2023-08-02T10:29:40-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 420165440 CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION CALH 7122977112 PO BOX 312 ROCKWELL CITY IA 50579 JIM MILLER PRESIDENT 7122977112 2023-07-31 1 JIM MILLER XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2023-07-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEATON HILDRETH PO BOX 312 ROCKWELL CITY IA 50579 6396337 0 X WWW.CALHOUNREC.COOP X COOPERATIVE 1936 IA TO PROVIDE ELECTRICITY TO OUR MEMBERS. 7 7 13 0 0 0 181300 0 5799794 6380051 39707 16286 0 0 6020801 6396337 5768 1200 375000 450000 963764 968322 0 0 0 4468270 4537214 5812802 5956736 207999 439601 18581688 19710048 10352588 10799837 8229100 8910211 AS A RURAL ELECTRIC COOPERATIVE, CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION'S MAIN PURPOSE IS TO PROVIDE ELECTRICITY TO ITS MEMBERS. 0 0 CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION IS A RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRICITY TO ITS MEMBERS. IN 2022, THE COOPERATIVE PROVIDED SERVICE TO APPROXIMATELY 1,171 MEMBERS, AND MAINTAINED 759.26 MILES OF OVERHEAD LINE WHILE ADDING 1.62 MILES AND REMOVING .47 MILES. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 13 1 0 0 0 0 0 5801833 189699 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X KEATON HILDRETH 7122977112 PO BOX 312 ROCKWELL CITY IA 50579 X JIM MILLER PRESIDENT 5.00 X X 4275 0 0 STEVE BOEDECKER VICE PRESIDENT 3.00 X X 4414 0 0 JASON MCKENNEY SECRETARY 3.00 X X 3825 0 0 RON HANSON TREASURER 3.00 X X 4838 0 0 LAVERNE ARNDT DIRECTOR UNTIL 08/2022 3.00 X 2250 0 0 DUANE BESCHOERNER DIRECTOR 2.00 X 4388 0 0 SCOTT HICKS DIRECTOR UNTIL 08/2022 1.00 X 1575 0 0 DARCI MAULSBY DIRECTOR FROM 09/2022 3.00 X 1800 0 0 JOE PARKER DIRECTOR FROM 09/2022 4.00 X 1800 0 0 KEATON HILDRETH CEO 40.00 X 100011 0 44631 129176 0 44631 1 0 0 0 0 SALE OF POWER 221000 5773074 5773074 CAPITAL CREDITS 221000 603383 603383 3594 3594 6380051 16286 16286 6396337 6380051 0 16286 1200 450000 173534 727375 67413 18454 69650 28285 98681 292637 498425 22544 COST OF POWER 3335169 DISTRIBUTION - MAINTENA 345420 DISTRIBUTION - OPERATIO 199744 ADMINISTRATIVE AND GENE 151976 -523771 5956736 150998 220381 101481 102704 511603 365725 248864 412272 86049 42832 19025542 4192715 14147879 14832827 374384 378949 2904328 3337892 56102 16466 18581688 19710048 510763 629662 1546 2295 9431829 9759881 225000 225000 183450 182999 10352588 10799837 X 0 0 5925 5855 8223175 8904356 8229100 8910211 18581688 19710048 X 439601 241510 X X 0 1 X 1 0 0 1 X 67179 67179 678975 399598 279377 17687540 3766100 13921440 591848 27017 564831 14832827 OTHER INVESTMENTS 3800 C NRUCFC CAPITAL TERM CERTIFICATES 194828 C INVESTMENT IN CORN BELT 727088 C INVESTMENT IN BASIN 2055762 C INVESTMENT IN CFC & FEDERATED 184778 C INVESTMENT IN RESCO 52200 C NISC 9626 C INVESTMENT IN NRTC 109810 C 3337892 DEFERRED CREDITS 941 ACC PROV FOR BENEFITS - FASB 173158 CUSTOMER DEPOSITS 8900 182999 X 6395137 0 6395137 1200 1200 6396337 5505536 0 5505536 451200 451200 5956736 PART IV, LINE 2B: THE RE-CARE PROGRAM IS A VOLUNTARY PROGRAM THAT ALLOWS CUSTOMERS TO CONTRIBUTE MONIES IN EXCESS OF THEIR BILL FOR THE PURPOSE OF HELPING OTHER MEMBERS PAY THEIR ELECTRIC BILL. THE CONTRIBUTED AMOUNT IS TRANSFEREED INTO AN ACCOUNT THAT IS ADMINISTERED BY CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION. THE BOARD OF DIRECTORS OF THE COOPERATIVE REVIEWS APPLICATIONS FOR ASSISTANCE SUBMITTED TO IT BY ACCREDITED SOCIAL SERVICE AGENCIES. FUNDS ARE DISTRIBUTED BASED ON NEED AND AVAILABILITY. IF NO FUNDS ARE CONTRIBUTED, THEN NO FUNDS ARE DISTRIBUTED. PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2022 AND 2021, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON AUDIT 1,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2022 MARGINS ALLOCATED IN 2023 450,000. EXPENSES NETTED WITH REVENUE ON AUDIT 1,200. FORM 990, PART VI, SECTION A, LINE 6 CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION HAS APPROXIMATELY 1,200 MEMBERS WHO PURCHASE ELECTRICITY FROM THE COOPERATIVE. THERE IS ONLY ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SERVE THREE YEAR TERMS AND ARE ELECTED TO THE BOARD AT THE ANNUAL MEETING OF THE MEMBERS. ALL MEMBERS ARE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B BOARD MEMBERS ARE ELECTED BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IN THE DISTRICT WHERE THEY RECEIVE THEIR ELECTRICITY. SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE COOPERATIVE REQUIRES A VOTE OF THE MEMBERSHIP. SUCH AUTHORIZATION SHALL BE APPROVED IF TWO-THIRDS OF THE MEMBERS VOTE AFFIRMATIVELY ON A BALLOT ON WHICH A MAJORITY OF ALL VOTING MEMBERS OF THE COOPERATIVE PARTICIPATE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE BOARD IS ADVISED BY AN ATTORNEY WHO DESCRIBES POSSIBLE CONFLICTS OF INTEREST. THE STATEMENTS ARE FILED WITH THE CEO. AT EACH BOARD MEETING, THE CEO INQUIRES WHETHER ANY DIRECTORS NEED TO UPDATE THEIR DISCLOSURE FORM. IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS AND CEO ARE RESPONSIBLE FOR TAKING THE APPROPRIATE ACTION, WHICH MAY INCLUDE ABSTENTION FROM DISCUSSION AND VOTING, AND POSSIBLE REQUEST FOR RESIGNATION. FORM 990, PART VI, SECTION B, LINE 15A SALARIES ARE DETERMINED BY THE BOARD OF DIRECTORS USING NRECA'S NATIONAL COMPENSATION SURVEY. THIS PROCESS IS UNDERTAKEN ANNUALLY WITH INCREASES EFFECTIVE THE FOLLOWING JANUARY. FORM 990, PART VI, SECTION C, LINE 19 THE INFORMATION IS AVAILABLE AT CALHOUN COUNTY ECA UPON WRITTEN REQUEST. PART VII BOARD MEMBERS ARE PAID A PER DIEM FOR ATTENDING MEETINGS. HOURS WORKED PER WEEK AS REPORTED ON PART VII MAY INCLUDE EDUCATION, TRAINING, OR OTHER MISCELLANEOUS COOPERATIVE-RELATED ACTIVITIES. FORM 990, PART VII THE CEO ACTS AS BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCE OFFICIAL FOR THE COOPERATIVE. FORM 990, PART XI, LINE 9: ALLOCATIONS OF 2022 MARGINS IN 2023 450,000. RETIREMENT OF CAPITAL CREDITS -256,091. GAIN/LOSS ON RETIREMENT OF CAPITAL CREDITS 42,162. INCREASE IN MEMBERSHIPS -70. DONATED CAPITAL 11,409. EDUCATION FUND EXPENSES -5,900. PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS. 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.