2017-05-03T13:10:31-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2016-01-01 420163705 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE BUTL 3192672726 PO BOX 98 ALLISON IA 506020098 CRAIG CODNER CEO 3192672726 2017-04-27 1 CRAIG POPENHAGEN P01587689 5074347000 67.137.57.251 2017-04-27 15:45:42 CD P 97A0986382CB18320F176496BBBEF9AFD491894B 540938B99006520E32A311382CBF49BE445FAAD6 2016 2021-01-29 14:40:06Z CRAIG CODNER PO BOX 98 ALLISON IA 506020098 27852285 0 X WWW.BUTLERREC.COOP X 1936 IA PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 9 9 42 0 650 0 0 0 25001303 25207851 154951 291403 802979 2209556 25959233 27708810 0 0 935541 2433395 312165 319008 0 0 0 24233254 24613260 25480960 27365663 478273 343147 48323911 52208601 28764967 29988304 19558944 22220297 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 25383111 2519475 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X CRAIG CODNER 3192672726 521 N MAIN ST PO BOX 98 ALLISON IA 506020098 DUANE RIECKENBERG PRESIDENT 4.00 X X 6900 0 0 GARY POPPE VICE PRESIDENT 4.50 X X 5300 0 0 DONALD FELDMAN DIRECTOR 3.80 X 3800 0 0 LELAND BOYD TREASURER 4.00 X X 4000 0 0 JOHN KLAHSEN DIRECTOR 4.40 X 5200 0 0 GERALD SCHMIDT ASSISTANT SECRETARY-TREASU 3.60 X X 4900 0 0 TIM SCHRAGE SECRETARY 3.10 X X 4100 0 0 ALLYN HARMS DIRECTOR 2.90 X 4100 0 0 STEVE BOEVERS DIRECTOR 0.80 X 3800 0 0 CRAIG CODNER CEO 40.00 X 135030 0 46378 JANE BRADLEY RECORDING SECRETARY 40.00 X 68407 0 27093 245537 0 73471 1 0 1 0 HIGHLINE CONSTRUCTION 16124 OLD LAKE RD PAYNESVILLE MN 56362 CONSTRUCTION 363307 TJADER-HIGHSTROM SERVICES LLC PO BOX 856489 MINNEAPOLIS MN 55485 CONSTRUCTION 236997 2 SALE OF POWER 221000 25207851 25207851 25207851 272133 272133 19270 0 19270 19270 19270 167964 143475 24489 23839 650 CAPITAL CREDITS 523000 2185067 2185067 2185067 27708810 27416757 650 291403 2433395 319008 939413 1527402 COST OF POWER 18156148 DIST EXPENSE - MAINT 1045041 ADMIN & GENERAL EXP 903363 DIST EXP - OPERATIONS 839891 1202002 27365663 1604723 1687316 285190 482925 2397048 2752286 554279 479014 1199882 1162948 48314794 13584679 33438410 34730115 13093 9950 8629001 10401762 26391 26391 175894 475894 48323911 52208601 1888394 2768089 932004 781289 23759128 25245018 1509412 544214 676029 649694 28764967 29988304 X 0 0 0 0 19558944 22220297 19558944 22220297 48323911 52208601 X 343147 2318206 X X 0 1 X 1 0 57567 57567 1623003 1019500 603503 3900144 2565179 1334965 42734080 10000000 32734080 34730115 PAT CAP IN ASSOC ORGS 8584508 C NRUCFC CAPITAL TERM CERTS 518192 C NRUCFC MEMBER CAP SECS 50000 C ECONOMIC DEVEL LOANS 169644 C REVOLVING LOAN FUNDS 1066102 C OTHER INVESTMENTS 13316 C 10401762 CONSUMER DEPOSITS 183700 PATRONAGE CAPITAL PAYABLE 20294 ACCUMULATED PROVISION FOR PENSION & BENEFITS 445700 649694 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). FRDCO IS A TAXABLE CORPORATION AND HAD A LOSS OF $1,550 FOR 2016 AND A LOSS OF $1,498 FOR 2015. THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2016 AND 2015 FOR THE COOPERATIVE OR ITS SUBSIDIARIES. AS OF DECEMBER 31, 2016, FRDCO HAS A NET OPERATING LOSS CARRYFORWARD AVAILABLE OF APPROXIMATELY $57,000. AN EQUAL AND OFFSETTING VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THE NET OPERATING LOSS CARRYFORWARD AS THE LIKELIHOOD OF USING THE CARRYFORWARD IS NOT DETERMINED. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. X X 0 0 0 CRAIG CODNER CEO 127500 0 0 0 7530 0 31875 0 14503 0 181408 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 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. FORM 990, PART VI, SECTION B, LINE 15 CEO AND RECORDING SECRETARY'S COMPENSATION WERE REVIEWED AND APPROVED IN 2016 BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -149,646. NET ACTUARIAL LOSS ON POST RETIREMENT BENEFITS 37,600. BOOK/TAX DIFFERENCE - SUBSIDIARY INCOME -3,143. PATRONAGE DIVIDENDS PAID 2,433,395. 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 -1550 30481 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 NO TRANSACTIONS OVER 50000