2023-07-27T13:12:19-04:00 2022-12-31 391277627 BAUMAN ASSOCIATES LTD PO BOX 1225 EAU CLAIRE WI 547021225 990 2022-01-01 390544115 POLK-BURNETT ELECTRIC COOPERATIVE POLK 8004210283 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 EDWARD GULLICKSON PRESIDENT 8004210283 2023-07-17 true EDWARD GULLICKSON 999009999 false NATHAN KALEPP CPA P01320467 7158342001 2023-07-26 2022 2023-04-26 12:10:37Z EDWARD GULLICKSON 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 38309834 false X WWW.POLKBURNETT.COM X 1938 WI TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. 9 9 54 24000 0 33884164 35378861 68773 76341 1476575 2627221 35429512 38082423 0 4531473 3219378 343776 366274 0 0 30045790 32795315 34921039 36380967 508473 1701456 102662809 107806214 41658931 45320004 61003878 62486210 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. 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 41 0 true 54 true true true false false false false 35508908 119731 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 51.00 X 214633 0 196262 MATTHEW KURTZHALS IS MANAGER 45.00 X 125297 0 44841 HEATHER GERBER ACCOUNTING M 42.00 X 104851 0 63253 JOE PETERSON LINEMAN 42.00 X 110430 0 43919 TRAVIS GINGRAS LINEMAN 42.00 X 108912 0 38835 RYAN CROTTEAU LINEMAN 43.00 X 107457 0 31975 TREVEN GEARHEART LINEMAN 43.00 X 108733 0 19203 JOE METRO DIRECTOR 3.00 X 6050 1300 0 EDWARD GULLICKSON PRESIDENT 5.00 X 6990 0 0 WILFRED OWENS DIRECTOR 4.00 X 5900 700 0 CYNTHIA THORMAN DIRECTOR 4.00 X 6250 0 0 MICHAEL MORRIS VICE-PRESIDE 2.00 X 4250 1660 0 GERALD OKONEK DIRECTOR 3.00 X 4300 0 0 JOHN UKURA DIRECTOR (ST 4.00 X 4200 0 0 CHARLES BROOKSHAW SECRETARY/TR 2.00 X 3650 0 0 THOMAS SWENSON DIRECTOR 2.00 X 3650 0 0 JEFFREY TRAYNOR DIRECTOR (TH 1.00 X 1550 600 0 927103 4260 438288 15 false true false ZIELIE'S TREE SERVICE PO BOX 307 BRUCE WI 54819 TREE CUTTING 753078 PUSH INC 1100 LINDY STREET RICE LAKE WI 54868 LINE CONSTRUCTI 513027 A-1 POWER PO BOX 90 BLOOMER WI 54724 LINE CONSTR 223987 BADGERLAND UTILITIES PO BOX 69 TOMAH WI 54660 HERBICIDE APP 166943 KOHNEN UNDERGROUND UTILITIES 2042 6TH AVE CHETEK WI 54728 CABLE LOCATING 129778 5 ELECTRIC REVENUE 221000 35378861 35378861 35378861 60341 60341 16848 24000 16848 24000 40848 24000 16848 16000 16000 16000 16000 138589 227411 -88822 -88822 NON-MEMBER INCOME 900099 1063648 1063648 CAPITAL CREDITS 900099 978106 978106 EQUITY IN SUBSIDIARY INCOME 900099 633441 633441 2675195 38082423 37981234 24000 77189 3219378 366274 1255610 3266955 COST OF POWER 20809110 DISTRIBUTION EXP - MAINT 2328342 ADMINISTRATIVE AND GENERA 2071064 DISTRBUTION EXP - OPERATI 1379064 1685170 36380967 0 0 0 1789873 844715 959176 583464 2145766 2187484 603662 2107124 1151464 383336 108240543 27103086 76543620 81137457 3153925 3653878 16315323 16908756 102662809 107806214 5604753 6970000 32494561 35455036 3559617 2894968 41658931 45320004 X 61003878 62486210 61003878 62486210 102662809 107806214 X 1701456 -219124 X false true X true false 388572 388572 7050233 3687817 3362416 8727341 7666896 1060445 92074397 15748373 76326024 81137457 INVESTMENTS IN ASSOCIATED COOPS 16894295 OTHER INVESTMENTS 14461 16908756 DEFERRED CREDITS 2587597 REVOLVING LOAN FUND 300000 LEASE OBLIGATION 7371 2894968 X X X false false false STEVEN STROSHANE GM/CEO 214633 167429 28833 410895 MATTHEW KURTZHALS IS MANAGER 125297 42027 2814 170138 HEATHER GERBER ACCOUNTING MANAGER 104851 37061 26192 168104 JOE PETERSON LINEMAN 110430 28523 15396 154349 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 3,219,378 RETIREMENT OF CAPITAL CREDITS -3,438,502 TOTAL -219,124 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 6981 1.00000 true POLK-BURNETT DIVERSIFIED INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203540722 PART VII WI PART VII C CORP -604 22774 1.00000 true POLK-BURNETT PROPANE SERVICES INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203460024 PART VII WI PART VII C CORP 634390 7959782 1.00000 true true false false true false true false false false true false false false false false false true true false POLK-BURNETT PROPANE SERVICES INC A 16848 ACTUAL PAYMENTS POLK-BURNETT PROPANE SERVICES INC R 3597023 ACTUAL PAYMENTS POLK-BURNETT PROPANE SERVICES INC Q 410002 ACTUAL PAYMENTS POLK-BURNETT CHARITIES INC R 68877 ACTUAL PAYMENTS POLK-BURNETT PROPANE SERVICES INC D 22780 LOAN BALANCE POLK-BURNETT PROPANE SERVICES INC J 16848 RENT EXPENSE POLK-BURNETT PROPANE SERVICES F 10000 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 NAME: POLK-BURNETT PROPANE SERVICES, INC. PRIMARY ACTIVITY: PROPANE SALES AND SERVICE DIRECT CONTROLLING ENTITY: POLK-BURNETT DIVERSIFIED, INC.