2024-08-22T08:51:41-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 1297 BISMARCK ND 585021297 990 2023-01-01 450216719 MCLEAN ELECTRIC COOPERATIVE INC MCLE 7014632291 PO BOX 399 GARRISON ND 585409447 MARK DOYLE GENERAL MANAGER/CEO 7014636700 2024-06-28 1 1 LANCE RAMBOUSEK P01212867 7012231717 2024-06-28 2023 2024-08-08 14:25:15Z MARK DOYLE PO BOX 399 GARRISON ND 585409447 17691550 0 X WWW.MCLEANELECTRIC.COM X 1945 ND IT SHALL BE THE AIM OF THE MCLEAN ELECTRIC COOPERATIVE, INC. TO MAKE ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 7 7 23 0 0 0 0 0 15533354 16004464 62693 60434 1104095 1486787 16700142 17551685 0 0 1811578 1513244 1250500 1333885 0 0 0 13638064 14704556 16700142 17551685 0 0 54174137 58621564 34834471 38114834 19339666 20506730 TO GENERATE, MANUFACTURE, PURCHASE, ACQUIRE AND ACCUMULATE ELECTRIC ENERGY AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL AND DISPOSE OF SUCH ELECTRIC ENERGY TO COOPERATIVE MEMBERS. 0 0 RURAL ELECTRIC POWER COOP SUPPLYING POWER TO RURAL MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 66 0 1 23 1 0 0 0 0 0 15908580 1643107 0 0 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 WENDY KINN BUSINESS MANAGER 7014636700 4031 HWY 37 BYPASS NW GARRISON ND 58540 X LARRY GESSELE PRESIDENT 2.89 X X 7850 0 0 DARCY KLAIN VICE PRESIDENT 6.67 X X 9050 0 0 ROD STOCKDILL SECRETARY / TREASURER 5.96 X X 11750 0 0 CLARENCE BEHLES DIRECTOR 2.63 X 5400 0 0 KAREN HANSON DIRECTOR 5.32 X 7250 0 0 JAMES ODERMANN DIRECTOR 3.56 X 5150 0 0 TROY PRESSER DIRECTOR 2.22 X 3650 0 0 WENDY KINN FINANCE MANAGER 40.00 X 114246 0 52990 MARK DOYLE CEO / GENERAL MANAGER 40.00 X 234654 0 59790 KEITH THELEN OPERATIONS MANAGER 40.00 X 170767 0 40177 LUCAS SCHAAF ENGINEERING MANAGER 40.00 X 170223 0 34346 TRAVIS VOTH LINE FOREMAN 40.00 X 123652 0 65750 JESSE CARTER LINEMAN 40.00 X 116068 0 49134 NATHAN RUUD LINE FOREMAN 40.00 X 122457 0 75082 LUCAS DUSEK LINEMAN 40.00 X 117242 0 50444 LOREN DESJARDINS LINEMAN 40.00 X 116459 0 61200 1335868 0 488913 14 0 1 0 COAL CREEK CONSTRUCTION PO BOX 1068 UNDERWOOD ND 585761068 ELECTRICAL DISTRIBUTION LINES 1138661 PROLINE UTILITY CONSTRUCTION LLC 1836 7TH AVE BELLE FOURRCHE SD 57717 ELECTRICAL DISTRIBUTION LINES 163623 VETSCH INDEPENDENT POWER INC 8100 WILLOW RD N MANDAN ND 58554 ELECTRICAL DISTRIBUTION LINES 115253 3 ELECTRIC REVENUE 221000 16004464 16004464 16004464 35829 35829 24646 41 24605 24605 24605 109429 139824 -30395 -30395 CAPITAL CREDITS 900099 1065111 1065111 MISCELLANEOUS REVENUE 900099 452071 452071 1517182 17551685 17063785 0 487900 X 1513244 927293 406592 1096596 1503963 COST OF POWER 9297485 ADMINISTRATIVE AND GENE 1395560 DISTRIBUTION - OPERATIO 1349356 DISTRIBUTION - MAINTENA 733174 -671578 17551685 300 295 1893445 1248043 2692116 2933777 300958 226458 2543699 3002581 687582 938945 54359449 13974538 36986389 40384911 9069648 9886554 54174137 58621564 1436490 1523645 32681467 35779098 716514 812091 34834471 38114834 X 0 0 0 0 19339666 20506730 19339666 20506730 54174137 58621564 X 0 1167064 X X 0 1 X 1 0 89113 89113 1740566 660624 1079942 47603216 13313914 34289302 4926554 4926554 40384911 PATRONAGE CAPITAL CREDITS 9886554 9886554 CUSTOMER DEPOSITS 167484 CONSUMER ENERGY PREPAYMENTS 211882 POSTRETIREMENT OBLIGATION 301909 OBLIGATIONS UNDER CAPITAL LEASES 130816 812091 X 17551685 0 17551685 0 17551685 16038441 0 16038441 1513244 1513244 17551685 PART X, LINE 2: THE COMPANY'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COMPANY HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED CAPITAL CREDITS 1,513,244. X X 0 0 0 MARK DOYLE CEO / GENERAL MANAGER 234654 0 0 0 0 0 33410 0 26380 0 294444 0 0 0 KEITH THELEN OPERATIONS MANAGER 170767 0 0 0 0 0 14357 0 25820 0 210944 0 0 0 LUCAS SCHAAF ENGINEERING MANAGER 170223 0 0 0 0 0 12125 0 22221 0 204569 0 0 0 NATHAN RUUD LINE FOREMAN 122457 0 0 0 0 0 49989 0 25093 0 197539 0 0 0 TRAVIS VOTH LINE FOREMAN 123652 0 0 0 0 0 40657 0 25093 0 189402 0 0 0 LOREN DESJARDINS LINEMAN 116459 0 0 0 0 0 36166 0 25034 0 177659 0 0 0 LUCAS DUSEK LINEMAN 117242 0 0 0 0 0 25417 0 25027 0 167686 0 0 0 WENDY KINN FINANCE MANAGER 114246 0 0 0 0 0 31899 0 21091 0 167236 0 0 0 JESSE CARTER LINEMAN 116068 0 0 0 0 0 24106 0 25028 0 165202 0 0 0 PART I, LINE 3 THE BOARD USES NATIONAL COMPARABILITY DATA FROM THE NRECA SALARY SURVEY IN CONJUNCTION WITH STATE COMPARABILITY DATA FROM THE NDAREC SURVEY TO DETERMINE THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS A MEMBER OWNED COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS ONE VOTE IN ELECTIONS OF THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH COOPERATIVE MEMBER IS ALLOWED A VOTE TO APPROVE ANY BY-LAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER, BUSINESS MANAGER, AND BOARD OF DIRECTORS REVIEW THE 990 FOR ACCURACY AND APPROVE THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW THE POLICY ON A REGULAR BASIS. EMPLOYEES ARE PROVIDED A COPY OF ALL POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES STATE AND NATIONAL COMPARABILITY DATA FROM NRECA AND NDAREC SURVEYS AND THE BOARD EVALUATES PERFORMANCE TO DETERMINE THE GENERAL MANAGER'S COMPENSATION. THE GENERAL MANAGER USES STATE AND NATIONAL SURVEYS AND PERFORMANCE EVALUATIONS TO DETERMINE COMPENSATION OF OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S PUBLIC INSPECTION COPY OF FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII: OFFICER AND DIRECTOR COMPENSATION REPORTED ON PART IX, LINE 5 DOES NOT EQUAL THE TOTAL COMPENSATION REPORTED ON PART VII, LINE 1B FOR THESE INDIVIDUALS. THE DIFFERENCE IS DUE TO THE DIFFERENCE BETWEEN THE CURRENT YEAR CONTRIBUTIONS (A CURRENT YEAR EXPENSE) AND THE INCREASE IN ACTUARIAL VALUE. THE INCREASE IN ACTUARIAL VALUE IS NOT A CURRENT YEAR EXPENSE, BUT IS REPORTED AS COMPENSATION FOR PURPOSES OF PART VII. INCLUDED PART VII, COLUMN "F", OTHER COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS, THE ESTIMATED INCREASE IS: MARK DOYLE - $24,398 WENDY KINN -$19,053 KEITH THELEN - $0 LUCAS SCHAAF - $5,246 TRAVIS VOTH - $35,502 NATHAN RUUD - $44,978 JESSE CARTER - $10,849 LUCAS DUSEK - $11,953 LOREN DESJARDINS - $22,871 THIS AMOUNT IS AN ESTIMATE OF THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE. THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS AS FOLLOWS: MARK DOYLE - $20,160 WENDY KINN -$10,823 KEITH THELEN - $0 LUCAS SCHAAF - $15,748 TRAVIS VOTH - $22,148 NATHAN RUUD - $22,148 JESSE CARTER - $10,166 LUCAS DUSEK - $10,166 LOREN DESJARDINS - $10,166 FORM 990, PART IX, LINE 4 AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER GAAP REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI AND ON SCHEDULE D PARTS XI AND XIII. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. FORM 990, PART IX, LINE 24E THE LABOR, PENSION AND OTHER BENEFITS REPORTED ON LINES 5 - 9 ARE ALREADY INCLUDED IN DISTRIBUTION EXPENSE, ADMIN & GENERAL AND CUSTOMER SERVICE EXPENSE. THEREFORE, THESE AMOUNTS ARE BEING SUBTRACTED OUT AS AN OTHER DEDUCTION (ALLOCATED COSTS) IN LINE 24E. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -364,796. FORFEITED/RETIRED CAPITAL CREDIT GAINS 18,616. ALLOCATED CAPITAL CREDITS 1,513,244. FORM 990, PART XII, LINE 2C OVERSIGHT PROCESS OF THE AUDIT AND SELECTION PROCESS OF THE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. MCLEAN ELECTRIC TRUST INC 4031 HWY 37 NW GARRISON ND 585400399 460659657 COLLECT & DISBURSE FUNDS FOR CHARITABLE PURPOSES ND 501(C)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0