MINNESOTA VALLEY ELECTRIC COOPERATIVE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MINNESOTA VALLEY ELECTRIC COOPERATIVE (EIN 41-0419150)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-07
- IRS object ID
- 201312199349301501
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-07T15:38:34-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450310328 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRADY MARTZ AND ASSOCIATES PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 14296 | AddressLine1 |
| City | GRAND FORKS | City |
| State | ND | State |
| ZIP Code | 582084296 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410419150 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA VALLEY ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MINN | NameControl |
| Phone | 9524922313 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 MINNESOTA VALLEY ELECTRIC DRIVE | AddressLine1 |
| City | JORDAN | City |
| State | MN | State |
| ZIP Code | 55352 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD MARECK | Name |
| Title | VP FINANCE | Title |
| Phone | 9524922313 | Phone |
| Date Signed | 2013-07-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID HOLT | Name |
| PTIN | P00014251 | PTIN |
| Phone | 7017754685 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROGER GECKLER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 MINNESOTA VALLEY ELECTRIC DRIVE | AddressLine1 |
| City | JORDAN | City |
| State | MN | State |
| ZIP Code | 55352 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 72077861 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MVEC.NET | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE ELECTRIC SERVICE TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 84 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 372960 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 67158409 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 68470596 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 221008 | InvestmentIncomePriorYear |
| Investment Income Current Year | 255646 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2033438 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3329570 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 69412855 | TotalRevenuePriorYear |
| Total Revenue Current Year | 72055812 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 2870604 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 4047386 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1641335 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 673897 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 64454631 | OtherExpensePriorYear |
| Other Expenses Current Year | 66869655 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 68966570 | TotalExpensesPriorYear |
| Total Expenses Current Year | 71590938 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 446285 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 464874 | RevenuesLessExpensesCY |
| Total Assets BOY | 137188201 | TotalAssetsBOY |
| Total Assets EOY | 143290562 | TotalAssetsEOY |
| Total Liabilities BOY | 84883111 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 87792749 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 52305090 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 55497813 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDE ELECTRIC SERVICE TO MEMBERS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE ELECTRIC SERVICE TO MEMBERS | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 153 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 84 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 68397904 | GrossIncomeFromMembers |
| Gross Income Other Sources | 3707449 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD MARECK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9524922313 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 MINNESOTA VALLEY ELECTRIC DRIVE | AddressLine1 |
| City | JORDAN | City |
| State | MN | State |
| ZIP Code | 55352 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MICHELLE MORRISON | |||||||
| PRESIDENT | 9.00 | X | X | 17570 | 0 | 0 | |
| ROBERT HAUER | |||||||
| VICE PRESIDENT | 9.00 | X | X | 12465 | 0 | 0 | |
| THOMAS WOLF | |||||||
| SECRETARY/TREASURER | 9.00 | X | X | 11745 | 0 | 0 | |
| THOMAS GRAHAM | |||||||
| DIRECTOR | 7.00 | X | 8662 | 0 | 3600 | ||
| JAMES CONNELLY | |||||||
| DIRECTOR | 7.00 | X | 10225 | 0 | 0 | ||
| DEBORAH ERICKSON | |||||||
| DIRECTOR | 7.00 | X | 14140 | 0 | 0 | ||
| GORDON BATES | |||||||
| DIRECTOR | 7.00 | X | 5910 | 0 | 0 | ||
| FRANCES BARTEN | |||||||
| DIRECTOR | 7.00 | X | 7725 | 0 | 0 | ||
| WILLIAM HEINLEIN | |||||||
| DIRECTOR | 7.00 | X | 7965 | 0 | 0 | ||
| BRENT LAWRENCE | |||||||
| DIRECTOR | 7.00 | X | 7605 | 0 | 0 | ||
| ROGER GECKLER | |||||||
| GENERAL MANAGER | 40.00 | X | 300363 | 0 | 89102 | ||
| GERALD MARECK | |||||||
| VP FINANCE | 40.00 | X | 128809 | 0 | 58311 | ||
| MARVIN DENZER | |||||||
| VP ENERGY SERVICES | 40.00 | 145507 | 0 | 46611 | X | ||
| RYAN HENTGES | |||||||
| VP CORPORATE SERVICES | 40.00 | 140275 | 0 | 29962 | X | ||
| DARYL HOFFMAN | |||||||
| OPERATIONS MANAGER | 40.00 | 113963 | 0 | 91708 | X | ||
| TERRI BAKKEN | |||||||
| VP MEMBER SERVICES | 40.00 | 108480 | 0 | 21613 | X | ||
| STEVE WELLENS | |||||||
| MAINTENANCE FOREMAN | 45.00 | 104312 | 0 | 49553 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1145721 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 390460 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CARR'S TREE SERVICE INC | |||||
| PO BOX 250 | OTTERTAIL | MN | 565710250 | TREE TRIMMING | 942462 |
| DONLIE UNDERGROUND INC | |||||
| 10210 235TH ST W | LAKEVILLE | MN | 55044 | UNDERGROUND INSTALLATION | 785672 |
| HEARTLAND SERVICES LLC | |||||
| PO BOX 330 | ROCKFORD | MN | 553730330 | ENGINEERING | 633343 |
| POWERHOUSE ELECTRIC INC | |||||
| 1958 RASPBERRY LANE | SHAKOPEE | MN | 553794583 | METER INSTALLS | 557460 |
| NATIONAL INFORMATION SOLUTIONS COOPERATI | |||||
| 3201 NYGREN DR | MANDAN | ND | 585541480 | SOFTWARE SUPPORT, DATA PROCESSING SVCS | 556242 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| CONSUMER ELECTRIC SALE | 900099 | 68451895 | 68451895 | |
| POLE RENTALS | 900099 | 18701 | $18,701 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 68470596 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 234453 | TotalRevenueColumn |
| Exclusion | $234,453 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 43242 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 22049 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 21193 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21193 | TotalRevenueColumn |
| Exclusion | $21,193 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| CAPITAL CREDITS | 900099 | 2949430 | 2949430 | |
| PARTNERSHIP INCOME | 230000 | 543421 | 543421 | |
| PAYMENTS FOR ANNEXED AREAS | 900099 | 7180 | 7180 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -170461 | TotalRevenueColumn |
| Unrelated Business Revenue | -170461 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3329570 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72055812 | TotalRevenueColumn |
| Related Or Exempt Function Income | 71408505 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 372960 | UnrelatedBusinessRevenue |
| Exclusion | $274,347 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4047386 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 673897 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3421996 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 48887433 |
| GENERAL AND ADMINISTRAT | 2917795 |
| DISTRIBUTION EXPENSE - | 2892550 |
| INTEREST ON LONG-TERM D | 2865134 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5884747 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71590938 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 536724 | BOY |
| EOY | 836336 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6000000 | BOY |
| EOY | 8100000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8598731 | BOY |
| EOY | 8194110 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 549443 | BOY |
| EOY | 452887 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1167696 | BOY |
| EOY | 1451522 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201941 | BOY |
| EOY | 480489 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 123906152 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28540670 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94640510 | BOY |
| EOY | 95365482 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25305119 | BOY |
| EOY | 28229439 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188037 | BOY |
| EOY | 180297 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137188201 | BOY |
| EOY | 143290562 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10972240 | BOY |
| EOY | 11149639 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67061987 | BOY |
| EOY | 69738292 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6848884 | BOY |
| EOY | 6904818 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84883111 | BOY |
| EOY | 87792749 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52305090 | BOY |
| EOY | 55497813 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52305090 | BOY |
| EOY | 55497813 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137188201 | BOY |
| EOY | 143290562 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 464874 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2727849 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1521105 | OtherCostOrOtherBasis |
| Book Value | 1521105 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5169164 | OtherCostOrOtherBasis |
| Depreciation | 1710206 | Depreciation |
| Book Value | 3458958 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7272876 | OtherCostOrOtherBasis |
| Depreciation | 5836314 | Depreciation |
| Book Value | 1436562 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 109943007 | OtherCostOrOtherBasis |
| Depreciation | 20994150 | Depreciation |
| Book Value | 88948857 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 95365482 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| GREAT RIVER ENERGY/COOP POWER ASSOC | 20748072 | C |
| NRUCFC CAPITAL TERM CERTIFICATES | 831300 | C |
| FEDERATED ACQUISITIONS, LLC | 1035194 | C |
| OTHER INVESTMENTS | 2027759 | C |
| BASIN ELECTRIC | 2087114 | C |
| CFC MEMBER CAPITAL CERTIFICATE | 1500000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 28229439 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER DEPOSITS | $887,103 |
| UNLOCATED PATRONS | $484,471 |
| DEFERRED SALES TAX REFUND | $113,559 |
| DEFERRED STABILIZATION | $5,132,600 |
| C&I REFUNDABLE DEPOSITS | $285,059 |
| MISC UNCLAIMED PROPERTY | $2,026 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6904818 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 71631797 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -424015 | OtherRevenues |
| Revenue Not Rptd F990 | -424015 | RevenueNotRptdF990 |
| Revenue Subtotal | 72055812 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 72055812 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 67543552 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -4047386 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -4047386 | ExpensesNotRptdF990 |
| Expenses Subtotal | 71590938 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 71590938 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE COOPERATIVE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COMPANY'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PARTNERSHIP INCOME - BOOK VS. TAX DIFFERENCES | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ALLOCATED CAPITAL CREDITS |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROGER GECKLER | ||||||||||||||
| GENERAL MANAGER | 300363 | 0 | 0 | 0 | 0 | 0 | 74784 | 0 | 14318 | 0 | 389465 | 0 | 0 | 0 |
| GERALD MARECK | ||||||||||||||
| VP FINANCE | 127545 | 0 | 1264 | 0 | 0 | 0 | 44510 | 0 | 13801 | 0 | 187120 | 0 | 0 | 0 |
| MARVIN DENZER | ||||||||||||||
| VP ENERGY SERVICES | 144154 | 0 | 1353 | 0 | 0 | 0 | 32748 | 0 | 13863 | 0 | 192118 | 0 | 0 | 0 |
| RYAN HENTGES | ||||||||||||||
| VP CORPORATE SERVICES | 134300 | 0 | 5975 | 0 | 0 | 0 | 16108 | 0 | 13854 | 0 | 170237 | 0 | 0 | 0 |
| DARYL HOFFMAN | ||||||||||||||
| OPERATIONS MANAGER | 112864 | 0 | 1099 | 0 | 0 | 0 | 78021 | 0 | 13687 | 0 | 205671 | 0 | 0 | 0 |
| STEVE WELLENS | ||||||||||||||
| MAINTENANCE FOREMAN | 103698 | 0 | 614 | 0 | 0 | 0 | 42512 | 0 | 7041 | 0 | 153865 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | ROGER GECKLER - $5,400 AND $20,400 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| HEARTLAND SERVICES LLC | |||
| ENTITY FOR WHICH ROGER GECKLER, GENERAL MANAGER, WAS SERVING AS DIRECTOR | 515817 | LABOR AND EXPENSE REIMBURSEMENT AND ENGINEERING SERVICES | 0 |
| NATIONAL INFORMATION SOLUTIONS COOPERATIVE (NISC) | |||
| ENTITY FOR WHICH ROGER GECKLER, GENERAL MANAGER, WAS SERVING AS DIRECTOR | 556242 | SOFTWARE SUPPORT AND DATA PROCESSING SERVICES | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A MEMBER OWNED COOPERATIVE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE IS ONE CLASS OF MEMBERSHIP AND MEMBERS ELECT THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS VOTE ON SIGNIFICANT ISSUES AT THE ANNUAL MEMBERSHIP MEETINGS. EACH MEMBER HAS ONE VOTE PER ISSUE. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WAS GIVEN TO EACH DIRECTOR AND THE GENERAL MANAGER FOR REVIEW PRIOR TO FILING WITH THE IRS. THE REVIEW WAS CONDUCTED INDIVIDUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST ARE DISCLOSED ANNUALLY BY THE BOARD OF DIRECTORS. MONITORING OCCURS THROUGHOUT THE YEAR THROUGH THE NORMAL REVIEW/PROCESSING OF CASH DISBURSEMENTS; REVIEWING OF MONTHLY FINANCIAL STATEMENTS; WITH THE EMPLOYEE ANNUAL REVIEW PROCESS; AND THROUGH ADHERENCE TO THE COMPANY POLICY ON BUSINESS ETHICS/CONFLICT OF INTEREST. ANNUAL DISCLOSURES ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | GENERAL MANAGER - AN INDEPENDENT CONSULTANT WAS RETAINED TO APPRAISE THE PERFORMANCE AND GATHER COMPENSATION DATA. FOLLOWING THE REVIEW OF DATA, COMPENSATION WAS DETERMINED AND APPROVED BY THE BOARD. OTHER OFFICERS & KEY EMPLOYEES - ANNUAL PERFORMANCE REVIEWS ARE COMPLETED ALONG WITH WAGE AND SALARY ADJUSTMENTS. PAY TABLES ARE ADJUSTED FROM TIME TO TIME BASED ON MARKET CONDITIONS. AN OUTSIDE CONSULTANT WAS USED TO ESTABLISH THE INITIAL PAY PLAN. THE COOPERATIVE FOLLOWS EMPLOYEE POLICY #E-08 REGARDING COMPENSATION PRACTICES FOR NON-UNION PERSONNEL. THE UNION PERSONNEL COMPENSATION IS BASED ON THE COLLECTIVE BARGAINING AGREEMENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE PROVIDED UPON REQUEST. | |
| FORM 990, PART VII, SECTION A, LINE 1A: | INCLUDED IN PART VII, SECTION A, LINE 1A, COLUMN F, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THIS AMOUNT IS AN ESTIMATE OF THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN ARE A CURRENT YEAR EXPENSE AND ARE INCLUDED IN PART IX AS SUCH. CURRENT YEAR CONTRIBUTION AMOUNTS ARE INCLUDED IN THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. | ESTIMATED ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN: |
| FORM 990, PART IX, LINE 4 | AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI AND ON SCHEDULE D PARTS XI AND XIII. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. | PATRONAGE DIVIDENDS PAID |
| FORM 990, PART XI, LINE 9: | PARTNERSHIP INCOME - BOOK VS. TAX DIFFERENCES -424,015. EQUITY CAPITAL CREDITS RETIRED -895,522. ALLOCATED CAPITAL CREDITS 4,047,386. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART VI, SECTION B, LINE 16B | THE COOPERATIVE'S POLICY REGARDING PARTICIPATION IN JOINT VENTURES IS NOT WRITTEN. HOWEVER, THE COOPERATIVE PERFORMS AN 85% TEST ON AN ANNUAL BASIS TO ENSURE THAT IT MAINTAINS ITS TAX EXEMPT STATUS, AND THE OTHER JOINT VENTURE MEMBER IS ALSO A COOPERATIVE. ADDITIONALLY, THE JOINT VENTURE ARRANGEMENT IS REVIEWED AND MONITORED BY THE BOARD OF DIRECTORS. | JOINT VENTURE POLICY |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA VALLEY ELECTRIC TRUST | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 MINNESOTA VALLEY ELECTRIC DRIVE | AddressLine1 |
| City | JORDAN | City |
| State | MN | State |
| ZIP Code | 55352 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411821090 | EIN |
| Primary Activities | COLLECT & DISBURSE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES | PrimaryActivities |
| Legal Domicile State | MN | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 7 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEARTLAND SERVICES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6800 ELECTRIC DRIVE PO BOX 330 | AddressLine1 |
| City | ROCKFORD | City |
| State | MN | State |
| ZIP Code | 553730330 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411913777 | EIN |
| Primary Activity | ENGINEERING, SAFETY, POWER SUPPLY & ADMINISTRATION | PrimaryActivity |
| Legal Domicile State | MN | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | UNRELATED | PredominantIncomeType |
| Share Of Total Income | 548592 | ShareOfTotalIncome |
| Share Of EOY Assets | -76071 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 1 | GeneralOrManagingPartner |
| Percentage Ownership | 0.50000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| HEARTLAND SERVICES LLC | ||
| P | 515817 | LABOR & EXPENSE REIMBURSEMENT |
| MINNESOTA VALLEY ELECTRIC TRUST | ||
| R | 99143 | MEMBER BILLING ROUND UP |