2018-09-26T08:33:59-05:00 2017-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2017-01-01 410128105 CONNEXUS ENERGY CONN 7633232600 14601 RAMSEY BOULEVARD RAMSEY MN 55303 MICHAEL BASH VICE PRESIDENT/CFO 7633232600 2018-09-25 1 LAURIE HANSON P00851848 6053391999 2018-09-25 2017 2022-09-23 18:48:47Z GREG RIDDERBUSCH 14601 RAMSEY BOULEVARD RAMSEY MN 55303 273236899 0 X WWW.CONNEXUSENERGY.COM X 1937 MN PROVIDING UTILITY SERVICES TO MEMBERS. 8 8 274 0 20992 -9866 0 0 270831055 271844789 1065188 777973 490390 515156 272386633 273137918 412673 395882 15096366 13803995 24529173 23779990 0 0 0 232348421 235158051 272386633 273137918 0 0 393699930 405353390 213470498 218969835 180229432 186383555 CONNEXUS ENERGY SERVES OUR MEMBERSHIP BY PROVIDING COST COMPETITIVE, RELIABLE ELECTRICITY AND RELATED SERVICES, WITH AN ENVIRONMENTAL COMMITMENT, AFFIRMING THE VALUE OF MEMBER COOPERATIVE OWNERSHIP. 0 0 CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 132,000 MEMBERS IN SEVEN COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 193 0 1 274 1 1 1 0 0 0 0 266774788 6007569 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X NANCY BASARA 7633232731 14601 RAMSEY BOULEVARD RAMSEY MN 55303 X PETER WOJCIECHOWSKI CHAIR 23.00 X X 51534 0 0 MARK ETHEN VICE CHAIR 13.00 X X 28581 0 18000 FRAN BATOR SECRETARY/TREASURER 17.00 X X 46821 0 0 GORDON WESTERLIND ASST. SECRETARY/TREASURER 16.00 X X 28581 0 18000 KENNETH FIERECK DIRECTOR 16.00 X 34581 0 12000 DONALD HOLL DIRECTOR 16.00 X 46581 0 0 MICHAEL CADY DIRECTOR 12.00 X 46581 0 0 BETSY WERGIN DIRECTOR 16.00 X 46581 0 0 GREG RIDDERBUSCH PRESIDENT/CEO 60.00 X 523177 0 49894 MICHAEL BASH VP,CFO 45.00 X 370201 0 109131 MATT YSETH VP, ELECTRIC OPERATIONS 45.00 X 290213 0 71880 BRIAN BURANDT VP, POWER SUPPLY AND BUS. 45.00 X 212551 0 45302 PETER MILLER VP, HUMAN RESOURCES 50.00 X 274381 0 70014 DON HALLER VP, MEMBER SVC, PRODUCTS 50.00 X 241365 0 65980 GREG GROENJES MANAGER ELECTRIC OPS 45.00 X 167799 0 24503 NANCY BASARA CONTROLLER 45.00 X 199049 0 54104 MARK KOPLIN MGR. INFORMATION TECH 45.00 X 200690 0 41225 NICK LOEHLEIN MANAGER OF ENGINEERING 45.00 X 164881 0 48330 MICHAEL KENNING JOURNEY LINEMAN 54.00 X 158800 0 43829 3132948 0 672192 89 0 1 0 ASPLUNDH 708 BLAIR MILL ROAD WILLOW GROVE PA 190901784 TREE TRIMMING SERVICES 2153263 RP SCHROEDER CONSTRUCTION 18329 263RD AVE BIG LAKE MN 55309 CONSTRUCTION SERVICES 2027663 WRIGHT TREE SERVICE PO BOX 1718 DES MOINES IA 50306 TREE TRIMMING SERVICES 1219253 METER READINGS HOLDING DBA SMART GRID SO 77 WESTPORT PLAZA DR 500 ST LOUIS MO 63146 AMI METER INSTALLATION 810209 CENTRAL APPLICATORS PO BOX 279 FOLEY MN 56329 TRIMMING SERVICES/VEGETATION MANAGEMENT 660706 14 SALE OF ELECTRICITY 221000 262706388 262699524 6864 ALLOCATION OF GREAT RI 221000 7508169 7508169 OTHER 221000 890322 887222 3100 UTILITY SERVICES REVEN 221000 739910 728740 11170 271844789 768699 768699 340192 0 340192 340192 340192 108255 98981 9274 9274 9274 EQUITY EARNINGS-FED AC 900099 174964 175106 -142 174964 273137918 271998761 20992 1118165 X 395882 13803995 2525486 16106763 1954319 1886254 1307168 214847 70790 1796562 919742 1311130 2233914 897943 307659 56875 6194584 11378216 460174 COST OF POWER 198769783 ELECTRIC OPERATIONS 5050126 PROPERTY TAXES 3682534 FLEET/VEHICLE EXPENSE 535226 1277946 273137918 3626 177797 27884229 27128218 10000000 0 3068153 2817661 1685064 1380846 349576156 137983472 197488713 211592684 9661132 9530399 132900234 140836484 941 941 11007838 11888360 393699930 405353390 17934558 19692957 150933597 150264355 10260000 13184244 34342343 35828279 213470498 218969835 X 0 0 0 0 180229432 186383555 180229432 186383555 393699930 405353390 X 0 6154123 X 0 1 X 1 0 2317228 2317228 14659265 6517621 8141644 329904331 131465851 198438480 2695332 2695332 211592684 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 140836484 C 140836484 DEFERRED CREDITS 188492 PAYABLE TO GREAT RIVER ENERGY 29174923 OTHER LIABILITIES 2449847 DEFERRED COMP 2711480 MEMBER DEPOSITS 1303537 35828279 X 273137918 0 273137918 0 273137918 259333923 0 259333923 13803995 13803995 273137918 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS INCOME. THE COOPERATIVE EVALUATES ITS INCOME TAX POSITIONS ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2017 AND 2016 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2017 MARGINS TO MEMBERS IN 2018 13,803,995. 1 ANOKA COUNTY 550 BUNKER LAKE BLVD NW ANDOVER MN 55303 416005752 GOVENMENTAL 25000 WARGO NATURE CENTER SPONSOR ANOKA TECHNICAL COLLEGE FOUNDATION 1355 WEST HWY 10 ANOKA MN 55303 416008267 501(C)(3) 13500 DONATION TO FOUNDATION - GENERAL INITIATIVE FOUNDATION 405 FIRST ST SE LITTLE FALLS MN 56345 363451562 501(C)(3) 10000 DONATION TO FOUNDATION - GENERAL MERCYUNITY HOSPITAL FOUNDATION 550 OSBORNE RD FRIDLEY MN 55432 363261413 501(C)(3) 10682 LEGACY OF CARING CAPITAL CAMPAIGN AND GENERAL GREATER TWIN CITIES UNITED WAY 404 S 8TH STREET MINNEAPOLIS MN 55404 411973442 501(C)(3) 20224 MATCH EMPLOYEE CONTRIBUTIONS ANOKA COUNTY DEPARTMENT OF PARKS AND RECREATION 550 BUNKER LAKE BLVD ANDOVER MN 55304 416005752 GOVENMENTAL 7500 BUNKER BEACH SPONSORSHIP ALEXANDRA HOUSE PO BOX 49030 BLAINE MN 55449 411309977 501(C)(3) 10000 GENERAL DONATION ANOKA RAMSEY COMMUNITY COLLEGE FOUNDATION 11200 MISSISSIPPI BLVD COON RAPIDS MN 55433 411574797 501(C)(3) 15350 SCHOLARSHIP/GENERAL AMERICAN RED CROSS 1201 W RIVER PKWY MINNEAPOLIS MN 55454 030585610 501(C)(3) 10000 GENERAL DONATION SALVATION ARMY HEATSHARE 2445 PRIOR AVE ROSEVILLE MN 55113 410698597 501(C)(3) 25000 GENERAL DONATION TREE TRUST 2231 EDGEWOOD AVE S ST LOUIS PARK MN 55426 411291626 501(C)(3) 10000 GENERAL DONATION HOPE 4 YOUTH 2665 4TH AVE N 40 ANOKA MN 55303 461626500 501(C)(3) 19500 GENERAL DONATION EAGLES HEALING NEST 310 HIGHWAY 71 N UNIT 881 SAUK CENTRE MN 56378 460617435 501(C)(3) 10120 ANOKA PROJECT DONATION GREAT RIVER GREENING 35 WEST WATER STREET 201 ST PAUL MN 55107 411940024 501(C)(3) 5000 GENERAL DONATION PASSING THE BREAD DISTRIBUTION 7409 50TH ST PRINCETON MN 55371 452344858 501(C)(3) 5000 DONATION FOR 2 FREEZER UNITS NATIONAL SPORTS CENTER 1700 105TH AVE NE BLAINE MN 55449 411646516 501(C)(3) 85000 OTHER IN-KIND ELECTRICITY GENERAL DONATION 16 PART I, LINE 2: THE TOTAL AMOUNT OF CONTRIBUTIONS PLANNED FOR A YEAR IS APPROVED BY THE BOARD AS A PART OF OUR ANNUAL PROFIT PLANNING PROCESS. INDIVIDUAL CONTRIBUTIONS ARE APPROVED AND SUBSTANTIATED USING OUR NORMAL PAYMENT APPROVAL PROCESS. X 1 1 X X X X 0 1 0 GREG RIDDERBUSCH PRESIDENT/CEO 409131 0 85000 0 29046 0 27000 0 23593 0 573770 0 0 0 MICHAEL BASH VP,CFO 296417 0 66633 0 7151 0 82234 0 27381 0 479816 0 0 0 MATT YSETH VP, ELECTRIC OPERATIONS 233638 0 51021 0 5554 0 49392 0 22878 0 362483 0 0 0 BRIAN BURANDT VP, POWER SUPPLY AND BUS. 177064 0 34548 0 939 0 21675 0 23914 0 258140 0 0 0 PETER MILLER VP, HUMAN RESOURCES 221065 0 49570 0 3746 0 47302 0 23083 0 344766 0 0 0 DON HALLER VP, MEMBER SVC, PRODUCTS 197934 0 42957 0 474 0 41617 0 24695 0 307677 0 0 0 GREG GROENJES MANAGER ELECTRIC OPS 144965 0 21215 0 1619 0 15811 0 8933 0 192543 0 0 0 NANCY BASARA CONTROLLER 171178 0 26431 0 1440 0 31401 0 23002 0 253452 0 0 0 MARK KOPLIN MGR. INFORMATION TECH 174181 0 26033 0 476 0 19685 0 21828 0 242203 0 0 0 NICK LOEHLEIN MANAGER OF ENGINEERING 141128 0 22688 0 1065 0 22064 0 26509 0 213454 0 0 0 MICHAEL KENNING JOURNEY LINEMAN 142968 0 12605 0 3227 0 19624 0 24357 0 202781 0 0 0 PART I, LINE 1A OUR POLICY IS TO GROSS UP ALL RECOGNITION PAYMENTS $50 AND LESS. THIS APPLIES TO ALL EMPLOYEES, INCLUDING EXECUTIVES. PART I, LINE 4B THE FOLLOWING OFFICER PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN: MICHAEL BASH NO DISBURSEMENTS WERE MADE FROM THE PLAN IN 2017. THE DEFERRED COMPENSATION PLAN BALANCES ARE PAYABLE ON DEMAND, IN FULL, BUT THE BALANCES ARE SUBJECT TO RISK OF FORFEITURE UNTIL FULLY DISTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 MATT YSETH, DONALD HALLER, GREG RIDDERBUSCH, AND MICHAEL BASH ARE ALL OFFICERS OF CONNEXUS ENERGY AND BOARD MEMBERS OF CONNEXUS BLOCKER (A CONTROLLED SUBSIDIARY OF CONNEXUS ENERGY). DON HOLL AND FRAN BATOR ARE BOTH DIRECTORS OF CONNEXUS ENERGY AND GREAT RIVER ENERGY. FORM 990, PART VI, SECTION A, LINE 6 CUSTOMERS WHO PURCHASE ELECTRICITY FROM THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE. THERE IS ONLY ONE MEMBER CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY SELL THE PROPERTY OF THE COOPERATIVE UPON SUCH TERMS AND CONDITIONS AS IT DEEMS APPROPRIATE AND IN THE BEST INTEREST OF THE COOPERATIVE. NO SALE OF MORE THAN TWENTY-FIVE (25%) PERCENT OF THE PROPERTY OF THE COOPERATIVE SHALL BE EFFECTIVE, HOWEVER, UNLESS AUTHORIZED AT A REGULAR OR SPECIAL MEETING BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 INFORMATION RETURN IS DELIVERED TO BOARD MEMBERS A WEEK BEFORE THE BOARD MEETING. IT IS REVIEWED WITH THE ENTIRE BOARD OF DIRECTORS AND SENIOR STAFF AT THE BOARD MEETING, PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS SIGN A CERTIFICATION STATEMENT THAT THEY MEET THE QUALIFICATIONS OF A BOARD MEMBER. THIS CERTIFICATION INCLUDES CONFLICT OF INTEREST LANGUAGE. IF A BOARD MEMBER STATES ON THE CERTIFICATION THAT THERE IS A CONFLICT, THE ENTIRE BOARD WILL REVIEW THE CONFLICT AT THAT TIME. RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT WOULD BE DEPENDENT UPON THE SPECIFIC SITUATION, AND MAY INCLUDE ABSTAINING FROM DISCUSSIONS AND VOTING AND/OR A REQUEST FOR RESIGNATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON MARKET DATA FOR SIMILAR POSITIONS AT COMPARABLE COMPANIES. A MARKET STUDY WAS COMPLETED IN 2017 FOR THE CEO AND FOR OTHER COOPERATIVE OFFICERS. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE PREVIOUS 5 YEARS ARE AVAILABLE ON OUR WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE VALUE OF THE DEFINED BENEFIT PLAN FOR THE EMPLOYEES OF THE COOPERATIVE WHO ARE COVERED BY THE PENSION PLAN. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -7,649,872. ALLOCATION OF 2017 MARGINS TO MEMBERS IN 2018 13,803,995. CONNEXUS COMMUNITY SOLAR 1 LLC 14601 RAMSEY BLVD RAMSEY MN 55303 352505435 SOLAR ENERGY INVESTMENT MN N/A CONNEXUS BLOCKER LLC 14601 RAMSEY BLVD RAMSEY MN 55303 465423665 HOLDING COMPANY FOR SOLAR ENERGY INVESTMENTS. MN CONNEXUS ENERGY C -31004 61820 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0