2025-11-07T11:13:19-06:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2024-01-01 410208552 CROW WING COOPERATIVE POWER & LIGHT CO CROW 2188292827 PO BOX 507 BRAINERD MN 564010507 TIM THOMPSON CEO 2188292827 2025-10-24 1 1 DAVID HOLT P00014251 7017754685 2025-10-23 2024 2025-03-06 01:10:19Z TIM THOMPSON PO BOX 507 BRAINERD MN 564010507 89721232 0 X WWW.CWPOWER.COM X 1937 MN PROVIDE ELECTRICAL SERVICES TO COOPERATIVE MEMBERS 9 9 99 0 66563 59711 0 0 85810528 85389747 824745 966085 4401855 2955198 91037128 89311030 0 0 5778076 10682407 928812 1316539 0 0 0 82197223 79873947 88904111 91872893 2133017 -2561863 253324443 265047076 150614696 156357156 102709747 108689920 TO PROVIDE ELECTRICAL SERVICES TO OVER 40,000 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD. 0 0 TO PROVIDE ELECTRICAL SERVICES TO OVER 40,000 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD. 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 1 1 1 0 0 1 57 0 1 99 1 1 1 0 0 0 0 89547971 2039252 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SUSANNAH JENSEN 2188292827 PO BOX 507 HIGHWAY 371 NORTH BRAINERD MN 56401 BRYAN MCCULLOCH SECRETARY 10.00 2.00 X X 16811 0 0 GERTRUDE ROGGENKAMP DIRECTOR 10.00 2.00 X 15622 0 0 ROBERT KANGAS DIRECTOR (THROUGH JUNE) 10.00 2.00 X 7401 0 0 MARK RONNEI PRESIDENT 12.00 3.00 X X 21055 0 0 LUANN NELSON TREASURER 10.00 2.00 X X 17700 0 0 PAUL KOERING DIRECTOR 10.00 2.00 X 15469 0 0 DWIGHT THIESSE DIRECTOR 10.00 2.00 X 15433 0 0 GILES RADTKE VICE PRESIDENT 10.00 3.00 X X 17823 0 0 DAVID ALBERS DIRECTOR (STARTED JUNE) 10.00 3.00 X 10084 0 0 JON LUBKE DIRECTOR (STARTED JUNE) 10.00 2.00 X 9688 0 0 BRUCE KRAEMER CHIEF EXECUTIVE OFFICER (THROUGH MAY) 40.00 X 528079 0 29209 SUSANNAH JENSEN CHIEF FINANCIAL OFFICER 40.00 X 188126 0 43507 ERIC QUALE INTERIM CEO/COO 50.00 X 332342 0 45074 JUSTIN WILSON CREW FOREMAN 47.78 X 152429 0 36477 JAKE DEHNE CREW FOREMAN 48.88 X 157043 0 36477 DAVID ETHEN CREW FOREMAN 47.76 X 152573 0 36477 GAGE WATTENHOFER MANAGER OF MAINTENANCE AND CONSTRUCTION 40.00 X 153188 0 21615 TIM ALLEN CREW FOREMAN/AREA SUPERVISOR 47.45 X 153578 0 19133 1964444 0 267969 58 0 1 0 RIGGS TREE SERVICE PO BOX 543 SPRING GROVE MN 55974 RIGHT OF WAY CLEARING 1357273 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT 596861 NEW AGE TREE SERVICE PO BOX 543 SPRING GROVE MN 55974 RIGHT OF WAY CLEARING 508546 ELITE UNDERGROUND INC 10719 TAMARACK LAKE RD N BRAINERD MN 56401 LINE CONSTRUCTION 457657 JOHNSON LOCATING SERVICE PO BOX 246 PEQUOT LAKES MN 56472 UNDERGR. CABLE LOCATING SERVICES 262913 6 ELECTRIC SERVICE 221000 85389747 85389747 85389747 940125 940125 109386 44375 65011 65011 65011 26090 130 25960 25960 25960 336814 365697 -28883 -28883 CAPITAL CREDITS 900099 2350233 2350233 POLE RENTAL 900099 427632 427632 OTHER NONOPERATING REVENUE 900099 141205 139653 1552 2919070 89311030 87876710 66563 1367757 X 10682407 1316539 2869485 6821300 UNRELATED BUSINESS INCO 19064 COST OF POWER 55071267 DISTRIBUTION EXPENSE 8809099 GENERAL AND ADMINISTRAT 3385340 2898392 91872893 2015001 911723 10840397 19293168 11090847 11970568 5421596 4792926 239096 303640 262607065 95435994 164386625 167171071 59243442 60469655 87439 134325 253324443 265047076 10480523 10166335 131989489 134061981 8144684 12128840 150614696 156357156 X 0 0 0 0 102709747 108689920 102709747 108689920 253324443 265047076 X -2561863 8542036 X X 0 1 X 1 0 998492 998492 10241801 7672991 2568810 249811297 87763003 162048294 1555475 1555475 167171071 INVESTMENT IN ASSOCIATED COMPANIES 57260808 C MISCELLANEOUS OTHER INVESTMENTS 764976 C INVESTMENT IN CAPITAL TERM CERTIFICATES 2443871 C 60469655 OTHER DEFERRED CREDITS 10771618 DEPOSITS 1101421 DEFERRED COMPENSATION 255801 12128840 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL FILINGS ARE CURRENT. X X X 0 0 0 BRUCE KRAEMER CHIEF EXECUTIVE OFFICER (THROUGH MAY 216845 0 0 0 311234 0 25441 0 4377 0 557897 0 0 0 ERIC QUALE INTERIM CEO/COO 326742 0 0 0 5600 0 17243 0 29264 0 378849 0 0 0 SUSANNAH JENSEN CHIEF FINANCIAL OFFICER 188126 0 0 0 0 0 15676 0 28907 0 232709 0 0 0 JAKE DEHNE CREW FOREMAN 157043 0 0 0 0 0 10283 0 26932 0 194258 0 0 0 DAVID ETHEN CREW FOREMAN 152573 0 0 0 0 0 10283 0 26932 0 189788 0 0 0 JUSTIN WILSON CREW FOREMAN 152429 0 0 0 0 0 10283 0 26932 0 189644 0 0 0 GAGE WATTENHOFER MANAGER OF MAINTENANCE AND CONSTRUCT 152555 0 0 0 633 0 12571 0 9925 0 175684 0 0 0 TIM ALLEN CREW FOREMAN/AREA SUPERVISOR 153578 0 0 0 0 0 10621 0 9271 0 173470 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS A MEMBER OWNED COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS ONE VOTE IN ELECTIONS OF THE BOARD MEMBERS. THE MEMBERSHIP OF THE COOPERATIVE ALSO VOTES FOR ANY CHANGES TO THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER OF THE COOPERATIVE IS ALLOWED ONE VOTE ON BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE CFO PROVIDES EACH DIRECTOR WITH A COPY OF THE PROPOSED FORM 990 PRIOR TO ITS FILING WITH THE IRS. THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY. THEIR LEGAL COUNSEL COVERS THE POLICY ON A REGULAR BASIS WITH BOTH DIRECTORS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO. THE BOARD HAS A COMPENSATION COMMITTEE TO DETERMINE THE CEO'S SALARY WHICH IS THEN APPROVED BY THE FULL BOARD. THE CEO DETERMINES OFFICER'S PAY. COMPENSATION IS COMPARED TO THE NATIONAL AVERAGES USING 'NRECA COMPENSATE'. FORM 990, PART VI, SECTION C, LINE 18 IN ADDITION TO BEING AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST, OUR 990 AND RELATED SCHEDULES D, J, O, AND R ARE AVAILABLE TO MEMBERS THROUGH SMARTHUB, WHICH IS A HIGHLY-UTILIZED ACCOUNT MANAGEMENT WEBSITE AVAILABLE TO ALL COOPERATIVE MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 BY-LAWS ARE SENT TO ALL NEW MEMBERS THROUGH TRADITIONAL MAIL OR THROUGH A LINK IN AN EMAIL. ANY BY-LAWS CHANGES ARE MAILED TO THE COOPERATIVE'S MEMBERSHIP. MEMBERS CAN ALSO REQUEST A COPY OF THE BY-LAWS. THE ARTICLES OF INCORPORATION AND BYLAWS ARE ALSO PUBLISHED ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE SENT OUT ANNUALLY IN THE COOPERATIVE'S ANNUAL REPORT TO THE MEMBERSHIP. FORM 990, PART IX, LINE 4: AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: LOSS FROM TAXABLE SUBSIDIARIES -172,761. RETIREMENT OF CAPITAL CREDITS -1,967,610. ALLOCATED CAPITAL CREDITS 10,682,407. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS MEETS MONTHLY TO REVIEW FINANCIALS AND GAIN A MORE IN-DEPTH UNDERSTANDING OF THE COOPERATIVE'S FINANCIAL HEALTH. THE BOARD, AS A WHOLE, IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. HUNT ENTERPRISES LLC 203 22ND AVENUE WEST ALEXANDRIA MN 56308 411987931 INVESTMENT COMPANY MN COOPERATIVE HOLDING COMPANY COOPERATIVE MINERAL RESOURCE LLC PO BOX 507 BRAINERD MN 56401 264027746 MANGANESE MINING MN HUNT ENTERPRISES LLC CROW WING POWER COMMUNITY TRUST PO BOX 507 BRAINERD MN 56401 411849237 COMMUNITY TRUST MN 501(C)(3) 8 N/A 0 CROW WING POWER CREDIT UNION PO BOX 962 BRAINERD MN 56401 411929474 PROVIDING LOAN AND SAVINGS SERVICES MN 501(C)(14) N/A 0 PEOPLES SECURITY COMPANY INC PO BOX 467 BRAINERD MN 56401 411626123 SALES, INSTALLATION AND MONITORING OF SECURITY SYSTEMS MN COOPERATIVE HOLDING COMPANY INC C 1486508 1180368 1.00000 1 COOPERATIVE HOLDING COMPANY INC PO BOX 507 BRAINERD MN 56401 261752891 HOLDING COMPANY FOR CROW WING SUBSIDIARIES MN CROW WING COOPERATIVE POWER & LIGHT CO C 1529134 11605331 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 PEOPLES SECURITY COMPANY INC A 109386 RENTS RECEIVED CROW WING POWER CREDIT UNION J 179902 RENTS RECEIVED CROW WING POWER COMMUNITY TRUST R 249578 TRANSFERED TO TRUST PART I: COOPERATIVE MINERAL RESOURCES, LLC IS A DISREGARDED ENTITY OF HUNT ENTERPRISES, LLC, AND HUNT ENTERPRISES IS A DISREGARDED ENTITY OF COOPERATIVE HOLDING COMPANY, INC WHICH IS A C CORPORATION. ACCORDINGLY, THE ASSETS AND INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF COOPERATIVE HOLDING COMPANY. AS NONE OF THE ASSETS OR INCOME OF THE DISREGARDED ENTITIES ARE INCLUDED ON THE TAX RETURN OF CROW WING COOPERATIVE POWER & LIGHT CO, THERE ARE NO INCOME OR ASSETS TO REPORT PER THE IRS INSTRUCTIONS. PART IV: COOPERATIVE HOLDING COMPANY, INC OWNS 100% OF PEOPLES SECURITY COMPANY, INC AND FILES A CONSOLIDATED TAX RETURN WITH PEOPLES SECURITY. THE AMOUNTS REPORTED IN PART IV FOR INCOME AND ASSETS FOR COOPERATIVE HOLDING ARE THE CONSOLIDATED AMOUNTS AFTER ELIMINATIONS REPORTED ON ITS FORM 1120. THE AMOUNTS REPORTED FOR INCOME AND ASSETS FOR PEOPLES SECURITY ARE INCLUDED WITHIN THE CONSOLIDATED TOTALS REPORTED FOR COOPERATIVE HOLDING. CROW WING COOPERATIVE POWER & LIGHT CO OWNS 100% OF COOPERATIVE HOLDING COMPANY.