2016-10-10T14:20:29-05:00 2015-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2015-01-01 420320323 Hawkeye Tri-County Electric Cooperative DBA Hawkeye REC HAWK 5635473801 PO Box 90 Cresco IA 52136 Brian Krambeer CEO 5635473801 2016-10-04 1 Laurie Hanson P00851848 6053391999 2016-10-04 2015 2017-02-10 21:41:12Z Hawkeye REC Brian Krambeer PO Box 90 Cresco IA 52136 25591712 0 X www.hawkeyerec.com X 1938 IA To provide access to safe, dependable and affordable electric services. 7 7 42 0 15807 4958 0 0 24825432 25384557 23915 25256 935 2505 24850282 25412318 0 4225 582421 687447 2787690 2899411 0 0 0 20539050 21133788 23909161 24724871 941121 687447 62678006 63825209 41848007 41576910 20829999 22248299 X As a locally owned Cooperative organization we strive to provide a reliable electric distribution system, maintain financial stability, communicate, maximize marketing opportunities, provide other related services, and use sound business practices thus earning the trust, loyalty and respect of our patrons. 0 0 Distribution of electricity to approximately 5,464 members located primarily in rural areas. 0 0 0 0 0 0 0 1 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 19 0 1 42 1 1 1 0 0 0 0 24865167 489386 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 1 0 X Brian Krambeer 5635473801 PO Box 90 Cresco IA 52136 X Dean Fisher President 6.60 X X 11590 0 0 Dean Nierling Vice President 3.80 X X 6150 0 0 Dennis Ptacek Secretary/Treasurer 2.80 X X 6180 0 0 Dennis Young Director 4.40 X 7950 0 0 Charles Frana Director 7.50 X 10525 0 0 Darla Rance Director 4.90 X 9025 0 0 Carl Reicks Director 2.10 X 5225 0 0 Brian Krambeer Chief Executive Officer 30.00 X 112227 0 74954 168872 0 74954 1 0 1 0 Tjader & Highstrom Utility Services LLC PO Box 856489 Minneapolis MN 55485 Overhead Line Building 2432770 Moll's Utility Services LLC 622 170TH St Hammond WI 54015 Overhead Line Building 1521735 Asplundh Tree Expert Co 708 Blair Mill Rd Willow Grove PA 19090 Tree clearing/spraying 523205 Norby Tree Service 39520 120th St Mabel MN 55954 Tree clearing/spraying 380010 Tri-County Electric COOP 31110 Cooperative Way Rushford MN 55971 Shared CEO & Member Services Mgr 342374 8 Sale of Power 221000 24280272 24280272 Capital Credits 221000 830544 830544 Investment in HTC Corp 531390 268925 268925 Equity Earnings 900099 4816 13302 -8486 25384557 25256 25256 181899 179394 2505 2505 25412318 25379741 15807 16770 4225 687447 205491 2143302 386655 163963 1418336 1573477 Cost of Power 15941789 Distribution-Maintenanc 1415670 Distribution-Operations 1262789 Admin & General 1219265 -1697538 24724871 3880106 2988876 3794093 3129006 1773655 1864024 1182432 1235773 1997820 1973069 55811538 12250388 41895098 43561150 399419 697077 7751777 8365576 3606 10658 62678006 63825209 3167561 2754269 651912 8896 12446 34503851 35224671 1100000 600000 2415787 2985524 41848007 41576910 X 0 0 0 0 20829999 22248299 20829999 22248299 62678006 63825209 X 687447 730853 X 0 1 X 1 1 1 0 1 X 148985 148985 5609568 492463 5117105 49247267 11757925 37489342 805718 805718 43561150 NRUCFC Subordinate Certificates 388927 C Dairyland Power Cooperative 7806520 C Pat Cap. NRUCFC 143429 C Other Investments 26700 C 8365576 -2818 Customer Deposits 124877 Deferred Credits 2863465 2985524 X Part IV, Line 2b: Hawkeye Tri-County's RECare program provides members with the ability to donate money through the Cooperative to help needy members pay their electric bills. The account is listed on the balance sheet as a liability. Part X, Line 2: The Cooperative is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code. The Cooperative does pay income tax on its unrelated business income on Federal Form 990T. The Cooperative's subsidiary is a taxable corporation. X X X 0 0 0 Brian Krambeer Chief Executive Officer 109544 0 0 0 2683 0 63202 0 12275 0 187704 0 0 0 Schedule J, Part II Brian Krambeer's compensation and hours worked per week are split evenly between Hawkeye Tri-County Electric Cooperative and an unrelated organization, Tri-County Electric Cooperative. Brian is a common law employee of each organization. The compensation reported on Form 990 Part VII and on Schedule J represents Hawkeye Tri-County Electric Cooperative's share of Brian's salary and benefits. Per the instructions, included in column (c) is $58,278 for the change in actuarial value of the defined benefit plan for Brian. This differs from the actual contribution expense of $19,422 for the defined benefit plan for Brian. Form 990, Part VI, Section A, line 6 Each Member holds a membership of the same class. Form 990, Part VI, Section A, line 7a All Members are entitled to one vote. Form 990, Part VI, Section A, line 7b Any changes to the articles of incorporation will require a vote from the membership. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the Board. Form 990, Part VI, Section B, line 11 The Form 990 will be reviewed by the accountant and general manager, and provided to the Board of Directors prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers directors and officers. Annual conflict of interest disclosure statements are completed. Once completed, the statements are reviewed by the Board of Directors. If there is a conflict, the affected officer or director will abstain from voting. Form 990, Part VI, Section B, line 15a Compensation for the CEO is approved by the board of directions of Hawkeye Tri-County Electric Cooperative in conjuction with Tri-County Electric. A compensation survey is utilized in determining compensation, and a written employment contract is in place. Compensation was last reviewed in 2015. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are 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 actuarial value of the defined benefit plan for the CEO and CFO. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator. Form 990, Part XI, line 9: Retirement of capital credits -456,594. Allocation of 2015 margins in 2016 687,447. Tranfer of rural development grant to other equity 500,000. Form 990, Part IX, Line 24d Statement of Functional Expenses: The labor, pension and payroll taxes reported on lines 6-10 are included in distribution expense, administrative & general expense and customer expense. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24d. Hawkeye Community Solar I LLC PO Box 90 Cresco IA 52136 383926776 Community Solar Project IA N/A HTC Development Corporation PO Box 90 Cresco IA 52136 680403643 Housing Development IA Hawkeye Tri-County Electric Cooperative C 228302 1402808 1.00000 1 HREC Community Solar Holdings LLC PO Box 90 Cresco IA 52136 465101728 Community Solar Project IA Hawkeye Tri-County Electric Cooperative C -12997 23038 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0