ADAMS-COLUMBIA ELECTRIC CO-OP: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ADAMS-COLUMBIA ELECTRIC CO-OP (EIN 39-0121840)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-07-09
- IRS object ID
- 201801909349301120
- Schema version
- 2017v2.3
- Note
- A later return for the same period supersedes this one.
- 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 | 2018-07-09T14:48:29-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390121840 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS-COLUMBIA ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADAM | BusinessNameControlTxt |
| Phone | 6083393346 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E LAKE STREET | AddressLine1Txt |
| City | FRIENDSHIP | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53934 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAY PORTER | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 6083393346 | PhoneNum |
| Signature | 2018-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIC M DAVIDSON CPA | PreparerPersonNm |
| PTIN | P00245560 | PTIN |
| Phone | 7158342001 | PhoneNum |
| Preparation | 2018-04-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAY PORTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 EAST LAKE STREET | AddressLine1Txt |
| City | FRIENDSHIP | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53934 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $70,457,683 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ACECWI.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPLY ELECTRICITY TO ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 103 | TotalEmployeeCnt |
| Total Volunteers | 99 | TotalVolunteersCnt |
| Total Gross UBI | -$25,292 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$25,292 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $66,511,576 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $68,836,259 | CYProgramServiceRevenueAmt |
| PY Investment Income | $296,123 | PYInvestmentIncomeAmt |
| CY Investment Income | $324,501 | CYInvestmentIncomeAmt |
| PY Other Revenue | $695,047 | PYOtherRevenueAmt |
| CY Other Revenue | $1,004,428 | CYOtherRevenueAmt |
| PY Total Revenue | $67,502,746 | PYTotalRevenueAmt |
| CY Total Revenue | $70,165,188 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,586,797 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $6,227,071 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,807,287 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $661,665 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $60,108,662 | PYOtherExpensesAmt |
| CY Other Expenses | $63,276,452 | CYOtherExpensesAmt |
| PY Total Expenses | $67,502,746 | PYTotalExpensesAmt |
| CY Total Expenses | $70,165,188 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $182,346,606 | TotalAssetsBOYAmt |
| Total Assets EOY | $204,313,161 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $103,625,615 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $121,473,701 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $78,720,991 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $82,839,460 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO SUPPLY ELECTRICITY TO ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SUPPLYING ELECTRICITY TO ITS MEMBERS. | 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 |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| 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 | 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 | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 150 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 103 | 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 | $70,214,304 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,433,549 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | Yes (true) | 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 | JAY PORTER | PersonNm |
| Phone | 6083393346 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 EAST LAKE STREET | AddressLine1Txt |
| City | FRIENDSHIP | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53934 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CHERI GIBEAUT | ||||||||
| DIRECTOR - S | 13.20 | Yes (X) | $18,694 | $0 | $0 | |||
| LAWRENCE BECKER | ||||||||
| VICE CHAIRMA | 13.90 | Yes (X) | $18,464 | $0 | $0 | 0.42 | ||
| KAREN FAHEY | ||||||||
| DIRECTOR | 8.90 | Yes (X) | $13,099 | $0 | $0 | |||
| PATRICK CONNOLLY | ||||||||
| DIRECTOR | 8.10 | Yes (X) | $12,186 | $0 | $0 | |||
| GENE ALEXANDER | ||||||||
| DIRECTOR | 7.10 | Yes (X) | $11,546 | $0 | $0 | |||
| SCOTT LINK | ||||||||
| DIRECTOR | 7.50 | Yes (X) | $11,153 | $0 | $0 | |||
| MARJORIE COLBY | ||||||||
| DIRECTOR | 14.30 | Yes (X) | $10,432 | $0 | $3,500 | |||
| SCOTT PARR | ||||||||
| DIRECTOR - T | 7.60 | Yes (X) | $9,073 | $0 | $0 | |||
| ALAN KELSEY | ||||||||
| DIRECTOR | 2.50 | Yes (X) | $4,229 | $0 | $0 | |||
| KEN NICHOLS | ||||||||
| CHAIRMAN | 13.70 | Yes (X) | $1,919 | $0 | $13,950 | 0.40 | ||
| CAROLYN MOON | ||||||||
| DIRECTOR | 0.80 | Yes (X) | $1,613 | $0 | $0 | |||
| JAY PORTER | ||||||||
| CEO | 50.00 | $265,103 | $0 | $69,270 | Yes (X) | |||
| JOHN E WEST | ||||||||
| CFO | 50.00 | $142,486 | $0 | $54,948 | Yes (X) | |||
| JON W GESSNER | ||||||||
| OPERATION MA | 50.00 | $136,823 | $0 | $74,798 | Yes (X) | |||
| RAYMOND ROBERTS | ||||||||
| SUPPORT SERV | 50.00 | $122,039 | $0 | $57,114 | Yes (X) | |||
| MINDY KERSKA | ||||||||
| MEMBER SERV | 45.00 | $113,172 | $0 | $37,422 | Yes (X) | |||
| KENNETH MILLER | ||||||||
| TRANS & SAFE | 50.00 | $111,263 | $0 | $49,405 | Yes (X) | |||
| RYAN YONKE | ||||||||
| LINEMAN | 45.00 | $107,774 | $0 | $6,053 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,111,068 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $366,460 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ZIELIE TREE SERVICE INC | |||||
| 804 W 9TH ST N STE B | LADYSMITH | WI | 54848 | LINE CLEARANCE | $1,526,885 |
| ALLEN STEELE CO INC | |||||
| PO BOX 430 | LAKE DELTON | WI | 539400430 | INSTALL UNDERGR | $1,454,955 |
| MAKOVSKY BRUSH SERVICE LLC | |||||
| 1107 RAILROAD AVE | PRENTICE | WI | 54556 | LINE CLEARANCE | $609,336 |
| MJ ELECTRIC | |||||
| PO BOX 840965 | DALLAS | TX | 752840965 | ELECTRIC CONTRA | $484,275 |
| M POWER TECHNOLOGIES INC | |||||
| PO BOX 370 | IRON MOUNTAIN | MI | 49801 | GPS SERVICES | $310,077 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUES | 221000 | $68,226,170 | $68,226,170 | |
| CAPITAL CREDITS AND POLE RENT | 221000 | $610,089 | $610,089 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $68,836,259 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $335,310 | TotalRevenueColumnAmt |
| Exclusion | $335,310 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $10,809 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$10,809 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$10,809 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$10,809 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $257,389 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $281,686 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$24,297 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$24,297 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| ATC ALLOCATION | 221000 | $1,008,558 | $1,008,558 | |
| IRP AND ECONOMIC DEVELOPMENT | 221000 | $21,162 | $21,162 | |
| MIDWISCONSIN DBS, LLC | 900099 | -$995 | -$995 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,028,725 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,165,188 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,215,361 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$25,292 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,975,119 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,227,071 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $661,665 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,022,283 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,409,051 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $37,721,156 |
| MAINTENANCE EXPENSE | $5,042,483 |
| OPERATIONS EXPENSE | $2,677,066 |
| ADMIN & GENERAL | $2,366,252 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,038,161 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,165,188 | 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 | $2,019,505 | BOYAmt |
| EOY | $1,163,623 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $13,471,178 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,333,161 | BOYAmt |
| EOY | $7,591,016 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,178 | BOYAmt |
| EOY | $5,221,923 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $798,730 | BOYAmt |
| EOY | $827,224 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,459 | BOYAmt |
| EOY | $72,338 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $218,112,929 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $67,693,412 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,003,729 | BOYAmt |
| EOY | $150,419,517 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,071,164 | BOYAmt |
| EOY | $1,150,865 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,779,845 | BOYAmt |
| EOY | $21,732,113 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,372,835 | BOYAmt |
| EOY | $2,663,364 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,346,606 | BOYAmt |
| EOY | $204,313,161 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,443,057 | BOYAmt |
| EOY | $2,493,562 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,863,567 | BOYAmt |
| EOY | $12,597,157 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,163,701 | BOYAmt |
| EOY | $99,395,909 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,155,290 | BOYAmt |
| EOY | $6,987,073 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,625,615 | BOYAmt |
| EOY | $121,473,701 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,720,991 | BOYAmt |
| EOY | $82,839,460 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,720,991 | BOYAmt |
| EOY | $82,839,460 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,346,606 | BOYAmt |
| EOY | $204,313,161 | 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 | $4,118,469 | 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
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $218,112,929 | OtherCostOrOtherBasisAmt |
| Depreciation | $67,693,412 | DepreciationAmt |
| Book Value | $150,419,517 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $150,419,517 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN ATC, LLC | $11,347,071 | C |
| OTHER ASSOCIATED ORGANIZATIONS | $2,777,951 | C |
| NATIONAL RURAL UTILITIES COOP | $2,698,994 | C |
| CFC CAPITAL SECURITIES | $2,500,000 | C |
| NRUCFC CAPITAL TERM CERTIFICATE | $2,408,097 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $21,732,113 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER CURRENT LIABILITIES | $2,937,687 |
| DEFERRED CREDITS | $1,896,832 |
| CUSTOMER DEPOSITS | $1,522,476 |
| DEFERRED COMPENSATION | $610,996 |
| ACCRUED TAXES | $19,082 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,987,073 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| JAY PORTER | ||||
| CEO | $265,103 | $44,390 | $24,880 | $334,373 |
| JOHN E WEST | ||||
| CFO | $142,486 | $45,925 | $9,023 | $197,434 |
| JON W GESSNER | ||||
| OPERATION MANAGER | $136,823 | $54,564 | $20,234 | $211,621 |
| RAYMOND ROBERTS | ||||
| SUPPORT SERVICE MGR | $122,039 | $36,880 | $20,234 | $179,153 |
| MINDY KERSKA | ||||
| MEMBER SERV MANAGER | $113,172 | $28,399 | $9,023 | $150,594 |
| KENNETH MILLER | ||||
| TRANS & SAFETY MANAG | $111,263 | $49,342 | $63 | $160,668 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUBLIC FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 273866124 | BondIssuerEIN |
| CUSIP | 976831AJ6 | CUSIPNum |
| Bond Issued | 2010-12-15 | BondIssuedDt |
| Issue Price | $15,000,000 | IssuePriceAmt |
| Purpose | FINANCE REAL PROPERTY IMPROVEMENTS FOR ELECTRIC DISTRIBUTION FACILITIES | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $290,000 | RetiredAmt |
| Total Proceeds | $14,784,259 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $295,685 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $2,445 | CreditEnhancementAmt |
| Capital Expenditures | $14,486,129 | CapitalExpendituresAmt |
| Current Refunding | false | CurrentRefundingInd |
| Advance Refunding | false | AdvanceRefundingInd |
| Final Allocation Made | false | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K - ADDITIONAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | PUBLIC FINANCE AUTHORITY SCHEDULE K, PART I, BOND ISSUES: (F) DESCRIPTION OF PURPOSE: FINANCE REAL PROPERTY IMPROVEMENTS FOR ELECTRIC DISTRIBUTION FACILITIES | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | EXPLANATION: THE COOPERATIVE ASSOCIATION IS ORGANIZED WITHOUT CAPITAL STOCK AND THERE SHALL BE ONLY ONE CLASS OF MEMBERS WITH RESPECT TO VOTING RIGHTS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EXPLANATION: THE MEMBERS OF THE COOPERATIVE VOTE TO ELECT ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS. |
| 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: MANAGEMENT DOES A DETAILED REVIEW OF THE 990; MANAGEMENT PRESENTS A COPY OF THE 990 TO THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EMPLOYEES AND DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY UPON HIRE AND ELECTION. DIRECTORS ARE REQUIRED TO FILL OUT CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. IT IS THE INDIVIDUAL EMPLOYEE'S RESPONSIBILITY TO INFORM THE ORGANIZATION OF ANY CONFLICTS OF INTEREST THAT ARISE AFTER THE INDIVIDUAL IS HIRED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | EXPLANATION: THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE CEO'S COMPENSATION. COMPARATIVE DATA IS ACQUIRED FROM AN OUTSIDE, INDEPENDENT FIRM TO ASSIST IN THE DELIBERATIONS. THE DECISION IS MADE AND DOCUMENTED IN THE BOARD MINUTES. THE BOARD OF DIRECTORS ALSO APPROVES THE OVERALL SALARY INCREASE TO THE OTHER OFFICERS AND KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SEE ABOVE NOTE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | EXPLANATION: AVAILABLE UPON REQUEST. |
| FORM 990, PART XI | LINE 9, CHANGES IN NET ASSETS |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL 141,532 MARGINS TO BE ALLOCATED TO MEMBERS 6,227,072 RETIREMENT OF CAPITAL CREDITS -2,248,125 CHANGE OF MEMBERSHIPS -2,010 TOTAL 4,118,469 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACEC LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E LAKE STREET | AddressLine1Txt |
| City | FRIENDSHIP | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53934 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390121840 | EIN |
| Primary Activities | SEE BELOW | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | PRIMARY ACTIVITY: COOPERATIVE LEASES VEHICLES AND WORKERS TO ACEC, LLC FOR USE | ExplanationTxt |