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Nonprofiteer
← ROSEBUD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by ROSEBUD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$11,088,235
Total expenses
$11,088,235
Contributions and grants received
$0
Grants paid
$5,977
Program service revenue
$10,979,880
Investment income
$50,188
Other revenue
$58,167
Total assets, end of year
$31,381,504
Total liabilities, end of year
$21,862,601
Net assets or fund balances, end of year
$9,518,903
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 $10,771,673 · related or exempt $10,771,673

  • 2b · Program service revenue: CAPITAL CREDITS

    total $208,207 · related or exempt $208,207

  • 3 · Investment income

    total $66,791 · excluded $66,791

  • 7a · Gross sales of assets other than inventory

    other assets $2,000

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

    other assets $18,603

  • 7c · Gain or loss

    other assets -$16,603

  • 7d · Net gain or loss

    total -$16,603 · excluded -$16,603

  • 10a · Gross sales of inventory

    $61,426

  • 10b · Cost of goods sold

    $3,259

  • 10c · Net income from sales of inventory

    total $58,167 · related or exempt $58,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,977

  • 4 · Benefits paid to or for members

    total $833,222

  • 5 · Compensation of officers, directors and key employees

    total $284,636

  • 7 · Other salaries and wages

    total $1,891,046

  • 8 · Pension plan contributions

    total $389,366

  • 10 · Payroll taxes

    total $157,111

  • 20 · Interest

    total $702,160

  • 22 · Depreciation, depletion and amortization

    total $1,404,450

  • 24a · Other expenses: COST OF POWER

    total $4,383,684

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $1,208,858

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $540,582

  • 24d · Other expenses: TRANSMISSION EXPENSES

    total $250,218

  • 24e · All other expenses

    total -$963,075

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,718,676 · end of year $1,010,265

  • 4 · Accounts receivable

    beginning of year $99,601 · end of year $161,962

  • 8 · Inventories for sale or use

    beginning of year $1,315,524 · end of year $1,243,239

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,633 · end of year $117,890

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

    $46,054,355

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

    $20,552,958

  • 10c · Land, buildings and equipment, net

    beginning of year $25,068,088 · end of year $25,501,397

  • 12 · Investments: other securities

    beginning of year $342,103 · end of year $304,060

  • 13 · Investments: program-related

    beginning of year $2,739,895 · end of year $2,802,850

  • 15 · Other assets

    beginning of year $239,778 · end of year $239,841

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,165,050 · end of year $1,296,633

  • 23 · Secured mortgages and notes payable

    beginning of year $21,270,517 · end of year $20,421,300

  • 25 · Other liabilities

    beginning of year $266,793 · end of year $144,668

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,936,938 · end of year $9,518,903

Mission and programs · 2025

Mission

TO PROVIDE ELECTRICITY TO MEMBERS.

  • DURING 2025, THE COOPERATIVE SERVED 3,066 MEMBERS WITH 2,380 MILES OF LINES. IT ADDED 22.82 MILES OF LINE AND REMOVED 17.39 MILES OF LINE DURING THE YEAR.

As filed on the 2025 return.

Listed in Part VII

  • Leroy Littau

    PRESIDENT

    Total calculated
    $4,764
    From this org
    $4,764
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • William Ringstmeyer

    VICE-PRESIDENT

    Total calculated
    $6,861
    From this org
    $6,861
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • James Eastlund

    SECRETARY

    Total calculated
    $5,244
    From this org
    $5,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Dennis Purvis

    TREASURER

    Total calculated
    $6,254
    From this org
    $6,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Boyt Young

    DIRECTOR

    Total calculated
    $6,463
    From this org
    $6,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Robert Shaffer

    DIRECTOR

    Total calculated
    $4,991
    From this org
    $4,991
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • David Shipman

    DIRECTOR

    Total calculated
    $3,823
    From this org
    $3,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Richard Hartland

    DIRECTOR

    Total calculated
    $5,828
    From this org
    $5,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Michael Jacobsen

    DIRECTOR

    Total calculated
    $6,278
    From this org
    $6,278
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Kevin Mikkelsen

    GENERAL MANAGER

    Total calculated
    $256,278
    From this org
    $162,691
    From related orgs
    $0
    Other
    $93,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,691
    Bonus
    $0
    Other
    $0
    Deferred
    $61,022
    Nontaxable benefits
    $33,418
    Filer's total
    $257,131

  • Vic Warnke

    LINE SUPERINTENDENT

    Total calculated
    $179,697
    From this org
    $111,215
    From related orgs
    $0
    Other
    $68,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,215
    Bonus
    $0
    Other
    $0
    Deferred
    $33,517
    Nontaxable benefits
    $35,631
    Filer's total
    $180,363

  • Ryan Orel

    CREW FOREMAN

    Total calculated
    $159,704
    From this org
    $109,312
    From related orgs
    $0
    Other
    $50,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,312
    Bonus
    $0
    Other
    $0
    Deferred
    $17,827
    Nontaxable benefits
    $33,066
    Filer's total
    $160,205

  • Jamie Vanderwerff

    CREW FOREMAN

    Total calculated
    $150,506
    From this org
    $106,938
    From related orgs
    $0
    Other
    $43,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,938
    Bonus
    $0
    Other
    $0
    Deferred
    $11,003
    Nontaxable benefits
    $33,083
    Filer's total
    $151,024

  • Nolan Fortuna

    JOURNEYMAN LINEMAN

    Total calculated
    $134,211
    From this org
    $104,640
    From related orgs
    $0
    Other
    $29,571
    Hours/week
    40

  • Theodore Stevicks

    JOURNEYMAN LINEMAN

    Total calculated
    $149,705
    From this org
    $103,666
    From related orgs
    $0
    Other
    $46,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,666
    Bonus
    $0
    Other
    $0
    Deferred
    $13,474
    Nontaxable benefits
    $33,054
    Filer's total
    $150,194

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

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C
INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN MIKKELSEN $54,622 - VIC WARNKE $28,853 - RYAN OREL $14,208 - JAMIE VANDERWERFF $7,366 - THEODORE STEVICKS $9,918 ACTUAL EXPENSES ON THE BOOKS OF THE COOPERATIVE ARE AS FOLLOWS: - KEVIN MIKKELSEN $31,620 - VIC WARNKE $24,453 - RYAN OREL $18,455 - JAMIE VANDERWERFF $19,007 - THEODORE STEVICKS $18,126

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
29 April 2026
IRS schema version
2025v4.1
Source object
202621259349302007

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