MCKENZIE ELECTRIC COOPERATIVE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MCKENZIE ELECTRIC COOPERATIVE INC (EIN 45-0217439)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-09-24
- IRS object ID
- 201242689349300454
- 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 | 2012-09-24T08:29:01-05:00 | 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 | 4310 17TH AVE S PO BOX 2545 | AddressLine1 |
| City | FARGO | City |
| State | ND | State |
| ZIP Code | 581082545 | 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 | 450217439 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McKenzie Electric Cooperative Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MCKE | NameControl |
| Phone | 7014449288 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 649 | AddressLine1 |
| City | Watford City | City |
| State | ND | State |
| ZIP Code | 588540649 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | John Skurupey | Name |
| Title | CEO | Title |
| Phone | 7014449288 | Phone |
| Date Signed | 2012-09-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LISA CHAFFEE CPA | Name |
| PTIN | P00193453 | PTIN |
| Phone | 7012398500 | Phone |
| Date Prepared | 2012-09-04 | 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 | John Skurupey | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 649 | AddressLine1 |
| City | Watford City | City |
| State | ND | State |
| ZIP Code | 588540649 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 39610098 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | http://www.mckenzieelectric.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | ND | StateLegalDomicile |
| Activity Or Mission Description | The tax-exempt purpose of the Organization is to deliver electricity to members. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 45 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -85 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -85 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 29790849 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 39230936 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 497543 | InvestmentIncomePriorYear |
| Investment Income Current Year | 361481 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 547 | OtherRevenuePriorYear |
| Other Revenue Current Year | 15404 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 30288939 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39607821 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12452 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 7627169 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3070998 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3374697 | 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 | 21063991 | OtherExpensePriorYear |
| Other Expenses Current Year | 28217160 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 24134989 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39231478 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6153950 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 376343 | RevenuesLessExpensesCY |
| Total Assets BOY | 69040553 | TotalAssetsBOY |
| Total Assets EOY | 94508010 | TotalAssetsEOY |
| Total Liabilities BOY | 13090266 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 31082208 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 55950287 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 63425802 | NetAssetsOrFundBalancesEOY |
| Mission Description | To make available and to serve all consumers within its boundaries with electric energy.To ensure an adequate source of central station power and work to make that energy as reliable as possible at the lowest possible cost. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | The Cooperative delivers electric energy to members. In 2011 the Cooperative served 2,847 members. | 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 | 1 | 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 | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 45 | 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 |
| Gross Income From Members | 38032184 | GrossIncomeFromMembers |
| Gross Income Other Sources | 341758 | 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 | 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 | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | 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 | Tim Melby | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7014449288 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 649 | AddressLine1 |
| City | Watford City | City |
| State | ND | State |
| ZIP Code | 588540649 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
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 |
|---|---|---|---|---|---|---|
| Ray Tescher | ||||||
| Chairperson | 5.70 | X | X | 16021 | 0 | 0 |
| Donald Link | ||||||
| Vice Chairperson | 6.00 | X | X | 15933 | 0 | 0 |
| Rondee Hanna | ||||||
| Secretary/Treasurer | 4.70 | X | X | 15108 | 0 | 0 |
| Travis Thompson | ||||||
| Director At Large | 6.80 | X | 14683 | 0 | 0 | |
| Glenn Aamodt | ||||||
| Director | 4.30 | X | 15058 | 0 | 0 | |
| Glen Houghton | ||||||
| Director | 4.40 | X | 14933 | 0 | 0 | |
| Dennis Johnson | ||||||
| Director | 4.10 | X | 15196 | 0 | 0 | |
| Clayton Monsen | ||||||
| Director | 4.80 | X | 4257 | 0 | 0 | |
| Tim Wasem | ||||||
| Director | 5.20 | X | 16267 | 0 | 0 | |
| John Skurupey | ||||||
| CEO | 48.20 | X | 132162 | 0 | 27089 | |
| Tim Melby | ||||||
| Business Manager | 41.70 | X | 77244 | 0 | 16554 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 336862 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 43643 | 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 (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| 4 T Construction Inc | |||||
| PO Box 250 | Emmet | ID | 83617 | Line Construction | 3325699 |
| Highmark | |||||
| PO Box 491 | Blackhawk | SD | 57718 | Line Construction | 2941029 |
| Badlands Electric Inc | |||||
| PO Box 473 | Baker | MT | 59313 | Line Construction | 1909745 |
| HDR Inc | |||||
| PO Box 3480 | Omaha | NE | 68103 | Engineering Services | 1669762 |
| Timberline Construction | |||||
| PO Box 1156 | Rapid City | SD | 57709 | Line Construction | 1616538 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Electric Revenues | 221000 | 37995060 | 37995060 | |
| Capital Credits | 221000 | 1235961 | 1235961 | |
| NDSBIC K-1 | 230000 | -85 | -85 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 39230936 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 361045 | TotalRevenueColumn |
| Exclusion | $361,045 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16287 | TotalRevenueColumn |
| Exclusion | $16,287 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1188 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2256 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -1068 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1068 | TotalRevenueColumn |
| Exclusion | -$1,068 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 457 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 21 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -21 | Securities |
| Other | 457 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 436 | TotalRevenueColumn |
| Exclusion | $436 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 185 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 185 | TotalRevenueColumn |
| Related Or Exempt Function Income | 185 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39607821 | TotalRevenueColumn |
| Related Or Exempt Function Income | 39231206 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -85 | UnrelatedBusinessRevenue |
| Exclusion | $376,700 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12452 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7627169 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 412446 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2218491 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 607653 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136107 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 533607 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 585490 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3406705 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Cost of Power | 22703831 |
| Distribution | 2832718 |
| Admin & General | 1026049 |
| Customer Accts & Servic | 394419 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -3265659 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39231478 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1976372 | BOY |
| EOY | 1766960 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3975164 | BOY |
| EOY | 185360 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5243458 | BOY |
| EOY | 6294194 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 4441580 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1221130 | BOY |
| EOY | 1887006 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115586 | BOY |
| EOY | 83396 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 121781929 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 54746556 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45256212 | BOY |
| EOY | 67035373 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11252441 | BOY |
| EOY | 12813951 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190 | BOY |
| EOY | 190 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69040553 | BOY |
| EOY | 94508010 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2672715 | BOY |
| EOY | 6210550 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1045 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1660911 | BOY |
| EOY | 16328286 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8756640 | BOY |
| EOY | 8542327 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13090266 | BOY |
| EOY | 31082208 | 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 | 18719560 | BOY |
| EOY | 25796165 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37230727 | BOY |
| EOY | 37629637 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55950287 | BOY |
| EOY | 63425802 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69040553 | BOY |
| EOY | 94508010 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 376343 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7099172 | ReconcilationOtherChanges |
| 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 | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 714348 | OtherCostOrOtherBasis |
| Book Value | 714348 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1539735 | OtherCostOrOtherBasis |
| Depreciation | 1079578 | Depreciation |
| Book Value | 460157 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 94129339 | OtherCostOrOtherBasis |
| Depreciation | 53666978 | Depreciation |
| Book Value | 40462361 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 25398507 | OtherCostOrOtherBasis |
| Book Value | 25398507 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 67035373 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Patronage Capital Credits - Power Suppliers | 11364431 | C |
| Investment in ND Small Business Dev Ptshp | 3763 | C |
| CFC Investment | 68009 | C |
| Patronage Capital Credits - Other Assoc. Companies | 377748 | C |
| Special Funds - Reserved Cash | 1000000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 12813951 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deferred Credits | $5,425,802 |
| Post-Retirement Benefit Obligations | $27,103 |
| Power Cost Reserve | $3,089,422 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8542327 | TotalOfAmounts |
| Total Revenue | 39607821 | TotalRevenue |
| Total Expenses | 39231478 | TotalExpenses |
| Excess Or Deficit For Year | 376343 | ExcessOrDeficitForYear |
| Other | $7,099,172 | OtherAmount |
| Total Adjustments | 7099172 | TotalAdjustments |
| Excess Or Deficit Per FS | 7475515 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 39594642 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -13005 | OtherRevenues |
| Revenue Not Rptd F990 | -13005 | RevenueNotRptdF990 |
| Revenue Subtotal | 39607647 | RevenueSubtotal |
| Other Revenues Not Included | 174 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 174 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39607821 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31591304 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 31591304 | ExpensesSubtotal |
| Other Expenses Not Included | 7640174 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7640174 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 39231478 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | The members of the Cooperative can elect to round up their monthly electric bill to the next dollar. These funds collected from the membership are held in a Cooperative account until they are released to the McKenzie Electric Operation Roundup, Inc. These funds are transferred directly to the Operation Round Up on a monthly basis. Funds that exist at the end of year are a result of a timing difference in the receipt of the funds and the release of them to the Operation Round Up. For the year ended December 31, 2011 the account held $1,045. | |
| Part X: | The Cooperative is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code. The Cooperative has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10. Implementation resulted in no cumulative effect adjustment to retained earnings as of the date of adoption. The Cooperative had no unrecognized tax benefits as of December 31, 2011 and 2010. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such penalties and interest are incurred. Under normal circumstances, the Cooperative is no longer subject to Federal and State tax examinations by tax authorities for years before 2008. The Cooperative undergoes an annual analysis of its various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities, as defined by ASC 740-10. | Description of Uncertain Tax Positions Under FIN 48: |
| Retired Capital -550,564. North Dakota Small Bus. Investment Co K-1 Income -174. Donated Capital Credits 1. Patronage Capital Credits Allocated During Current Year 7,627,169. Retired Capital Credits Gain 22,740. Total to Schedule D, Part XI, Line 8: 7,099,172. | Part XI, Line 8 - Other Adjustments: | |
| Expenses Included in Revenue on Financial Statements -13,005. | Part XII, Line 2d - Other Adjustments: | |
| North Dakota Small Bus. Investment Co K-1 Income 174. | Part XII, Line 4b - Other Adjustments: | |
| Patronage Capital Credits Allocated During Current Year 7,627,169. Expenses Included in Revenue on Financial Statements 13,005. | Part XIII, Line 4b - Other Adjustments: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Benefit Fund of the McKenzie County Healthcare Systems | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 709 4th Ave NE | AddressLine1 |
| City | Watford City | City |
| State | ND | State |
| ZIP Code | 58854 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 363431210 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
| Purpose Of Grant | Wellness Center Project | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Board of Directors reviews community projects that are in need of financial assistance. They vote on the projects that are chosen each year and ensure they are for charitable purposes. In 2011, the Benefit Fund of the McKenzie County Healthcare Systems approached them for support for their building project of a community wellness center. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| 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 | John Skurupey | NamePerson |
| Base Compensation Filing Org | 131383 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 779 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 25557 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 1532 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 159251 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | The spouse of Tim Wasem was provided airfare to attend a company function. This is a benefit of the Board of Directors. | |
| Part III | Included in column "C", Retirement and Other Deferred Compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for John Skurupey is $22,897. This amount is an estimate in the increase of the value of the plan and is not a current year expense of the Cooperative. The current year expense for this defined benefit plan was $48,589. | Supplemental Information |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | Each Member has one vote. | |
| Form 990, Part VI, Section A, line 7a | Members elect the Board of Directors. | |
| Form 990, Part VI, Section A, line 7b | Changes to the By-Laws are subject to the approval of the Members. | |
| Form 990, Part VI, Section A, line 8b | There are no committees with the authority to act on behalf of the full governing body. | |
| Form 990, Part VI, Section B, line 11 | The Form 990 was presented at the August 2012 board meeting. The CEO and Business Manager reviewed the Form 990 prior to it being presented to the Board. | |
| Form 990, Part VI, Section B, line 12c | Prior to becoming a Board Member, an individual must disclose any potential conflicts. A nominating committee determines if any of the disclosures by a prospective candidate represent a conflict. Board Members are required to disclose any conflicts that arise during their tenure. Annually there is a discussion when the Board is asked to complete the relationship letters which are completed for the Form 990. The CEO is subject to the same Conflict of Interest Policy as he is a Corporate Officer. | |
| Form 990, Part VI, Section B, line 15 | The process for determining the compensation for the CEO and Business Manager includes the review of state wide salary data through NDAREC and consulting, as needed, by the NRECA consulting service. Compensation for all management positions and union contracts are approved by the Board. The process for the CEO takes place annually in the month of May. The process for the Business Manager takes place annually in the month of August. | |
| Form 990, Part VI, Section C, line 19 | The financial statements are presented at the annual meeting held by McKenzie Electric Cooperative, and they are also in the Dakota Living Magazine. Copies of the governing documents, conflict of interest policy, and financial statements are available upon request. | |
| Form 990, Part VII, Section A, Column (F) | Included in column "F", Estimated Amount of Other Compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for John Skurupey is $22,897 and for Tim Melby is $11,859. These amounts are estimates in the increase of the value of the plan and are not current year expenses of the Cooperative. The current year expense for this defined benefit plan was $48,589 and $18,107, respectively for these individuals. | Compensation Of Officers |
| Form 990, Part VII | John Skurupey devotes less than three hours per year to the related organization and Tim Melby devotes less than one hour per year to the related organization. The board members collectively devote less than one hour per year to the related organization. | |
| Form 990, Part IX, Allocated Costs, Line 24e | The labor, pension and payroll taxes reported on lines 5-10 are already included in distribution expense, administrative & general expense and customer expense. Therefore, these amounts are being subtracted out as an other deduction on line 24e in the amount of $(3,374,697). | Allocated Costs |
| Form 990, Part IX, Line 4 | 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 Bylaws of the Cooperative. | Benefits Paid to Members |
| Form 990, Part XI, line 5: | Retired Capital -550,564. North Dakota Small Bus. Investment Co K-1 Income -174. Donated Capital Credits 1. Patronage Capital Credits Allocated During Current Year 7,627,169. Retired Capital Credits Gain 22,740. Total to Form 990, Part XI, Line 5: 7,099,172. | Changes in Net Assets or Fund Balances: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McKenzie Electric Operation Roundup Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 649 | AddressLine1 |
| City | Watford City | City |
| State | ND | State |
| ZIP Code | 588540649 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311681245 | EIN |
| Primary Activities | Charitable Purposes | PrimaryActivities |
| Legal Domicile State | ND | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 7 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McKenzie Electric Cooperative Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | 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 | 1 | 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 | 0 | 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 | McKenzie Electric Operation Roundup | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | K | TransactionType |
| Method Of Amt Determination | General Ledger | MethodOfAmtDetermination |