2025-07-16T18:46:33-04:00 2024-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2024-01-01 460214198 MOREAU GRAND ELECTRIC COOPERATIVE MORE 6058653511 PO BOX 8 TIMBER LAKE SD 576560008 KENT LARSON OPERATIONS/MANAGER 6058653511 2025-07-16 true TRACI HANSON CPA P02055725 6053425630 2025-07-16 2024 2025-03-06 01:10:19Z KENT LARSON PO BOX 8 TIMBER LAKE SD 57656 14361875 false X MGE.COOP X 1946 SD COOPERATIVE -- ELECTRIC ENERGY TO MEMBERS 10 10 25 0 0 1196073 1010965 195591 100119 6354807 6606920 7746471 7718004 0 401898 392052 2341583 2450199 0 0 4171210 4357239 6914691 7199490 831780 518514 57435664 59844813 37753714 39569770 19681950 20275043 COOPERATIVE -- ELECTRIC ENERGY TO MEMBERS false false PROVIDE LOW-COST ELECTRICAL POWER TO MEET PRESENT AND FUTURE NEEDS OF MEMBERS IN A THREE-COUNTY SERVICE AREA. THE COOPERATIVE SERVED 7,206 METERS IN 2024. false false false false false false false false false true false true 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 false false false true 36 0 25 true false false false false false 13400897 654473 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X KENT LARSON 6058653511 PO BOX 8 TIMBER LAKE SD 57656 MELISSA MAHER MANAGER 40.00 X 157585 0 41104 KENT LARSON OPERATIONS/M 40.00 X 124655 0 33012 JUSTIN THORSTENSON LINE FOREMAN 40.00 X 102334 0 52720 GERALYN HAHNE SEC/TREASURE 3.00 X X 6500 0 0 ROBERT KECKLER DIRECTOR 3.00 X 6250 0 0 CLINT CLARK DIRECTOR 2.00 X 6000 0 0 ROYCE WALKER DIRECTOR 4.00 X 6000 0 0 TROY WALL DIRECTOR 3.00 X 6000 0 0 LOIS BARTLETT DIRECTOR 3.00 X 5750 0 0 RYAN MAHER PRESIDENT 3.00 X X 5500 0 0 PAUL LAWRENCE DIRECTOR 2.00 X 5000 0 0 KERRY MCLELLAN VICE PRESIDE 3.00 X X 5000 0 0 LARRY HIEB DIRECTOR 2.00 X 4500 0 0 BRENT SCHWEITZER DIRECTOR 1.00 X 1500 0 0 442574 126836 3 false true false CAPITAL CITY CONSTRUCTION 1501 E CALGARY AVE BISMARCK ND 58503 CONSTRUCTION 3248599 1 CAPITAL CREDITS - G&T 221000 419495 419495 TRANSMISSION SYSTEM RENTAL 221000 235428 235428 OTHER ELECTRIC SALES 221000 98601 98601 JOB ORDER REVENUES 221000 91407 91407 WHEELING IN ELECT SUBSTATION 221000 89453 89453 76581 76581 1010965 99909 99909 43712 43712 43712 43712 210 210 210 210 13206920 6643871 6563049 6563049 CONNECT FEES 900099 159 159 159 7718004 7574173 143831 392052 256689 1305358 282822 464096 141234 29768 26228 22644 44248 348073 84401 91401 35244 26187 1346618 1625909 5483 REPAIRS AND MAINTENANCE 388361 GROSS RECEIPT TAX 162745 DUES 85338 MISC 34591 7199490 0 0 0 3629903 667178 1260041 1435379 1454542 1232637 75030561 26069608 43725046 48960953 7195386 7377447 170746 171219 57435664 59844813 1092678 1219256 288905 154899 35539404 37356692 832727 838923 37753714 39569770 X 2565744 2747013 17116206 17528030 19681950 20275043 57435664 59844813 X 518514 74579 X false true X true false 110840 110840 9056420 9056420 11804505 11804505 54058796 26069608 27989188 48960953 INVESTMENT IN BASIN 5978254 C INVESTMENT IN ASSOC. ORG - OTHER 717670 C INVESTMENT IN RUSHMORE 399851 C INVESTMENT IN CFC 186283 C CFC MCS 50000 C OTHER INVESTMENTS 44917 C LITTLE EAGLE SUBSTATION RESERVE 472 C 7377447 CUSTOMER DEPOSITS 532802 OTHER 306121 838923 X 14351590 6718451 6718451 7633139 84865 84865 7718004 13758497 6643871 6643871 7114626 84864 84864 7199490 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE HAS MET THE REQUIREMENT THAT MORE THAN 85 PERCENT OF ITS REVENUE BE FROM ITS MEMBERS. THE STATE OF SOUTH DAKOTA DOES NOT HAVE AN INCOME TAX LAW. AT DECEMBER 31, 2024, THE COOOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF POWER 6,643,871 CHANGE IN OTHER EQUITIES 74,580 SCHEDULE D, PAGE 4, PART XI, LINE 4B MERCHANDISING AND SERVICE LABOR - COST NETTED WITH REV 84,865 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF POWER 6,643,871 SCHEDULE D, PAGE 4, PART XII, LINE 4B MERCHANDISING AND SERVICE LABOR COST AND EXPENSE 84,865 ROUNDING -1 X X false false false MELISSA MAHER MANAGER 157585 25388 15716 198689 KENT LARSON OPERATIONS/MANAGER 124655 19527 13485 157667 JUSTIN THORSTENSON LINE FOREMAN 102334 25565 27155 155054 FORM 990, PAGE 6, PART VI, LINE 6 MOREAU-GRAND ELECTRIC COOPERATIVE HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS VOTE ANNUALLY ON THE BOARD OF DIRECTORS WHO HAVE THREE YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B BYLAW AMENDMENTS NEED TO BE VOTED ON BY MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE FOLLOWING CONFLICT OF INTEREST SURVEY IS CONDUCTED WITH THE BOARD ANNUALLY: DO YOU AS A BOARD MEMBER HAVE A 'CONFLICT OF INTEREST' AS TO A PERSONAL INTEREST IN A MATTER OF SUCH A NATURE AND MAGNITUDE THAT A CONFLICT EXISTS BETWEEN THE PERSONAL INTEREST AND THE COOPERATIVE'S INTEREST THAT COULD POTENTIALLY CAUSE AN INABILITY TO EXERCISE INDEPENDENT AND OBJECTIVE JUDGMENT ON THE MATTER. 'PERSONAL INTERESTS' MAY NOT TECHNICALLY INVOLVE THE BOARD MEMBER BUT MAY INVOLVE RELATIVES, BUSINESS ASSOCIATES, OR OTHER INDIVIDUALS OR ORGANIZATIONS WITH WHICH YOU ARE CLOSELY ASSOCIATED. NO YES IF YES, PLEASE STIPULATE THE SITUATION FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO INCLUDING SALARY AND BENEFITS - THE BOARD REFERS TO THE CURRENT YEAR SDREA (SOUTH DAKOTA RURAL ELECTRIC COOPERATIVE ASSOCIATION) COMPENSATION SURVEY AS A GUIDE. THE BYLAWS PROHIBIT A BLOOD RELATIONSHIP BETWEEN BOARD MEMBERS AND THE EMPLOYEES SUCH AS SPOUSE, CHILD, PARENT, BROTHER OR SISTER, BY BLOOD OR MARRIAGE. OFFICERS OF THE BOARD DO NOT GET COMPENSATED AS OFFICERS. ALL BOARD MEMBERS PER DIEM IS THE SAME. FORM 990, PAGE 6, PART VI, LINE 15B SAME PERSON AS 15A. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE MEMBERS UPON REQUEST. BYLAWS ARE MAILED TO ALL NEW MEMBERS. ANY MEMBER UPON REQUEST WOULD BE PROVIDED A COPY OF OUR POLICIES. OUR ANNUAL FINANCIAL STATEMENTS ARE PUBLISHED TO OUR MEMBERS. THIS INFORMATION IS NOT MADE PUBLIC TO NONMEMBERS. FORM 990, PART XI, LINE 9 COST OF POWER 6,643,871 CHANGE IN OTHER EQUITIES 74,580 MERCHANDISING AND SERVICE LABOR - COST NETTED WITH REV -84,865 COST OF POWER -6,643,871 MERCHANDISING AND SERVICE LABOR COST AND EXPENSE 84,865 ROUNDING -1 TOTAL 74,579