2014-05-08T12:09:14-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2013-01-01 420163705 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE BUTL 3192672726 PO BOX 98 ALLISON IA 506020098 CRAIG CODNER CEO 3192672726 2014-04-29 1 CRAIG POPENHAGEN P01587689 5074347000 2013 2015-11-30 17:44:51Z CRAIG CODNER PO BOX 98 ALLISON IA 506020098 25585518 0 X WWW.BUTLERREC.COOP X 1936 IA PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 9 9 47 0 3477 0 0 0 21786615 24323115 159574 121910 1125801 976091 23071990 25421116 0 0 392481 1031654 387797 256408 0 0 0 21287867 23479208 22068145 24767270 1003845 653846 40077476 44527625 24430380 27371120 15647096 17156505 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20 0 1 47 1 1 1 0 0 0 0 24616298 1094820 0 X 9 9 1 0 1 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 5.10 X X 6900 0 0 GARY POPPE VICE PRESIDENT 5.30 X X 4800 0 0 DONALD FELDMAN DIRECTOR 4.10 X 3200 0 0 LELAND BOYD TREASURER 4.10 X X 4000 0 0 LOWELL GOODENBOUR DIRECTOR 1.20 X 800 0 0 HARLEY HENRICHS DIRECTOR 4.60 X 1200 0 0 JOHN KLAHSEN DIRECTOR 3.90 X 5800 0 0 GERALD SCHMIDT DIRECTOR 4.20 X 4800 0 0 TIM SCHRAGE SECRETARY 2.90 X X 4200 0 0 ALLYN HARMS DIRECTOR 3.20 X 4000 0 0 STEVE BOEVERS DIRECTOR 2.60 X 3400 0 0 CRAIG CODNER CEO 40.00 X 83898 0 42348 JANE BRADLEY RECORDING SECRETARY 40.00 X 59089 0 27973 186087 0 70321 0 0 0 0 MOLL'S UTILITY SERVICES 622 170TH STREET HAMMOND WI 54015 LINE CONSTRUCTION 1923441 STANLEY CONSULTANTS INCORPORATED 225 IOWA AVE MUSCATINE IA 52761 ENGINEERING SERVICES 134631 2 SALE OF POWER 221000 24323115 24323115 24323115 83409 83409 38501 0 38501 38501 38501 177017 164402 12615 9138 3477 CAPITAL CREDITS 523000 963476 963476 963476 25421116 25295729 3477 121910 1031654 256408 729454 1249877 COST OF POWER 18313338 ADMIN & GENERAL EXP 931667 DIST EXP - OPERATIONS 725415 DIST EXPENSE - MAINT 659719 869738 24767270 919422 1451431 526117 251896 2971833 2752379 17801 0 722402 568303 214298 1320040 42648032 12613720 27315610 30034312 24573 20730 7188135 7601249 26391 26391 150894 500894 40077476 44527625 2099979 2236643 712341 920781 21004839 23594340 613221 619356 24430380 27371120 X 0 0 0 0 15647096 17156505 15647096 17156505 40077476 44527625 X 653846 855563 X X 0 1 X 1 1 1 57567 57567 1536973 880015 656958 3986646 2808484 1178162 37066846 8925221 28141625 30034312 PAT CAP IN ASSOC ORGS 5188000 C NRUCFC CAPITAL TERM CERTS 547064 C NRUCFC MEMBER CAP SECS 50000 C ECONOMIC DEVEL LOANS 900547 C REVOLVING LOAN FUNDS 907322 C OTHER INVESTMENTS 8316 C 7601249 CONSUMER DEPOSITS 157865 ACCUM PROVISION FOR PENSION & BENEFITS 441200 PATRONAGE CAPITAL PAYABLE 20291 619356 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 $1,900 FOR 2013 AND A LOSS OF $2,180 FOR 2012. THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2013 AND 2012 FOR THE COOPERATIVE OR ITS SUBSIDIARIES. AS OF DECEMBER 31, 2013, FRDCO HAS A NET OPERATING LOSS CARRYFORWARD AVAILABLE OF APPROXIMATELY $61,000. 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, 2013 AND 2012. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. X X 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 4 THE ARTICLES OF INCORPORATION WERE AMENDED TO ADD A NEW ARTICLE SETTING FORTH A DISPUTE RESOLUTION PROCESS FOR MEMBER DISPUTES. 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 2013 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 -191,448. NET ACTUARIAL GAIN ON POST RETIREMENT BENEFITS 19,200. BOOK/TAX DIFFERENCE - SUBSIDIARY INCOME -3,843. PATRONAGE DIVIDENDS PAID 1,031,654. 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 -1900 30481 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 NO TRANSACTIONS OVER 50000