2016-07-25T06:56:38-05:00 2015-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2015-01-01 460213171 FEM ELECTRIC ASSOCIATION INC FEME 6054266891 PO BOX 468 IPSWICH SD 574510468 SCOTT MOORE GENERAL MANAGER/CEO 6054266891 2016-07-20 1 LAURIE HANSON P00851848 6053391999 2016-07-20 2015 2016-09-27 15:27:22Z SCOTT MOORE PO BOX 468 IPSWICH SD 574510468 14381271 0 X WWW.FEMELECTRIC.COOP X 1949 SD TO SAFELY PROVIDE RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES. 5 5 23 0 -171256 -172168 0 0 13958876 14026703 55909 70738 21642 32298 14036427 14129739 54460 7870 1050269 898526 1674034 1895151 0 0 0 11398992 11068713 14177755 13870260 -141328 259479 29713177 33476761 19807266 22679764 9905911 10796997 TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS, BY SAFELY PROVIDING RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,344 MEMBERS AND REPLACED APPROXIMATELY 9 MILES OF OVERHEAD WITH UNDERGROUND LINES. 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 1 0 0 0 0 0 0 1 1 0 0 1 57 0 1 23 1 0 0 0 0 0 13911368 88878 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 1 0 X SCOTT MOORE 6054266891 PO BOX 468 IPSWICH SD 574510468 FRANK HEINZ PRESIDENT 6.50 X X 9911 0 0 GARY BACHMAN VICE PRESIDENT 8.80 X X 9611 0 0 LARRY BOWAR SECRETARY 5.00 X X 6161 0 0 GERALD HAUPT TREASURER 5.00 X X 6311 0 0 TOM THORPE ASSISTANT SEC/TREASURER 5.00 X X 9611 0 0 SCOTT MOORE GENERAL MANAGER/CEO/CFO 40.00 X 114157 0 72642 155762 0 72642 1 0 1 0 QUEST CONSTRUCTION 2301 8TH AVE NE 120 ABERDEEN SD 57401 BUILDING GENERAL CONTRACTOR 2392712 MOORE BROTHERS CONSTRUCTION 3411 JONES ST SIOUX CITY IA 51104 LINE CONSTRUCTION CONTRACTOR 279485 K&H ELECTRIC INC 243 S SAINT PAUL AVE LINTON ND 58552 UNDERGROUND LINE BUILD 206604 3 SALE OF POWER 221000 13519471 13519471 COOP CAPITAL CREDITS 221000 404661 404661 PARTNERSHIP INCOME 541900 102571 -180210 282781 14026703 40820 40820 29918 0 29918 29918 29918 283830 251532 32298 23344 8954 14129739 13977394 -171256 323601 7870 898526 204227 1239944 347391 103589 666301 804627 COST OF POWER 8936215 ADMIN & GENERAL 930347 DISTRIBUTION-MAINTENANC 529469 DISTRIBUTION-OPERATIONS 469098 -1267344 13870260 1046660 297210 1141857 854868 44068 45946 771036 489439 645091 540270 32285724 7572107 19983636 24713617 673270 777341 5398274 5749156 9285 8914 29713177 33476761 1205346 1641956 17067886 21026612 1525252 8782 11196 19807266 22679764 X 0 0 0 0 9905911 10796997 9905911 10796997 29713177 33476761 X 259479 631607 X 0 1 X 1 0 2674 2674 355159 167250 187909 31927891 7404857 24523034 24713617 MEMBERSHIPS 8900 C EAST RIVER ELECTRIC POWER COOPERATIVE 4370469 C RURAL ELECTRIC SUPPLY COOPERATIVE 74545 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 954133 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 206557 C OTHER COOPERATIVES 30358 C FEDERATED RURAL ELECTRIC INSURANCE 64194 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 40000 C 5749156 CUSTOMER DEPOSITS 5619 DEFERRED CREDITS 5577 11196 X 14129739 0 14129739 0 14129739 12971733 0 12971733 898527 898527 13870260 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(12) OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT INCOME FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ASSOCIATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS PURPOSE. THE ASSOCIATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T)WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. A PROVISION FOR INCOME TAXES ON UNRELATED BUSINESS INCOME OF $-0- AND $53,454 IS INCLUDED WITH NON-OPERATING MARGINS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, RESPECTIVELY. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 898,527. X X 0 0 0 SCOTT MOORE GENERAL MANAGER/CEO/CFO 112638 0 0 0 1519 0 53449 0 21057 0 188663 0 0 0 SCHEDULE J, PART II, LINE 1, COLUMN C PART II COLUMN C INCLUDES $48,695 OF CHANGE IN ACTUARIAL BENEFITS FOR MR. MOORE'S DEFINED BENEFIT PLAN. ACTUAL CONTRIBUTIONS TO THIS PLAN BY THE COOPERATIVE WERE $22,656. MOORE BROTHERS CONSTRUCTION BROTHERS OF SCOTT MOORE, MANAGER 279485 SET AND RETURE POLES AND CONDUCTOR 0 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HOLDS ONE MEMBERSHIP AND HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A A NOMINATION COMMITTEE IS FORMED FROM THE MEMBERSHIPS IN THE DISTRICT(S) OF THE BOARD MEMBER BEING ELECTED. THAT COMMITTEE IS RESPONSIBLE FOR NOMINEES TO BE PLACED ON THE BALLOT. AN ELECTION IS HELD AT THE ANNUAL MEETING AND ALL MEMBERS HAVE ONE VOTE IN THE ELECTION OF THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO BY-LAWS MUST BE APPROVED BY MEMBERS. ALL MEMBERS HAVE ONE VOTE WITH THE SAME VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE GENERAL MANAGER/CEO WILL REVIEW THE FORM 990 BEFORE IT IS SUBMITTED TO THE IRS. THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AT A BOARD MEETING HELD PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR WILL DISCLOSE IN WRITING TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED BOARD MEETING ANY CONFLICT OF INTEREST, AS OUTLINED IN THE POLICY, AS THEY EXIST OR WHEN THEY MAY BE INVOLVED IN THE FUTURE. THE BOARD OF DIRECTORS MONITORS CONFLICTS AND IS OVERSEEN BY THE ASSOCIATION'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15A THE SDREA ANNUAL WAGE AND SALARY STUDY IS USED AS A BENCHMARK FOR WAGES FOR ALL EMPLOYEES. THIS PROCESS WAS UNDERTAKEN IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -279,759. INCREASE IN OTHER EQUITIES 12,840. ALLOCATION OF 2015 MARGINS TO MEMBERS IN 2016 898,526. FORM 990, PART VI, SECTION B, LINE 16B THE ORGANIZATION HAS NOT ADOPTED A WRITTEN POLICY HOWEVER, THE RURAL DEVELOPMENT UTILITITES PROGRAM LIMITS THE AMOUNT OF INCOME THAT CAN BE MADE FROM NONOPERATING VENTURES. OVER 85% OF GROSS REVENUES NEED TO COME FROM COOPERATIVE MEMBERSHIPS. 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 EXECUTIVE DIRECTOR. 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: 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. RURAL DAKOTA DEVELOPMENT LLC PO BOX 468 IPSWICH SD 57451 260078214 HOUSING DEVELOPMENT SD FEM ELECTRIC ASSOCIATION INC UNRELATED -992 69836 0 1 0.33330 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0