2024-07-02T17:20:20-07:00 2023-12-31 921260342 KAREN B SOULEK 29162 389th Ave LAKE ANDES SD 57356 990 2023-01-01 460212103 CHARLES MIX ELECTRIC ASSOCIATION INC CHAR 6054877321 PO BOX 10 LAKE ANDES SD 573560010 RUSSELL A GALL GENERAL MANAGER 6054877321 2024-07-02 true RUSSELL GALL XXX-XX-XXXX true KAREN B SOULEK P01481366 6054911936 2024-07-02 X 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z RUSSELL A GALL PO Box 10 Lake Andes SD 57356 9552250 false X www.cme.coop X 1945 SD TO SERVE THE BEST INTERESTS OF OUR MEMBERS 7 7 16 0 0 0 0 72090 0 0 202758 79802 5386726 5131823 5589484 5283715 2966 4575 666698 711670 1520478 1634863 0 0 0 2659891 2707762 4850033 5058870 739451 224845 36103804 35410924 24006903 23036583 12096901 12374341 TO SERVE THE BEST INTERESTS OF OUR MEMBERS false false SALE OF ELECTRICITY TO 1856 MEMBERS PUBLISH AND DISTRIBUTE NEWSLETTER TO MEMBERS false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 130 0 16 true false false false false false 9039879 165087 false false false X 7 7 false false false false true true false true true false false true true true true false true true true false X RUSSELL GALL GM 6054877321 PO BOX 10 LAKE ANDES SD 57356 RUSSELL GALL GENERAL MANAGER 40.00 X 155172 0 105517 CHAD LOEFFLER SUPERINTENDENT 40.00 X 108152 0 56129 DONALD R KRCIL SECRETARY 4.00 X X 9675 0 0 TODD LINK DIRECTOR 6.00 X 8525 0 0 DENISE SOUKUP DIRECTOR 4.00 X 8525 0 0 BRICE BULTJE DIRECTOR 3.00 X 7700 0 0 RON SAMUELSON DIRECTOR 5.00 X 7425 0 0 RICHARD D DVORAK PRESIDENT 3.00 X X 6875 0 0 SAM SCHUMAN VICE PRESIDENT 5.00 X X 6600 0 0 318649 0 161646 2 false true false LARSON DIGGING INC 601 LINCOLN AVE NW HURON SD 57350 SPECIAL SERVICES,DIGGING 169397 1 72090 72090 68086 0 68086 300 0 300 300 300 11716 0 11716 11716 0 0 11716 8903680 4268535 4635145 4627557 7588 496378 480322 0 16056 496378 5283715 5107879 0 103746 4325 0 250 0 711670 0 316014 0 0 0 566513 0 0 0 335277 0 0 0 350237 0 0 0 66822 0 0 0 25348 0 0 0 33821 0 0 0 69204 0 0 0 7573 0 0 0 168512 0 0 0 50928 0 0 0 81800 0 0 0 745229 0 0 0 1102045 0 0 0 41838 0 0 0 REPAIRS & MAINTENANCE 214240 0 0 0 GROSS RECEIPTS TAX 112913 0 0 0 DUES 45978 0 0 0 BAD DEBT ENERGY 1200 0 0 0 7133 0 0 0 5058870 0 0 0 2838 6197 761024 629568 0 0 71978 73132 586153 842798 878335 62393 38203985 11047506 26751911 27156479 6979868 5664066 71697 976291 36103804 35410924 885990 811138 70693 113465 22978640 22046483 71580 65497 24006903 23036583 X 969226 1021822 11127675 11352519 12096901 12374341 36103804 35410924 X 224845 52595 X false true X true false 0 120567 120567 0 5551067 278624 5272443 0 0 0 0 0 2648331 1254113 1394218 0 29884020 9514769 20369251 27156479 INVESTMENT IN ASSOC. ORG-PAT CAPITAL 5165502 C INVESTMENT IN CFC CAP TERM CERT & SEC 227461 C INVESTMENT IN ASSOC ORG-OTHER 3935 C OTHER INVESTMENTS 227168 C INVESTMENT IN ECONOMIC DEV PROJECT 40000 C 5664066 CUSTOMER DEPOSITS 65497 65497 9615261 4333167 4333167 5282094 1621 1621 5283715 9325784 4268535 4268535 5057249 1621 1621 5058870 Pt XI, Line 2d COST OF GOODS SOLD $4,268,535 Pt XI, Line 2d CHANGE IN OTHER EQUITIES $ 52,916 Pt XI, Line 2d SALE OF ASSETS $ 11,716 Pt XI, Line 4b INTERNET EXPENSE NETTED WITH REV FOR FS $ 1,621 Pt XII, Line 2d COST OF GOODS SOLD $4,268,535 Pt XII, Line 2d DEPREC RECAPUTURE ON SALE OF ASSETS $ 11,716 Pt XII, Line 4b INTERNET EXPENSE NETTED WITH REV FOR FS $ 1,621 Other PART X - FIN 48 FOOTNOTE Other THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION HAS MET THE REQUIREMENT THAT MORE THAN 85 PERCENT OF ITS REVENUE BE FROM ITS MEMBERS. THE STATE OF SOUTH DAKOTA DOES NOT HAVE AN INCOME TAX LAW. AT DECEMBER 31, 2023, THE ASSOCIATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. X false false false RUSSELL GALL 155172 0 0 0 0 0 67110 0 38407 0 260689 0 0 0 CHAD LOEFFLER 108152 0 0 0 0 0 38859 0 17270 0 164281 0 0 0 Pt VI, Line 6 CHARLES MIX ELECTRIC PROVIDES ELECTRICITY WITHIN A DEFINED TERRITORY. ALL CONSUMERS OF ELECTRICITY ARE MEMBERS OF THE COOPERATIVE. Pt VI, Line 7a THE MEMBERS VOTE ANNUALLY ON THE BOARD OF DIRECTORS Pt VI, Line 11b MANAGEMENT HAS AN INTERNAL CPA PREPARE THE FORM 990. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW AND APPROVAL PRIOR TO FILING. Pt VI, Line 12c THE GENERAL MANAGER AND OFFICE MANAGER MONITOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY. THE GENERAL MANAGER MONITORS COMPLIANCE MONTHLY AS PART OF THE BOARD OF DIRECTORS MEETINGS. Pt VI, Line 15a THE GENERAL MANAGERS SALARY IS DETERMINED BY THE BOARD AND IS DOCUMENTED IN THE MEETING MINUTES. THE BOARD REFERS TO THE SOUTH DAKOTA RURAL ELECTRICS SALARIES AS A GUIDELINE. Pt VI, Line 15b SEE FORM 990, PART VI, LINE 15A - THE PROCESS IS REVIEWED IN SEPTEMBER OF EACH YEAR. Pt VI, Line 19 THE COOPERATIVE HAS ALL DOCUMENTS AVAILABLE AT THE LAKE ANDES OFFICE FOR MEMBERS AND NON-MEMBERS. THE YEARLY FINANCIAL STATEMENT IS PUBLISHED IN THE COOPERATIVE NEWSLETTER AND MAILED TO ALL MEMBERS OF THE COOPERATIVE. Pt XI LINE 9-OTHER CHANGES IN NET ASSETS EXPLANATION: COST OF GOODS SOLD - $4,268,535; PLUS CHANGE IN OTHER EQUITIES -$52,595; LESS INTERNET EXPENSE NETTED WITH REVENUE FOR FS - $1,621; LESS COST OF GOODS SOLD - $4,268,535; PLUS INTERNET EXPENSE NETTED WITH REVENUE FOR FS - $1,621; EQUALS NET CHANGE IN NET ASSETS $52,595.