2016-05-02T15:24:22-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2015-01-01 420163705 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE BUTL 3192672726 PO BOX 98 ALLISON IA 506020098 CRAIG CODNER CEO 3192672726 2016-04-28 1 CRAIG POPENHAGEN P01587689 5074347000 2015 2016-09-27 15:27:22Z CRAIG CODNER PO BOX 98 ALLISON IA 506020098 26094716 0 X WWW.BUTLERREC.COOP X 1936 IA PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 9 9 43 0 377 0 0 0 24820037 25001303 143807 154951 846231 802979 25810075 25959233 0 0 1178492 935541 315462 312165 0 0 0 24086743 24233254 25580697 25480960 229378 478273 47020603 48323911 28659212 28764967 18361391 19558944 PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 0 0 DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14 0 43 1 1 1 0 0 0 0 25205272 942864 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CRAIG CODNER 3192672726 521 N MAIN ST PO BOX 98 ALLISON IA 506020098 DUANE RIECKENBERG PRESIDENT 4.30 X X 7150 0 0 GARY POPPE VICE PRESIDENT 5.90 X X 4900 0 0 DONALD FELDMAN DIRECTOR 4.10 X 3700 0 0 LELAND BOYD TREASURER 3.80 X X 4000 0 0 JOHN KLAHSEN DIRECTOR 4.20 X 5600 0 0 GERALD SCHMIDT ASSISTANT SECRETARY-TREASU 3.70 X X 4400 0 0 TIM SCHRAGE SECRETARY 3.20 X X 4400 0 0 ALLYN HARMS DIRECTOR 3.70 X 6000 0 0 STEVE BOEVERS DIRECTOR 3.50 X 3800 0 0 CRAIG CODNER CEO 40.00 X 132530 0 45234 JANE BRADLEY RECORDING SECRETARY 40.00 X 64613 0 25838 241093 0 71072 1 0 1 0 0 SALE OF POWER 221000 25001303 25001303 25001303 104501 104501 50450 0 50450 50450 50450 147694 135483 12211 11834 377 CAPITAL CREDITS 523000 790768 790768 790768 25959233 25803905 377 154951 935541 312165 831263 1481858 COST OF POWER 18034644 ADMIN & GENERAL EXP 1006100 DIST EXP - OPERATIONS 861872 DIST EXPENSE - MAINT 840000 1177517 25480960 1394117 1604723 29639 285190 2611866 2397048 587096 554279 1315694 1199882 46402002 12963592 31957721 33438410 16360 13093 8305825 8629001 26391 26391 775894 175894 47020603 48323911 2105118 1888394 1152289 932004 23900287 23759128 869242 1509412 632276 676029 28659212 28764967 X 0 0 0 0 18361391 19558944 18361391 19558944 47020603 48323911 X 478273 719280 X X 0 1 X 1 0 57567 57567 1578315 972826 605489 3928492 2488685 1439807 40837628 9502081 31335547 33438410 PAT CAP IN ASSOC ORGS 6535897 C NRUCFC CAPITAL TERM CERTS 544782 C NRUCFC MEMBER CAP SECS 50000 C ECONOMIC DEVEL LOANS 455928 C REVOLVING LOAN FUNDS 1034078 C OTHER INVESTMENTS 8316 C 8629001 CONSUMER DEPOSITS 186035 PATRONAGE CAPITAL PAYABLE 20294 ACCUM PROV FOR PENSION & BENEFITS 469700 676029 X PART X, LINE 2: 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. X X 0 0 0 CRAIG CODNER CEO 125000 0 0 0 7530 0 30950 0 14284 0 177764 0 0 0 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. NORTHEAST IOWA DEVELOPMENT CORP 521 NORTH MAIN STREET ALLISON IA 50602 421373757 HOUSING LOANS IA 501(C)(3) LINE 7 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE 0 FIVE RIVERS DEVELOPMENT CORP 521 NORTH MAIN ALLISON IA 50602 421436185 ECONOMIC DEVELOPMENT IA BUTLER COUNTY REC C -1498 30481 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 NO TRANSACTIONS OVER 50000