2020-05-08T12:50:09-05:00 2019-12-31 411562398 CARLSONSV LLP 5801 DULUTH STREET SUITE 360 GOLDEN VALLEY MN 55422 990 2019-01-01 390539446 PIERCE-PEPIN COOPERATIVE SERVICES PIER 7152734355 W7725 HWY 10 ELLSWORTH WI 540110420 NATHAN BOETTCHER PRESIDENT/CEO 7152732429 2020-05-07 true MATT GUYER CPA P00386499 7635429633 2020-04-24 X 64.88.174.3 2020-05-08 12:50:09 CD P 8992E34336B160700F2345728CBAA973FEE22F90 A34BFDF7237463533E386FFBCC2F36490E9E85EE 2019 2020-09-23 17:36:50Z NATHAN BOETTCHER W7725 HWY 10 ELLSWORTH WI 540110420 18341946 false X WWW.PIERCEPEPIN.COOP X 1937 WI COOPERATIVE ELECTRIC ULILITY SALES TO ITS MEMBERS. 9 9 29 0 0 18026494 18296120 37795 31753 40958 6432 18105247 18334305 0 863529 1077132 570839 443284 0 0 16670879 16813889 18105247 18334305 0 40998038 40558829 18166396 17554915 22831642 23003914 TO PROVIDE ELECTRICITY TO MEMBERS AND TO CONSTRUCT AND MAINTAIN ELECTRIC DISTRIBUTIION LINES TO DELIVER ELECTRICITY TO MEMBERS. false false PROVIDED ELECTRICAL DISTRIBUTION TO OUR 6,781 MEMBER OWNERS USING OUR 1,337 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN. false false false false false false false false false true false true false true true 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 104 0 29 true false false false false false 17848503 236899 false false false X 9 9 false false true false true true true true true false false true true true true true true true true false WI X X BRENT METCALF 7152732429 W7725 HWY 10 ELLSWORTH WI 54011 LARRY DOKKESTUL PRESIDENT/CE 40.00 X 174782 0 21301 JEFFERY OLSON VP ENGINEERI 40.00 X 119817 0 69405 BRENT METCALF VP/CFO 40.00 X 124309 0 55635 NATHAN BOETTCHER PRESIDENT/CE 40.00 X 48824 0 7678 ROGER WIFF CHAIRMAN 9.08 X X 16800 0 0 GINNY HUBER SECRETARY/TR 7.37 X X 12529 0 0 EDWARD HASS DIRECTOR 10.42 X 12200 0 0 DANIEL J REIS DIRECTOR 5.08 X 11400 0 0 GERALD DRIER DIRECTOR 7.04 X 10640 0 0 BRIAN S BERGSENG VICE CHAIRMA 7.27 X X 8600 0 0 BRIAN BERG DIRECTOR 4.54 X 8200 0 0 JOSEPH C BACON DIRECTOR 3.42 X 7000 0 0 ANN YOUNG DIRECTOR 6.43 X 6600 0 0 MICHAEL FRONMULLER DIRECTOR 5.33 X 1400 0 0 563101 154019 3 false true false TJADER & HIGHSTROM UTILITY SERVICES PO BOX 856489 MINNEAPOLIS MN 55485 POWER LINE CONS 374709 ZIELIE'S TREE SERVICE PO BOX 432 LADYSMITH WI 54848 MAINTENANCE 345294 2 ELECTRICAL REVENUE 221000 17830824 17830824 CAPITAL CREDITS 221000 457867 457867 POLE RENTAL 221000 7429 7429 18296120 30933 30933 8461 7641 820 820 820 MISC REVENUE/ASSET SALES 6432 6432 6432 18334305 18295943 38362 1077132 443284 655908 1710788 PURCHASED POWER 10076867 MAINTENANCE 1281064 ADMIN AND GENERAL 1218495 OPERATIONS 1142072 728695 18334305 0 0 0 704670 834209 1227866 2281 1678767 1832702 9200 4600 352461 371159 51462218 22757136 28316395 28705082 7838904 8097345 869775 711451 40998038 40558829 1138057 1105146 14363626 14158573 9200 4600 2655513 2286596 18166396 17554915 X 22965298 23160155 -133656 -156241 22831642 23003914 40998038 40558829 X 0 172272 X false true X true false 106469 106469 51355749 22757136 28598613 28705082 DAIRYLAND POWER COOPERATIVE 6490689 C NRU CFC 763295 C NATIONAL RURAL UTILITIES COOPERATIVE 493853 C OTHER INVESTMENTS 221023 C FEDERATED RURAL ELECTRIC INSURANCE 128485 C 8097345 DEFERRED CREDITS 700343 ACCRUED VACATION AND SICK LEAVE 661787 OTHER LIABILITIES 289508 CUSTOMER DEPOSITS 271455 INVESTMENT IN ELECTRONIC DEV. CORP 156241 ACCRUED INTEREST 106872 ACCRUED WAGES 100390 2286596 X 18342114 7809 7809 18334305 18334305 17287567 30394 30394 17257173 1077132 1077132 18334305 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 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 SUBSIDIARIES REVENUES INCLUDED IN CONSOLIDATED FINANCIALS 7,809 SCHEDULE D, PAGE 4, PART XII, LINE 2D SUBSIDIARIES EXPENSES INCLUDED IN CONSOLIDATED FINANCIALS 30,394 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDITS ALLOCATED TO MEMBERS 1,077,132 X X X X X false false false LARRY DOKKESTUL PRESIDENT/CEO 174782 6737 14564 196083 JEFFERY OLSON VP ENGINEERING 119817 47662 21743 189222 BRENT METCALF VP/CFO 124309 46519 9116 179944 FORM 990, PAGE 6, PART VI, LINE 4 AS PART OF AN ONGOING REVIEW AND CONTINUING EFFORT TO BEST POSITION THE COOPERATIVE TO MEET THE MEMBERS' NEEDS TODAY AND INTO THE FUTURE, THE AMENDMENTS TO THE BYLAWS WERE VOTED ON AND APPROVED AT THE MARCH 2019 ANNUAL MEETING. THE BYLAWS AND ARTICLES WERE UPDATED FOR THE MEMBERSHIP PROVISIONS TO REFLECT CURRENT LAW AND PRACTICE, DELETE REFERENCES TO MEMBERSHIPS AS TENANTS IN COMMON AND CLARIFY THAT JOIN MEMBERSHIPS ARE MEMBERSHIPS AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP. THE BYLAWS WERE ALSO UPDATED TO CLARIFY THE PROCEDURES FOR FILLING VACANCIES AND TO PROVIDE A COMPREHENSIVE AND WORKABLE PROCESS FOR FILLING VACANCIES ON THE BOARD OF DIRECTORS THAT CLEARLY DESCRIBES THE PROCESS BASED ON WHEN IN THE TERM THE VACANCY OCCURS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THERE ARE NINE DISTRICTS. MEMBERS VOTE FOR DIRECTORS FROM EACH DISTRICT. A DIRECTOR MUST LIVE IN THE DISTRICT THAT THEY REPRESENT. THEY ARE ELECTED IN THREE YEAR, STAGGERED TERMS WITH THREE DIRECTORS UP FOR ELECTION EACH YEAR. THERE IS A 4 TERM LIMIT. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS HAVE TO APPROVE CHANGES TO THE BYLAWS BY A MAJORITY VOTE. FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF THE FORM 990 ARE MADE AVAILABLE TO THE DIRECTORS BY A SECURED WEB SITE PRIOR TO BEING FILED. DIRECTOR INPUT IS THEN GATHERED AND CHANGES MADE BEFORE THE FINAL COPY IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY THE EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT IS THEN REVIEWED BY THE HR DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 15A PERIODICAL SALARY REVIEW BY OUTSIDE VENDOR. USE OF 990'S FILED BY COMPARABLE COMPANIES. THE COOPERATIVE ALSO SUBSCRIBES TO A SERVICE THAT PROVIDES SALARY DATA FOR COOPERATIVES IN THE ELECTRIC DISTRIBUTION INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 15B PERIODICAL SALARY REVIEW BY OUTSIDE VENDOR. USE OF 990'S FILED BY COMPARABLE COMPANIES. THE COOPERATIVE ALSO SUBSCRIBES TO A SERVICE THAT PROVIDES SALARY DATA FOR COOPERATIVES IN THE ELECTRIC DISTRIBUTION INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 18 A COPY IS AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES ARE AVAILABLE FOR A NOMINAL FEE AT THE ELLSWORTH OFFICE. THE FORM IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF BOARD POLICIES IS AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES ARE AVAILABLE FOR A NOMINAL FEE. FORM 990, PART XI, LINE 9 CAPITAL CREDITS ALLOCATED 1,077,132 SUBSIDIARIES REVENUES INCLUDED IN CONSOLIDATED FIN 7,809 RETIREMENT OF CAPITAL CREDITS -882,275 SUBSIDIARIES EXPENSES INCLUDED IN CONSOLIDATED FIN -30,394 TOTAL 172,272 PIERCE PEPIN ELECTRIC DEV CORP PO BOX 420 ELLSWORTH WI 54011 752989679 ASSISTANCE WI 501C4 N/A false true true false false false false false false false false false false false false false false false false false PIERCE PEPIN ELECTRIC DEV CORP A 7809 ACTUAL CASH PAID PIERCE PEPIN ELECTRIC DEV CORP B 7809 ACTUAL CASH PAID