Civic Intelligence

Red Lake Electric Cooperative

EIN 41-0496565 • 501(c)12 • Red Lake Falls, MN

Profile

It is the mission of red lake electric cooperative to enhance the quality of life for people of our service area by consistently providing safe, quality electric service and other services while holding our employees, our community and our environment in high regard.

PO Box 430Red Lake Falls, MN 56750

www.redlakeelectric.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.62x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

1.33x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

56th percentile

4.2%

Faster asset growth than 56% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-1.0%

Faster revenue growth than 20% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$33,457,329

Up $1,341,347 (+4.2%) from 2023

Liabilities

Up

$20,584,653

Up $1,166,059 (+6.0%) from 2023

Net Assets

Up

$12,872,676

Up $175,288 (+1.4%) from 2023

Operations
Liabilities / Revenue45th percentileNet Margin35th percentile

Revenue

Down

$15,479,054

Down $155,430 (-1.0%) from 2023

Expenses

Down

$15,479,053

Down $155,431 (-1.0%) from 2023

Net Income

Up

$1

Up $1 from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $22,925,831Liabilities 2011: $12,117,653Net Assets 2011: $10,808,1782011Assets 2012: $23,713,751Liabilities 2012: $12,662,854Net Assets 2012: $11,050,8962012Assets 2013: $25,170,246Liabilities 2013: $13,494,920Net Assets 2013: $11,675,3262013Assets 2014: $25,404,991Liabilities 2014: $13,414,428Net Assets 2014: $11,990,5632014Assets 2015: $25,965,657Liabilities 2015: $13,969,573Net Assets 2015: $11,996,0842015Assets 2016: $27,168,848Liabilities 2016: $15,101,375Net Assets 2016: $12,067,4732016Assets 2017: $26,733,824Liabilities 2017: $14,668,568Net Assets 2017: $12,065,2562017Assets 2018: $28,523,164Liabilities 2018: $16,462,560Net Assets 2018: $12,060,6042018Assets 2019: $29,738,961Liabilities 2019: $17,983,676Net Assets 2019: $11,755,2852019Assets 2020: $30,396,390Liabilities 2020: $18,716,322Net Assets 2020: $11,680,0682020Assets 2021: $31,809,117Liabilities 2021: $19,596,257Net Assets 2021: $12,212,8602021Assets 2022: $32,080,315Liabilities 2022: $19,531,210Net Assets 2022: $12,549,1052022Assets 2023: $32,115,982Liabilities 2023: $19,418,594Net Assets 2023: $12,697,3882023Assets 2024: $33,457,329Liabilities 2024: $20,584,653Net Assets 2024: $12,872,6762024

Highlighted filing

2024

Assets$33,457,329
Liabilities$20,584,653
Net Assets$12,872,676
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $13,156,392Expenses 2011: $13,161,992Net Income 2011: -$5,6002011Revenue 2012: $13,382,514Expenses 2012: $13,382,519Net Income 2012: -$52012Revenue 2013: $13,866,873Expenses 2013: $13,870,203Net Income 2013: -$3,3302013Revenue 2014: $14,488,600Expenses 2014: $14,496,309Net Income 2014: -$7,7092014Revenue 2015: $13,958,827Expenses 2015: $13,958,827Net Income 2015: $02015Revenue 2016: $14,419,072Expenses 2016: $14,426,140Net Income 2016: -$7,0682016Revenue 2017: $14,800,800Expenses 2017: $14,801,171Net Income 2017: -$3712017Revenue 2018: $15,200,463Expenses 2018: $15,205,142Net Income 2018: -$4,6792018Revenue 2019: $15,257,078Expenses 2019: $15,303,796Net Income 2019: -$46,7182019Revenue 2020: $14,916,224Expenses 2020: $14,949,129Net Income 2020: -$32,9052020Revenue 2021: $15,220,565Expenses 2021: $15,243,964Net Income 2021: -$23,3992021Revenue 2022: $15,413,825Expenses 2022: $15,413,825Net Income 2022: $02022Revenue 2023: $15,634,484Expenses 2023: $15,634,484Net Income 2023: $02023Revenue 2024: $15,479,054Expenses 2024: $15,479,053Net Income 2024: $12024

Highlighted filing

2024

Revenue$15,479,054
Expenses$15,479,053
Net Income$1
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,457,329
Liabilities
$20,584,653
Net assets
$12,872,676
Revenue
$15,479,054
Expenses
$15,479,053
Net income
$1
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.5$20.6$12.9$15.5$15.5$0.00
2023Detailed filing. Detailed filing data is available for this year.$32.1$19.4$12.7$15.6$15.6$0.00
2022Detailed filing. Detailed filing data is available for this year.$32.1$19.5$12.5$15.4$15.4$0.00
2021Detailed filing. Detailed filing data is available for this year.$31.8$19.6$12.2$15.2$15.2$0.02
2020Detailed filing. Detailed filing data is available for this year.$30.4$18.7$11.7$14.9$14.9$0.03
2019Detailed filing. Detailed filing data is available for this year.$29.7$18.0$11.8$15.3$15.3$0.05
2018Summary only. Only limited summary data is available for this year.$28.5$16.5$12.1$15.2$15.2$0.00
2017Summary only. Only limited summary data is available for this year.$26.7$14.7$12.1$14.8$14.8$0.00
2016Summary only. Only limited summary data is available for this year.$27.2$15.1$12.1$14.4$14.4$0.01
2015Summary only. Only limited summary data is available for this year.$26.0$14.0$12.0$14.0$14.0$0.00
2014Summary only. Only limited summary data is available for this year.$25.4$13.4$12.0$14.5$14.5$0.01
2013Summary only. Only limited summary data is available for this year.$25.2$13.5$11.7$13.9$13.9$0.00
2012Summary only. Only limited summary data is available for this year.$23.7$12.7$11.1$13.4$13.4$0.00
2011Summary only. Only limited summary data is available for this year.$22.9$12.1$10.8$13.2$13.2$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.2
Gross Receipts
$15,677,123
Mission and Program Overview

Mission

It is the mission of red lake electric cooperative to enhance the quality of life for people of our service area by consistently providing safe, quality electric service and other services while holding our employees, our community and our environment in high regard.

It is the mission of the red lake electric cooperative to enhance the quality of life for people of our service area by consistently providing safe, quality electric service and other services while holding our employees, our community and our environment in high regard.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,489,169$26,406,957▲ $917,788
Rtn Earn Endowment Incm Other Fnds$12,697,388$12,872,676▲ $175,288
Investments Program Related$2,866,983$2,937,039▲ $70,056
Accounts Receivable$1,584,641$1,822,205▲ $237,564
Cash and Non-Interest-Bearing Accounts$1,309,093$0▼ $1,309,093
Inventories for Sale or Use$783,789$1,279,254▲ $495,465
Savings and Temporary Cash Investments$2,178$918,790▲ $916,612
Prepaid Expenses and Deferred Charges$78,974$84,960▲ $5,986
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,115,982$33,457,329▲ $1,341,347
Other Assets Total$1,155$8,124▲ $6,969
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,706,709$17,535,224▲ $828,515
Accounts Payable and Accrued Expenses$1,802,760$2,208,509▲ $405,749
Other Liabilities$907,048$838,625▼ $68,423
Escrow Account Liability$2,077$2,295▲ $218
Total Liabilities$19,418,594$20,584,653▲ $1,166,059
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,697,388$12,872,676▲ $175,288
Total Liabilities and Net Assets / Fund Balance$32,115,982$33,457,329▲ $1,341,347

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,925,979$23,276,352$48,202,331
Buildings$832,512$542,039$1,374,551
Other Land Buildings$556,894-$556,894
Land$91,572-$91,572
Investment Program Related Org$147,556--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie JohnsonGeneral ManagerFT$134,920$71,146$206,066
Steve ConelyLine SuperintendentFT$121,511$61,634$183,145
Kelli BratengMember Services ManagerFT$102,962$25,545$128,507
Bonnie ChristiansVice President-$7,250-$7,250
Randy VersdahlDirector-$6,750-$6,750
Pete MosbeckPresident-$6,325-$6,325
Cecil AndersonDirector-$6,250-$6,250
Mark HansonDirector-$5,250-$5,250
Lars DyrudDirector-$4,250-$4,250
Colette KujavaSecretary/treasurer-$3,750-$3,750
Jennifer Bernier-linderDirector-$3,250-$3,250
Krist OlsonDirector-$3,000-$3,000
Stacy BlawatDirector-$850-$850
Aaron ChervestadDirector-$500-$500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,345,371
Investment Income
$64,080
Other Revenue
$69,603
Change in Net Assets
$1

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,479,054
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,479,054
Total Revenue per Form 990
$15,479,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,599,911
Salaries, Compensation, and Employee Benefits$249,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,351,603
Benefits to Members---$629,703
Other Expenses---$607,629
Interest---$501,831
Current Officers, Directors, Trustees, and Key Employees---$249,439
All Other Expenses---$17,657
Total Functional Expenses$0$0$0$15,479,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,479,053
Expenses per Audited Statements$14,849,350
Total Expenses per Audited Statements$14,849,350
Expenses Not Reported on Financial Statements$629,703
Other Expense Adjustments$629,703
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Consumer Deposits$556,103
Miscellaneous Deferred Credits$282,522
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All electric customers are voting members of the cooperative. 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 members vote on significant issues at the annual meetings. Each member has one vote per issue.”

Form 990, Part VI, Section B, Line 11B

“The report will be reviewed by the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Directors and employees are encouraged to report possible violations of this policy. The board reviews & approve said policy annually. The coop will not allow or condone any retaliation against anyone reporting a possible violation.”

Form 990, Part VI, Section C, Line 19

“Available at the cooperative office upon request during normal working hours.”

Filing and Contact Details

Filer

Filer Name
Red Lake Electric Cooperative
EIN
41-0496565
Phone
2182532168
Address
PO BOX 430, RED LAKE FALLS, MN 56750

Signing Officer

Name
Christie Klipping
Title
Manager of Finance & Administration
Phone
2182532168
Signed
2025-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christie Klipping
Formed
1938
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
22
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Matt Laughlin
Phone
7017754685
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 4: BENEFITS PAID TO OR FOR MEMBERS

“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 in schedule o. 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.”

FORM 990, PART XI, LINE 9:

“Retirement of capital credits -456,901. Change in memberships 2,485. Allocated capital credits 629,703.”

Financial Statement Notes

PART IV, LINE 2B:

“The cooperative collected $2295 from members through operation round up that is to be paid to the red lake electric cooperative trust.”

PART X, LINE 2:

“The cooperative is exempt from income taxes. The cooperative'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. It is the opinion of management that the cooperative has no significant uncertain tax positions that would be subject to change upon irs examination. The federal income tax returns of the cooperative are subject to examination by the irs, generally for three years afther they were filed. All required filings are current.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Benefits paid to members 629,703.”

Raw XML AppendixShowing 400 of 502 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12LINE SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER SERVICES MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015677123
IRS990/GrossSalesOfInventoryAmt0180984
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0501831
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0783789
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01279254
IRS990/InvestmentIncomeGrp/ExclusionAmt064080
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt064080
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02866983
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02937039
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023818391
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025489169
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026406957
IRS990/LandBldgEquipCostOrOtherBssAmt050225348
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt014672603
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT IS THE MISSION OF RED LAKE ELECTRIC COOPERATIVE TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE OF OUR SERVICE AREA BY CONSISTENTLY PROVIDING SAFE, QUALITY ELECTRIC SERVICE AND OTHER SERVICES WHILE HOLDING OUR EMPLOYEES, OUR COMMUNITY AND OUR ENVIRONMENT IN HIGH REGARD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016706709
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017535224
IRS990/NetAssetsOrFundBalancesBOYAmt012697388
IRS990/NetAssetsOrFundBalancesEOYAmt012872676
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-17085
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-17085
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01155
IRS990/OtherAssetsTotalGrp/EOYAmt08124
IRS990/OtherChangesInNetAssetsAmt0175287
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE & GENERA
IRS990/OtherExpensesGrp/Desc3CONSUMER EXPENSE
IRS990/OtherExpensesGrp/TotalAmt09895654
IRS990/OtherExpensesGrp/TotalAmt11609060
IRS990/OtherExpensesGrp/TotalAmt2616477
IRS990/OtherExpensesGrp/TotalAmt3607629
IRS990/OtherLiabilitiesGrp/BOYAmt0907048
IRS990/OtherLiabilitiesGrp/EOYAmt0838625
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS FROM OTHER COOPS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt086688
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt086688
IRS990/OtherRevenueTotalAmt086688
IRS990/OtherSourcesGrossIncomeAmt01004521
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078974
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt084960
IRS990/PrincipalOfficerNm0CHRISTIE KLIPPING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC OPERATING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015345371
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015345371
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0662907
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079787
IRS990/PYOtherExpensesAmt014743157
IRS990/PYOtherRevenueAmt0212701
IRS990/PYProgramServiceRevenueAmt015341996
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt0228420
IRS990/PYTotalExpensesAmt015634484
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015634484
IRS990/ReconcilationRevenueExpnssAmt01
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012697388
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012872676
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02178
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0918790
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0832512
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0542039
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01374551
IRS990ScheduleD/EquipmentGrp/BookValueAmt024925979
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023276352
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048202331
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0629703
IRS990ScheduleD/ExpensesSubtotalAmt014849350
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02102440
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1214720
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2472323
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3147556
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL FRO POWER SUPPLIER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN ASSOCIATED ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENTS IN SUPPLEMENTAL LENDING ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3MISCELLANEOUS INVESTMENTS IN VARIOUS COOP PATRONAGE CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt091572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091572
IRS990ScheduleD/OtherExpensesNotIncludedAmt0629703
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0556894
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0556894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0556103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1282522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS DEFERRED CREDITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015479054
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE COLLECTED $2295 FROM MEMBERS THROUGH OPERATION ROUND UP THAT IS TO BE PAID TO THE RED LAKE ELECTRIC COOPERATIVE TRUST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE IS EXEMPT FROM INCOME TAXES. THE COOPERATIVE'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. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON IRS EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTHER THEY WERE FILED. ALL REQUIRED FILINGS ARE CURRENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BENEFITS PAID TO MEMBERS 629,703.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026406957
IRS990ScheduleD/TotalBookValueProgramRltdAmt02937039
IRS990ScheduleD/TotalExpensesPerForm990Amt015479053
IRS990ScheduleD/TotalLiabilityAmt0838625
IRS990ScheduleD/TotalRevenuePerForm990Amt015479054
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015479054
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014849350
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0134920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1121511
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt047639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt146652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023507
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt114982
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHANIE JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEVE CONELY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1LINE SUPERINTENDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0206066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1183145
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN SCHEDULE J, PART II, COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. 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 ESTIMATED ACTUARIAL INCREASE FOR OFFICERS AND HIGHEST COMPENSATED EMPLOYEES: STEPHANIE JOHNSON - $39,150 STEVE CONELY - $39,421 KELLI BRATENG - $18,963 THE ACTUAL CURRENT YEAR CONTRIBUTION INTO THE DEFINED BENEFIT PLAN FOR THESE OFFICERS AND HIGHEST COMPENSATED EMPLOYEES: STEPHANIE JOHNSON - $35,099 STEVE CONELY - $30,144 KELLI BRATENG - $24,760
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II, COLUMN "C" DEFERRED COMPENSATION:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL ELECTRIC CUSTOMERS ARE VOTING MEMBERS OF THE COOPERATIVE. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THERE IS ONE CLASS OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS VOTE ON SIGNIFICANT ISSUES AT THE ANNUAL MEETINGS. EACH MEMBER HAS ONE VOTE PER ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REPORT WILL BE REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS AND EMPLOYEES ARE ENCOURAGED TO REPORT POSSIBLE VIOLATIONS OF THIS POLICY. THE BOARD REVIEWS & APPROVE SAID POLICY ANNUALLY. THE COOP WILL NOT ALLOW OR CONDONE ANY RETALIATION AGAINST ANYONE REPORTING A POSSIBLE VIOLATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT THE COOPERATIVE OFFICE UPON REQUEST DURING NORMAL WORKING HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BENEFITS 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 IN SCHEDULE O. 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/SupplementalInformationDetail/ExplanationTxt7RETIREMENT OF CAPITAL CREDITS -456,901. CHANGE IN MEMBERSHIPS 2,485. ALLOCATED CAPITAL CREDITS 629,703.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 4: BENEFITS PAID TO OR FOR MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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