2026-07-27T15:36:21-04:00 2025-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2025-01-01 460214198 MOREAU GRAND ELECTRIC COOPERATIVE MORE 6058653511 PO BOX 8 TIMBER LAKE SD 576560008 KENT LARSON GENERAL MANAGER 6058653511 2026-07-27 TRACI HANSON CPA P02055725 6053425630 2026-07-27 2025 2025-03-06 01:10:19Z KENT LARSON PO BOX 8 TIMBER LAKE SD 57656 15369710 false X MGE.COOP X 1946 SD COOPERATIVE -- ELECTRIC ENERGY TO MEMBERS 10 10 29 0 0 1010965 1105987 100119 -28213 6606920 6970644 7718004 8048418 0 392052 384287 2450199 2367906 0 0 4357239 4623326 7199490 7375519 518514 672899 59844813 60591862 39569770 39565325 20275043 21026537 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 7,175 METERS IN 2025. 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 39 0 29 true false false false false false 14390478 605500 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 KENT LARSON GENERAL MANA 40.00 X 160801 0 35243 JUSTIN THORSTENSON LINE FOREMAN 40.00 X 106871 0 55562 JOSHUA LEMBERG OPS. SUPERIN 40.00 X 105460 0 56552 TROY LONG LINE FOREMAN 40.00 X 117476 0 32821 HUNTER SMITH ASST. OPS. S 40.00 X 105991 0 41002 ETHAN ABERLE JOURNEYMAN L 40.00 X 111912 0 31178 GERALYN HAHNE SEC/TREASURE 3.00 X X 7250 0 0 RYAN MAHER PRESIDENT 3.00 X X 7250 0 0 CLINT CLARK DIRECTOR 3.00 X 6000 0 0 ROYCE WALKER DIRECTOR 3.00 X 5250 0 0 KERRY MCLELLAN VICE PRESIDE 3.00 X X 5000 0 0 TROY WALL DIRECTOR 3.00 X 4500 0 0 PAUL LAWRENCE DIRECTOR 3.00 X 4000 0 0 BRENT SCHWEITZER DIRECTOR 3.00 X 4000 0 0 ROBERT KECKLER DIRECTOR 3.00 X 3000 0 0 LOIS BARTLETT DIRECTOR 3.00 X 1500 0 0 CODY JEWETT DIRECTOR 3.00 X 1000 0 0 DEE ANN LAWRENCE DIRECTOR 3.00 X 1000 0 0 758261 252358 6 false true false K & H ELECTRIC PO BOX 656 LINTON ND 58552 LABOR 351750 MILLER CONSTRUCTION 47522 200TH ST WHITE SD 57276 REPAIRS 106130 NISC 3131 TECHNOLOGY DR NW MANDAN ND 58554 TECH SERVICES 102524 3 CAPITAL CREDITS - G&T 221000 382080 382080 TRANSMISSION SYSTEM RENTAL 221000 235431 235431 JOB ORDER REVENUES 221000 179914 179914 WHEELING IN ELECT SUBSTATION 221000 122092 122092 OTHER ELECTRIC SALES 221000 101650 101650 84820 84820 1105987 50755 50755 28686 28686 28686 28686 78968 -78968 -78968 -78968 14183698 7242324 6941374 6941374 CONNECT FEES 900099 584 584 584 8048418 8047945 473 384287 245794 1189633 291300 491852 149327 18733 28489 1793 43738 316536 96528 121173 37469 21336 1403515 1724533 2122 REPAIRS AND MAINTENANCE 501986 GROSS RECEIPT TAX 163631 DUES 92688 MISC 49056 7375519 0 0 0 667178 994218 1435379 1664401 1232637 1422898 74974641 26168516 48960953 48806125 7377447 7550717 171219 153503 59844813 60591862 1219256 972109 154899 162038 37356692 37604243 838923 826935 39569770 39565325 X 2747013 2822134 17528030 18204403 20275043 21026537 59844813 60591862 X 672899 78595 X false true X true false 110840 110840 9197974 9197974 11570476 11570476 54095351 26168516 27926835 48806125 INVESTMENT IN BASIN 6071764 C INVESTMENT IN ASSOC. ORG - OTHER 748484 C INVESTMENT IN RUSHMORE 407391 C INVESTMENT IN CFC 186283 C OTHER INVESTMENTS 86323 C CFC MCS 50000 C LITTLE EAGLE SUBSTATION RESERVE 472 C 7550717 CUSTOMER DEPOSITS 537752 OTHER 289183 826935 X 15213577 7320921 7320921 7892656 155762 155762 8048418 14462083 7242324 7242324 7219759 155760 155760 7375519 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, 2025, THE COOOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF POWER 7,242,324 CHANGE IN OTHER EQUITIES 78,597 SCHEDULE D, PAGE 4, PART XI, LINE 4B MERCHANDISING AND SERVICE LABOR - COST NETTED WITH REV 155,761 ROUNDING 1 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF POWER 7,242,324 SCHEDULE D, PAGE 4, PART XII, LINE 4B MERCHANDISING AND SERVICE LABOR COST AND EXPENSE 155,761 ROUNDING -1 X X false false false KENT LARSON GENERAL MANAGER 160801 21271 13972 196044 JUSTIN THORSTENSON LINE FOREMAN 106871 27487 28075 162433 JOSHUA LEMBERG OPS. SUPERINTENDENT 105460 28342 28210 162012 TROY LONG LINE FOREMAN 117476 19306 13515 150297 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 7,242,324 CHANGE IN OTHER EQUITIES 78,597 MERCHANDISING AND SERVICE LABOR - COST NETTED WITH REV -155,761 ROUNDING -1 COST OF POWER -7,242,324 MERCHANDISING AND SERVICE LABOR COST AND EXPENSE 155,761 ROUNDING -1 TOTAL 78,595