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Nonprofiteer
← PRICE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by PRICE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$15,363,960
Total expenses
$15,363,960
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,889,338
Investment income
$35,762
Other revenue
$438,860
Total assets, end of year
$55,456,886
Total liabilities, end of year
$33,507,613
Net assets or fund balances, end of year
$21,949,273
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 REVENUE

    total $14,159,826 · related or exempt $14,159,826

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $290,126 · related or exempt $290,126

  • 2c · Program service revenue: OTHER REVENUE

    total $233,759 · related or exempt $233,759

  • 2d · Program service revenue: OTHER CAPITAL CREDITS

    total $197,764 · related or exempt $197,764

  • 2e · Program service revenue: POLE RENTAL

    total $7,863 · excluded $7,863

  • 3 · Investment income

    total $15,644 · excluded $15,644

  • 7a · Gross sales of assets other than inventory

    other assets $21,014

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

    other assets $896

  • 7c · Gain or loss

    other assets $20,118

  • 7d · Net gain or loss

    total $20,118 · related or exempt $20,118

  • 10a · Gross sales of inventory

    $438,860

  • 10c · Net income from sales of inventory

    total $438,860 · unrelated business $438,860

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $458,196

  • 5 · Compensation of officers, directors and key employees

    total $326,338

  • 20 · Interest

    total $1,225,802

  • 22 · Depreciation, depletion and amortization

    total $1,910,210

  • 24a · Other expenses: COST OF POWER

    total $5,516,484

  • 24b · Other expenses: DISTRIBUTION - MAINTENANC

    total $2,197,932

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,630,627

  • 24d · Other expenses: DISTRIBUTION - OPERATIONS

    total $1,051,811

  • 24e · All other expenses

    total $1,046,560

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $243,891 · end of year $215,506

  • 4 · Accounts receivable

    beginning of year $1,517,990 · end of year $1,680,779

  • 8 · Inventories for sale or use

    beginning of year $2,139,300 · end of year $1,899,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $171,489 · end of year $109,177

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

    $67,811,057

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

    $22,937,328

  • 10c · Land, buildings and equipment, net

    beginning of year $43,976,592 · end of year $44,873,729

  • 13 · Investments: program-related

    beginning of year $6,288,039 · end of year $6,522,898

  • 14 · Intangible assets

    beginning of year $151,035 · end of year $151,035

  • 15 · Other assets

    beginning of year $14,176 · end of year $4,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,981,460 · end of year $1,643,522

  • 23 · Secured mortgages and notes payable

    beginning of year $30,023,405 · end of year $31,013,556

  • 25 · Other liabilities

    beginning of year $453,182 · end of year $850,535

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,044,465 · end of year $21,949,273

Mission and programs · 2024

Mission

TO PROVIDE ACCESS TO SAFE, RELIABLE, AND AFFORDABLE ELECTRIC SERVICE.

Activities or mission (Part I)

DISTRIBUTE ELECTRIC SERVICE TO RURAL MEMBERS/CONSUMERS

  • PRIMARY EXEMPT PURPOSE IS THE DISTRIBUTION OF ELECTRIC SERVICE TO 9,674 RURAL MEMBERS/CONSUMERS.

As filed on the 2024 return.

Listed in Part VII

  • Randy Kunsch

    DIRECTOR

    Total calculated
    $6,350
    From this org
    $6,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.89

  • Edward Hainy

    VICE CHAIRMA

    Total calculated
    $3,486
    From this org
    $3,486
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.92

  • Karen Newbury

    DIRECTOR

    Total calculated
    $5,203
    From this org
    $5,203
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.29

  • Joan Points

    TREASURER

    Total calculated
    $8,576
    From this org
    $8,576
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.32

  • Mark Nyberg

    DIRECTOR

    Total calculated
    $5,545
    From this org
    $5,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.77

  • Robert Hennes

    DIRECTOR

    Total calculated
    $4,791
    From this org
    $4,791
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Matt Christianson

    DIRECTOR

    Total calculated
    $5,017
    From this org
    $5,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Mitchell Meives

    DIRECTOR

    Total calculated
    $7,908
    From this org
    $7,908
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.06

  • William S Haggard

    CHAIRMAN

    Total calculated
    $7,614
    From this org
    $7,614
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.73

  • Jeffery Olson

    PRESIDENT/CE

    Total calculated
    $261,073
    From this org
    $191,191
    From related orgs
    $0
    Other
    $69,882
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,191
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,549
    Nontaxable benefits
    $26,333
    Filer's total
    $261,073

  • Jennifer Janak

    MGR OF FIN A

    Total calculated
    $125,528
    From this org
    $80,657
    From related orgs
    $0
    Other
    $44,871
    Hours/week
    50

  • Jesse Heinz

    LINEMAN

    Total calculated
    $190,905
    From this org
    $148,613
    From related orgs
    $0
    Other
    $42,292
    Hours/week
    54.96

    Schedule J breakdown matched by us

    Base
    $148,613
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,306
    Nontaxable benefits
    $23,986
    Filer's total
    $190,905

  • Jacob Kraetke

    LINEMAN

    Total calculated
    $203,685
    From this org
    $161,276
    From related orgs
    $0
    Other
    $42,409
    Hours/week
    56.96

    Schedule J breakdown matched by us

    Base
    $161,276
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,423
    Nontaxable benefits
    $23,986
    Filer's total
    $203,685

  • Isaac D Weik

    LINEMAN

    Total calculated
    $178,987
    From this org
    $136,816
    From related orgs
    $0
    Other
    $42,171
    Hours/week
    52.55

    Schedule J breakdown matched by us

    Base
    $136,816
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,185
    Nontaxable benefits
    $23,986
    Filer's total
    $178,987

  • David Pisca

    LINE FOREMAN

    Total calculated
    $179,537
    From this org
    $137,024
    From related orgs
    $0
    Other
    $42,513
    Hours/week
    49.33

    Schedule J breakdown matched by us

    Base
    $137,024
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,508
    Nontaxable benefits
    $24,005
    Filer's total
    $179,537

  • Casey Williams

    LINEMAN

    Total calculated
    $168,197
    From this org
    $126,164
    From related orgs
    $0
    Other
    $42,033
    Hours/week
    48.8

    Schedule J breakdown matched by us

    Base
    $126,164
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,047
    Nontaxable benefits
    $23,986
    Filer's total
    $168,197

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

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.

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.

  • PEC ENERGY SOLUTIONS LLC

    C CORP · PART VII · WI · 100% owned · share of income -$24,487 · share of assets $50,907 · controlled entity

    Directly controlled by PRICE ELEC

Provenance

Return type
form_990
Tax year
2024
Filed
24 June 2025
IRS schema version
2024v5.0
Source object
202531769349301423

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