO 50.00 X 211302 0 78154 THEODORE SMITH DIRECTOR OF ENG & OPS 46.00 X 148196 0 48174 DEBRA BIEVER DIRECTOR OF CUSTOMER & EMP 46.00 X 140311 0 62201 JUSTIN MOOSE MANAGER OF IT 46.00 X 122625 0 37298 CARRIE LAW DIRECTOR OF COM./GOVT. REL 46.00 X 123566 0 32140 MICHELE NIELSON MANAGER OF ENGINEERING 46.00 X 107558 0 54565 1116455 0 397266 11 0 1 0 MAY CONSTRUCTION PO BOX 402 MADISON SD 57042 UTILITY CONSTRUCTION 1433045 LEGACY POWER LINE INC PO BOX 469 WADENA MN 56482 UTILITY CONSTRUCTION 1213153 KARIAN PETERSON LLC PO BOX 345 MONTEVIDEO MN 56265 UTILITY CONSTRUCTION 867772 SUMMIT UTILITY SERVICES LLC PO BOX 282 GLASGO MT 59230 CABLE LOCATING 446514 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOW GROVE PA 19090 TREE TRIMMING 422974 8 SALE OF POWER 221000 79248828 79248828 79248828 392207 392207 17503 16026 1477 1477 1477 331488 624542 -293054 -293054 CAPITAL CREDITS 900099 3881823 3881823 CORSON DEVELOPMENT 900003 4616 4616 UTILITY SAFETY AINNOVATION 900003 -2921 -2921 3883518 83232976 82837597 1695 393684 4629947 637087 5028993 5326204 COST OF POWER 53990096 DIST EXP - OPERATIONS 3868277 ADMIN & GENERAL EXPENSE 3346170 DIST EXP - MAINTENANCE 2515971 3305617 82648362 1068152 2628147 2385766 1354602 7206395 7695359 5654944 5270221 408547 341622 214036570 46155536 157216978 167881034 175586 173856 38840293 41467308 1236 1236 105695 107220 213063592 226920605 8993361 9400374 5288497 4678066 120218795 131687466 1000000 0 399291 414859 135899944 146180765 X 0 0 0 0 77163648 80739840 77163648 80739840 213063592 226920605 X 584614 2991578 X X 0 1 X 1 0 1 81478 110149 120722 70905 0 881317 881317 8085926 4849543 3236383 10825052 6934397 3890655 194244275 34371596 159872679 167881034 G&T PATRONAGE CAPITAL 36286807 C NRUCFC PATRONAGE CAPITAL 1880512 C PATRONAGE CAPITAL - OTHER 1016258 C NRUCFC CAPITAL TERM CERTS 1832640 C VALUE ADDED AG LOANS 179961 C ERC LOANS 187255 C OTHER PROGRAM RELATED 83875 C 41467308 CONSUMER DEPOSITS 396289 PATRONAGE CAPITAL PAYABLE 18570 414859 X PART IV, LINE 1B: CUSTOMERS HAVE THE OPTION OF PARTICIPATING IN OPERATION ROUND-UP. PARTICIPATING CUSTOMERS ROUND THEIR BILLS UP TO THE NEAREST DOLLAR AND THE DIFFERENCE IS CONTRIBUTED TO THE SIOUX VALLEY ENERGY CUSTOMERS' TRUST, WITH THE FUNDS BEING UTILIZED FOR CHARITABLE GIVING. PART X, LINE 2: THE COOPERATIVE HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. USI IS ORGANIZED AS AN LLC AND IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. INCOME FROM THE LLC IS INCLUDED WITH THE COOPERATIVE'S UNRELATED BUSINESS INCOME FOR TAX REPORTING PURPOSES. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016. X 1 1 X X 0 0 0 BETTY VANDERWERFF DIRECTOR OF FIN & ACCTG 124781 0 0 0 0 0 60730 0 24004 0 209515 0 0 0 TIM MCCARTHY GENERAL MANAGER/CEO 211302 0 0 0 0 0 49084 0 29070 0 289456 0 0 0 THEODORE SMITH DIRECTOR OF ENG & OPS 148196 0 0 0 0 0 33404 0 14770 0 196370 0 0 0 DEBRA BIEVER DIRECTOR OF CUSTOMER & EMP 140311 0 0 0 0 0 42869 0 19332 0 202512 0 0 0 JUSTIN MOOSE MANAGER OF IT 122625 0 0 0 0 0 24307 0 12991 0 159923 0 0 0 CARRIE LAW DIRECTOR OF COM./GOVT. REL 123566 0 0 0 0 0 16812 0 15328 0 155706 0 0 0 MICHELE NIELSON MANAGER OF ENGINEERING 107558 0 0 0 0 0 26823 0 27742 0 162123 0 0 0 PART I, LINE 1A THE COOPERATIVE OCCASIONALLY PROVIDES CHARTER TRAVEL FOR GROUPS OF ITS DIRECTORS, OFFICERS, AND EMPLOYEES TO ATTEND MEETINGS OF OTHER ORGANIZATIONS WHEN THIS IS MORE COST EFFECTIVE AND EXPEDIENT THAN ARRANGING FOR OTHER COMMERCIALLY AVAILABLE TRAVEL METHODS. FORM 990, PART VI, SECTION A, LINE 6 EACH ELECTRIC ACCOUNT IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A COOPERATIVE IS BROKEN INTO 10 DISTRICTS. 9 DISTRICTS HAVE ONE DIRECTOR. 1 DISTRICT HAS TWO DIRECTORS. MEMBERS CAN VOTE FOR THE DIRECTOR FROM THE DISTRICT IN WHICH THE MEMBER IS LOCATED. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE COOPERATIVE BY-LAWS ARE VOTED ON AT THE ANNUAL MEETING IN WHICH EACH MEMBER HAS THE RIGHT TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AT A MEETING PRIOR TO THE FILING. EACH BOARD MEMBER WILL HAVE THE OPPORTUNITY TO REVIEW THE RETURN AT THAT TIME. THE RETURN WILL ALSO BE REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND ACCOUNTING PRIOR TO FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, DIRECTORS, THE GENERAL MANAGER/CEO, THE MANAGEMENT STAFF, AND THE ATTORNEY MUST BE FAMILIAR WITH THE CONFLICT OF INTEREST POLICY. EACH IS REQUIRED TO EXECUTE A CONFLICT OF INTERST STATEMENT THAT THEY ARE IN COMPLIANCE WITH THE POLICY. ANNUALLY THE DIRECTORS, GENERAL MANAGER/CEO, ATTORNEY AND MANAGEMENT STAFF EXECUTE A NEW STATEMENT. EMPLOYEES EXECUTE ONE AT A TIME OF EMPLOYMENT AND UPDATE WHEN A CONFLICT ARISES. IF A CONFLICT OF INTEREST EXISTS, THEN THE EMPLOYEE AND SUPERVISOR IN COORDINATION WITH MANAGEMENT SHALL COLLECTIVELY DETERMINE WHAT ACTION SHOULD BE TAKEN. IF A DIRECTOR HAS A CONFLICT OF INTEREST HE/SHE SHALL DISQUALIFY THEMSELVES FROM DECISIONS THAT POSE THE CONFLICT OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE DIRECTOR MAY REQUEST AN OPINION OF THE COOPERATIVE ATTORNEY BEFORE SUCH ACTION IS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 SIOUX VALLEY ENERGY USES A NATIONAL COMPENSATION SURVEY PROVIDED TO US BY OUR NATIONAL ASSOCIATION, NRECA. THE NATIONAL AVERAGE PAY IS USED AS A GUIDANCE FOR ESTABLISHING INITIAL SALARIES AND YEARLY SALARY CHANGES. YEARS OF EXPERIENCE IN A POSITION ARE ALSO FACTORED IN. USING THE SURVEY DATA HELPS TO ESURE SALARIES REMAIN COMPETITIVE WITH THOSE OFFERED AT OTHER RURAL ELECTRIC COOPERATIVES AND THAT THE DATA REMAINS CONSISTENT FROM YEAR TO YEAR. THIS PROCESS IS USED FOR ALL POSITIONS AT SIOUX VALLEY ENERGY ON AN ANNUAL BASIS. THE LAST YEAR THIS PROCESS WAS UNDERTAKEN WAS 2017. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMMENTS AND FINACIAL STATEMENTS AVAILABLE TO THE COOPERATIVE MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CORSON DEVELOPMENT ASSOCIATION, LLP K-1 -4,616. RETIREMENT OF CAPITAL CREDITS -1,633,753. PATRONAGE DIVIDENDS PAID 4,629,947. FORM 990, PART XII, LINE 23 THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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. UTILITY SAFETY INNOVATIONS LLC PO BOX 47092 SC HWY 34 COLMAN SD 57017 DESIGN UTILITY SAFETY PRODUCTS SD -2921 0 SIOUX VALLEY SOUTHWESTERN ELECTRIC INC