2020-11-11T14:05:50-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2019-01-01 390150875 BARRON ELECTRIC COOPERATIVE BARR 7155373171 PO BOX 40 BARRON WI 54812 DALLAS SLOAN GENERAL MANAGER 7155373171 2020-11-05 1 CRAIG POPENHAGEN P01587689 5072802300 2020-11-05 67.137.57.251 2020-11-05 14:20:59 CS P 5EFF1F494B3DA8391D990115EEB363BA3BAD0377 AFC456E44E71D2BE4375B17F3D3D960B8395F1E4 2019 2021-04-22 16:20:28Z DALLAS SLOAN PO BOX 40 BARRON WI 54812 40492645 0 X BARRONELECTRIC.COM X 1937 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 9 9 46 0 316 0 0 0 41717597 39225240 45686 39854 2221 1213748 41765504 40478842 0 0 2382972 2436232 448544 441924 0 0 0 38933988 37600686 41765504 40478842 0 0 78081334 79829578 40799552 40896618 37281782 38932960 BARRON ELECTRIC COOPERATIVE IS A MEMBER-OWNED BUSINESS THAT SAFELY PROVIDES ENERGY, PRODUCTS, AND SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE AREA WE SERVE. 0 0 THE COOPERATIVE SOLD 332,558,829 KWH OF ELECTRICITY TO MEMBERS DURING 2019. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 46 1 1 1 0 0 0 0 0 0 39225240 1198562 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DALLAS SLOAN 7155373171 1456 E LA SALLE AVE BARRON WI 54812 DALLAS SLOAN GENERAL MANAGER 40.00 X 195011 0 99714 MANDY STRAW DIRECTOR OF FINANCE 40.00 X 98849 0 69093 NATE STEINES DIRECTOR OF OPERATIONS 40.00 X 103607 0 61905 JEFFREY NELSON LINE SUPERINTENDENT 40.00 X 108303 0 61297 JEFF SANDO LINEMAN 40.00 X 100689 0 66907 JEFFREY SECRAW LINEMAN 40.00 X 101282 0 65007 RANDY COOK PRESIDENT 5.00 X X 14900 0 0 TIM KESSLER DIRECTOR 5.50 X 11484 0 0 SCOTT WARWICK SECRETARY 5.00 X X 11411 0 0 LARRY KUHL DIRECTOR 4.50 X 11352 0 0 RICHARD BOL DIRECTOR 5.00 X 10820 0 0 MICHAEL BAKER VICE PRESIDENT 5.00 X X 10228 0 0 ARLYN HELM TREASURER 3.50 X X 8649 0 0 SELMER E NELSON DIRECTOR 3.50 X 8214 0 0 PATRICIA MANDEL DIRECTOR 4.50 X 8050 0 0 LYNN PETERSON DIRECTOR - RETIRED 3.00 X 1050 0 0 803899 0 423923 18 0 1 0 ZIELIE'S TREE SERVICE INC PO BOX 307 BRUCE WI 54819 TREE TRIMMING 922931 PUSH INC PO BOX 72 RICE LAKE WI 54868 PLOW URD SERVICES 548490 B&M UTILITIES 2124 5TH AVE CHETEK WI 54728 LOCATING SERVICES 111000 3 SALE OF POWER 221000 39225240 39225240 39225240 38404 38404 26989 0 26989 26989 26989 3450 2000 1450 1450 1450 12119 11803 316 316 CAPITAL CREDITS 900099 1186443 1186443 1186443 40478842 40411683 316 66843 2436232 441924 1388290 3176597 COST OF POWER 26679944 DISTRIBUTION MAINTENANC 2254282 ADMINISTRATIVE & GENERA 1717619 DISTRIBUTION OPERATIONS 1239169 1144785 40478842 524759 242556 2383 785 3199940 4044947 131523 105789 255276 286678 183109 172864 93165598 37831372 54689467 55334226 18290346 18919884 804531 721849 78081334 79829578 2616402 2673005 33695963 34302197 4487187 3921416 40799552 40896618 X 0 0 0 0 37281782 38932960 37281782 38932960 78081334 79829578 X 0 1651178 X X 0 1 X 1 0 853987 853987 4633916 1273171 3360745 87677695 36558201 51119494 55334226 INVESTMENT IN ASSOCIATED ORGANIZATION - PATRONAGE 17553814 C INVESTMENT IN ASSOCIATED ORGANIZATION - NON GENERAL 1052388 C INVESTEMENT IN ECONOMIC DEVELPMENT PROJECTS 279225 C OTHER INVESTMENTS 34457 C 18919884 CUSTOMER DEPOSITS 282521 ACCRUED INTEREST 173033 ACCRUED PAYROLL 161636 ACCRUED GROSS REVENUE TAX 91308 ACCRUED VACATION 329372 OTHER CURRENT LIABILITIES 137772 DEFERRED LIABILITIES 2745774 3921416 X 44046138 3569620 3569620 40476518 2324 2324 40478842 41308279 3267993 3267993 38040286 2438556 2438556 40478842 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2019 AND NOVEMBER 30, 2018. THE COOPERATIVE AND ITS SUBSIDIARY EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECEMBER 2018 REVENUE IN FINANCIAL STATEMENTS THAT COVER 13 MONTHS 3,569,620. PART XI, LINE 4B - OTHER ADJUSTMENTS: RELCASSIFIED EXPENSES 2,324. PART XII, LINE 2D - OTHER ADJUSTMENTS: DECEMBER 2018 EXPENSES IN FINANCIAL STATEMENTS THAT COVER 13 MONTHS 3,267,993. PART XII, LINE 4B - OTHER ADJUSTMENTS: RELCASSIFIED EXPENSES 2,324. PATRONAGE DVIDENDS ALLOCATED 2,436,232. X X 0 0 0 DALLAS SLOAN GENERAL MANAGER 195011 0 0 0 0 0 75956 0 23758 0 294725 0 0 0 MANDY STRAW DIRECTOR OF FINANCE 98849 0 0 0 0 0 46405 0 22688 0 167942 0 0 0 NATE STEINES DIRECTOR OF OPERATIONS 103607 0 0 0 0 0 39165 0 22740 0 165512 0 0 0 JEFFREY NELSON LINE SUPERINTENDENT 108303 0 0 0 0 0 42545 0 18752 0 169600 0 0 0 JEFF SANDO LINEMAN 100689 0 0 0 0 0 44477 0 22430 0 167596 0 0 0 JEFFREY SECRAW LINEMAN 101282 0 0 0 0 0 42577 0 22430 0 166289 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE ONE OR MORE CANDIDATES FOR A DIRECTOR POSITION FOR EACH DISTRICT OF THE COOPERATIVE. MEMBERS LECT THE BOARD OF DIRECTORS AT THE MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE GENERAL MANAGER AND FINANCE MANAGER BEFORE IT IS SIGNED AND FILED. THE BOARD OF DIRECTORS IS GIVEN A COPY OF THE FORM 990 TO REVIEW BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY WAS GIVEN TO EACH CURRENT EMPLOYEE AND DIRECTOR AS WELL AS EACH NEW EMPLOYEE AND DIRECTOR THE CONFLICT OF INTEREST POLICY IS A SELF-POLICING POLICY IN WHICH IT IS THE RESPONSIBILITY OF EACH EMPLOYEE/DIRECTOR TO COME FORWARD WITH ANY POTENTIAL CONFLICTS WHENEVER THEY OCCUR THE WHISTLEBLOWER POLICY SUPPORTS THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY BY ENCOURAGING ALL EMPLOYEES AND DIRECTORS TO REPORT CONFLICTS OF INTEREST AND OTHER QUESTIONABLE BEHAVIOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USES COMPARABILITY DATA PROVIDED BY NRECA TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER. THE BOARD OF DIRECTORS DETERMINES THE GENERAL MANGER'S COMPENSATION AND REPORTS IT TO THE EXECUTIVE SECRETARY VIA MINUTES FROM THE BOARD DIRECTOR CONFIDENTIAL CLOSED SESSION. THE GENERAL MANAGER APPROVES THE COMPENSATION OF ALL OTHER EMPLOYEES. THE GENERAL MANAGER USES BOTH COMPARABILITY DATA PROVIDED BY NRECA AND DATA FROM THE MOST CURRENT WAGE STUDY PERFORMED AT BARRON ELECTRIC BY AN OUTSIDE INDEPENDENT CONSULTANT, TO DETERMINE COMPENSATION. INDIVIDUAL COMPENSATION IS DETERMINED BY THE GENERAL MANAGER. COMPENSATION AS A WHOLE IS APPROVED BY THE BOARD OF DIRECTORS. INDIVIDUAL COMPENSATION IS REPORTED BY A DOCUMENT SIGNED BY THE GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION IS AVAILABLE UPON WRITTEN REQUEST TO THE ATTENTION OF THE GENERAL MANAGER. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL -801,406. PATRONAGE DIVIDEND ALLOCATED 2,436,232. PATRONAGE REFUNDS 16,352. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.