2023-09-20T13:17:52-05:00 2022-12-31 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2022-01-01 380416525 CHERRYLAND ELECTRIC COOPERATIVE INC CHER 2314869200 PO BOX 298 5930 US 31 SOUTH GRAWN MI 49637 MARK WILSON CFO 2314869200 2023-09-18 1 MARK WILSON 999009999 1 JEFFREY E HERT CPA P00066715 2319463230 2023-09-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK WILSON PO BOX 298 5930 US 31 SOUTH GRAWN MI 49637 62035173 0 X WWW.CHERRYLANDELECTRIC.COOP X 1938 MI ELECTRIC COOPERATIVE 7 7 59 14 213 0 0 0 55355235 58746530 3085107 3110743 260278 177900 58700620 62035173 0 0 2624365 1132200 1419647 1596270 0 0 0 52624865 56998177 56668877 59726647 2031743 2308526 128512414 135639535 74673958 79606286 53838456 56033249 ELECTRIC COOPERATIVE 0 0 61859176 PROVIDE ELECTRIC SERVICES TO OVER 37,000 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 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 41 0 1 59 1 0 0 0 0 0 0 0 58746530 177900 0 0 0 X 7 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X MARK WILSON 2314869200 PO BOX 298 5930 US 31 SOUTH GRAWN MI 49637 MELINDA LAUTNER SENIOR VICE PRESIDENT 14.00 X X 23000 0 10 TERRY LAUTNER DIRECTOR 18.00 X 22000 0 10 DEAN ADAMS DIRECTOR 2.00 X 14000 0 5 THOMAS VAN PELT TREASURER 12.00 X X 23000 0 10 DAVID SCHWEITZER PRESIDENT 4.00 X X 23900 0 10 GABRIEL TS SCHNEIDER SECRETARY 10.00 X X 22100 0 10 VALARIE HANDY DIRECTOR 4.00 X 21500 0 2 ANTHONY ANDERSON GENERAL MANAGER 50.00 X 305845 0 226809 MARK WILSON CFO 50.00 X 168368 0 91683 J PHILIP SCOTT CREW FOREMAN 50.00 X 172989 0 12364 FRANK SIEPKER ENGINEER & OPERATIONS MANA 50.00 X 170812 0 82730 DAVID BOTT CREW FOREMAN 50.00 X 159014 0 48016 BRUCE STOCKING CREW FOREMAN 50.00 X 150993 0 50882 RACHEL JOHNSON MEMBER RELATIONS MANAGER 50.00 X 157492 0 55826 1435013 0 568367 23 0 1 0 CC POWER LLC PO BOX 2028 KALKASKA MI 49646 CONSTRUCTION 1841368 TOWNSEND TREE SERVICE LLC 1015 W JACKSON ST MUNCIE IN 47305 TREE CLEARING 1405050 DOUGS UNDERGROUND SERVICE INC 2204 M-37 S TRAVERSE CITY MI 49685 DIRECTIONAL DRILLING 475335 DUNSCOMBE AND SONS TREE SERVICE 4688 ELLIOT RD BUCKLEY MI 49620 TREE CLEARING 319746 TURN KEY SYSTEMS LLC 7050 12TH AVE MICHIGAN MI 49428 BUILDING SECURITY SYSTEMS 181656 5 MEMBER ELECTRIC REVENUE 221000 58429091 58429091 SERVICE CHARGES 221000 138997 138997 STREET LIGHTS 221000 101879 101879 POLE CONTACT FEES 221000 76563 76563 58746530 3042564 3011309 213 31042 68179 0 68179 68179 68179 MISCELLANEOUS 900099 177900 177900 177900 62035173 61859176 213 175784 X 1132200 949767 646503 91445 61261 34700 26355 154407 413895 164032 53234 2838580 4249731 120337 COST OF POWER 37655708 DISTRIBUTION - MAINTENA 4320593 MEMBER SERVICE 2832072 OPERATIONS 1755830 2225997 59726647 91268 156472 391208 105006 6075058 7145559 835378 1125279 923351 1173272 3073322 2828235 134197667 47752074 82311378 86445593 34051167 35262974 760284 1397145 128512414 135639535 4778565 5025918 62617567 65260879 4995646 6380173 2282180 2939316 74673958 79606286 X 0 0 -1800505 -1702123 55638961 57735372 53838456 56033249 128512414 135639535 X 2308526 -113733 X X 0 1 X 1 0 122374186 43075695 79298491 11823481 4676379 7147102 86445593 PATRONAGE CAPITAL 34461898 C INVESTMENTS IN CFC 792835 C OTHER INVESTMENTS 8241 C 35262974 ACCRUED COMPENSATION 1183393 ACCRUED PROPERTY TAXES 535424 ACCRUED INTEREST 322190 ACCRUED OTHER 149013 MEMBER DEPOSITS 168211 MEMBER ADVANCES FOR CONSTRUCTION 519912 POST RETIREMENT BENEFIT OBLIGATION, OTHER THAN PENSIONS 61173 2939316 X 61966994 0 61966994 68179 68179 62035173 58594447 0 58594447 1132200 1132200 59726647 PART X, LINE 2: CHERRYLAND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH CHERRYLAND WAS GRANTED AN INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM THE MEMBERSHIP. CHERRYLAND ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. CHERRYLAND HAS EVALUATED ITS OPEN INCOME TAX FILING POSITIONS FOR THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2022. CHERRYLAND CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN IN THE FINANCIAL STATEMENTS. CHERRYLAND DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. CHERRYLAND DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2022 OR 2021, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. GENERALLY, CHERRYLAND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS 68,179. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS 1,132,200. X X X 0 0 0 ANTHONY ANDERSON GENERAL MANAGER 305845 0 0 0 0 0 208205 0 18604 0 532654 0 0 0 MARK WILSON CFO 168368 0 0 0 0 0 72058 0 19625 0 260051 0 0 0 FRANK SIEPKER ENGINEER & OPERATIONS MANA 170812 0 0 0 0 0 63086 0 19644 0 253542 0 0 0 RACHEL JOHNSON MEMBER RELATIONS MANAGER 157492 0 0 0 0 0 39740 0 16086 0 213318 0 0 0 DAVID BOTT CREW FOREMAN 159014 0 0 0 0 0 31696 0 16320 0 207030 0 0 0 BRUCE STOCKING CREW FOREMAN 150993 0 0 0 0 0 37410 0 13472 0 201875 0 0 0 J PHILIP SCOTT CREW FOREMAN 172989 0 0 0 0 0 5811 0 6553 0 185353 0 0 0 SCHEDULE J, PART II, COLUMN C A PORTION OF THE RETIREMENT AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN C, REPRESENT THE ACTUARIAL CHANGE IN THE ORGANIZATION'S QUALIFIED DEFINED BENEFIT PLAN (RETIREMENT SECURITY PLAN) WHICH WAS NOT FUNDED AS OF 12/31/22. OF THESE AMOUNTS, BELOW IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE RETIREMENT SECURITY PLAN PER INDIVIDUAL: ANTHONY ANDERSON $194,041 MARK WILSON - $63,878 FRANK SIEPKER - $54,849 RACHEL JOHNSON - $32,554 DAVID BOTT - $26,161 BRUCE STOCKING - $31,599 FORM 990, PART VI, SECTION A, LINE 2 MELINDA LAUTNER AND TERRY LAUTNER ARE THIRD HALF COUSINS BY MARRIAGE FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS ORGANIZED WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT BOARD OF DIRECTORS AT ANNUAL MEETING FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL BE PROVIDED THE OPPORTUNITY TO REVIEW A DRAFT OF THE FORM 990 PRIOR TO ITS BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C RESPONSES TO CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY FORM 990, PART VI, SECTION B, LINE 15 L15A - GENERAL MANAGER COMPENSATION IS COMPLETED BY THE BOARD OF DIRECTORS AND REVIEWED DIRECTLY WITH HIM. L15B - THE GENERAL MANAGER SETS COMPENSATION OF ALL KEY EMPLOYEES. THESE WAGES ARE DISCUSSED WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN DOCUMENTS ARE POSTED ON THE COOPERATIVE WEBSITE AND OTHERS ARE AVAILABLE WITH A WRITTEN REQUEST FORM 990, PART IX, LINE 24E PROPERTY TAX 1,441,309. DUES & SUBSCRIPTIONS 252,496. MAINTENANCE 180,645. STAFF EXPENSES 110,455. SAFETY EXPENSE 76,774. BANK SERVICE CHARGES 64,166. REGULATORY COMMISSION EXPENSE 56,667. MISCELLANEOUS 43,485. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT BENEFIT PLANS -11,573. OTHER EQUITY TRANSACTIONS -102,160. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. CHERRYLAND COOPERATIVE ELECTRIC COMMUNITY CARING FUND INC PO BOX 298 GRAWN MI 49637 383313732 CHARITABLE MI 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0