2016-09-26T10:59:32-05:00 2015-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2015-01-01 460225950 WEST CENTRAL ELECTRIC COOPERATIVE INC WEST 6056692472 PO BOX 17 MURDO SD 575590017 STEVEN J REED CEO 6056692472 2016-08-02 1 LAURIE HANSON P00851848 6053391999 2016-08-02 2015 2017-02-10 21:41:12Z CHARLES OLLER PO BOX 17 MURDO SD 575590017 14810791 0 X HTTP://WWW.WCE.COOP X 1949 SD TO PROVIDE ELECTRICITY TO RURAL AREAS. 10 10 41 0 0 0 0 0 15021120 14661789 220393 122516 -1405 -814 15240108 14783491 15000 15000 449487 448716 3102930 3440174 0 0 0 11368530 10729559 14935947 14633449 304161 150042 48720378 45639322 33827983 30440689 14892395 15198633 NONE 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,701 MEMBERS AND ADDED/REPLACED 4.99 MILES OF LINES. 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 41 1 0 0 0 0 0 15170029 197711 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X STEVEN J REED 6056692472 PO BOX 17 MURDO SD 57559 X CHARLES OLLER PRESIDENT 4.60 X X 10720 0 0 SHAD RIGGLE VICE PRESIDENT 9.00 X X 11540 0 0 MIKE MCQUISTION SECRETARY-TREASURER 7.60 X X 9460 0 0 DAVID GEISLER DIRECTOR 9.60 X 13860 0 0 JOE LEUTENEGGER DIRECTOR 8.10 X 8420 0 0 DAVID J MERTENS DIRECTOR 10.90 X 13620 0 0 KEVIN NEUHAUSER DIRECTOR 5.90 X 13060 0 0 JIM WILLERT DIRECTOR 6.80 X 11760 0 0 MARTY HANSEN DIRECTOR 7.40 X 13320 0 0 KENNETH MILLER DIRECTOR 6.90 X 12800 0 0 STEVEN J REED GENERAL MANAGER/CEO 50.00 X 216041 0 65773 JEFF BIRKELAND MANAGER OF FINANCE 50.00 X 111773 0 60366 SCOTT KITTLESON OPERATIONS MANAGER 50.00 X 110343 0 81704 JOE CONNOT MEMBER SERVICES MANAGER 50.00 X 128642 0 47068 KIT TALICH SYSTEM ENGINEER 50.00 X 100444 0 23104 785803 0 278015 5 0 1 0 0 SALE OF POWER 221000 14094481 14094481 CAPITAL CREDITS 221000 322548 322548 OTHER OPERATING 221000 196051 196051 OTHER NON-OPERATING 900099 48709 48709 14661789 130895 130895 8379 -8379 -8379 -8379 18107 18921 -814 -814 14783491 14660975 0 122516 15000 448716 541629 2292633 411979 193933 928190 1349784 COST OF POWER 7480379 ADMIN & GENERAL 1583419 DISTRIBUTION-OPERATIONS 1301861 DISTRIBUTION-MAINTENANC 394599 -2308673 14633449 4800292 5728805 1539636 1632341 228257 205114 6314504 1206871 856294 736181 52722035 22864445 28969068 29857590 91238 104524 5921089 6167896 48720378 45639322 1548471 1651635 23201742 25306189 345310 345310 8732460 3137555 33827983 30440689 X 0 0 0 0 14892395 15198633 14892395 15198633 48720378 45639322 X 150042 156196 X 0 1 X 1 0 89063 89063 1163408 773398 390010 49350801 22091047 27259754 2118763 2118763 29857590 RUSHMORE ELECTRIC POWER COOPERATIVE 5391743 C BASIN ELECTRIC POWER COOPERATIVE 100 C RURAL ELECTRIC SUPPLY COOPERATIVE 16199 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 19903 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 162335 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 577616 C 6167896 CUSTOMER DEPOSITS 166938 DEFERRED CREDITS 2970617 3137555 X 14717991 -65499 -65499 14783490 0 14783490 14119234 0 14119234 514215 514215 14633449 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(12) OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT INCOME FROM INCOME TAX (FORM 990) WITH THE IRS. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP -65,499. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 65,499. ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 448,716. 1 SCHOLARSHIPS 20 15000 PART I, LINE 2: EACH YEAR WEST CENTRAL SUPPORTS CONTINUING EDUCATION FOR AREA STUDENTS BY OFFERING SEVERAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS WHO ARE DEPENDENTS OF COOPERATIVE MEMBERS. THE SCHOLARSHIP COMMITTEE, CEO, DIRECTOR OF MEMBER SERVICES, AND CFO ARE CHARGED WITH REVIEWING APPLICATIONS AND DETERMINING THE WINNERS BASED ON THEIR MERITS. SCHOLARSHIP DISBURSEMENTS ARE CO-PAYABLE TO THE STUDENT AND THE SCHOOL OF THE STUDENTS CHOICE. SHOULD A STUDENT DECIDE NOT TO ATTEND SCHOOL, THE FUNDS ARE RETURNED TO WEST CENTRAL ELECTRIC COOPERATIVE INC. THE PROCESS FOR MONITORING INCLUDES APPROVAL THROUGH THE BUDGET PROCESS BY THE BOARD. THE BOARD IS INFORMED OF THE SCHOLARSHIP WINNERS AND THE AMOUNT GIVEN EACH YEAR. X X X 0 0 0 STEVEN J REED GENERAL MANAGER/CEO 187357 0 5200 0 23484 0 44278 0 23177 0 283496 0 0 0 JEFF BIRKELAND MANAGER OF FINANCE 100409 0 0 0 11364 0 47348 0 14057 0 173178 0 0 0 SCOTT KITTLESON OPERATIONS MANAGER 95768 0 0 0 14575 0 68686 0 14013 0 193042 0 0 0 JOE CONNOT MEMBER SERVICES MANAGER 124233 0 0 0 4409 0 31936 0 16278 0 176856 0 0 0 SCHEDULE J, PART II, COLUMN (C) PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE ARE NOT INCLUDIBLE IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 6 CLASS A MEMBERS - ALL MEMBERS WITH LESS THAN A 2 MW LOAD. CLASS B MEMBERS - MEMBERS HAVING A LOAD EQUAL TO OR GREATER THAN 2 MW. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES MEET AND REPORT TO THE BOARD. THE ENTIRE BOARD ACTS AS A WHOLE. A COMMITTEE CAN NOT TAKE ACTION BY ITSELF. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD WILL REVIEW THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE 990. BOARD MEMBERS WILL BE GIVEN A COPY OF THE 990 AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EITHER MANAGEMENT OR THE BOARD CAN DETERMINE IF THERE IS A CONFLICT OF INTEREST. CONFLICTS ARE REVIEWED AT THE CEO AND BOARD LEVEL. THE RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS AND WILL REMOVE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET THE CEO'S COMPENSATION. CEO USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET STAFF AND INSIDE EMPLOYEES' WAGES. THIS PROCESS IS DONE BI-ANNUALLY AND WAS LAST UNDERTAKEN IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS. ALL DOCUMENTS CAN BE VIEWED AT THE COOPERATIVE HEADQUARTERS IN MURDO. 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 GENERAL MANAGER/CEO, OPERATIONS MANAGER AND MANAGER OF FINANCE. 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 -292,520. ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 448,716. FORM 990, PART IX, LINE 24E 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 24E. 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.