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← PIERCE-PEPIN COOPERATIVE SERVICES

Form 990 for tax year 2025

Filed by PIERCE-PEPIN COOPERATIVE SERVICES.

Totals

Total revenue
$27,227,815
Total expenses
$27,227,815
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,086,565
Investment income
$29,438
Other revenue
$3,111,812
Total assets, end of year
$101,769,033
Total liabilities, end of year
$76,920,329
Net assets or fund balances, end of year
$24,848,704
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: ELECTRICAL REVENUE

    total $23,273,424 · related or exempt $23,273,424

  • 2b · Program service revenue: CAPITAL CREDITS

    total $802,114 · related or exempt $802,114

  • 2c · Program service revenue: POLE RENTAL

    total $9,619 · excluded $9,619

  • 2d · Program service revenue: ELECTRIC PROPERTY RENTAL

    total $1,408 · excluded $1,408

  • 3 · Investment income

    total $22,429 · excluded $22,429

  • 7a · Gross sales of assets other than inventory

    other assets $23,624

  • 7b · Less cost or other basis and sales expenses

    other assets $16,615

  • 7c · Gain or loss

    other assets $7,009

  • 7d · Net gain or loss

    total $7,009 · related or exempt $7,009

  • 11a · Other revenue: ACCESS FEE

    total $3,061,812 · unrelated business $3,061,812

  • 11b · Other revenue: MISC REVENUE/ASSET SALES

    total $50,000 · unrelated business $50,000

  • 11e · Other revenue, total

    $3,111,812

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,394,062

  • 5 · Compensation of officers, directors and key employees

    total $691,255

  • 20 · Interest

    total $2,931,000

  • 22 · Depreciation, depletion and amortization

    total $3,409,630

  • 24a · Other expenses: PURCHASED POWER

    total $12,615,107

  • 24b · Other expenses: ADMIN AND GENERAL

    total $2,040,205

  • 24c · Other expenses: MAINTENANCE

    total $1,710,467

  • 24d · Other expenses: OPERATIONS

    total $1,634,389

  • 24e · All other expenses

    total $801,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $702,082 · end of year $603,370

  • 3 · Pledges and grants receivable

    beginning of year $4,938,083 · end of year $1,058,230

  • 4 · Accounts receivable

    beginning of year $2,302,753 · end of year $2,991,465

  • 8 · Inventories for sale or use

    beginning of year $1,181,396 · end of year $721,550

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

    $118,544,215

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

    $33,913,189

  • 10c · Land, buildings and equipment, net

    beginning of year $75,665,307 · end of year $84,631,026

  • 13 · Investments: program-related

    beginning of year $9,895,432 · end of year $10,117,336

  • 15 · Other assets

    beginning of year $1,282,641 · end of year $1,646,056

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,909,015 · end of year $1,762,465

  • 23 · Secured mortgages and notes payable

    beginning of year $67,149,538 · end of year $72,925,902

  • 25 · Other liabilities

    beginning of year $2,029,993 · end of year $2,231,962

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

    beginning of year $23,769,867 · end of year $24,948,534

  • 31 · Retained earnings, endowment or other funds

    beginning of year $109,281 · end of year -$99,830

Mission and programs · 2025

Mission

TO PROVIDE ELECTRICITY TO MEMBERS AND TO CONSTRUCT AND MAINTAIN ELECTRIC DISTRIBUTIION LINES TO DELIVER ELECTRICITY TO MEMBERS.

Activities or mission (Part I)

COOPERATIVE ELECTRIC ULILITY SALES TO ITS MEMBERS.

  • PROVIDED ELECTRICAL DISTRIBUTION TO OUR 7,993 MEMBER OWNERS USING OUR 1,393 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN.

As filed on the 2025 return.

Listed in Part VII

  • Nathan Boettcher

    PRESIDENT/CE

    Total calculated
    $383,916
    From this org
    $286,771
    From related orgs
    $0
    Other
    $97,145
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $248,501
    Bonus
    $27,520
    Other
    $10,750
    Deferred
    $48,320
    Nontaxable benefits
    $48,825
    Filer's total
    $383,916

  • Becky Bradburn

    VP/CFO, FINA

    Total calculated
    $251,224
    From this org
    $170,322
    From related orgs
    $0
    Other
    $80,902
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $167,322
    Bonus
    $3,000
    Other
    not reported
    Deferred
    $43,682
    Nontaxable benefits
    $37,220
    Filer's total
    $251,224

  • Bradley Ristow

    VP OPERATION

    Total calculated
    $217,438
    From this org
    $146,200
    From related orgs
    $0
    Other
    $71,238
    Hours/week
    44.5

    Schedule J breakdown matched by us

    Base
    $142,465
    Bonus
    $3,000
    Other
    $735
    Deferred
    $68,486
    Nontaxable benefits
    $2,752
    Filer's total
    $217,438

  • Daniel Jensen

    LINEMAN

    Total calculated
    $206,839
    From this org
    $134,957
    From related orgs
    $0
    Other
    $71,882
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $134,957
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,532
    Nontaxable benefits
    $32,350
    Filer's total
    $206,839

  • Scott Freier

    COO

    Total calculated
    $194,448
    From this org
    $153,940
    From related orgs
    $0
    Other
    $40,508
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $150,940
    Bonus
    $3,000
    Other
    not reported
    Deferred
    $38,724
    Nontaxable benefits
    $1,784
    Filer's total
    $194,448

  • David French

    DIRECTOR OF

    Total calculated
    $157,766
    From this org
    $118,618
    From related orgs
    $0
    Other
    $39,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,018
    Bonus
    $1,600
    Other
    not reported
    Deferred
    $12,582
    Nontaxable benefits
    $26,566
    Filer's total
    $157,766

  • Austin Manore

    LINEMAN

    Total calculated
    $151,327
    From this org
    $119,373
    From related orgs
    $0
    Other
    $31,954
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $119,373
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,484
    Nontaxable benefits
    $19,470
    Filer's total
    $151,327

  • Brent Paulson

    LINEMAN

    Total calculated
    $141,227
    From this org
    $119,835
    From related orgs
    $0
    Other
    $21,392
    Hours/week
    44

  • Ginny Huber

    SECRETARY/TR

    Total calculated
    $13,862
    From this org
    $13,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.41

  • John Parkes

    VICE CHAIR

    Total calculated
    $11,200
    From this org
    $11,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.64

  • Ann Young

    DIRECTOR

    Total calculated
    $9,400
    From this org
    $9,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.41

  • Leroy Clark

    DIRECTOR

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.66

  • Brian S Bergseng

    CHAIR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.58

  • Scott Donnelly

    DIRECTOR

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.22

  • Paul Solyntjes

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Glen Fisher

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Paul Tonsager

    DIRECTOR

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.24

  • Brian Berg

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.91

  • Edward Hass

    DIRECTOR

    Total calculated
    $2,200
    From this org
    $2,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.28

  • Gerald Drier

    DIRECTOR

    Total calculated
    $2,160
    From this org
    $2,160
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.37

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SWIFTCURRENT CONNECT INC

    C CORP · BROADBAND · WI · 100% owned · share of income -$209,110 · share of assets $1,214,541

Provenance

Return type
form_990
Tax year
2025
Filed
26 May 2026
IRS schema version
2025v4.0
Source object
202621629349301342

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