2013-08-14T13:54:48-07:00 2012-12-31 990 2012-01-01 420519838 NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE NISH 7127552166 1317 CHATBURN AVE PO BOX 714 HARLAN IA 515370714 John Euchner 7127552166 2013-08-15 2012 2016-02-24 21:20:13Z John Euchner 1112 1200th St Harlan IA 51537 16230378 0 X nvrec.com X 1936 IA NONE 7 7 26 0 0 0 0 0 14446831 15873651 53185 26172 61424 35885 14561440 15935708 0 0 25310 283942 1814360 1679764 0 0 0 12076495 12862772 13916165 14826478 645275 1109230 31010048 34865619 19540284 22286625 11469764 12578994 NONE 0 0 Provided 163,407,435 kwh of electricity to approximately 2,550 members, while maintaining system reliability as a whole. 0 0 0 0 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 1 0 1 25 0 1 26 1 0 0 0 0 0 15868589 26172 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 1 1 0 X X John Euchner 7127552166 1317 Chatburn Ave PO Box 714 Harlan IA 515370714 Donald Applegate 10.14 0 X 2975 0 0 Dale Christiansen 3.31 0 X 5450 0 0 Galen Grabill 2.01 0 X 3875 0 0 Gene Kenkel 3.96 0 X 6850 0 0 Darrell Stamp 4.80 0 X X 7975 0 0 Wayne Paulsen 1.78 X X 4775 0 0 Bryan Greve 3.24 0 X X 5675 0 0 John Euchner 43.84 1.5 X 121386 0 38454 Carmen Hosack 43.66 1.5 X 96869 0 54533 255830 0 92987 1 0 1 0 Chain Electric Company 1308 and one half W Pine St PO Box 2058 Hattiesburg MS 394032058 Electric line construction 3918617 Sherrill Electric Utilities Services Inc 6109 Granada Fairway KS 66205 Staking & contract administration 625137 Asplundh Tree Expert Co 708 Blair Mill Road Willow Grove PA 19090 Tree trimming 303592 3 0 Electric distribution service 221000 15873651 15873651 0 0 0 0 0 0 15873651 26172 0 0 26172 0 0 0 0 0 0 0 0 0 0 0 0 330555 294670 35885 35885 0 0 0 15935708 15909536 0 26172 0 0 0 283942 348817 0 670042 251575 329688 79642 0 9058 16653 0 0 0 242630 0 44167 53194 0 916 41057 0 21536 739368 52324 917640 78557 Cost of Power 9909276 Distribution Operations 144684 Distribution Maintenance 318528 Administration & General 273184 14826478 0 0 0 691637 671333 2067684 2125318 0 0 0 0 268182 226333 2074873 2545638 2386351 3282600 33501035 11883431 19701261 21617604 1167402 1442017 2647830 2949950 4828 4826 31010048 34865619 1585711 2860394 226109 0 17321206 18700317 407258 725914 19540284 22286625 X 0 0 0 0 11469764 12578994 11469764 12578994 31010048 34865619 1109230 0 0 0 0 0 X 0 1 X 1 1 1 0 6028 6028 0 1027940 653220 374720 0 0 0 0 0 2784581 1978324 806257 0 29682486 9251887 20430599 21617604 Investments in Associated Companies 2949950 C 2949950 Post-retirement benefit obligation 268702 Miscellaneous withholdings & assessments 428233 Customer deposits 28979 725914 X SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Cooperative has evaluated whether it was necessary to recognize any benefit from uncertain tax positions in currently open tax periods and determined that there are no material uncertainties within its filed tax returns. As of December 31, 2012 and 2011, the unrecognized tax benefit accrual 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 prior to 2009. X X X 0 0 0 John Euchner 118886 0 2500 0 0 0 23228 0 15226 0 159840 0 Carmen Hosack 96869 0 0 0 0 0 40073 0 14460 0 151402 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Single class of members. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a One member, one vote in person, or appointed delegate (for corporations), at the annual meeting. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Anything changing the Articles of Incorporation requires a member vote. The Board of Directors has the authority for all other decisions. F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b Committees do keep notes, but have no authority to act. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Director of Finance & Administration presents the Form 990 in draft form at the board meeting preceding the date the Form 990 will be filed with the IRS. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Director of Finance & Administration provides the President with comparable information from the National Compensation Group (NCG) survey and other comparisons, including comparable organizations' Forms 990. The Board meets in closed session to discuss performance and any compensation adjustment. The President reviews the CEO's performance verbally with the CEO and provides a letter to the CEO that gives the amount of adjustment and/or bonus and the effective date. A copy of this is given to the Director of Finance & Administration. The CEO reviews the NGC survey and other comparisons for appropriate salary levels based on comparable positions at the regional, state and national levels. The CEO also reviews annual goals set v. goals accomplished, using staff reports, the budget and personnel meetings. The CEO determines all annual pay adjustments for key staff, including the Director of Finance & Administration. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 A copy of the Articles of Incorporation and Bylaws is included with each "new member" packet. The figures from the Cooperative's balance sheet and statement of operations are incorporated into the annual report mailed to all members. The Cooperative would provide on request the audited financial statements or the conflict of interest policy. Nishnabotna Valley Foundation PO Box 714 Harlan IA 515370714 421467824 College scholarships IA 501(c)3 PF N/A 0 VCM LLC PO Box 714 Harlan IA 515370714 421487290 Real Estate IA N/A Excluded Chapman Metering LLC PO Box 94 Avoca IA 51521 421467826 Electrical meter testing and installation IA N/A Investment Great Western Development Ltd PO Box 714 Harlan IA 515370714 421322104 Real Estate IA Nishnabotna Valley Rural Electric Cooperative C 0 1257354 1 0 Western Ventures Inc PO Box 714 Harlan IA 515370714 421414507 Real Estate IA N/A C 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Great Western Development Ltd b 270693 Cash infusion