BUTLER COUNTY RURAL ELECTRIC COOPERATIVE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: BUTLER COUNTY RURAL ELECTRIC COOPERATIVE (EIN 42-0163705)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-05-02
IRS object ID: 201611239349301316
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-02T15:24:22-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 217	AddressLine1Txt
City	AUSTIN	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55912	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	420163705	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUTLER COUNTY RURAL ELECTRIC COOPERATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BUTL	BusinessNameControlTxt
Phone	3192672726	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 98	AddressLine1Txt
City	ALLISON	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	506020098	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CRAIG CODNER	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	3192672726	PhoneNum
Signature	2016-04-28	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CRAIG POPENHAGEN	PreparerPersonNm
PTIN	P01587689	PTIN
Phone	5074347000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-09-27 15:27:22Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	CRAIG CODNER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 98	AddressLine1Txt
City	ALLISON	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	506020098	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$26,094,716	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.BUTLERREC.COOP	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1936	FormationYr
Legal Domicile State	IA	LegalDomicileStateCd
Activity Or Mission	PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	43	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$377	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$24,820,037	PYProgramServiceRevenueAmt
CY Program Service Revenue	$25,001,303	CYProgramServiceRevenueAmt
PY Investment Income	$143,807	PYInvestmentIncomeAmt
CY Investment Income	$154,951	CYInvestmentIncomeAmt
PY Other Revenue	$846,231	PYOtherRevenueAmt
CY Other Revenue	$802,979	CYOtherRevenueAmt
PY Total Revenue	$25,810,075	PYTotalRevenueAmt
CY Total Revenue	$25,959,233	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$1,178,492	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$935,541	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$315,462	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$312,165	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$24,086,743	PYOtherExpensesAmt
CY Other Expenses	$24,233,254	CYOtherExpensesAmt
PY Total Expenses	$25,580,697	PYTotalExpensesAmt
CY Total Expenses	$25,480,960	CYTotalExpensesAmt
PY Revenues Less Expenses	$229,378	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$478,273	CYRevenuesLessExpensesAmt
Total Assets BOY	$47,020,603	TotalAssetsBOYAmt
Total Assets EOY	$48,323,911	TotalAssetsEOYAmt
Total Liabilities BOY	$28,659,212	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$28,764,967	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$18,361,391	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$19,558,944	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	14	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	43	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$25,205,272	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$942,864	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CRAIG CODNER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3192672726	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	521 N MAIN ST PO BOX 98	AddressLine1Txt
City	ALLISON	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	506020098	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
DUANE RIECKENBERG
PRESIDENT	4.30	Yes (X)	Yes (X)	$7,150	$0	$0
GARY POPPE
VICE PRESIDENT	5.90	Yes (X)	Yes (X)	$4,900	$0	$0
DONALD FELDMAN
DIRECTOR	4.10	Yes (X)		$3,700	$0	$0
LELAND BOYD
TREASURER	3.80	Yes (X)	Yes (X)	$4,000	$0	$0
JOHN KLAHSEN
DIRECTOR	4.20	Yes (X)		$5,600	$0	$0
GERALD SCHMIDT
ASSISTANT SECRETARY-TREASU	3.70	Yes (X)	Yes (X)	$4,400	$0	$0
TIM SCHRAGE
SECRETARY	3.20	Yes (X)	Yes (X)	$4,400	$0	$0
ALLYN HARMS
DIRECTOR	3.70	Yes (X)		$6,000	$0	$0
STEVE BOEVERS
DIRECTOR	3.50	Yes (X)		$3,800	$0	$0
CRAIG CODNER
CEO	40.00		Yes (X)	$132,530	$0	$45,234
JANE BRADLEY
RECORDING SECRETARY	40.00		Yes (X)	$64,613	$0	$25,838

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$241,093	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$71,072	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	SALE OF POWER	Desc
Business	221000	BusinessCd
Total Revenue Column	$25,001,303	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,001,303	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$25,001,303	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$104,501	TotalRevenueColumnAmt
Exclusion	$104,501	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$50,450	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$50,450	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$50,450	TotalRevenueColumnAmt
Exclusion	$50,450	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$147,694	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$135,483	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,211	TotalRevenueColumnAmt
Related Or Exempt Func Income	$11,834	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$377	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	CAPITAL CREDITS	Desc
Business	523000	BusinessCd
Total Revenue Column	$790,768	TotalRevenueColumnAmt
Related Or Exempt Func Income	$790,768	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$790,768	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,959,233	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,803,905	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$377	UnrelatedBusinessRevenueAmt
Exclusion	$154,951	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$935,541	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$312,165	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$831,263	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,481,858	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$18,034,644
ADMIN & GENERAL EXP	$1,006,100
DIST EXP - OPERATIONS	$861,872
DIST EXPENSE - MAINT	$840,000

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,177,517	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$25,480,960	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,394,117	BOYAmt
EOY	$1,604,723	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$29,639	BOYAmt
EOY	$285,190	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,611,866	BOYAmt
EOY	$2,397,048	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$587,096	BOYAmt
EOY	$554,279	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,315,694	BOYAmt
EOY	$1,199,882	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$46,402,002	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,963,592	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$31,957,721	BOYAmt
EOY	$33,438,410	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$16,360	BOYAmt
EOY	$13,093	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$8,305,825	BOYAmt
EOY	$8,629,001	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$26,391	BOYAmt
EOY	$26,391	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$775,894	BOYAmt
EOY	$175,894	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$47,020,603	BOYAmt
EOY	$48,323,911	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,105,118	BOYAmt
EOY	$1,888,394	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,152,289	BOYAmt
EOY	$932,004	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$23,900,287	BOYAmt
EOY	$23,759,128	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$869,242	BOYAmt
EOY	$1,509,412	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$632,276	BOYAmt
EOY	$676,029	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$28,659,212	BOYAmt
EOY	$28,764,967	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$18,361,391	BOYAmt
EOY	$19,558,944	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,361,391	BOYAmt
EOY	$19,558,944	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$47,020,603	BOYAmt
EOY	$48,323,911	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$478,273	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$719,280	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$57,567	OtherCostOrOtherBasisAmt
Book Value	$57,567	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,578,315	OtherCostOrOtherBasisAmt
Depreciation	$972,826	DepreciationAmt
Book Value	$605,489	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,928,492	OtherCostOrOtherBasisAmt
Depreciation	$2,488,685	DepreciationAmt
Book Value	$1,439,807	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$40,837,628	OtherCostOrOtherBasisAmt
Depreciation	$9,502,081	DepreciationAmt
Book Value	$31,335,547	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$33,438,410	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PAT CAP IN ASSOC ORGS	$6,535,897	C
NRUCFC CAPITAL TERM CERTS	$544,782	C
NRUCFC MEMBER CAP SECS	$50,000	C
ECONOMIC DEVEL LOANS	$455,928	C
REVOLVING LOAN FUNDS	$1,034,078	C
OTHER INVESTMENTS	$8,316	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$8,629,001	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$186,035
PATRONAGE CAPITAL PAYABLE	$20,294
ACCUM PROV FOR PENSION & BENEFITS	$469,700

Field	Value	IRS element (for citing)
Total Liability	$676,029	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, AND NIDCO IS EXEMPT UNDER SECTION 501(C)(3). FRDCO IS A TAXABLE CORPORATION, AND HAD A LOSS OF $1,498 FOR 2015 AND A LOSS OF $2,100 FOR 2014. THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2015 AND 2014 FOR THE COOPERATIVE OR ITS SUBSIDIARIES. AS OF DECEMBER 31, 2015, FRDCO HAS A NET OPERATING LOSS CARRYFORWARD AVAILABLE OF APPROXIMATELY $57,000. AN EQUAL AND OFFSETTING VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THE NET OPERATING LOSS CARRYFORWARD AS THE LIKELIHOOD OF USING THE CARRYFORWARD IS NOT DETERMINED. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015 AND 2014. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	CRAIG CODNER	PersonNm
Title	CEO	TitleTxt
Base Compensation Filing Org	$125,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$7,530	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$30,950	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$14,284	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$177,764	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	JOHN KLAHSEN, DIRECTOR, & DONALD FELDMAN, DIRECTOR, OF THE BOARD OF DIRECTORS, HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6	SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS EQUAL VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS ELECT THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7B	THE MEMBERSHIP VOTES ON ANY CHANGES TO THE ARTICLES OF INCORPORATION.
FORM 990, PART VI, SECTION B, LINE 11	THE BOARD OF DIRECTORS REVIEWED THE FORM 990 PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12C	DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE EXPECTED TO DECLARE ANY CONFLICTS OF INTEREST. DIRECTORS ARE TO ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY MATTERS INVOLVING A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	CEO AND RECORDING SECRETARY'S COMPENSATION WERE REVIEWED AND APPROVED IN 2015 BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS.
FORM 990, PART XI, LINE 9:	CAPITAL CREDITS RETIRED -202,695. NET ACTUARIAL LOSS ON POST RETIREMENT BENEFITS -10,300. BOOK/TAX DIFFERENCE - SUBSIDIARY INCOME -3,266. PATRONAGE DIVIDENDS PAID 935,541.
PART XII, LINE 2C:	THE PROCESS FOR OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED.
FORM 990, PART IX, LINE 4	THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NORTHEAST IOWA DEVELOPMENT CORP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	521 NORTH MAIN STREET	AddressLine1Txt
City	ALLISON	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	50602	ZIPCd

Field	Value	IRS element (for citing)
EIN	421373757	EIN
Primary Activities	HOUSING LOANS	PrimaryActivitiesTxt
Legal Domicile State	IA	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	LINE 7	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	BUTLER COUNTY RURAL ELECTRIC COOPERATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	0	ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	FIVE RIVERS DEVELOPMENT CORP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	521 NORTH MAIN	AddressLine1Txt
City	ALLISON	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	50602	ZIPCd

Field	Value	IRS element (for citing)
EIN	421436185	EIN
Primary Activities	ECONOMIC DEVELOPMENT	PrimaryActivitiesTxt
Legal Domicile State	IA	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	BUTLER COUNTY REC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C	EntityTypeTxt
Share Of Total Income	-$1,498	ShareOfTotalIncomeAmt
Share Of EOY Assets	$30,481	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	NO TRANSACTIONS OVER 50000	BusinessNameLine1Txt