2011-06-30T08:39:01-05:00 2010-12-31 EIDE BAILLY LLP 200 EAST 10TH STREET PO BOX 5125 SIOUX FALLS SD 571175125 990 2010-01-01 460213171 FEM ELECTRIC ASSOCIATION INC FEME 6054266891 PO BOX 468 IPSWICH SD 574510468 SCOTT MOORE 6054266891 2011-06-27 1 LAURIE HANSON 6053391999 2011-06-27 2010 2016-03-07 17:11:31Z SCOTT MOORE PO BOX 468 IPSWICH SD 574510468 10439519 0 X N/A X 1949 SD TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS, BY SAFELY PROVIDING RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES. 5 5 26 0 191147 81530 0 0 9592357 10201321 42192 59845 497 27328 9635046 10288494 0 0 0 0 1007475 1409447 0 0 0 7492240 8372815 8499715 9782262 1135331 506232 18644109 28059697 12410649 21544718 6233460 6514979 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 1,317 MEMBERS AND REPLACED 10.32 MILES OF OVERHEAD WITH 8.04 MILES OF UNDERGROUND LINES. 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 1 0 0 0 0 0 0 1 1 0 0 1 76 0 1 26 1 1 1 0 0 0 0 0 0 9667765 324970 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 1 0 X SCOTT MOORE 6054266891 PO BOX 468 IPSWICH SD 574510468 ALDEN FLAKOLL 4.00 X X 7715 0 0 GARY BACHMAN 5.00 X X 10863 0 0 QUINTON WOLFF TERMINATED JUNE 2010 4.00 X X 2920 0 0 LARRY BOWAR 4.00 X X 6890 0 0 FRANK HEINZ 4.00 X X 8127 0 0 GERALD HAUPT 4.00 X X 5515 0 0 SCOTT MOORE 50.00 X 95094 0 44085 137124 0 44085 0 0 0 0 WARD ELECTRIC COMPANY INC PO BOX 1057 LONGMONT CO 80502 STORM ASSISTANCE 2060562 CHAIN ELECTRIC COMPANY PO BOX 2058 HATTIESBURG MS 39403 STORM ASSISTANCE 1199548 CUSTOM POWERLINE CONSTRUCTION PO BOX 459 FAIRVIEW OK 73737 STORM ASSISTANCE 1056853 K&H ELECTRIC INC PO BOX 656 LINTON ND 58552 TRENCHING, DIGGING, AND BORING. 994326 AEVENIA INC 3030 24TH AVE S MOORHEAD MN 56560 STORM ASSISTANCE 673476 14 SALE OF ELECTRICITY 221000 9664584 9664584 COOP CAPITAL CREDITS 221000 345590 345590 INTERNET INCOME 519100 134905 134905 PARTNERSHIP INCOME 541900 56242 56242 10201321 59845 59845 161853 151025 10828 10828 INCOME TAX 221000 16500 16500 16500 10288494 10021002 191147 76345 179528 958042 191312 80565 664244 668687 COST OF POWER 6271820 DIST. - MAINTENANCE 871270 ADMIN. AND GENERAL 431190 UBI TAXES 6500 ALLOCATED AND OTHER -540896 9782262 168815 304397 6252925 890269 655958 90201 86242 311966 1018725 44092 59748 22824912 7559196 13097290 15265716 342193 427618 3690152 3976307 9131 12061 18644109 28059697 899037 1006633 11499829 12969607 7557387 11783 11091 12410649 21544718 X 0 0 0 0 6233460 6514979 6233460 6514979 18644109 28059697 X 506232 -224713 X 0 1 1 X 1 1 2674 2674 235453 96852 138601 22586785 7462344 15124441 15265716 INVESTMENTS IN ASSOCIATED COMPANIES 3976307 C 3976307 CUSTOMER DEPOSITS 7469 DEFERRED CREDITS 3622 11091 10288494 9782262 506232 -224713 -224713 281519 10189772 0 10189772 98722 98722 10288494 9647357 0 9647357 134905 134905 9782262 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010 AND 2009, THERE WAS NO UNRECOGNIZED TAX BENEFIT ACCRUAL. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -270,252. GAIN ON RETIREMENT OF CAPITAL CREDITS 9,356. BOOK/TAX DIFFERENCE ON PASSTHROUGH INCOME 36,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF INTERNET 134,905. BOOK/TAX DIFFERENCE ON PASSTHROUGH REVENUE -36,183. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF INTERNET 134,905. MOORE BROTHERS CONSTRUCTION BROTHERS TO SCOTT MOORE, GENERAL MANAGER/CEO 457641 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 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 2010. 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 -270,252. GAIN ON RETIREMENT OF CAPITAL CREDITS 9,356. BOOK/TAX DIFFERENCE ON PASSTHROUGH INCOME 36,183. TOTAL TO FORM 990, PART XI, LINE 5: -224,713. 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. OTHER COMPENSATION: 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. RURAL DAKOTA DEVELOPMENT LLC PO BOX 468 IPSWICH SD 57451 260078214 HOUSING DEVELOPMENT SD INVESTMENT INCOME -447 93396 0 1 0.33333 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0