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Nonprofiteer
← SCENIC RIVERS ENERGY COOP

Form 990 for tax year 2024

Filed by SCENIC RIVERS ENERGY COOP.

Totals

Total revenue
$35,011,974
Total expenses
$34,073,483
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,290,411
Investment income
$687,516
Other revenue
$34,047
Total assets, end of year
$110,869,540
Total liabilities, end of year
$57,292,746
Net assets or fund balances, end of year
$53,576,794
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 $33,043,821 · related or exempt $33,043,821

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

    total $1,246,590 · excluded $1,246,590

  • 3 · Investment income

    total $671,844 · excluded $671,844

  • 7a · Gross sales of assets other than inventory

    other assets $15,672

  • 7c · Gain or loss

    other assets $15,672

  • 7d · Net gain or loss

    total $15,672 · related or exempt $15,672

  • 10a · Gross sales of inventory

    $90,107

  • 10b · Cost of goods sold

    $80,568

  • 10c · Net income from sales of inventory

    total $9,539 · related or exempt $9,539

  • 11a · Other revenue: HURRICANE HELEN NET IMPACT

    total $22,644 · related or exempt $22,644

  • 11b · Other revenue: INCOME FROM SUBSIDIARY

    total $1,864 · related or exempt $1,864

  • 11e · Other revenue, total

    $24,508

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,340,929

  • 5 · Compensation of officers, directors and key employees

    total $418,207

  • 20 · Interest

    total $1,518,060

  • 22 · Depreciation, depletion and amortization

    total $3,199,666

  • 24a · Other expenses: COST OF POWER

    total $19,170,193

  • 24b · Other expenses: DIST EXP - MAINTENANCE

    total $2,744,954

  • 24c · Other expenses: DIST EXP - OPERATION

    total $1,944,527

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

    total $1,655,813

  • 24e · All other expenses

    total $1,081,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$8,755 · end of year $18,992

  • 2 · Savings and temporary cash investments

    beginning of year $10,533,724 · end of year $6,750,593

  • 4 · Accounts receivable

    beginning of year $2,728,728 · end of year $3,123,591

  • 8 · Inventories for sale or use

    beginning of year $892,143 · end of year $1,126,721

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,339 · end of year $40,667

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

    $108,976,434

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

    $27,848,609

  • 10c · Land, buildings and equipment, net

    beginning of year $78,320,565 · end of year $81,127,825

  • 12 · Investments: other securities

    beginning of year $1,287,741 · end of year $1,289,605

  • 13 · Investments: program-related

    beginning of year $16,449,499 · end of year $17,262,358

  • 14 · Intangible assets

    beginning of year $739 · end of year $739

  • 15 · Other assets

    beginning of year $132,335 · end of year $128,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,227,779 · end of year $3,300,877

  • 23 · Secured mortgages and notes payable

    beginning of year $53,989,637 · end of year $51,921,629

  • 25 · Other liabilities

    beginning of year $1,842,367 · end of year $2,070,240

  • 31 · Retained earnings, endowment or other funds

    beginning of year $51,373,275 · end of year $53,576,794

Mission and programs · 2024

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 2024 return.

Listed in Part VII

  • Stephen Lucas

    CEO

    Total calculated
    $443,485
    From this org
    $263,925
    From related orgs
    $0
    Other
    $179,560
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $263,925
    Bonus
    not reported
    Other
    not reported
    Deferred
    $157,506
    Nontaxable benefits
    $22,054
    Filer's total
    $443,485

  • Travis Klein

    LINEMAN

    Total calculated
    $176,695
    From this org
    $139,618
    From related orgs
    $0
    Other
    $37,077
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $139,618
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,311
    Nontaxable benefits
    $25,766
    Filer's total
    $176,695

  • Patrick Pennekamp

    LINEMAN

    Total calculated
    $166,869
    From this org
    $137,720
    From related orgs
    $0
    Other
    $29,149
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $137,720
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,131
    Nontaxable benefits
    $18
    Filer's total
    $166,869

  • Daniel Welsh

    LINEMAN

    Total calculated
    $164,759
    From this org
    $128,498
    From related orgs
    $0
    Other
    $36,261
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $128,498
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,109
    Nontaxable benefits
    $15,152
    Filer's total
    $164,759

  • Hunter Fortney

    LINEMAN

    Total calculated
    $152,556
    From this org
    $144,946
    From related orgs
    $0
    Other
    $7,610
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $144,946
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,592
    Nontaxable benefits
    $18
    Filer's total
    $152,556

  • Andrew Lindenberg

    LINEMAN

    Total calculated
    $144,333
    From this org
    $128,012
    From related orgs
    $0
    Other
    $16,321
    Hours/week
    48

  • Charles Simmons

    CHAIRMAN

    Total calculated
    $7,750
    From this org
    $7,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Stephen Carpenter

    SECRETARY/TR

    Total calculated
    $7,450
    From this org
    $7,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sandra Davidson

    VICE CHAIRMA

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Donald Schaefer

    ASST. SECRET

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ellen Conley

    DIRECTOR

    Total calculated
    $6,850
    From this org
    $6,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lily Long

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marcus Saegrove

    DIRECTOR

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Delbert Reuter

    DIRECTOR

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

  • Allen Abraham

    DIRECTOR

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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 23,000 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 $1,864 · share of assets $1,394,860 · controlled entity

    Directly controlled by PART VII

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2025
IRS schema version
2024v5.0
Source object
202511269349302891

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