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Nonprofiteer
← EAU CLAIRE ENERGY COOPERATIVE

Form 990 for tax year 2023

Filed by EAU CLAIRE ENERGY COOPERATIVE.

Totals

Total revenue
$28,972,086
Total expenses
$28,928,984
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,905,839
Investment income
$40,943
Other revenue
$25,304
Total assets, end of year
$78,718,660
Total liabilities, end of year
$46,424,326
Net assets or fund balances, end of year
$32,294,334
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$28,928,984

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 SALES

    total $27,854,973 · related or exempt $27,854,973

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,050,866 · related or exempt $1,050,866

  • 3 · Investment income

    total $43,102 · related or exempt $43,102

  • 7a · Gross sales of assets other than inventory

    other assets $14,632

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

    other assets $16,791

  • 7c · Gain or loss

    other assets -$2,159

  • 7d · Net gain or loss

    total -$2,159

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $46,920

  • 10b · Cost of goods sold

    $61,689

  • 10c · Net income from sales of inventory

    total -$14,769

  • 11a · Other revenue: SHARED SERVICES

    total $40,073 · related or exempt $40,073

  • 11e · Other revenue, total

    $40,073

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,797,375

  • 5 · Compensation of officers, directors and key employees

    total $535,056

  • 20 · Interest

    total $1,602,495

  • 22 · Depreciation, depletion and amortization

    total $2,562,324

  • 24a · Other expenses: COST OF POWER

    total $17,282,132

  • 24b · Other expenses: OPERATION AND MAINTENANCE

    total $2,921,051

  • 24c · Other expenses: CONSUMER EXPENSE

    total $1,001,194

  • 24d · Other expenses: ADMIN AND GENERAL

    total $863,405

  • 24e · All other expenses

    total $363,952

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $871,916 · end of year $199,312

  • 2 · Savings and temporary cash investments

    beginning of year $14,612 · end of year $6,388

  • 4 · Accounts receivable

    beginning of year $2,381,356 · end of year $2,432,202

  • 7 · Other notes and loans receivable

    beginning of year $1,528 · end of year $1,961

  • 8 · Inventories for sale or use

    beginning of year $758,016 · end of year $796,436

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,720,749 · end of year $1,503,398

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

    $86,110,017

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

    $27,472,461

  • 10c · Land, buildings and equipment, net

    beginning of year $58,579,596 · end of year $58,637,556

  • 13 · Investments: program-related

    beginning of year $14,432,938 · end of year $15,141,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,753,242 · end of year $4,102,854

  • 23 · Secured mortgages and notes payable

    beginning of year $39,713,179 · end of year $39,028,185

  • 25 · Other liabilities

    beginning of year $3,749,827 · end of year $3,293,287

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,544,463 · end of year $32,294,334

Mission and programs · 2023

Mission

PROVIDING DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES IN A MANNER THAT IS CONSIDERED EXCELLENT AND OF HIGH VALUE TO THE MEMBERSHIP THAT OWNS THE COOPERATIVE

Activities or mission (Part I)

TO PROVIDE DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES TO ITS 12462 MEMBER OWNERS

  • PROVIDING DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES IN A MANNER THAT IS CONSIDERED EXCELLENT AND OF HIGH VALUE TO THE MEMBERSHIP THAT OWNS THE COOPERATIVE THE THREE LARGEST MEASURED PROGRAM SERVICE EXPENSES ARE AS FOLLOWS: COST OF POWER: $17,282,132 OPERATIONS AND MAINTENANCE: $2,921,051 DEPRECIATION AND AMORTIZATION: $2,562,324

    Expenses $28,928,984

As filed on the 2023 return.

Listed in Part VII

  • Clarence L Boettcher

    CHAIR

    Total calculated
    $7,656
    From this org
    $7,656
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $7,656
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,656

  • Andrew H Bourget

    VICECHAIR

    Total calculated
    $14,606
    From this org
    $14,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.3

    Schedule J breakdown matched by us

    Base
    $14,606
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $14,606

  • Judith Anibas

    SECRETARYTREASURER

    Total calculated
    $14,256
    From this org
    $14,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.8

    Schedule J breakdown matched by us

    Base
    $14,256
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $14,256

  • Joseph L Becker

    DIRECTOR

    Total calculated
    $10,056
    From this org
    $10,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $10,056
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,056

  • Jeffrey Frieburg

    DIRECTOR

    Total calculated
    $8,406
    From this org
    $8,406
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

    Schedule J breakdown matched by us

    Base
    $8,406
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $8,406

  • Michael J Golat

    DIRECTOR

    Total calculated
    $10,306
    From this org
    $10,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

    Schedule J breakdown matched by us

    Base
    $10,306
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,306

  • Frank J Neibauer

    DIRECTOR

    Total calculated
    $11,606
    From this org
    $11,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $11,606
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $11,606

  • Thomas W Schwartz

    DIRECTOR

    Total calculated
    $10,654
    From this org
    $10,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

    Schedule J breakdown matched by us

    Base
    $10,654
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,654

  • Curt Williams

    DIRECTOR

    Total calculated
    $5,606
    From this org
    $5,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

    Schedule J breakdown matched by us

    Base
    $5,606
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $5,606

  • Monica C Obrycki

    CEO

    Total calculated
    $198,722
    From this org
    $161,159
    From related orgs
    $0
    Other
    $37,563
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $161,159
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,563
    Nontaxable benefits
    $23,703
    Filer's total
    $222,425

  • Dody M Wubker

    CFO

    Total calculated
    $64,269
    From this org
    $50,466
    From related orgs
    $0
    Other
    $13,803
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $50,466
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,803
    Nontaxable benefits
    $2,631
    Filer's total
    $66,900

  • Jenifer L Thorpe

    CORPORATE SECRETARY

    Total calculated
    $60,569
    From this org
    $54,834
    From related orgs
    $0
    Other
    $5,735
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $54,834
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,735
    Nontaxable benefits
    $10,988
    Filer's total
    $71,557

  • Patrick L Bethke

    OPERATIONS MANAGER

    Total calculated
    $175,172
    From this org
    $126,078
    From related orgs
    $0
    Other
    $49,094
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $126,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,094
    Nontaxable benefits
    $12,041
    Filer's total
    $187,213

  • Kyle R Rasmussen

    CFO

    Total calculated
    $118,345
    From this org
    $113,982
    From related orgs
    $0
    Other
    $4,363
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $113,982
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,363
    Nontaxable benefits
    $507
    Filer's total
    $118,852

  • Josh J Vaningan

    LINE SUPERINTENDENT

    Total calculated
    $156,376
    From this org
    $111,317
    From related orgs
    $0
    Other
    $45,059
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $111,317
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,059
    Nontaxable benefits
    $23,451
    Filer's total
    $179,827

  • Robert J Weber

    TECHNOLOGY MANAGER

    Total calculated
    $138,720
    From this org
    $110,495
    From related orgs
    $0
    Other
    $28,225
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $110,495
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,225
    Nontaxable benefits
    $23,455
    Filer's total
    $162,175

  • Ben H Krambeer

    ENGINEER

    Total calculated
    $118,950
    From this org
    $109,822
    From related orgs
    $0
    Other
    $9,128
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $109,822
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,128
    Nontaxable benefits
    $10,405
    Filer's total
    $129,355

  • Alex J Glomski

    LINE PERSONNEL

    Total calculated
    $116,267
    From this org
    $109,665
    From related orgs
    $0
    Other
    $6,602
    Hours/week
    45.2

    Schedule J breakdown matched by us

    Base
    $109,665
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,602
    Nontaxable benefits
    $23,390
    Filer's total
    $139,657

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

  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 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.

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.

  • Elco Park Energy LLC

    C Corp · Investment Organization · WI · 100% owned · share of income $854 · share of assets $759,800

    Directly controlled by Eau Claire Energy Coop

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202402489349300535

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