2025-07-10T15:49:21-04:00 2024-12-31 411414667 ESTERBROOKS CPAS LTD 302 W SUPERIOR ST STE200 DULUTH MN 55802 990 2024-01-01 410203975 COOPERATIVE LIGHT & POWER COOP 2188342226 1554 HIGHWAY 2 TWO HARBORS MN 55616 CAREY HOGENSON INTERIM CEO 2188342226 2025-07-08 true false MICHAEL A PEDERSON P00454472 2187276846 2025-07-08 2024 2025-03-06 01:10:19Z X CAREY HOGENSON 1554 HIGHWAY 2 TWO HARBORS MN 55616 15279615 false X WWW.CLPOWER.COM X 1936 MN ELECTRIC ENERGY DISTRIBUTION. 5 5 24 0 0 14144918 14899473 81042 86422 492746 280773 14718706 15266668 0 540830 461292 478011 528908 0 0 13325701 14310546 14344542 15300746 374164 -34078 34755470 36554621 18941150 20763972 15814320 15790649 ELECTRIC ENERGY DISTRIBUTION. false false DISTRIBUTED ELECTRIC ENERGY AND OTHER SERVICES TO CONSUMERS. false false false false false false false false false true true false false true true 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 true false false true 46 0 24 true false false false false false 14914465 286972 false false false X 5 5 false false false false true true true true true false false true true true true true true true false false X SHANNON HAVERI 2188342226 PO BOX 69 TWO HARBORS MN 55616 SCOTT VEITENHEIMER PRESIDENT 4.00 X X 8320 0 0 ROGER PETERSON VICE PRESIDE 5.00 X X 11393 0 0 KYLE WEIDEMAN TREASURER 4.50 X X 8447 0 0 JESSICA WILLEMARCK SECRETARY 4.00 X X 10163 0 0 STEVE JOSEPHSON DIRECTOR 5.00 X 10925 0 0 JOEL JANORSCHKE CEO 53.50 X 247990 0 84232 SHANNON HAVERI FINANCE MANA 43.50 X 120205 0 27233 CHASE PETERSON CONSTRUCTION 46.50 X 147829 0 46755 VINCE UDENBERG MAINTENANCE 44.90 X 139777 0 58815 JEFF TOLAND LINEMAN 46.50 X 136919 0 30340 RICK HEATH LEAD LINEMAN 47.30 X 152038 0 39706 BRIAN BENTLER OPERATIONS M 43.20 X 130429 0 70653 1124435 357734 11 false true false CENTRAL APPLICATORS INC 3190 HWY 25 NE PO BOX 279 FOLEY MN 56329 ROW CLEARING 704880 LAKE STATES CONSTRUCTION INC 25172 COMMERICAL DRIVE GRAND RAPIDS MN 55744 LINE BUILDING 511936 STAR ENERGY SERVICES 6841 POWER LANE SW ALEXANDRIA MN 56308 ENGINEERING 201571 GULBRANSON INC 4770 DIFFERDING POINT ROAD EVELETH MN 55734 UNDERGROUND EXC 124036 4 ELECTRIC REVENUE 221000 14899473 14899473 14899473 78178 78178 8244 8244 8244 8244 10844 12947 -2103 -2103 COOPERATIVE CAPITAL CREDITS 900099 237021 237021 OTHER CAPITAL CREDITS 900099 41707 41707 OTHER NONOPERATING MARGINS 900099 4148 4148 282876 15266668 15180246 86422 461292 528908 383685 1400831 COST OF POWER 7981959 DISTRIBUTION EXPENSE 2474779 ADMINISTRATIVE & GENERAL 1199090 CUSTOMER SERVICE AND INFO 551333 318869 15300746 0 0 0 73111 178302 1555104 1198374 1720083 2042259 1209412 1216450 640782 580116 45453522 22306130 21860098 23147392 7567146 8071558 129734 120170 34755470 36554621 2397674 2667065 490150 591019 14556381 16159761 1496945 1346127 18941150 20763972 X 15814320 15790649 15814320 15790649 34755470 36554621 X -34078 10407 X false true X true false 525411 525411 2550375 1267637 1282738 39476630 20663619 18813011 2901106 374874 2526232 23147392 GREAT RIVER ENERGY 6924065 F NATIONAL RURAL UTILITIES COOPERATIVE 661711 F NATIONAL RURAL TELECOMMUNICATIONS 241130 F FEDERATED RURAL ELECTRIC INSURANCE 109331 F RURAL ELECTIC SUPPLY COOPERATIVE 108497 F MINNESOTA RURAL ELECTRIC TRUST 18463 F COOPERATIVE RESPONSE CENTER 5658 F CTC 1666 F CO-BANK 1000 F TOUCHSTONE ENERGY 37 F 8071558 LEASE LIABILITY 1289853 CUSTOMER DEPOSITS 56274 1346127 X 15266668 15266668 15266668 14839454 14839454 461292 461292 15300746 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE RECOGNITION REQUIREMENTS OF UNCERTAIN TAX POSITIONS, IF ANY, AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE COOPERATIVE HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. AS OF DECEMBER 31, 2024 AND 2023, THE COOPERATIVE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COOPERATIVE IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES GENERALLY FOR TAX YEARS BEFORE 2021. SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK/TAX DIFFERENCE: RETIREMENT OF CAPITAL CREDITS 461,292 X X X false false false JOEL JANORSCHKE CEO 247990 58601 25631 332222 CHASE PETERSON CONSTRUCTION FOREMAN 147829 34064 12691 194584 VINCE UDENBERG MAINTENANCE FOREMAN 139777 34749 24066 198592 JEFF TOLAND LINEMAN 136919 17045 13295 167259 RICK HEATH LEAD LINEMAN 152038 17106 22600 191744 BRIAN BENTLER OPERATIONS MANAGER 130429 40632 30021 201082 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION ONLY HAS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT NEW BOARD OF DIRECTORS ANNUALLY BASED ON EXPIRING TERMS OR OPEN POSITION. VOTES ARE DONE BY REGIONAL AREA ENSURING THAT THERE IS A DIRECTOR REPRESENTING EACH AREA OF THE COOPERATIVES SERVICE AREA. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN SIGNIFICANT DECISIONS AS OUTLINED IN THE ORGANIZATION'S BYLAWS ARE SUBJECT TO MEMBER APPROVAL. ALL MEMBERS HAVE EQUAL RIGHTS AND ARE ALLOWED ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING THE FORM 990 IS REVIEWED AND APPROVED BY THE CEO AND THE FINANCE MANAGER. THE BOARD REVIEWS AND APPROVES THE FORM AT THE FOLLOWING BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS REVIEW AND SIGN OFF ON A CONFLICT OF INTEREST POLICY ANNUALLY. CONFLICTS ARE TO BE EVALUATED AS THEY ARISE. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING THE CEO'S SALARY. AN OUTSIDE CONSULTANT PROVIDES THE BOARD WITH METHODS TO PROPERLY EVAULATE THE PERFORMANCE OF THE CEO AND REVIEWS COMPARABLE CEO COMPENSATION TO VERIFY THAT THE CEO'S COMPENSATION IS WITHIN A COMPETITIVE RANGE FOR CEOS IN OTHER ELECTRICAL CO-OPS IN THE STATE AND REGION AND PROVIDES THIS INFORMATION TO THE BOARD. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S COMPENSATION ANNUALLY. AN OUTSIDE CONSULTANT CONDUCTS A SALARY STUDY OF ALL NON-UNION POSITIONS WITHIN THE ORGANIZATION UTILIZING UPDATED JOB DESCRIPTIONS FOR EACH POSITION AND RECOMMENDED COMPARABLE SALARY RANGES FOR EACH POSITION. IT DID NOT GUARANTEE AN INCREASE TO ANY EMPLOYEE. THIS INFORMATION WAS PROVIDED TO THE CEO TO DETERMINE A BUDGET FOR SALARY INCREASES, WHICH IS APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET. THE CEO COMPLETES A WRITTEN PERFORMANCE EVALUATION FOR EACH DIRECT REPORT THAT INCLUDES THEIR SALARY INCREASE. THIS PROCESS IS CONDUCTED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE AT THE COOPERATIVES TWO HARBORS OFFICE UPON REQUEST DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9 GAIN ON RETIREMENT OF CAPITAL CREDITS 10,407 COOPERATIVE LIGHT AND POWER OF LAKE COUNTY COMMUNITY TRUST 1554 HIGHWAY 2 PO BOX 69 TWO HARBORS MN 55616 201396328 DONATIONS MN 3 7 COOPERATIV LIGHT & POWER ASSOCIATION OF LAKE C false false false false false false false false false false false false false false false false false false false false