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    <Timestamp>2011-08-25T11:25:17-05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
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        <BusinessNameLine1>Schmidt and Company LLC</BusinessNameLine1>
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        <City>Blue Springs</City>
        <State>MO</State>
        <ZIPCode>64015</ZIPCode>
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        <BusinessNameLine1>OSAGE VALLEY ELECTRIC COOPERATIVE</BusinessNameLine1>
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        <AddressLine1>PO BOX 470</AddressLine1>
        <City>Butler</City>
        <State>MO</State>
        <ZIPCode>64730</ZIPCode>
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      <DateSigned>2011-08-25</DateSigned>
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    <Preparer>
      <Name>Roger Schmidt Jr</Name>
      <Phone>8162290277</Phone>
      <DatePrepared>2011-08-25</DatePrepared>
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        <ProgramServices>39014</ProgramServices>
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        <ProgramServices>6611</ProgramServices>
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      <InvestmentsProgramRelated>
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      <InvestmentsProgramRelated>
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        <MethodOfValuation>C</MethodOfValuation>
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      <GeneralExplanation>
        <Identifier>01. Members or stockholder classes and rights (Part VI, line 6)</Identifier>
        <Explanation>Member owned electric cooperative</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>02. Member election for additional members (Part VI, line 7a)</Identifier>
        <Explanation>Each member of the cooperative shall be entitled to vote in the election of the board of directors Board consists of 9 directors who are elected by the membership</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>03. Form 990 governing body review (Part VI, line 11)</Identifier>
        <Explanation>Board Management and paid preparer review drafts of form 990 prior to efiling Board reviews annual filings at monthly meetings</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>04. Conflict of interest policy compliance (Part VI, line 12c)</Identifier>
        <Explanation>Board of directors and Management review policies annually at board meetings Employees sign review roster</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>05. CEO, executive director, top management comp (Part VI, line 15a)</Identifier>
        <Explanation>The Board of Directors annually review and evaluate the Managers performance and establish compensation level for Manager Data concerning compensation is gathered using NRECA wage surveys and comparing like-cooperatives in the region</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>06. Other officer or key employee compensation (Part VI, line 15b</Identifier>
        <Explanation>Manager reviews and evaluates performance of all other staff and establishes compensation levels for those staff in accordance with budgeted amounts and NRECA wage surveys Wages are presented to the Board of Directors by Manager</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>07. Governing documents, etc, available to public (Part VI, line 19)</Identifier>
        <Explanation>Governing documents and financial statements are made available to the public upon request</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>08. Explanation of other changes in net assets or fund balances (Part XI, line 5)</Identifier>
        <Explanation>Other changes in net assets include changes in memberships donated capital capital credits gain and patrons capital credits during the year</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="990R">
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>OSAGE VALLEY TECHNOLOGIES LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>1321 N ORANGE</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>647300151</ZIPCode>
        </AddressUS>
        <EIN>141876332</EIN>
        <PrimaryActivity>TELECOMMUNICATIONS</PrimaryActivity>
        <LegalDomicileState>MO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>S Corp</TypeOfEntity>
      </Form990ScheduleRPartIV>
    </IRS990ScheduleR>
  </ReturnData>
</Return>