MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE (EIN 42-0394605)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-04-28
IRS object ID: 201411189349300711
Schema version: 2013v3.0
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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-04-28T09:37:13-05:00	ReturnTs
Tax Period End	2013-12-31	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	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 217	AddressLine1
City	AUSTIN	City
State	MN	State
ZIP Code	55912	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	420394605	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	MAQU	BusinessNameControlTxt
Phone	3194623542	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	109 N HUBER STREET	AddressLine1
City	ANAMOSA	City
State	IA	State
ZIP Code	522050370	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES M LAUZON	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	3194623542	PhoneNum
Signature	2014-04-22	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	2013	TaxYr
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JAMES M LAUZON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	109 N HUBER STREET	AddressLine1
City	ANAMOSA	City
State	IA	State
ZIP Code	522050370	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$32,607,470	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MVEC.COOP	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1936	FormationYr
Legal Domicile State	IA	LegalDomicileStateCd
Activity Or Mission	PROVIDE RELIABLE, QUALITY ELECTRIC SERVICE IN A SAFE, RESPECTFUL, ENVIROMENTALLY RESPONSIBLE, AND COST EFFECTIVE MANNER.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	72	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$4,501	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$30,183,547	PYProgramServiceRevenueAmt
CY Program Service Revenue	$31,071,878	CYProgramServiceRevenueAmt
PY Investment Income	$193,469	PYInvestmentIncomeAmt
CY Investment Income	$267,826	CYInvestmentIncomeAmt
PY Other Revenue	$1,229,299	PYOtherRevenueAmt
CY Other Revenue	$1,245,762	CYOtherRevenueAmt
PY Total Revenue	$31,606,315	PYTotalRevenueAmt
CY Total Revenue	$32,585,466	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$1,216,193	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,782,796	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$303,530	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$301,505	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$29,246,592	PYOtherExpensesAmt
CY Other Expenses	$30,101,165	CYOtherExpensesAmt
PY Total Expenses	$30,766,315	PYTotalExpensesAmt
CY Total Expenses	$32,185,466	CYTotalExpensesAmt
PY Revenues Less Expenses	$840,000	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$400,000	CYRevenuesLessExpensesAmt
Total Assets BOY	$61,062,326	TotalAssetsBOYAmt
Total Assets EOY	$63,773,918	TotalAssetsEOYAmt
Total Liabilities BOY	$37,836,274	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$39,059,284	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$23,226,052	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$24,714,634	NetAssetsOrFundBalancesEOYAmt
Mission	SELL AND DISTRIBUTE ELECTRIC ENERGY TO RURAL CONSUMERS AND MAINTAIN DISTRIBUTION SYSTEM.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	MAQUOKETA VALLEY ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY SERVICES OVER 3,227 MILES OF DISTRBUTION LINE TO 16,977 METERED SERVICES, SERVING MORE THAN 12,647 RURAL RESIDENTIAL AND COMMERCIAL MEMBER-CONSUMERS IN NINE COUNTIES IN NORTHEASTERN 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	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	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	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	35	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	72	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	$31,675,129	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,755,261	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	0	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	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KELLY GIBBS	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	3194623542	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	109 NORTH HUBER STREET	AddressLine1
City	ANAMOSA	City
State	IA	State
ZIP Code	52205	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
LARRY SWANSON
PRESIDENT	5.00	Yes (X)	Yes (X)	$10,500	$0	$0
GENE MANTERNACH
VICE PRESIDENT	9.60	Yes (X)	Yes (X)	$4,550	$0	$0
ELDON BUSCH
SECRETARY	5.00	Yes (X)	Yes (X)	$6,300	$0	$0
JUDY GOTTO
TREASURER	7.00	Yes (X)	Yes (X)	$7,875	$0	$0
CHARLES MCCULLOUGH
ASSISTANT SECRETARY	8.00	Yes (X)	Yes (X)	$8,750	$0	$0
THOMAS STEWART
DIRECTOR	5.50	Yes (X)		$6,475	$0	$0
RON THIELEN
DIRECTOR	4.00	Yes (X)		$5,600	$0	$0
BILLIE ZUMBACH
DIRECTOR	3.70	Yes (X)		$8,575	$0	$0
JAN NULL
DIRECTOR	3.30	Yes (X)		$6,825	$0	$0
JAMES LAUZON
CEO	50.00		Yes (X)	$191,581	$0	$44,474

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$257,031	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$44,474	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

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
MJ ELECTRIC
PO BOX 840965	DALLAS	TX	75284	LINE CONSTRUCTION	$1,788,842
POWER SYSTEMS ENGINEERING
1532 W BROADWAY	MADISON	WI	53713	ENGINEERING SERVICES	$208,731
RANDALL CHRISTOPHER M DBA RANDALLS TREE
506 C AVE	GRUNDY CENTER	IA	50638	TREE TRIMMING	$181,900
AMERIPOLE INSPECTION COMPANY
PO BOX 114	MARSHALTOWN	IA	50158	TREATMENT AND INSPECTION OF POLES	$104,777
R&R TIMBER
PO BOX 3	BELLEVUE	IA	52031	TREE TRIMMING	$103,962

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	SALE OF POWER	Desc
Business	221000	BusinessCd
Total Revenue Column	$31,071,878	TotalRevenueColumnAmt
Related Or Exempt Func Income	$31,071,878	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$31,071,878	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$209,214	TotalRevenueColumnAmt
Exclusion	$209,214	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Personal	$67,923	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Personal	$3,032	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Personal	$64,891	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$64,891	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,455	UnrelatedBusinessRevenueAmt
Exclusion	$61,436	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$66,902	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$8,290	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$58,612	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$58,612	TotalRevenueColumnAmt
Exclusion	$58,612	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$11,728	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$10,682	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,046	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,046	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	CAPITAL CREDITS	Desc
Business	523000	BusinessCd
Total Revenue Column	$1,179,825	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,179,825	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,179,825	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$32,585,466	TotalRevenueColumnAmt
Related Or Exempt Func Income	$32,251,703	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$4,501	UnrelatedBusinessRevenueAmt
Exclusion	$329,262	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,782,796	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$301,505	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,660,798	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,240,295	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$19,731,066
DIST EXP - OPERATIONS	$1,972,771
DIST EXP - MAINTENANCE	$1,572,426
ADMIN & GENERAL EXPENSE	$1,093,133

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,830,676	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$32,185,466	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,097,420	BOYAmt
EOY	$2,272,715	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,200,893	BOYAmt
EOY	$718,013	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,974,774	BOYAmt
EOY	$4,257,535	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,878,917	BOYAmt
EOY	$2,016,828	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$344,991	BOYAmt
EOY	$1,711,591	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$74,209,261	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$28,317,136	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$44,878,905	BOYAmt
EOY	$45,892,125	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$6,446,510	BOYAmt
EOY	$6,657,617	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$143,029	BOYAmt
EOY	$143,782	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$96,887	BOYAmt
EOY	$103,712	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$61,062,326	BOYAmt
EOY	$63,773,918	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,890,384	BOYAmt
EOY	$3,141,506	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$751,475	BOYAmt
EOY	$527,675	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$34,063,083	BOYAmt
EOY	$34,027,435	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$1,211,638	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$131,332	BOYAmt
EOY	$151,030	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$37,836,274	BOYAmt
EOY	$39,059,284	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	$23,226,052	BOYAmt
EOY	$24,714,634	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,226,052	BOYAmt
EOY	$24,714,634	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$61,062,326	BOYAmt
EOY	$63,773,918	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$400,000	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$1,088,582	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)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

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

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$534,430	OtherCostOrOtherBasisAmt
Book Value	$534,430	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,375,865	OtherCostOrOtherBasisAmt
Depreciation	$928,497	DepreciationAmt
Book Value	$1,447,368	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,577,882	OtherCostOrOtherBasisAmt
Depreciation	$4,648,557	DepreciationAmt
Book Value	$2,929,325	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$63,721,084	OtherCostOrOtherBasisAmt
Depreciation	$22,740,082	DepreciationAmt
Book Value	$40,981,002	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$45,892,125	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL-ASSOC ORGS	$4,993,886	C
INVESTMENT IN CFC CTC	$602,332	C
MEMBER CAP SECS	$500,000	C
FEDERAL ECONOMIC DEVELOPMENT LOANS	$150,006	C
NON-FEDERAL ECONOMIC DEVELOPMENT LOANS	$380,503	C
OTHER MEMBERSHIPS & CAPITAL	$30,890	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$6,657,617	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$100,307
ACCUM PROV FOR PENSION & BENEFITS	$50,723

Field	Value	IRS element (for citing)
Total Liability	$151,030	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$32,585,466	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$32,585,466	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$32,585,466	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$30,402,670	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$30,402,670	ExpensesSubtotalAmt
Other Expenses Not Included	$1,782,796	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$1,782,796	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$32,185,466	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, THUS, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2013 AND 2012. HOWEVER THE COOPERATIVE IS SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME. THE PROVISION AMOUNTS FOR 2013 AND 2012 WERE NOT SIGNIFICANT TO THE FINANCIAL STATEMENTS. THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

PATRONAGE DIVIDENDS PAID 1,782,796.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
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	JAMES LAUZON	PersonNm
Title	CEO	TitleTxt
Base Compensation Filing Org	$191,581	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$33,488	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$10,986	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$236,055	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 (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	ALL ELECTRIC CONSUMERS ARE ELIGIBLE TO BE MEMBERS OF THE COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 7A	EACH MEMBER-OWNER IS ENTITLED TO ONE VOTE. MEMBERS VOTE ON ELECTION OF DIRECTORS AND REMOVAL OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	THERE IS ONE CLASS OF MEMBERSHIP. MEMBERS VOTE ON THE ALLOCATION OF SURPLUS, ALLOCATION TO STATUTORY FUNDS, AMENDMENTS TO THE ARTICLES OF INCORPORATION, AND ANY RESOLUTION TO SELL, LEASE, EXCHANGE OR DISPOSE OF SUBSTANTIALLY ALL PROPERTY AND ASSETS OF THE COOPERATIVE.
FORM 990, PART VI, SECTION B, LINE 11	EACH DIRECTOR WAS SENT EITHER A HARD COPY OF THE FORM, OR A LINK WHERE THEY COULD ACCESS THE FORM ELECTRONICALLY PRIOR TO THE FORM BEING FILED. DIRECTORS WERE NOTIFIED THAT FORM WAS READY FOR THEIR REVIEW AND THEY WERE PROVIDED 7 DAYS TO REVIEW FORM.
FORM 990, PART VI, SECTION B, LINE 12C	DIRECTORS ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS. THE POLICY REQUIRES THAT THE DIRECTOR MUST REFRAIN FROM DISCUSSION AND THE DECISION ON WHICH SUCH CONFLICT OF INTERESTS EXIST.
FORM 990, PART VI, SECTION B, LINE 15A	THE BOARD REVIEWED AND APPROVED THE SALARY OF THE CEO IN 2013 USING COMPARABLE COMPENSATION AMOUNTS FROM FORM 990'S OF OTHER ORGANIZATIONS AND A COMPENSATION STUDY.
FORM 990, PART VI, SECTION C, LINE 19	THE COOPERATIVE DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS.
FORM 990, PART XI, LINE 9:	PAYMENTS OF PATRONAGE CAPITAL -721,018. DONATED CAPITAL 26,804. PATRONAGE DIVIDENDS PAID 1,782,796.
FORM 990, PART XII, LINE 2C	THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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 AND IN PART XII ON SCHEDULE D.