MILLE LACS ENERGY COOPERATIVE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MILLE LACS ENERGY COOPERATIVE (EIN 41-0411772)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-23
- IRS object ID
- 201202059349300010
- Schema version
- 2011v1.2
- 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 | 2012-07-23T09:59:07-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410411772 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLE LACS ENERGY COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILL | NameControl |
| Phone | 2189272191 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 230 | AddressLine1 |
| City | AITKIN | City |
| State | MN | State |
| ZIP Code | 56431 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH SCHULTZ | Name |
| Title | FINANCIAL MANAGER | Title |
| Phone | 2189272191 | Phone |
| Date Signed | 2012-07-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MATT LAUGHLIN | Name |
| PTIN | P00014168 | PTIN |
| Phone | 7017754685 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RALPH MYKKANEN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 230 | AddressLine1 |
| City | AITKIN | City |
| State | MN | State |
| ZIP Code | 56431 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 23331679 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MLECMN.NET | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE ELECTRIC DISTRIBUTION SERVICE TO 12,924 MEMBERS OF THE COOPERATIVE | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 55 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 626665 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 19531 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20929484 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21790664 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 137703 | InvestmentIncomePriorYear |
| Investment Income Current Year | 180212 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1449273 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1300885 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 22516460 | TotalRevenuePriorYear |
| Total Revenue Current Year | 23271761 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 2036539 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 390249 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 402224 | 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 | 20303239 | OtherExpensePriorYear |
| Other Expenses Current Year | 20832998 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20693488 | TotalExpensesPriorYear |
| Total Expenses Current Year | 23271761 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1822972 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 54038242 | TotalAssetsBOY |
| Total Assets EOY | 54242824 | TotalAssetsEOY |
| Total Liabilities BOY | 34869463 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 34953212 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19168779 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 19289612 | NetAssetsOrFundBalancesEOY |
| Mission Description | 501(C)12 ELECTRIC DISTRIBUTION COOPERATIVE - EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO OUR MEMBERS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE ELECTRIC SERVICE TO 12,924 MEMBERS OF THE COOPERATIVE | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 25 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 55 | 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 | 21770750 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1227659 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | 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 | 0 | ConflictOfInterestPolicy |
| 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEBORAH SCHULTZ | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2189278234 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36559 US HIGHWAY 169 | AddressLine1 |
| City | AITKIN | City |
| State | MN | State |
| ZIP Code | 56431 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 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 |
|---|---|---|---|---|---|---|---|
| AILEEN R DEMENGE | |||||||
| ASSISTANT SECRETARY/TREASU | 3.40 | X | X | 11344 | 0 | 0 | |
| LYNDON E HASSKAMP | |||||||
| DIRECTOR | 4.10 | X | 10880 | 0 | 0 | ||
| DONALD HYYTINEN | |||||||
| DIRECTOR | 2.50 | X | 11777 | 0 | 0 | ||
| DENNIS LAMKE | |||||||
| VICE PRESIDENT | 10.00 | X | X | 11888 | 0 | 0 | |
| LAVERNE WATTERS | |||||||
| PRESIDENT | 10.40 | X | X | 18003 | 0 | 0 | |
| BARBARA WELTY | |||||||
| SECRETARY/TREASURER | 4.40 | X | X | 12352 | 0 | 0 | |
| HAROLD HARMS | |||||||
| DIRECTOR | 3.90 | X | 9490 | 0 | 0 | ||
| HAROLD M NELSON | |||||||
| DIRECTOR | 4.70 | X | 4779 | 0 | 0 | ||
| RALPH MYKKANEN | |||||||
| GENERAL MANAGER | 44.00 | X | 159524 | 0 | 31126 | ||
| DEBORAH SCHULTZ | |||||||
| FINANCIAL MANAGER | 45.00 | X | 93591 | 0 | 27470 | ||
| JOHN PIERSON JR | |||||||
| ENGINEERING TECH. MANAGER | 43.00 | 203133 | 0 | 23735 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 546761 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 82331 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NISC | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | COMPUTER SOFTWARE SERVICES | 230268 |
| ECE | |||||
| PO BOX 39 | BRAHAM | MN | 55006 | PLANT MAINTENANCE, ON CALL SERVICES, ETC | 156832 |
| R&G WALDHALM CONTRACTORS | |||||
| 3263 LAKETOWN RD | STURGEON LAKE | MN | 55783 | UNDERGROUND WIRING | 127322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| ELECTRIC SALES | 221000 | 21383400 | 21383400 | |
| FORFEITED DISCOUNTS | 221000 | 246097 | 246097 | |
| OTHER MISCELLANEOUS RE | 221000 | 136600 | 136600 | |
| POLES, ATTACHEMNTS & O | 221000 | 24567 | 2127 | $22,440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21790664 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 194599 | TotalRevenueColumn |
| Exclusion | $194,599 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8640 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 23027 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -14387 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -14387 | TotalRevenueColumn |
| Exclusion | -$14,387 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 41334 | GrossSalesOfInventory |
| Cost Of Goods Sold | 36891 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4443 | TotalRevenueColumn |
| Unrelated Business Revenue | 4443 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| INTERNET, LD, PHONE AN | 517000 | 622222 | 622222 | |
| GENERATION & TRANSMISS | 900099 | 547156 | 547156 | |
| OTHER CAPITAL CREDITS | 900099 | 127064 | 127064 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1296442 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23271761 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22442444 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 626665 | UnrelatedBusinessRevenue |
| Exclusion | $202,652 | 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 | 2036539 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 402224 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1311114 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1511176 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 12773051 |
| DISTRIBUTION - OPERATIO | 2509035 |
| ADMINISTRATIVE AND GENE | 1265664 |
| UNRELATED BUSINESS EXPE | 613593 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 849365 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23271761 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 234377 | BOY |
| EOY | 202107 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1672585 | BOY |
| EOY | 1650289 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 448848 | BOY |
| EOY | 391725 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1625 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4582 | BOY |
| EOY | 1582 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 799185 | BOY |
| EOY | 580020 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26555 | BOY |
| EOY | 23990 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 57392487 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 18091711 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38987075 | BOY |
| EOY | 39300776 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9690040 | BOY |
| EOY | 10071320 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2173370 | BOY |
| EOY | 2021015 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54038242 | BOY |
| EOY | 54242824 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3546980 | BOY |
| EOY | 3349219 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48353 | BOY |
| EOY | 38350 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29509545 | BOY |
| EOY | 28594723 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1764585 | BOY |
| EOY | 2970920 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34869463 | BOY |
| EOY | 34953212 | 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 | 19168779 | BOY |
| EOY | 19289612 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19168779 | BOY |
| EOY | 19289612 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54038242 | BOY |
| EOY | 54242824 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 120833 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 150670 | OtherCostOrOtherBasis |
| Book Value | 150670 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1592596 | OtherCostOrOtherBasis |
| Depreciation | 971911 | Depreciation |
| Book Value | 620685 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4034322 | OtherCostOrOtherBasis |
| Depreciation | 2645071 | Depreciation |
| Book Value | 1389251 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 51614899 | OtherCostOrOtherBasis |
| Depreciation | 14474729 | Depreciation |
| Book Value | 37140170 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39300776 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CAPITAL CREDITS OTHER COOP ORGANIZATIONS | 8031725 | C |
| MEMBERSHIP FEES | 1225 | C |
| CFC CAPITAL TERM CERTIFICATES | 1040519 | C |
| MINNESOTA RURAL ELECTRIC TRUST | 30608 | C |
| ECONOMIC DEVELOPMENT PROJECTS | 650161 | C |
| INVESTMENT IN INTERNET & LD EQUIP, NET | 33392 | C |
| MINNESOTA COMMUNITY CAPITAL FUND | 50000 | C |
| CASH SURRENDER VALUE OF LIFE INSURANCE | 233690 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 10071320 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (8 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER ENERGY PREPAYMENTS | $193,048 |
| PENSION PLAN BENEFIT OBLIGATIONS | $1,914,557 |
| DEFERRED COMPENSATION PLAN | $413,334 |
| SALES TAX REFUND | $188,378 |
| UNCLAIMED PROPERTY | $161,457 |
| INSTALLATION COSTS - METERS & TRANSFORMERS | $74,746 |
| OTHER | $1,400 |
| CASH IN LIEU OF BID BONDS | $24,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2970920 | TotalOfAmounts |
| Total Revenue | 23271761 | TotalRevenue |
| Total Expenses | 23271761 | TotalExpenses |
| Excess Or Deficit For Year | 0 | ExcessOrDeficitForYear |
| Other | $120,833 | OtherAmount |
| Total Adjustments | 120833 | TotalAdjustments |
| Excess Or Deficit Per FS | 120833 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 22665208 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 22665208 | RevenueSubtotal |
| Other Revenues Not Included | 606553 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 606553 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 23271761 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20628669 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20628669 | ExpensesSubtotal |
| Other Expenses Not Included | 2643092 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2643092 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 23271761 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | INCOME TAXES - THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C) (12) OF THE INTERNAL REVENUE CODE; HOWEVER, THE COOPERATIVE IS SUBJECT TO INCOME TAX FROM INCOME DERIVED FROM SOURCES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. FOR THE YEARS ENDING DECEMBER 31, 2011 AND 2010, THE PROVISION FOR INCOME TAXES WAS $13,134 AND $16,717, RESPECTIVELY. 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 COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | OTHER COMPREHENSIVE LOSS -1,413,772. RETIREMENT OF CAPITAL CREDITS -501,934. PATRONAGE DIVIDENDS PAID (ALLOCATED) 2,036,539. TOTAL TO SCHEDULE D, PART XI, LINE 8: 120,833. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | UNRELATED BUSINESS REVENUE - DIVERSIFIED SERVICES 606,553. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE DIVIDENDS PAID (ALLOCATED) 2,036,539. UNRELATED BUSINESS EXPENSES - DIVERSIFIED SERVICES 606,553. |
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 | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RALPH MYKKANEN | |||||||||||||
| 159524 | 0 | 0 | 0 | 0 | 0 | 27524 | 0 | 3602 | 0 | 190650 | 0 | 0 | 0 |
| JOHN PIERSON JR | |||||||||||||
| 103133 | 0 | 0 | 0 | 100000 | 0 | 16342 | 0 | 7393 | 0 | 226868 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | JOHN PIERSON - $100,000 JOHN PIERSON TERMINATED AND STARTED DEFERRED COMPENSATION PROCESS. TOTAL $100,000 INCLUDED ON W-2 LINE 5 FOR SOCIAL SECURITY PURPOSES. PAID OVER 5 YEARS @ $20,000 PER YEAR. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT RIVER ENERGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DENNIS LAMKE REPRESENTS THE COOPERATIVE ON GREAT RIVER ENERGY'S BOARD. | Relationship |
| Amount Of Transaction | 12773051 | AmountOfTransaction |
| Description Of Transaction | PURCHASE OF WHOLESALE POWER | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBER OWNED ELECTRIC COOPERATIVE | |
| FORM 990, PART VI, SECTION A, LINE 7A | WE ARE A COOPERATIVE. BOARD MEMBER POSITIONS COME UP FOR ELECTION EVERY 3 YEARS. ALL MEMBERS ARE ELIGIBLE TO VOTE. THE BOARD IS AUTHORIZED TO FILL A POSITION WHEN VACATED DURING THE YEAR. | |
| FORM 990, PART VI, SECTION A, LINE 7B | WHERE APPLICABLE, I.E. CHANGES IN ARTICLES OF INCORPORATION BY-LAWS, DISSOLUTION OF COOPERATIVE, ETC. ALL MEMBERS ARE ELIGIBLE TO PARTICIPATE IN THIS DECISION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE 990 WAS PROVIDED TO EACH BOARD MEMBER. THIS WAS REVIEWED BY THE FINANCIAL MANAGER WITH THE BOARD AT THE JULY 20, 2012 BOARD MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE WAGE AND SALARY PLAN USED FOR ALL OF THE NON-UNION EMPLOYEES, INCLUDING THE MANAGEMENT TEAM, IS BASED ON SURVEY DATA PROVIDED BY NRECA FOR SIMILAR POSITIONS OF OTHER RURAL ELECTRIC COOPERATIVES IN THE U.S. THE PROCESS USED HAS BEEN APPROVED BY THE BOARD AND IS DOCUMENTED IN POLICY. THE OVERALL PLAN IS REVIEWED ANNUALLY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | POLICY 109 PROVIDES GUIDELINES FOR REQUESTING COOPERATIVE RECORDS. WHERE APPLICABLE A WRITTEN REQUEST IS REQUIRED. | |
| FORM 990, PART IX | A CHANGE TO FORM 990 INSTRUCTIONS BETWEEN TAX YEARS 2010 AND 2011 LED TO A REPORTING CHANGE ON THE CURRENT YEAR FORM 990. FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) NOW 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. THIS CHANGE ALSO IMPACTS THE PRIOR YEAR COMPARABILITY OF FORM 990 PART I, LINE 14. 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. | STATEMENT OF FUNCTIONAL EXPENSES: |
| FORM 990, PART XI, LINE 5: | OTHER COMPREHENSIVE LOSS -1,413,772. RETIREMENT OF CAPITAL CREDITS -501,934. PATRONAGE DIVIDENDS PAID (ALLOCATED) 2,036,539. TOTAL TO FORM 990, PART XI, LINE 5: 120,833. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. | FINANCIAL STATEMENT AUDIT |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLE LACS ELECTRIC COMMUNITY TRUST | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 230 | AddressLine1 |
| City | AITKIN | City |
| State | MN | State |
| ZIP Code | 56431 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411902846 | EIN |
| Primary Activities | COMMUNITY TRUST | PrimaryActivities |
| Legal Domicile State | MN | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 7 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| 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 |
| 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 | 0 | 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
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLE LACS ELECTRIC COMMUNITY TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | 58528 | AmountInvolved |
| Method Of Amt Determination | FMV | MethodOfAmtDetermination |