2019-11-15T13:15:23-06:00 2018-12-31 410746479 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2018-01-01 390382695 JUMP RIVER ELECTRIC COOPERATIVE INC JUMP 7155325524 PO BOX 99 LADYSMITH WI 54848 GERALD CAROW PRESIDENT 7155325524 2019-11-14 1 CRAIG POPENHAGEN P01587689 5072802300 2019-11-14 67.137.57.251 2019-11-14 15:22:00 CS P 2AEB61507DCC7F9CD840C370178C53350C3F626D 944DFFFE68F0CBC872F86A91B7E3D8C8BA39686F 2018 2020-04-17 16:48:07Z GERALD CAROW PO BOX 99 LADYSMITH WI 54848 14958388 0 X WWW.JREC.NET X 1938 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 9 9 32 0 -22845 0 0 0 14428702 14490521 54296 82184 17301 224093 14500299 14796798 0 0 0 384894 0 396962 0 0 0 13551961 13620524 13551961 14402380 948338 394418 38784174 41469744 21248241 23696708 17535933 17773036 THE MISSION OF JUMP RIVER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTHER SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE. 0 0 THE COOPERATIVE SOLD 94,906,873 KWH OF ELECTRICITY TO MEMBERS DURING 2018. 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 58 0 32 1 1 1 0 0 0 0 0 0 14490521 226557 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 LORI DAVIS 7155325524 PO BOX 99 LADYSMITH WI 54848 GERALD CAROW PRESIDENT 20.60 X X 8800 0 0 WALTER KRUK VICE PRESIDENT 8.10 X X 9600 0 0 JOE LORENCE SECRETARY/TREASURER 7.70 X X 8125 0 0 MYRON BROOKS DIRECTOR 10.50 X 9025 0 0 JOHN CERMAN DIRECTOR 7.30 X 9000 0 0 WILLIAM VANDOORN DIRECTOR 6.40 X 7850 0 0 JANE REICH DIRECTOR 6.30 X 6925 0 0 SANDRA SCHARA DIRECTOR 6.80 X 8100 0 0 LORI TAGUMA DIRECTOR 7.50 X 9000 0 0 JAMES ANDERSON GENERAL MANAGER 48.70 X 185362 0 135175 DANIEL ANGLEMYER LINEMAN 51.30 X 102219 0 58370 JARED GRONNING LINEMAN 50.10 X 101950 0 55439 SCOTT SEDIVY LINEMAN 54.50 X 108277 0 78995 KEVIN WRIGHT LINEMAN 52.50 X 104571 0 62305 CALVIN WIENER LINEMAN 50.40 X 101519 0 27340 780323 0 417624 7 0 1 0 LAKE STATES TREE SERVICE 25172 COMMERCIAL DRVE GRAND RAPIDS MN 55744 ROW MAINTENANCE 242114 WHEELER VAN SICKLE LAW OFFICE 44 E MIFFLIN ST SUITE 1000 MADISON WI 53703 LEGAL SERVICES 146333 PUSH PO BOX 72 RICE LAKE WI 54868 URD MAINTENANCE 134460 3 SALE OF POWER 221000 14490521 14490521 14490521 71895 71895 11944 0 11944 11944 11944 41437 31148 10289 10289 10289 95731 130442 -34711 -34711 CAPITAL CREDITS 523000 234403 234403 POWERNET GLOBAL AND WILD BLUE 517000 11866 11866 MISCELLANEOUS NON-OPERATING INCOM 900099 591 591 246860 14796798 14725515 -22845 94128 X 384894 396962 689956 1130105 COST OF POWER 7689794 ADMINISTRATIVE & GENERA 1150395 MAINTENANCE EXPENSE 1140336 OPERATIONS EXPENSE 1007624 812314 14402380 194600 46204 534894 2463908 1609452 1131766 18495 0 425114 376885 646063 548737 44436757 13924997 29030155 30511760 6315533 6390484 9868 0 38784174 41469744 2219691 2168794 17432153 20074560 1596397 1453354 21248241 23696708 X 58375 56285 711160 751470 16766398 16965281 17535933 17773036 38784174 41469744 X 394418 -157315 X X 0 1 X 1 0 419070 419070 3106546 661945 2444601 40911141 13263052 27648089 30511760 DAIRYLAND POWER COOPERATIVE 4932730 C NATIONAL RURAL UTILITIES COOP 988353 C OTHER ASSOCIATED ORGANIZATIONS 306693 C RESCO ASSOCIATION 162708 C 6390484 ACCUM PROVISION FOR PENSION & BENEFITS 1235273 DEFERRED CREDITS 218081 1453354 X 14796798 0 14796798 0 14796798 14017486 0 14017486 384894 384894 14402380 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2018 AND 2017. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 384,894. X X X 0 0 0 JAMES ANDERSON GENERAL MANAGER 162904 0 0 0 22458 0 110646 0 24529 0 320537 0 0 0 DANIEL ANGLEMYER LINEMAN 102219 0 0 0 0 0 34241 0 24129 0 160589 0 0 0 JARED GRONNING LINEMAN 101950 0 0 0 0 0 31310 0 24129 0 157389 0 0 0 SCOTT SEDIVY LINEMAN 108277 0 0 0 0 0 54866 0 24129 0 187272 0 0 0 KEVIN WRIGHT LINEMAN 104571 0 0 0 0 0 38176 0 24129 0 166876 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A 15 OR MORE MEMBERS OF A DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED MAY MAKE NOMINATIONS EACH MEMBER RECEIVES A BALLOT CONTRINING THE NAMES OF THE QUALIFIED CANDIDATES NOMINATED FOR THE DIRECTOR POSITIONS EACH MEMBER OF THE COOPERATIVE IS ELIGIBLE TO VOTE FOR ONE CANDIDATE FROM EACH DISTRICT FROM WHICH A DIRECTOR IS TO BE ELECTED. FORM 990, PART VI, SECTION A, LINE 7B EXPLANATION 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 ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE 990 IS REVIEWED BY THE GENERAL MANAGER, FINANCE MANAGER AND THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SIGNS 990 AFTER THIS REVIEW AND BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY FILL OUT THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY FOR SIMILAR POSITIONS. THE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS IN IN EXECUTIVE SESSION. A COPY OF THE CONTRACT SIGNED BY ALL BOARD MEMBERS IS KEPT IN THEIR PERSONNEL FILE AS WELL AS WITH THE COOPERATIVE'S ATTORNEY. OTHER KEY EMPLOYEE'S COMPENSATION DETERMINED BY THE GENERAL MANAGER THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY FOR SIMILAR POSITIONS. THIS PROCESS IS DOCUMENTED IN THE EMPLOYEES PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS MINUTES, BYLAWS, AND GOVERNANCE INFORMATION AVAILABLE TO THE PUBLIC BY MAKING THIS INFORMATION AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY AND DISTRIBUTED AT AN ANNUAL MEETING FOR MEMBERS. FORM 990, PART VIII, LINE 12C THE AMOUNT REPORTED ON FORM 990, PART VIII, LINE 12 BOX C IS ALL UNRELATED BUSINESS INCOME ACTIVITIES FOR JUMP RIVER ELECTRIC COOPERATIVE COMBINED. MERCHANDISE SALES ARE REPORTED ON FORM 990T LINE 13, AND INTERNET SALES & EXPENSES ARE REPORTED ON SCHEDULE M LINE 32. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL -540,119. CHANGE IN MEMBERSHIPS -2,090. PATRONAGE DIVIDEND ALLOCATED 384,894. 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.