2022-05-11T09:45:12-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 410449191 NORTH STAR ELECTRIC COOP NORT 2186342202 441 STATE HWY 172 NW BAUDETTE MN 566230719 STEVE ARNESEN BOARD PRESIDENT 2186342202 2022-05-04 1 STEVE ARNESEN 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-05-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STEVE ARNESEN 441 STATE HWY 172 NW BAUDETTE MN 566230719 15308932 0 X WWW.NORTHSTARELECTRIC.COOP X 1940 MN RESPONSIBLY PROVIDE ELECTRIC ENERGY AND OTHER BENEFICIAL SERVICES TO OUR MEMBER OWNERS. 7 7 25 0 0 0 0 0 15187703 14974871 38276 38510 64088 271452 15290067 15284833 0 0 718993 877121 923890 566227 0 0 0 13647184 13841485 15290067 15284833 0 0 39856635 41270845 24791987 25815480 15064648 15455365 TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRIC ENERGY SERVICES WHILE MAINTAINING THE VERY HIGHEST STANDARDS OF PERFORMANCE AND MEMBER SATISFACTION. 0 0 TO PROVIDE ELECTRIC AND UTILITY SERVICE TO 5,554 MEMBERS UNDER THE GUIDANCE OF THE RURAL UTILITY SERVICE DIVISION OF THE USDA. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 67 0 25 1 0 0 0 0 0 15052495 79066 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 X JOSH COMPTON 2186342202 441 STATE HWY 172 NW BAUDETTE MN 56623 X JOSH COMPTON GENERAL MANAGER 50.00 0.00 X 163589 0 92261 MARTY MOLLBERG OPERATIONS MANAGER 50.00 0.00 X 150311 0 125001 ROBYN SONSTEGARD FINANCE MANAGER 50.00 0.00 X 124878 0 126817 GLEN MARCOTTE SUB-FOREMAN 42.00 0.00 X 106251 0 100979 PRESTON KENNEDY LEAD LINEMAN 43.00 0.00 X 106520 0 67604 TIMOTHY PELACH FOREMAN 43.00 0.00 X 113610 0 88060 TODD THYDEAN FOREMAN 42.00 0.00 X 107764 0 100349 MICHAEL HANSON VICE PRESIDENT 6.00 0.00 X X 9200 0 0 STEVE ARNESEN PRESIDENT 10.00 0.00 X X 8700 0 0 RANDALL BERGAN DIRECTOR 2.00 0.00 X 7950 0 0 TOM SMITH DIRECTOR 11.00 0.00 X 7800 0 0 LORRAINE NYGAARD SECRETARY-TREASURER 4.00 0.00 X X 7200 0 0 SHELLEY SPEARS DIRECTOR 4.00 0.00 X 6900 0 0 BRUCE SAMPSON DIRECTOR 7.00 0.00 X 5700 0 0 ANN ELLIS GENERAL MANAGER - PART YEAR 50.00 0.00 X 938 0 4295 927311 0 705366 12 0 1 0 SKYLINE UTILITIES INC 11352 EASY ST BRAINERD MN 56401 ELECTRIC LINE CONSTRUCTION 702271 JEFF POWELL EXCAVATING LLC PO BOX 14 EFFIE MN 56639 RIGHT-OF-WAY CLEARING 154050 2 ELECTRIC SALES 221000 14974871 14974871 14974871 38510 38510 27649 24099 3550 3550 CAPITAL CREDITS 900099 227346 227346 OTHER NON-OPERATING 900099 40556 40556 267902 15284833 15246323 0 38510 877121 566227 667436 1283392 COST OF POWER 8698818 DISTRIBUTIONS EXPENSE - 1712476 GENERAL & ADMIN 778407 CUSTOMER EXPENSE & SALE 700956 15284833 -4 4434866 4336021 1818892 1787342 80417 39791 553034 602457 243940 179638 50583336 17937478 31215740 32645858 1505846 1675842 3900 3900 39856635 41270845 2895641 2755840 262370 325444 21526856 22623076 107120 111120 24791987 25815480 X 0 0 0 0 15064648 15455365 15064648 15455365 39856635 41270845 X 0 390717 X 0 0 0 56183 56183 3358004 1386852 1971152 47169149 16550626 30618523 32645858 CUSTOMER DEPOSITS 111120 111120 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 NORTH STAR ELECTRIC COOPERATIVE COMMUNITY TRUST. THESE FUNDS ARE TRANSFERRED DIRECTLY TO THE TRUST 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 TRUST. FOR THE YEARS ENDING DECEMBER 31, 2021 AND 2020 THERE WAS NO BALANCE IN THE ACCOUNT. X X 0 0 0 JOSH COMPTON GENERAL MANAGER 143336 0 0 0 20253 0 69515 0 22746 0 255850 0 0 0 MARTY MOLLBERG OPERATIONS MANAGER 148458 0 0 0 1853 0 109163 0 15838 0 275312 0 0 0 ROBYN SONSTEGARD FINANCE MANAGER 124494 0 0 0 384 0 97356 0 29461 0 251695 0 0 0 GLEN MARCOTTE SUB-FOREMAN 105982 0 0 0 269 0 86250 0 14729 0 207230 0 0 0 PRESTON KENNEDY LEAD LINEMAN 106380 0 0 0 140 0 52914 0 14690 0 174124 0 0 0 TIMOTHY PELACH FOREMAN 112836 0 0 0 774 0 73436 0 14624 0 201670 0 0 0 TODD THYDEAN FOREMAN 107014 0 0 0 750 0 85581 0 14768 0 208113 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C: COMPENSATION OF OFFICERS, DIRECTORS, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES: INCLUDED IN OTHER DEFERRED COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THA PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE REFLECTED IN THE STATEMENT FOR FORM 990, PART VII, COLUMN F. FORM 990, PAGE 3, PART IV, LINE 12: AUDITED FINANCIALS: ALTHOUGH THE COOPERATIVE DID NOT HAVE AN AUDIT FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2021, IT DID HAVE ITS ANNUAL AUDIT PERFORMED BY AN INDEPENDENT ACCOUNTANT FOR THE PERIOD FROM AUGUST 1, 2020 TO JULY 31, 2021. THE AUDIT PERIOD WAS CHOSEN IN ORDER TO REDUCE THE COST OF THE AUDIT, AS IT IS NOT PERFORMED DURING PEAK SEASON FOR THE AUDIT FIRM. THE COOPERATIVE IS SCHEDULED TO HAVE AN INDEPENDENT AUDIT PERFORMED FOR THE PERIOD AUGUST 1, 2021 THOUGH JULY 31, 2022. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 5,554 VOTING MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS DIVIDED INTO 7 DISTRICTS. EACH DISTRICT IS REPRESENTED BY ONE BOARD MEMBER. MEMBERS CAN ONLY VOTE FOR BOARD MEMBERS WITHIN THEIR DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE COOPERATIVE'S BYLAWS MUST BE APPROVED BY THE COOPERATIVE'S MEMBERS. THE DIRECTORS ARE LIMITED BY THE BYLAWS AS TO DECISIONS RELATING TO THE SALE OF THE COOPERATIVE, MERGERS AND OTHER SIGNIFICANT TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DID NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER AND GENERAL MANAGER REVIEWED THE FORM 990 PROIR TO PRESENTING THE FORM 990 TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 AT THE MAY 2022 BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE EXPECTS DIRECTORS OR EMPLOYEES WHO HAVE CONFLICTS OF INTEREST TO DISCLOSE THEM IMMEDIATELY AS THEY OCCUR. DUE CARE IS TAKEN TO AVOID UNETHICAL BEHAVIOR AND ENSURE HONESTY AND ACCOUNTABILITY. THE RESPONSIBILTY FOR REVIEW AND DETERMINATION OF BOARD CONFLICTS RESTS WITH THE BOARD PRESIDENT. THE RESPONSIBILITY FOR THE REVIEW AND DETERMINATION OF EMPLOYEE CONFLICTS RESTS WITH THE GENERAL MANAGER. ALL MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING ON ANY CONFLICT OF INTEREST SITUATION THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A NRECA DATA IS GATHERED BY THE BOARD OF DIRECTORS. THE GENERAL MANAGER SALARY WILL BE WITHIN THE AVERAGE RANGE OF THE DATA - NOT HIGHEST AND NOT LOWEST. THE BOARD APPROVES THE GENERAL MANAGER SALARY. MINUTES ARE KEPT OF THE BOARD MEETING DELIBERATIONS. THE GENERAL MANAGER REVIEWS THE PERFORMANCE EVALUATION OF THE FINANCE MANAGER. THIS PROCESS WAS LAST PERFORMED IN 2021. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S BYLAWS ARE DISTRIBUTED TO ALL NEW MEMBERS. FINANCIAL STATEMENTS ARE SHARED WITH THE MEMBERS AT THE ANNUAL MEETING. MONTHLY BOARD MEETING MINUTES SUMMARIES ARE REPORTED IN THE COOPERATIVE'S NEWSLETTER EACH MONTH. 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 IS $41,149 FOR MARTY MOLLBERG, $49,900 FOR ROBYN SONSTEGARD, $14,198 FOR JOSHUA COMPTON, $44,905 FOR TIMOTHY PELACH, $53,485 FOR TODD THYDEAN, $13,289 FOR PRESTON KENNEDY, AND $38,997 FOR GLEN MARCOTTE. THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS $26,318, $22,962, $25,029, $17,458, $17,458, $16,513, AND $16,983 RESPECTIVELY. FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -473,845. UNCLAIMED AND ABANDONED CAPITAL CREDITS -12,859. PATRONAGE DIVIDENDS ALLOCATED 877,121. MEMBERSHIPS 300. NORTH STAR ELECTRIC COOPERATIVE COMMUNITY TRUST PO BOX 719 BAUDETTE MN 56623 204992283 DONATIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES MN 501(C)(3) LINE 7 NORTH STAR ELECTRIC COOPERATIVE 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 NO TRANSACTIONS GREATER THAN 50000