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Nonprofiteer
← SLOPE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by SLOPE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$23,943,650
Total expenses
$23,943,650
Contributions and grants received
$0
Grants paid
$42,556
Program service revenue
$22,044,184
Investment income
$1,028,465
Other revenue
$871,001
Total assets, end of year
$119,757,346
Total liabilities, end of year
$44,527,746
Net assets or fund balances, end of year
$75,229,600
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALE OF ELECTRICITY

    total $22,044,184 · related or exempt $22,044,184

  • 3 · Investment income

    total $1,028,465 · excluded $1,028,465

  • 11a · Other revenue: CAPITAL CREDITS

    total $1,003,620 · related or exempt $1,003,620

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total -$29,186 · related or exempt -$29,186

  • 11c · Other revenue: K-1 WDUS HOLDINGS, LLC

    total -$103,433 · unrelated business -$103,433

  • 11e · Other revenue, total

    $871,001

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,556

  • 4 · Benefits paid to or for members

    total $3,354,207

  • 5 · Compensation of officers, directors and key employees

    total $72,015

  • 8 · Pension plan contributions

    total $208,862

  • 11a · Fees: management

    total $272,764

  • 20 · Interest

    total $866,939

  • 22 · Depreciation, depletion and amortization

    total $1,890,130

  • 24a · Other expenses: COST OF POWER

    total $13,532,693

  • 24b · Other expenses: DISTRIBUTION - OPERATIO

    total $1,727,582

  • 24c · Other expenses: ADMIN AND GENERAL

    total $867,524

  • 24d · Other expenses: DISTRIBUTION - MAINTENA

    total $348,276

  • 24e · All other expenses

    total $760,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,325,016 · end of year $4,837,890

  • 2 · Savings and temporary cash investments

    beginning of year $26,846,118 · end of year $28,646,553

  • 4 · Accounts receivable

    beginning of year $262,836 · end of year $2,546,001

  • 7 · Other notes and loans receivable

    beginning of year $480,509 · end of year $366,625

  • 8 · Inventories for sale or use

    beginning of year $1,826,956 · end of year $1,921,830

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,115 · end of year $133,343

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

    $83,287,390

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

    $25,422,654

  • 10c · Land, buildings and equipment, net

    beginning of year $58,109,575 · end of year $57,864,736

  • 12 · Investments: other securities

    beginning of year $24,275,549 · end of year $23,226,179

  • 15 · Other assets

    beginning of year $187,000 · end of year $214,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,041,253 · end of year $1,852,698

  • 23 · Secured mortgages and notes payable

    beginning of year $27,018,047 · end of year $29,925,501

  • 25 · Other liabilities

    beginning of year $13,922,137 · end of year $12,749,547

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $74,390,237 · end of year $75,229,600

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.

Activities or mission (Part I)

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO DISTRIBUTE RELIABLE ELECTRIC SERVICE TO MEMBERS IN SLOPE, ADAMS, HETTINGER, AND BOWMAN COUNTIES.

  • SALE OF ELECTRIC ENERGY TO MEMBERS IN RURAL AREAS

As filed on the 2023 return.

Listed in Part VII

  • Steve Wegner

    PRESIDENT

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.19

  • Anthony Larson

    VICE PRESIDENT

    Total calculated
    $9,050
    From this org
    $9,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.98

  • Angela Carlson

    SECRETARY

    Total calculated
    $15,590
    From this org
    $15,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.88

  • Henry Fischer

    TREASURER

    Total calculated
    $8,775
    From this org
    $8,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.67

  • Lauren Klewin

    DIRECTOR

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.81

  • Jerome Caron

    DIRECTOR

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.69

  • Charolotte Meier

    DIRECTOR

    Total calculated
    $10,700
    From this org
    $10,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.02

  • Dale Hande

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.12

  • Travis Kupper Iea Employee

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Jason Bentz Iea Employee

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Alex Craigmile Iea Employee

    CFO

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Dean Volk

    OPERATIONS MANAGER

    Total calculated
    $232,729
    From this org
    $153,656
    From related orgs
    $0
    Other
    $79,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,656
    Bonus
    $0
    Other
    $0
    Deferred
    $47,542
    Nontaxable benefits
    $31,531
    Filer's total
    $232,729

  • Jeff Boynton

    OUTPOST FOREMAN

    Total calculated
    $197,272
    From this org
    $125,694
    From related orgs
    $0
    Other
    $71,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,694
    Bonus
    $0
    Other
    $0
    Deferred
    $42,769
    Nontaxable benefits
    $28,809
    Filer's total
    $197,272

  • Andrew Sonsalla

    SENIOR STAKING TECHNICIAN

    Total calculated
    $185,481
    From this org
    $126,001
    From related orgs
    $0
    Other
    $59,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,001
    Bonus
    $0
    Other
    $0
    Deferred
    $29,830
    Nontaxable benefits
    $29,650
    Filer's total
    $185,481

  • Dustin Hoff

    WORKING FOREMAN

    Total calculated
    $171,161
    From this org
    $121,860
    From related orgs
    $0
    Other
    $49,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,860
    Bonus
    $0
    Other
    $0
    Deferred
    $11,841
    Nontaxable benefits
    $37,460
    Filer's total
    $171,161

  • Jon Lawhead

    JOURNEYMAN LINE TECHNICIAN

    Total calculated
    $159,085
    From this org
    $117,917
    From related orgs
    $0
    Other
    $41,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,917
    Bonus
    $0
    Other
    $0
    Deferred
    $17,867
    Nontaxable benefits
    $23,301
    Filer's total
    $159,085

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 · Written employment contract

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WDUS HOLDINGS LLC

    UNRELATED · PROVIDE CONSTRUCTION SERVICES TO ELECTRIC COOPERATIVES · ND · 33.33% owned · share of income -$118,428 · share of assets $1,071,488 · general or managing partner

Related corporations and trusts

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

  • SLOPE SERVICES INC

    C · SUBSIDIARY THAT PROVIDES MEDICAL ALERT PHONE SYSTEMS · ND · 100% owned · share of income -$24,448 · controlled entity

    Directly controlled by SLOPE ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202422209349301302

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