2012-05-11T08:10:24-05:00 2011-12-31 411562398 CARLSON HIGHLAND & CO LLP 11272 86TH AVE N SUITE B MAPLE GROVE MN 55369 990 2011-01-01 390539446 PIERCE-PEPIN COOPERATIVE SERVICES PIER 7152734355 W7725 HWY 10 ELLSWORTH WI 540110420 LARRY DOKKESTUL 7152734355 2012-05-10 1 MATT GUYER CPA P00386499 7634243818 2011 2016-02-24 21:20:13Z LARRY DOKKESTUL W7725 HWY 10 ELLSWORTH WI 540110420 17340459 0 X WWW.PIERCEPEPIN.COM X 1937 WI COOPERATIVE ELECTRIC UTILITY - SALES TO ITS MEMBERS 9 9 38 0 190576 -69447 0 0 16440665 16640373 69299 80850 214673 190576 16724637 16911799 0 0 0 1215200 428653 434338 0 0 0 14922388 15265036 15351041 16914574 1373596 -2775 37489415 38761419 20532743 20814830 16956672 17946589 TO PROVIDE ELECTRICITY TO MEMBERS AND TO CONSTRUCT AND MAINTAIN ELECTRIC DISTRIBUTION LINES TO DELIVER ELECTRICITY TO MEMBERS. 0 0 PROVIDED ELECTICAL DISTRIBUTION TO OUR 6,583 MEMBER OWNERS USING OUR 1,312 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN. 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 38 0 38 1 1 1 0 0 0 0 0 0 16925653 703346 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 WI X X BRENT METCALF 7152732429 W7725 HWY 10 ELLSWORTH WI 54011 RONALD C JOHNSON 9.00 X X 13800 0 0 JEFFERY MCCARDLE 4.00 X X 10000 0 0 RICHARD RUEMMELE 7.00 X X 9997 0 0 JAMES DEWOLF 3.00 X 7600 0 0 DANIEL FISCHER 3.00 X 10000 0 0 MYRNA LARRABEE 6.00 X 4265 0 0 DAVID JOHNSON 4.00 X 8000 0 0 GLENN PETERSON 6.00 X 10840 0 0 JAMES HAUSCHILDT 3.00 X 5600 0 0 LONNIE FEURHELM 11.00 X 4800 0 0 LARRY DOKKESTUL 40.00 X 148700 0 69725 BRENT METCALF 40.00 X 102094 0 28916 335696 0 98641 2 0 1 0 MOLL'S UTILITY SERVICE 622 170TH STREET HAMMOND WI 54015 POWER LINE CONSTRUCTION 252035 ZIELIE'S TREE SERVICE N3824 GRANT DR LADYSMITH WI 54015 RIGHT OF WAY TREE CLEARING AND REMOVAL 154137 NISC 1380 COUNTY HIGHWAY B SHAWANO WI 54166 SOFTWARE 108569 3 ELECTRICAL REVENUE 221000 16074213 16074213 CAPITAL CREDITS 221000 559403 559403 POLE RENTAL 221000 6757 6757 16640373 80715 80715 135 135 135 135 619236 428660 190576 190576 16911799 16633751 190576 87472 1215200 434338 922878 1777649 PURCHASED POWER 9012659 MAINTENANCE 1000943 ADMINISTRATIVE AND GENE 972447 OPERATIONS 825973 752487 16914574 277050 334732 2549847 1833767 1091174 958375 557068 580087 40963264 15088952 24835112 25874312 2294937 2369246 5059429 5473560 824798 1337340 37489415 38761419 988828 983185 17987018 18358548 1556897 1473097 20532743 20814830 X 4455 0 16861353 17781348 90864 165241 16956672 17946589 37489415 38761419 X -2775 992692 X 0 1 1 X 0 110469 110469 40852795 15088952 25763843 25874312 PIERCE-PEPIN PROPANE SERVICES 2369246 C 2369246 NATIONAL RURAL UTILITIES COOPERATIVE - CERTIFICATE 569544 C OTHER INVESTMENTS 578700 C DAIRYLAND POWER COOPERATIVE 4203156 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 122160 C 5473560 CUSTOMER DEPOSITS 162894 ACCRUED VACATION & SICK LEAVE 564935 ACCRUED WAGES 101083 DEFERRED CREDITS 345691 OTHER LIABILITIES 20503 ACCRUED INTEREST 157226 INVESTMENT IN ELECTRONIC DEVELOPMENT CORP 120765 1473097 16911799 16914574 -2775 992692 992692 989917 21227317 4368309 4368309 16859008 52791 52791 16911799 19940512 4293929 4293929 15646583 1267991 1267991 16914574 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY ADOPTED THE PROFESSIONAL ACCOUNTING STANDARD THAT REQUIRES THE COMPANY TO EVALUATE ITS INCOME TAX POSITIONS TO DETERMINE IF THERE ARE ANY POSITIONS THAT WOULD REQUIRE ANY ADJUSTMENTS TO THE FINANCIAL STATEMENTS. THE COMPANY'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS/LIABILIITES IN INCOME TAX EXPENSE. THE COMPANY HAS DETERMINED THAT THEY HAVE NO UNCERTAIN INCOME TAX POSITIONS THAT NEED TO BE RECORDED OR REPORTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -297,820. COMPREHENSIVE INCOME 932. SUBSIDIARIES INCOME 74,380. CAPITAL CREDITS ALLOCATED TO PATRONS 1,215,200. TOTAL TO SCHEDULE D, PART XI, LINE 8: 992,692. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARIES REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STMT 3,939,649. INVENTORY COST OF SALES 428,660. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST ELIMINATION 51,858. ROUNDING 1. LOSS ON DISPOSAL OF PROPERTY 932. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF SALES 428,660. SUBSIDIARIES EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STMT 3,865,269. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INTEREST ELIMINATION 51,858. ROUNDING 1. CAPITAL CREDITS ALLOCATED TO PATRONS 1,215,200. LOSS ON DISPOSAL OF PROPERTY 932. X X X X X 0 0 0 LARRY DOKKESTUL 148700 0 0 0 0 0 48879 0 20846 0 218425 0 0 0 DEM FEDERATED CO-OP TRANSPORT LARRY DOKKESTUL IS A DIRECTOR FOR D.E.M. FEDERATED CO-OP TRANSPORT 71284 HAULS PROPANE FOR PIERCE-PEPIN PROPANE 0 FORM 990, PART I, LINE 14, BENEFITS PAID TO OR FOR MEMBERS (PRIOR YEAR) THE IRS CHANGED THE INSTRUCTIONS FOR THIS LINE OF THE FORM FOR 2011. THE 2011 FORM 990 INSTRUCTIONS CLARIFIED CAPITAL CREDIT ALLOCATIONS NEEDED TO BE SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES AS AN EXPENSES ON THE FORM 990. THE PRIOR YEAR RETURN WASN'T CHANGED TO REFLECT THE CHANGE IN INSTRUCTIONS FOR 2011. THE PRIOR YEAR (2010) CAPITAL CREDIT ALLOCATION WAS $1,370,301. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11 COPIES OF THE 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, PART VI, SECTION B, LINE 12C ANNUALLY THE EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT IS THEN REVIEWED BY THE HR DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 15 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, PART VI, SECTION C, LINE 18 A COPY IS AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES CAN BE MADE FOR A NOMINAL FEE TO COVER THE COST OF PAPER AND TONER. THE FORM IS ALSO AVAILABLE ON GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 A COPY OF BOARD POLICIES ARE AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES CAN BE MADE FOR A NOMINAL FEE TO COVER THE COST OF PAPER AND TONER. FORM 990, PART IX, LINE 4, BENEFITS PAID TO MEMBERS AS A COOPERATIVE THE PATRONS NET MARGINS ARE ALLOCATED BACK TO PATRONS IN THE FORM OF CAPITAL CREDITS BASED ON THEIR RESPECTIVE PATRONAGE FOR THE FISCAL YEAR. FOR GAAP ACCOUNTING THESE CAPITAL CREDIT ALLOCATIONS ARE NOT SHOWN AS EXPENSES ON THE COMPANY'S STATEMENT OF OPERATIONS. RATHER, THEY ARE ALLOCATED TO PATRONAGE CAPITAL AS AN EQUITY TRANSACTION IN THE STATEMENT OF MEMBERS' EQUITY. FOR 2011 THE IRS INSTRUCTIONS FOR THE FORM 990 CHANGED AND CLARIFIED THAT CAPITAL CREDIT ALLOCATIONS NEED TO BE SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES LINE 4, BENEFITS PAID TO OR FOR MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -297,820. COMPREHENSIVE INCOME 932. SUBSIDIARIES INCOME 74,380. CAPITAL CREDITS ALLOCATED TO PATRONS 1,215,200. TOTAL TO FORM 990, PART XI, LINE 5: 992,692. PIERCE-PEPIN ELECTRIC DEVELOPMENT CORPORATION PO BOX 420 ELLSWORTH WI 54011 752989679 HELP BUSINESSES THAT WILL STARTUP AND EXPAND IN THE TRADE AREA. WI 501(C)(4) PIERCE-PEPIN COOPERATIVE SERVICES 0 PIERCE-PEPIN PROPANE SERVICES INC W7725 HWY 10 PO BX 249 ELLSWORTH WI 54011 421565840 PROPANE WI PIERCE-PEPIN COOPERATIVE SERVICES C 74311 2369246 1.00000 1 1 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 PIERCE-PEPIN PROPANE SERVICES INC D 952667 ACTUAL BALANCE PIERCE-PEPIN PROPANE SERVICES INC M 155763 ALLOCATED EXPENSES PIERCE-PEPIN PROPANE SERVICES INC A 51858 ALLOCATED EXPENSES PIERCE-PEPIN PROPANE SERVICES INC J 9360 ALLOCATED EXPENSES PIERCE-PEPIN ELECTRIC DEVELOPMENT CORP A 8718 ACTUAL CASH PAID PIERCE-PEPIN ELECTRIC DEVELOPMENT CORP B 8718 ACTUAL CASH PAID PIERCE-PEPIN PROPANE SERVICES INC N 167048 ALLOCATED EXPENSES