PRICE ELECTRIC COOPERATIVE INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: PRICE ELECTRIC COOPERATIVE INC (EIN 39-0548758)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-26
IRS object ID: 201331169349300538
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-26T14:38:33-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	391277627	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BAUMAN ASSOCIATES LTD	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1225	AddressLine1
City	EAU CLAIRE	City
State	WI	State
ZIP Code	547021225	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	390548758	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PRICE ELECTRIC COOPERATIVE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PRIC	NameControl
Phone	7153392155	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 110	AddressLine1
City	PHILLIPS	City
State	WI	State
ZIP Code	54555	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARILEE OPRESIK	Name
Title	PRESIDENT/CEO	Title
Phone	7153392155	Phone
Date Signed	2013-04-24	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GREGORY D MLEZIVA CPA	Name
PTIN	P00004968	PTIN
Phone	7158342001	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MARILEE OPRESIK	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 110	AddressLine1
City	PHILLIPS	City
State	WI	State
ZIP Code	54555	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	11833564	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.PRICE-ELECTRIC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1940	YearFormation
State Legal Domicile	WI	StateLegalDomicile
Activity Or Mission Description	DISTRIBUTION OF ELECTRIC SERVICE TO MEMBERS/CONSUMERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	33	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	52557	TotalGrossUBI
Net Unrelated Business Txbl Income	8766	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	11493433	ProgramServiceRevenuePriorYear
Program Service Revenue CY	11743353	ProgramServiceRevenueCY
Investment Income Prior Year	33057	InvestmentIncomePriorYear
Investment Income Current Year	19760	InvestmentIncomeCurrentYear
Other Revenue Prior Year	60918	OtherRevenuePriorYear
Other Revenue Current Year	49799	OtherRevenueCurrentYear
Total Revenue Prior Year	11587408	TotalRevenuePriorYear
Total Revenue Current Year	11812912	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	660293	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	750527	BenefitsPaidToMembersCY
Salaries Etc Prior Year	231725	SalariesEtcPriorYear
Salaries Etc Current Year	258759	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	10695390	OtherExpensePriorYear
Other Expenses Current Year	10803626	OtherExpensesCurrentYear
Total Expenses Prior Year	11587408	TotalExpensesPriorYear
Total Expenses Current Year	11812912	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	0	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	34050329	TotalAssetsBOY
Total Assets EOY	36733086	TotalAssetsEOY
Total Liabilities BOY	17978671	TotalLiabilitiesBOY
Total Liabilities EOY	20284491	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	16071658	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	16448595	NetAssetsOrFundBalancesEOY
Mission Description	DISTRIBUTE ELECTRIC SERVICE TO RURAL MEMBERS/CONSUMERS	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	PRIMARY EXEMPT PURPOSE IS THE DISTRIBUTION OF ELECTRIC SERVICE TO RURAL MEMBERS/CONSUMERS	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	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	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	0	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	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	34	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	33	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	11492741	GrossIncomeFromMembers
Gross Income Other Sources	511433	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	1	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	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	WI	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	7153392155	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 110	AddressLine1
City	PHILLIPS	City
State	WI	State
ZIP Code	54555	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
FRANCIS GWINN
SECRETARY/TREASURER	7.00	X	5009	0	0
EDWARD HAINY
CHAIRMAN	3.00	X	2789	0	0
RICK HOLM
DIRECTOR	2.00	X	2489	0	0
ROBERT LARSON
DIRECTOR	3.00	X	2817	0	0
CARL MATTKE
DIRECTOR, LOST ELECTION 6/	2.00	X	1154	0	0
MICHAEL MEIER
DIRECTOR	7.00	X	3243	0	0
RONALD MCLAUGHLIN
VICE CHAIRMAN	4.00	X	3088	0	0
MIKE ZIERER
DIRECTOR	3.00	X	3110	0	0
MIKE ATKINSON
DIRECTOR, ELECTED 6/12	3.00	X	1369	0	0
RANDY KUNSCH
DIRECTOR	5.00	X	3453	0	0
MARILEE OPRESIK
PRESIDENT/CEO	45.00		113217	0	43074	X
JOANNE KOLB
VICE PRES. FIN AND ADMIN	45.00		81516	0	24354	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	223254	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	67428	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
MAKOVSKY BRUSH SERVICE
N3852 PRENTICE ROAD	PRENTICE	WI	54556	BRUSHING	1186037
PIEPERLINE
5070 NORTH 35TH ST	MILWAUKEE	WI	53209	CONSTRUCTION	327858
PUSH INCORPORATED
PO BOX 72	RICE LAKE	WI	54868	UNDERGROUND PLOWING	247500
MOLL'S UTILITY SERVICE
622 170TH ST	HAMMOND	WI	54015	CONSTRUCTION	230563

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	ELECTRIC REVENUE	Description
Business Code	221000	BusinessCode
Total Revenue Column	11743353	TotalRevenueColumn
Related Or Exempt Function Income	11325098	RelatedOrExemptFunctionIncome
Exclusion	$418,255	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	11743353	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	19760	TotalRevenueColumn
Exclusion	$19,760	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	17894	GrossSalesOfInventory
Cost Of Goods Sold	20652	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-2758	TotalRevenueColumn
Related Or Exempt Function Income	-2758	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MAIN STREET MESSENGER REVENUE	Description
Business Code	453000	BusinessCode
Total Revenue Column	52557	TotalRevenueColumn
Unrelated Business Revenue	52557	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	52557	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	11812912	TotalRevenueColumn
Related Or Exempt Function Income	11322340	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	52557	UnrelatedBusinessRevenue
Exclusion	$438,015	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	750527	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	258759	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	874717	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1159545	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	5278755
DISTRIBUTION - MAINTENA	1608035
ADMINISTRATIVE AND GENE	656705
DISTRIBUTION - OPERATIO	506062

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	719807	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	11812912	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	377322	BOY
EOY	175695	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1207271	BOY
EOY	1165204	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	622613	BOY
EOY	668840	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	76388	BOY
EOY	82908	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	44618675	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	14242742	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	27782368	BOY
EOY	30375933	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	3933523	BOY
EOY	4221842	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	14322	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	50844	BOY
EOY	28342	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	34050329	BOY
EOY	36733086	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1298597	BOY
EOY	1199147	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	16089106	BOY
EOY	18640247	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	590968	BOY
EOY	445097	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	17978671	BOY
EOY	20284491	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	16071658	BOY
EOY	16448595	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	16071658	BOY
EOY	16448595	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	34050329	BOY
EOY	36733086	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	376937	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	0	FSAudited
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	273578	OtherCostOrOtherBasis
Book Value	273578	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	44345097	OtherCostOrOtherBasis
Depreciation	14242742	Depreciation
Book Value	30102355	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	30375933	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (12 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
CFC CAPITAL CREDIT	400599	C
DAIRYLAND POWER	2719611	C
CFC CTC'S	570820	C
ASSOCIATED - OTHER	2273	C
RESCO	209668	C
MIDLAND SERVICES, INC. PATRONAGE CA	8	C
OTHER FEDERATED RURAL ELECTRIC	74983	C
OTHER NRTC	196264	C
OTHER CRC	18075	C
OTHER NISC	22192	C
OTHER FYD & DISTRIBUTION - GENERAL	1250	C
OTHER NRUCFC INTEGRITY FUND	6099	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	4221842	TotalOfBookValueProgramRelated

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
CONSUMER DEPOSITS	$49,650
DEFERRED CREDITS	$354,430
UNAMORTIZED GAIN	$41,017

Field	Value	IRS element (for citing)
Total Of Amounts	445097	TotalOfAmounts

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	MARILEE OPRESIK	NamePerson
Title	PRESIDENT/CEO	Title
Base Compensation Filing Org	113217	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	0	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	25861	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	17213	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	156291	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6	EACH MEMBER IS ENTITLED TO ONE VOTE PER MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	ON A ROTATING BASIS, MEMBERS FROM THREE OF THE NINE DISTRICTS MEET ANNUALLY TO SELECT TWO MEMBERS TO NOMINATE AS CANDIDATES FOR THE OFFICE OF THE BOARD OF DIRECTORS. MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7B	EACH MEMBER IS ENTITLED TO ONE VOTE PER MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11	A COPY OF FORM 990 IS MAILED TO EACH DIRECTOR PRIOR TO SUBMISSION. THE BOARD MEMBERS HAVE THE OPPORTUNITY TO ASK QUESTIONS AT THE BOARD MEETING FOLLOWING THEIR INITIAL REVIEW OF FORM 990. THE PRESIDENT/CEO AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION REVIEW FORM 990 BEFORE IT IS SIGNED.
FORM 990, PART VI, SECTION B, LINE 12C	FORM/QUESTIONAIRE IS PROVIDED AT BOARD MEETING FOLLOWING THE ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD IS PROVIDED WITH STATE AND REGIONAL COOPERATIVE COMPARABILITY DATA FOR THE NRECA NATIONAL COMPENSATION SURVEY. THE BOARD CONVENES IN EXECUTIVE SESSION FOR DELIBERATION AND A DECISION IS MADE IN OPEN SESSION.
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	RETIREMENT OF PATRONAGE CAPITAL -373,590. ALLOCATION OF 2012 MARGINS 750,527.	CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XI, LINE 2C:	NO CHANGES HAVE BEEN MADE SINCE PRIOR YEAR.
FORM 990, PART IX, LINE 4:	THE COOPERATIVE HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO BE THE AMOUNT OF CURRENT YEAR MARGINS THAT WILL BE ALLOCATED TO ITS MEMBERS AND THEREFORE HAS PRESENTED THIS AMOUNT. THE COOPERATIVE HAS OR WILL ALLOCATE ALL MARGINS TO ITS MEMBERS.