2011-10-17T10:51:17-05:00 2010-12-31 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2010-01-01 410128105 CONNEXUS ENERGY CONN 7633232600 14601 RAMSEY BOULEVARD RAMSEY MN 55303 MICHAEL BASH 7633232600 2011-10-17 1 LAURIE HANSON 6053391999 2011-10-17 2010 2016-03-07 17:11:31Z MIKE RAJALA 14601 RAMSEY BOULEVARD RAMSEY MN 55303 231254287 0 X WWW.CONNEXUSENERGY.COM X 1937 MN PROVIDING UTILITY SERVICES TO MEMBERS. 9 7 276 0 1865915 -61588 0 0 219820268 229879803 1032715 881728 419079 345146 221272062 231106677 369565 302687 0 0 22104741 22655062 0 0 0 187281778 199595079 209756084 222552828 11515978 8553849 321988541 329637831 186130184 189068708 135858357 140569123 COMMITTED TO CUSTOMER SATISFACTION THROUGH SERVICE, LEADERSHIP, AND INVOLVEMENT. 0 0 CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 125,000 CUSTOMERS IN SEVEN COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN. 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 105 0 276 1 1 1 0 0 0 0 223163669 5269948 0 X 9 7 1 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X NANCY BASARA 7633232731 14601 RAMSEY BOULEVARD RAMSEY MN 55303 X PETER WOJCIECHOWSKI 21.00 X X 51534 0 0 JIM LEROUX 12.00 X X 46581 0 0 FRAN BATOR 13.00 X X 46821 0 0 KEN FIERECK 14.00 X X 46581 0 6935 LAURIE KERR DECEASED 12.00 X 7755 0 0 DERALD EWING 12.00 X 46581 0 0 DON JACOBSON 12.00 X 46581 0 0 DONALD HOLL 15.00 X 28581 0 18045 JAY CAIN 12.00 X 15510 0 0 MARK ETHEN 12.00 X 46581 0 0 MICHAEL KERR 10.00 X 19438 0 0 MIKE RAJALA 40.00 X 506659 0 596921 MICHAEL BASH 40.00 X 366515 0 140923 MATT YSETH 40.00 X 281734 0 73397 JOHN GASAL 40.00 X 274046 0 92606 PETE MILLER 40.00 X 277609 0 60457 DON HALLER 40.00 X 203742 0 46846 TAMARA GREGORY 40.00 X 149365 0 50570 AL FERBER 40.00 X 174583 0 48577 NANCY BASARA 40.00 X 157029 0 38569 PAUL ORNDORFF 40.00 X 135828 0 39096 LARRY NELSON 40.00 X 131626 0 38513 3061280 0 1251455 52 0 1 0 ASPLUNDH 708 BLAIR MILL ROAD WILLOW GROVE PA 190901784 TREE TRIMMING SERVICES 1028653 RP SCHROEDER CONSTRUCTION 18329 263RD AVE BIG LAKE MN 55309 CONSTRUCTION SERVICES 865874 WRIGHT TREE SERVICE PO BOX 1718 DES MOINES IA 50306 TREE TRIMMING SERVICES 469530 JORDAN TRANSFORMER 1000 SYNDICATE STREET JORDAN MN 55352 TRANSFORMER REBUILD 412140 CARR'S TREE SERVICE PO BOX 250 OTTERTAIL MN 56571 TREE TRIMMING SERVICES 408672 15 SALE OF ELECTRICITY 221000 220781699 220781699 GEN & TRANS CAP CREDIT 221000 5944328 5944328 UTILITY/RETAIL/FLEET 221000 2103253 237126 1866127 OTHER 221000 1050523 1050523 229879803 872431 -212 872643 345146 345146 345146 345146 31612 125295 83853 63757 -52241 61538 9297 9297 231106677 228013676 1865915 1227086 302687 2551649 14794114 2054028 1942307 1312964 142452 107370 940348 337763 1043657 1157681 562010 274412 34140 7142216 9976016 531462 COST OF POWER 165990162 PROP. & REAL ESTATE TAX 4072686 OTHER 3468329 ELECTRIC OPERATIONS 2986185 CONTRACT LABOR 828190 222552828 95647 1300 268519 26737 27747955 29069102 786 225 547345 270218 2272194 2531005 851351 665571 289300788 95940145 194032243 193360643 9739370 9786141 75923696 82329578 10509435 11597311 321988541 329637831 15609198 16409163 126178273 128489871 7084100 5337000 37258613 38832674 186130184 189068708 X 0 0 0 0 135858357 140569123 135858357 140569123 321988541 329637831 X 8553849 -3843083 X 0 1 1 X 0 1930735 1930735 14246340 4132982 10113358 273123713 91807163 181316550 193360643 INVESTMENTS IN ASSOCIATED COMPANIES 82329578 C 82329578 CUSTOMER DEPOSITS 865319 DEFERRED CREDITS 11857718 PAYABLE TO GREAT RIVER ENERGY 26109637 38832674 231106677 222552828 8553849 -3843083 -3843083 4710766 231106677 0 231106677 0 231106677 222552828 0 222552828 0 222552828 PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -4,057,155. APPROPRIATED MARGINS 214,072. 1 ANOKA TECHNICAL COLLEGE 1355 WEST HWY 10 ANOKA MN 55303 416008267 20000 GENERAL DONATION INITIATIVE FOUNDATION 405 FIRST ST SE LITTLE FALLS MN 56345 363451562 501(C)(3) 10000 DONATION TO FOUNDATION. - GENERAL MERCYUNITY HOSPITAL 550 OSBORNE RD FRIDLEY MN 55432 363261413 501(C)(3) 10280 DONATION TO FOUNDATION. - GENERAL UNITED WAY OF MPLS AREA 404 S 8TH STREET MINNEAPOLIS MN 55404 410693852 501(C)(3) 18840 MATCH EMPLOYEE CONTRIBUTIONS NATIONAL SPORTS CENTER 1700 105TH AVENUE NE BLAINE MN 55449 411646516 501(C)(3) 80000 OTHER IN-KIND ELECTRICITY GENERAL DONATION ANOKA COUNTY DEPARTMENT OF PARKS AND RECREATION 550 BUNKER LAKE BLVD ANDOVER MN 55304 416005752 25000 GENERAL DONATION MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE DEVELOPMENT FOUNDATION 81 S 9TH STREET SUITE 200 MINNEAPOLIS MN 554020949 410414520 501(C)(3) 5000 GENERAL DONATION RACHEL'S CHALLENGE PO BOX 631698 LITTLETON CO 80163 841557094 501(C)(3) 17480 GENERAL DONATION ANOKA COUNTY WILDLIFE OUTREACH 7701 MAIN STREET LINO LAKES MN 55038 416005752 25000 GENERAL DONATION TREE TRUST 2231 EDGEWOOD AVE S ST LOUIS PARK MN 55426 411291626 501(C)(3) 5000 GENERAL DONATION 7 3 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE TOTAL AMOUNT OF CONTRIBUTIONS PLANNED FOR A YEAR IS APPROVED BY THE BOARD AS A PART OF OUR ANNUAL PROFIT PLANNING PROCESS. INDIVIDUAL CONTRIBUTIONS ARE APPROVED AND SUBSTANTIATED FOLLOWING OUR NORMAL PAYMENT APPROVAL PROCESS. 1 X X X X 0 1 0 MIKE RAJALA 368913 0 120794 0 16952 0 579318 0 17603 0 1103580 0 0 0 MICHAEL BASH 267808 0 78749 0 19958 0 121385 0 19538 0 507438 0 0 0 MATT YSETH 203300 0 60366 0 18068 0 53360 0 20038 0 355132 0 0 0 JOHN GASAL 197935 0 58507 0 17604 0 76162 0 16445 0 366653 0 0 0 PETE MILLER 200663 0 59249 0 17697 0 43280 0 17177 0 338066 0 0 0 DON HALLER 153611 0 37473 0 12658 0 28587 0 18405 0 250734 0 0 0 TAMARA GREGORY 116460 0 19192 0 13713 0 29182 0 21388 0 199935 0 0 0 AL FERBER 149161 0 23584 0 1838 0 33272 0 15305 0 223160 0 0 0 NANCY BASARA 135482 0 20417 0 1130 0 19681 0 18888 0 195598 0 0 0 PAUL ORNDORFF 115168 0 18519 0 2141 0 20058 0 19038 0 174924 0 0 0 LARRY NELSON 112909 0 17561 0 1156 0 28748 0 9765 0 170139 0 0 0 PART I, LINE 4B THE FOLLOWING OFFICERS, DIRECTORS, AND HIGHEST COMPENSATED EMPLOYEES PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN: INVESTMENT GAINS IN COLUMN C MICHAEL RAJALA $ 5,055 MICHAEL BASH 57,187 MATTHEW YSETH 13,499 PETE MILLER 8,812 JOHN GASAL 14,398 TAMARA GREGORY 5,021 KENNETH FIERECK 6,935 DON HOLL 45 LARRY NELSON COMPUTER PURCHASE X 2197 225 0 1 1 225 GREAT RIVER ENERGY DON HOLL IS A DIRECTOR FOR GREAT RIVER ENERGY AND CONNEXUS ENERGY 166325498 CONNEXUS ENERGY PURCHASES POWER FROM GREAT RIVER ENERGY AND IS A MEMBER 0 GREAT RIVER ENERGY JIM LEROUX IS A DIRECTOR FOR GREAT RIVER ENERGY AND CONNEXUS ENERGY 166325498 CONNEXUS ENERGY PURCHASES POWER FROM GREAT RIVER ENERGY AND IS A MEMBER 0 FEDAC MIKE RAJALA - DIRECTOR OF FEDAC AND CARR'S TREE AND CEO OF CONNEXUS ENERGY 408672 CARR'S TREE SERVICE PROVIDES TREE TRIMMING SERVICES TO THE COOPERATIVE. FEDAC IS THE 100% OWNER OF CARR'S TREE SERVICE. 0 FORM 990, PART VI, SECTION A, LINE 2 DON HOLL AND JIM LEROUX HAVE A BUSINESS RELATIONSHIP AS THEY BOTH REPRESENT CONNEXUS ENERGY ON THE GREAT RIVER ENERGY BOARD. GREAT RIVER ENERGY IS OUR POWER SUPPLIER AND CONNEXUS ENERGY, AS ONE OF ITS MEMBERS, OWNS APPROXIMATELY 20% OF GRE. MICHAEL KERR AND LAURIE KERR(DECEASED) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO CLARIFY THAT IT IS THE BOARD OF DIRECTORS WHO DETERMINES IF A PERSON OR ENTITY BECOMES A MEMBER BY PURCHASING PRODUCTS OR SERVICES OTHER THAN ELECTRICITY FROM THE COOPERATIVE. OTHER AMENDMENTS MODIFIED THE QUALIFICATIONS TO BECOME A DIRECTOR, THE NUMBER OF SIGNATURES AND THE TIMEFRAME TO BE NOMINATED BY PETITION. FORM 990, PART VI, SECTION A, LINE 6 CUSTOMERS WHO PURCHASE ELECTRICITY FROM THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE. THERE IS ONLY ONE MEMBER CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY SELL THE PROPERTY OF THE COOPERATIVE UPON SUCH TERMS AND CONDITIONS AS IT DEEMS APPROPRIATE AND IN THE BEST INTERESTS OF THE COOPERATIVE. NO SALE OF MORE THAN TWENTY-FIVE (25%) PERCENT OF THE PROPERTY OF THE COOPERATIVE SHALL BE EFFECTIVE, HOWEVER, UNLESS AUTHORIZED AT A REGULAR OR SPECIAL MEETING BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 INFORMATION RETURN IS MAILED TO BOARD MEMBERS A WEEK BEFORE THE BOARD MEETING. IT IS REVIEWED WITH THE ENTIRE BOARD OF DIRECTORS AND SENIOR STAFF AT THE BOARD MEETING, PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS SIGN A CERTIFICATION THAT THEY MEET THE QUALIFICATIONS OF A BOARD MEMBER. THIS CERTIFICATION INCLUDES CONFLICT OF INTEREST LANGUAGE. IF A BOARD MEMBER STATES ON THE CERTIFICATION THAT THERE IS A CONFLICT, THE ENTIRE BOARD WILL REVIEW THE CONFLICT AT THAT TIME. RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT WOULD BE DEPENDENT UPON THE SPECIFIC SITUATION, AND MAY INCLUDE ABSTAINING FROM DISCUSSIONS AND VOTING AND/OR A REQUEST FOR RESIGNATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON MARKET DATA FOR SIMILAR POSITIONS AT COMPARABLE COMPANIES. A MARKET STUDY WAS COMPLETED IN 2010 FOR THE CEO AND 2009 FOR OTHER COOPERATIVE OFFICERS. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE PREVIOUS 5 YEARS ARE AVAILABLE ON OUR WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. 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 EMPLOYEES OF THE COOPERATIVE. 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 ACTUARY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -4,057,155. APPROPRIATED MARGINS 214,072. TOTAL TO FORM 990, PART XI, LINE 5: -3,843,083.