2014-08-04T12:39:08-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2013-01-01 410473341 PEOPLE'S COOPERATIVE SERVICES PEOP 5073677000 1775 LAKE SHADY AVENUE SOUTH ORONOCO MN 55960 ELAINE J GARRY CEO 5073677000 2014-08-04 1 CRAIG POPENHAGEN P01587689 5074347000 2013 2015-11-30 17:44:51Z PEOPLE'S ENERGY COOPERATIVE ELAINE J GARRY 1775 LAKE SHADY AVENUE SOUTH ORONOCO MN 55960 36715870 0 X WWW.PEOPLESREC.COM X 1936 MN TO DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE 7 7 64 0 -37090 -37090 0 0 31020414 32317504 229435 2364580 1673954 1523332 32923803 36205416 0 0 883339 2260705 469884 633676 0 0 0 29942866 30245438 31296089 33139819 1627714 3065597 106333733 114881096 69728743 73630198 36604990 41250898 TO DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE. 0 0 THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO BUY ELECTRIC ENERGY AND SELL ELECTRIC ENERGY TO ITS MEMBERS. 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 1 0 1 0 0 1 28 0 64 1 1 1 0 0 0 0 33134607 5183259 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X ELAINE J GARRY 5073677000 1775 LAKE SHADY AVENUE SOUTH ORONOCO MN 55960 JEROME WOONER BOARD CHAIR 10.60 X X 18128 0 0 ROBERT J HOEFS VICE CHAIR 8.20 X X 16494 0 0 JEFFERY ORTH DIRECTOR 8.80 X 17471 0 0 EUGENE MILLER DIRECTOR 10.50 X 18096 0 0 KENNETH WOHLERS SECT/TREAS 10.20 X X 17840 0 0 ART FRIEDERICH DIRECTOR 10.70 X 10497 0 0 JOE BOOK DIRECTOR 16.20 X 11664 0 0 ELAINE J GARRY CEO/PRESIDENT 50.00 X 175118 0 70793 MICHAEL J HENKE CFO 50.00 X 99421 0 51286 GARY FITTERER DIRECTOR OF ENGINEERING AND OPERATIONS 50.00 X 100973 0 25895 485702 0 147974 2 0 1 0 MICHELS POWER PO BOX 95 BROWNSVILLE WI 53006 LINE CONSTRUCTION 738274 CARR'S TREE SERVICE PO BOX 250 OTTERTAIL MN 56571 TREE CLEARING 711791 MASTEC NORTH AMERICA PO BOX 277181 ATLANTA GA 30384 LINE CONSTRUCTION 550847 ELITE TREE INC 1402 WASHINGTON STREET PELLA IA 50219 TREE CLEARING 367836 WRIGHT TREE SERVICE INC PO BOX 1718 DES MOINES IA 50306 TREE CLEARING 190434 9 SALE OF POWER 221000 32317504 32317504 32317504 344480 344480 100 0 100 100 100 2500000 479900 2020100 2020100 2020100 43244 30554 12690 10596 2094 CAPITAL CREDITS 900099 1054214 1054214 RPU SETTLEMENT 900099 334865 334865 RPU NET REVENUE 900099 159513 159513 -38050 -39184 1134 1510542 36205416 33876692 -37090 2365814 2260705 633676 2695075 3312051 COST OF POWER 17466514 DISTRIBUTION EXPENSE - 2760454 DISTRIBUTION EXPENSE - 1785612 CONSUMER ACCOUNT EXPENS 1155018 1070714 33139819 1808710 3207481 3548623 3170081 3242259 650179 627862 498830 2187171 109110498 22983527 84734018 86126971 741165 723808 14349206 15202140 381544 14781 106333733 114881096 3720013 3679493 435165 1231401 64836525 67980056 737040 739248 69728743 73630198 X 0 0 0 0 36604990 41250898 36604990 41250898 106333733 114881096 X 3065597 1580311 X X 0 1 X 1 0 429928 429928 7699327 288018 7411309 6789096 3387349 3401747 94192147 19308160 74883987 86126971 NRUCFC-CAPITAL TERM CERTIFICATES 815316 C DAIRYLAND POWER COOPERATIVE 10380269 C NRUCFC-PATRONAGE CAPITAL CREDITS 226956 C NRTC-PATRONAGE CAPITAL CREDITS 441165 C INVESTMENT IN ECONOMIC DEVELOPMENTS 199586 C MEMBERSHIPS AND OTHER INVESTMENTS 3138848 C 15202140 CONSUMER DEPOSITS 196185 ACCUMULATED PROVISION FOR PENSION 543100 PATRONAGE CAPITAL PAYABLE -37 739248 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, THUS THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2013 AND 2012. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013. THE COOPERATIVE'S 2010, 2011, AND 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. X X X X 0 0 0 ELAINE J GARRY CEO/PRESIDENT 166894 0 152 0 8072 0 12461 0 58332 0 245911 0 0 0 MICHAEL J HENKE CFO 98441 0 704 0 276 0 8075 0 43211 0 150707 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EACH CUSTOMER IS A MEMBER OF THE ELECTRIC COOPERATIVE AND HAS VOTING RIGHTS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A EACH CUSTOMER IS A MEMBER OF THE ELECTRIC COOPERATIVE AND MAY ELECT MEMBERS OF THE GOVERNING BODY. EACH MEMBER IS ALLOWED ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE ALSO APPROVED BY A VOTE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE MANAGER WILL REVIEW THE 990 AND CONDUCT A REVIEW WITH THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANSWER A QUESTIONNAIRE REGARDING BUSINESS RELATIONSHIPS, FAMILY RELATIONSHIPS AND INDEPENDENCE. DIRECTORS AND EMPLOYEES WITH A CONFLICT MAY FACE APPROPRIATE SANCTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARDS PROCESS FOR DETERMINING CEO COMPENSATION IS BASED ON RESULTS OF A WRITTEN PERFORMANCE EVALUATION COMPLETED BY ALL BOARD MEMBERS, THEN SUMMARIZED. COMPENSATION IS THEN DETERMINED BY COMPARING REGIONAL SALARY LEVELS FOR CEO'S BASED ON COMPANY SIZE WITH CURRENT CEO'S SALARY AND PERFORMANCE. COMPENSATION OF OFFICERS AND KEY EMPLOYEES ARE BASED UPON AN APPROVED EMPLOYEE COMPENSATION ADMINISTRATION POLICY AND A COMPENSATION PLAN, BOTH APPROVED BY THE BOARD OF DIRECTORS. THE DATA USED IN THE COMPENSATION PLAN IS COLLECTED FROM THE NRECA NATIONAL COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACCUMULATED OTHER COMPREHENSIVE INCOME 58,100. PATRONAGE DIVIDENDS ALLOCATED 2,260,705. PATRONAGE CAPITAL RETIRED -799,364. OTHER EQUITIES 60,870. FORM 990, PART XII, LINE 2C THE COOPERATIVE'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANT. ELGIN INDUSTRIAL PARK LLC 1775 LAKE SHADY AVENUE SOUTH ORONOCO MN 55960 450516115 REAL ESTATE SALES MN -40664 2908537 PEOPLES COOPERATIVE SERVICES ORONOCO CROSSING OWNER'S ASSOCIATION 1775 LAKE SHADY AVENUE SOUTH ORONOCO MN 55960 274253212 MANAGEMENT OF PROPERTY FOR COMMON USE BY ITS MEMBERS. MN C 0.90220 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NO TRANSACTIONS GREATER THAN 50000