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Nonprofiteer
← CENTRAL WISCONSIN ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by CENTRAL WISCONSIN ELECTRIC COOPERATIVE.

Totals

Total revenue
$18,670,681
Total expenses
$18,553,706
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,096,492
Investment income
$205,479
Other revenue
$368,710
Total assets, end of year
$63,650,466
Total liabilities, end of year
$42,313,412
Net assets or fund balances, end of year
$21,337,054
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALE OF POWER

    total $18,096,492 · related or exempt $18,096,492

  • 3 · Investment income

    total $192,270 · excluded $192,270

  • 6a · Gross rents

    real property $13,232

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,232

  • 6d · Net rental income or loss

    total $13,232 · excluded $13,232

  • 7a · Gross sales of assets other than inventory

    other assets $39,159

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

    other assets $25,950

  • 7c · Gain or loss

    other assets $13,209

  • 7d · Net gain or loss

    total $13,209 · related or exempt $13,209

  • 10a · Gross sales of inventory

    $5,575

  • 10b · Cost of goods sold

    $5,458

  • 10c · Net income from sales of inventory

    total $117 · excluded $117

  • 11a · Other revenue: CAPITAL CREDITS

    total $207,324 · related or exempt $207,324

  • 11b · Other revenue: ATC - REVENUE

    total $142,979 · related or exempt $142,979

  • 11c · Other revenue: DBS K-1 INCOME

    total $203 · unrelated business $203

  • 11d · All other revenue

    total $4,855 · related or exempt $4,855

  • 11e · Other revenue, total

    $355,361

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,040,420

  • 5 · Compensation of officers, directors and key employees

    total $416,010

  • 20 · Interest

    total $1,425,819

  • 22 · Depreciation, depletion and amortization

    total $1,846,299

  • 24a · Other expenses: COST OF POWER

    total $9,022,283

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $1,496,418

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $1,119,431

  • 24d · Other expenses: ADMINISTRATIVE & GENERA

    total $846,221

  • 24e · All other expenses

    total $1,340,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $525,655 · end of year $768,200

  • 4 · Accounts receivable

    beginning of year $2,024,323 · end of year $2,488,067

  • 7 · Other notes and loans receivable

    beginning of year $1,129,657 · end of year $777,650

  • 8 · Inventories for sale or use

    beginning of year $583,694 · end of year $891,004

  • 9 · Prepaid expenses and deferred charges

    beginning of year $387,671 · end of year $345,289

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

    $72,346,011

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

    $23,909,499

  • 10c · Land, buildings and equipment, net

    beginning of year $47,839,534 · end of year $48,436,512

  • 12 · Investments: other securities

    beginning of year $815,318 · end of year $795,543

  • 13 · Investments: program-related

    beginning of year $7,483,814 · end of year $9,148,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,058,385 · end of year $1,284,683

  • 19 · Deferred revenue

    beginning of year $611,974 · end of year $260,520

  • 23 · Secured mortgages and notes payable

    beginning of year $37,398,418 · end of year $39,579,014

  • 25 · Other liabilities

    beginning of year $1,061,378 · end of year $1,189,195

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $2,417,031 · end of year $2,049,064

  • 31 · Retained earnings, endowment or other funds

    beginning of year $18,242,480 · end of year $19,287,990

Mission and programs · 2022

Mission

WE ARE YOUR TRUSTED ENERGY PARTNER AND PROVIDER OF VALUED COMMUNITY SUPPORT.

Activities or mission (Part I)

TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES.

  • THE COOPERATIVE SOLD 103,049,907 KWH OF ELECTRICITY TO MEMBERS DURING 2022. IN CONNECTION WITH THE COOPERATIVE'S MISSION THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTHER SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE.

As filed on the 2022 return.

Listed in Part VII

  • Tom Smith

    CHAIRMAN

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.21

  • Michael Schultz

    VICE CHAIRMAN

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.84

  • Lee Lehrer

    SECRETARY/TREASURER

    Total calculated
    $10,300
    From this org
    $10,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Ronald Onesti

    DIRECTOR

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.68

  • Louis Oppor

    DIRECTOR

    Total calculated
    $10,750
    From this org
    $10,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.51

  • Sue Rombalski

    DIRECTOR

    Total calculated
    $10,300
    From this org
    $10,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.44

  • Allen Zander

    DIRECTOR - PART YEAR

    Total calculated
    $8,650
    From this org
    $8,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.74

  • Michael L Wade

    PRESIDENT/CEO

    Total calculated
    $344,060
    From this org
    $177,877
    From related orgs
    $0
    Other
    $166,183
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,877
    Bonus
    $0
    Other
    $0
    Deferred
    $132,371
    Nontaxable benefits
    $33,812
    Filer's total
    $344,060

  • Jarret Brow

    LINEMAN/JOURNEYMAN

    Total calculated
    $167,030
    From this org
    $117,060
    From related orgs
    $0
    Other
    $49,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,060
    Bonus
    $0
    Other
    $0
    Deferred
    $21,139
    Nontaxable benefits
    $28,831
    Filer's total
    $167,030

  • Kevin Kurzweil

    VP OF OPERATIONS & ENGINEE

    Total calculated
    $221,915
    From this org
    $120,911
    From related orgs
    $0
    Other
    $101,004
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $120,911
    Bonus
    $0
    Other
    $0
    Deferred
    $80,372
    Nontaxable benefits
    $20,632
    Filer's total
    $221,915

  • Wyatt Phillips

    LINEMAN

    Total calculated
    $166,277
    From this org
    $115,589
    From related orgs
    $0
    Other
    $50,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,589
    Bonus
    $0
    Other
    $0
    Deferred
    $21,857
    Nontaxable benefits
    $28,831
    Filer's total
    $166,277

  • Chris Tuszke

    LINEMAN

    Total calculated
    $205,791
    From this org
    $115,850
    From related orgs
    $0
    Other
    $89,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,850
    Bonus
    $0
    Other
    $0
    Deferred
    $61,099
    Nontaxable benefits
    $28,842
    Filer's total
    $205,791

  • MacKenzie C Yarbrough

    CREW FOREMAN

    Total calculated
    $172,560
    From this org
    $118,602
    From related orgs
    $0
    Other
    $53,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,602
    Bonus
    $0
    Other
    $0
    Deferred
    $25,221
    Nontaxable benefits
    $28,737
    Filer's total
    $172,560

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CWEC SERVICES LLC

    GASOLINE · WI · income $4,855 · assets $168,517

    Directly controlled by CENTRAL WISCONSIN ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202302699349300730

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