2011-07-15T12:58:11-05:00 2010-12-31 LARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2010-01-01 390212464 CLARK ELECTRIC COOPERATIVE CLAR 7152676188 124 NORTH MAIN STREET GREENWOOD WI 54437 WILMER GRIEPENTROG 7152676188 2011-06-30 1 DEAN ROHNE 5074347000 2010 2016-02-24 21:20:13Z WILMER GRIEPENTROG 124 NORTH MAIN STREET GREENWOOD WI 54437 19135600 0 X WWW.CECOOP.COM X 1937 WI PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 7 7 30 0 0 0 0 0 17824651 18388776 247390 245381 340676 420060 18412717 19054217 0 0 0 0 230213 240485 0 0 0 16700764 17111477 16930977 17351962 1481740 1702255 35921612 37195819 8841148 8978516 27080464 28217303 PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS 0 0 THE COOPERATIVE SOLD 171,172,345 KWH OF ELECTRICITY TO 8,898 MEMBERS DURING 2010. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 12 0 1 30 1 0 0 0 0 0 18581315 750655 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DONNA ABEL OFFICE MANAGER 7152676188 124 NORTH MAIN STREET GREENWOOD WI 54437 WILMER GRIEPENTROG 8.30 X 7200 950 0 RONALD E SCHMIDT 7.30 X 7200 0 0 CLARENCE HOESLY 3.00 X 5515 790 0 ANTHONY JAROCKI 6.00 X 8160 0 0 HOWARD SCHULTZ 7.10 X 6720 0 0 CHARLES E BENA 7.60 X 6720 0 0 JEREMY BAXTER 6.60 X 5760 0 0 TIMOTHY E STEWART 50.00 X 135409 4800 57801 182684 6540 57801 1 0 1 0 NEW AGE TREE SERVICE PO BOX 543 SPRING GROVE MN 55974 TREE TRIMMING, CUTTING, AND RIGHT OF WAY 276529 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SUPPORT AND BILLING SERVICES 113475 COOPERATIVE NETWORK 1 S PINCKNEY STREET MADISON WI 53703 JOB TRAINING, DUES, AND WISCONSIN ENERGY 107767 3 SALE OF POWER 221000 18388776 18388776 18388776 245381 245381 53859 43384 10475 10475 10475 10413 37999 -27586 -27586 CAPITAL CREDITS 900099 445010 445010 MISCELLANEOUS 900099 -7839 -7839 437171 19054217 18798361 0 255856 240485 292552 949103 COST OF POWER 12426461 DIST EXP - MAINTENANCE 1214444 DIST EXP - OPERATIONS 968327 CONSUMER ACCT EXPENSE 472952 ADMIN & GENERAL EXP 401505 386133 17351962 144189 681095 521188 130798 1931293 2051840 69600 44179 286876 258190 115764 157366 30225464 7743162 21842528 22482302 164181 179845 4348553 4551905 6347623 6610421 149817 47878 35921612 37195819 1902589 1885974 6040584 6346218 897975 746324 8841148 8978516 X 0 0 0 0 27080464 28217303 27080464 28217303 35921612 37195819 X 1702255 -565416 X X 0 1 1 X 0 67389 67389 965448 680852 284596 2773256 1743466 1029790 26419371 5318844 21100527 22482302 4551905 C 4551905 DAIRYLAND POWER COOPERATIVE 5703304 C NRUCFC - PATRONAGE CAPITAL 54976 C NRUCFC - CAPITAL TERM CERTIFICATES 417278 C FEDERATED RURAL INSURANCE EXCHANGE - PATRONAGE CAPITAL 111858 C FEDERAL ECONOMIC DEVELOPMENT LOAN 82500 C OTHER PATRONAGE CAPITAL 138980 C OTHER PROGRAM RELATED 101525 C 6610421 CONSUMER DEPOSITS 101688 CAPITAL CREDITS PAYABLE 644636 746324 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE AND ITS SUBSIDIARY 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. THE COOPERATIVE'S 2007, 2008, AND 2009 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. X X 0 0 0 TIMOTHY E STEWART 135409 0 0 0 0 4800 38396 0 19405 0 193210 4800 0 0 TIMOTHY E STEWART OFFICER 27889 MR. STEWART SERVES AS A DIRECTOR ON THE BOARD OF COOPERATIVE RESPONSE CENTER, WHO PROVIDES CALL CENTER SERVICES TO CLARK ELECTRIC COOPERATIVE. 0 JEREMY BAXTER DIRECTOR 104324 MR. BAXTER SERVES AS A DIRECTOR ON THE BOARD OF HEARTLAND COOPERATIVE SERVICES, WHO PROVIDES PETROLEUM PRODUCTS TO CLARK ELECTRIC COOPERATIVE. 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM, ASSOCIATION, CORPORATION, OR BODY POLITIC OR SUBDIVISION THEREOF WILL BECOME A MEMBER OF CLARK ELECTRIC COOPERATIVE UPON RECEIPT OF ELECTRIC SERVICE FROM THE COOPERATIVE, PROVIDED THAT HE OR SHE HAS FIRST MADE AN APPLICATION FOR MEMBERSHIP, AGREED TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AND AGREED TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS A CURRENT USER OF ELECTRICITY FROM THE COOPERATIVE SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. MEMBER RIGHTS INCLUDE ELECTION OF THE BOARD OF DIRECTORS. THE MEMBERSHIP MAY AMEND THE BY-LAWS OF THE COOPERATIVE BY A MAJORITY VOTE AT THE COOPERATIVE'S ANNUAL MEETING. IN KEEPING WITH A NOT-FOR-PROFIT OPERATIONS, MEMBERS ARE ASSIGNED PATRONAGE CAPITAL. THIS PATRONAGE CAPITAL IS RETIRED AS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR ARTICLES OF INCORPORATION OR BY-LAW CHANGES. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS WAS PROVIDED WITH A COPY OF THE FORM 990, PRIOR TO FILING. THE DIRECTORS APPROVED FILING OF THE RETURN AS PRESENTED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED PERIODICALLY, BUT NO LESS THAN, ONCE EVERY THREE YEARS. THE BOARD OF DIRECTORS COMPLETES AN ANNUAL ASSESSMENT, LAST COMPLETED IN MAY 2010, AND SUPERVISORS ARE RESPONSIBLE FOR REPORTING ANY CONFLICTS IMMEDIATELY TO THE CEO/GENERAL MANAGER. WHILE THE COOPERATIVE HAS NOT CURRENTLY IDENTIFIED ANY CONFLICTS, IT'S POLICY IS THAT THE SUPERVISOR SHALL, IN CONSULTATION WITH THE CEO/GENERAL MANAGER, DETERMINE THE APPROPRIATE DISCIPLINARY ACTION. SERIOUS OR CONTINUOUS VIOLATIONS OF POLICY MAY RESULT IN DISMISSAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPARED THE CEO/GENERAL MANAGER'S SALARY TO DATA COMPILED BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE MANAGERS IN THE UNITED STATES. THE CEO/GENERAL MANAGER'S SALARY WAS LAST REVIEWED IN JUNE 2010. THE SAME PROCESS WAS FOLLOWED FOR OTHER OFFICERS AND KEY STAFF IN SEPTEMBER 2010. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE 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: NET UNREALIZED GAINS ON INVESTMENTS: 64,973. RETIREMENT OF CAPITAL CREDITS -761,930. CHANGES IN OTHER EQUITY -12,738. EQUITY EARNINGS 344,279. DIVIDENDS RECEIVED FROM SUBSIDIARY -200,000. TOTAL TO FORM 990, PART XI, LINE 5: -565,416. FORM 990, XII, LINE 2C THE COOPERATIVE'S OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT AUDITOR HAS NOT CHANGED. ADLER-CLARK ELECTRIC COMMUNITY COMMITMENT FOUNDATION TRUST PO BOX 190 GREENWOOD WI 54437 202040648 FOUNDATION WI 501(C)(3) PF CLARK ELECTRIC APPLIANCE & SATELLITE 0 CLARK ELECTRIC APPLIANCE & SATELLITE 111 E MILLER GREENWOOD WI 54437 391785423 SALE OF APPLIANCES AND SATELLITE SERVICES WI N/A C 344279 5590199 1.00000 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 1 CLARK ELECTRIC APPLIANCE & SATELLITE J 195112 CLARK ELECTRIC APPLIANCE & SATELLITE R 200000 CLARK ELECTRIC APPLIANCE & SATELLITE A 52704