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Nonprofiteer
← RIVERLAND ENERGY COOPERATIVE

Form 990 for tax year 2022

Filed by RIVERLAND ENERGY COOPERATIVE.

Totals

Total revenue
$42,632,803
Total expenses
$42,622,372
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$41,162,988
Investment income
$1,437,412
Other revenue
$32,403
Total assets, end of year
$125,319,295
Total liabilities, end of year
$73,955,521
Net assets or fund balances, end of year
$51,363,774
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$31,975,209

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: Program Service Rev

    total $41,162,988 · related or exempt $41,162,988

  • 3 · Investment income

    total $1,437,412 · related or exempt $1,437,412

  • 6a · Gross rents

    real property $27,611

  • 6c · Rental income or loss

    real property $27,611

  • 6d · Net rental income or loss

    total $27,611 · related or exempt $27,611

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $4,792

  • 10c · Net income from sales of inventory

    total $4,792 · related or exempt $4,792

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,050,411

  • 5 · Compensation of officers, directors and key employees

    total $1,221,198

  • 20 · Interest

    total $2,628,071

  • 22 · Depreciation, depletion and amortization

    total $4,747,483

  • 24a · Other expenses: Cost of Providing Service

    total $24,833,173

  • 24b · Other expenses: Operating and Maintenance

    total $4,972,128

  • 24c · Other expenses: Cons., Admin, Gen. Expenses

    total $1,636,156

  • 24d · Other expenses: All Other

    total $533,752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,123,946 · end of year $896,728

  • 4 · Accounts receivable

    beginning of year $3,899,231 · end of year $4,516,585

  • 8 · Inventories for sale or use

    beginning of year $1,178,101 · end of year $1,577,710

  • 9 · Prepaid expenses and deferred charges

    beginning of year $134,066 · end of year $109,145

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

    $145,092,527

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

    $50,388,137

  • 10c · Land, buildings and equipment, net

    beginning of year $86,895,663 · end of year $94,704,390

  • 13 · Investments: program-related

    beginning of year $22,288,693 · end of year $22,617,399

  • 15 · Other assets

    beginning of year $1,033,823 · end of year $897,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,001,262 · end of year $6,772,081

  • 23 · Secured mortgages and notes payable

    beginning of year $65,819,775 · end of year $67,107,488

  • 25 · Other liabilities

    beginning of year $146,959 · end of year $75,952

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

    beginning of year $50,585,527 · end of year $51,363,774

Mission and programs · 2022

Mission

To provide cooperative members with electricity.

Activities or mission (Part I)

To provide members with electricity

  • To provide cooperative members with electricity

    Expenses $31,975,209 · Revenue $41,162,988

As filed on the 2022 return.

Listed in Part VII

  • David Paudler

    Board President

    Total calculated
    $15,175
    From this org
    $15,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $15,175
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $15,175

  • Filla Dan

    Board Vice President

    Total calculated
    $8,825
    From this org
    $8,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

    Schedule J breakdown matched by us

    Base
    $8,825
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $8,825

  • Dennis Frame

    Board SecretaryTreas

    Total calculated
    $15,050
    From this org
    $15,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $15,050
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $15,050

  • Bernadine Zingsheim

    Director

    Total calculated
    $11,850
    From this org
    $11,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $11,850
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $11,850

  • Gary Dvoracek

    Director

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.2

    Schedule J breakdown matched by us

    Base
    $11,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $11,000

  • Cletus Foegen

    Director

    Total calculated
    $11,200
    From this org
    $11,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $11,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $11,200

  • Bryce Lisowski

    Director

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $9,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,600

  • David Anderson

    Director

    Total calculated
    $9,075
    From this org
    $9,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $9,075
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,075

  • Fran Fedie

    Director

    Total calculated
    $10,575
    From this org
    $10,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $10,575
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,575

  • Jerald Sorenson

    General Manager

    Total calculated
    $239,189
    From this org
    $239,189
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,189
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $239,189

  • Timothy Holtan

    Operations Manager

    Total calculated
    $225,922
    From this org
    $142,799
    From related orgs
    $0
    Other
    $83,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,799
    Bonus
    not reported
    Other
    not reported
    Deferred
    $83,123
    Nontaxable benefits
    not reported
    Filer's total
    $225,922

  • Mark Schamaun

    Lineman

    Total calculated
    $121,575
    From this org
    $121,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    46.3

    Schedule J breakdown matched by us

    Base
    $121,575
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $121,575

  • Tyler Vitse

    Lineman

    Total calculated
    $147,175
    From this org
    $129,188
    From related orgs
    $0
    Other
    $17,987
    Hours/week
    48.7

    Schedule J breakdown matched by us

    Base
    $129,188
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,987
    Nontaxable benefits
    not reported
    Filer's total
    $147,175

  • Dillon Marten

    Lineman

    Total calculated
    $146,911
    From this org
    $129,188
    From related orgs
    $0
    Other
    $17,723
    Hours/week
    48.3

    Schedule J breakdown matched by us

    Base
    $129,188
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,723
    Nontaxable benefits
    not reported
    Filer's total
    $146,911

  • Marc Mades

    Lineman

    Total calculated
    $136,930
    From this org
    $123,478
    From related orgs
    $0
    Other
    $13,452
    Hours/week
    47.9

    Schedule J breakdown matched by us

    Base
    $123,478
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,452
    Nontaxable benefits
    not reported
    Filer's total
    $136,930

  • Brett Palmer

    Lineman

    Total calculated
    $142,012
    From this org
    $122,788
    From related orgs
    $0
    Other
    $19,224
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $122,788
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,224
    Nontaxable benefits
    not reported
    Filer's total
    $142,012

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 · 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202311299349301971

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