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Nonprofiteer
← CENTRAL WISCONSIN ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by CENTRAL WISCONSIN ELECTRIC COOPERATIVE.

Totals

Total revenue
$19,985,931
Total expenses
$19,839,082
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,336,326
Investment income
$214,070
Other revenue
$435,535
Total assets, end of year
$65,573,452
Total liabilities, end of year
$41,669,686
Net assets or fund balances, end of year
$23,903,766
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 $19,336,326 · related or exempt $19,336,326

  • 3 · Investment income

    total $214,070 · excluded $214,070

  • 6a · Gross rents

    real property $13,440

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,440

  • 6d · Net rental income or loss

    total $13,440 · excluded $13,440

  • 10a · Gross sales of inventory

    $8,301

  • 10b · Cost of goods sold

    $7,897

  • 10c · Net income from sales of inventory

    total $404 · unrelated business $404

  • 11a · Other revenue: CAPITAL CREDITS

    total $240,504 · related or exempt $240,504

  • 11b · Other revenue: ATC - REVENUE

    total $175,219 · related or exempt $175,219

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

    total $1,113 · unrelated business $1,113

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $421,691

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,598,136

  • 5 · Compensation of officers, directors and key employees

    total $437,080

  • 20 · Interest

    total $1,396,862

  • 22 · Depreciation, depletion and amortization

    total $1,766,377

  • 24a · Other expenses: COST OF POWER

    total $8,956,919

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $1,531,442

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $1,145,755

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $632,472

  • 24e · All other expenses

    total $1,374,039

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $768,200 · end of year $1,123,191

  • 4 · Accounts receivable

    beginning of year $2,488,067 · end of year $2,552,010

  • 7 · Other notes and loans receivable

    beginning of year $777,650 · end of year $595,058

  • 8 · Inventories for sale or use

    beginning of year $891,004 · end of year $849,175

  • 9 · Prepaid expenses and deferred charges

    beginning of year $345,289 · end of year $294,965

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

    $76,817,137

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

    $25,712,254

  • 10c · Land, buildings and equipment, net

    beginning of year $48,436,512 · end of year $51,104,883

  • 12 · Investments: other securities

    beginning of year $795,543 · end of year $785,968

  • 13 · Investments: program-related

    beginning of year $9,148,201 · end of year $8,268,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,284,683 · end of year $1,002,460

  • 19 · Deferred revenue

    beginning of year $260,520 · end of year $570,520

  • 23 · Secured mortgages and notes payable

    beginning of year $39,579,014 · end of year $38,822,807

  • 25 · Other liabilities

    beginning of year $1,189,195 · end of year $1,273,899

  • 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 $2,049,064 · end of year $805,808

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,287,990 · end of year $23,097,958

Mission and programs · 2023

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 100,579,706 KWH OF ELECTRICITY TO MEMBERS DURING 2023. 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 2023 return.

Listed in Part VII

  • Tom Smith

    CHAIRMAN

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.27

  • Louis Oppor

    VICE CHAIR

    Total calculated
    $13,100
    From this org
    $13,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.42

  • Allen Zander

    SECRETARY

    Total calculated
    $16,050
    From this org
    $16,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.53

  • Michael Schultz

    DIRECTOR

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.99

  • Lee Lehrer

    DIRECTOR

    Total calculated
    $11,850
    From this org
    $11,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

  • Ronald Onesti

    DIRECTOR

    Total calculated
    $12,950
    From this org
    $12,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.01

  • Sue Rombalski

    DIRECTOR

    Total calculated
    $12,950
    From this org
    $12,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.7

  • Lila A Malvik-Shower

    PRESIDENT/CEO

    Total calculated
    $228,408
    From this org
    $128,427
    From related orgs
    $0
    Other
    $99,981
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,427
    Bonus
    $0
    Other
    $0
    Deferred
    $64,488
    Nontaxable benefits
    $35,493
    Filer's total
    $228,408

  • Michael Wade

    PRESIDENT/CEO (THROUGH MARCH)

    Total calculated
    $114,971
    From this org
    $65,613
    From related orgs
    $0
    Other
    $49,358
    Hours/week
    50

  • Jarret Brow

    LINEMAN/JOURNEYMAN

    Total calculated
    $171,919
    From this org
    $117,685
    From related orgs
    $0
    Other
    $54,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,685
    Bonus
    $0
    Other
    $0
    Deferred
    $16,230
    Nontaxable benefits
    $38,004
    Filer's total
    $171,919

  • Kevin Kurzweil

    VP OF OPERATIONS & ENGINEE

    Total calculated
    $218,884
    From this org
    $129,323
    From related orgs
    $0
    Other
    $89,561
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $129,323
    Bonus
    $0
    Other
    $0
    Deferred
    $68,714
    Nontaxable benefits
    $20,847
    Filer's total
    $218,884

  • Chris Tuszke

    LINEMAN

    Total calculated
    $202,336
    From this org
    $113,036
    From related orgs
    $0
    Other
    $89,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,036
    Bonus
    $0
    Other
    $0
    Deferred
    $50,972
    Nontaxable benefits
    $38,328
    Filer's total
    $202,336

  • Wyatt Phillips

    LINEMAN/JOURNEYMAN

    Total calculated
    $163,111
    From this org
    $113,837
    From related orgs
    $0
    Other
    $49,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,837
    Bonus
    $0
    Other
    $0
    Deferred
    $19,847
    Nontaxable benefits
    $29,427
    Filer's total
    $163,111

  • Dennis Magee

    ASSISTANT OPERATIONS MANAGER

    Total calculated
    $199,773
    From this org
    $103,910
    From related orgs
    $0
    Other
    $95,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,910
    Bonus
    $0
    Other
    $0
    Deferred
    $62,880
    Nontaxable benefits
    $32,983
    Filer's total
    $199,773

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 $4,856 · assets $100,772

    Directly controlled by CENTRAL WISCONSIN ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202432769349301458

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