2024-08-28T10:37:36-04:00 2023-12-31 391277627 BAUMAN ASSOCIATES LTD PO BOX 1225 EAU CLAIRE WI 547021225 990 2023-01-01 390544115 POLK-BURNETT ELECTRIC COOPERATIVE POLK 8004210283 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 EDWARD GULLICKSON PRESIDENT 8004210283 2024-05-07 true true NATHAN KALEPP CPA P01320467 7158342001 2024-08-06 2023 2024-08-08 14:25:15Z EDWARD GULLICKSON 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 39218982 false X WWW.POLKBURNETT.COM X 1938 WI TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. 9 9 53 24000 0 35378861 36337183 76341 115318 2627221 2536787 38082423 38989288 0 3219378 3822140 366274 404988 0 0 32795315 33359258 36380967 37586386 1701456 1402902 107806214 110847800 45320004 44912920 62486210 65934880 X TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. false false RURAL ELECTRIC COOPERATIVE-SALE OF ELECTRICITY AND MERCHANDISE TO MEMBERS OF THE COOPERATIVE. 61050 BOARD MEMBER COMPENSATION 61050 61050 false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 35 0 true 53 true true true false false false false 36361183 525942 false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false X HEATHER GERBER 7156462191 1001 STATE HIGHWAY 35 CENTURIA WI 54824 STEVEN STROSHANE GM/CEO 55.00 X 235473 0 168047 JESSE SEERING OPERATIONS M 51.00 X 138678 0 36311 HEATHER GERBER ACCOUNTING M 43.00 X 108465 0 55182 MATTHEW KURTZHALS IS MANAGER 45.00 X 129451 0 31210 TRAVIS GINGRAS LINEMAN 43.00 X 116506 0 16345 CODY ENGSTRAND LINEMAN 42.00 X 117014 0 14902 BRETT HOLDT LINEMAN 42.00 X 115747 0 9483 EDWARD GULLICKSON PRESIDENT 8.00 X 11150 0 0 CYNTHIA THORMAN DIRECTOR 6.00 X 9100 0 0 JOE METRO DIRECTOR 4.00 X 7450 1400 0 WILFRED OWENS DIRECTOR 4.00 X 6200 1400 0 JOHN UKURA DIRECTOR 3.00 X 6700 0 0 MICHAEL MORRIS VICE-PRESIDE 2.00 X 4700 1800 0 GERALD OKONEK DIRECTOR 4.00 X 6450 0 0 THOMAS SWENSON DIRECTOR 3.00 X 4700 0 0 CHARLES BROOKSHAW SECRETARY/TR 2.00 X 4600 0 0 1022384 4600 331480 15 false true false ZIELIE'S TREE SERVICE PO BOX 307 BRUCE WI 54819 TREE CUTTING 571885 PUSH INC 1100 LINDY STREET RICE LAKE WI 54868 LINE CONSTRUCTI 490566 A-1 POWER PO BOX 90 BLOOMER WI 54724 LINE CONSTR 360868 BADGERLAND UTILITIES PO BOX 69 TOMAH WI 54660 HERBICIDE APP 239220 TJADER AND HIGHSTROM UTILITY SERVICE 1530 4TH AVENUE BALDWIN WI 54002 OVERHEAD LINE 230109 5 ELECTRIC REVENUE 221000 36337183 36337183 36337183 68850 68850 32880 24000 32880 24000 56880 24000 32880 46468 46468 46468 46468 124212 229694 -105482 -105482 CAPITAL CREDITS 900099 1225201 1225201 NON-MEMBER INCOME 900099 700380 700380 EQUITY IN SUBSIDIARY INCOME 900099 659808 659808 2585389 38989288 38863558 24000 101730 3822140 404988 1468202 3228780 COST OF POWER 20485338 DISTRIBUTION EXP - MAINT 2560708 ADMINISTRATIVE AND GENERA 2254380 DISTRBUTION EXP - OPERATI 1529954 1831896 37586386 0 0 0 844715 509570 583464 402233 2187484 2501628 2107124 1034380 383336 340517 112735364 28211388 81137457 84523976 3653878 3890198 16908756 17645298 107806214 110847800 6970000 5798568 35455036 35330850 1000000 2894968 2783502 45320004 44912920 X 62486210 65934880 62486210 65934880 107806214 110847800 X 1402902 2045768 X false true X true false 398025 398025 9267898 3897947 5369951 8092973 7106181 986792 94976468 17207260 77769208 84523976 INVESTMENTS IN ASSOCIATED COOPS 17630408 OTHER INVESTMENTS 14890 17645298 DEFERRED CREDITS 2390323 REVOLVING LOAN FUND 300000 LEASE OBLIGATION 93179 2783502 X X X false false false STEVEN STROSHANE GM/CEO 235473 136557 31490 403520 JESSE SEERING OPERATIONS MANAGER 138678 7790 28521 174989 HEATHER GERBER ACCOUNTING MANAGER 108465 26698 28484 163647 MATTHEW KURTZHALS IS MANAGER 129451 28289 2921 160661 FORM 990, PAGE 2, PART III, LINE 4D BOARD MEMBER COMPENSATION FORM 990, PAGE 6, PART VI, LINE 6 EXPLANATION: ALL CUSTOMERS OF THE COOPERATIVE THAT PURCHASE ELECTRICITY ARE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A EXPLANATION: EACH MEMBER OF THE COOPERATIVE HAS THE RIGHT TO ELECT THE BOARD MEMBER WITHIN THE DISTRICT THEY RESIDE. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B EXPLANATION: BYLAW AMENDMENTS ADOPTED BY THE BOARD MUST BE PRESENTED TO THE MEMBERS AT THE ORGANIZATION'S ANNUAL MEETING. ANY BOARD DECISION RELATING TO MERGERS, ACQUISITION, OR DISSOLUTION OF THE COOPERATIVE ARE SUBJECT TO MEMBER APPROVAL AT THE ANNUAL MEETING OR AT A SPECIAL MEETING OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B EXPLANATION: THE ENTIRE 990 WILL BE UPLOADED ON THE BOARD MEMBER'S IPADS AND REVIEWED PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS ENFORCED WHENEVER NECESSARY AND REVIEWED ON AN ANNUAL BASIS. BOTH THE SYSTEM LEGAL COUNCIL AND GENERAL MANAGER REVIEW THE POLICY AND BRING CHANGES AND/OR AMENDMENTS BEFORE THE BOARD FOR ADOPTION. THE COOPERATIVE BOARD ELECTS A THIRD OF ITS DIRECTORS ANNUALLY. THE ANNUAL REVIEW OF THE POLICY TAKES PLACE EACH JUNE WHICH IS THE FIRST BOARD MEETING AFTER THE ANNUAL BOARD MEMBER ELECTION. ANNUALLY EACH BOARD MEMBER SIGNS A DIRECTOR PLEDGE ACKNOWLEDGING AGREEMENT WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A EXPLANATION: ALL EMPOYEE POSITIONS OF THE COOPERATIVE ARE SUBJECT TO A WAGE AND BENEFIT STUDY CONDUCTED BY MRA, AN INDEPENDENT THIRD PARTY LOCATED IN MILWAUKEE, WI. THE STUDY WAS LAST PERFORMED IN 2021. GENERAL MANAGER COMPENSATION IS REVIEWED AND APPROVED BY THE NINE MEMBER COOPERATIVE BOARD. OTHER KEY EMPLOYEES PERFORMANCE AND COMPENSATION ARE REVIEWED AND APPROVED BY THE GENERAL MANAGER. FORM 990, PAGE 6, PART VI, LINE 15B SEE ABOVE. FORM 990, PAGE 6, PART VI, LINE 19 EXPLANATION: THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE THROUGH THEIR WEBSITE. FORM 990, PART XI, LINE 9 MARGINS ALLOCATED TO MEMBERS 3,822,140 RETIREMENT OF CAPITAL CREDITS -1,776,372 TOTAL 2,045,768 POLK-BURNETT CHARITIES INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 391924542 PART VII WI 501C3 10 PART VII true POLK-BURNETT ECONOMIC DEVELOPMENT C 1001 STATE HIGHWAY 35 CENTURIA WI 54824 391824628 PART VII WI PART VII C CORP -345 6646 1.00000 true POLK-BURNETT DIVERSIFIED INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203540722 PART VII WI PART VII C CORP 660153 8225044 1.00000 true POLK-BURNETT PROPANE SERVICES INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203460024 PART VII WI PART VII C CORP 660788 8203597 1.00000 true true false false true false true false false false true false false false false false false true true false POLK-BURNETT DIVERSFIED SERVICES A 32880 ACTUAL PAYMENTS POLK-BURNETT DIVERSIFIED SERVICES R 2375819 ACTUAL PAYMENTS POLK-BURNETT DIVERSIFIED SERVICES Q 314458 ACTUAL PAYMENTS POLK-BURNETT CHARITIES R 68341 ACTUAL PAYMENTS POLK-BURNETT DIVERSIFIED SERVICES J 32880 RENT EXPENSE POLK-BURNETT DIVERSIFIED SERVICES F 300000 DIVIDEND PAID SCHEDULE R PART II ADDITIONAL INFORMATION: NAME: POLK-BURNETT CHARITIES PRIMARY ACTIVITY: DONATIONS TO COMMUNITY BUSINESSES DIRECT CONTROLLING ENTITY: POLK-BURNETT ELECTRIC COOPERATIVE PART IV ADDITIONAL INFORMATION: NAME: POLK-BURNETT ECONOMIC DEVELOPMENT CORPORATION PRIMARY ACTIVITY: REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY: POLK-BURNETT ELECTRIC COOPERATIVE NAME: POLK-BURNETT DIVERSIFIED, INC. PRIMARY ACTIVITY: HOLDING COMPANY DIRECT CONTROLLING ENTITY: POLK-BURNETT ELECTRIC COOPERATIVE