CAM WAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CAM WAL ELECTRIC COOPERATIVE INC (EIN 46-0217251)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-31
- IRS object ID
- 201142439349300004
- Schema version
- 2010v3.4
- 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 | 2011-08-31T08:51:03-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 ST 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 | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460217251 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAM WAL ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CAMW | NameControl |
| Phone | 6056497676 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 135 | AddressLine1 |
| City | SELBY | City |
| State | SD | State |
| ZIP Code | 57472 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF BONN | Name |
| Title | GENERAL MANAGER | Title |
| Phone | 6056497676 | Phone |
| Date Signed | 2011-08-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURIE HANSON | Name |
| Phone | 6053391999 | Phone |
| Date Prepared | 2011-08-22 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 VAN BEEK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 135 | AddressLine1 |
| City | SELBY | City |
| State | SD | State |
| ZIP Code | 57472 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5655446 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CAM-WALNET.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | SD | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE LOW COST, SAFE, RELIABLE POWER TO ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 18 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 19266 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 2134 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4830862 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5179108 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 122180 | InvestmentIncomePriorYear |
| Investment Income Current Year | 75111 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 29644 | OtherRevenuePriorYear |
| Other Revenue Current Year | 19862 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4982686 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5274081 | 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 | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 942690 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1178043 | 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 | 3439682 | OtherExpensePriorYear |
| Other Expenses Current Year | 3502154 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4382372 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4680197 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 600314 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 593884 | RevenuesLessExpensesCY |
| Total Assets BOY | 13129941 | TotalAssetsBOY |
| Total Assets EOY | 17076217 | TotalAssetsEOY |
| Total Liabilities BOY | 6480451 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9961658 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6649490 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 7114559 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE LOW COST, SAFE, RELIABLE POWER TO ITS MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,550 MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| 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 | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | 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 | 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 | 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 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 18 | 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 |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Gross Income From Members | 5015140 | GrossIncomeFromMembers |
| Gross Income Other Sources | 534185 | 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 | 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 | JEFF BONN | NamePerson |
| Telephone Number | 6056497676 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 135 | AddressLine1 |
| City | SELBY | City |
| State | SD | State |
| ZIP Code | 57472 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JOHN VAN BEEK | ||||||
| PRESIDENT | 5.00 | X | X | 5745 | 0 | 0 |
| JOHN LITZEN | ||||||
| VICE PRESIDENT | 5.00 | X | X | 5635 | 0 | 0 |
| KENNETH BROCKEL | ||||||
| SECRETARY-TREASURER | 5.00 | X | X | 5010 | 0 | 0 |
| ROBERT SEYER | ||||||
| ASST. SECRETARY-TREASURER | 5.00 | X | X | 5635 | 0 | 0 |
| MONTY HARER | ||||||
| DIRECTOR | 5.00 | X | 5390 | 0 | 0 | |
| RICHARD WENDT | ||||||
| DIRECTOR | 5.00 | X | 3185 | 0 | 0 | |
| DUANE ZABEL | ||||||
| DIRECTOR | 5.00 | X | 2450 | 0 | 0 | |
| DWIGHT ROSSOW | ||||||
| DIRECTOR | 5.00 | X | 4165 | 0 | 0 | |
| ROBERT RAUSCH | ||||||
| DIRECTOR | 5.00 | X | 3675 | 0 | 0 | |
| JEFF BONN | ||||||
| GENERAL MANAGER | 40.00 | X | 93247 | 0 | 28624 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 134137 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 28624 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | 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 |
|---|---|---|---|---|---|
| LARSON DIGGING | |||||
| 1141 DAKOTA AVENUE | HURON | SD | 57350 | REPAIR SYSTEM FROM STORM | 485516 |
| LAKE STATES CONSTRUCTION | |||||
| 25172 COMMERCIAL DRIVE | GRAND RAPIDS | MN | 55744 | REPAIR SYSTEM FROM STORM | 379797 |
| MIDWEST POWER INC | |||||
| 7516 BROOK LOOP | BISMARCK | ND | 58503 | REPAIR SYSTEM FROM STORM | 339494 |
| MICHELS POWER | |||||
| PO BOX 15059 | TURNWATER | WA | 98511 | REPAIR SYSTEM FROM STORM | 273335 |
| PRIME POWER & COMMUNICATIONS | |||||
| PO BOX 1187 | POWELL | WY | 82435 | REPAIR SYSTEM FROM STORM | 170000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| ELECTRICITY SALES | 221000 | 4881869 | 4881869 | |
| OTHER | 221000 | 169517 | 169517 | |
| COOP CAPITAL CREDITS | 221000 | 106121 | 106121 | |
| MAINSTREET MESSENGER | 541900 | 21601 | 4321 | 17280 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5179108 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 75111 | TotalRevenueColumn |
| Exclusion | $75,111 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 401227 | GrossSalesOfInventory |
| Cost Of Goods Sold | 381365 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19862 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17876 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1986 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5274081 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5179704 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 19266 | UnrelatedBusinessRevenue |
| Exclusion | $75,111 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171021 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 794047 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 145097 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67878 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 405045 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 538084 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 2556787 |
| GENERAL AND ADMIN. | 344726 |
| DIST. EXP. - OPERATION | 171324 |
| UNRELATED BUSINESS TAX | 1200 |
| ALLOCATED AND OTHER | -515012 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4680197 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 735815 | BOY |
| EOY | 155589 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 245906 | BOY |
| EOY | 514477 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386862 | BOY |
| EOY | 769059 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69984 | BOY |
| EOY | 89321 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 23583443 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10187475 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9623848 | BOY |
| EOY | 13395968 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30537 | BOY |
| EOY | 34106 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2034845 | BOY |
| EOY | 2115553 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2144 | BOY |
| EOY | 2144 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13129941 | BOY |
| EOY | 17076217 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 539331 | BOY |
| EOY | 558090 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5663110 | BOY |
| EOY | 6126303 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221214 | BOY |
| EOY | 3250000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56796 | BOY |
| EOY | 27265 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6480451 | BOY |
| EOY | 9961658 | 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 | 6649490 | BOY |
| EOY | 7114559 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6649490 | BOY |
| EOY | 7114559 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13129941 | BOY |
| EOY | 17076217 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 593884 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -128815 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 40311 | OtherCostOrOtherBasis |
| Book Value | 40311 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 638679 | OtherCostOrOtherBasis |
| Depreciation | 441232 | Depreciation |
| Book Value | 197447 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18602207 | OtherCostOrOtherBasis |
| Depreciation | 9746243 | Depreciation |
| Book Value | 8855964 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4302246 | OtherCostOrOtherBasis |
| Book Value | 4302246 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13395968 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS IN ASSOCIATED ORG | Description |
| Book Value | 2115553 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 2115553 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED CREDITS | $19,265 |
| CUSTOMER DEPOSITS | $8,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 27265 | TotalOfAmounts |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL CONSUMERS WHO HAVE SIGNED A MEMBERSHIP FORM AND ARE USING ELECTRICITY PROVIDED BY THE ORGANIZATION ARE MEMBERS OF THE COOPERATIVE UNTIL POWER IS DISCONNECTED. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL CLASSES OF CONSUMERS THAT HAVE A PERMANENT RESIDENCE IN THE CAM WAL TERRITORY ARE ELIGIBLE TO VOTE IN THE ELECTION OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL BYLAW CHANGES OF THE COOPERATIVE MUST BE VOTED ON BY MEMBERS AT THE ANNUAL MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE BOARD HAS NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE REVIEWED AT THE MONTHLY BOARD MEETING PRIOR TO ITS FILING. | |
| THE CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD OF DIRECTORS AND THE MANAGER. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND REVIEWS SAID CONFLICTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE PERSON INVOLVED WOULD POTENTIALLY BE REMOVED FROM THE BOARD AND/OR THEIR EMPLOYMENT MAY BE TERMINATED, DEPENDING ON THE NATURE OF THE CONFLICT. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE GOVERNING BODY COMPARES DATA WITH COMPENSATION SURVEYS ON SIMILAR POSITIONS IN SOUTH DAKOTA. THE PROCESS FOR DETERMINING COMPENSATION WAS UNDERTAKEN IN 2010. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | RETIREMENTS OF CAPITAL CREDITS -156,699. GAIN ON RETIRED CAPITAL CREDITS 27,884. TOTAL TO FORM 990, PART XI, LINE 5: -128,815. | FORM 990, PART XI, LINE 5: |
| THE ORGANIZATIONS FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON THE ORGANIZATIONS FISCAL YEAR ENDING MARCH 31. THE MOST RECENT AUDIT WAS COMPLETED FOR THE FISCAL YEAR ENDED MARCH 31, 2011. | FORM 990, PART XI, LINE 2B | |
| 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 VII, COLUMN F, OTHER COMPENSATION: |
| ALLOCATED AND OTHER EXPENSE | 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. | FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: |