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Nonprofiteer
← COOPERATIVE LIGHT AND POWER ASSOCIATION OF LAKE COUNTY

Form 990 for tax year 2024

Filed by COOPERATIVE LIGHT AND POWER ASSOCIATION OF LAKE COUNTY.

Totals

Total revenue
$15,266,668
Total expenses
$15,300,746
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,899,473
Investment income
$86,422
Other revenue
$280,773
Total assets, end of year
$36,554,621
Total liabilities, end of year
$20,763,972
Net assets or fund balances, end of year
$15,790,649
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 $14,899,473 · related or exempt $14,899,473

  • 3 · Investment income

    total $78,178 · excluded $78,178

  • 7a · Gross sales of assets other than inventory

    other assets $8,244

  • 7c · Gain or loss

    other assets $8,244

  • 7d · Net gain or loss

    total $8,244 · excluded $8,244

  • 10a · Gross sales of inventory

    $10,844

  • 10b · Cost of goods sold

    $12,947

  • 10c · Net income from sales of inventory

    total -$2,103 · related or exempt -$2,103

  • 11a · Other revenue: COOPERATIVE CAPITAL CREDITS

    total $237,021 · related or exempt $237,021

  • 11b · Other revenue: OTHER CAPITAL CREDITS

    total $41,707 · related or exempt $41,707

  • 11c · Other revenue: OTHER NONOPERATING MARGINS

    total $4,148 · related or exempt $4,148

  • 11e · Other revenue, total

    $282,876

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $461,292

  • 5 · Compensation of officers, directors and key employees

    total $528,908

  • 20 · Interest

    total $383,685

  • 22 · Depreciation, depletion and amortization

    total $1,400,831

  • 24a · Other expenses: COST OF POWER

    total $7,981,959

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,474,779

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $1,199,090

  • 24d · Other expenses: CUSTOMER SERVICE AND INFO

    total $551,333

  • 24e · All other expenses

    total $318,869

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,111 · end of year $178,302

  • 2 · Savings and temporary cash investments

    beginning of year $1,555,104 · end of year $1,198,374

  • 4 · Accounts receivable

    beginning of year $1,720,083 · end of year $2,042,259

  • 8 · Inventories for sale or use

    beginning of year $1,209,412 · end of year $1,216,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $640,782 · end of year $580,116

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

    $45,453,522

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

    $22,306,130

  • 10c · Land, buildings and equipment, net

    beginning of year $21,860,098 · end of year $23,147,392

  • 12 · Investments: other securities

    beginning of year $7,567,146 · end of year $8,071,558

  • 15 · Other assets

    beginning of year $129,734 · end of year $120,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,397,674 · end of year $2,667,065

  • 19 · Deferred revenue

    beginning of year $490,150 · end of year $591,019

  • 23 · Secured mortgages and notes payable

    beginning of year $14,556,381 · end of year $16,159,761

  • 25 · Other liabilities

    beginning of year $1,496,945 · end of year $1,346,127

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,814,320 · end of year $15,790,649

Mission and programs · 2024

Mission

ELECTRIC ENERGY DISTRIBUTION.

  • DISTRIBUTED ELECTRIC ENERGY AND OTHER SERVICES TO CONSUMERS.

As filed on the 2024 return.

Listed in Part VII

  • Scott Veitenheimer

    PRESIDENT

    Total calculated
    $8,320
    From this org
    $8,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Roger Peterson

    VICE PRESIDE

    Total calculated
    $11,393
    From this org
    $11,393
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kyle Weideman

    TREASURER

    Total calculated
    $8,447
    From this org
    $8,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Jessica Willemarck

    SECRETARY

    Total calculated
    $10,163
    From this org
    $10,163
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Steve Josephson

    DIRECTOR

    Total calculated
    $10,925
    From this org
    $10,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Joel Janorschke

    CEO

    Total calculated
    $332,222
    From this org
    $247,990
    From related orgs
    $0
    Other
    $84,232
    Hours/week
    53.5

    Schedule J breakdown matched by us

    Base
    $247,990
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,601
    Nontaxable benefits
    $25,631
    Filer's total
    $332,222

  • Shannon Haveri

    FINANCE MANA

    Total calculated
    $147,438
    From this org
    $120,205
    From related orgs
    $0
    Other
    $27,233
    Hours/week
    43.5

  • Chase Peterson

    CONSTRUCTION

    Total calculated
    $194,584
    From this org
    $147,829
    From related orgs
    $0
    Other
    $46,755
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $147,829
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,064
    Nontaxable benefits
    $12,691
    Filer's total
    $194,584

  • Vince Udenberg

    MAINTENANCE

    Total calculated
    $198,592
    From this org
    $139,777
    From related orgs
    $0
    Other
    $58,815
    Hours/week
    44.9

    Schedule J breakdown matched by us

    Base
    $139,777
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,749
    Nontaxable benefits
    $24,066
    Filer's total
    $198,592

  • Jeff Toland

    LINEMAN

    Total calculated
    $167,259
    From this org
    $136,919
    From related orgs
    $0
    Other
    $30,340
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $136,919
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,045
    Nontaxable benefits
    $13,295
    Filer's total
    $167,259

  • Rick Heath

    LEAD LINEMAN

    Total calculated
    $191,744
    From this org
    $152,038
    From related orgs
    $0
    Other
    $39,706
    Hours/week
    47.3

    Schedule J breakdown matched by us

    Base
    $152,038
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,106
    Nontaxable benefits
    $22,600
    Filer's total
    $191,744

  • Brian Bentler

    OPERATIONS M

    Total calculated
    $201,082
    From this org
    $130,429
    From related orgs
    $0
    Other
    $70,653
    Hours/week
    43.2

    Schedule J breakdown matched by us

    Base
    $130,429
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,632
    Nontaxable benefits
    $30,021
    Filer's total
    $201,082

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 · Independent compensation consultant
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 July 2025
IRS schema version
2024v5.0
Source object
202541919349301239

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