2014-08-12T12:31:36-05:00 2013-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2013-01-01 460221377 GRAND ELECTRIC COOPERATIVE INC GRAN 6052445211 PO BOX 39 BISON SD 57620 REED METZGER GENERAL MANAGER 6052445211 2014-08-11 1 LAURIE HANSON P00851848 6053391999 2014-08-11 2013 2015-11-30 17:44:51Z REED METZGER PO BOX 39 BISON SD 57620 18566910 0 X WWW.GRANDELECTRIC.COOP X 1950 SD PROVIDING ELECTRICITY TO PEOPLE IN RURAL AREAS. 9 9 56 0 0 0 0 0 16081113 17799699 258769 323311 34194 41075 16374076 18164085 100 13020 1399860 1482235 3756796 4132511 0 0 0 10925880 12165477 16082636 17793243 291440 370842 49298993 66557295 34412858 50391250 14886135 16166045 OUR MISSION IS TO MAKE ELECTRIC ENERGY AVAILABLE TO ALL OUR MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,855 MEMBERS AND RETIRED 5.96 MILES OF LINES. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 94 0 1 56 1 0 0 0 0 0 19492433 342655 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X COLGAN HUBER 6052445211 PO BOX 39 BISON SD 57620 JOHN J LONG PRESIDENT 5.00 X X 12896 0 0 ROSS KOPREN VICE PRESIDENT 5.00 X X 11582 0 0 SHARON LONGWOOD SECRETARY 5.00 X X 9132 0 0 RAYFORD ANDERSON TREASURER 5.00 X X 8415 0 0 LORI BESLER DIRECTOR 5.00 X 8082 0 0 BRAD BESLER DIRECTOR 5.00 X 6682 0 0 REID PALMER DIRECTOR 5.00 X 10882 0 0 MAXINE RASMUSSEN DIRECTOR 5.00 X 6682 0 0 GENE STENSLAND DIRECTOR 5.00 X 8410 0 0 JERRY REISENAUER GENERAL MANAGER 20.00 X 98896 0 73966 REED METZGER GENERAL MANAGER (STARTED 11/04/13) 20.00 X 13986 0 0 195645 0 73966 0 0 1 0 KELLER CONSTRUCTION 2902 YALE COURT RAPID CITY SD 57709 CONTRACTOR 1080768 BOLDT POWER INC PO BOX 57 ISABEL SD 57633 CONTRACTOR 1064370 ELECTRICAL CONSULTANTS INC 3521 GABEL ROAD BILLINGS MT 59102 CONTRACTOR 743067 RED ROCK POWER INC PO BOX 725 HAVRE MT 59501 CONTRACTOR 649978 EPC SERVICE COMPANY 3521 GABEL ROAD BILLINGS MT 59102 CONTRACTOR 387850 14 SALE OF ELECTRICITY 221000 16919130 16919130 COOP CAPITAL CREDITS 221000 625061 625061 OTHER OPERATING 221000 249052 249052 OTHER NON-OPERATING 900099 6456 6456 17799699 323311 323311 443900 402825 41075 41075 18164085 17840774 0 323311 13020 1482235 231147 3104606 555834 240924 1136551 1305037 COST OF POWER 10849558 ADMIN & GENERAL 1247241 DISTRIBUTION-MAINTENANC 496384 DISTRIBUTION-OPERATIONS 284210 -3153504 17793243 6499807 8870333 1145842 7300000 2039452 1821955 80034 67970 636257 826070 134440 1459345 57699727 19148894 31689616 38550833 23614 23706 6399931 6979409 650000 657674 49298993 66557295 2429771 4499682 3983 4161 29724423 27861467 505124 505124 1749557 17520816 34412858 50391250 X 0 0 0 0 14886135 16166045 14886135 16166045 49298993 66557295 X 370842 909068 X X 0 1 X 1 1 1 0 1 X 101712 101712 1957374 601484 1355890 47448860 18547410 28901450 8191781 8191781 38550833 BASIN ELECTRIC POWER COOPERATIVE 6058936 C OTHER PATRONAGE CAPITAL CREDITS 392787 C MEMBERSHIPS 7550 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 520136 C 6979409 DEFERRED CREDITS 403782 CUSTOMER DEPOSITS 12034 ADVANCE FOR CONSTRUCTION 17105000 17520816 X 18164085 0 18164085 0 18164085 16311008 0 16311008 1482235 1482235 17793243 PART IV, LINE 2B: THE ROUND UP PROGRAM IS A VOLUNTARY PROGRAM THAT ALLOWS CUSTOMERS TO "ROUND UP" THEIR ELECTRIC BILL TO THE NEAREST DOLLAR. THE ROUNDED UP AMOUNT IS TRANSFERED INTO AN ACCOUNT THAT IS ADMINISTERED BY GRAND ELECTRIC, AT NO COST. COMMITTEE MEMBERS MEET WITH GRAND ELECTRIC REPRESENTATIVES TO DECIDE WHO THE FUNDS ARE DISTRIBUTED TO. THE FUNDS WILL BE AVAILABLE TO HELP ANY CHARITABLE PROJECTS FOR ORGANIZATIONS, GROUPS, FAMILIES, OR INDIVIDUALS WITHIN THE SERVICE TERRITORY OF GRAND ELECTRIC COOPERATIVE, INC. NO FUNDS SHALL IN ANY WAY BE USED TO SUPPORT ANY CANDIDATE FOR POLITICAL OFFICE OR FOR ANY POLITICAL PURPOSE. PART X, LINE 2: 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. GENERALLY, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATIONS OF 2013 MARGINS TO MEMBERS IN 2014 1,482,235. 1 SD RANCHER'S RELIEF FUND CO THE BLACK HILLS AREA COMMUNITY FOUNDATION PO BOX 231 RAPID CITY SD 577090231 363608635 501(C)3 10000 SD RANCHER'S RELIEF FUND 1 PART I, LINE 2: RECORDS ARE KEPT IN THE FORM OF COPIED CHECKS WRITTEN TO THE GRANTEE AND THE GRANTEE'S W-9. THE ELIGIBILITY AND SELECTION OF THE GRANTEE IS DETERMINED BY THE BOARD OF DIRECTORS AND IS REFLECTED IN THE BOARD MINUTES. X 0 0 X X 0 0 0 JERRY REISENAUER GENERAL MANAGER 94470 0 125 0 4301 0 64631 0 9335 0 172862 0 0 0 PART I, LINE 1A A RESIDENCE, OWNED BY GRAND ELECTRIC, IS PROVIDED FOR THE GENERAL MANAGER. ALL UTILITIES ARE PAID BY THE COOPERATIVE. THE GENERAL MANAGER IS CHARGED $105 PER MONTH FOR RENT. SUPPLEMENTAL INFORMATION: JERRY REISENAUER'S HOURS WORKED AND COMPENSATION RECEIVED, AS REPORTED IN PART VII AND SCHEDULE J OF THE 990, REFLECT HALF OF HIS TOTAL COMPENSATION AND BENEFITS. THE OTHER HALF OF JERRY'S COMPENSATION AND BENEFITS IS REIMBURSED FROM AN UNRELATED ENTITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE BYLAWS REQUIRE A MAJORITY APPROVAL OF THE MEMBERS AT THE ANNUAL MEETING OR AT A SPECIAL MEETING CALLED BY RESOLUTION OF THE BOARD OF DIRECTORS. EITHER MEETING REQUIRES A QUORUM AS DEFINED BY ARTICLE III, SECTION 4 IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE GENERAL MANAGER AND FINANCE OFFICER REVIEW THE 990 IN DETAIL. AFTER THEIR REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER. THE GENERAL MANAGER AND/OR FINANCE OFFICER PRESENT THE 990 TO THE BOARD OF DIRECTORS AT THE MEETING HELD PRIOR TO ITS FILING IF SO REQUESTED BY ANY BOARD MEMBER. WHETHER PRESENTED IN A BOARD MEETING OR NOT, THE 990 IS NOT FILED UNTIL EACH BOARD MEMBER HAS BEEN GIVEN A COPY OF IT AND GIVEN AMPLE TIME TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE IV SECTION 3B, OF THE BYLAWS, IS FOLLOWED DURING THE NOMINATING OF OUR DIRECTORS. THE NOMINATING COMMITTEE IS AWARE OF THE CONFLICT OF INTEREST POLICY WHEN ELECTING NEW DIRECTORS. THE CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD OF DIRECTORS. THE BOARD DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS, THE PERSON INVOLVED WOULD BE REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW COMPENSATION SURVEYS FOR OTHER MANAGERS IN OUR REGION AND NEIGHBORING STATES ALONG WITH REVIEWING YEARLY PERFORMANCE. THE PROCESS WAS LAST UNDERTAKEN IN 2013. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT AND MADE AVAILABLE TO MEMBERS AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -573,167. ALLOCATIONS OF 2013 MARGINS TO MEMBERS IN 2014 1,482,235. FORM 990, PART XII, LINE 2C THE FULL BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION AND OVERSIGHT OF THE INDEPENDENT ACCOUNTANT. FORM 990 PART VII JERRY REISENAUER'S COMPENSATION, AS REPORTED IN PART VII AND SCHEDULE J OF THE 990, IS HALF OF HIS TOTAL COMPENSATION. GRAND ELECTRIC AND WEST RIVER COOPERATIVE TELEPHONE COMPANY, AN UNRELATED ENTITY, HAVE A MANAGEMENT AGREEMENT FOR JERRY'S SERVICES. THE AMOUNT REIMBURSED IS EQUAL TO 50% OF HIS SALARY AND BENEFITS. JERRY'S TIME IS SPLIT 50/50 BETWEEN THE TWO ENTITIES. REED METZGER'S COMPENSATION, AS REPORTED IN PART VII OF THE 990, IS HALF OF HIS TOTAL COMPENSATION. GRAND ELECTRIC AND WEST RIVER COOPERATIVE TELEPHONE COMPANY, AN UNRELATED ENTITY, HAVE A MANAGEMENT AGREEMENT FOR REED'S SERVICES. THE AMOUNT REIMBURSED IS EQUAL TO 50% OF HIS SALARY AND BENEFITS. REED'S TIME IS SPLIT 50/50 BETWEEN THE TWO ENTITIES. 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 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 AND DIRECTOR 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 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.