2025-11-05T07:22:06-05:00 2024-12-31 990 2024-01-01 450206162 VERENDRYE ELECTRIC COOPERATIVE INC VERE 7013382855 615 HWY 52 W VELVA ND 587907417 Christel Laskowski Business Manager 7013382855 2025-11-06 2024 2025-03-06 01:10:19Z BRADLEY DOLL 615 HWY 52 W VELVA ND 587907417 57548845 false X www.verendrye.com X 1939 ND TO PROVIDE QUALITY ELECTRIC SERVICE AT A COMPETITIVE COST STRENGTHEN THE AREA ECONOMY & LEAD IN IMPROVING THE REGIONS QUALITY OF LIFE THROUGH INNOVATION WHILE OPERATING WITHIN THE COOPERATIVE PRINCIPLES 9 9 68 0 0 0 0 0 57327421 56422604 960481 978560 41729 28948 58329631 57430112 0 0 4954922 2506445 10868682 11356732 0 0 0 40650762 41927573 56474366 55790750 1855265 1639362 181199972 182942138 112703824 112543165 68496148 70398973 TO PROVIDE QUALITY ELECTRIC SERVICE AT A COMPETITIVE COST STRENGTHEN THE AREA ECONOMY & LEAD IN IMPROVING THE REGIONS QUALITY OF LIFE THROUGH INNOVATION WHILE OPERATING WITHIN THE COOPERATIVE PRINCIPLES false false 0 0 0 VERENDRYE ELECTRIC COOPERATIVE DISTRIBUTED ELECTRICITY TO 12,823 MEMBERS AT 16,793 METERING POINTS. VERENDRYE HAD 2,319 MILES OF OVERHEAD DISTRIBUTION LINE AND 2,300 MILES OF UNDERGROUND DISTRIBUTION LINE FOR A TOTAL OF 4,619 MILES OF ENERGIZED LINE. 0 0 0 VERENDRYE ELECTRIC COOPERATIVE PROVIDES TO ITS MEMBERS PROGRAMS THAT PROMOTE ENERGY CONSERVATION AND EFFICIENCY SUCH AS WEATHERIZATION LOANS ENERGY AUDITS HIGH EFFICIENCY WATER HEATERS AND HEAT PUMPS. VERENDRYE ALSO HAS RENEWABLE ENERGY PROGRAMS SUCH AS SOLAR WATER PUMPING AND WIND ENERGY. 0 0 0 VERENDRYE ELECTRIC COOPERATIVE PROVIDES ELECTRICAL SAFETY PROGRAMS TO AREA SCHOOLS AND ORGANIZATIONS AND SPONSORS YOUTH PROGRAMS SUCH AS SCHOLARSHIPS AND A YOUTH TOUR TO THE NATIONS CAPITAL. 0 0 0 0 false false false false false false false false false false true false true false false true true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 185 0 true 68 true false false false false false 55162987 1095070 false false false 9 9 false false false false true true true true false false false true true true true true true true true false CHRISTEL LASKOWSKI 7013382855 615 HWY 52 W VELVA ND 587907417 BRAD DOLL GENERAL MANAGER 48.00 0.00 X 234971 0 96651 CHRISTEL LASKOWSKI BUSINESS MANAGER 48.00 0.00 X 182313 0 64317 TIM KRUMWIEDE OPERATIONS MANAGER 48.00 0.00 X 159841 0 77695 DJ RANDOLPH COMPUTER ENGINEER 48.00 0.00 X 141486 0 73409 RICK ERICKSON AREA FOREMAN 42.00 0.00 X 126069 0 64837 TOM RAFFERTY MEMBER SERVICE MANAGER 48.00 0.00 X 133860 0 51862 CURT PETERSON LINEMAN 45.00 0.00 X 131065 0 56062 BRYAN SCHWAN LINEMAN 45.00 0.00 X 127151 0 62774 CLINT GJELLSTAD PRESIDENT 5.00 0.00 X X 11713 0 0 KAREN HENNESSY VICE PRESIDENT 7.00 0.00 X X 15813 0 0 SHAWN KAYLOR SECRETARY TREASURER 4.00 0.00 X X 10013 0 0 MAXINE ROGNLIEN ASST SECRETARY TREASURER 7.00 0.00 X X 16613 0 0 BLAINE BRUNER DIRECTOR 4.00 0.00 X 8213 0 0 JON HANSEN DIRECTOR 4.00 0.00 X 9213 0 0 KEN SCHILD DIRECTOR 4.00 0.00 X 8013 0 0 ROBERT WOLF DIRECTOR 3.00 0.00 X 6713 0 0 ROBERT HARGRAVE DIRECTOR 7.00 0.00 X 17713 0 0 1340773 0 547607 45 false true false CENTRAL TRENCHING INC 5200 7TH AVE SW MINOT ND 58701 DIGGING & TRENCHING 1862629 SUMMIT UTILITY SERVICES LLC PO BOX 18159 MISSOULA MT 59808 LINE LOCATING 212407 2 0 0 0 0 0 0 0 0 ELECTRIC REVENUE 221122 53789653 53789653 0 0 CAPITAL CREDIT ALLOCATIONS 221122 2632951 2632951 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56422604 949045 0 0 949045 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30988 0 1473 0 29515 29515 29515 0 0 0 0 0 0 0 0 0 0 0 0 0 0 146208 117260 28948 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57430112 56452119 0 949045 X 0 0 0 0 0 0 2506445 2506445 978267 978267 0 0 0 0 0 0 6767098 6767098 0 0 2058159 2058159 0 0 1022224 1022224 0 0 530984 530984 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2375353 2375353 0 0 0 0 0 0 3766473 3766473 0 0 0 0 0 0 COST OF POWER 36619015 36619015 0 0 DISTRIBUTION COSTS 5783108 5783108 0 0 ADMIN & GENERAL 2428124 2428124 0 0 CUSTOMER SERVICE 1867469 1867469 0 0 -10911969 -10911969 0 0 55790750 55790750 0 0 0 0 0 0 0 0 16300135 12115286 0 0 7411393 7426580 34366 25027 0 0 142228 49327 6287187 7726631 270723 296540 157207171 44133601 110030082 113073570 0 0 0 0 40723858 42229177 0 0 0 0 181199972 182942138 21454786 24628877 0 0 5000000 5000000 0 0 0 0 0 0 86249038 82914288 0 0 0 0 112703824 112543165 X 0 0 68496148 70398973 0 0 68496148 70398973 181199972 182942138 1639362 -25249 0 0 0 288712 X false true X true false 220966 220966 6531966 2781679 3750287 9113513 7936330 1177183 141340726 33415592 107925134 113073570 PATRONAGE CAPITAL 37937176 C ASSOCIATION ORGANIZATIONS 1231044 C ECONOMIC DEVELOPMENT 39119 C AVAILABLE FOR SALE SECURITIES 3021838 F 42229177 X 57430112 0 57430112 0 57430112 53284305 0 53284305 2506445 2506445 55790750 Part X, line 2 THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31 2024 THE UNRECONGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS FOR YEARS BEFORE 2021 AND STATE EXAMINATIONS FOR YEARS BEFORE 2021. THE COOPERATIVE UNDERGOES AN ANNUAL ANALYSIS OF ITS VARIOUS TAX POSITIONS ASSESSING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UPON EXAMINATION WITH RELEVANT TAX AUTHORITIES. Part XII, line 4b OP MARGINS-BENEFITS PAID ON BEHALF OF MEMBERS - $2,506,445 X X false false false BRAD DOLL GENERAL MANAGER 231565 0 0 0 3407 0 87725 0 11020 0 333717 0 0 0 CHRISTEL LASKOWSKI BUSINESS MANAGER 181652 0 0 0 661 0 42249 0 23849 0 248411 0 0 0 TIM KRUMWIEDE OPERATIONS MANAGER 157849 0 0 0 1992 0 55627 0 23553 0 239021 0 0 0 DJ RANDOLPH COMPUTER ENGINEER 140158 0 0 0 1328 0 51342 0 23540 0 216368 0 0 0 RICK ERICKSON AREA FOREMAN 125043 0 0 0 1026 0 42770 0 23328 0 192167 0 0 0 TOM RAFFERTY MEMBER SERVICE MANAGER 133244 0 0 0 616 0 29794 0 23459 0 187113 0 0 0 CURT PETERSON LINEMAN 130560 0 0 0 505 0 40847 0 16376 0 188288 0 0 0 BRYAN SCHWAN LINEMAN 126794 0 0 0 358 0 40706 0 23245 0 191103 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| ALL, PART II COLUMN C: INCLUDED IN VALUE IS ESTIMATED CURRENT YEAR INCREASE IN ACTUARIAL VALUE OF DEFINED BENEFIT PLAN| GLINTS CARWASH OWNED BY DIRECTOR ECON DEV LOAN X 90000 25027 false true true 25027 Part VI, Line 6 ANYONE WHO PURCHASES ELECTRICITY FROM VERENDRYE IS A MEMBER OF THE COOPERATIVE. ONE HOUSEHOLD CONSTITUTES ONE MEMBER THUS ONE VOTE. Part VI, Line 7a MEMBERS VOTE FOR ALL BOARD MEMBERS REGARDLESS OF THE DISTRICT THEY LIVE IN ALL MEMBERS HAVE EQUAL RIGHTS. Part VI, Line 7b COOPERATIVE MEMBERS MUST APPROVE ALL CHANGES TO THE BYLAWS AS WELL AS A MORE THAN 5% DISPOSITION OF TOTAL ASSETS. Part VI, Line 8a THE COOPERATIVE DOES NOT HAVE ANY COMMITTEES WITH THE POWER TO ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS. Part VI, Line 11a A COPY OF THE FORM IS AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE BOARD MEETING. AT THE BOARD MEETING THE 990 WAS REVIEWED AND APPROVED. Part VI, Line 12c ALL NEW BUSINESS TRANSACTIONS ARE EVALUATED BY THE BOARD AND MANAGEMENT. BOTH MANAGEMENT AND THE BOARD WILL DISCLOSE ANY CONFLICTS OF INTEREST WHEN THE NEW BUSINESS TRANSACTION ARISES. ALL COOPERATIVE BUSINESS TRANSACTIONS ARE PROPERLY AUTHORIZED BY A VOTE OF THE BOARD. NO CONFLICTS OCCURRED WHICH WOULD REQUIRE REVIEW. Part VI, Line 15 THE GENERAL MANAGERS SALARY IS DETERMINED AND APPROVED BY THE FULL BOARD COMPRISED OF 9 INDEPENDENT PERSONS ELECTED BY THE MEMBERSHIP WHOM ALSO ACT AS THE GENERAL MANAGERS EVALUATOR. A WRITTEN EVALUATION IS COMPLETED ANNUALLY BY EACH BOARD MEMBER AND THE RESULTS TALLIED AND PLACED IN THE PERSONNEL FILE. THE BOARD CHAIRMAN CONDUCTS A ONE ON ONE REVIEW OF THE WRITTEN EVALUATION TO CLOSE OUT THE EVALUATION PROCESS. THE COMPENSATION COMPARISON IS FROM AN ANNUAL SURVEY OF ALL ELECTRIC COOPERATIVES IN THE STATE PREPARED BY NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES NDAREC. FOR NON-UNION EMPLOYEES EACH DEPARTMENT HEAD CONDUCTS AN ANNUAL ASSESSMENT OF THEIR EMPLOYEES AND BASED OFF OF THEIR PERFORMANCE AND THE USE OF NDAREC COMPENSATION STATISTICS THEY DETERMINE THEIR COMPENSATION. FOR UNION EMPLOYEES A UNION CONTRACT IS NEGOTIATED AND ESTABLISHED EVERY 1 TO 4 YEARS. THIS IS APPROVED BY THE BOARD. Part VI, Line 19 EVERY MEMBER RECEIVES A COPY OF THE BYLAWS. THE FINANCIAL REPORT IS MAILED TO EVERY MEMBER PRIOR TO THE ANNUAL MEETING. Part XI, Line 9 | Description:, Explanation:, Amount:| GAIN ON RETIREMENT OF CC, GAIN ON RETIREMENT OF CC, $180823| NET MARGINS, NET MARGINS, $4145807| NON-OPERATING MARGINS, NON-OPERATING MARGINS, $-1639362| RETIREMENT OF CC, RETIREMENT OF CC, $-2353743| UNCLAIMED CAPITAL CREDITS, UNCLAIMED CAPITAL CREDITS, $-44813| Part IX Line 24 | Explanation:| DISTRIBUTION TAXES $444,763 LESS ALLOCATED COSTS $11,356,732=$10,911,969