2013-05-13T12:29:35-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2012-01-01 420163705 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE BUTL 3192672726 PO BOX 98 ALLISON IA 506020098 CRAIG CODNER 3192672726 2013-04-29 1 CRAIG POPENHAGEN P01587689 5074347000 2012 2016-02-24 21:20:13Z CRAIG CODNER PO BOX 98 ALLISON IA 506020098 23250886 0 X WWW.BUTLERREC.COOP X 1936 IA PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 9 9 45 0 2417 0 0 0 20191610 21786615 129653 159574 974274 1125801 21295537 23071990 0 0 507522 392481 335395 387797 0 0 0 19749951 21287867 20592868 22068145 702669 1003845 36820250 40077476 22280692 24430380 14539558 15647096 PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE. 0 0 DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA 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 0 1 1 0 0 1 16 0 45 1 1 1 0 0 0 0 22539575 1288223 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CRAIG CODNER 3192672726 521 N MAIN ST PO BOX 98 ALLISON IA 506020098 DUANE RIECKENBERG 5.20 X X 6900 0 0 GARY POPPE 4.90 X X 4200 0 0 DONALD FELDMAN 4.40 X 3600 0 0 LELAND BOYD 4.80 X X 5000 0 0 LOWELL GOODENBOUR 2.80 X 4600 0 0 HARLEY HENRICHS 2.30 X 3200 0 0 JOHN KLAHSEN 2.70 X 4600 0 0 GERALD SCHMIDT 4.10 X 5000 0 0 TIM SCHRAGE 3.40 X X 4100 0 0 ROBERT BAUMAN 40.00 X 116270 0 43190 JANE BRADLEY 40.00 X 57377 0 21644 CRAIG CODNER 40.00 X 72014 0 36102 286861 0 100936 1 0 1 0 MOLL'S UTILITY SERVICES 622 170TH STREET HAMMOND WI 54015 LINE CONSTRUCTION 2401739 STANLEY CONSULTANTS INCORPORATED 225 IOWA AVE MUSCATINE IA 52761 ENGINEERING SERVICES 190455 2 SALE OF POWER 221000 21786615 21786615 21786615 130874 130874 28700 0 28700 28700 28700 198857 178896 19961 17544 2417 CAPITAL CREDITS 523000 1105840 1105840 1105840 23071990 22909999 2417 159574 392481 387797 654275 1153128 COST OF POWER 16289258 DIST EXPENSE - MAINT 858993 ADMIN & GENERAL EXP 803629 DIST EXP - OPERATIONS 671992 856592 22068145 920105 919422 741120 526117 2741045 2971833 17689 17801 1105060 722402 286397 214298 40204148 12888538 24514358 27315610 28417 24573 6238774 7188135 26391 26391 200894 150894 36820250 40077476 2116697 2099979 885682 712341 18786661 21004839 491652 613221 22280692 24430380 X 0 0 0 0 14539558 15647096 14539558 15647096 36820250 40077476 X 1003845 103693 X X 0 1 X 1 1 1 57567 57567 1532731 833160 699571 3856206 2763032 1093174 34757644 9292346 25465298 27315610 PAT CAP IN ASSOC ORGS 4360053 C NRUCFC CAPITAL TERM CERTS 561191 C NRUCFC MEMBER CAP SECS 50000 C ECONOMIC DEVEL LOANS 1154215 C REVOLVING LOAN FUNDS 1054360 C OTHER INVESTMENTS 8316 C 7188135 CONSUMER DEPOSITS 147400 ACCUM PROVISION FOR PENSION & BENEFITS 445200 PATRONAGE CAPITAL PAYABLE 20621 613221 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, AND NIDCO IS EXEMPT UNDER SECTION 501(C)(3). FRDCO IS A TAXABLE CORPORATION, AND HAD A LOSS OF $2,180 FOR 2012 AND A LOSS OF $1,577 FOR 2011. THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2012 AND 2011 FOR THE COOPERATIVE OR ITS SUBSIDIARIES. AS OF DECEMBER 31, 2012, FRDCO HAS A NET OPERATING LOSS CARRYFORWARD AVAILABLE OF APPROXIMATELY $61,000. AN EQUAL AND OFFSETTING VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THE NET OPERATING LOSS CARRYFORWARD AS THE LIKELIHOOD OF USING THE CARRYFORWARD IS NOT DETERMINED. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2012. THE COOPERATIVE'S 2009, 2010, AND 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. X X 0 0 0 ROBERT BAUMAN 116270 0 0 0 0 0 29067 0 14123 0 159460 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN KLAHSEN, DIRECTOR, & DONALD FELDMAN, DIRECTOR, OF THE BOARD OF DIRECTORS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP VOTES ON ANY CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWED THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE EXPECTED TO DECLARE ANY CONFLICTS OF INTEREST. DIRECTORS ARE TO ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY MATTERS INVOLVING A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 CEO AND THE RECORDING SECRETARY'S COMPENSATION WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -181,144. ACTUARIAL LOSS ON POST RETIREMENT BENEFITS -103,800. BOOK/TAX DIFFERENCE - SUBSIDIARY INCOME -3,844. PATRONAGE DIVIDENDS PAID 392,481. PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990. NORTHEAST IOWA DEVELOPMENT CORP 521 NORTH MAIN STREET ALLISON IA 50602 421373757 HOUSING LOANS IA 501(C)(3) LINE 7 BUTLER COUNTY RURAL ELECTRIC COOPERATIVE 0 FIVE RIVERS DEVELOPMENT CORP 521 NORTH MAIN ALLISON IA 50602 421436185 ECONOMIC DEVELOPMENT IA BUTLER COUNTY REC C -2180 30481 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 NO TRANSACTIONS OVER 50000