Mor Gran Sou Electric

“Innovative energy alliance is a separate cooperative formed by four electric cooperatives in the state of north dakota to provide management, it, human services, engineering, safety, marketing, legal, regulation and compliance services to the four cooperatives. Mor gran sou cooperative has hired innovative energy alliance to provide management, human resources and information services.”

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

“All members may vote. Members elect the 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 copy of the form 990 is provided to the organization's governing body to be reviewed and approved at a monthly board meeting prior to its filing.”

“All directors are required to anually sign a conflict of interest policy and update the board members ay 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.”

“The organization makes its form 990 available upon request.”

“The organization makes its governing documents, conflict of interest policy, and annual financial statements available to their members on the organization's website. Annual financials are presented at the annual membership meeting each year in july. 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 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: jason helgeson - $68,109 gary fitterer - $89,291 julie armijo - $70,770 jesse kuhn - $53,713 jason jahner - $48,460 cody maher - $36,052 the current year expense for this defined benefit plan was as follows: jason helgeson - $36,660 gary fitterer - $43,445 julie armijo - $32,983 jesse kuhn - $34,587 jason jahner - $34,587 cody maher - $34,587”

“Retirement of capital credits -755,447. Allocated capital credits 2,136,409. Rounding”

“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.”

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