SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
NORTH PLAINS ELECTRIC COOPERATIVE INC
 
Employer identification number

75-0693840
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE III - MEETINGS OF MEMBERS SECTION 3.01. ANNUAL MEETING, WAS ALTERED SOLELY FOR THE CALENDAR YEAR 2021 AND THE NORTH PLAINS ANNUAL MEETING FOR 2021 IS HEREBY SET FOR SEPTEMBER 13, 2021. ARTICLE IV - DIRECTORS SECTION 4.03. ELECTION, WAS AMENDED TO STATE "AT EACH ANNUAL MEETING OF THE MEMBERS, DIRECTORS SHALL BE ELECTED BY SECRET WRITTEN BALLOT BY THE MEMBERS PRESENT FROM AMONG THOSE CANDIDATES WHO ARE EITHER NOMINATED BY THE NOMINATING COMMITTEE, OR BY PETITION, AS PROVIDED IN SECTION 4.06 OF THESE BYLAWS. PROVIDED, THAT WHEN THE NUMBER OF NOMINEES DOES NOT EXCEED THE NUMBER OF DIRECTORS TO BE ELECTED FROM A PARTICULAR DIRECTORATE DISTRICT, AND IF THERE IS NO OBJECTION, SECRET WRITTEN BALLOTING MAY BE DISPENSED WITH IN RESPECT OF THAT PARTICULAR ELECTION AND VOTING MAY BE CONDUCTED IN ANY OTHER PROPER MANNER. A NOMINEE MUST BE ELECTED BY MAJORITY OF THE VOTES CAST. THEREFORE, IF ON THE FIRST BALLOTING A CANDIDATE DOES NOT RECEIVE OVER 50% OF THE TOTAL VOTES CAST, A RUN-OFF ELECTION SHALL BE CONDUCTED." THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: HTTPS://WWW.NPEC.ORG/CO-OP-LAWS.
FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS.
FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.
FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION
FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO".
FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PROVIDED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE COOPERATIVE WILL REQUIRE THE BOARD OF DIRECTORS AND OFFICERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVE'S IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN TEXAS AND THE NATION. INTERNAL AND/OR EXTERNAL RESOURCES ARE ALSO USED TO COMPARE ANNUAL COMPENSATION WITHIN THE INDUSTRY. THE BOARD AND THE GENERAL MANAGER USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION.
FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE.
FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT, WITH YEARS OF SERVICE TAKEN INTO CONSIDERATION. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, AND VISION INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT.
FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS.
FORM 990, PART IX, LINE 4: THE AMOUNT REPORTED ON PART IX, LINE 4, BENEFITS PAID TO MEMBERS, IS ZERO FOR CALENDAR YEAR 2021. THE BENEFITS REPORTED ON LINE 4 REPRESENT THE PATRONAGE CAPITAL, WHICH IS ALLOCATED TO PATRONS EACH YEAR BASED ON THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE YEAR. PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE AND ARE REPORTED AS AN EXPENSE FOR FORM 990. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. BECAUSE THE COOPERATIVE SUSTAINED A NET LOSS IN 2021, NO AMOUNT IS REPORTED ON LINE 4.
FORM 990, PART IX, LINE 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 2,167,219 LESS: TRUSTEE FEES REPORTED ON FORMS 1099-NEC (256,182) LESS: EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (58,535) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,124,801 PLUS: SALARIES ALLOCATED TO NON-OPERATING MARGINS 12,672 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 191,213 TOTAL WAGES ACCRUED AND/OR PAID $ 3,181,188
FORM 990, PART IX, LINE 24: ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 906,604 OFFICE SUPPLIES 75,163 OUTSIDE SERVICES 54,355 UTILITIES 3,899 ANNUAL MEETING EXPENSE 55,702 REGULATORY COMMISSION EXPENSE 70,384 MISCELLANEOUS GENERAL 81,905 DIRECTORS 272,016 EMPLOYEE DUES & MEMBERSHIPS 45,813 MAINTENANCE OF GENERAL PLANT 146,317 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 1,712,158 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (26,943) LESS: RECLASS OF TRUSTEE FEES TO PART IX, LINE 5 (256,182) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (527,129) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (379,126) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 522,778
FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CONSUMER EXPENSE $ 115,639 GENERAC GENERATORS EXPENSE 33,198 TRANSMISSION EXPENSE 82,482 OTHER DEDUCTIONS 127 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 231,446
FORM 990, PART IX, LINE 1: ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, SPONSORSHIP, AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II.
FORM 990, PART IX: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RURAL UTILITIES SERVICE (RUS) UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA.
FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIRED - TOTAL -1,504,965. OCI - PENSION & BENEFITS 596,678.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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