Civic Intelligence

North Star Electric Cooperative Incorporated

990 • Fiscal year 2012 • EIN 41-0449191

Jan 01, 2012 to Dec 31, 2012 • Filed on May 29, 2013

Organization Profilewww.northstarelectric.coop

View Organization Page

441 State Hwy 172 NW56623-0719
Siviq Scores

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

Liabilities / Assets

54th percentile

0.55x

Higher debt load relative to assets than 54% of similar nonprofits.

2012 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

61st percentile

4.8%

Faster asset growth than 61% of similar nonprofits.

2012 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$30,251,793

Up $1,389,109 (+4.8%) from 2011

Net Assets

Up

$13,472,115

Up $259,480 (+2.0%) from 2011

Liabilities

Up

$16,779,678

Up $1,129,629 (+7.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$13,815,245

Up $464,753 (+3.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$60M$40M$20M$0Assets 2010: $27,983,448Liabilities 2010: $15,707,601Net Assets 2010: $12,275,8472010Assets 2011: $28,862,684Liabilities 2011: $15,650,049Net Assets 2011: $13,212,6352011Assets 2012: $30,251,793Liabilities 2012: $16,779,678Net Assets 2012: $13,472,1152012Assets 2013: $32,637,135Liabilities 2013: $18,979,613Net Assets 2013: $13,657,5222013Assets 2014: $32,578,359Liabilities 2014: $19,159,747Net Assets 2014: $13,418,6122014Assets 2015: $33,495,149Liabilities 2015: $19,616,011Net Assets 2015: $13,879,1382015Assets 2016: $34,229,996Liabilities 2016: $20,349,130Net Assets 2016: $13,880,8662016Assets 2017: $34,400,789Liabilities 2017: $20,412,953Net Assets 2017: $13,987,8362017Assets 2018: $34,510,981Liabilities 2018: $20,274,112Net Assets 2018: $14,236,8692018Assets 2019: $37,153,361Liabilities 2019: $22,260,138Net Assets 2019: $14,893,2232019Assets 2020: $39,856,635Liabilities 2020: $24,791,987Net Assets 2020: $15,064,6482020Assets 2021: $41,270,845Liabilities 2021: $25,815,480Net Assets 2021: $15,455,3652021Assets 2022: $42,168,414Liabilities 2022: $25,960,668Net Assets 2022: $16,207,7462022Assets 2023: $42,216,577Liabilities 2023: $25,079,621Net Assets 2023: $17,136,9562023

Highlighted filing

2012

Assets$30,251,793
Liabilities$16,779,678
Net Assets$13,472,115
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2010: $11,119,1392010Expenses 2011: $13,350,4922011Expenses 2012: $13,815,2452012Revenue 2013: $14,315,178Expenses 2013: $14,315,178Net Income 2013: $02013Revenue 2014: $14,796,095Expenses 2014: $14,796,095Net Income 2014: $02014Revenue 2015: $14,385,133Expenses 2015: $14,385,133Net Income 2015: $02015Revenue 2016: $14,453,496Expenses 2016: $14,453,496Net Income 2016: $02016Revenue 2017: $14,996,066Expenses 2017: $14,996,066Net Income 2017: $02017Revenue 2018: $15,778,616Expenses 2018: $15,778,616Net Income 2018: $02018Revenue 2019: $15,847,575Expenses 2019: $15,847,575Net Income 2019: $02019Revenue 2020: $15,290,067Expenses 2020: $15,290,067Net Income 2020: $02020Revenue 2021: $15,284,833Expenses 2021: $15,284,833Net Income 2021: $02021Revenue 2022: $16,601,117Expenses 2022: $16,601,117Net Income 2022: $02022Revenue 2023: $16,130,658Expenses 2023: $16,130,658Net Income 2023: $02023

Highlighted filing

2012

Revenue-
Expenses$13,815,245
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 29, 2013
Return Version
2012v2.1
Gross Receipts
$13,824,005
Mission and Program Overview

Mission

To improve the lives of our member-owners and community by responsibly providing clean, affordable electric energy and other beneficial services while maintaining the very highest standards of performance and member satisfaction.

Filing and Contact Details

Filer

EIN
41-0449191
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The members of the Cooperative can elect to round up their monthly electric bill to the next dollar. These funds collected from the membership are held in a Cooperative account until they are released to the North Star Electric Cooperative Community Trust. These funds are transferred directly to the Trust on a monthly basis. Funds that exist at the end of year are a result of a timing difference in the receipt of the funds and the release of them to the Trust. For the year ended December 31, 2012 the account held $1,649.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Form 990, Schedule J, Part II, Column C, Compensation Of Officers, Directors, Key Employees, Highest Compensated Employees And Independent Contractors: included in column "c" , deferred compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Dan Hoskins is $127,446 and for Ann Ellis is $43,000. This amount is an estimate in the increase of the value of the plan and is not current year expenses of the cooperative. The current year expense for this defined benefit plan was $39,817 and $25,730 respectively.
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IRS990ScheduleO/GeneralExplanation/Explanation0Form 990, Part IV, Line 12, Audited Financials: Although the Cooperative did not have an audit for the calendar year ended December 31, 2012, it did have an audit performed by an independent accountant for the period from August 1, 2011 through July 31, 2012. The audit period was chosen in order to reduce the cost of the audit, as it was not performed during peak season for the audit firm. The Cooperative is scheduled to have an independent audit performed for the period August 1, 2012 through July 31, 2013.
IRS990ScheduleO/GeneralExplanation/Explanation1The Cooperative has voting members. Each member has one vote.
IRS990ScheduleO/GeneralExplanation/Explanation2The Cooperative is divided into 7 districts. Each district is represented by one board member. Members can only vote for board members within their district.
IRS990ScheduleO/GeneralExplanation/Explanation3Changes to the Cooperative's bylaws must be approved by the Cooperative's members. The directors are limited by the bylaws as to decisions relating to the sale of the Cooperative, mergers and other significant transactions.
IRS990ScheduleO/GeneralExplanation/Explanation4The Cooperative did not have any committees with the authority to act on behalf of the Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation5The Finance Manager and General Manager reviewed the Form 990 prior to presenting the Form 990 to the Board of Directors. The Board of Directors reviewed and approved the Form 990 at the May 28, 2013 board meeting.
IRS990ScheduleO/GeneralExplanation/Explanation6The Cooperative expects Directors or employees who have conflicts of interest to disclose them immediately as they occur. Due care is taken to avoid unethical behavior and ensure honesty and accountability. The responsibility for the review and determination of board conflicts rests with the Board President. The responsibility for the review and determination of employees' conflicts rests with the General Manager. All members are required to abstain from voting on any situation that may arise.
IRS990ScheduleO/GeneralExplanation/Explanation7NRECA data is gathered by the Board of Directors. The General Manager salary will be within the average range of the data - not highest and not lowest. The Board approves the General Manager salary. Minutes are kept of the board meeting deliberations. This annual process last took place in July 2012. The General Manager reviews the performance evaluation of the Finance Manager. This process was last performed in 2012.
IRS990ScheduleO/GeneralExplanation/Explanation8The Cooperative's bylaws are distributed to all new members. Financial statements are shared with members at the annual meeting. Monthly board meeting minute summaries are reported in the Cooperative's newsletter each month. The Cooperative's code of conduct is available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation9Included in column "f" , estimated amount of other compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Dan Hoskins is $127,446 and for Ann Ellis is $43,000. This amount is an estimate in the increase of the value of the plan and is not current year expenses of the cooperative. The current year expense for this defined benefit plan was $39,817 and $25,730 respectively.
IRS990ScheduleO/GeneralExplanation/Explanation10Form 990, Part IX, Line 4: 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.
IRS990ScheduleO/GeneralExplanation/Explanation11Form 990, Part IX, Statement Of Functional Expenses, Line 24e: The labor, pension and payroll taxes reported on lines 5-10 are already included in distribution expense, administrative & general expense and customer expense. Therefore, these amounts are being subtracted out as an other deduction on line 24e in the amount of $(2,331,881).
IRS990ScheduleO/GeneralExplanation/Explanation12Retirements of Capital Credits -645,759. Changes in Membership 110. Donated Capital Changes 12,694. Patronage Capital Allocated 892,435.
IRS990ScheduleO/GeneralExplanation/Identifier0Changes 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 A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990,Part VII,Section A, Column (F)
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part XI, line 9:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10PO Box 719
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0Baudette
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode056623
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg01
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10North Star Electric Cooperative
IRS990ScheduleR/Form990ScheduleRPartII/EIN0204992283
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10North Star Electric Cooperative Community Trust
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Donations for Charitable and Educational Purposes
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0Line 7
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg01
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs01
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved10
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0General Ledger
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination1General Ledger
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10North Star Electric Cooperative Community Trust
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine11North Star Electric Cooperative Community Trust
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0L
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType1R
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10441 State Hwy 172 NW

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$30,251,793
Liabilities
$16,779,678
Net assets
$13,472,115
Revenue
-
Expenses
$13,815,245
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.2$25.1$17.1$16.1$16.1$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.2$26.0$16.2$16.6$16.6$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$25.8$15.5$15.3$15.3$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.9$24.8$15.1$15.3$15.3$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$22.3$14.9$15.8$15.8$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.5$20.3$14.2$15.8$15.8$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.4$20.4$14.0$15.0$15.0$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.2$20.3$13.9$14.5$14.5$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$19.6$13.9$14.4$14.4$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$19.2$13.4$14.8$14.8$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$32.6$19.0$13.7$14.3$14.3$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$16.8$13.5$13.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$15.7$13.2$13.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.0$15.7$12.3$11.1