2012-09-17T08:47:34-05:00 2011-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH STREET PO BOX 5125 SIOUX FALLS SD 571175125 990 2011-01-01 460213171 FEM ELECTRIC ASSOCIATION INC FEME 6054266891 PO BOX 468 IPSWICH SD 574510468 SCOTT MOORE 6054266891 2012-08-22 1 LAURIE HANSON P00851848 6053391999 2012-08-22 2011 2016-02-24 21:20:13Z SCOTT MOORE PO BOX 468 IPSWICH SD 574510468 11460665 0 X WWW.FEMELECTRIC.COOP X 1949 SD TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS, BY SAFELY PROVIDING RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES. 5 5 24 0 132512 31006 0 0 10201321 11341571 59845 56423 27328 10108 10288494 11408102 0 0 0 835998 1409447 1560774 0 0 0 8372815 8826285 9782262 11223057 506232 185045 28059697 39894432 21544718 32365958 6514979 7528474 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 1,327 MEMBERS AND REPLACED 560 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 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 37 0 1 24 1 1 1 0 0 0 0 0 0 10818119 249414 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 8113 0 0 GARY BACHMAN 5.80 X X 11963 0 0 LARRY BOWAR 5.00 X X 6875 0 0 FRANK HEINZ 5.00 X X 8663 0 0 GERALD HAUPT 5.00 X X 9763 0 0 SCOTT MOORE 54.00 X 93687 0 46775 139064 0 46775 0 0 0 0 K&H ELECTRIC INC PO BOX 656 LINTON ND 58552 URD PLOWING, TRENCHING & BORING 3289637 MOORE BROTHERS CONSTRUCTION 31668 279TH STREET WINNER SD 57580 RETIRE OVERHEAD LINE, DEBRIS CLEANUP 745147 KARIANPETERSON POWER LINE CONTRACTING PO BOX 345 MONTEVIDEO MN 56265 TERMINATE OVERHEAD & CONNECT URD 445361 DAVID SWENSON CONSTRUCTION 3121 20TH STREET SLAYTON MN 56172 RETIRE OVERHEAD LINE 396219 LARSON UTILITY SOLUTIONS INC 601 LINCOLN AVE NW HURON SD 57350 PROJECT MANAGEMENT 223717 8 SALE OF POWER 221000 10804597 10804597 COOP CAPITAL CREDITS 221000 392832 392832 INTERNET INCOME 517000 116252 9876 106376 PARTNERSHIP INCOME 541900 27590 26136 1454 OTHER NON-OPERATING 221000 300 300 11341571 53029 53029 3394 0 3394 3394 3394 62671 52563 10108 10108 11408102 11217713 132512 57877 835998 179553 1087587 226929 66705 793552 718216 UBI TAXES 18895 COST OF POWER 6838445 ADMIN & GENERAL 693743 DISTRIBUTION-MAINTENANC 395598 -632164 11223057 304397 189178 6252925 13751388 655958 890894 86242 68704 1018725 1377730 59748 86863 27139348 8386436 15265716 18752912 427618 455208 3976307 4313978 12061 7577 28059697 39894432 1006633 908083 12969607 14265084 7557387 17125962 11091 66829 21544718 32365958 X 0 0 0 0 6514979 7528474 6514979 7528474 28059697 39894432 X 185045 828450 X 0 1 0 X 1 1 2674 2674 345454 110645 234809 26791220 8275791 18515429 18752912 MEMBERSHIPS 8900 C EAST RIVER ELECTRIC POWER COOPERATIVE 3044968 C RURAL ELECTRIC SUPPLY COOPERATIVE 42666 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 904829 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 200384 C OTHER COOPERATIVES 18697 C FEDERATED RURAL ELECTRIC INSURANCE 53534 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 40000 C 4313978 CUSTOMER DEPOSITS 6669 DEFERRED CREDITS 2447 OTHER CURRENT LIABILITIES 57713 66829 11408102 11223057 185045 828450 828450 1013495 11313028 0 11313028 95074 95074 11408102 10291985 0 10291985 931072 931072 11223057 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -16,873. GAIN ON CAPITAL CREDITS 8,495. TRANSFER OF UNCLAIMED CAPITAL CREDITS 830. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 835,998. TOTAL TO SCHEDULE D, PART XI, LINE 8: 828,450. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 95,074. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 95,074. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 835,998. MOORE BROTHERS CONSTRUCTION BROTHERS TO SCOTT MOORE, GENERAL MANAGER/CEO 745147 CONTRACTOR FOR DEBRIS REMOVAL 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 2011. 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 5: RETIREMENT OF CAPITAL CREDITS -16,873. GAIN ON CAPITAL CREDITS 8,495. TRANSFER OF UNCLAIMED CAPITAL CREDITS 830. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 835,998. TOTAL TO FORM 990, PART XI, LINE 5: 828,450. 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 -163 93234 0 1 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0