Totals
- Total revenue
- $42,885,692
- Total expenses
- $42,885,692
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $41,341,280
- Investment income
- $30,668
- Other revenue
- $1,513,744
- Total assets, end of year
- $91,270,277
- Total liabilities, end of year
- $44,474,935
- Net assets or fund balances, end of year
- $46,795,342
- 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 POWER
total $41,341,280 · related or exempt $41,341,280
-
3 · Investment income
total $30,668 · excluded $30,668
-
6a · Gross rents
real property $31,432
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $31,432
-
6d · Net rental income or loss
total $31,432 · excluded $31,432
-
10a · Gross sales of inventory
$26,115
-
10b · Cost of goods sold
$25,330
-
10c · Net income from sales of inventory
total $785 · unrelated business $785
-
11a · Other revenue: CAPITAL CREDITS
total $1,481,527 · related or exempt $1,481,527
-
11e · Other revenue, total
$1,481,527
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,433,829
-
5 · Compensation of officers, directors and key employees
total $429,784
-
20 · Interest
total $1,666,609
-
22 · Depreciation, depletion and amortization
total $3,331,733
-
24a · Other expenses: COST OF POWER
total $26,255,613
-
24b · Other expenses: DISTRIBUTION MAINTENANC
total $2,792,130
-
24c · Other expenses: ADMINISTRATIVE & GENERA
total $2,067,473
-
24d · Other expenses: DISTRIBUTION OPERATIONS
total $1,612,934
-
24e · All other expenses
total $1,295,587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,128 · end of year $240,026
-
2 · Savings and temporary cash investments
beginning of year $1,272 · end of year $901
-
4 · Accounts receivable
beginning of year $2,925,761 · end of year $2,829,644
-
7 · Other notes and loans receivable
beginning of year $82,125 · end of year $16,425
-
8 · Inventories for sale or use
beginning of year $553,647 · end of year $1,052,855
-
9 · Prepaid expenses and deferred charges
beginning of year $192,071 · end of year $197,718
-
10a · Land, buildings and equipment: cost or other basis
$107,879,307
-
10b · Land, buildings and equipment: accumulated depreciation
$42,325,957
-
10c · Land, buildings and equipment, net
beginning of year $62,222,957 · end of year $65,553,350
-
13 · Investments: program-related
beginning of year $20,274,699 · end of year $21,166,826
-
15 · Other assets
beginning of year $100,634 · end of year $212,532
-
17 · Accounts payable and accrued expenses
beginning of year $3,219,593 · end of year $2,514,038
-
23 · Secured mortgages and notes payable
beginning of year $36,980,455 · end of year $40,005,248
-
25 · Other liabilities
beginning of year $1,852,177 · end of year $1,955,649
-
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 $44,469,069 · end of year $46,795,342
Mission and programs · 2023
Mission
BARRON ELECTRIC COOPERATIVE IS A MEMBER-OWNED BUSINESS THAT SAFELY PROVIDES ENERGY, PRODUCTS, AND SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE AREA WE SERVE.
Activities or mission (Part I)
TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES.
-
THE COOPERATIVE SOLD 365,792,982 KWH OF ELECTRICITY TO MEMBERS DURING 2023. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUE TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY.
As filed on the 2023 return.
Listed in Part VII
-
Randy CookRANDY COOK
PRESIDENT
- Total calculated
- $16,082
- From this org
- $16,082
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.69
-
Michael BakerMICHAEL BAKER
VICE PRESIDENT
- Total calculated
- $13,192
- From this org
- $13,192
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.98
-
Timothy KesslerTIMOTHY KESSLER
TREASURER
- Total calculated
- $12,214
- From this org
- $12,214
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.92
-
Scott WarwickSCOTT WARWICK
SECRETARY
- Total calculated
- $13,839
- From this org
- $13,839
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.9
-
Richard BolRICHARD BOL
DIRECTOR
- Total calculated
- $9,416
- From this org
- $9,416
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.06
-
William EffertzWILLIAM EFFERTZ
DIRECTOR
- Total calculated
- $13,435
- From this org
- $13,435
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.56
-
Larry KuhlLARRY KUHL
DIRECTOR
- Total calculated
- $12,097
- From this org
- $12,097
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.45
-
Patricia MandelPATRICIA MANDEL
DIRECTOR
- Total calculated
- $11,751
- From this org
- $11,751
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.59
-
David OlsonDAVID OLSON
DIRECTOR
- Total calculated
- $9,785
- From this org
- $9,785
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.31
-
Aaron TorudAARON TORUD
GENERAL MANAGER
- Total calculated
- $317,973
- From this org
- $183,151
- From related orgs
- $0
- Other
- $134,822
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $183,151
- Bonus
- $0
- Other
- $0
- Deferred
- $106,289
- Nontaxable benefits
- $28,533
- Filer's total
- $317,973
-
Timothy EngelTIMOTHY ENGEL
LINEMEN
- Total calculated
- $169,661
- From this org
- $121,128
- From related orgs
- $0
- Other
- $48,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,128
- Bonus
- $0
- Other
- $0
- Deferred
- $21,797
- Nontaxable benefits
- $26,736
- Filer's total
- $169,661
-
Jennifer BeaudetteJENNIFER BEAUDETTE
DIRECTOR OF MEMBER SERVICE
- Total calculated
- $201,372
- From this org
- $102,430
- From related orgs
- $0
- Other
- $98,942
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $102,430
- Bonus
- $0
- Other
- $0
- Deferred
- $71,310
- Nontaxable benefits
- $27,632
- Filer's total
- $201,372
-
Jeffrey NelsonJEFFREY NELSON
LINE SUPERINTENDENT
- Total calculated
- $181,386
- From this org
- $122,698
- From related orgs
- $0
- Other
- $58,688
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $122,698
- Bonus
- $0
- Other
- $0
- Deferred
- $44,858
- Nontaxable benefits
- $13,830
- Filer's total
- $181,386
-
Mandy StrawMANDY STRAW
DIRECTOR OF FINANCE
- Total calculated
- $208,153
- From this org
- $114,841
- From related orgs
- $0
- Other
- $93,312
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $114,841
- Bonus
- $0
- Other
- $0
- Deferred
- $65,521
- Nontaxable benefits
- $27,791
- Filer's total
- $208,153
-
Nathan SteinesNATHAN STEINES
DIRECTOR OF OPERATIONS
- Total calculated
- $187,645
- From this org
- $120,733
- From related orgs
- $0
- Other
- $66,912
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $120,733
- Bonus
- $0
- Other
- $0
- Deferred
- $39,063
- Nontaxable benefits
- $27,849
- Filer's total
- $187,645
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 committee
- 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
- 23 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431149349301878
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