2025-07-31T16:37:47-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 410560428 AGRALITE ELECTRIC COOPERATIVE AGRA 3208434150 PO BOX 228 BENSON MN 56215 WARREN RAU PRESIDENT 3208434150 2025-07-30 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-07-30 2024 2025-03-06 01:10:19Z WARREN RAU PO BOX 228 BENSON MN 56215 26789267 0 X WWW.AGRALITE.COOP X 1939 MN DISTRIBUTE ELECTRICITY TO MEMBERSHIP. 7 7 28 0 274387 188783 0 0 26557036 26001963 426958 472113 49221 65592 27033215 26539668 5783 5839 2658338 1183952 3820477 3826179 0 0 0 19823208 20752373 26307806 25768343 725409 771325 73316237 80313301 41545506 47879743 31770731 32433558 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE AND OTHER RELATED PRODUCTS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION. 0 0 DISTRIBUTE ELECTRIC POWER TO APPROXIMATELY 5,679 MEMBERS ON 2,443 MILES OF LINE. 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 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13 0 1 28 1 1 1 0 0 0 0 25460106 985916 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 1 0 1 0 MN WI X STEPHANIE WROBLESKI 3208434150 320 E HWY 12 BENSON MN 56215 X WARREN RAU PRESIDENT 8.00 X X 14300 0 0 ORVIN GRONSETH VICE PRESIDENT 7.00 X X 12150 0 0 JEFF HUFFORD SECRETARY/TREASURER 8.00 X X 10600 0 0 KATHY DRAEGER DIRECTOR 3.00 X 13600 0 0 STEVE NELSON DIRECTOR 6.00 X 11250 0 0 ANDREA THOMSON DIRECTOR 5.00 X 13650 0 0 BENNETT ZIERKE DIRECTOR 5.00 X 13650 0 0 JENNIFER STRYHN CEO 50.00 X 224311 0 52689 STEPHANIE WROBLESKI CFO 45.00 X 129133 0 33687 THOMAS HOFFMAN OPERATIONS MANAGER 55.00 X 166667 0 70983 JONANTHAN MESSNER MEMBER SERVICES MANAGER 55.00 X 144342 0 38426 ROBERT HOBERG LEAD LINEMAN/FOREMEN 40.00 X 129062 0 72719 JEREMY SCHAUER LEAD LINEMAN/FOREMEN 40.00 X 120781 0 24996 CHRIS LARSON LEAD LINEMAN/FOREMEN 40.00 X 121923 0 15630 1125419 0 309130 17 0 1 0 GARDNER BUILDERS MINNEAPOLIS INC 730 2ND AVE SOUTH SUITE 1233 MINNEAPOLIS MN 55402 BUILDING GENERAL CONTRACTOR 4014195 STAR ENERGY SERVICES LLC 6875 POWER LANE SW ALEXANDRIA MN 56308 ENGINEERING AND SAFETY 736946 MOHAGEN HANSEN ARCHITECTURAL 1000 TWELVE OAKS CENTER DR WAYZATA MN 55391 ARCHITECTURAL FIRM 408329 CARR'S TREE SERVICE PO BOX 1250 OTTER TAIL MN 56571 RIGHT OF WAY CLEARING 375746 INTEGRITY CONTRACTING INC 17827 COUNTY RD 2 SHEVLIN MN 56676 POWER LINE INSTALL 316053 6 SALE OF POWER 221000 24896878 24896878 CAPITAL CREDITS 522100 951352 951352 EQUITY EARNINGS 561499 105101 -167063 272164 OTHER NON-OPERATING 221000 48632 48632 26001963 389428 389428 82685 0 82685 82685 82685 315191 249599 65592 63369 2223 26539668 25793168 274387 472113 5839 1183952 572045 2438323 605165 210646 1013804 2346945 UBI TAXES 2398 COST OF POWER 15493035 DISTRIBUTION-MAINTENANC 1938481 ADMIN & GENERAL 1624630 -1666920 25768343 6271698 4165152 2001356 2183989 783382 583390 2713117 2076151 306493 257369 90435023 36863160 45220559 53571863 2600322 3339892 13404381 14121502 14929 13993 73316237 80313301 2999962 3971004 1586236 2297883 51366 41569 36347194 41121855 560748 447432 41545506 47879743 X 0 0 0 0 31770731 32433558 31770731 32433558 73316237 80313301 X 771325 -108498 X 0 1 X 1 0 0 1 X 150998 150998 874721 616989 257732 5778786 2839180 2939606 83630518 33406991 50223527 53571863 GREAT RIVER ENERGY 7481617 C NATIONAL RURAL UTILITIES COOP. FINANCE CORP. 1031420 C EAST RIVER ELECTRIC POWER COOPERATIVE, INC 4921270 C COBANK 134412 C SWIFT COOPERATIVE OIL CO. PATRONAGE CAPITAL 62798 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 172893 C RURAL ELECTRIC SUPPLY COOPERATIVE 170149 C CHIPPEWA VALLEY AGRAFUELS COOP. PATRONAGE CAPITAL 10004 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE, PATRONAGE CAPITAL 40955 C RURAL ELECTRIC ECONOMIC DEVELOPMENT 80000 C OTHER 15984 C 14121502 CONSUMER DEPOSITS 41260 PATRONAGE CAPITAL PAYABLE 210 FINANCE LEASE LIABILITY 405962 447432 X 26531838 -7830 -7830 26539668 0 26539668 24576561 -7830 -7830 24584391 1183952 1183952 25768343 PART IV, LINE 2B: THE COOPERATIVE RECEIVES CONTRIBUTIONS FROM MEMBERS FOR AGRALITE ELECTRIC TRUST, AN OPERATION ROUNDUP PROGRAM. THE COOPERATIVE TRANSFERS THE CONTRIBUTIONS TO THE TRUST QUARTERLY IN JANUARY, MARCH, JULY AND OCTOBER. PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS EXPENSE REPORTED AS REVENUE IN FINANCIAL STATEMENTS -7,830. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS EXPENSE REPORTED AS REVENUE IN FINANCIAL STATEMENTS -7,830. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 1,183,952. X X X 0 0 0 JENNIFER STRYHN CEO 224311 0 0 0 0 0 32058 0 25143 0 281512 0 0 0 THOMAS HOFFMAN OPERATIONS MANAGER 166667 0 0 0 0 0 43485 0 30720 0 240872 0 0 0 ROBERT HOBERG LEAD LINEMAN/FOREMEN 129062 0 0 0 0 0 44748 0 30275 0 204085 0 0 0 JONANTHAN MESSNER MEMBER SERVICES MANAGER 144342 0 0 0 0 0 13345 0 28001 0 185688 0 0 0 STEPHANIE WROBLESKI CFO 129133 0 0 0 0 0 12154 0 24168 0 165455 0 0 0 EXPLANATION OF AMOUNT REPORTED IN PART II, COLUMN (C) INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. 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. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR THOMAS HOFFMAN IS $38,755 WITH ACTUAL CURRENT YEAR EXPENSE OF $31,184. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR JENNY STRYHN IS $25,408 WITH ACTUAL CURRENT YEAR EXPENSE OF $43,978. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR ROBERT HOBERG IS $40,200 WITH ACTUAL CURRENT YEAR EXPENSE OF $20,038. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR JONATHAN MESSNER IS $9,048 WITH ACTUAL CURRENT YEAR EXPENSE OF $28,386. THE CURRENT YEAR CHANGE IN ACTUARIAL VALUE FOR STEPHANIE WROBLESKI IS $8,280 WITH ACTUAL CURRENT EXPENSE OF $25,587. FORM 990, PART VI, SECTION A, LINE 6 SUBSTANTIALLY ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP MUST APPROVE CHANGES TO THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A COPY OF FORM 990 BEFORE IT IS FILED. THE FORM IS REVIEWED AND APPROVED DURING A MONTHLY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, THE GENERAL MANAGER, AND ALL EMPLOYEES. AS POTENTIAL CONFLICTS ARISE, MANAGEMENT MAKES INQUIRIES AND DETERMINES IF A CONFLICT EXISTS. MANAGEMENT IS RESPONSIBLE FOR THE HANDLING OF ALL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER'S SALARY IS COMPARED TO OTHER COOPERATIVES THROUGH INDUSTRY SURVERYS AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE AVAILABLE 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. 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 -1,292,450. ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 1,183,952. FORM 990, PART IX, LINE 4 STATEMENT OF FUNCTIONAL EXPENSES: 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 BYLAWS OF THE COOPERATIVE. FORM 990, PART IX, LINE 24E, STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 5-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. AGRALITE ELECTRIC TRUST PO BOX 228 BENSON MN 56215 411731852 CHARITABLE MN 501(C)(3) LINE 7 AGRALITE ELECTRIC COOPERATIVE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0