2026-08-26T13:41:22-05:00 2025-12-31 423603499 EIDE BAILLY ADVISORY LLC 345 N REID PL STE 400 SIOUX FALLS SD 571037077 990 2025-01-01 420451575 OSCEOLA ELECTRIC COOPERATIVE INC OSCE 7127542519 PO BOX 127 SIBLEY IA 51249 JEFFERY TENNAPEL EXECUTIVE VP/GENERAL MANAGER 7127542519 2026-08-26 1 LAURIE HANSON P00851848 6053391999 2026-08-26 2025 2025-03-06 01:10:19Z JEFFERY TENNAPEL PO BOX 127 SIBLEY IA 51249 10524973 0 X WWW.OSCEOLAELECTRIC.COM X 1938 IA RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO ITS MEMBERS. 7 7 9 0 0 0 0 0 9898549 10451357 53829 60272 15513 -852 9967891 10510777 13772 14212 379678 329484 992774 1138572 0 0 0 8201990 8699025 9588214 10181293 379677 329484 22969717 23122918 10084026 9731954 12885691 13390964 SALE OF ELECTRICITY TO MEMBERS TO GENERATE INCOME FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. 0 0 SUCCESSFULLY DELIVERED ELECTRIC SERVICE TO APPROXIMATELY 882 CONSUMERS IN NORTHWEST IOWA ON 533 MILES OF LINE. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 9 1 0 0 0 0 0 10269969 292614 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X MARK VANDER POL 7127542519 1102 EGRET DRIVE SIBLEY IA 51249 X TERRENCE CLARK PRESIDENT 3.60 X X 7850 0 0 DEREK ACKERMAN VICE PRESIDENT 2.40 X X 5850 0 0 DEAN HASPELS SECRETARY/TREASURER 3.60 X X 8200 0 0 DANIEL HEILMAN DIRECTOR 2.70 X 6675 0 0 ADAM HOEKSTRA DIRECTOR 4.50 X 7775 0 0 DOUGLAS ROTH DIRECTOR 2.50 X 5525 0 0 LINDSAY WATTERSON DIRECTOR 3.40 X 7250 0 0 JEFF TENNAPEL EXECUTIVE VP/GENERAL MANAGER 40.00 X 169087 0 127082 TOMMY STOREY LINE FOREMAN 40.00 X 122521 0 73183 LANCE GROEN CREW LEADER 40.00 X 113643 0 47704 ROBERT LOUIS JOURNEYMAN 40.00 X 111543 0 39859 MARK VANDERPOL OFFICE MANAGER 40.00 X 101858 0 90984 JUDD ROSENBOOM JOURNEYMAN 40.00 X 100122 0 40957 767899 0 419769 6 0 1 0 HIGHLINE CONSTRUCTION INC 16124 OLD LAKE RD PAYNESVILLE MN 56362 INSTALLATION OF OVERHEAD LINE AND ASSOCI 604363 LOOSBROCK DIGGING SERVICE 221 WEST 4TH STREET LISMORE MN 56155 INSTALLATION OF UNDERGROUND CABLE AND AS 208583 2 SALE OF ELECTRICITY 221000 10241702 10241702 COOP CAPITAL CREDITS 221000 209655 209655 10451357 60272 60272 13344 14196 -852 -852 10510777 10450505 0 60272 X 11590 2622 329484 297549 572999 210801 57223 50954 20456 72421 418850 534005 PURCHASED POWER 7009244 DISTRIBUTION - MAINTENA 489076 DISTRIBUTION - OPERATIO 485630 CUSTOMER ACCOUNTS 189281 -570892 10181293 1127431 1762394 1022075 834676 462031 453821 143084 137392 18632244 3912164 15017100 14720080 467873 506739 4721211 4698524 8912 9292 22969717 23122918 1492840 1023161 378 78 6563772 8163374 1310000 0 717036 545341 10084026 9731954 X 0 0 4375 4410 12881316 13386554 12885691 13390964 22969717 23122918 X 329484 175789 X 0 1 X 1 0 0 1 X 8749 8749 686491 355648 330843 17937004 3556516 14380488 14720080 PATRONAGE CAPITAL CREDITS 4511993 C NRUCFC CAPITAL TERM CERTIFICATES 186531 C 4698524 CONSUMER DEPOSITS 50615 DEFERRED CREDITS 220249 POSTRETIREMENT BENEFITS 225567 OTHER CREDIT 48910 545341 X 10510777 0 10510777 0 10510777 9851809 0 9851809 329484 329484 10181293 PART IV, LINE 2B: THE RE-CARE PROGRAM IS A VOLUNTARY PROGRAM THAT ALLOWS CUSTOMERS TO CONTRIBUTE MONIES IN EXCESS OF THEIR BILL FOR THE PURPOSE OF HELPING OTHER MEMBERS PAY THEIR ELECTRIC BILL. THE CONTRIBUTED AMOUNT IS TRANSFEREED INTO AN ACCOUNT THAT IS ADMINISTERED BY OSCEOLA ELECTRIC COOPERATIVE. FUNDS HELD IN THIS ACCOUNT ARE SENT TO UPPER DES MOINES OPPORTUNITY ON AN ANNUAL BASIS, WITH A REQUEST THAT ASSISTANCE IS GIVEN TO A MEMBER OF THE COOPERATIVE WHO APPLIES FOR ASSISTANCE. PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE EVIDENCE FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2025 MARGINS TO MEMBERS IN 2026 329,484. X 0 0 0 JEFF TENNAPEL EXECUTIVE VP/GENERAL MANAGER 167601 0 0 0 1486 0 101188 0 28138 0 298413 0 0 0 TOMMY STOREY LINE FOREMAN 121544 0 0 0 977 0 49939 0 24757 0 197217 0 0 0 MARK VANDERPOL OFFICE MANAGER 100506 0 0 0 1352 0 65090 0 27206 0 194154 0 0 0 LANCE GROEN CREW LEADER 113129 0 0 0 514 0 18940 0 30154 0 162737 0 0 0 ROBERT LOUIS JOURNEYMAN 110997 0 0 0 546 0 27963 0 13208 0 152714 0 0 0 SCHEDULE J PART II COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $92,512 FOR JEFFERY TEN NAPEL. THE COOPERATIVE'S ACTUAL EXPENSE WAS $42,522. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $43,900 FOR TOMMY STOREY. THE COOPERATIVE'S ACTUAL EXPENSE WAS $28,654. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $13,400 FOR LANCE GROEN. THE COOPERATIVE'S ACTUAL EXPENSE WAS $26,265. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $22,685 FOR ROBERT LOUIS. THE COOPERATIVE'S ACTUAL EXPENSE WAS $24,832. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $59,807 FOR MARK VANDERPOL. THE COOPERATIVE'S ACTUAL EXPENSE WAS $24,827. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONE CLASS OF MEMBERS. ANY PERSON, FIRM, CORPORATION, OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE BY PAYING THE MEMBERSHIP FEE, AGREEING TO PURCHASE ENERGY FROM THE COOPERATIVE, AND AGREEING TO COMPLY WITH THE BYLAWS OF THE COOPERATIVE. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSISTS OF SEVEN MEMBERS ELECTED TO THREE YEAR TERMS BY THE MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE A VOTE BY THE MEMBERSHIP. EACH MEMBER RECEIVES THE RIGHT TO VOTE ONCE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HOLD BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DISCUSSION IS HELD AT THE BOARD MEETING OUTLINING THE FORM 990. A COPY OF THE FORM 990 IS AVAILABLE TO ANY DIRECTOR WHO WISHES TO HAVE ONE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE DIRECTORS AND EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM. MANAGEMENT REVIEWS THE FORMS FOR ANY DISCLOSURES AND DISCUSSES WITH THE INDIVIDUAL ANY PROCEDURES THAT WILL NEED TO BE FOLLOWED. CONFLICTS OF INTEREST ARE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS, AND THE DIRECTOR WITH THE CONFLICT REFRAINS FROM DISCUSSION AND VOTING. IF NECESSARY, DIRECTORS WITH CONFLICTS OF INTEREST ARE ASKED TO EXIT THE MEETING DURING DISCUSSIONS PERTAINING TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY THE BOARD OF DIRECTORS FOLLOWING AN ANNUAL EVALUATION. THIS PROCESS IS UNDERTAKEN ANNUALLY IN JUNE. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES THESE DOCUMENTS AVAILABLE FOR REVIEW AT THE COOPERATIVE OFFICE UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990 PART VII THE GENERAL MANAGER IS THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL OF THE ORGANIZATION. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -153,730. CHANGE IN MEMBERSHIPS 35. ALLOCATION OF 2025 MARGINS TO MEMBERS IN 2026 329,484.