2016-09-01T15:31:55-05:00 2015-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2015-01-01 410128105 CONNEXUS ENERGY CONN 7633232600 14601 RAMSEY BOULEVARD RAMSEY MN 55303 MICHAEL BASH VICE PRESIDENT / CFO 7633232600 2016-09-01 1 LAURIE HANSON P00851848 6053391999 2016-09-01 2015 2016-12-15 16:53:06Z GREG RIDDERBUSCH 14601 RAMSEY BOULEVARD RAMSEY MN 55303 257671853 0 X WWW.CONNEXUSENERGY.COM X 1937 MN PROVIDING UTILITY SERVICES TO MEMBERS. 8 8 288 0 1670953 0 0 0 268873976 256811952 712468 418131 494791 363626 270081235 257593709 505697 489718 17660259 8456018 24558523 23907191 0 0 0 227356756 224740782 270081235 257593709 0 0 370231736 371645339 201150734 200453708 169081002 171191631 CONNEXUS ENERGY IS A LOCAL ELECTRIC COOPERATIVE PROVIDING HIGH QUALITY, COST COMPETITIVE, AND RELIABLE SERVICE THAT CONSISTENTLY DEMONSTRATES THE VALUE OF MEMBER OWNERSHIP. 0 0 CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 130,000 MEMBERS IN SEVEN COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 193 0 1 288 1 1 1 0 0 0 0 253985881 3715694 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X NANCY BASARA 7633232731 14601 RAMSEY BOULEVARD RAMSEY MN 55303 X PETER WOJCIECHOWSKI CHAIR 22.00 X X 51534 0 0 MARK ETHEN VICE CHAIR 15.00 X X 46581 0 0 FRAN BATOR SECRETARY/TREASURER 16.00 X X 46821 0 0 GORDON WESTERLIND ASST. SECRETARY/TREASURER 15.00 X X 22581 0 24000 KEN FIERECK DIRECTOR 16.00 X 32581 0 14000 MICHAEL KERR DIRECTOR 12.00 X 46581 0 0 DONALD HOLL DIRECTOR 16.00 X 46581 0 0 MICHAEL CADY DIRECTOR 12.00 X 46581 0 0 GREG RIDDERBUSCH PRESIDENT/CEO EFFECTIVE 10/01/15 40.00 X 86813 0 3178 MIKE RAJALA PRESIDENT/CEO UNTIL 10/01/15 50.00 X 479496 0 41772 MICHAEL BASH VP,CFO 40.00 X 355385 0 102088 MATT YSETH VP, ELECTRIC OPERATIONS 45.00 X 267560 0 71270 JOHN GASAL VP, POWER SUPPLY UNTIL 05/22/15 40.00 X 145185 0 41729 PETER MILLER VP, HUMAN RESOURCES 50.00 X 255359 0 63138 DON HALLER VP, MEMBER AND COMMUNITY 45.00 X 211121 0 52682 GREG GROENJES MGR., CONSTRUCTION & MAINT 45.00 X 144365 0 33047 NANCY BASARA CONTROLLER 45.00 X 178689 0 48570 MARK KOPLIN MGR - INFORMATION TECHNOLOGIES 45.00 X 179151 0 37327 NICK LOEHLEIN MANAGER - SYS ENGINEERING 45.00 X 168100 0 45319 LEON RICHTER LINEMAN 52.00 X 142139 0 44274 2953204 0 622394 71 0 1 0 ASPLUNDH 708 BLAIR MILL ROAD WILLOW GROVE PA 190901784 TREE TRIMMING SERVICES 1874578 RP SCHROEDER CONSTRUCTION 18329 263RD AVE BIG LAKE MN 55309 CONSTRUCTION SERVICES 1649389 CARR'S TREE SERVICE INC PO BOX 250 OTTERTAIL MN 56571 TREE TRIMMING SERVICES 815459 WRIGHT TREE SERVICE PO BOX 1718 DES MOINES IA 50306 TREE TRIMMING SERVICES 772557 CENTRAL APPLICATORS PO BOX 279 FOLEY MN 56329 TRIMMING SERVICES/VEGETATION MANAGEMENT 465045 20 SALE OF ELECTRICITY 221000 251138938 251088979 49959 GEN & TRANS CAP CREDIT 221000 3135503 3135503 UTILITY/RETAIL/FLEET 221000 1594347 429 1593918 OTHER 221000 943164 915925 27239 256811952 355158 355158 339344 0 339344 339344 339344 141117 78144 62973 62973 62973 EQUITY EARNINGS - FEDE 900099 24282 24445 -163 24282 257593709 255165281 1670953 757475 X 489718 8456018 2347899 15771234 1749348 2714170 1324540 303085 72785 1032218 322222 1420855 1622242 1398151 272823 45186 5772907 11869531 436113 COST OF POWER 189901838 ELECTRIC OPERATIONS 4648595 PROP. & REAL ESTATE TAX 3533996 FLEET/VEHICLE EXPENSES 1076519 1011716 257593709 6189 9472 4001 8041 28211523 25688436 3797476 3489104 753404 703026 328313255 132945570 195098645 195367685 9426595 9345997 120836702 124352674 941 941 12096260 12679963 370231736 371645339 17692103 16582858 129784051 142173077 14574000 5769000 39100580 35928773 201150734 200453708 X 0 0 0 0 169081002 171191631 169081002 171191631 370231736 371645339 X 0 2110629 X 0 1 X 1 0 2128253 2128253 14306202 5904977 8401225 308926439 127040593 181885846 2952361 2952361 195367685 GREAT RIVER ENERGY 119018051 C OTHER ASSOCIATED ORGANIZATIONS 5334623 C 124352674 CUSTOMER DEPOSITS 1150446 DEFERRED CREDITS 801372 PAYABLE TO GREAT RIVER ENERGY 27936693 UNFUNDED PENSION LIABILITY 2353988 OTHER LIABILITIES 1596512 DEFERRED COMP 2089762 35928773 X 257593709 0 257593709 0 257593709 249137691 0 249137691 8456018 8456018 257593709 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS INCOME. THE COOPERATIVE EVALUATES ITS INCOME TAX POSITIONS ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2015 AND 2014 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. GENERALLY, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 8,456,018. 1 ANOKA COUNTY 550 BUNKER LAKE BLVD NW ANDOVER MN 55303 416005752 GOVENMENTAL 25000 WARGO NATURE CENTER SPONSOR ISD 728 900 SCHOOL STREET ELK RIVER ME 55330 416003818 GOVENMENTAL 5000 SCHOLARSHIPS ANOKA TECHNICAL COLLEGE FOUNDATION 1355 WEST HWY 10 ANOKA MN 55303 416008267 501(C)(3) 87500 DONATION TO FOUNDATION - GENERAL INITIATIVE FOUNDATION 405 FIRST ST SE LITTLE FALLS MN 56345 363451562 501(C)(3) 10000 DONATION TO FOUNDATION - GENERAL MERCYUNITY HOSPITAL FOUNDATION 550 OSBORNE RD FRIDLEY MN 55432 363261413 501(C)(3) 34660 DONATION TO FOUNDATION - HEALTHY STUDENT PROGRAM AND GENERAL GREATER TWIN CITIES UNITED WAY 404 S 8TH STREET MINNEAPOLIS MN 55404 411973442 501(C)(3) 21039 MATCH EMPLOYEE CONTRIBUTIONS NATIONAL SPORTS CENTER 1700 105TH AVENUE NE BLAINE MN 55449 411646516 501(C)(3) 85000 OTHER IN-KIND ELECTRICITY GENERAL DONATION ANOKA COUNTY DEPARTMENT OF PARKS AND RECREATION 550 BUNKER LAKE BLVD ANDOVER MN 55304 416005752 GOVENMENTAL 20000 WILD LIFE OUTREACH - HERITAGE LAB ALEXANDRA HOUSE PO BOX 49030 BLAINE MN 55449 411309977 501(C)(3) 20000 GENERAL DONATION ANOKA RAMSEY COMMUNITY COLLEGE FOUNDATION 11200 MISSISSIPPI BLVD COON RAPIDS MN 55433 411574797 501(C)(3) 12850 SCHOLARSHIP AMERICAN RED CROSS 1201 W RIVERY PKWY MINNEAPOLIS MN 55454 030585610 501(C)(3) 10000 GENERAL DONATION ANOKA COUNTY CHILD ABUSE PREVENTION COUNCIL 2100 3RD AVE ANOKA MN 55304 416048575 GOVENMENTAL 5000 DONATION TO FOUNDATION. - GENERAL SALVATION ARMY HEATSHARE 2445 PRIOR AVE ROSEVILLE MN 55113 410698597 501(C)(3) 30000 GENERAL DONATION TREE TRUST 2231 EDGEWOOD AVE S ST LOUIS PARK MN 55426 411291626 501(C)(3) 10000 GENERAL DONATION HOPE 4 YOUTH 2665 4TH AVE N 40 ANOKA MN 55303 461626500 501(C)(3) 25675 GENERAL DONATION 15 PART I, LINE 2: THE TOTAL AMOUNT OF CONTRIBUTIONS PLANNED FOR A YEAR IS APPROVED BY THE BOARD AS A PART OF OUR ANNUAL PROFIT PLANNING PROCESS. INDIVIDUAL CONTRIBUTIONS ARE APPROVED AND SUBSTANTIATED USING OUR NORMAL PAYMENT APPROVAL PROCESS. X 1 1 X X X X 0 1 0 MIKE RAJALA PRESIDENT/CEO UNTIL 10/01/15 322065 0 93719 0 63712 0 29816 0 12894 0 522206 0 0 0 MICHAEL BASH VP,CFO 292337 0 51054 0 11994 0 78688 0 24225 0 458298 0 0 0 MATT YSETH VP, ELECTRIC OPERATIONS 225263 0 39476 0 2821 0 47631 0 24274 0 339465 0 0 0 JOHN GASAL VP, POWER SUPPLY UNTIL 05/22/15 92354 0 39181 0 13650 0 33761 0 8224 0 187170 0 0 0 PETER MILLER VP, HUMAN RESOURCES 216485 0 38036 0 838 0 42293 0 21660 0 319312 0 0 0 DON HALLER VP, MEMBER AND COMMUNITY 179439 0 31600 0 82 0 35233 0 17982 0 264336 0 0 0 GREG GROENJES MGR., CONSTRUCTION & MAINT 130600 0 13226 0 539 0 14409 0 19011 0 177785 0 0 0 NANCY BASARA CONTROLLER 162594 0 15301 0 794 0 26272 0 22764 0 227725 0 0 0 MARK KOPLIN MGR - INFORMATION TECHNOLOGIES 161695 0 16918 0 538 0 18070 0 19712 0 216933 0 0 0 NICK LOEHLEIN MANAGER - SYS ENGINEERING 127036 0 34100 0 6964 0 21311 0 24381 0 213792 0 0 0 LEON RICHTER LINEMAN 134508 0 7242 0 389 0 21093 0 23427 0 186659 0 0 0 PART I, LINE 1A OUR POLICY IS TO GROSS UP ALL RECOGNITION PAYMENTS $50 AND LESS. THIS APPLIES TO ALL EMPLOYEES, INCLUDING EXECUTIVES. PART I, LINE 4B THE FOLLOWING OFFICERS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN: MICHAEL BASH JOHN GASAL NO DISBURSEMENTS WERE MADE FROM THE PLAN IN 2015. THE DEFERRED COMPENSATION PLAN BALANCES ARE PAYABLE ON DEMAND, IN FULL, BUT THE BALANCES ARE SUBJECT TO RISK OF FORFEITURE UNTIL FULLY DISTRIBUTED. SCHEDULE J, PART II, COLUMN C AS REQUIRED BY THE INSTRUCTIONS TO SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN. THESE AMOUNTS CAN VARY DEPENDING ON YEARS OF SERVICE AND ELIGIBLE COMPENSATION. THE CHANGE IN ACTUARIAL VALUES ARE: MIKE RAJALA - $19,216 MICHAEL BASH - $68,088 MATT YSETH - $37,031 PETER MILLER - $31,874 DON HALLER - $26,780 JOHN GASAL - $27,912 GREG GROENJES - DOES NOT PARTICIPATE NANCY BASARA - $18,951 MARK KOPLIN - DOES NOT PARTICIPATE NICK LOEHLEIN - $14,592 LEON RICHTER - $15,778 FORM 990, PART VI, SECTION A, LINE 2 DON HOLL AND FRAN BATOR HAD A BUSINESS RELATIONSHIP AS THEY BOTH REPRESENTED CONNEXUS ENERGY ON THE GREAT RIVER ENERGY BOARD. GREAT RIVER ENERGY IS OUR POWER SUPPLIER AND CONNEXUS ENERGY, AS ONE OF ITS MEMBERS, OWNS APPROXIMATELY 20% OF GRE. FORM 990, PART VI, SECTION A, LINE 6 CUSTOMERS WHO PURCHASE ELECTRICITY FROM THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE. THERE IS ONLY ONE MEMBER CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY SELL THE PROPERTY OF THE COOPERATIVE UPON SUCH TERMS AND CONDITIONS AS IT DEEMS APPROPRIATE AND IN THE BEST INTEREST OF THE COOPERATIVE. NO SALE OF MORE THAN TWENTY-FIVE (25%) PERCENT OF THE PROPERTY OF THE COOPERATIVE SHALL BE EFFECTIVE, HOWEVER, UNLESS AUTHORIZED AT A REGULAR OR SPECIAL MEETING BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 INFORMATION RETURN IS DELIVERED TO BOARD MEMBERS A WEEK BEFORE THE BOARD MEETING. IT IS REVIEWED WITH THE ENTIRE BOARD OF DIRECTORS AND SENIOR STAFF AT THE BOARD MEETING, PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS SIGN A CERTIFICATION STATEMENT THAT THEY MEET THE QUALIFICATIONS OF A BOARD MEMBER. THIS CERTIFICATION INCLUDES CONFLICT OF INTEREST LANGUAGE. IF A BOARD MEMBER STATES ON THE CERTIFICATION THAT THERE IS A CONFLICT, THE ENTIRE BOARD WILL REVIEW THE CONFLICT AT THAT TIME. RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT WOULD BE DEPENDENT UPON THE SPECIFIC SITUATION, AND MAY INCLUDE ABSTAINING FROM DISCUSSIONS AND VOTING AND/OR A REQUEST FOR RESIGNATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON MARKET DATA FOR SIMILAR POSITIONS AT COMPARABLE COMPANIES. A MARKET STUDY WAS COMPLETED IN 2014 FOR THE CEO AND FOR OTHER COOPERATIVE OFFICERS. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE PREVIOUS 5 YEARS ARE AVAILABLE ON OUR WEBSITE. ALL OTHER DOCUMENTS ARE MADE 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 EMPLOYEES OF THE COOPERATIVE WHO ARE COVERED BY THE PENSION PLAN. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 8,456,018. CAPITAL CREDIT RETIRED -6,345,389. CONNEXUS COMMUNITY SOLAR 1 LLC 14601 RAMSEY BLVD RAMSEY MN 55303 352505435 SOLAR ENERGY INVESTMENT MN N/A CONNEXUS BLOCKER LLC 14601 RAMSEY BLVD RAMSEY MN 55303 465423665 HOLDING COMPANY FOR SOLAR ENERGY INVESTMENTS. MN CONNEXUS ENERGY C -97174 147745 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0