2011-05-16T08:33:10-05:00 2010-12-31 LARSONALLEN LLP 101 NORTH SECOND ST SUITE 200 MANKATO MN 56001 990 2010-01-01 410560428 AGRALITE ELECTRIC COOPERATIVE AGRA 3208434150 PO BOX 228 BENSON MN 56215 JAMES A LARSON 3208434150 2011-05-06 1 MICHAEL WARD 5073868800 2010 2016-02-24 21:20:13Z JAMES A LARSON PO BOX 228 BENSON MN 56215 18257671 0 X WWW.AGRALITE.COOP X 1939 MN DISTRIBUTE ELECTRICITY TO MEMBERSHIP. 7 7 32 0 102451 78521 0 0 17740849 17476577 28746 26857 579603 631817 18349198 18135251 0 0 0 0 208680 258735 0 0 0 17008978 17021100 17217658 17279835 1131540 855416 42171604 42661847 24134899 24198106 18036705 18463741 DISTRIBUTE ELECTRICITY TO MEMBERSHIP. 0 0 DISTRIBUTE ELECTRIC POWER TO APPROXIMATELY 5,000 MEMBERS. 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 1 0 0 0 0 0 0 0 0 0 1 12 0 1 32 1 1 1 0 0 0 0 17813451 647229 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 1 0 X DENISE RUNGE 3208434150 320 E HWY 12 BENSON MN 56215 JAMES A LARSON 6.00 X X 6600 0 0 HAROLD JACOBSON 6.00 X X 6600 0 0 LEFOREST GROFF 7.00 X X 7200 0 0 ORVIN GRONSETH 7.00 X 7050 0 0 ELDON KNUDSON 6.00 X 6000 0 0 WARREN RAU 5.00 X 5700 0 0 ANNETTE STELZIG 6.00 X 7650 0 0 KORWIN JOHNSON 50.00 X 196965 0 14970 243765 0 14970 1 0 1 0 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 3 SALE OF POWER 221000 17476577 17476577 17476577 26857 26857 183595 122420 61175 40260 20915 CAPITAL CREDITS 523000 489106 489106 K-1 INCOME - CHIPPEWA 900099 81361 81361 K-1 INCOME - STAR ENER 900099 175 175 570642 18135251 18005943 102451 26857 258735 1066583 1511739 COST OF POWER 10357487 DIST. EXP. - OPERATIONS 1220761 DIST. EXP. - MAINTENANC 1162185 ADMINISTRATIVE & GENERA 768164 SALES EXPENSE 622843 311338 17279835 2351832 2237570 1832347 1632001 772414 614479 177210 144299 55013750 22602932 31742376 32410818 5265097 5592349 24092 24092 6236 6239 42171604 42661847 2588094 2607841 37013 43756 21395522 21429986 114270 116523 24134899 24198106 X 0 0 0 0 18036705 18463741 18036705 18463741 42171604 42661847 X 855416 -428380 X X 0 1 1 X 0 105755 105755 850174 336262 513912 3096354 2997839 98515 50961467 19268831 31692636 32410818 PATRONAGE CAPITAL FROM ASSOC. ORGS. 4833546 C CAPITAL TERM CERTIFICATES 495705 C OTHER INVESTMENTS IN ASSOC. ORGS. 263098 C 5592349 CONSUMER DEPOSITS 52490 PATRONAGE CAPITAL PAYABLE 64033 116523 18135251 17279835 855416 -428380 -428380 427036 18069804 16089 16089 18053715 81536 81536 18135251 17279835 0 17279835 0 17279835 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. X 0 0 0 KORWIN JOHNSON 162062 0 0 0 34903 0 0 0 14970 0 211935 0 0 0 HAROLD JACOBSON ALSO A BOARD MEMBER OF GREAT RIVER ENERGY 5787524 GREAT RIVER ENERGY IS THE MAJOR SUPPLIER OF POWER FOR AGRALITE ELECTRIC COOPERATIVE. 0 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. FORM 990, PART VI, SECTION B, LINE 12C THE MANAGEMENT OF THE COOPERATIVE HANDLES ALL CONFLICTS OF INTEREST AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGERS SALARY IS COMPARED TO OTHER COOPERATIVES THROUGH INDUSTRY SURVEY AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 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 XII, LINE 2C 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.