2013-10-03T10:09:26-05:00 2012-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2012-01-01 460213171 FEM ELECTRIC ASSOCIATION INC FEME 6054266891 PO BOX 468 IPSWICH SD 574510468 SCOTT MOORE 6054266891 2013-09-18 1 LAURIE HANSON P00851848 6053391999 2013-09-18 2012 2016-02-24 21:20:13Z SCOTT MOORE PO BOX 468 IPSWICH SD 574510468 12428935 0 X WWW.FEMELECTRIC.COOP X 1949 SD TO SAFELY PROVIDE RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES. 5 5 23 0 84669 77686 0 0 11341571 11976607 56423 77109 10108 53865 11408102 12107581 0 6264 835998 404428 1560774 1652973 0 0 0 8826285 9844044 11223057 11907709 185045 199872 39894432 34564292 32365958 26444727 7528474 8119565 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 1,307 MEMBERS AND REPLACED 95 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 0 0 0 0 0 0 0 1 1 0 0 1 28 0 1 23 1 1 1 0 0 0 0 0 0 11668929 537908 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 ALDEN FLAKOLL 5.00 X X 6335 0 0 GARY BACHMAN 5.80 X X 9773 0 0 LARRY BOWAR 5.00 X X 8673 0 0 FRANK HEINZ 5.00 X X 9773 0 0 GERALD HAUPT 5.00 X X 10460 0 0 SCOTT MOORE 41.00 X 95968 0 54172 140982 0 54172 0 0 1 0 K&H ELECTRIC INC 243 S SAINT PAUL AVE LINTON ND 58552 BORING URD CABLE 1186942 DALAGER ENGINEERING 936 RAILROAD BATH SD 57427 ENGINEERING/MAPPING 151179 2 SALE OF POWER 221000 11514373 11514373 COOP CAPITAL CREDITS 221000 371995 371995 INTERNET INCOME 517000 80468 2727 77741 PARTNERSHIP INCOME 541900 9771 6928 2843 11976607 58487 58487 21522 2900 18622 18622 18622 372319 318454 53865 53865 12107581 11942960 84669 79952 6264 404428 186140 1150502 245906 70425 1075167 721125 COST OF POWER 7606353 ADMIN & GENERAL 708036 DISTRIBUTION-MAINTENANC 433396 DISTRIBUTION-OPERATIONS 408152 -1108185 11907709 189178 226093 13751388 7911830 890894 798378 68704 53765 1377730 1191495 86863 83368 27437929 8535749 18752912 18902180 455208 747708 4313978 4639738 7577 9737 39894432 34564292 908083 997491 14265084 14640910 17125962 10746179 66829 60147 32365958 26444727 X 0 0 0 0 7528474 8119565 7528474 8119565 39894432 34564292 X 199872 391219 X 0 1 X 0 1 1 2674 2674 350842 125763 225079 27084413 8409986 18674427 18902180 MEMBERSHIPS 8900 C EAST RIVER ELECTRIC POWER COOPERATIVE 3348047 C RURAL ELECTRIC SUPPLY COOPERATIVE 51744 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 916532 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 200384 C OTHER COOPERATIVES 21200 C FEDERATED RURAL ELECTRIC INSURANCE 52931 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 40000 C 4639738 CUSTOMER DEPOSITS 5668 DEFERRED CREDITS 2356 OTHER CURRENT LIABILITIES 52123 60147 X 12037716 0 12037716 69865 69865 12107581 11433416 0 11433416 474293 474293 11907709 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION 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 ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 69,865. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 69,865. ALLOCATION OF 2012 MARGINS TO MEMBERS IN 2013 404,428. X X 0 0 0 SCOTT MOORE 95285 0 0 0 683 0 35677 0 20064 0 151709 0 0 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 BOARD ALSO REVIEWS THE 990 IF THERE IS ADEQUATE TIME TO HOLD A BOARD MEETING BEFORE THE FILING DUE DATE. 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. THIS PROCESS WAS UNDERTAKEN IN 2012. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -26,472. INCREASE IN OTHER EQUITIES 13,263. ALLOCATION OF 2012 MARGINS TO MEMBERS IN 2013 404,428. 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 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. ALLOCATED AND OTHER EXPENSE: 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 INVESTMENT INCOME -685 94049 0 1 0.33330 NORTH STAR ENERGY LLC 4418 MAIN STREET SELBY SD 57472 481268151 LP GAS SALES SD FEM ELECTRIC ASSOCIATION INC UNRELATED 6065 1044838 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0