2020-11-02T10:04:48-06:00 2019-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2019-01-01 460221074 OAHE ELECTRIC COOPERATIVE INC OAHE 6059626243 PO BOX 216 BLUNT SD 57522 RODNEY HAAG GENERAL MANAGER 6059626243 2020-10-30 1 LAURIE HANSON P00851848 6053391999 2020-10-30 67.130.171.59 2020-10-30 10:32:43 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A8DB27B0CC75174FC7797F8E3D6A96021CEF41AE 2019 2021-04-22 16:20:28Z RODNEY HAAG PO BOX 216 BLUNT SD 57522 12226495 0 X WWW.OAHEELECTRIC.COM X 1946 SD TO PROVIDE MEMBERS/OWNERS AND THE PUBLIC WITH HIGH QUALITY, COMPETITIVELY PRICED ELECTRIC SERVICE. 5 5 20 0 0 0 0 0 10912376 12053464 78960 137395 5199 9629 10996535 12200488 0 0 1332030 741821 1471902 1526402 0 0 0 8192603 9932265 10996535 12200488 0 0 28038985 30781674 16903954 18902727 11135031 11878947 OAHE ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE MEMBERS/OWNERS AND THE PUBLIC WITH EXTRAORDINARY VALUE THROUGH COMPETITIVELY PRICED SERVICES AND PRODUCTS AND TO ENHANCE THE QUALITY OF LIFE AND CREATE GROWTH OPPORTUNITIES IN OUR SERVICE AREA. 0 0 PROVIDED ELECTRICITY TO APPROXIMATELY 2,026 RURAL ELECTRIC COOPERATIVE MEMBERS AND MAINTAINED 1,203 MILES OF OVERHEAD AND UNDERGROUND LINES. 0 0 0 0 0 0 0 1 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 20 0 1 20 1 0 0 0 0 0 11661166 435180 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X VALERIE MARSO 6059626243 PO BOX 216 BLUNT SD 575220216 RODNEY HAAG GENERAL MANAGER 40.00 X 196465 0 51399 KEN GILLASPIE PRESIDENT 5.00 X X 12000 0 881 BLAINE LIVERMONT TREASURER 2.60 X X 10800 0 2057 JAMES FELLER VICE PRESIDENT 2.00 X X 10200 0 2057 ROSS SPERRY SECRETARY 4.70 X X 11100 0 881 KIRK YACKLEY DIRECTOR 1.20 X 8700 0 306 249265 0 57581 1 0 1 0 FEM ELECTRIC ASSOCIATION PO BOX 468 IPSWICH SD 57451 WORK ORDER CLEAN UP 203173 1 SALE OF POWER 221000 11570507 11570507 G&T CAPITAL CREDITS 221000 474272 474272 MISCELLANEOUS INCOME 900099 8685 8685 12053464 105895 105895 31500 0 31500 31500 31500 35636 26007 9629 9629 12200488 12063093 0 137395 741821 251948 940952 251176 82326 602682 877896 COST OF POWER 7607100 ADMIN & GENERAL 786695 DISTRIBUTION-OPERATIONS 742171 DISTRIBUTION-MAINTENANC 300662 -984941 12200488 770886 2386916 750836 1232775 340902 635032 327235 199073 28309417 9138379 18823256 19171038 779336 628785 41750 41750 6200107 6482001 4677 4304 28038985 30781674 1038767 1251703 14202 15244 14991685 16937257 859300 698523 16903954 18902727 X 0 0 0 0 11135031 11878947 11135031 11878947 28038985 30781674 X 0 743916 X 0 1 X 1 0 0 1 X 11992 11992 994547 433559 560988 26953455 8704820 18248635 349423 349423 19171038 EAST RIVER ELECTRIC POWER COOPERATIVE 5898348 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 41691 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 433106 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 57815 C RURAL ELECTRIC SUPPLY COOPERATIVE 51041 C 6482001 CUSTOMER DEPOSITS 39350 DEFERRED CREDITS 659173 698523 X 12200488 0 12200488 0 12200488 11458667 0 11458667 741821 741821 12200488 PART IV, LINE 2B: OPERATION ROUND UP FUNDS ARE HELD IN ESCROW ON THE BALANCE SHEET. OPERATION ROUND UP IS AN OPTIONAL PROGRAM FOR MEMBERS. EACH MONTH WHEN ELECTRIC BILLS ARE PREPARED, STATEMENTS ARE ROUNDED UP TO THE NEAREST WHOLE DOLLAR. THE DIFFERENCE BETWEEN THE BILLING AND THE ACTUAL COST OF CONSUMED ELECTRICITY FOR THE MONTH IS PLACED INTO A FUND. THIS MONEY IS THEN DISBURSED FOR CHARITABLE AND EDUCATIONAL PURPOSES. PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2019 MARGINS TO MEMBERS IN 2020 741,821. X 0 0 0 RODNEY HAAG GENERAL MANAGER 145066 0 0 0 51399 0 32671 0 20576 0 249712 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS $26,850 FOR THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR RODNEY HAAG. ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $21,503 FOR MR. HAAG. FORM 990, PART VI, SECTION A, LINE 6 ALL CUSTOMERS ARE MEMBERS OF THE COOPERATIVE. ALL MEMBERS HAVE ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE AT THE ANNUAL MEETING TO ELECT DIRECTORS (GOVERNING BODY). FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES MUST BE APPROVED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE GENERAL MANAGER AND OFFICE MANAGER. AFTER THEIR REVIEW, IT WILL BE DELIVERED TO EACH BOARD MEMBER VIA EMAIL OR PAPER COPY. BOARD MEMBERS WILL BE GIVEN SUFFICIENT TIME TO REVIEW THE 990. THE GENERAL MANAGER OR OFFICE MANAGER WILL PRESENT THE 990 AT A BOARD MEETING IF ANY BOARD MEMBER SO REQUESTS. THIS PROCESS WILL TAKE PLACE PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF DIRECTORS, THE GENERAL MANAGER, AND MANAGEMENT. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THE POLICY. IF AN OFFICIAL DISCOVERS ANY INFORMATION OR FACT THAT COULD IMPACT ANOTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY THEN THE OFFICIAL MUST DISCLOSE THE INFORMATION OR FACT TO THE PRESIDENT OR MANAGER IMMEDIATELY. IF A PERSON IS DETERMINED TO HAVE A CONFLICT OF INTEREST, THE BOARD MEMBER IS GIVEN 30 DAYS TO CORRECT THE SITUATION. IF THE SITUATION IS NOT RECTIFIED, THEN AS ALLOWED BY LAW THE BOARD MUST SANCTION, QUALIFY, AND/OR REMOVE THE DIRECTOR. IF THE GENERAL MANAGER OR ANOTHER MEMBER OF MANAGEMENT HAS A CONFLICT OF INTEREST, THEY MUST REPORT THE CONFLICT AND ARE SUBJECT TO RULES SIMILAR TO THOSE OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER'S COMPENSATION IS REVIEWED, TAKING COMPARABILITY DATA INTO CONSIDERATION, AND APPROVAL IS GIVEN BY THE BOARD OF DIRECTORS. THE DIRECTORS' COMPENSATION IS SET VIA BOARD POLICY. THE COMPENSATION PROCESS WAS LAST UNDERTAKEN DURING 2019. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON PUBLIC REQUEST. FORM 990, PART XI, LINE 9: ALLOCATION OF 2018 MARGINS TO MEMBERS IN 2019 741,821. RETIREMENT OF CAPITAL CREDITS 2,095. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: ALLOCATED AND OTHER EXPENSE: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.