2024-08-07T09:19:31-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 1297 BISMARCK ND 585021297 990 2023-01-01 450217935 MOR GRAN SOU ELECTRIC MORG 7015973301 PO BOX 297 FLASHER ND 585350297 ALEX CRAIGMILE CFO 7015794191 2024-07-15 1 1 LANCE RAMBOUSEK P01212867 7012231717 2024-07-15 2023 2024-08-08 14:25:15Z ALEX CRAIGMILE PO BOX 297 FLASHER ND 585350297 24262585 0 X WWW.MORGRANSOU.COM X 1940 ND PROVIDE ELECTRIC UTILITY SERVICE 9 9 25 0 -102244 0 0 0 22550886 22615905 681398 208379 1826184 1435801 25058468 24260085 6294 7266 3284984 2155997 611517 515754 0 0 0 21155673 21581068 25058468 24260085 0 0 100196980 111760031 56008988 66275960 44187992 45484071 MOR-GRAN-SOU ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDING AFFORADABLE, RELIABLE ENERGY & SERVICES THAT SUPPORT AND UNITE OUR MEMBER-OWNERS. 0 0 MOR-GRAN-SOU PROVIDES RELIABLE, AFFORDABLE ENERGY TO ITS 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 1 0 0 0 0 0 1 0 0 1 136 0 25 1 1 1 0 0 0 0 0 0 22615905 1644180 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALEX CRAIGMILE 7015973301 202 6TH AVE W FLASHER ND 58535 X STEVE TOMAC CHAIRMAN 7.44 X 11900 0 0 CHAD HARRISON VICE CHAIR 4.56 X X 12425 0 0 PAM GEIGER SECRETARY-TREASURER 5.85 X 9363 0 0 MARK DOLL DIRECTOR 2.04 X 5950 0 0 RODNEY FROELICH DIRECTOR 1.46 X 7000 0 0 ROBERT LEINGANG DIRECTOR 5.96 X 9800 0 0 RYAN PETRICK DIRECTOR 2.38 X 9100 0 0 KATHY TOKACH DIRECTOR 3.60 X 7700 0 0 CASEY WELLS DIRECTOR 5.62 X X 10325 0 0 JASON BENTZ IEA EMPLOYEE CO-MANAGER 0.00 40.00 X 0 0 0 TRAVIS KUPPER IEA EMPLOYEE CO-MANAGER 0.00 40.00 X 0 0 0 ALEX CRAIGMILEIEA EMPLOYEE CFO 0.00 40.00 X 0 0 0 JASON HELGESON SENIOR ENGINEERING TECHNIC 40.00 X 132997 0 99018 GARY FITTERER LEADMAN 40.00 X 145448 0 83610 JULIE ARMIJO MEMBER SERVICES MANAGER 40.00 X 103017 0 120234 JESSE KUHN ENGINEERING TECHNICIAN 40.00 X 126392 0 84902 JASON JAHNER LEADMAN 40.00 X 133607 0 74376 725024 0 462140 5 0 1 0 INNOVATIVE ENERGY ALLIANCE COOPERATIVE 4585 COLEMAN ST BISMARCK ND 58503 PROFESSIONAL SERVICES 1648985 3C CONSTRUCTION 4001 30TH AVE NW MANDAN ND 58554 LINE CONSTRUCTION 741645 NORTHWEST CONTRACTING INC 2840 VALLEY FORGE ST BISMARCK ND 58503 GENERAL CONSTRUCTION 706106 FISCHER CONTRACTING 3335 SARATOGA AVE BISMARCK ND 58501 HEAVY/HIGHWAY CIVIL CONTRACTOR 669988 MAINTENANCE SOLUTIONS COOPERATION 1600 EAST INTERSTATE AVENUE SUITE BISMARCK ND 58503 LINE CONSTRUCTION 270759 7 SALE OF ELECTRICITY 221000 21759987 21759987 OTHER ELECTRIC REVENUE 221000 855918 855918 22615905 210879 210879 2500 -2500 -2500 -2500 CAPITAL CREDITS 900099 1360133 1360133 MISCELLANEOUS 900099 177912 177912 K-1 WDUS HOLDINGS 230000 -102244 -102244 1435801 24260085 23973538 -102244 388791 7266 2155997 83563 432191 298520 2447617 2885947 COST OF POWER 9993283 DISTRIBUTION - MAINTENA 1568069 ADMINISTRATIVE AND GENE 1488961 DISTRIBUTION - OPERATIO 1407647 1491024 24260085 1908974 3000299 1500000 6750000 2393780 2981968 2097970 2820349 21867 27281 126247914 41851503 80436869 84396411 11837520 11783723 100196980 111760031 2687818 1929643 51569881 62562190 1751289 1784127 56008988 66275960 X 0 0 0 0 44187992 45484071 44187992 45484071 100196980 111760031 X 0 1296078 X X 0 1 X 1 0 1684983 1684983 2341038 1047159 1293879 112577371 40804344 71773027 9644522 9644522 84396411 MEMBERSHIPS 5050 C PATRONAGE CAPITAL CREDITS 9058923 C INVESTMENT IN WDUS HOLDINGS 1068416 C FEDERATED STOCK 248222 C PATRONAGE CAPITAL CREDITS FROM NONPROFIT 803529 C COBANK CLASS "E" STOCK 520431 C INVESTMENT IN MAINTENANCE SOLUTIONS COOP 79152 C 11783723 DEFERRED CREDITS 1784127 1784127 X 24235646 0 24235646 24439 24439 24260085 22079649 0 22079649 2180436 2180436 24260085 PART X, LINE 2: FIN 48 DISCLOSURE--IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: MERCHANDISING EXPENSE (NET W/ MERCHANDISING) 24,439. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF CURRENT YEAR NET INCOME TO MEMBERS-PARTRONAGE CAPITAL 2,155,997. MERCHANDISING EXPENSE (NET W/ MERCHANDISING) 24,439. 0 0 0 JASON HELGESON SENIOR ENGINEERING TECHNIC 132997 0 0 0 0 0 65001 0 34017 0 232015 0 0 0 GARY FITTERER LEADMAN 145448 0 0 0 0 0 71652 0 11958 0 229058 0 0 0 JULIE ARMIJO MEMBER SERVICES MANAGER 103017 0 0 0 0 0 87053 0 33181 0 223251 0 0 0 JESSE KUHN ENGINEERING TECHNICIAN 126392 0 0 0 0 0 51354 0 33548 0 211294 0 0 0 JASON JAHNER LEADMAN 133607 0 0 0 0 0 46338 0 28038 0 207983 0 0 0 INNOVATIVE ENERGY ALLIANCE COOPERATIVE TRAVIS K, JASON B AND ALEX C ARE OFFICERS OF BOTH ENTITIES 1648985 PAYMENTS FOR MANAGEMENT AND OTHER SERVICES PERFORMED 0 FORM 990, PART VI, SECTION A, LINE 3 INNOVATIVE ENERGY ALLIANCE IS A SEPARATE COOPERATIVE FORMED BY FOUR ELECTRIC COOPERATIVES IN THE STATE OF NORTH DAKOTA TO PROVIDE MANAGEMENT, IT, HUMAN SERVICES, ENGINEERING, SAFETY, MARKETING, LEGAL, REGULATION AND COMPLIANCE SERVICES TO THE FOUR COOPERATIVES. MOR GRAN SOU COOPERATIVE HAS HIRED INNOVATIVE ENERGY ALLIANCE TO PROVIDE MANAGEMENT, HUMAN RESOURCES AND INFORMATION SERVICES. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES RECEIVING ELECTRICAL POWER FROM THE COOPERATIVE ARE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS MAY VOTE. MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING, ALL BYLAW CHANGES MUST BE APPROVED BY THE MEMBERS AND THE MEMBERS MAY VOTE ON MOTIONS CONCERNING THE OPERATIONS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY TO BE REVIEWED AND APPROVED AT A MONTHLY BOARD MEETING PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ARE REQUIRED TO ANUALLY SIGN A CONFLICT OF INTEREST POLICY AND UPDATE THE BOARD MEMBERS AY TIME A CONFLICT ARISES. FORM 990, PART VI, SECTION B, LINE 15 COSTS FOR MANAGEMENT WERE COMPARED TO STATE AVERAGES, PRIOR WAGES, AND APPROVED BY THE FULL BOARD AFTER BOARD DELIBERATION. PAY IS REVIEWED ANNUALLY. CHANGES ARE BASED ON MERIT, CPI AND COMPARATIVE WAGES. BOARD OF DIRECTORS MUST APPROVE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL FINANCIAL STATEMENTS AVAILABLE TO THEIR MEMBERS ON THE ORGANIZATION'S WEBSITE. ANNUAL FINANCIALS ARE PRESENTED AT THE ANNUAL MEMBERSHIP MEETING EACH YEAR IN JULY. GOVERNING DOCUMENTS ARE MADE AVAILABLE TO EACH MEMBER WHEN THEY INITIALLY BECOME A MEMBER. FORM 990, PART VII TRAVIS KUPPER, JASON BENTZ AND ALEX CRAIGMILE ARE EMPLOYEES OF INNOVATIVE ENERGY ALLIANCE COOPERATIVE, A SEPARATE UNRELATED ENTITY THAT PROVIDES MANAGEMENT SERVICES TO RURAL ELECTRIC COOPERATIVES IN NORTH DAKOTA. FORM 990, PART VII, SECTION A, COLUMN F INCLUDED IN THE COLUMN "F" ESTIMATED AMOUNT OF OTHER COMPENSATION IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE ESTIMATED INCREASE IS AS FOLLOWS FOR THOSE LISTED IN PART VII: JASON HELGESON - $65,001 GARY FITTERER - $71,652 JULIE ARMIJO - $87,053 JESSE KUHN - $51,354 JASON JAHNER - $46,338 THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS AS FOLLOWS: JASON HELGESON - $36,360 GARY FITTERER - $39,878 JULIE ARMIJO - $32,736 JESSE KUHN - $34,306 JASON JAHNER - $34,306 FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -859,919. ALLOCATED CAPITAL CREDITS 2,155,997. ROUNDING FORM 990, PART XI, LINE 2 (C) THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT AUDITORS. THE FULL BOARD OF DIRECTORS REVIEWED AND APPROVED THE INDEPENDENT AUDITORS. PART IX, LINE 4 THE AMOUNT ON THIS LINE IS FOR PARTONAGE DIVIDENDS. THE COOPERATIVE HAS INTERPRETED PATRONAGE DIVIDENDS TO MEAN THE AMOUNT OF CAPITAL CREDITS THAT WERE ALLOCATED TO MEMBERS IN THE CURRENT YEAR. MOR-GRAN-SOU ELECTRIC CHARITABLE FOUNDATION INC PO BOX 297 FLASHER ND 58535 320551880 CHARITABLE CONTRIBUTIONS TO NEEDY ORGANIZATIONS ND 501(C)(3) LINE 7 N/A 0 WDUS HOLDINGS LLC 4001 30TH AVE NW MANDAN ND 58554 473324612 PROVIDE CONSTRUCTION SERVICES TO ELECTRIC COOPERATIVES ND UNRELATED -118888 999828 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 WDUS HOLDINGS LLC M 741645 ACTUAL COST