2023-07-19T10:01:22-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 481206132 BLUESTEM ELECTRIC COOPERATIVE INC BLUE 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 MICHAEL M MORTON GENERAL MANAGER 7854562212 2023-07-18 1 MICHAEL MORTON 999009999 0 LAURIE HANSON CPA P00851848 6053391999 2023-07-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL M MORTON 1000 SOUTH WIND DR WAMEGO KS 66547 19762094 0 X WWW.BLUESTEMELECTRIC.COM X 1999 KS PROVIDE SAFE RELIABLE ENERGY TO RURAL COOPERATIVE MEMBERS. 11 11 37 0 0 0 0 0 18191062 19249413 128229 212193 50040 54384 18369331 19515990 11400 16656 1135888 1402823 2930138 3194563 0 0 0 14291905 14901948 18369331 19515990 0 0 60019975 63678036 37370553 40340899 22649422 23337137 SAFE RELIABLE ENERGY 0 0 PROVIDED ELECTRICITY TO APPROXIMATELY 7,466 SERVICES/CONSUMERS. 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 38 0 1 37 1 0 0 0 0 0 19242095 553238 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 M MORTON 7854562212 1000 SOUTH WIND DR WAMEGO KS 66547 X RICHARD RIDDER PRESIDENT 2.20 X X 5810 0 0 DONALD CLASSEN VICE PRESIDENT 2.20 X X 6530 0 0 BRUCE MEYER SECRETARY 6.00 X X 11990 0 0 MARK DIEDERICH TREASURER 5.50 X X 11990 0 0 AMANDA GNADT TRUSTEE 2.60 X 6170 0 0 PATRICIA BLOOMDAHL TRUSTEE 4.60 X 10920 0 0 GARY BUSS TRUSTEE 6.00 X 18512 0 0 MICHAEL LEITCH TRUSTEE 1.20 X 3650 0 0 STEPHEN O'SHEA TRUSTEE 2.30 X 6410 0 0 DAN POLLOCK TRUSTEE 2.60 X 6530 0 0 STEVE OHLDE TRUSTEE 3.80 X 8450 0 0 MICHAEL M MORTON GENERAL MANAGER 58.30 X 195156 0 85685 TRISHA BRADLEY MANAGER OF ACCOUNTING & FINANCE 40.30 X 95382 0 39121 JASON MOORE ASSISTANT GENERAL MANAGER 45.50 X 124518 0 62950 JOHN BETTENCOURT MANAGER OF AMI AND IT 41.50 X 103768 0 53585 615786 0 241341 3 0 1 0 SOLIDA TREE SERVICE INC PO BOX 421 PHILLIPSBURG KS 67661 UTILITY LINE CLEARANCE 156178 ELECTRICOMM INC PO BOX 8324 TOPEKA KS 66608 SCADA DESIGN AND INSTALL 108862 2 SALE OF POWER 221000 19092760 19092760 CAPITAL CREDITS 221000 156653 156653 19249413 83304 83304 365651 236762 128889 128889 128889 31999 9342 22657 22657 MISC.NON-OPERATING INCOME 221000 31727 31727 31727 19515990 19303797 0 212193 7656 9000 1402823 493511 2080138 410020 210894 24619 30500 14289 59404 63297 17544 1126502 1861626 COST OF POWER 9831654 DISTRIBUTION-OPERATIONS 1051014 DISTRIBUTION-MAINTENANC 434150 ADMIN AND GENERAL 205479 181870 19515990 6984758 9421805 1236093 1465383 230822 306313 757581 1113592 55848590 14779604 41571041 41068986 3484365 2932748 5748007 7358205 1439 1439 5869 9565 60019975 63678036 1723976 1801817 35455064 38341427 191513 197655 37370553 40340899 X 121370 123740 0 0 22528052 23213397 22649422 23337137 60019975 63678036 X 0 687715 X X 0 0 0 942034 942034 5693591 668488 5025103 48917853 14111116 34806737 295112 295112 41068986 CFC CTCS 475431 C INVESTMENTS IN CFC MTN 1500000 C KANSAS ELECTRIC COOPERATIVE 68715 C FEDERATED RURAL ELECTRIC INSURANCE 159079 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 63943 C FARMWAY COOP 11670 C CRC 6197 C NRUCFC 192158 C KANSAS ELECTRIC POWER COOPERATIVE 4735767 C NRTC 1509 C COBANK 127751 C MEMBERSHIPS 15985 C 7358205 CUSTOMER DEPOSITS 197655 197655 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 189755 0 0 0 5401 0 61741 0 26320 0 283217 0 0 0 JASON MOORE ASSISTANT GENERAL MANAGER 123747 0 0 0 771 0 35147 0 29398 0 189063 0 0 0 JOHN BETTENCOURT MANAGER OF AMI AND IT 101531 0 0 0 2237 0 34898 0 20020 0 158686 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 $55,726 FOR MICHAEL M. MORTON, $31,144 FOR JASON MOORE, AND $31,671 FOR JOHN BETTENCOURT. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $30,674 FOR MICHAEL M. MORTON, $20,736 FOR JASON MOORE, AND $16,714 FOR JOHN BETTENCOURT. 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 STATE WIDE 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 AMI AND IT, AND ASSISTANT 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. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -820,920. ALLOCATION OF 2022 MARGINS IN 2023 1,402,823. GAIN/LOSS ON RETIREMENT OF CAPITAL CREDITS 103,442. OTHER-MEMBERSHIPS ISSUED - NET 2,370. 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, 2022. 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.