Civic Intelligence

Itasca Mantrap Co Op Electrical Assn

990 • Fiscal year 2011 • EIN 41-0330817

Jan 01, 2011 to Dec 31, 2011 • Filed on Jul 18, 2012

Organization ProfileWWW.ITASCA-MANTRAP.COM

View Organization Page

South County Road 656470
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.55x

Higher debt load relative to assets than 49% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

45th percentile

4.0%

Faster asset growth than 45% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$52,479,369

Up $2,039,859 (+4.0%) from 2010

Net Assets

Up

$23,491,517

Up $1,749,098 (+8.0%) from 2010

Liabilities

Up

$28,987,852

Up $290,761 (+1.0%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$20,628,473

Up $2,654,728 (+15%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $50,439,510Liabilities 2010: $28,697,091Net Assets 2010: $21,742,4192010Assets 2011: $52,479,369Liabilities 2011: $28,987,852Net Assets 2011: $23,491,5172011Assets 2012: $53,567,884Liabilities 2012: $29,234,712Net Assets 2012: $24,333,1722012Assets 2013: $58,420,949Liabilities 2013: $31,484,196Net Assets 2013: $26,936,7532013Assets 2014: $58,817,397Liabilities 2014: $30,159,980Net Assets 2014: $28,657,4172014Assets 2015: $58,562,662Liabilities 2015: $28,585,556Net Assets 2015: $29,977,1062015Assets 2016: $59,872,989Liabilities 2016: $29,025,398Net Assets 2016: $30,847,5912016Assets 2017: $61,419,822Liabilities 2017: $29,140,505Net Assets 2017: $32,279,3172017Assets 2018: $63,813,941Liabilities 2018: $31,489,675Net Assets 2018: $32,324,2662018Assets 2019: $64,752,786Liabilities 2019: $31,454,221Net Assets 2019: $33,298,5652019Assets 2020: $65,169,485Liabilities 2020: $31,348,436Net Assets 2020: $33,821,0492020Assets 2021: $67,529,595Liabilities 2021: $32,842,604Net Assets 2021: $34,686,9912021Assets 2022: $72,198,735Liabilities 2022: $37,009,638Net Assets 2022: $35,189,0972022Assets 2023: $73,502,047Liabilities 2023: $37,558,798Net Assets 2023: $35,943,2492023Assets 2024: $75,612,519Liabilities 2024: $39,497,508Net Assets 2024: $36,115,0112024

Highlighted filing

2011

Assets$52,479,369
Liabilities$28,987,852
Net Assets$23,491,517
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $17,973,7452010Expenses 2011: $20,628,4732011Expenses 2012: $21,165,1442012Revenue 2013: $24,394,143Expenses 2013: $24,395,179Net Income 2013: -$1,0362013Revenue 2014: $24,643,756Expenses 2014: $24,644,657Net Income 2014: -$9012014Revenue 2015: $24,253,861Expenses 2015: $24,300,470Net Income 2015: -$46,6092015Revenue 2016: $24,924,305Expenses 2016: $24,897,350Net Income 2016: $26,9552016Revenue 2017: $25,392,816Expenses 2017: $25,392,817Net Income 2017: -$12017Revenue 2018: $24,079,756Expenses 2018: $24,079,756Net Income 2018: $02018Revenue 2019: $25,088,857Expenses 2019: $25,085,075Net Income 2019: $3,7822019Revenue 2020: $24,896,448Expenses 2020: $24,896,837Net Income 2020: -$3892020Revenue 2021: $28,952,605Expenses 2021: $28,952,603Net Income 2021: $22021Revenue 2022: $30,902,494Expenses 2022: $30,902,493Net Income 2022: $12022Revenue 2023: $31,499,670Expenses 2023: $31,499,670Net Income 2023: $02023Revenue 2024: $32,595,678Expenses 2024: $32,595,678Net Income 2024: $02024

Highlighted filing

2011

Revenue-
Expenses$20,628,473
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jul 18, 2012
Return Version
2011v1.2
Gross Receipts
$20,854,870
Mission and Program Overview

Mission

Distribute electric energy to members.

Filing and Contact Details

Filer

EIN
41-0330817
Raw XML AppendixShowing 400 of 485 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ASSOCIATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0INCLUDED IN SCHEDULE J, PART II, COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR MICHAEL MONSRUD, THE ESTIMATED INCREASE IS $45,962. THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE. THE CURRENT YEAR CONTRIBUTION INTO THE DEFINED BENEFIT PLAN WAS: $36,828
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0SUPPLEMENTAL INFORMATION
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0PURCHASE OF ELECTRICITY FROM THE ORGANIZATION'S POWER SUPPLIER
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10GREAT RIVER ENERGY
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0ROYCE PETERSON REPRESENTS THE COOPERATIVE ON THE GREAT RIVER ENERGY BOARD
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION IS A MEMBER OWNED COOPERATIVE.
IRS990ScheduleO/GeneralExplanation/Explanation1THERE IS ONE CLASS OF MEMBERSHIP AND MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation2COOPERATIVE MEMBERS VOTE ON CHANGES TO THE BYLAWS OR ARTICLES OF INCORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation3COPIES OF FORM 990 ARE GIVEN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND DISCUSSED AT THE ITASCA-MANTRAP CO-OP BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation4THE COOPERATIVE REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY REQUESTING A FORM 990 QUESTIONAIRE BE COMPLETED.
IRS990ScheduleO/GeneralExplanation/Explanation5THE BOARD OF DIRECTORS FILLS OUT A CEO PERFORMANCE APPRAISAL FORM. THE BOARD REVIEWS OTHER LOCAL COOPERATIVES CEO SALARIES AND REFERS TO THE NRECA ANNUAL MINNESOTA SALARY SURVEY FOR GUIDANCE. THEY REVIEW THE APPRAISAL, SURVEYS, DISCUSS THE PROGRESS ON GOALS ASSIGNED AMONGST THEMSELVES AND THEN BRING THE CEO INTO THE ROOM AND DICUSS THESE SAME ITEMS WITH HIM. FOR ALL OTHER OFFICERS AND KEY EMPLOYEES OF THE COOPERATIVE, A PERFORMANCE REVIEW ON KEYNELINK (A SOFTWARE PROGRAM) IS PERFORMED AND REFERENCE TO THE NRECA ANNUAL MINNESOTA SALARY SURVEY IS MADE.
IRS990ScheduleO/GeneralExplanation/Explanation6THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7INCLUDED IN PART VII, SECTION A, LINE 1A, COLUMN F, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS, THE ESTIMATED INCREASE IS: MICHAEL MONSRUD: $45,962 BRENDA KELLER: $22,818 THESE AMOUNTS ARE ESTIMATES IN THE INCREASE OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN WERE: MICHAEL MONSRUD: $36,828 BRENDA KELLER: $28,330 THESE AMOUNTS ARE INCLUDED IN THE ABOVE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN.
IRS990ScheduleO/GeneralExplanation/Explanation8A CHANGE TO FORM 990 INSTRUCTIONS BETWEEN TAX YEARS 2010 AND 2011 LED TO A REPORTING CHANGE ON THE CURRENT YEAR FORM 990. FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) NOW INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI AND ON SCHEDULE D PARTS XI AND XIII. THIS CHANGE ALSO IMPACTS THE PRIOR YEAR COMPARABILITY OF FORM 990 PART I, LINE 14. IN REFERENCE TO FORM 990, PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE.
IRS990ScheduleO/GeneralExplanation/Explanation9BOOK/TAX DIFFERENCE FROM K-1'S -194,799. RETIREMENT OF CAPITAL CREDITS -317,479. OTHER ADJUSTMENTS -1,390. ALLOCATED CAPITAL CREDITS 2,067,967. TOTAL TO FORM 990, PART XI, LINE 5: 1,554,299.
IRS990ScheduleO/GeneralExplanation/Identifier0ESTIMATED ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN:
IRS990ScheduleO/GeneralExplanation/Identifier1PATRONAGE DIVIDENDS PAID
IRS990ScheduleO/GeneralExplanation/Identifier2CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VII, SECTION A, LINE 1A:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART IX, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XI, LINE 5:
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0PARK RAPIDS
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode0564700192
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IRS990ScheduleR/Form990ScheduleRPartII/EIN0205048055
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N TRUST
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0COMMUNITY TRUST
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 7
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IRS990ScheduleR/Form990ScheduleRPartI/PrimaryActivities0BRUSH AND TREE TRIMMING SERVICES
IRS990ScheduleR/Form990ScheduleRPartI/TotalIncome0232452
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg01
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved071556
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0FMV
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N TRUST
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0Q

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$52,479,369
Liabilities
$28,987,852
Net assets
$23,491,517
Revenue
-
Expenses
$20,628,473
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$39.5$36.1$32.6$32.6$0.00
2023Detailed filing. Detailed filing data is available for this year.$73.5$37.6$35.9$31.5$31.5$0.00
2022Detailed filing. Detailed filing data is available for this year.$72.2$37.0$35.2$30.9$30.9$0.00
2021Detailed filing. Detailed filing data is available for this year.$67.5$32.8$34.7$29.0$29.0$0.00
2020Detailed filing. Detailed filing data is available for this year.$65.2$31.3$33.8$24.9$24.9$0.00
2019Detailed filing. Detailed filing data is available for this year.$64.8$31.5$33.3$25.1$25.1$0.00
2018Detailed filing. Detailed filing data is available for this year.$63.8$31.5$32.3$24.1$24.1$0.00
2017Detailed filing. Detailed filing data is available for this year.$61.4$29.1$32.3$25.4$25.4$0.00
2016Detailed filing. Detailed filing data is available for this year.$59.9$29.0$30.8$24.9$24.9$0.03
2015Detailed filing. Detailed filing data is available for this year.$58.6$28.6$30.0$24.3$24.3$0.05
2014Detailed filing. Detailed filing data is available for this year.$58.8$30.2$28.7$24.6$24.6$0.00
2013Detailed filing. Detailed filing data is available for this year.$58.4$31.5$26.9$24.4$24.4$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$29.2$24.3$21.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.5$29.0$23.5$20.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.4$28.7$21.7$18.0