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Nonprofiteer
← PIERCE-PEPIN COOPERATIVE SERVICES

Form 990 for tax year 2022

Filed by PIERCE-PEPIN COOPERATIVE SERVICES.

Totals

Total revenue
$19,896,527
Total expenses
$19,896,527
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,719,754
Investment income
$21,478
Other revenue
$155,295
Total assets, end of year
$64,645,543
Total liabilities, end of year
$40,234,384
Net assets or fund balances, end of year
$24,411,159
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 $19,216,270 · related or exempt $19,216,270

  • 2b · Program service revenue: CAPITAL CREDITS

    total $495,311 · related or exempt $495,311

  • 2c · Program service revenue: POLE RENTAL

    total $8,173 · excluded $8,173

  • 3 · Investment income

    total $21,478 · excluded $21,478

  • 11a · Other revenue: ACCESS FEE

    total $148,645 · unrelated business $148,645

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

    total $6,650 · related or exempt $6,650

  • 11e · Other revenue, total

    $155,295

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,034,409

  • 5 · Compensation of officers, directors and key employees

    total $415,801

  • 20 · Interest

    total $957,110

  • 22 · Depreciation, depletion and amortization

    total $1,913,014

  • 24a · Other expenses: PURCHASED POWER

    total $10,358,988

  • 24b · Other expenses: ADMIN AND GENERAL

    total $1,463,066

  • 24c · Other expenses: OPERATIONS

    total $1,304,930

  • 24d · Other expenses: MAINTENANCE

    total $1,282,427

  • 24e · All other expenses

    total $1,166,782

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $383,204 · end of year $461,986

  • 2 · Savings and temporary cash investments

    beginning of year $19,019 · end of year $3,797

  • 4 · Accounts receivable

    beginning of year $1,854,974 · end of year $2,611,692

  • 8 · Inventories for sale or use

    beginning of year $377,630 · end of year $780,770

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

    $77,724,325

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

    $26,839,597

  • 10c · Land, buildings and equipment, net

    beginning of year $31,495,934 · end of year $50,884,728

  • 13 · Investments: program-related

    beginning of year $8,461,326 · end of year $8,833,703

  • 15 · Other assets

    beginning of year $3,010,409 · end of year $1,068,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,279,029 · end of year $2,093,718

  • 23 · Secured mortgages and notes payable

    beginning of year $15,837,838 · end of year $35,763,390

  • 25 · Other liabilities

    beginning of year $4,059,038 · end of year $2,377,276

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

    beginning of year $24,605,206 · end of year $24,465,117

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$178,615 · end of year -$53,958

Mission and programs · 2022

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 7,806 MEMBER OWNERS USING OUR 1,364 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN.

As filed on the 2022 return.

Listed in Part VII

  • Nathan Boettcher

    PRESIDENT/CE

    Total calculated
    $304,363
    From this org
    $206,469
    From related orgs
    $0
    Other
    $97,894
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $206,469
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,142
    Nontaxable benefits
    $37,752
    Filer's total
    $304,363

  • Bradley Ristow

    VP OPERATION

    Total calculated
    $212,796
    From this org
    $149,823
    From related orgs
    $0
    Other
    $62,973
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $149,823
    Bonus
    not reported
    Other
    not reported
    Deferred
    $62,026
    Nontaxable benefits
    $947
    Filer's total
    $212,796

  • Mark Anderson

    VP/CFO

    Total calculated
    $201,326
    From this org
    $128,936
    From related orgs
    $0
    Other
    $72,390
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $128,936
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,087
    Nontaxable benefits
    $37,303
    Filer's total
    $201,326

  • Daniel Jensen

    LINEMAN

    Total calculated
    $184,008
    From this org
    $111,486
    From related orgs
    $0
    Other
    $72,522
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $111,486
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,517
    Nontaxable benefits
    $38,005
    Filer's total
    $184,008

  • Greg Falde

    LINEMAN

    Total calculated
    $166,057
    From this org
    $103,160
    From related orgs
    $0
    Other
    $62,897
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $103,160
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,856
    Nontaxable benefits
    $38,041
    Filer's total
    $166,057

  • Joseph Marcks

    LINEMAN

    Total calculated
    $139,474
    From this org
    $107,859
    From related orgs
    $0
    Other
    $31,615
    Hours/week
    43

  • Aaron Langer

    LINEMAN

    Total calculated
    $127,987
    From this org
    $108,385
    From related orgs
    $0
    Other
    $19,602
    Hours/week
    42

  • Roger Wiff

    CHAIRMAN

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.51

  • Gerald Drier

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.37

  • Brian S Bergseng

    VICE CHAIRMA

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.06

  • Daniel J Reis

    DIRECTOR

    Total calculated
    $9,400
    From this org
    $9,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.54

  • Ginny Huber

    SECRETARY/TR

    Total calculated
    $8,996
    From this org
    $8,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.78

  • Edward Hass

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.47

  • Ann Young

    DIRECTOR

    Total calculated
    $7,600
    From this org
    $7,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.95

  • Joseph C Bacon

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Brian Berg

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

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 $124,657 · share of assets $888,145

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202321319349306822

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