Slope Electric Cooperative Inc

“Innovative energy alliance cooperative is a separate cooperative formed by four rural electric cooperatives in the state of north dakota to provide management and advisory services to the four rural electric cooperatives. Slope electric cooperative has hired innovative energy alliance cooperative to provide management, human resources and other services.”

“Individuals and entities receiving electrical power from the cooperative are members.”

“All members may vote. Members elect the entire board of directors.”

“At the annual meeting, all bylaw changes must be approved by the members and the members may vote on motions concerning the operations of the cooperative.”

“A completed 990 is reviewed at a monthly board meeting and accepted by the board prior to filing.”

“All directors are required to annually sign off a conflict of interest and update the other board members any time a conflict arises.”

“Costs for management were compared to state averages, prior wages, and approved by the full board after board deliberation. Pay is reviewed annually. Changes are based on merit, cpi, and comparative wages. Board of directors must approve these changes. The payroll changes for other key employees are based on the same criteria as ceo.”

“The organization makes its forms 990/990-t available upon request.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Annual financials are presented at the annual membership meeting each year in june. Governing documents are made available to each member when they initially become a member.”

“Travis kupper, jason bentz and alex craigmile are employees of innovative energy alliance cooperative, a separate unrelated entity that provides management and other services to rural electric cooperatives in north dakota.”

“Included in the column "f" estimated amount of other compensation is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase is as follows for those listed in part vii: dean volk - $48,6663 jeff boynton - $39,362 andrew sonsalla - $27,525 bradley schmitt - $3,067 dustin hoff - $12,003 mark frank - $8,400 the current year expense for this defined benefit plan was as follows: dean volk - $44,704 jeff boynton - $32,800 andrew sonsalla - $32,800 bradley schmitt - $13,845 dustin hoff - $14,674 mark frank - $13,845”

“The amount of $2,292,325 on this line is for patronage dividends. The cooperative has interpreted patronage dividends to mean the amount of capital credits that were allocated to members in the current year.”

“Retirement of capital credits -2,833,278. Allocated capital credits 2,292,326.”

“There was no change in the oversight or selection process of the independent auditors. The full board of directors reviewed and approved the independent auditors.”