UNION COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: UNION COUNTY ELECTRIC COOPERATIVE INC (EIN 46-0200495)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-03
IRS object ID: 201231859349300718
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
Form 990
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-03T11:40:01-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	450250958	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EIDE BAILLY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 EAST 10TH STREET PO BOX 5125	AddressLine1
City	SIOUX FALLS	City
State	SD	State
ZIP Code	571175125	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	460200495	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	UNION COUNTY ELECTRIC COOPERATIVE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	UNIO	NameControl
Phone	6053563395	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 459	AddressLine1
City	ELK POINT	City
State	SD	State
ZIP Code	570250459	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RALPH MORSE	Name
Title	GENERAL MANAGER	Title
Phone	6053563395	Phone
Date Signed	2012-06-29	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LAURIE HANSON	Name
PTIN	P00851848	PTIN
Phone	6053391999	Phone
Date Prepared	2012-06-29	DatePrepared

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 MORSE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 459	AddressLine1
City	ELK POINT	City
State	SD	State
ZIP Code	570250459	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3187407	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.UNIONCOUNTY.COOP	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1937	YearFormation
State Legal Domicile	SD	StateLegalDomicile
Activity Or Mission Description	PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	11	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	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	3078534	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3138820	ProgramServiceRevenueCY
Investment Income Prior Year	3039	InvestmentIncomePriorYear
Investment Income Current Year	11917	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-500	OtherRevenuePriorYear
Other Revenue Current Year	-2581	OtherRevenueCurrentYear
Total Revenue Prior Year	3081073	TotalRevenuePriorYear
Total Revenue Current Year	3148156	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	200506	BenefitsPaidToMembersCY
Salaries Etc Prior Year	720000	SalariesEtcPriorYear
Salaries Etc Current Year	672661	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	2164087	OtherExpensePriorYear
Other Expenses Current Year	2274989	OtherExpensesCurrentYear
Total Expenses Prior Year	2884087	TotalExpensesPriorYear
Total Expenses Current Year	3148156	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	196986	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	8537885	TotalAssetsBOY
Total Assets EOY	8474472	TotalAssetsEOY
Total Liabilities BOY	5310627	TotalLiabilitiesBOY
Total Liabilities EOY	5154550	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3227258	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	3319922	NetAssetsOrFundBalancesEOY
Mission Description	UNION COUNTY ELECTRIC COOPERATIVE EXISTS TO PROVIDE HIGH VALUE ENERGY TO OUR MEMBERS BY FOCUSING ON DELIVERING SAFE, RELIABLE, ENVIRONMENTALLY FRIENDLY ELECTRICITY WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,135 MEMBERS AND ADDED/REPLACED/RETIRED 2.72 MILES OF LINES.	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	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	1	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
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	39	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	11	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Gross Income From Members	3116957	GrossIncomeFromMembers
Gross Income Other Sources	77455	GrossIncomeOtherSources
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	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	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JOANNE LIMOGES	NamePerson
Telephone Number	6053563395	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	122 WEST MAIN STREET	AddressLine1
City	ELK POINT	City
State	SD	State
ZIP Code	570250459	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
RICHARD DAILEY
PRESIDENT	3.50	X	X	3100	0	0
NORMAN SHEDD
VICE-PRESIDENT	2.50	X	X	3975	0	0
EDWARD DONNELLY
SECRETARY	1.80	X	X	3050	0	0
DON SCHURDEVIN
TREASURER	4.20	X	X	4850	0	0
DONALD GRAY
ASSISTANT SECRETARY	3.90	X	X	5550	0	0
RALPH MORSE
GENERAL MANAGER	50.00		X	75917	0	21962

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	96442	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	21962	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SALE OF POWER	221000	2988622	2988622
CAPITAL CREDITS	221000	102996	102996
OTHER OPERATING	221000	47202	47202

Field	Value	IRS element (for citing)
Total Program Service Revenue	3138820	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	11917	TotalRevenueColumn
Exclusion	$11,917	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	36670	GrossSalesOfInventory
Cost Of Goods Sold	39251	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-2581	TotalRevenueColumn
Related Or Exempt Function Income	-2581	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3148156	TotalRevenueColumn
Related Or Exempt Function Income	3136239	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$11,917	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	200506	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	129497	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	422276	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	92740	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	28148	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	207784	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	240103	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	1503034
ADMIN & GENERAL	361883
DISTRIBUTION-MAINTENANC	198202
DISTRIBUTION-OPERATIONS	195136

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	-431153	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3148156	Total

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	592947	BOY
EOY	255021	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	85178	BOY
EOY	89816	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	1486	BOY
EOY	729	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	211024	BOY
EOY	171129	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	73573	BOY
EOY	92973	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	9200861	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3127585	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5976849	BOY
EOY	6073276	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	277241	BOY
EOY	387174	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	1319587	BOY
EOY	1404354	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	8537885	BOY
EOY	8474472	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	325737	BOY
EOY	237035	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	4652941	BOY
EOY	4382765	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	331949	BOY
EOY	534750	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	5310627	BOY
EOY	5154550	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	3227258	BOY
EOY	3319922	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3227258	BOY
EOY	3319922	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	8537885	BOY
EOY	8474472	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	92664	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	0	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	29474	OtherCostOrOtherBasis
Book Value	29474	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	219912	OtherCostOrOtherBasis
Depreciation	129588	Depreciation
Book Value	90324	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	8951475	OtherCostOrOtherBasis
Depreciation	2997997	Depreciation
Book Value	5953478	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	6073276	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (6 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
EAST RIVER ELECTRIC POWER COOPERATIVE, INC.	1191071	C
RURAL ELECTRIC SUPPLY COOPERATIVE	100	C
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION	187572	C
FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE	20411	C
RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC.	4000	C
MEMBERSHIPS	1200	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	1404354	TotalOfBookValueProgramRelated

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
DEFERRED CREDITS	$375,287
CUSTOMER DEPOSITS	$73,486
OTHER CURRENT LIABILITIES	$85,977

Field	Value	IRS element (for citing)
Total Of Amounts	534750	TotalOfAmounts
Total Revenue	3148156	TotalRevenue
Total Expenses	3148156	TotalExpenses
Excess Or Deficit For Year	0	ExcessOrDeficitForYear
Other	$92,664	OtherAmount
Total Adjustments	92664	TotalAdjustments
Excess Or Deficit Per FS	92664	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3148156	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	3148156	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	3148156	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2947650	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	2947650	ExpensesSubtotal
Other Expenses Not Included	200506	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	200506	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	3148156	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE COOPERATIVE EVALUATES ITS INCOME TAX POSITION ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2011 AND 2010 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008.
PART XI, LINE 8 - OTHER ADJUSTMENTS:		RETIREMENT OF CAPITAL CREDITS -124,918. CHANGE IN OTHER EQUITIES 17,026. CHANGE IN MEMBERSHIPS 50. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 200,506. TOTAL TO SCHEDULE D, PART XI, LINE 8: 92,664.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:		ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 200,506.

Schedule L IRS990ScheduleL

Loan Table LoanTable

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	NORM SHEDD	BusinessNameLine1

Field	Value	IRS element (for citing)
Purpose Of Loan	HEAT PUMP LOAN	PurposeOfLoan
Loan From Organization	X	LoanFromOrganization
Original Principal	$4,804	OriginalPrincipalAmount
Balance Due	729	BalanceDue
Default	0	Default
Approved By Board	1	ApprovedByBoard
Written Agreement	1	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	729	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (12 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6	MEMBERS ARE ALL OF THE SAME CLASS.
FORM 990, PART VI, SECTION A, LINE 7A	EACH MEMBER IS OF THE SAME CLASS AND HAS ONE VOTE.
FORM 990, PART VI, SECTION A, LINE 7B	THE COOPERATIVE MAY NOT SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF ITS PROPERTY, UNLESS SUCH SALE, LEASE OR OTHER DISPOSAL IS AUTHORIZED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF ALL MEMBERS OF THE COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 8B	THE ORGANIZATION HAS NO COMMITTEES.
FORM 990, PART VI, SECTION B, LINE 11	THE GENERAL MANAGER AND BOARD OF DIRECTORS WILL REVIEW THE FORM 990 AT A REGULARLY SCHEDULED BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 12C	EMPLOYEES AND DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE PROCESS IS LEFT UP TO THE DIRECTORS & MANAGER TO MONITOR. ANY CONFLICTS WOULD BE REVIEWED. TERMINATION OR EXPULSION WOULD BE IMPOSED ON A DIRECTOR AND TERMINATION ON AN EMPLOYEE.
FORM 990, PART VI, SECTION B, LINE 15A	DURING 2011, WAGES WERE COMPARED TO OTHER COOPERATIVES OF SIMILAR SIZE USING THE WAGE AND SALARY REPORT PREPARED BY SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION (SDREA).
FORM 990, PART VI, SECTION C, LINE 19	THIS INFORMATION IS PROVIDED TO MEMBERS IN THE ANNUAL REPORT. AT OTHER TIMES, THIS INFORMATION IS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 5:	RETIREMENT OF CAPITAL CREDITS -124,918. CHANGE IN OTHER EQUITIES 17,026. CHANGE IN MEMBERSHIPS 50. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 200,506. TOTAL TO FORM 990, PART XI, LINE 5: 92,664.	CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART VII, COLUMN F, OTHER COMPENSATION:	INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR.
FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES:	THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E.	ALLOCATED AND OTHER EXPENSE:
FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS:	THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.