Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | 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. |
| FORM 990, PART VI, SECTION A, LINE 6 | INDIVIDUALS AND ENTITIES RECEIVING ELECTRICAL POWER FROM THE COOPERATIVE ARE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS MAY VOTE. MEMBERS ELECT THE ENTIRE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | 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. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COMPLETED 990 IS REVIEWED AT A MONTHLY BOARD MEETING AND ACCEPTED BY THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL DIRECTORS ARE REQUIRED TO ANNUALLY SIGN OFF A CONFLICT OF INTEREST AND UPDATE THE OTHER BOARD MEMBERS ANY TIME A CONFLICT ARISES. |
| FORM 990, PART VI, SECTION B, LINE 15 | 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. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION MAKES ITS FORMS 990/990-T AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | 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. |
| FORM 990, PART VII | DON FRANKLUND, TRAVIS KUPPER 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. |
| FORM 990, PART VII, SECTION A, COLUMN F | INCLUDED 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 ALL INDIVIDUALS LISTED ON THE TABLE IS AS FOLLOWS: LAWANNA WILHELM - $63,545 DEAN VOLK - $105,086 RODNEY BENZ - $45,220 LYLE KOVAR - $54,097 CRAIG TURNER - $34,798 JEFF BOYNTON - $34,543 THIS AMOUNT IS AN ESTIMATE OF THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE, THEREFORE THESE AMOUNTS HAVE NOT BEEN CARRIED OVER TO OFFICER/DIRECTOR COMPENSATION ON THE STATEMENT OF FUNCTIONAL EXPENSE FOR THE APPLICABLE INDIVIDUALS. |
| FORM 990, PART XI, LINE 9: | RETIREMENT OF CAPITAL CREDITS -971,309. ALLOCATED CAPITAL CREDITS 3,287,381. |
| FORM 990, PART XI, LINE 2(C) | THERE WAS NO CHANGE IN THE OVERSITE OR SELECTION PROCESS OF THE INDEPENDENT AUDITORS. THE FULL BOARD OF DIRECTORS REVIEWED AND APPROVED THE INDEPENDENT AUDITORS. |
| FORM 990, PART IX, LINE 4: | THE AMOUNT OF $3,287,381 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. |
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