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Nonprofiteer
← ADAMS-COLUMBIA ELECTRIC CO-OP

Form 990 for tax year 2025

Filed by ADAMS-COLUMBIA ELECTRIC CO-OP.

Totals

Total revenue
$93,972,846
Total expenses
$93,763,153
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$89,323,678
Investment income
$3,308,988
Other revenue
$1,340,180
Total assets, end of year
$269,845,427
Total liabilities, end of year
$145,670,222
Net assets or fund balances, end of year
$124,175,205
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 $88,574,814 · related or exempt $88,574,814

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

    total $748,864 · excluded $748,864

  • 3 · Investment income

    total $362,715 · excluded $362,715

  • 7a · Gross sales of assets other than inventory

    other assets $7,882,566

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

    other assets $4,936,293

  • 7c · Gain or loss

    other assets $2,946,273

  • 7d · Net gain or loss

    total $2,946,273 · related or exempt $2,946,273

  • 10a · Gross sales of inventory

    $2,268

  • 10c · Net income from sales of inventory

    total $2,268 · unrelated business $2,268

  • 11a · Other revenue: ATC ALLOCATION

    total $1,291,327 · excluded $1,291,327

  • 11b · Other revenue: IRP AND ECONOMIC DEVELOPMENT

    total $46,698 · excluded $46,698

  • 11c · Other revenue: MIDWISCONSIN DBS, LLC

    total -$113 · unrelated business -$113

  • 11e · Other revenue, total

    $1,337,912

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,828,249

  • 5 · Compensation of officers, directors and key employees

    total $465,862

  • 20 · Interest

    total $5,776,273

  • 22 · Depreciation, depletion and amortization

    total $10,649,801

  • 24a · Other expenses: COST OF POWER

    total $47,256,637

  • 24b · Other expenses: OPERATIONS EXPENSE

    total $4,308,103

  • 24c · Other expenses: MAINTENANCE EXPENSE

    total $4,248,614

  • 24d · Other expenses: ADMIN & GENERAL

    total $3,563,802

  • 24e · All other expenses

    total $4,665,812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $817,260 · end of year $553,892

  • 2 · Savings and temporary cash investments

    beginning of year $897,100 · end of year $1,315,085

  • 4 · Accounts receivable

    beginning of year $7,967,871 · end of year $9,844,826

  • 7 · Other notes and loans receivable

    beginning of year $1,038,656 · end of year $1,033,618

  • 8 · Inventories for sale or use

    beginning of year $4,890,363 · end of year $4,536,264

  • 9 · Prepaid expenses and deferred charges

    beginning of year $490,336 · end of year $575,162

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

    $332,759,548

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

    $111,119,474

  • 10c · Land, buildings and equipment, net

    beginning of year $217,474,626 · end of year $221,640,074

  • 12 · Investments: other securities

    beginning of year $1,437,884 · end of year $3,326,696

  • 13 · Investments: program-related

    beginning of year $26,513,727 · end of year $26,733,118

  • 15 · Other assets

    beginning of year $291,803 · end of year $286,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,508,831 · end of year $1,271,012

  • 23 · Secured mortgages and notes payable

    beginning of year $135,010,301 · end of year $137,745,590

  • 25 · Other liabilities

    beginning of year $6,760,387 · end of year $6,653,620

  • 31 · Retained earnings, endowment or other funds

    beginning of year $115,540,107 · end of year $124,175,205

Mission and programs · 2025

Mission

TO SUPPLY ELECTRICITY TO ITS MEMBERS.

  • SUPPLYING ELECTRICITY TO ITS MEMBERS.

As filed on the 2025 return.

Listed in Part VII

  • JON CONGDON

    GENERAL MANA

    Total calculated
    $397,912
    From this org
    $266,318
    From related orgs
    $0
    Other
    $131,594
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $266,318
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,640
    Nontaxable benefits
    $29,954
    Filer's total
    $397,912

  • JOSHUA BERGER

    OPER & ENGR

    Total calculated
    $244,458
    From this org
    $178,914
    From related orgs
    $0
    Other
    $65,544
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $178,914
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,590
    Nontaxable benefits
    $29,954
    Filer's total
    $244,458

  • WILLIAM KEARNS

    JOURNEYMAN L

    Total calculated
    $224,306
    From this org
    $144,193
    From related orgs
    $0
    Other
    $80,113
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $144,193
    Bonus
    not reported
    Other
    not reported
    Deferred
    $50,159
    Nontaxable benefits
    $29,954
    Filer's total
    $224,306

  • MINDY KERSKA

    MEM SVCS/TRA

    Total calculated
    $218,494
    From this org
    $161,758
    From related orgs
    $0
    Other
    $56,736
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $161,758
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,576
    Nontaxable benefits
    $11,160
    Filer's total
    $218,494

  • ELIZABETH HENDRICKSEN

    CFO

    Total calculated
    $218,397
    From this org
    $164,288
    From related orgs
    $0
    Other
    $54,109
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $164,288
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,829
    Nontaxable benefits
    $20,280
    Filer's total
    $218,397

  • DUANE MOORE

    OPERATIONS S

    Total calculated
    $197,447
    From this org
    $143,203
    From related orgs
    $0
    Other
    $54,244
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $143,203
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,990
    Nontaxable benefits
    $18,254
    Filer's total
    $197,447

  • JASON HOOKER

    JOURNEYMAN L

    Total calculated
    $178,164
    From this org
    $147,117
    From related orgs
    $0
    Other
    $31,047
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $147,117
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,891
    Nontaxable benefits
    $156
    Filer's total
    $178,164

  • KENDAL NICHOLS

    EX DIRECTOR

    Total calculated
    $51,240
    From this org
    $31,891
    From related orgs
    $0
    Other
    $19,349

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $31,891
    Deferred
    $19,349
    Nontaxable benefits
    not reported
    Filer's total
    $51,240

  • MARJORIE COLBY

    EX DIRECTOR

    Total calculated
    $23,296
    From this org
    $17,457
    From related orgs
    $0
    Other
    $5,839

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $17,457
    Deferred
    $5,839
    Nontaxable benefits
    not reported
    Filer's total
    $23,296

  • GARY SKOLARZ

    DIRECTOR - S

    Total calculated
    $12,375
    From this org
    $12,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • DEREK ALEXANDER

    DIRECTOR

    Total calculated
    $10,575
    From this org
    $10,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • JON EBERT

    DIRECTOR

    Total calculated
    $10,275
    From this org
    $10,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • RENEE WENDT

    VICE CHAIR

    Total calculated
    $10,050
    From this org
    $10,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • AARON HOERNKE

    DIRECTOR - C

    Total calculated
    $9,975
    From this org
    $9,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • ADAM JONES

    DIRECTOR - T

    Total calculated
    $8,325
    From this org
    $8,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • AARON BONNETT

    DIRECTOR

    Total calculated
    $6,375
    From this org
    $6,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

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 · Independent compensation consultant
  • 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.

Provenance

Return type
form_990
Tax year
2025
Filed
14 April 2026
IRS schema version
2025v4.0
Source object
202611199349300841

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