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Nonprofiteer
← BROWN-ATCHISON ELECTRIC COOPERATIVE ASSN INC

Form 990 for tax year 2025

Filed by BROWN-ATCHISON ELECTRIC COOPERATIVE ASSN INC.

Totals

Total revenue
$7,711,469
Total expenses
$7,711,469
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,356,585
Investment income
$79,255
Other revenue
$275,629
Total assets, end of year
$25,170,626
Total liabilities, end of year
$11,771,258
Net assets or fund balances, end of year
$13,399,368
Program services expenses (Part IX)
$7,711,469
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,711,469

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $7,337,419 · related or exempt $7,337,419 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $19,166 · related or exempt $19,166 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $27,429 · related or exempt $27,429 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $51,826

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $51,826

  • 7d · Net gain or loss

    total $51,826 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $9,971

  • 10b · Cost of goods sold

    $8,570

  • 10c · Net income from sales of inventory

    total $1,401 · related or exempt $1,401 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER CAPITAL CREDITS

    total $68,001 · related or exempt $68,001 · unrelated business $0 · excluded $0

  • 11b · Other revenue: NUCLEAR POWER PRODUCTION CREDIT

    total $206,227 · related or exempt $206,227 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $274,228

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $625,234 · program services $625,234

  • 5 · Compensation of officers, directors and key employees

    total $331,705 · program services $331,705 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $117,543 · program services $117,543 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $243,724 · program services $243,724 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $226,680 · program services $226,680 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $82,978 · program services $82,978 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $12,218 · program services $12,218 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $10,894 · program services $10,894 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $33,732 · program services $33,732 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $24,975 · program services $24,975 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $32,855 · program services $32,855 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $107,401 · program services $107,401 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $196,918 · program services $196,918 · management and general $0 · fundraising $0

  • 17 · Travel

    total $3,591 · program services $3,591 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $39,042 · program services $39,042 · management and general $0 · fundraising $0

  • 20 · Interest

    total $402,626 · program services $402,626 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $883,926 · program services $883,926 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $72,319 · program services $72,319 · management and general $0 · fundraising $0

  • 24a · Other expenses: PURCHASED POWER

    total $4,082,915 · program services $4,082,915 · management and general $0 · fundraising $0

  • 24b · Other expenses: OPERATING EXPENSES/SUPPLIES

    total $97,625 · program services $97,625 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES

    total $65,328 · program services $65,328 · management and general $0 · fundraising $0

  • 24d · Other expenses: PROPERTY/BUILDING MTC/SUPPLIES

    total $17,240 · program services $17,240 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,322 · end of year $47,345

  • 2 · Savings and temporary cash investments

    beginning of year $380,580 · end of year $755,922

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $548,807 · end of year $578,511

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $191 · end of year $185

  • 8 · Inventories for sale or use

    beginning of year $177,905 · end of year $228,948

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,481 · end of year $19,805

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

    $26,354,133

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

    $6,004,677

  • 10c · Land, buildings and equipment, net

    beginning of year $19,516,830 · end of year $20,349,456

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $3,141,899 · end of year $3,190,454

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,997 · end of year $92,141

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $12,704 · end of year $5,026

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,327,289 · end of year $11,674,091

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $50,445 · end of year $50,540

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

    beginning of year $12,800,684 · end of year $13,008,728

  • 31 · Retained earnings, endowment or other funds

    beginning of year $311,896 · end of year $340,100

Mission and programs · 2025

Mission

TO PROVIDE ELECTRIC DISTRIBUTION SERVICE TO RURAL AREAS AT COST

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO RURAL AREAS

  • TO PROVIDE ELECTRICAL SERVICE TO RURAL AREAS AT COST

    Expenses $7,711,469 · Revenue $7,711,469

As filed on the 2025 return.

Listed in Part VII

  • Michael Volker

    GENERAL MANAGER

    Total calculated
    $283,047
    From this org
    $187,616
    From related orgs
    $0
    Other
    $95,431
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $187,616
    Bonus
    $0
    Other
    $0
    Deferred
    $49,813
    Nontaxable benefits
    $45,618
    Filer's total
    $283,047

  • Jason Bare

    LINE SUPERINTENDENT

    Total calculated
    $168,110
    From this org
    $106,287
    From related orgs
    $0
    Other
    $61,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,287
    Bonus
    $0
    Other
    $0
    Deferred
    $28,945
    Nontaxable benefits
    $32,878
    Filer's total
    $168,110

  • Gregory Tanking

    TRUSTEE

    Total calculated
    $9,545
    From this org
    $6,446
    From related orgs
    $0
    Other
    $3,099
    Hours/week
    1 + 2 related

  • Dean C Miller

    PRESIDENT TRUSTEE

    Total calculated
    $8,876
    From this org
    $6,622
    From related orgs
    $0
    Other
    $2,254
    Hours/week
    2 + 0.5 related

  • Brent Nelson

    SECRETARY TRUSTEE

    Total calculated
    $2,419
    From this org
    $1,883
    From related orgs
    $0
    Other
    $536
    Hours/week
    1

  • Kevin Gigstad

    VICE PRESIDENT TRUSTEE

    Total calculated
    $771
    From this org
    $670
    From related orgs
    $0
    Other
    $101
    Hours/week
    1

  • Paul Hinton

    TRUSTEE

    Total calculated
    $3,776
    From this org
    $2,967
    From related orgs
    $0
    Other
    $809
    Hours/week
    1

  • Kevin Compton

    TRUSTEE

    Total calculated
    $4,409
    From this org
    $3,223
    From related orgs
    $0
    Other
    $1,186
    Hours/week
    1 + 1 related

  • Daryl Sales

    TREASURER TRUSTEE

    Total calculated
    $5,917
    From this org
    $4,436
    From related orgs
    $0
    Other
    $1,481
    Hours/week
    1 + 1 related

  • Gregg Oswald

    TRUSTEE

    Total calculated
    $5,727
    From this org
    $4,659
    From related orgs
    $0
    Other
    $1,068
    Hours/week
    1 + 1 related

  • Sharan Kerl

    TRUSTEE

    Total calculated
    $3,321
    From this org
    $2,903
    From related orgs
    $0
    Other
    $418
    Hours/week
    1

  • Todd Gigstad

    TRUSTEE

    Total calculated
    $3,897
    From this org
    $3,000
    From related orgs
    $0
    Other
    $897
    Hours/week
    1

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

None.

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
30 April 2026
IRS schema version
2025v4.0
Source object
202611209349300801

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