2015-04-29T16:37:01-05:00 2014-12-31 391277627 BAUMAN ASSOCIATES LTD PO BOX 1225 EAU CLAIRE WI 547021225 990 2014-01-01 390544115 POLK-BURNETT ELECTRIC COOPERATIVE POLK 8004210283 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 ED GULLICKSON BOARD CHAIRMAN 8004210283 2015-04-13 true GREGORY D MLEZIVA CPA P00004968 7158342001 2015-04-10 2014 2016-02-25 16:41:14Z ED GULLICKSON 1001 STATE HIGHWAY 35 CENTURIA WI 548240310 33831923 false X WWW.POLKBURNETT.COM X 1938 WI TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE. 9 9 61 20972 0 31782007 32303015 438683 53738 1096522 1268979 33317212 33625732 0 3828307 3765767 276500 406876 0 0 28833242 29203570 32938049 33376213 379163 249519 84380212 86559192 45776340 44653129 38603872 41906063 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 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 21 0 true 61 true true true false false false false 32182802 1308623 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 EDWARD GULLICKSON PRESIDENT 6.00 X 9715 0 0 CYNTHIA THORMAN DIRECTOR 6.00 X 7775 0 0 MICHAEL MORRIS VICE-PRESIDE 5.00 X 5500 1400 0 ROBERT THORSBAKKEN DIRECTOR 4.00 X 5600 1200 0 MARLYN BOTTOLFSON DIRECTOR 3.00 X 5525 1200 0 CHARLES BROOKSHAW SECRETARY/TR 4.00 X 5850 0 0 THOMAS SWENSON DIRECTOR 4.00 X 4325 0 0 JANET MC INROY DIRECTOR 4.00 X 4125 0 0 JEFFREY PETERSON DIRECTOR 3.00 X 4100 0 0 WILLIAM SCHMIDT GENERAL MANA 46.00 X 174613 0 59179 HEATHER GERBER ACCOUNTING M 43.00 X 73883 0 27780 STEVEN STROSHANE ENGINEER/OPS 50.00 X 100745 0 45827 401756 3800 132786 2 false true false ZIELIE'S TREE SERVICE 1805 MAIN STREET W ASHLAND WI 54806 TREE CUTTING 393904 PUSH INC PO BOX 72 RICE LAKE WI 54868 LINE CONSTRUCTI 296428 IRBY CONSTRUCTION COMPNAY PO BOX 180819 RICHLAND MS 39218 LINE CONSTRUCTI 242686 3 ELECTRIC REVENUE 221000 32303015 32303015 32303015 53738 53738 13200 20000 13522 -322 20000 19678 20000 -322 116019 192669 -76650 -76650 CAPITAL CREDITS 900099 1116720 1116720 EQUITY IN SUBSIDIARY INCOME 900099 195783 195783 ROYALTY INCOME 900099 12476 12476 972 972 1325951 33625732 33538868 20972 65892 3765767 406876 1787972 2467622 COST OF POWER 18167313 DISTRIBUTION EXP - MAINT 2144768 ADMINISTRATIVE AND GENERA 1747387 DISTRBUTION EXP - OPERATI 1078117 1810391 33376213 0 0 0 3981918 3324777 2051252 1042233 2130900 2432209 621409 596908 2293287 2070579 82028901 19201037 60550863 62827864 899464 1610224 11851119 12654398 84380212 86559192 3501062 4496686 40525683 38181303 1749595 1975140 45776340 44653129 X 38603872 41906063 38603872 41906063 84380212 86559192 249519 3052672 X X false true X true false 242334 242334 6223272 2314059 3909213 6747302 5744501 1002801 68815993 11142477 57673516 62827864 INVESTMENTS IN ASSOCIATED COOPS 12642744 OTHER INVESTMENTS 11654 12654398 DEFERRED CREDITS 1675140 REVOLVING LOAN FUND 300000 1975140 X SCHEDULE D, PAGE 3, PART X EXPLANATION: THE COOPERATIVE HAS EEN 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 DIVERSIFED 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 CARRING AMOUNTS OF ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES. PRINCIPALLY THESE DIFFERENCES RELATE TO DEPRECIATION OF PROPERTY AND EQUIPMENT AND OPERATING LOSS CARRYFORWARDS. X X X false false false WILLIAM SCHMIDT GENERAL MANAGER/CEO 174613 41758 17421 233792 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 2010. 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 2014 MARGINS ALLOCATED TO MEMBERS 3,765,767 ADJUST SUB INVESTMENTS TO EQUITY 190,977 RETIREMENT OF CAPITAL CREDITS 904,072 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 SELECION OF ITS INDEPENDENT ACCOUNTANT. POLK-BURNETT CHARITIES INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 391924542 PART VII WI 501C3 9 PART VII false POLK-BURNETT ECONOMIC DEVELOPMENT C 1001 STATE HIGHWAY 35 CENTURIA WI 54824 391824628 PART VII WI PART VII C CORP -265 7434 1.00000 false POLK-BURNETT DIVERSIFIED INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203540722 PART VII WI PART VII C CORP -5441 38661 1.00000 false POLK-BURNETT PROPANE SERVICES INC 1001 STATE HIGHWAY 35 CENTURIA WI 54824 203460024 PART VII WI PART VII C CORP 201489 5054432 1.00000 false true false false false false false false false false false false false false false false false true true false POLK-BURNETT PROPANE SERVICES INC A 13200 ACTUAL PAYMENTS POLK-BURNETT PROPANE SERVICES INC R 4657721 ACTUAL PAYMENTS POLK-BURNETT PROPANE SERVICES INC Q 331189 ACTUAL PAYMENTS POLK-BURNETT CHARITIES INC R 52962 ACTUAL PAYMENTS 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 ELECTRIC COOPERATIVE