2025-04-23T14:11:16-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 481206132 BLUESTEM ELECTRIC COOPERATIVE INC BLUE 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 MICHAEL LEITCH CHIEF EXECUTIVE OFFICER 7854562212 2025-04-23 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-04-23 2024 2025-03-06 01:10:19Z MICHAEL LEITCH 1000 SOUTH WIND DR WAMEGO KS 66547 19013590 0 X WWW.BLUESTEMELECTRIC.COM X 1999 KS PROVIDE SAFE RELIABLE ENERGY TO RURAL COOPERATIVE MEMBERS. 11 11 34 0 0 0 0 0 18700411 18714902 528284 270552 17917 18812 19246612 19004266 18702 18289 1707740 669178 3142643 3388182 0 0 0 14377527 14928617 19246612 19004266 0 0 63782231 64685026 38805802 39154407 24976429 25530619 SAFE RELIABLE ENERGY 0 0 PROVIDED ELECTRICITY TO APPROXIMATELY 7,605 SERVICES/CONSUMERS. SERVED 2,900.1 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 34 1 0 0 0 0 0 19207168 571448 0 0 0 X 11 11 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL LEITCH 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 X MARK DIEDERICH PRESIDENT 8.92 X X 27973 0 0 BRUCE MEYER SECRETARY 6.43 X X 21590 0 0 AMANDA GNADT TREASURER 2.98 X X 15014 0 0 RICHARD RIDDER TRUSTEE 4.17 X 16837 0 0 MATTHEW REZAC TRUSTEE 2.28 X 9708 0 0 STEPHEN O'SHEA TRUSTEE 2.89 X 10839 0 0 GARY BUSS TRUSTEE 6.57 X 26029 0 0 PATRICIA BLOOMDAHL TRUSTEE 5.17 X 16853 0 0 STEVE OHLDE TRUSTEE 2.76 X 11066 0 0 DAN POLLOCK TRUSTEE (AS OF 02/2024) 2.57 X 10630 0 0 DONALD CLASSEN VICE PRESIDENT 4.69 X X 18423 0 0 MICHAEL M MORTON GENERAL MANAGER 57.73 X 222039 0 73177 TRISHA BRADLEY MANAGER OF ACCOUNTING & FINANCE 44.70 X 119464 0 40392 TIM WOLF JOURNEYMAN LINEMAN 44.58 X 115338 0 40678 BAYLEE EASTERBERG JOURNEYMAN LINEMAN 44.96 X 116542 0 17604 SHELTON ALLEN JOURNEYMAN LINEMAN 44.81 X 111022 0 35803 JEROD CHAFFEE MANAGER OF LINE OPERATIONS 43.11 X 117203 0 54328 AARON MASSIE OPERATIONS FOREMAN 44.63 X 115318 0 46901 1101888 0 308883 15 0 1 0 SCHULTZ CONSTRUCTION INC 4345 RORY CIRCLE MANHATTAN KS 66502 CONSTRUCTION GENERAL CONTRACTOR 1806651 NATIONAL INFORMATION SOLUTION COOPERATIV PO BOX 1147 MANDAN ND 58554 IT SUPPORT AND PRINT SERVICES 196438 SOLIDA TREE SERVICE INC PO BOX 421 PHILLIPSBURG KS 67661 UTILITY LINE CLEARANCE 189934 3 SALE OF POWER 221000 18586931 18586931 CAPITAL CREDITS 221000 105955 105955 22016 22016 18714902 147197 147197 126609 3254 123355 123355 123355 24882 6070 18812 18812 19004266 18711698 0 292568 9289 9000 669178 644519 2062112 452900 228651 43771 31950 30395 56681 64793 70957 18377 1225681 2147593 COST OF POWER 9164742 DISTRIBUTION-OPERATIONS 1044793 DISTRIBUTION-MAINTENANC 558156 ADMIN AND GENERAL 243854 226874 19004266 5479429 2655864 1402309 1747843 330587 288913 1094109 890078 68401603 17357682 47020196 51043921 2359559 1963553 6010015 6082476 1439 1439 84588 10939 63782231 64685026 1770641 1662676 36607335 37002898 427826 488833 38805802 39154407 X 125760 127360 0 0 24850669 25403259 24976429 25530619 63782231 64685026 X 0 554190 X X 0 0 0 940739 940739 11190166 926536 10263630 55476980 16431146 39045834 793718 793718 51043921 NRUCFC CTCS 475431 C KANSAS ELECTRIC COOPERATIVE 58386 C FEDERATED RURAL ELECTRIC INSURANCE 165414 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 70322 C CENTRAL VALLEY AG COOP 11644 C CRC 6600 C NRUCFC 200892 C KANSAS ELECTRIC POWER COOPERATIVE 4933777 C NRTC 1412 C COBANK 142569 C MEMBERSHIPS 15985 C AG PARTNERS COOPERATIVE,INC 44 C 6082476 CUSTOMER DEPOSITS 209686 FINANCE LEASE OBLIGATIONS 126332 DEFERRED CREDITS 152815 488833 1 SCHOLARSHIPS FOR STUDENTS 10 9000 PART I, LINE 2: BLUESTEM ELECTRIC COOPERATIVE HAS A MASTER LIST OF ALL THE SCHOLARSHIPS THAT WERE AWARDED TO STUDENTS. EACH STUDENT MUST PROVIDE PROOF OF ENROLLMENT. ONCE PROVIDED, THE CHECK IS SENT DIRECTLY TO THE SCHOOL. X X 0 0 0 MICHAEL M MORTON GENERAL MANAGER 215751 0 0 0 6288 0 55108 0 20800 0 297947 0 0 0 JEROD CHAFFEE MANAGER OF LINE OPERATIONS 115458 0 0 0 1745 0 25236 0 30537 0 172976 0 0 0 AARON MASSIE OPERATIONS FOREMAN 114557 0 0 0 761 0 18126 0 29994 0 163438 0 0 0 TRISHA BRADLEY MANAGER OF ACCOUNTING & FINANCE 118495 0 0 0 969 0 11704 0 30238 0 161406 0 0 0 TIM WOLF JOURNEYMAN LINEMAN 114593 0 0 0 745 0 19907 0 21953 0 157198 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C INCLUDED IN PART II, COLUMN C, IS THE CHANGE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN TOTALING $46,288 FOR MICHAEL M. MORTON, $20,351 FOR JEROD CHAFFEE, $14,098 FOR AARON MASSIE, $6,484 FOR TRISHA BRADLEY, AND $15,926 FOR TIM WOLF. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $33,264 FOR MICHAEL M. MORTON, $18,326 FOR JEROD CHAFFEE, $15,270 FOR AARON MASSIE, $19,712 FOR TRISHA BRADLEY, AND $15,087 FOR TIM WOLF. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS FORM 990 AT A MONTHLY BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL AND PERIODIC REVIEWS OF THE POLICY ARE MADE BY BOARD AND MANAGEMENT STAFF. IF IT IS DETERMINED THAT A POTENTIAL CONFLICT EXISTS, THE MATTER WILL BE REVIEWED BY THE BOARD AND LEGAL COUNSEL. IF IT IS DETERMINED BY THE BOARD THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE AND IMPOSE ANY NECESSARY RESTRICTION AS THEY SEE FIT UP TO AND INCLUDING REMOVAL OF A TRUSTEE FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING THE APPROPRIATE SALARY FOR THE GENERAL MANAGER, THE BOARD OF TRUSTEES REVIEWS COMPENSATION DATA OF OTHER MANAGERS IN THE STATE. THE DATA IS COMPILED BY OUR STATEWIDE ORGANIZATION, KANSAS ELECTRIC COOPERATIVE, WHO GATHERS THE INFORMATION BY SURVEY. IN ADDITION TO THE STATEWIDE SURVEY, THE BOARD OF TRUSTEES USES A THIRD PARTY TO VERIFY ADDITIONAL INFORMATION ON THE GENERAL MANAGER'S SALARY. THE BOARD OF TRUSTEES ARE ELECTED OFFICIALS WHO ARE COMPENSATED ON A PER MEETING/PER DIEM BASIS. THE COMPENSATION IS SET AT A LEVEL COMPARABLE TO THAT GIVEN TO BOARD MEMBERS WHO SERVE IN OTHER COOPERATIVES STATEWIDE AND AT OUR G&T. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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, MANAGER OF ACCOUNTING & FINANCE, MANAGER OF LINE OPERATIONS, JOURNEYMAN LINEMAN, AND OPERATIONS FOREMAN. 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. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -172,200. ALLOCATION OF 2024 MARGINS IN 2025 669,178. GAIN/LOSS ON RETIREMENT OF CAPITAL CREDITS 56,116. OTHER-MEMBERSHIPS ISSUED - NET 1,600. OTHER-CHECKS VOIDED 286. OTHER-UNCLAIMED PROPERTY PAID -790. FORM 990 PART XII LINE 2A FISCAL YEAR AUDIT: THE COOPERATIVE HAS AN AUDIT ON A FISCAL YEAR BASIS. THE COOPERATIVE'S MOST RECENT AUDIT WAS FOR THE FISCAL YEAR ENDED JUNE 30, 2024. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.