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Nonprofiteer
← CROW WING COOPERATIVE POWER & LIGHT COMPANY

Form 990 for tax year 2023

Filed by CROW WING COOPERATIVE POWER & LIGHT COMPANY.

Totals

Total revenue
$91,037,128
Total expenses
$88,904,111
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,810,528
Investment income
$824,745
Other revenue
$4,401,855
Total assets, end of year
$253,324,443
Total liabilities, end of year
$150,614,696
Net assets or fund balances, end of year
$102,709,747
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: ELECTRIC SERVICE

    total $85,810,528 · related or exempt $85,810,528

  • 3 · Investment income

    total $823,773 · excluded $823,773

  • 6a · Gross rents

    real property $119,312

  • 6b · Less rental expenses

    real property $58,186

  • 6c · Rental income or loss

    real property $61,126

  • 6d · Net rental income or loss

    total $61,126 · unrelated business $61,126

  • 7a · Gross sales of assets other than inventory

    other assets $972

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

    other assets $0

  • 7c · Gain or loss

    other assets $972

  • 7d · Net gain or loss

    total $972 · related or exempt $972

  • 10a · Gross sales of inventory

    $312,675

  • 10b · Cost of goods sold

    $329,758

  • 10c · Net income from sales of inventory

    total -$17,083 · related or exempt -$17,083

  • 11a · Other revenue: CAPITAL CREDITS

    total $3,910,725 · related or exempt $3,910,725

  • 11b · Other revenue: POLE RENTAL

    total $445,166 · excluded $445,166

  • 11c · Other revenue: OTHER NONOPERATING REVENUE

    total $1,921 · related or exempt $275 · unrelated business $1,646

  • 11e · Other revenue, total

    $4,357,812

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,778,076

  • 5 · Compensation of officers, directors and key employees

    total $928,812

  • 20 · Interest

    total $2,778,327

  • 22 · Depreciation, depletion and amortization

    total $6,868,610

  • 24a · Other expenses: COST OF POWER

    total $57,673,071

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $7,674,695

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $4,810,764

  • 24d · Other expenses: CONSUMER SERVICE AND IN

    total $1,376,014

  • 24e · All other expenses

    total $1,015,742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $959,731 · end of year $2,015,001

  • 2 · Savings and temporary cash investments

    beginning of year $6,826,657 · end of year $10,840,397

  • 4 · Accounts receivable

    beginning of year $11,595,110 · end of year $11,090,847

  • 8 · Inventories for sale or use

    beginning of year $4,794,032 · end of year $5,421,596

  • 9 · Prepaid expenses and deferred charges

    beginning of year $659,241 · end of year $239,096

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

    $254,440,270

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

    $90,053,645

  • 10c · Land, buildings and equipment, net

    beginning of year $161,799,261 · end of year $164,386,625

  • 13 · Investments: program-related

    beginning of year $57,516,608 · end of year $59,243,442

  • 15 · Other assets

    beginning of year $94,631 · end of year $87,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,494,192 · end of year $10,480,523

  • 23 · Secured mortgages and notes payable

    beginning of year $126,921,149 · end of year $131,989,489

  • 25 · Other liabilities

    beginning of year $9,438,379 · end of year $8,144,684

  • 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 $97,391,551 · end of year $102,709,747

Mission and programs · 2023

Mission

TO PROVIDE ELECTRICAL SERVICES TO OVER 40,141 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD.

Activities or mission (Part I)

PROVIDE ELECTRICAL SERVICES TO COOPERATIVE MEMBERS

  • TO PROVIDE ELECTRICAL SERVICES TO 40,141 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD.

As filed on the 2023 return.

Listed in Part VII

  • Bryan McCulloch

    SECRETARY

    Total calculated
    $14,697
    From this org
    $14,697
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Richard Larson

    DIRECTOR (THROUGH SEPTEMBER 2023)

    Total calculated
    $8,935
    From this org
    $8,935
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Gertrude Roggenkamp

    DIRECTOR

    Total calculated
    $13,914
    From this org
    $13,914
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.5

  • Robert Kangas

    DIRECTOR

    Total calculated
    $13,272
    From this org
    $13,272
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Mark Ronnei

    PRESIDENT

    Total calculated
    $13,899
    From this org
    $13,899
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.5

  • Luann Nelson

    TREASURER

    Total calculated
    $13,930
    From this org
    $13,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.5

  • Paul Koering

    DIRECTOR

    Total calculated
    $12,664
    From this org
    $12,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.5

  • Dwight Thiesse

    DIRECTOR

    Total calculated
    $12,944
    From this org
    $12,944
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Giles Radtke

    VICE PRESIDENT

    Total calculated
    $13,456
    From this org
    $13,456
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Bruce Kraemer

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $351,585
    From this org
    $318,604
    From related orgs
    $0
    Other
    $32,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,254
    Bonus
    $0
    Other
    $5,350
    Deferred
    $24,694
    Nontaxable benefits
    $9,748
    Filer's total
    $353,046

  • Susannah Jensen

    CHIEF FINANCIAL OFFICER

    Total calculated
    $208,841
    From this org
    $169,215
    From related orgs
    $0
    Other
    $39,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,215
    Bonus
    $0
    Other
    $0
    Deferred
    $14,251
    Nontaxable benefits
    $26,323
    Filer's total
    $209,789

  • Eric Quale

    CHIEF OPERATING OFFICER

    Total calculated
    $247,232
    From this org
    $206,181
    From related orgs
    $0
    Other
    $41,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,431
    Bonus
    $0
    Other
    $7,750
    Deferred
    $15,676
    Nontaxable benefits
    $26,409
    Filer's total
    $248,266

  • Charlene Kinzer

    PUBLIC RELATIONS MANAGER

    Total calculated
    $196,037
    From this org
    $173,949
    From related orgs
    $0
    Other
    $22,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,949
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $9,208
    Filer's total
    $196,957

  • Kelly Story

    CREW FOREMAN

    Total calculated
    $170,787
    From this org
    $137,159
    From related orgs
    $0
    Other
    $33,628
    Hours/week
    48.82

    Schedule J breakdown matched by us

    Base
    $137,159
    Bonus
    $0
    Other
    $0
    Deferred
    $9,746
    Nontaxable benefits
    $24,560
    Filer's total
    $171,465

  • Allen Dahl

    CREW FOREMAN

    Total calculated
    $166,313
    From this org
    $132,821
    From related orgs
    $0
    Other
    $33,492
    Hours/week
    48.55

    Schedule J breakdown matched by us

    Base
    $132,821
    Bonus
    $0
    Other
    $0
    Deferred
    $9,609
    Nontaxable benefits
    $24,552
    Filer's total
    $166,982

  • Gage Wattenhofer

    MANAGER OF MAINTENANCE AND CONSTRUCTION

    Total calculated
    $164,427
    From this org
    $144,224
    From related orgs
    $0
    Other
    $20,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,224
    Bonus
    $0
    Other
    $0
    Deferred
    $11,915
    Nontaxable benefits
    $9,095
    Filer's total
    $165,234

  • Tim Allen

    CREW FOREMAN

    Total calculated
    $168,304
    From this org
    $150,438
    From related orgs
    $0
    Other
    $17,866
    Hours/week
    49.6

    Schedule J breakdown matched by us

    Base
    $150,438
    Bonus
    $0
    Other
    $0
    Deferred
    $10,066
    Nontaxable benefits
    $8,497
    Filer's total
    $169,001

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HUNT ENTERPRISES LLC

    INVESTMENT COMPANY · MN

    Directly controlled by COOPERATIVE HOLDING COMPANY

  • COOPERATIVE MINERAL RESOURCE LLC

    MANGANESE MINING · MN

    Directly controlled by HUNT ENTERPRISES LLC

Related corporations and trusts

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

  • PEOPLES SECURITY COMPANY INC

    C · SALES, INSTALLATION AND MONITORING OF SECURITY SYSTEMS · MN · 100% owned · share of income $1,380,650 · share of assets $1,115,391 · controlled entity

    Directly controlled by COOPERATIVE HOLDING COMPANY INC

  • COOPERATIVE HOLDING COMPANY INC

    C · HOLDING COMPANY FOR CROW WING SUBSIDIARIES · MN · 100% owned · share of income $1,410,692 · share of assets $11,818,763 · controlled entity

    Directly controlled by CROW WING COOPERATIVE POWER & LIGHT CO

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202403199349305510

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