2022-07-25T17:56:10-05:00 2021-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2021-01-01 930209125 LANE ELECTRIC COOPERATIVE INC LANE 5414841151 787 BAILEY HILL RD EUGENE OR 97402 DEBORA D WILSON GENERAL MANAGER 5414841151 2022-06-16 1 DEBORA WILSON XXX-XX-XXXX RYAN M JOHNSON CPA P01048788 5035857774 2022-06-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DEBORA D WILSON 787 BAILEY HILL RD EUGENE OR 97402 28146842 0 X WWW.LANEELECTRIC.COM X 1939 OR PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS. 7 7 52 0 0 0 0 0 27391903 27837519 38340 74633 285235 220498 27715478 28132650 7500 18500 2455997 2660025 870244 564241 0 0 0 24072992 24609568 27406733 27852334 308745 280316 79399349 79862417 45040563 43572398 34358786 36290019 PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS. 0 0 27852334 27898169 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. 27852334 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 76 0 1 52 1 0 0 0 0 0 0 0 27677671 3288383 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 DANIEL DAVIDSON 5414841151 787 BAILEY HILL RD EUGENE OR 97402 SUSAN KNUDSEN OBERMEYER PRESIDENT 12.00 X X 21825 0 0 KATHY KEABLE VICE PRESIDENT 11.00 X X 18450 0 0 HUGH BEURMANN TREASURER 13.00 X X 21575 0 0 CHRISTOPHER SEUBERT SECRETARY 8.00 X X 9750 0 0 JACK BILLINGS DIRECTOR 3.00 X 8950 0 0 PAULA BROWN DIRECTOR 6.00 X 20050 0 0 JEANETTE I KESSLER DIRECTOR 16.00 X 15100 0 0 DEBORA WILSON GENERAL MANAGER 62.00 X 247189 0 90305 SUSAN CARTER MANAGER, FINANCE & ADMINIS 51.00 X 171632 0 18344 ANTHONY TONCRAY OPERATIONS MANAGER 40.00 X 204721 0 46468 NEAL STANDRIDGE LINEMAN 49.00 X 163605 0 37190 TRAVIS LARSEN FOREMAN 51.00 X 188429 0 67760 HERB ANDERSON SERVICEMAN 49.00 X 163207 0 58731 JEFFREY DAU LINE FOREMAN 52.00 X 183978 0 59556 KYLE CRUTCHFIELD LINEMAN 49.00 X 159745 0 37355 1598206 0 415709 25 0 1 0 ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 22031 GRANT MANAGEMENT 1519932 JENSEN'S TREE SERVICE 4752 MOUNT REUBEN RD GLENDALE OR 97442 ROW MAINTENANCE 1480850 PROFESSIONAL UNDERGROUND 90185 ZUMWALT ST EUGENE OR 97402 EXCAVATING 959172 ASPLUNDH TREE EXPERT INC 10985 SW CLUTTER RD SHERWOOD OR 97140 ROW MAINTENANCE 446656 KEY LINE CONSTRUCTION INC 725 ASH ST MYRTLE POINT OR 97458 CONSTRUCTION 190870 8 OPERATING REVENUE 221000 27677671 27677671 POLE RENTAL 221000 159848 159848 27837519 34718 34718 54107 14192 39915 39915 39915 PATRONAGE DIVIDENDS 221000 249001 249001 GAIN (LOSS) POST-RET BENEFITS 221000 -34928 -34928 6425 6425 220498 28132650 27898169 0 234481 X 18500 2660025 534521 29720 1220694 2722015 PURCHASED POWER EXPENSE 10378659 TRANSMISSION AND DISTRI 5429034 GENERAL AND ADMINITRATI 1998473 CUSTOMER AND MEMBER SER 1886038 974655 27852334 -84163 7543 299844 237938 10161368 8460611 1228917 1393578 522877 536150 96868931 32433399 62116823 64435532 4234985 3747337 918698 1043728 79399349 79862417 9705515 7503882 33802004 34471080 1533044 1597436 45040563 43572398 X 4228803 2784574 0 0 30129983 33505445 34358786 36290019 79399349 79862417 X 280316 1650917 X 0 1 X 1 1 1 96868931 32433399 64435532 64435532 POST RETIREMENT HEALTH BENEFITS 357263 DEFERRED COMPENSATION PLAN 671006 UNAMORTIZED GAIN OF RUS BUYOUT 28553 OTHER DEFERRED CREDITS 540614 1597436 X 28132650 0 28132650 0 28132650 25177494 0 25177494 2674840 2674840 27852334 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 2021 OR 2020. 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 2015. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF RUS GAIN OF $14,277 AND PATRONAGE ALLOCATION $2,660,025 TAX DEPRECIATION MORE THAN BOOK $538 1 EDUCATIONAL GRANTS 5 18500 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 0 0 DEBORA WILSON GENERAL MANAGER 240330 0 0 0 6859 0 81202 0 9103 0 337494 0 0 0 TRAVIS LARSEN FOREMAN 187925 0 0 0 504 0 44142 0 23618 0 256189 0 0 0 ANTHONY TONCRAY OPERATIONS MANAGER 200121 0 550 0 4050 0 21918 0 24550 0 251189 0 0 0 JEFFREY DAU LINE FOREMAN 183203 0 0 0 775 0 44152 0 15404 0 243534 0 0 0 HERB ANDERSON SERVICEMAN 162066 0 0 0 1141 0 41242 0 17489 0 221938 0 0 0 NEAL STANDRIDGE LINEMAN 163425 0 0 0 180 0 13798 0 23392 0 200795 0 0 0 KYLE CRUTCHFIELD LINEMAN 159473 0 0 0 272 0 13876 0 23479 0 197100 0 0 0 SUSAN CARTER MANAGER, FINANCE & ADMINIS 169796 0 0 0 1836 0 17207 0 1137 0 189976 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 EVERY YEAR 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 APRIL. 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 EVERY YEAR 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 2021 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: TAX DEPRECIATION LESS THAN BOOK 538. AMORTIZATION OF RUS BUYOUT 14,277. CHANGE IN MEMBERSHIPS 207. PATRONAGE RETIRED -1,024,130. PATRONAGE ALLOCATED, BENEFITS PAID TO MEMBERS 2,660,025.