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Nonprofiteer
← DUNN ENERGY COOPERATIVE

Form 990 for tax year 2023

Filed by DUNN ENERGY COOPERATIVE.

Totals

Total revenue
$28,734,545
Total expenses
$28,734,545
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,644,024
Investment income
$90,521
Other revenue
$0
Total assets, end of year
$72,127,402
Total liabilities, end of year
$35,748,488
Net assets or fund balances, end of year
$36,378,914
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $27,583,987 · related or exempt $27,583,987

  • 2b · Program service revenue: CAPITAL CREDITS AND POLE RENT

    total $1,060,037 · excluded $1,060,037

  • 3 · Investment income

    total $48,021 · excluded $48,021

  • 7a · Gross sales of assets other than inventory

    other assets $42,500

  • 7c · Gain or loss

    other assets $42,500

  • 7d · Net gain or loss

    total $42,500 · related or exempt $42,500

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,622,932

  • 5 · Compensation of officers, directors and key employees

    total $408,993

  • 20 · Interest

    total $898,285

  • 22 · Depreciation, depletion and amortization

    total $2,108,704

  • 24a · Other expenses: COST OF POWER

    total $17,770,951

  • 24b · Other expenses: OPERATIONS EXPENSE

    total $1,405,138

  • 24c · Other expenses: MAINTENANCE EXPENSE

    total $1,355,891

  • 24d · Other expenses: ADMIN

    total $1,176,948

  • 24e · All other expenses

    total $986,703

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,620 · end of year $288,137

  • 2 · Savings and temporary cash investments

    beginning of year $1,582,555 · end of year $5

  • 4 · Accounts receivable

    beginning of year $2,550,520 · end of year $2,259,568

  • 8 · Inventories for sale or use

    beginning of year $1,686,883 · end of year $1,289,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,078 · end of year $102,217

  • 10a · Land, buildings and equipment: cost or other basis

    $73,559,044

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,288,182

  • 10c · Land, buildings and equipment, net

    beginning of year $51,224,482 · end of year $55,270,862

  • 12 · Investments: other securities

    beginning of year $30,440 · end of year $56,798

  • 13 · Investments: program-related

    beginning of year $12,026,102 · end of year $12,786,331

  • 15 · Other assets

    beginning of year $44,836 · end of year $74,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,327,559 · end of year $1,998,777

  • 23 · Secured mortgages and notes payable

    beginning of year $30,809,216 · end of year $31,788,502

  • 25 · Other liabilities

    beginning of year $1,704,901 · end of year $1,961,209

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $7,177,363 · end of year $7,267,169

  • 31 · Retained earnings, endowment or other funds

    beginning of year $27,549,477 · end of year $29,111,745

Mission and programs · 2023

Mission

TO PROVIDE ELECTRICITY TO ITS 9,012 MEMBERS

  • TO PROVIDE ELECTRIC SERVICE TO MEMBERS

  • N/A

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jesse Singerhouse

    CEO

    Total calculated
    $273,115
    From this org
    $188,116
    From related orgs
    $0
    Other
    $84,999
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,116
    Bonus
    not reported
    Other
    not reported
    Deferred
    $72,638
    Nontaxable benefits
    $12,361
    Filer's total
    $273,115

  • Tyrel Blanchfield

    CFO

    Total calculated
    $166,510
    From this org
    $117,232
    From related orgs
    $0
    Other
    $49,278
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $117,232
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,549
    Nontaxable benefits
    $25,729
    Filer's total
    $166,510

  • Larry Amble

    PRES TO 5

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jeffrey Gastyer

    PRES POST 5

    Total calculated
    $9,765
    From this org
    $9,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.62

  • Tom Zwiefelhofer

    VP

    Total calculated
    $7,530
    From this org
    $7,530
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Brian Johnson

    VP POST 5/

    Total calculated
    $5,265
    From this org
    $5,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.62

  • Rachel Kummer

    SEC/TREA PO

    Total calculated
    $8,565
    From this org
    $8,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ed Hartung

    DIRECTOR

    Total calculated
    $4,890
    From this org
    $4,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.46

  • Lee Jensen

    DIRECTOR

    Total calculated
    $4,250
    From this org
    $4,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.85

  • Dean Stokke

    DIRECTOR

    Total calculated
    $9,240
    From this org
    $9,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.46

  • Jim Wildner

    DIRECTOR

    Total calculated
    $5,240
    From this org
    $5,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.62

  • Karl Varnes

    DIRECT. POS

    Total calculated
    $3,650
    From this org
    $3,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.54

  • Logan Scheel

    LINEMAN

    Total calculated
    $132,753
    From this org
    $125,162
    From related orgs
    $0
    Other
    $7,591
    Hours/week
    43.89

  • Michael Frinack

    LINEMAN

    Total calculated
    $138,972
    From this org
    $123,525
    From related orgs
    $0
    Other
    $15,447
    Hours/week
    43.78

  • John Hestekin

    LINEMAN

    Total calculated
    $191,786
    From this org
    $122,610
    From related orgs
    $0
    Other
    $69,176
    Hours/week
    44.33

    Schedule J breakdown matched by us

    Base
    $122,610
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,553
    Nontaxable benefits
    $25,623
    Filer's total
    $191,786

  • Loren Luzinski

    OPERATIONS M

    Total calculated
    $179,740
    From this org
    $122,386
    From related orgs
    $0
    Other
    $57,354
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $122,386
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,731
    Nontaxable benefits
    $25,623
    Filer's total
    $179,740

  • David Livingston

    LINEMAN

    Total calculated
    $151,984
    From this org
    $117,512
    From related orgs
    $0
    Other
    $34,472
    Hours/week
    43.82

    Schedule J breakdown matched by us

    Base
    $117,512
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,849
    Nontaxable benefits
    $25,623
    Filer's total
    $151,984

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.0
Source object
202413029349302371

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