2021-05-10T10:26:27-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2020-01-01 410449191 NORTH STAR ELECTRIC COOP NORT 2186342202 441 STATE HWY 172 NW BAUDETTE MN 566230719 STEVE ARNESEN BOARD PRESIDENT 2186342202 2021-05-07 1 STEVE ARNESEN 999009999 CRAIG POPENHAGEN P01587689 5072802300 2021-05-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEVE ARNESEN 441 STATE HWY 172 NW BAUDETTE MN 566230719 15312327 0 X WWW.NORTHSTARELECTRIC.COOP X 1940 MN RESPONSIBLY PROVIDE ELECTRIC ENERGY AND OTHER BENEFICIAL SERVICES TO OUR MEMBER OWNERS. 7 7 23 0 0 0 0 0 15518647 15187703 288654 38276 40274 64088 15847575 15290067 0 0 1094946 718993 805654 923890 0 0 0 13946975 13647184 15847575 15290067 0 0 37153361 39856635 22260138 24791987 14893223 15064648 TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND COMMUNITY BY RESPONSIBLY PROVIDING CLEAN, AFFORDABLE ELECTRIC ENERGY AND OTHER BENEFICIAL SERVICES WHILE MAINTAINING THE VERY HIGHEST STANDARDS OF PERFORMANCE AND MEMBER SATISFACTION. 0 0 TO PROVIDE ELECTRIC AND UTILITY SERVICE TO 5,494 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 52 0 23 1 0 0 0 0 0 0 0 15248328 63155 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 ANN ELLIS GENERAL MANAGER 50.00 X 260373 0 376087 ROBYN SONSTEGARD FINANCE MANAGER 50.00 X 116424 0 129805 MARTY MOLLBERG OPERATIONS MANAGER 50.00 X 137968 0 98932 TIMOTHY PELACH FOREMAN 40.00 X 102813 0 97963 TODD HIGGINS SUB-FOREMAN 40.00 X 100096 0 77857 STEVE ARNESEN PRESIDENT 10.00 X X 9300 0 0 TOM SMITH DIRECTOR 11.00 X 6600 0 0 RANDALL BERGAN DIRECTOR 2.00 X 5500 0 0 MICHAEL HANSON VICE PRESIDENT 6.00 X X 5250 0 0 BRUCE SAMPSON DIRECTOR 7.00 X 5100 0 0 SHELLEY SPEARS DIRECTOR 4.00 X 4950 0 0 LORRAINE NYGAARD SECRETARY-TREASURER 4.00 X X 4500 0 0 758874 0 780644 5 0 1 0 CENTRAL APPLICATORS INC PO BOX 279 FOLEY MN 56329 RIGHT-OF-WAY CLEARING 162657 OLSON UNDERGROUND INC 22593 US HWY 75 WARREN MN 56762 BORING 123743 2 ELECTRIC SALES 221000 15187703 15187703 15187703 38276 38276 23823 22260 1563 1563 CAPITAL CREDITS 900099 37647 37647 OTHER NON-OPERATING 900099 24878 24878 62525 15290067 15251791 0 38276 718993 923890 675582 1249865 COST OF POWER 8763420 DISTRIBUTION - OPERATIO 1617710 CUSTOMER EXPENSE & SALE 787749 GENERAL & ADMIN 552858 15290067 2758809 4434866 1772513 1818892 205473 80417 500848 553034 369073 243940 48545287 17329547 30025562 31215740 1517183 1505846 3900 3900 37153361 39856635 2851133 2895641 457773 262370 18840212 21526856 111020 107120 22260138 24791987 X 0 0 0 0 14893223 15064648 14893223 15064648 37153361 39856635 X 0 171425 X 0 0 0 56183 56183 3358004 1325784 2032220 45131100 16003763 29127337 31215740 CUSTOMER DEPOSITS 107120 107120 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, 2020 AND 2019 THERE WAS NO BALANCE IN THE ACCOUNT. X X 0 0 0 ANN ELLIS GENERAL MANAGER 257245 0 0 0 3128 0 345389 0 30698 0 636460 0 0 0 ROBYN SONSTEGARD FINANCE MANAGER 116047 0 0 0 377 0 100386 0 29419 0 246229 0 0 0 MARTY MOLLBERG OPERATIONS MANAGER 136146 0 0 0 1822 0 83141 0 15791 0 236900 0 0 0 TIMOTHY PELACH FOREMAN 102410 0 0 0 403 0 68993 0 28970 0 200776 0 0 0 TODD HIGGINS SUB-FOREMAN 99945 0 0 0 151 0 48926 0 28931 0 177953 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, 2020, IT DID HAVE ITS ANNUAL AUDIT PERFORMED BY AN INDEPENDENT ACCOUNTANT FOR THE PERIOD FROM AUGUST 1, 2019 TO JULY 31, 2020. 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, 2020 THOUGH JULY 31, 2021. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 5,494 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 2021 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 AUGUST 2020. 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. THE COOPERATIVE'S CODE OF CONDUCT IS AVAILABLE UPON REQUEST. 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 $282,745 FOR ANN ELLIS, $16,729 FOR MARTY MOLLBERG, AND $54,258 FOR ROBYN SONSTEGARD. 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 $48,090, $32,774, AND $28,594 RESPECTIVELY. FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -532,007. UNCLAIMED AND ABANDONED CAPITAL CREDITS -15,562. PATRONAGE DIVIDENDS ALLOCATED 718,993. ROUNDING 1. 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