AGRALITE ELECTRIC COOPERATIVE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- AGRALITE ELECTRIC COOPERATIVE (EIN 41-0560428)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-16
- IRS object ID
- 201101369349301510
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T08:33:10-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 NORTH SECOND ST SUITE 200 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410560428 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AGRALITE ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AGRA | NameControl |
| Phone | 3208434150 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 228 | AddressLine1 |
| City | BENSON | City |
| State | MN | State |
| ZIP Code | 56215 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES A LARSON | Name |
| Title | PRESIDENT | Title |
| Phone | 3208434150 | Phone |
| Date Signed | 2011-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL WARD | Name |
| Phone | 5073868800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAMES A LARSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 228 | AddressLine1 |
| City | BENSON | City |
| State | MN | State |
| ZIP Code | 56215 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18257671 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.AGRALITE.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | DISTRIBUTE ELECTRICITY TO MEMBERSHIP. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 32 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 102451 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 78521 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17740849 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17476577 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 28746 | InvestmentIncomePriorYear |
| Investment Income Current Year | 26857 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 579603 | OtherRevenuePriorYear |
| Other Revenue Current Year | 631817 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18349198 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18135251 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 208680 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 258735 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 17008978 | OtherExpensePriorYear |
| Other Expenses Current Year | 17021100 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17217658 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17279835 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1131540 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 855416 | RevenuesLessExpensesCY |
| Total Assets BOY | 42171604 | TotalAssetsBOY |
| Total Assets EOY | 42661847 | TotalAssetsEOY |
| Total Liabilities BOY | 24134899 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24198106 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 18036705 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 18463741 | NetAssetsOrFundBalancesEOY |
| Mission Description | DISTRIBUTE ELECTRICITY TO MEMBERSHIP. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | DISTRIBUTE ELECTRIC POWER TO APPROXIMATELY 5,000 MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 12 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 32 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 17813451 | GrossIncomeFromMembers |
| Gross Income Other Sources | 647229 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DENISE RUNGE | NamePerson |
| Telephone Number | 3208434150 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 E HWY 12 | AddressLine1 |
| City | BENSON | City |
| State | MN | State |
| ZIP Code | 56215 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JAMES A LARSON | ||||||
| BOARD PRESIDENT | 6.00 | X | X | 6600 | 0 | 0 |
| HAROLD JACOBSON | ||||||
| BOARD VICE PRESIDENT | 6.00 | X | X | 6600 | 0 | 0 |
| LEFOREST GROFF | ||||||
| BOARD SEC/TREASURER | 7.00 | X | X | 7200 | 0 | 0 |
| ORVIN GRONSETH | ||||||
| BOARD DIRECTOR | 7.00 | X | 7050 | 0 | 0 | |
| ELDON KNUDSON | ||||||
| BOARD DIRECTOR | 6.00 | X | 6000 | 0 | 0 | |
| WARREN RAU | ||||||
| BOARD DIRECTOR | 5.00 | X | 5700 | 0 | 0 | |
| ANNETTE STELZIG | ||||||
| BOARD DIRECTOR | 6.00 | X | 7650 | 0 | 0 | |
| KORWIN JOHNSON | ||||||
| GENERAL MANAGER | 50.00 | X | 196965 | 0 | 14970 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 243765 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 14970 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| STAR ENERGY SERVICES | |||||
| 6875 CO RD 28 SW SUITE 2 | ALEXANDRIA | MN | 56308 | ENGINEERING & SAFETY | 403190 |
| CARR'S TREE SERVICE | |||||
| PO BOX 250 | OTTERAIL | MN | 56571 | RIGHT OF WAY TREE CLEARING | 232979 |
| PUSH INC | |||||
| 2170 18TH STREET | RICE LAKE | WI | 54868 | POWER LINE CONSTRUCTION | 123087 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SALE OF POWER | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 17476577 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17476577 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17476577 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26857 | TotalRevenueColumn |
| Exclusion | $26,857 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 183595 | GrossSalesOfInventory |
| Cost Of Goods Sold | 122420 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61175 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40260 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 20915 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| CAPITAL CREDITS | 523000 | 489106 | 489106 | |
| K-1 INCOME - CHIPPEWA | 900099 | 81361 | 81361 | |
| K-1 INCOME - STAR ENER | 900099 | 175 | 175 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 570642 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18135251 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18005943 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 102451 | UnrelatedBusinessRevenue |
| Exclusion | $26,857 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258735 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1066583 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1511739 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 10357487 |
| DIST. EXP. - OPERATIONS | 1220761 |
| DIST. EXP. - MAINTENANC | 1162185 |
| ADMINISTRATIVE & GENERA | 768164 |
| SALES EXPENSE | 622843 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 311338 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17279835 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2351832 | BOY |
| EOY | 2237570 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1832347 | BOY |
| EOY | 1632001 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 772414 | BOY |
| EOY | 614479 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177210 | BOY |
| EOY | 144299 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 55013750 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22602932 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31742376 | BOY |
| EOY | 32410818 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5265097 | BOY |
| EOY | 5592349 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24092 | BOY |
| EOY | 24092 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6236 | BOY |
| EOY | 6239 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42171604 | BOY |
| EOY | 42661847 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2588094 | BOY |
| EOY | 2607841 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37013 | BOY |
| EOY | 43756 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21395522 | BOY |
| EOY | 21429986 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114270 | BOY |
| EOY | 116523 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24134899 | BOY |
| EOY | 24198106 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18036705 | BOY |
| EOY | 18463741 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18036705 | BOY |
| EOY | 18463741 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42171604 | BOY |
| EOY | 42661847 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 855416 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -428380 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 105755 | OtherCostOrOtherBasis |
| Book Value | 105755 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 850174 | OtherCostOrOtherBasis |
| Depreciation | 336262 | Depreciation |
| Book Value | 513912 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3096354 | OtherCostOrOtherBasis |
| Depreciation | 2997839 | Depreciation |
| Book Value | 98515 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 50961467 | OtherCostOrOtherBasis |
| Depreciation | 19268831 | Depreciation |
| Book Value | 31692636 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32410818 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PATRONAGE CAPITAL FROM ASSOC. ORGS. | 4833546 | C |
| CAPITAL TERM CERTIFICATES | 495705 | C |
| OTHER INVESTMENTS IN ASSOC. ORGS. | 263098 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 5592349 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $52,490 |
| PATRONAGE CAPITAL PAYABLE | $64,033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 116523 | TotalOfAmounts |
| Total Revenue | 18135251 | TotalRevenue |
| Total Expenses | 17279835 | TotalExpenses |
| Excess Or Deficit For Year | 855416 | ExcessOrDeficitForYear |
| Other | -$428,380 | OtherAmount |
| Total Adjustments | -428380 | TotalAdjustments |
| Excess Or Deficit Per FS | 427036 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18069804 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 16089 | OtherRevenues |
| Revenue Not Rptd F990 | 16089 | RevenueNotRptdF990 |
| Revenue Subtotal | 18053715 | RevenueSubtotal |
| Other Revenues Not Included | 81536 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 81536 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18135251 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17279835 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17279835 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17279835 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2010. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CAPITAL CREDITS RETIRED -356,179. BOOK TO TAX DIFFERENCE 65,447. CHANGE IN OTHER EQUITIES -137,648. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EQUITY IN EARNINGS OF STAR ENERGY SERVICES, LLC 16,089. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INCOME K-1 - STAR ENERGY SERVICES, LLC 175. INCOME K-1 - CHIPPEWA VALLEY ETHANOL COMPANY, LLP 81,361. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KORWIN JOHNSON | NamePerson |
| Base Compensation Filing Org | 162062 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 34903 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 14970 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 211935 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HAROLD JACOBSON | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | ALSO A BOARD MEMBER OF GREAT RIVER ENERGY | Relationship |
| Amount Of Transaction | 5787524 | AmountOfTransaction |
| Description Of Transaction | GREAT RIVER ENERGY IS THE MAJOR SUPPLIER OF POWER FOR AGRALITE ELECTRIC COOPERATIVE. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS ONE VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERSHIP MUST APPROVE CHANGES TO THE BY-LAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | BOARD OF DIRECTORS RECEIVED A COPY IN MAIL PRIOR TO THE FORM 990 BEING FILED. THE FORM WILL BE REVIEWED AND APPROVED DURING THE MONTHLY BOARD MEETING. | |
| THE MANAGEMENT OF THE COOPERATIVE HANDLES ALL CONFLICTS OF INTEREST AS THEY ARISE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE GENERAL MANAGERS SALARY IS COMPARED TO OTHER COOPERATIVES THROUGH INDUSTRY SURVEY AND APPROVED BY THE BOARD OF DIRECTORS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | CAPITAL CREDITS RETIRED -356,179. BOOK TO TAX DIFFERENCE 65,447. CHANGE IN OTHER EQUITIES -137,648. TOTAL TO FORM 990, PART XI, LINE 5: -428,380. | FORM 990, PART XI, LINE 5: |
| THE BOARD OF DIRECTORS RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XII, LINE 2C |
Comments