2014-09-04T08:36:51-05:00 2013-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2013-01-01 420320323 Hawkeye Tri-County Electric Cooperative HAWK 5635473801 PO Box 90 Cresco IA 52136 Brian Krambeer CEO 5635473801 2014-08-25 1 Laurie Hanson P00851848 6053391999 2014-08-25 2013 2015-11-30 17:44:51Z Hawkeye REC Brian Krambeer PO Box 90 Cresco IA 52136 24214553 0 X www.hawkeyerec.com X 1938 IA To provide access to safe, dependable and affordable electric services. 7 7 42 0 7503 2342 0 0 23105002 24018404 61068 30622 4806 2033 23170876 24051059 1500 0 500961 582420 2707908 2729874 0 0 0 19459547 20156345 22669916 23468639 500960 582420 54655148 60194418 35632252 40439763 19022896 19754655 X As a locally owned Cooperative organization we strive to provide a reliable electric distribution system, maintain financial stability, communicate, maximize marketing opportunities, provide other related services, and use sound business practices thus earning the trust, loyalty and respect of our patrons. 0 0 Distribution of electricity to approximately 5,443 members located primarily in rural areas. 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 1 0 0 0 0 0 1 1 0 0 1 15 0 1 42 1 1 1 0 0 0 0 0 0 23688538 196209 0 X 7 7 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X Brian Krambeer 5635473801 PO Box 90 Cresco IA 52136 X Dean Fisher President 6.00 X X 10150 0 0 Dean Nierling Vice President 3.00 X X 6150 0 0 Dennis Ptacek Secretary/Treasurer 3.00 X X 6325 0 0 Norman Dickman Director (Until April of 2013) 3.00 X 975 0 0 Dennis Young Director 5.00 X 8650 0 0 Charles Frana Director 8.00 X 10450 0 0 Darla Rance Director 3.00 X 6825 0 0 Carl Reicks Director 2.00 X 5475 0 0 Brian Krambeer Chief Executive Officer 30.00 X 104040 0 84433 159040 0 84433 1 0 1 1 Highline Construction 16124 Old Lake Rd Paynesville MN 56362 Overhead Line Building 5403990 Elite Tree Inc 1402 Washington St Pella IA 50219 Tree clearing/spraying 330527 Tri-County Electric Cooperative 31110 Cooperative Way Rushford MN 55971 Management Services 255923 Acculine Consulting 7333 Cattle Dr Nashport OH 43830 Line staking, mapping, GPS 166858 4 Sale of Power 221000 23273004 23273004 Capital Credits 221000 828991 828991 Equity Earnings 900099 60 5470 -5410 Investment in HTC Corp 531390 -83651 -83651 24018404 29661 29661 3140 2179 961 961 961 163348 161315 2033 2033 24051059 24018344 7503 25212 582420 196565 1988090 393130 152089 1370120 1425128 UBI Taxes 1815 Cost of Power 15303255 Distribution-Maintenanc 1259609 Distribution-Operations 1220359 -423941 23468639 2709878 2821818 2633246 4498586 2399142 2222481 1237350 1227043 184245 2065452 51835719 11864729 38664167 39970990 467568 505920 6356445 6879056 3107 3072 54655148 60194418 2386731 3781087 651912 10533 13238 29493475 32148780 1534977 1493498 2206536 2351248 35632252 40439763 X 0 0 0 0 19022896 19754655 19022896 19754655 54655148 60194418 X 582420 149339 X X 0 1 X 1 1 1 0 1 X 147701 147701 5600508 268194 5332314 45786707 11596535 34190172 300803 300803 39970990 Equity Investments 94575 C Heartland Security Services, LLC 115000 C NRUCFC Subordinate Certificates 366443 C Investment in Subsidiary -485591 C Dairyland Power Cooperative 6658797 C Pat Cap. NRUCFC 129832 C 6879056 -4424 Customer Deposits 73853 Deferred Credits 2281819 2351248 X Part IV, Line 2b: Hawkeye Tri-County's RECare program provides members with the ability to donate money through the Cooperative to help needy members pay their electric bills. The account is listed on the balance sheet as a liability. Part X, Line 2: The Cooperative has evaluated whether it was necessary to recognize any benefit from uncertain tax positions in current open tax periods and determined that there are no material uncertainties within its filed tax returns. As of December 31, 2013 and 2012, the unrecognized tax benefit was zero. The Cooperative would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense, if incurred. Generally, the Cooperative is no longer subject to Federal or state tax examinations by tax authorities for years before 2010. X X X 0 0 0 Brian Krambeer Chief Executive Officer 101759 0 0 0 2281 0 71295 0 13630 0 188965 0 0 0 Federated Rural Electric Exchange I Brian Krambeer is the CEO of the Cooperative and on the Board of FREEIC 178744 Federated Rural Electric Exchange Insurance Company (FREEIC) provides insurance for the Cooperative 0 Form 990, Part VI, Section A, line 3 Hawkeye Tri-County Electric Cooperative shares a general manager, Brian Krambeer, with Tri-County Electric Cooperative of Rushford, Minnesota. Brian Krambeer is an employee of Tri-County Electric Cooperative. Hawkeye Tri-County Electric Cooperative has contracted with Tri-County Electric Cooperative for Brian Krambeer's services. Form 990, Part VI, Section A, line 6 Each Member holds a membership of the same class. Form 990, Part VI, Section A, line 7a All Members are entitled to one vote. Form 990, Part VI, Section A, line 7b Any changes to the articles of incorporation will require a vote from the membership. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the Board. Form 990, Part VI, Section B, line 11 The Form 990 will be presented to the Board of Directors at the Board Meeting prior to being filed with the IRS. Each Director will receive a copy of the Form 990 for review and discussion will follow. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers directors and officers. Annual conflict of interest disclosure statements are completed. Once completed, the statements are reviewed by the Board of Directors. If there is a conflict, the affected officer or director will abstain from voting. Form 990, Part VI, Section B, line 15 Compensation of the CEO is determined by the Board of Directors. Other officers are subject to the compensation plan of the Hawkeye Tri-County REC which includes market analysis of job positions. The Board of Directors has a policy in place regarding per diem and expense reimbursements. The policy was last reviewed and utilized in 2013. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VII, Line 1A: Brian Krambeer's compensation and hours worked per week are split evenly between Hawkeye Tri-county Electric Cooperative and an unrelated organization, Tri-county Electric Cooperative. His compensation and hours worked per week are reported only for the services provided to Hawkeye Tri-county Electric Cooperative. 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 CEO and CFO. 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 XI, line 9: Retirement of capital credits -433,081. Allocation of 2013 margins in 2014 582,420. Form 990, Part XII, Line 2c: The Board of Directors is responsible for selection and oversight of the independent accountant. Form 990, Part IX, Line 24d 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 24d. HTC Development Corporation PO Box 90 Cresco IA 52136 680403643 Housing Development IA Hawkeye Tri-County Electric Cooperative C -83651 1440023 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0