PRICE ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PRICE ELECTRIC COOPERATIVE INC (EIN 39-0548758)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-15
- IRS object ID
- 202431369349309243
- 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 | 2024-05-15T14:25:06-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411562398 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLSONSV LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5801 DULUTH STREET SUITE 360 | AddressLine1Txt |
| City | GOLDEN VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55422 | 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 | 390548758 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICE ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRIC | BusinessNameControlTxt |
| Phone | 7153392155 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 110 | AddressLine1Txt |
| City | PHILLIPS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54555 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFERY OLSON | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 7153392155 | PhoneNum |
| Signature | 2024-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JEFFERY | PersonFirstNm |
| Person Last | OLSON | 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 | MATT GUYER CPA | PreparerPersonNm |
| PTIN | P00386499 | PTIN |
| Phone | 7635429633 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | JEFFERY OLSON | PrincipalOfficerNm |
| Gross Receipts | $15,175,847 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PRICEELECTRIC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | DISTRIBUTE ELECTRIC SERVICE TO RURAL MEMBERS/CONSUMERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 25 | TotalEmployeeCnt |
| Total Gross UBI | $359,891 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,432,704 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,730,728 | CYProgramServiceRevenueAmt |
| PY Investment Income | $79,256 | PYInvestmentIncomeAmt |
| CY Investment Income | $52,561 | CYInvestmentIncomeAmt |
| PY Other Revenue | $338,430 | PYOtherRevenueAmt |
| CY Other Revenue | $359,891 | CYOtherRevenueAmt |
| PY Total Revenue | $14,850,390 | PYTotalRevenueAmt |
| CY Total Revenue | $15,143,180 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $508,744 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,000,476 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $315,687 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $317,775 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,025,959 | PYOtherExpensesAmt |
| CY Other Expenses | $13,824,929 | CYOtherExpensesAmt |
| PY Total Expenses | $14,850,390 | PYTotalExpensesAmt |
| CY Total Expenses | $15,143,180 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $53,415,812 | TotalAssetsBOYAmt |
| Total Assets EOY | $54,502,512 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $32,003,154 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,458,047 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,412,658 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,044,465 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTE ELECTRIC SERVICE TO RURAL MEMBERS/CONSUMERS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PRIMARY EXEMPT PURPOSE IS THE DISTRIBUTION OF ELECTRIC SERVICE TO 9,577 RURAL MEMBERS/CONSUMERS. | 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 | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | 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 | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 64 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 25 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Members And Shr Gross Income | $15,332,639 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $296,430 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOREN ERICKSON | PersonNm |
| Phone | 7153392155 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 110 | AddressLine1Txt |
| City | PHILLIPS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54555 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| ISAAC D WEIK | |||||||
| LINEMAN | 40.00 | Yes (X) | $143,130 | $0 | $5,955 | ||
| JESSE HEINZ | |||||||
| LINEMAN | 40.00 | Yes (X) | $141,556 | $0 | $37,540 | ||
| CASEY WILLIAMS | |||||||
| LINEMAN | 40.00 | Yes (X) | $129,239 | $0 | $32,292 | ||
| LOREN ERICKSON | |||||||
| MGR OF FIN A | 45.00 | $90,641 | $0 | $57,254 | Yes (X) | ||
| DAVID PISCA | |||||||
| LINE FOREMAN | 40.00 | Yes (X) | $123,278 | $0 | $41,244 | ||
| JACOB KRAETKE | |||||||
| LINEMAN | 40.00 | Yes (X) | $146,237 | $0 | $34,938 | ||
| JEFFERY OLSON | |||||||
| PRESIDENT/CE | 55.00 | $177,048 | $0 | $132,018 | Yes (X) | ||
| RANDY KUNSCH | |||||||
| CHAIRMAN | 15.00 | $7,975 | $0 | $0 | Yes (X) | Yes (X) | |
| JOAN POINTS | |||||||
| SEC/TREAS | 3.00 | $7,328 | $0 | $0 | Yes (X) | Yes (X) | |
| ROBERT HENNES | |||||||
| DIRECTOR | 4.00 | $3,666 | $0 | $0 | Yes (X) | ||
| WILLIAM S HAGGARD | |||||||
| DIRECTOR | 6.00 | $5,261 | $0 | $0 | Yes (X) | ||
| MATT CHRISTIANSON | |||||||
| DIRECTOR | 5.00 | $3,986 | $0 | $0 | Yes (X) | ||
| KAREN NEWBURY | |||||||
| DIRECTOR | 6.00 | $5,828 | $0 | $0 | Yes (X) | ||
| EDWARD HAINY | |||||||
| VICE CHAIRMA | 3.25 | $3,575 | $0 | $0 | Yes (X) | Yes (X) | |
| MARK NYBERG | |||||||
| DIRECTOR | 3.00 | $4,160 | $0 | $0 | Yes (X) | ||
| MITCHELL MEIVES | |||||||
| DIRECTOR | 1.00 | $8,307 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,001,215 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $341,241 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | 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 | |||||
| N3852 PRENTICE ROAD | PRENTICE | WI | 54556 | RIGHT OF WAY CL | $973,886 |
| KARCZ UTILITY SERVICES LLC | |||||
| 977 YUREK ROAD | PULASKI | WI | 54162 | POLE TESTING | $105,481 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $14,042,447 | $14,042,447 | |
| G&T CAPITAL CREDITS | 221000 | $263,728 | $263,728 | |
| OTHER REVENUE | 221000 | $243,278 | $243,278 | |
| OTHER CAPITAL CREDITS | 221000 | $175,519 | $175,519 | |
| POLE RENTAL | 221000 | $5,756 | $5,756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,730,728 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,377 | TotalRevenueColumnAmt |
| Exclusion | $14,377 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $70,851 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $32,667 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $38,184 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,184 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $38,184 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $359,891 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $359,891 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $359,891 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,143,180 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,763,156 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $359,891 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,133 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000,476 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $317,775 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,203,850 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,845,436 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $5,430,501 |
| DISTRIBUTION - MAINTENANC | $1,826,207 |
| ADMINISTRATIVE AND GENERA | $1,575,613 |
| DISTRIBUTION - OPERATIONS | $961,255 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $982,067 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,143,180 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,223 | BOYAmt |
| EOY | $243,891 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,582,614 | BOYAmt |
| EOY | $1,517,990 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,985,721 | BOYAmt |
| EOY | $2,139,300 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,673 | BOYAmt |
| EOY | $171,489 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $66,239,636 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $22,263,044 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,338,030 | BOYAmt |
| EOY | $43,976,592 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,042,332 | BOYAmt |
| EOY | $6,288,039 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,035 | BOYAmt |
| EOY | $151,035 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,184 | BOYAmt |
| EOY | $14,176 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,415,812 | BOYAmt |
| EOY | $54,502,512 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,962,706 | BOYAmt |
| EOY | $1,981,460 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,419,385 | BOYAmt |
| EOY | $30,023,405 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $621,063 | BOYAmt |
| EOY | $453,182 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,003,154 | BOYAmt |
| EOY | $32,458,047 | 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 | $21,412,658 | BOYAmt |
| EOY | $22,044,465 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,412,658 | BOYAmt |
| EOY | $22,044,465 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,415,812 | BOYAmt |
| EOY | $54,502,512 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $631,807 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 | $404,974 | OtherCostOrOtherBasisAmt |
| Book Value | $404,974 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,834,662 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,263,044 | DepreciationAmt |
| Book Value | $43,571,618 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $43,976,592 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS IN ASSOC ORGS | Desc |
| Book Value | $6,288,039 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $6,288,039 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $361,143 |
| CONSUMER DEPOSITS | $64,342 |
| OTHER REGULATORY LIABILITY - NWPA | $26,862 |
| UNAMORTIZED GAIN/REACQUIRED DEBT | $835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $453,182 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,151,965 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $8,785 | OtherRevenueAmt |
| Revenue Not Reported | $8,785 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,143,180 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $15,143,180 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,151,489 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $14,151,489 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $991,691 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $991,691 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,143,180 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COMPANY ACCOUNTS FOR INCOME TAX PROVISIONS FOLLOWING ASC TOPIC 740 INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS ANY UNCERTAIN INCOME TAX POSITIONS THE COMPANY HAS OR EXPECTS TO TAKE IN ITS INCOME TAX RETURNS. THE COMPANY'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS/LIABILITIES IN INCOME TAX EXPENSE. THE COMPANY HAD NO UNRECOGNIZED TAX BENEFITS/LIABILITIES. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | PRIOR EQUITY ALLOCATION 8,785 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | ALLOCATION OF MARGINS 991,691 |
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 (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| JESSE HEINZ | ||||
| LINEMAN | $141,556 | $8,428 | $29,112 | $179,096 |
| CASEY WILLIAMS | ||||
| LINEMAN | $129,239 | $6,430 | $25,862 | $161,531 |
| DAVID PISCA | ||||
| LINE FOREMAN | $123,278 | $15,382 | $25,862 | $164,522 |
| JACOB KRAETKE | ||||
| LINEMAN | $146,237 | $5,846 | $29,092 | $181,175 |
| JEFFERY OLSON | ||||
| PRESIDENT/CEO | $177,048 | $104,756 | $27,262 | $309,066 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | EACH MEMBER IS ENTITLED TO ONE VOTE PER MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ON A ROTATING BASIS, MEMBERS FROM THREE OF THE NINE DISTRICTS MEET ANNUALLY TO SELECT TWO MEMBERS TO NOMINATE AS CANDIDATES FOR THE OFFICE OF THE BOARD OF DIRECTORS. MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 7B | EACH MEMBER IS ENTITLED TO ONE VOTE PER MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD MEMBERS REVIEW FORM 990 AT THE BOARD MEETING BEFORE IT IS SIGNED AND FILED. THE PRESIDENT/CEO AND MANAGER OF FINANCE AND ADMINISTRATION REVIEW FORM 990 BEFORE IT IS SIGNED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | FORM/QUESTIONNAIRE IS PROVIDED AT BOARD MEETING FOLLOWING THE ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | DIRECTORS OF PRICE ELECTRIC COOPERATIVE REVIEW THE PRESIDENT/CEO'S COMPENSATION ON AN ANNUAL BASIS. THE BOARD IS PROVIDED WITH STATE AND REGIONAL COOPERATIVE COMPARABILITY DATA FROM THE NRECA NATIONAL COMPENSATION SURVEY TO DETERMINE THE PRESIDENT/CEO COMPENSATION. AS PER WAGE AND SALARY ADMINISTRATION BOARD POLICY, THE DIRECTORS ALSO APPROVE A COMPENSATION PLAN FOR ALL OTHER COOPERATIVE EMPLOYEES AND IT IS THE CEO'S RESPONSIBILITY TO ADMINISTER THAT PLAN. THE CEO ESTABLISHES PERFORMANCE RANGES BY POSITION THAT ARE BASED ON THE SAME NRECA SURVEY. DIRECOTRS OF PRICE ELECTRIC AUTHORIZE THE CEO TO DETERMINE OTHER OFFICER AND EMPLOYEE COMPENSATION BASED ON THE RANGES AND PERFORMANCE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | DIRECTORS OF PRICE ELECTRIC COOPERATIVE REVIEW THE PRESIDENT/CEO'S COMPENSATION ON AN ANNUAL BASIS. THE BOARD IS PROVIDED WITH STATE AND REGIONAL COOPERATIVE COMPARABILITY DATA FROM THE NRECA NATIONAL COMPENSATION SURVEY TO DETERMINE THE PRESIDENT/CEO COMPENSATION. AS PER WAGE AND SALARY ADMINISTRATION BOARD POLICY, THE DIRECTORS ALSO APPROVE A COMPENSATION PLAN FOR ALL OTHER COOPERATIVE EMPLOYEES AND IT IS THE CEO'S RESPONSIBILITY TO ADMINISTER THAT PLAN. THE CEO ESTABLISHES PERFORMANCE RANGES BY POSITION THAT ARE BASED ON THE SAME NRECA SURVEY. DIRECOTRS OF PRICE ELECTRIC AUTHORIZE THE CEO TO DETERMINE OTHER OFFICER AND EMPLOYEE COMPENSATION BASED ON THE RANGES AND PERFORMANCE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTATION IS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | ALLOCATION OF MARGINS 1,000,476 GAIN ON ESTATE RETIREMENTS 70,724 TOTAL CAPITAL CREDIT RETIREMENTS -430,608 PRIOR EQUITY ALLOCATION -8,785 TOTAL 631,807 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEC ENERGY SOLUTIONS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 110 | AddressLine1Txt |
| City | PHILLIPS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54555 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 352694476 | EIN |
| Primary Activities | PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICE ELEC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of Total Income | -$45,298 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $75,394 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | PART IV LINE 1B: SOLAR INVESTMENT | ExplanationTxt |