TAYLOR ELECTRIC COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TAYLOR ELECTRIC COOPERATIVE (EIN 39-0651310)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-22
- IRS object ID
- 202441139349301214
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-22T15:11:09-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 391277627 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAUMAN ASSOCIATES LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1225 | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 547021225 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390651310 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TAYLOR ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TAYL | BusinessNameControlTxt |
| Phone | 7156782411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | N1831 STATE HIGHWAY 13 | AddressLine1Txt |
| City | MEDFORD | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54451 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KENNETH CEAGLSKE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 7156782411 | PhoneNum |
| Signature | 2024-04-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KENNETH | PersonFirstNm |
| Person Last | CEAGLSKE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NATHAN KALEPP CPA | PreparerPersonNm |
| PTIN | P01320467 | PTIN |
| Phone | 7158342001 | PhoneNum |
| Preparation | 2024-04-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KENNETH CEAGLSKE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | N1831 STATE HIGHWAY 13 | AddressLine1Txt |
| City | MEDFORD | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54451 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,864,944 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TAYLORELECTRIC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO BE OUR MEMBERS' MOST VALUABLE RESOURCE FOR ENERGY AND RELATED SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Total Gross UBI | $791 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,295,827 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,339,954 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,688 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,059 | CYInvestmentIncomeAmt |
| PY Other Revenue | $523,254 | PYOtherRevenueAmt |
| CY Other Revenue | $458,531 | CYOtherRevenueAmt |
| PY Total Revenue | $10,856,769 | PYTotalRevenueAmt |
| CY Total Revenue | $10,816,544 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $873,216 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $875,547 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $433,012 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $437,683 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,271,978 | PYOtherExpensesAmt |
| CY Other Expenses | $9,389,235 | CYOtherExpensesAmt |
| PY Total Expenses | $10,578,206 | PYTotalExpensesAmt |
| CY Total Expenses | $10,702,465 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $278,563 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $114,079 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $27,497,625 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,903,800 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,290,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,041,891 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,206,778 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,861,909 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO BE OUR MEMBERS' MOST VALUABLE RESOURCE FOR ENERGY AND RELATED SERVICES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | IN CONNECTION WITH THE COOPERATIVE'S MISSION THE COOPERATIVE PROVIDES RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO MEMBERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 70 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 13 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $10,337,323 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $31,639 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7156782411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | N 1831 STATE HIGHWAY 13 | AddressLine1Txt |
| City | MEDFORD | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54451 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| KENNETH CEAGLSKE | |||||||
| PRESIDENT/CE | 48.00 | Yes (X) | $176,523 | $0 | $68,353 | ||
| PATRICIA NELSON | |||||||
| FINANCE/ADMI | 48.00 | Yes (X) | $112,529 | $0 | $74,253 | ||
| JUSTIN FUCHS | |||||||
| LINEMAN | 40.00 | $109,915 | $0 | $35,181 | Yes (X) | ||
| MICHAEL ELORANTA | |||||||
| LINEMAN | 40.00 | $108,849 | $0 | $36,009 | Yes (X) | ||
| GEOFFREY MUELLER | |||||||
| LINEMAN | 40.00 | $106,348 | $0 | $37,065 | Yes (X) | ||
| TIMOTHY HABERMEYER | |||||||
| LINEMAN | 40.00 | $108,527 | $0 | $34,002 | Yes (X) | ||
| COLTEN CUMMINGS | |||||||
| LINEMAN | 40.00 | $108,559 | $0 | $18,753 | Yes (X) | ||
| LISA KOHN | |||||||
| SEC/TREAS. | 7.10 | $12,025 | $0 | $0 | Yes (X) | ||
| CHERI KLUSSENDORF | |||||||
| DIRECTOR | 5.40 | $10,900 | $0 | $0 | Yes (X) | ||
| BRIAN HALLGREN | |||||||
| CHAIRMAN | 5.60 | $10,375 | $0 | $0 | Yes (X) | ||
| DAVE MAKOVSKY | |||||||
| DIRECTOR | 6.20 | $10,125 | $0 | $0 | Yes (X) | ||
| DON EVERHARD | |||||||
| DIRECTOR | 4.40 | $10,050 | $0 | $0 | Yes (X) | ||
| CHARLES ZENNER | |||||||
| VICE CHAIRMA | 4.60 | $8,525 | $0 | $0 | Yes (X) | ||
| PAUL WOODS | |||||||
| SECRETARY/TR | 5.40 | $6,825 | $0 | $0 | Yes (X) | ||
| PATRICIA WALDHART | |||||||
| SECRETARY (J | 3.20 | $2,875 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $902,950 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $303,616 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MAKOVSKY BRUSH SERVICE LLC | |||||
| PO BOX 206 | PRENTICE | WI | 54556 | ELECTRIC DISTB | $338,836 |
| NISC | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | SOFTWARE | $139,226 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GROSS ELECTRIC REVENUE | 221000 | $10,263,937 | $10,263,937 |
| SERVICES, CHARGES, FEES - ELE | 221000 | $76,017 | $76,017 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,339,954 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,819 | TotalRevenueColumnAmt |
| Exclusion | $14,819 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,240 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,240 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,240 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,240 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $62,589 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $48,400 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,189 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,189 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | BusinessBusinessCd | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| CAPITAL CREDITS | $361,913 | $361,913 | ||
| DPC REFUND | $81,638 | $81,638 | ||
| NONOPERATING INCOME | $791 | 221000 | $791 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $444,342 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,816,544 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,800,934 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $791 | UnrelatedBusinessRevenueAmt |
| Exclusion | $14,819 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $875,547 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $437,683 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $612,594 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $986,705 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $5,425,179 |
| DISTRIBUTION - MAINTENANC | $740,451 |
| DISTRIBUTION - OPERATIONS | $635,936 |
| GENERAL & ADMIN EXPENSES | $418,389 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $569,981 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,702,465 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300 | BOYAmt |
| EOY | $300 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,639 | BOYAmt |
| EOY | $264,842 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $934,765 | BOYAmt |
| EOY | $921,047 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $505,858 | BOYAmt |
| EOY | $441,065 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,057 | BOYAmt |
| EOY | $124,011 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $33,102,613 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,886,999 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,055,311 | BOYAmt |
| EOY | $20,215,614 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,947,071 | BOYAmt |
| EOY | $5,167,672 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $862,624 | BOYAmt |
| EOY | $769,249 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,497,625 | BOYAmt |
| EOY | $27,903,800 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750,258 | BOYAmt |
| EOY | $716,547 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,034,725 | BOYAmt |
| EOY | $13,794,570 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $505,864 | BOYAmt |
| EOY | $530,774 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,290,847 | BOYAmt |
| EOY | $15,041,891 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,206,778 | BOYAmt |
| EOY | $12,861,909 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,206,778 | BOYAmt |
| EOY | $12,861,909 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,497,625 | BOYAmt |
| EOY | $27,903,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $114,079 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $541,052 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,846 | OtherCostOrOtherBasisAmt |
| Book Value | $7,846 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,094,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,886,999 | DepreciationAmt |
| Book Value | $20,207,768 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,215,614 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| DAIRYLAND POWER COOPERATIVE | $4,008,075 | C |
| NRUCFC CAPITAL CREDITS | $511,624 | C |
| NRUCFC CAPITAL & LOAN TERM CERT | $321,958 | C |
| INV IN OTHER ASSC ORGS | $242,248 | C |
| INVESTMENT IN FEDERATED INS | $83,767 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $5,167,672 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER CURRENT LIABILITIES | $176,955 |
| ACCRUED INTEREST PAYABLE | $119,629 |
| CUSTOMER DEPOSITS | $95,192 |
| DEFERRED INSTALLATIONS | $87,240 |
| OTHER DEFERRED CREDITS | $51,288 |
| PATRONAGE CAPITAL PAYABLE | $470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $530,774 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $10,815,945 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $10,815,945 | RevenueSubtotalAmt |
| Other Revenues Not Included | $599 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $599 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,816,544 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,826,319 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $9,826,319 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $876,146 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $876,146 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $10,702,465 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | NONOPERATING EXPENSES 599 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | NONOPERATING EXPENSES 599 MARGINS ALLOCATED TO MEMBERS 875,547 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| KENNETH CEAGLSKE | ||||
| PRESIDENT/CEO | $176,523 | $42,523 | $25,830 | $244,876 |
| PATRICIA NELSON | ||||
| FINANCE/ADMIN MANAGE | $112,529 | $62,316 | $11,937 | $186,782 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | EXPLANATION: ANY PERSON WHO REQUESTS SERVICE FROM THE COOPERATIVE SUBJECT TO THE CONDITIONS APPLICABLE TO ALL PATRONS OF THE SAME CLASS OF SERVICE, UPON RECEIPT OF SUCH SERVICE SHALL BE DEEMED A MEMBER WITH THE SAME RIGHTS AND PRIVILEGES AS EACH OTHER MEMBER OF SUCH CLASS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EXPLANATION: CANDIDATES FOR POSITIONS ON THE BOARD OF DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE, AND/OR BY PETIOTION SIGNED BY NOT LESS THAN 25 MEMBERS. THE BOARD OF DIRECTORS MAY APPOINT AN ELIGIBLE MEMBER TO FILL A VACANT POSITION ON THE BOARD. THAT MEMBER MUST STAND FOR ELECTION AT THE NEXT ANNUAL MEETING OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | EXPLANATION: EACH MEMBER HAS ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | EXPLANATION: THE 990 IS REVIEWED BY THE CEO AND THE VICE PRESIDENT OF FINANCE. THE 990 IS THEN FORWARDED TO ALL BOARD MEMBERS PRIOR TO FILING THE RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | MONITORING ON AN ONGOING BASIS WITH MANAGEMENT AS WELL AS SPECIAL CONSIDERATIONS AT TIME OF HIRE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | EXPLANATION: THE BOARD OF DIRECTORS COMPARED THE CEO/GENERAL MANAGER'S SALARY TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE MANAGERS IN THE REGION. THIS DECISION IS DISCUSSED IN A SPECIAL MEETING OF THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THOSE MINUTES. CEO/GENERAL MANAGER COMPARES OTHER OFFICERS AND/OR KEY STAFF TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE LISTED POSITIONS IN THE REGION. THIS INFORMATION IS KEPT BY THE CEO/GENERAL MANAGER. THE BOARD OF DIRECTORS APPROVES ALL SALARY INCREASES AND THE PROCESS IS DOCUMENTED IN THE BOARD MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SEE ABOVE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTATION IS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | MARGINS ALLOCATED TO MEMBERS 875,547 NET CHANGE TO OTHER EQUITIES FOR RETIREMENTS 36,705 RETIREMENT OF CAPITAL CREDITS -371,200 TOTAL 541,052 |