2025-11-11T16:46:32-06:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2024-01-01 410480748 EAST CENTRAL ENERGY EAST 8002547944 PO BOX 39 BRAHAM MN 550060039 JUSTIN JAHNZ CEO/PRESIDENT 8002547944 2025-11-11 1 0 DAVID HOLT P00014251 7017754685 2025-11-11 2024 2025-03-06 01:10:19Z JUSTIN JAHNZ 412 N MAIN BRAHAM MN 55006 155598325 0 X WWW.EASTCENTRALENERGY.COM X 1936 MN DISTRIBUTE ELECTRIC ENERGY TO MEMBERS 11 9 206 0 16306 12848 0 0 141514404 145702328 498360 1639704 1398502 8256293 143411266 155598325 31949 37277 13037381 14260502 1526721 1725838 0 0 0 131016529 144986694 145612580 161010311 -2201314 -5411986 422306337 497896008 271866940 340190489 150439397 157705519 TO PROVIDE ELECTRIC DISTRIBUTION, FIBER AND OTHER RELATED SERVICES TO ITS MEMBERS. 0 0 PROVIDE ELECTRIC ENERGY TO MEMBERS. 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 1 0 1 0 0 0 1 0 1 0 0 0 0 1 1 0 0 1 435 0 1 206 1 1 1 0 0 0 0 146662788 13067662 0 0 0 X 11 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LISA PRACHAR 7636898042 412 N MAIN BRAHAM MN 55006 X SHELLY NAULT DIRECTOR 9.54 X 22092 0 0 THOMAS SCHOENECKER ASSISTANT SECRETARY/TREASURER 8.81 X 20470 0 0 JIM JESOK SECRETARY/TREASURER 7.12 X 18503 0 0 LINDA LAITALA DIRECTOR 10.94 X 17034 0 0 JERRY TVEDT CHAIR 6.21 X 16602 0 0 LONNIE JOHNSON DIRECTOR 5.98 X 16421 0 0 RON VOLKER DIRECTOR 4.62 X 15849 0 0 WAYNE ELLER DIRECTOR 5.92 X 13629 0 0 GREG KVASNICKA VICE CHAIR 5.00 X 13285 0 0 RICK OLSON DIRECTOR 5.77 X 12889 0 0 MICHAEL GAINOR DIRECTOR 4.13 X 12845 0 0 JOSEPH MORLEY DIRECTOR (THROUGH APRIL 2024) 3.39 X 4472 0 0 JUSTIN JAHNZ PRESIDENT/CEO 43.00 X 345714 0 110605 TY HOUGLUM VP/CHIEF INFORMATION OFFIC 45.00 X 263723 0 113019 ANDY OLSON VP/CHIEF OPERATING OFFICER 42.00 X 262585 0 109376 LISA PRACHAR VP/CHIEF FINANCIAL OFFICER 42.00 X 259775 0 47963 TOR KINDEM LINE TECHNICIAN 56.00 X 186888 0 85173 MARK MACHOVEC LINE TECHNICIAN 53.00 X 181356 0 56054 DAVID WALETSKI MANAGER, ENGINEERING 42.00 X 181126 0 86130 MARK NELSON MANAGER, BUSINESS ACCOUNTS 43.00 X 163530 0 58517 KEVIN KLOCKE LINE TECHNICIAN 52.00 X 162832 0 33115 2191620 0 699952 70 0 1 0 ITG COMMUNICATIONS LLC 152 MOLLY WALTON DR HENDERSONVILLE TN 37075 BROADBAND CONSULTING 26453369 PULSE BROADBAND LLC 2121 COOPERATIVE WAY SUITE 600 HERNDON VA 20171 BROADBAND CONSULTING 4258042 R & G WALDHALM CONTRACTORS 3263 LAKETOWN RD STURGEON LAKE MN 55783 EXCAVATION WORK 2179962 NEW AGE TREE SERVICE INC PO BOX 543 SPRING GROVE MN 55974 TREE TRIMMING/CLEARING 1687941 YTS COMPANIES 11720 BROCKTON LANE NORTH MAPLE GROVE MN 55369 POWER LINE CONSTRUCTION 1622773 15 ELECTRIC SALES 221000 144294547 144294547 BROADBAND REVENUES 517000 1407781 1407781 145702328 1628941 1628941 10763 0 10763 10763 10763 CAPITAL CREDITS 221000 6757881 6757881 OTHER REVENUE 900099 1111429 1111429 JOBBING AND CONTRACT REVENUE 541900 386983 370677 16306 8256293 155598325 153953078 16306 1628941 X 37277 14260502 1725838 10770284 13006295 COST OF POWER 87058319 DIST EXP - MAINTENANCE 9772796 ADMIN & GENERAL 8272649 DIST EXP - OPERATIONS 6998909 9107442 161010311 13568809 12206192 3121046 16909661 20123806 1532519 2005021 15744460 11646001 700646 800916 522197698 152327976 298403232 369869722 405020 2579205 72323929 73121868 2718061 2422231 422306337 497896008 23738741 25309074 19082050 17988844 227770236 294552725 1275913 2339846 271866940 340190489 X 0 0 0 0 150439397 157705519 150439397 157705519 422306337 497896008 X -5411986 12678108 X 0 1 X 1 1 1 1377340 1377340 19524674 9287285 10237389 397853592 143040691 254812901 103442092 103442092 369869722 INVEST PATRONAGE CAP - ASSOC ORGAN 66983250 C INVEST NONGENERAL CTC'S 2096226 C INVEST GENERAL ASSOC COOPS 2663642 C OTHER INVEST ECE NET 1378750 C 73121868 ACCRUED INTEREST 775124 CONSUMER DEPOSITS 849042 ACCU PROV FOR BENEFITS 94097 DUE TO RELATED PARTY 621583 2339846 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES BUT SUBJECT TO CORPORATE INCOME TAX ON ANY UNRELATED BUSINESS ACTIVITIES. THIS WOULD INCLUDE THE ACTIVITIES OF THE SUBSIDIARIES OF THE COOPERATIVE WHICH ARE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES. 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 TAX FILINGS ARE CURRENT. 0 INITIATIVE FOUNDATION 405 FIRST STREET SOUTHEAST LITTLE FALLS MN 56345 363451562 501(C)(3) 10000 0 PROVIDE PERMANENT SUPPORT FOR COMMUNITY AND ECONOMIC DEVELOPMENT IN ECE CENTRAL MINNESOTA SERVICE AREA. 1 X X 0 0 0 JUSTIN JAHNZ PRESIDENT/CEO 345714 0 0 0 0 0 82917 0 28618 0 457249 0 0 0 TY HOUGLUM VP/CHIEF INFORMATION OFFIC 263723 0 0 0 0 0 85331 0 28598 0 377652 0 0 0 ANDY OLSON VP/CHIEF OPERATING OFFICER 262585 0 0 0 0 0 81688 0 28598 0 372871 0 0 0 LISA PRACHAR VP/CHIEF FINANCIAL OFFICER 259775 0 0 0 0 0 20275 0 28598 0 308648 0 0 0 TOR KINDEM LINE TECHNICIAN 186888 0 0 0 0 0 57485 0 28167 0 272540 0 0 0 DAVID WALETSKI MANAGER, ENGINEERING 181126 0 0 0 0 0 58441 0 28455 0 268022 0 0 0 MARK MACHOVEC LINE TECHNICIAN 181356 0 0 0 0 0 28366 0 28160 0 237882 0 0 0 MARK NELSON MANAGER, BUSINESS ACCOUNTS 163530 0 0 0 0 0 40349 0 18821 0 222700 0 0 0 KEVIN KLOCKE LINE TECHNICIAN 162832 0 0 0 0 0 5427 0 28142 0 196401 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C COMPENSATION OF OFFICERS, DIRECTORS, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES: INCLUDED IN OTHER DEFERRED COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THE PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE DISCLOSED IN THE STATEMENT ON SCHEDULE O FOR FORM 990, PART VII, COLUMN F. GREAT RIVER ENERGY LONNIE JOHNSON REPRESENTS THE COOPERATIVE ON GREAT RIVER ENERGY'S BOARD 85764259 PURCHASE OF WHOLESALE POWER 0 GREAT RIVER ENERGY LINDA LAITALA REPRESENTS THE COOPERATIVE ON GREAT RIVER ENERGY'S BOARD 85764259 PURCHASE OF WHOLESALE POWER 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBER OWNED COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONE CLASS OF MEMBERSHIP AND MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON BYLAW CHANGES AND ANY OTHER DECISIONS AS SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE PROVIDED TO THE FINANCE SUPERVISOR AND FINANCE & ASSET MANAGER FOR REVIEW AND THEN FORWARDED TO THE CEO FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EAST CENTRAL ENERGY ENFORCES WHAT IS IN THE EMPLOYEE HANDBOOK RELATED TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCE DEPARTMENT GATHERS MARKET COMPENSATION DATA FOR ALL EMPLOYEES AND THE BOARD OF DIRECTORS PERFORMS A REVIEW AND DETERMINES THE CEO COMPENSATION. OTHER KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON EAST CENTRAL ENERGY'S WEBSITE AND BY REQUEST. THE CONFLICT OF INTEREST STATEMENT IS IN THE EMPLOYEE HANDBOOK AND IS NOT AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, COLUMN F INCLUDED IN COLUMN (F), ESTIMATED AMOUNT OF OTHER COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE ESTIMATED INCREASE FOR EACH EMPLOYEE IS: JUSTIN JAHNZ: $72,917 ANDY OLSON: $73,978 LISA PRACHAR: $12,565 TY HOUGLUM: $77,621 TOR KINDEM: $54,056 MARK NELSON: $35,643 KEVIN KLOCKE: $0 DAVID WALETSKI: $52,940 MARK MACHOVEC: $24,962 THESE AMOUNTS ARE ESTIMATES IN THE INCREASE OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS: JUSTIN JAHNZ: $75,082 ANDY OLSON: $62,442 LISA PRACHAR: $62,442 TY HOUGLUM: $62,442 TOR KINDEM: $30,173 MARK NELSON: $41,074 KEVIN KLOCKE: $0 DAVID WALETSKI: $47,551 MARK MACHOVEC: $30,173 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: RETIREMENT OF CAPITAL CREDITS -1,582,394. ALLOCATED CAPITAL CREDITS 14,260,502. ECE NET LLC 412 N MAIN BRAHAM MN 55006 202174383 PROVIDER OF HIGH SPEED INTERNET SERVICE MN 0 1378750 EAST CENTRAL ENERGY EAST CENTRAL ENERGY TRUST 412 N MAIN BRAHAM MN 55006 411889062 COMMUNITY TRUST MN 501(C)(3) LINE 8 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 EAST CENTRAL ENERGY TRUST R 131975 ACTUAL AMOUNTS TRANSFERRED