POLK-BURNETT ELECTRIC COOPERATIVE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- POLK-BURNETT ELECTRIC COOPERATIVE (EIN 39-0544115)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-04-29
- IRS object ID
- 201601209349301250
- Schema version
- 2015v2.1
- 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 | 2016-04-29T13:39:33-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390544115 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POLK-BURNETT ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POLK | BusinessNameControlTxt |
| Phone | 8004210283 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 STATE HIGHWAY 35 | AddressLine1Txt |
| City | CENTURIA | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 548240310 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EDWARD GULLICKSON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8004210283 | PhoneNum |
| Signature | 2016-04-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NATHAN KALEPP CPA | PreparerPersonNm |
| PTIN | P01320467 | PTIN |
| Phone | 7158342001 | PhoneNum |
| Preparation | 2016-04-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | EDWARD GULLICKSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 STATE HIGHWAY 35 | AddressLine1Txt |
| City | CENTURIA | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 548240310 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,157,815 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.POLKBURNETT.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 61 | TotalEmployeeCnt |
| Total Gross UBI | $20,576 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $32,303,015 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,760,940 | CYProgramServiceRevenueAmt |
| PY Investment Income | $53,738 | PYInvestmentIncomeAmt |
| CY Investment Income | $53,391 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,268,979 | PYOtherRevenueAmt |
| CY Other Revenue | $1,212,337 | CYOtherRevenueAmt |
| PY Total Revenue | $33,625,732 | PYTotalRevenueAmt |
| CY Total Revenue | $33,026,668 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,765,767 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,578,294 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $406,876 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $747,941 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,203,570 | PYOtherExpensesAmt |
| CY Other Expenses | $28,529,011 | CYOtherExpensesAmt |
| PY Total Expenses | $33,376,213 | PYTotalExpensesAmt |
| CY Total Expenses | $32,855,246 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $249,519 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $171,422 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $86,559,192 | TotalAssetsBOYAmt |
| Total Assets EOY | $88,176,958 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $44,653,129 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $43,377,568 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $41,906,063 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $44,799,390 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | RURAL ELECTRIC COOPERATIVE-SALE OF ELECTRICITY AND MERCHANDISE TO MEMBERS OF THE COOPERATIVE. | 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 | 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 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 | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 26 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 61 | 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 |
| Members And Shr Gross Income | $31,701,940 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,120,122 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | 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 | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEATHER GERBER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7156462191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 STATE HIGHWAY 35 | AddressLine1Txt |
| City | CENTURIA | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54824 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| EDWARD GULLICKSON | |||||||
| PRESIDENT | 7.00 | Yes (X) | $9,585 | $0 | $0 | ||
| MICHAEL MORRIS | |||||||
| VICE-PRESIDE | 5.00 | Yes (X) | $6,275 | $1,400 | $0 | ||
| ROBERT THORSBAKKEN | |||||||
| DIR (THRU MI | 3.00 | Yes (X) | $5,650 | $1,200 | $0 | ||
| CHARLES BROOKSHAW | |||||||
| SECRETARY/TR | 5.00 | Yes (X) | $6,575 | $0 | $0 | ||
| CYNTHIA THORMAN | |||||||
| DIRECTOR | 3.00 | Yes (X) | $6,425 | $0 | $0 | ||
| MARLYN BOTTOLFSON | |||||||
| DIRECTOR | 3.00 | Yes (X) | $4,250 | $900 | $0 | ||
| THOMAS SWENSON | |||||||
| DIRECTOR | 3.00 | Yes (X) | $4,325 | $0 | $0 | ||
| JEFFREY TRAYNOR | |||||||
| DIRECTOR | 2.00 | Yes (X) | $3,225 | $0 | $0 | ||
| MAURICE MILLER | |||||||
| DIRECTOR | 4.00 | Yes (X) | $2,300 | $0 | $0 | ||
| JANET MCINROY | |||||||
| DIRECTOR (JA | 2.00 | Yes (X) | $1,525 | $0 | $0 | ||
| JEFFREY PETERSON | |||||||
| DIRECTOR (JA | 3.00 | Yes (X) | $425 | $0 | $0 | ||
| STEVEN STROSHANE | |||||||
| CM/CEO (CURR | 52.00 | $132,768 | $0 | $49,493 | Yes (X) | ||
| WILLIAM SCHMIDT | |||||||
| GM/CEO (JAN- | 40.00 | $111,974 | $0 | $6,576 | Yes (X) | ||
| HEATHER GERBER | |||||||
| ACCOUNTING M | 42.00 | $84,993 | $0 | $24,268 | Yes (X) | ||
| TODD SCHULTE | |||||||
| MEMBER SERVI | 45.00 | $114,478 | $0 | $44,286 | Yes (X) | ||
| MATTHEW KURTZHALS | |||||||
| IS MANAGER | 47.00 | $107,434 | $0 | $18,769 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $602,207 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,500 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $143,392 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| IRBY CONSTRUCTION COMPNAY | |||||
| PO BOX 180819 | RICHLAND | MS | 39218 | LINE CONSTRUCTI | $835,430 |
| ZIELIE'S TREE SERVICE | |||||
| 1805 MAIN STREET W | ASHLAND | WI | 54806 | TREE CUTTING | $490,499 |
| PUSH INC | |||||
| PO BOX 72 | RICE LAKE | WI | 54868 | LINE CONSTRUCTI | $333,108 |
| ASPLUNDH TREE EXPERT COMPANY | |||||
| 1700 SOLUTIONS CENTER | CHICAGO | IL | 60677 | TREE CUTTING | $126,472 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ELECTRIC REVENUE | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $31,760,940 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,760,940 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,760,940 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,391 | TotalRevenueColumnAmt |
| Exclusion | $53,391 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $14,400 | RealAmt |
| Personal | $20,000 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $14,535 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$135 | RealAmt |
| Personal | $20,000 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,865 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $20,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$135 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $77,225 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $116,612 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$39,387 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$39,387 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| CAPITAL CREDITS | 900099 | $1,074,309 | $1,074,309 | |
| EQUITY IN SUBSIDIARY INCOME | 900099 | $146,087 | $146,087 | |
| ROYALTY INCOME | 900099 | $10,887 | $10,887 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $576 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $576 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,231,859 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,026,668 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,941,949 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $20,576 | UnrelatedBusinessRevenueAmt |
| Exclusion | $64,143 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,578,294 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $468,342 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,599 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,683,573 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,882,471 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $17,729,522 |
| DISTRIBUTION EXP - MAINT | $2,040,954 |
| ADMINISTRATIVE AND GENERA | $1,245,906 |
| DISTRBUTION EXP - OPERATI | $1,123,961 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,822,624 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,855,246 | 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 | $3,324,777 | BOYAmt |
| EOY | $2,706,761 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,042,233 | BOYAmt |
| EOY | $1,397,037 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,432,209 | BOYAmt |
| EOY | $2,021,407 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,908 | BOYAmt |
| EOY | $430,585 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,070,579 | BOYAmt |
| EOY | $1,782,099 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $83,582,595 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,862,586 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,827,864 | BOYAmt |
| EOY | $64,720,009 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,610,224 | BOYAmt |
| EOY | $1,710,237 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,654,398 | BOYAmt |
| EOY | $13,408,823 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,559,192 | BOYAmt |
| EOY | $88,176,958 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,496,686 | BOYAmt |
| EOY | $4,634,642 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,181,303 | BOYAmt |
| EOY | $36,807,989 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,975,140 | BOYAmt |
| EOY | $1,934,937 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,653,129 | BOYAmt |
| EOY | $43,377,568 | 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 | $41,906,063 | BOYAmt |
| EOY | $44,799,390 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,906,063 | BOYAmt |
| EOY | $44,799,390 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,559,192 | BOYAmt |
| EOY | $88,176,958 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $171,422 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,721,905 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 | $256,361 | OtherCostOrOtherBasisAmt |
| Book Value | $256,361 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,266,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,477,691 | DepreciationAmt |
| Book Value | $3,789,196 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,871,007 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,809,451 | DepreciationAmt |
| Book Value | $1,061,556 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $70,188,340 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,575,444 | DepreciationAmt |
| Book Value | $59,612,896 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,720,009 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INVESTMENTS IN ASSOCIATED COOPS | $13,395,986 |
| OTHER INVESTMENTS | $12,837 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,408,823 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $1,634,937 |
| REVOLVING LOAN FUND | $300,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,934,937 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | EXPLANATION: THE COOPERATIVE HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE AND THE STATE OF WISCONSIN. THE COOPERATIVE WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE COOPERATIVE'S PREVIOUS THREE TAX RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. POLK- BURNETT DIVERSIFIED SERVICES, INC. AND ITS SUBSIDIARIES POLK-BURNETT PROPANE SERVICES, INC. AND NORTHWESTERN WISCONSIN SECURITY, INC. (DISOLVED IN 2012) AND POLK-BURNETT ECONOMIC DEVELOPMENT CORPORATION ARE TAXABLE AT THE FEDERAL AND STATE LEVEL, AND A PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. A DEFERRED TAX LIABILITY FOR POLK-BURNETT PROPANE SERVICES, INC. IS RECORDED FOR FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO TEMPORARY DIFFERENCES BETWEEN FINANCIAL STATEMENTS CARRYING AMOUNTS OF ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES. PRINCIPALLY THESE DIFFERENCES RELATE TO DEPRECIATION OF PROPERTY AND EQUIPMENT AND OPERATING LOSS CARRYFORWARDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| STEVEN STROSHANE | ||||
| CM/CEO (CURRENT) | $132,768 | $40,524 | $8,969 | $182,261 |
| TODD SCHULTE | ||||
| MEMBER SERVICES MANA | $114,478 | $39,784 | $4,502 | $158,764 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2015. 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 3,578,294 RETIREMENT OF CAPITAL CREDITS -856,389 TOTAL 2,721,905 |
| FORM 990, PAGE 12, PART XII, LINE 2C | EXPLANATION: THE COOPERATIVE'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POLK-BURNETT CHARITIES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 STATE HIGHWAY 35 | AddressLine1Txt |
| City | CENTURIA | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391924542 | EIN |
| Primary Activities | PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 9 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PART VII | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| POLK-BURNETT ECONOMIC DEVELOPMENT C | ||||||||||||
| 1001 STATE HIGHWAY 35 | CENTURIA | WI | 54824 | 391824628 | PART VII | WI | PART VII | C CORP | -$10 | $7,424 | 1.00000 | false |
| POLK-BURNETT DIVERSIFIED INC | ||||||||||||
| 1001 STATE HIGHWAY 35 | CENTURIA | WI | 54824 | 203540722 | PART VII | WI | PART VII | C CORP | -$4,498 | $33,913 | 1.00000 | false |
| POLK-BURNETT PROPANE SERVICES INC | ||||||||||||
| 1001 STATE HIGHWAY 35 | CENTURIA | WI | 54824 | 203460024 | PART VII | WI | PART VII | C CORP | $150,595 | $4,766,141 | 1.00000 | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | 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 | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| POLK-BURNETT PROPANE SERVICES INC | ||
| A | $14,400 | ACTUAL PAYMENTS |
| POLK-BURNETT PROPANE SERVICES INC | ||
| R | $2,337,507 | ACTUAL PAYMENTS |
| POLK-BURNETT PROPANE SERVICES INC | ||
| Q | $312,801 | ACTUAL PAYMENTS |
| POLK-BURNETT CHARITIES INC | ||
| R | $55,328 | ACTUAL PAYMENTS |
| POLK-BURNETT PROPANE SERVICES INC | ||
| D | $206,595 | LOAN BALANCE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | 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 ELECTRIC COOPERATIVE | ExplanationTxt |