2023-10-31T17:27:13-05:00 2022-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2022-01-01 930209125 LANE ELECTRIC COOPERATIVE INC LANE 5414841151 787 BAILEY HILL RD EUGENE OR 97402 DEBORA D WILSON GENERAL MANAGER 5414841151 2023-10-30 1 DEBORA WILSON XXX-XX-XXXX 0 RYAN M JOHNSON CPA P01048788 5035857774 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBORA D WILSON 787 BAILEY HILL RD EUGENE OR 97402 29310838 0 X WWW.LANEELECTRIC.COM X 1939 OR PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS. 7 7 47 0 0 0 0 0 27837519 28985238 74633 42378 220498 265534 28132650 29293150 18500 12000 2660025 2387899 564241 1819251 0 0 0 24609568 24766088 27852334 28985238 280316 307912 79862417 84464864 43572398 46016335 36290019 38448529 PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS. 0 0 28985238 29062547 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS THROUGH WHOLESALE PURCHASE OF POWER, MAINTENANCE OF TRANSMISSION AND DISTRIBUTION FACILITIES AS WELL AS OVERALL OPERATION ACTIVITIES. 28985238 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 95 0 47 1 0 0 0 0 0 0 0 28272472 4055055 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 OR X KARL RAMSEY 5414841151 787 BAILEY HILL RD EUGENE OR 97402 SUSAN KNUDSEN OBERMEYER PRESIDENT 13.00 X X 20575 0 0 KATHY KEABLE VICE PRESIDENT 10.00 X X 14100 0 0 HUGH BEURMANN DIRECTOR 1.00 X 1700 0 0 CHRISTOPHER SEUBERT SEC/TREASURER 3.00 X X 16700 0 0 JACK BILLINGS DIRECTOR 4.00 X 3700 0 0 PAULA BROWN DIRECTOR 8.00 X 18475 0 0 JEANETTE I KESSLER DIRECTOR 18.00 X 17975 0 0 JOY OLGYAY DIRECTOR 4.00 X 8750 0 0 KRIS MARTES DIRECTOR 3.00 X 5850 0 0 DEBORA WILSON GENERAL MANAGER 59.00 X 262372 0 14213 ANTHONY TONCRAY OPERATIONS MANAGER 42.00 X 227035 0 41405 TRAVIS LARSEN FOREMAN 53.00 X 198849 0 59077 HERB ANDERSON SERVICEMAN 50.00 X 177294 0 74176 JEFFREY DAU LINE FOREMAN 53.00 X 204186 0 75394 BRIAN MATTIE SERVICEMAN 48.00 X 161704 0 63776 SIAOSI PANAPA SERVICEMAN 47.00 X 152282 0 72823 1491547 0 400864 26 0 1 0 PROFESSIONAL UNDERGROUND 90185 ZUMWALT ST EUGENE OR 97402 EXCAVATING 1449658 JENSEN'S TREE SERVICE 4752 MOUNT REUBEN RD GLENDALE OR 97442 ROW MAINTENANCE 1245586 ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 22031 GRANT MANAGEMENT 993801 ASPLUNDH TREE EXPERT INC 10985 SW CLUTTER RD SHERWOOD OR 97140 ROW MAINTENANCE 906768 HIGHER GROUND LINE BUILDERS LLC 2855 GAME FARM RD SPRINGFIELD OR 97477 CONSTRUCTION 435538 9 OPERATING REVENUE 221000 28797013 28797013 POLE RENTAL 221000 188225 188225 28985238 34397 34397 25669 17688 7981 7981 7981 PATRONAGE DIVIDENDS 221000 234228 234228 GAIN (LOSS) POST-RET BENEFITS 221000 22798 22798 NONOPERATING INCOME 221000 8508 8508 265534 29293150 29062547 0 230603 X 12000 2387899 652850 1131736 34665 1297371 2755168 PURCHASED POWER EXPENSE 10805595 TRANSMISSION AND DISTRI 5858926 CUSTOMER AND MEMBER SER 1931002 GENERAL AND ADMINITRATI 1124248 993778 28985238 7543 237938 313242 8460611 10464369 1393578 1807417 536150 538196 101212592 34806562 64435532 66406030 3747337 3886447 1043728 1049163 79862417 84464864 7503882 9462243 34471080 34865220 1597436 1688872 43572398 46016335 X 2784574 2784574 0 0 33505445 35663955 36290019 38448529 79862417 84464864 X 307912 1850598 X 0 1 X 1 1 1 338198 338198 8548427 3385432 5162995 92325967 31421130 60904837 66406030 OTHER DEFERRED CREDITS 1688872 1688872 X 29293150 0 29293150 0 29293150 26597339 0 26597339 2387899 2387899 28985238 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THERE WERE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS REALTED TO UNCERTAIN TAX POSITIONS IN 2022 OR 2021. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES BEFORE 2016. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO OR FOR MEMBER 1 EDUCATIONAL GRANTS 4 12000 SCHEDULE I, PART III EDUCATIONAL GRANTS ARE BUDGETED ANNUALLY AND AWARDED THROUGH AN INTERVIEW PROCESS BY A SCHOLARSHIP COMMITTEE. RECIPIENTS ARE ELIGIBLE FOR THE AWARDED FUNDS BY ENROLLING IN THE DESIGNATED PROGRAM. DISTRIBUTIONS ARE MADE DIRECTLY TO THE APPROPRIATE INSTITUTION UPON VERIFICATION OF ENROLLMENT. UNCLAIMED FUNDS ARE RETURNED TO THE COOPERATIVE AND MAY OR MAY NOT BE RE-AWARDED AT THE BOARD'S DISCRETION. X X 0 1 0 JEFFREY DAU LINE FOREMAN 203352 0 0 0 834 0 59039 0 16355 0 279580 0 0 0 DEBORA WILSON GENERAL MANAGER 255659 0 0 0 6713 0 4669 0 9544 0 276585 0 0 0 ANTHONY TONCRAY OPERATIONS MANAGER 222563 0 0 0 4472 0 22339 0 19066 0 268440 0 0 0 TRAVIS LARSEN FOREMAN 198370 0 0 0 479 0 34010 0 25067 0 257926 0 0 0 HERB ANDERSON SERVICEMAN 174359 0 0 0 2935 0 55663 0 18513 0 251470 0 0 0 BRIAN MATTIE SERVICEMAN 161029 0 0 0 675 0 38845 0 24931 0 225480 0 0 0 SIAOSI PANAPA SERVICEMAN 151475 0 0 0 807 0 47870 0 24953 0 225105 0 0 0 PART I, LINE 3 COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THIS IS DISCRETIONARY BASED ON PERFORMANCE TO THE EXTENT IT FALLS WITHIN THE ESTABLISHED RANGE. THIS RANGE IS DEVELOPED AND REVIEWED PERIODICALLY BASED ON AVERAGES AND COMPILED FROM BOTH INDUSTRY SURVEYS AND INFORMATION OBTAINED FROM COMPARABLE UTILITIES. FORM 990, PART VI, SECTION A, LINE 6 AS A COOPERATIVE, LANE ELECTRIC IS OWNED BY OUR MEMBER/OWNERS. FORM 990, PART VI, SECTION A, LINE 7A AS A COOPERATIVE, LANE ELECTRIC IS OWNED BY OUR MEMBER/OWNERS WHO EXERCISE THEIR CONTROL BY ELECTING A TOTAL OF SEVEN BOARD MEMBERS BY RESIDENTIAL DISTRICT. THE SEVEN BOARD MEMBERS ARE ELECTED FROM FOUR BOARD DISTRICTS TO EACH SERVE A THREE-YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B PURSUANT TO LANE ELECTRIC'S GOVERNING DOCUMENTS CERTAIN MAJOR DECISIONS, SUCH AS SALE OF THE ENTITY, REQUIRE MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990, INCLUDING ITS SUPPLEMENTAL SCHEDULES, IS REVIEWED ANNUALLY DURING THE BOARD MEETING IN OCTOBER. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICTS OF INTEREST INCLUDING ITS NATURE AND EFFECTS THAT MAY EXIST, SHALL BE DECLARED IN ADVANCE BY THE INDIVIDUAL IN ORDER TO SAVE HIM OR HERSELF ANY OFFICIAL ACTION INVOLVING THE CONFLICT. MONITORING AND IDENTIFYING SUCH SITUATIONS IS THE RESPONSIBILITY OF THE INDIVIDUAL, THE PRESIDENT OF THE BOARD, AND THE BOARD AS A WHOLE. MONITORING AND ENFORCEMENT OF COMPLIANCE WITH POLICIES AS THEY RELATE TO EMPLOYEES IS THE RESPONSIBILITY OF THE COOPERATIVE'S GENERAL MANAGER. ANNUALLY THE COOPERATIVE PROVIDES QUESTIONNAIRES TO ITS BOARD OF DIRECTORS, OFFICERS, KEY, AND HIGHLY COMPENSATED EMPLOYEES. THIS PROVIDES A MEANS TO DISCLOSE AND OBTAIN DETAILED INFORMATION REGARDING THE INDIVIDUAL RELATIONSHIPS REPORTABLE PERSONNEL MAY HAVE WITH THE COOPERATIVE'S AFFILIATES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THIS IS DISCRETIONARY BASED ON PERFORMANCE TO THE EXTENT IT FALLS WITHIN THE ESTABLISHED RANGE. THIS RANGE IS DEVELOPED AND REVIEWED PERIODICALLY BASED ON AVERAGES AND COMPILED FROM BOTH INDUSTRY SURVEYS AND INFORMATION OBTAINED FROM COMPARABLE UTILITIES. EACH SUCH REVIEW IS CONSISTENT IN ITS INCLUSION OF THE RELEVANT DATA. COMPENSATION FOR MANAGERS AND KEY EMPLOYEES IS CONDUCTED IN THE SAME FASHION, HOWEVER, THE DECISION IS MADE BY THE COOPERATIVE'S GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES GOVERNING DOCUMENTS, POLICIES, AND ANNUAL FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE COOPERATIVE UPON REQUEST. FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS: THIS REPRESENTS THE ALLOCATION OF 2022 PATRONAGE. MEMBERS ARE NOTIFIED IN WRITING OF THEIR ALLOCATION. RETIREMENTS ARE MADE AT THE DISCRETION OF THE BOARD OF DIRECTORS. MEMBERS ARE NOTIFIED IN WRITING OF THEIR RIGHT TO CLAIM THEIR RETIRED PATRONAGE IN ACCORDANCE WITH THE COOPERATIVE'S POLICIES AND BYLAWS. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 101. PATRONAGE RETIRED/FORFEITED -537,402. PATRONAGE ALLOCATED, BENEFITS PAID TO MEMBERS 2,387,899.