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← PIERCE-PEPIN COOPERATIVE SERVICES

Form 990 for tax year 2024

Filed by PIERCE-PEPIN COOPERATIVE SERVICES.

Totals

Total revenue
$22,633,005
Total expenses
$22,633,005
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,975,937
Investment income
$20,412
Other revenue
$2,636,656
Total assets, end of year
$95,967,694
Total liabilities, end of year
$72,088,546
Net assets or fund balances, end of year
$23,879,148
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 $19,085,832 · related or exempt $19,085,832

  • 2b · Program service revenue: CAPITAL CREDITS

    total $815,447 · related or exempt $815,447

  • 2c · Program service revenue: GRANT REVENUE

    total $45,899 · related or exempt $45,899

  • 2d · Program service revenue: ELECTRIC PROPERTY RENTAL

    total $20,000 · excluded $20,000

  • 2e · Program service revenue: POLE RENTAL

    total $8,759 · excluded $8,759

  • 3 · Investment income

    total $19,568 · excluded $19,568

  • 7a · Gross sales of assets other than inventory

    other assets $844

  • 7c · Gain or loss

    other assets $844

  • 7d · Net gain or loss

    total $844 · related or exempt $844

  • 11a · Other revenue: ACCESS FEE

    total $2,255,110 · unrelated business $2,255,110

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

    total $381,546 · related or exempt $381,546

  • 11e · Other revenue, total

    $2,636,656

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $281,822

  • 5 · Compensation of officers, directors and key employees

    total $629,187

  • 7 · Other salaries and wages

    total $142,517

  • 20 · Interest

    total $2,761,455

  • 22 · Depreciation, depletion and amortization

    total $2,933,451

  • 24a · Other expenses: PURCHASED POWER

    total $10,410,959

  • 24b · Other expenses: ADMIN AND GENERAL

    total $1,838,312

  • 24c · Other expenses: OPERATIONS

    total $1,608,581

  • 24d · Other expenses: MAINTENANCE

    total $1,406,851

  • 24e · All other expenses

    total $619,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,372 · end of year $702,082

  • 2 · Savings and temporary cash investments

    beginning of year $5,926

  • 3 · Pledges and grants receivable

    beginning of year $11,100,000 · end of year $4,938,083

  • 4 · Accounts receivable

    beginning of year $2,255,817 · end of year $2,302,753

  • 8 · Inventories for sale or use

    beginning of year $896,383 · end of year $1,181,396

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

    $106,513,714

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

    $30,848,407

  • 10c · Land, buildings and equipment, net

    beginning of year $62,009,184 · end of year $75,665,307

  • 13 · Investments: program-related

    beginning of year $9,417,763 · end of year $9,895,432

  • 15 · Other assets

    beginning of year $795,239 · end of year $1,282,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,906,781 · end of year $2,909,015

  • 23 · Secured mortgages and notes payable

    beginning of year $58,513,519 · end of year $67,149,538

  • 25 · Other liabilities

    beginning of year $1,990,252 · end of year $2,029,993

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

    beginning of year $24,251,872 · end of year $23,769,867

  • 31 · Retained earnings, endowment or other funds

    beginning of year $94,260 · end of year $109,281

Mission and programs · 2024

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 7,989 MEMBER OWNERS USING OUR 1,376 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN.

As filed on the 2024 return.

Listed in Part VII

  • Nathan Boettcher

    PRESIDENT/CE

    Total calculated
    $353,004
    From this org
    $267,639
    From related orgs
    $0
    Other
    $85,365
    Hours/week
    45.59

    Schedule J breakdown matched by us

    Base
    $229,719
    Bonus
    $27,520
    Other
    $10,400
    Deferred
    $42,182
    Nontaxable benefits
    $43,183
    Filer's total
    $353,004

  • Bradley Ristow

    VP OPERATION

    Total calculated
    $199,199
    From this org
    $142,517
    From related orgs
    $0
    Other
    $56,682
    Hours/week
    46.3

    Schedule J breakdown matched by us

    Base
    $137,282
    Bonus
    $4,500
    Other
    $735
    Deferred
    $55,703
    Nontaxable benefits
    $979
    Filer's total
    $199,199

  • Daniel Jensen

    LINEMAN

    Total calculated
    $187,013
    From this org
    $116,428
    From related orgs
    $0
    Other
    $70,585
    Hours/week
    45.57

    Schedule J breakdown matched by us

    Base
    $116,428
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,302
    Nontaxable benefits
    $41,283
    Filer's total
    $187,013

  • Becky Bradburn

    VP/CFO, FINA

    Total calculated
    $186,899
    From this org
    $124,818
    From related orgs
    $0
    Other
    $62,081
    Hours/week
    49.61

    Schedule J breakdown matched by us

    Base
    $107,118
    Bonus
    $7,700
    Other
    $10,000
    Deferred
    $34,755
    Nontaxable benefits
    $27,326
    Filer's total
    $186,899

  • Scott Freier

    COO

    Total calculated
    $182,819
    From this org
    $149,303
    From related orgs
    $0
    Other
    $33,516
    Hours/week
    54.73

    Schedule J breakdown matched by us

    Base
    $145,303
    Bonus
    $4,000
    Other
    not reported
    Deferred
    $32,478
    Nontaxable benefits
    $1,038
    Filer's total
    $182,819

  • Byron Gilles

    LINEMAN

    Total calculated
    $164,699
    From this org
    $107,338
    From related orgs
    $0
    Other
    $57,361
    Hours/week
    44.96

    Schedule J breakdown matched by us

    Base
    $107,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,959
    Nontaxable benefits
    $42,402
    Filer's total
    $164,699

  • Austin Manore

    LINEMAN

    Total calculated
    $143,886
    From this org
    $116,227
    From related orgs
    $0
    Other
    $27,659
    Hours/week
    43.42

  • Aaron Langer

    LINEMAN

    Total calculated
    $139,775
    From this org
    $128,819
    From related orgs
    $0
    Other
    $10,956
    Hours/week
    44.92

  • John Parkes

    VICE CHAIR

    Total calculated
    $12,400
    From this org
    $12,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.26

  • Gerald Drier

    DIRECTOR

    Total calculated
    $12,080
    From this org
    $12,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.44

  • Ginny Huber

    SECRETARY/TR

    Total calculated
    $10,462
    From this org
    $10,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.54

  • Edward Hass

    DIRECTOR

    Total calculated
    $10,400
    From this org
    $10,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.81

  • Daniel J Reis

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.29

  • Ann Young

    DIRECTOR

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.37

  • Brian S Bergseng

    VICE CHAIRMA

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • Roger Wiff

    CHAIRMAN

    Total calculated
    $5,485
    From this org
    $5,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.75

  • Brian Berg

    DIRECTOR

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.02

  • Leroy Clark

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.07

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 $15,714 · share of assets $1,232,705

Provenance

Return type
form_990
Tax year
2024
Filed
6 June 2025
IRS schema version
2024v5.0
Source object
202531619349301138

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