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Nonprofiteer
← SCENIC RIVERS ENERGY COOP

Form 990 for tax year 2022

Filed by SCENIC RIVERS ENERGY COOP.

Totals

Total revenue
$34,922,921
Total expenses
$32,739,035
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,861,212
Investment income
$1,342,789
Other revenue
$718,920
Total assets, end of year
$110,700,208
Total liabilities, end of year
$61,219,128
Net assets or fund balances, end of year
$49,481,080
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 REVENUES

    total $31,989,871 · related or exempt $31,989,871

  • 2b · Program service revenue: CAPITAL CREDITS AND POLE RENT

    total $871,341 · excluded $871,341

  • 3 · Investment income

    total $183,761 · excluded $183,761

  • 7a · Gross sales of assets other than inventory

    other assets $1,159,028

  • 7c · Gain or loss

    other assets $1,159,028

  • 7d · Net gain or loss

    total $1,159,028 · related or exempt $1,159,028

  • 10a · Gross sales of inventory

    $107,107

  • 10b · Cost of goods sold

    $96,016

  • 10c · Net income from sales of inventory

    total $11,091 · related or exempt $11,091

  • 11a · Other revenue: DPC LAWSUIT INCOME

    total $707,070 · related or exempt $707,070

  • 11b · Other revenue: INCOME FROM SUBSIDIARY

    total $759 · related or exempt $759

  • 11e · Other revenue, total

    $707,829

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,623,532

  • 5 · Compensation of officers, directors and key employees

    total $441,930

  • 20 · Interest

    total $1,574,464

  • 22 · Depreciation, depletion and amortization

    total $2,769,633

  • 24a · Other expenses: COST OF POWER

    total $19,451,518

  • 24b · Other expenses: DIST EXP - MAINTENANCE

    total $2,473,298

  • 24c · Other expenses: DIST EXP - OPERATION

    total $1,771,448

  • 24d · Other expenses: ADMIN. & GEN EXPENSE

    total $1,538,494

  • 24e · All other expenses

    total $1,094,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$9,019 · end of year -$8,157

  • 2 · Savings and temporary cash investments

    beginning of year $1,945,942 · end of year $13,666,987

  • 4 · Accounts receivable

    beginning of year $2,628,742 · end of year $3,084,571

  • 8 · Inventories for sale or use

    beginning of year $538,299 · end of year $738,910

  • 9 · Prepaid expenses and deferred charges

    beginning of year $206,434 · end of year $65,157

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

    $100,095,470

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

    $23,985,251

  • 10c · Land, buildings and equipment, net

    beginning of year $66,967,762 · end of year $76,110,219

  • 12 · Investments: other securities

    beginning of year $1,287,102 · end of year $1,287,861

  • 13 · Investments: program-related

    beginning of year $15,352,072 · end of year $15,727,013

  • 14 · Intangible assets

    beginning of year $739 · end of year $739

  • 15 · Other assets

    beginning of year $184,784 · end of year $26,908

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,614,316 · end of year $3,063,301

  • 23 · Secured mortgages and notes payable

    beginning of year $38,074,900 · end of year $56,028,950

  • 25 · Other liabilities

    beginning of year $1,762,735 · end of year $2,126,877

  • 31 · Retained earnings, endowment or other funds

    beginning of year $46,650,906 · end of year $49,481,080

Mission and programs · 2022

Mission

TO DISTRIBUTE ELECTRICITY

Activities or mission (Part I)

SALE OF RURAL ELECTRICITY TO ITS MEMBERS.

  • SALE OF RURAL ELECTRICITY TO ITS MEMBERS

As filed on the 2022 return.

Listed in Part VII

  • Stephen Lucas

    CEO

    Total calculated
    $446,906
    From this org
    $250,225
    From related orgs
    $0
    Other
    $196,681
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $250,225
    Bonus
    not reported
    Other
    not reported
    Deferred
    $175,448
    Nontaxable benefits
    $21,233
    Filer's total
    $446,906

  • Patrick Pennekamp

    LINEMAN

    Total calculated
    $164,527
    From this org
    $122,429
    From related orgs
    $0
    Other
    $42,098
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $122,429
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,081
    Nontaxable benefits
    $17
    Filer's total
    $164,527

  • Lucas Ritchie

    LINEMAN

    Total calculated
    $161,592
    From this org
    $116,979
    From related orgs
    $0
    Other
    $44,613
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $116,979
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,504
    Nontaxable benefits
    $15,109
    Filer's total
    $161,592

  • Derrick Heisz

    LEAD LINEMAN

    Total calculated
    $149,043
    From this org
    $118,538
    From related orgs
    $0
    Other
    $30,505
    Hours/week
    47

  • Matthew Rasmussen

    LINEMAN

    Total calculated
    $145,495
    From this org
    $118,146
    From related orgs
    $0
    Other
    $27,349
    Hours/week
    45

  • Andrew Lindenberg

    LINEMAN

    Total calculated
    $137,051
    From this org
    $122,983
    From related orgs
    $0
    Other
    $14,068
    Hours/week
    48

  • Charles Simmons

    CHAIRMAN

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Sandra Davidson

    VICE CHAIRMA

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Donald Schaefer

    ASST. SECRET

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stephen Carpenter

    SECRETARY/TR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lily Long

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marcus Saegrove

    DIRECTOR

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • John Larson

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ellen Conley

    DIRECTOR

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Delbert Reuter

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
STEPHEN LUCAS 0 20,500 0

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 corporations and trusts

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

  • SKYVIEW DBS OF WISCONSIN INC

    C CORP · PART VII · WI · 100% owned · share of income $758 · share of assets $1,417,893 · controlled entity

    Directly controlled by PART VII

Provenance

Return type
form_990
Tax year
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202301249349300640

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