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Nonprofiteer
← JACKSON ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by JACKSON ELECTRIC COOPERATIVE.

Totals

Total revenue
$25,112,932
Total expenses
$22,746,892
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,452,227
Investment income
$61,776
Other revenue
$598,929
Total assets, end of year
$50,894,200
Total liabilities, end of year
$28,025,352
Net assets or fund balances, end of year
$22,868,848
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 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: Electric Revenues

    total $23,757,512 · related or exempt $23,757,512 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Capital Credit Allocations

    total $694,715 · related or exempt $0 · unrelated business $0 · excluded $694,715

  • 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 $61,776 · related or exempt $0 · unrelated business $0 · excluded $61,776

  • 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 $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · 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

    $353,456

  • 10b · Cost of goods sold

    $292,243

  • 10c · Net income from sales of inventory

    total $61,213 · related or exempt $0 · unrelated business $10,720 · excluded $50,493

  • 11a · Other revenue: Miscellaneous Non-Operating

    total $537,716 · related or exempt $537,716 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · 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

    $537,716

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 $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $746,527 · program services $0 · 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 $363,331 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

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

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

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

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

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

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

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

  • 17 · Travel

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

  • 20 · Interest

    total $884,648 · program services $0 · 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 $1,893,370 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

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

  • 24a · Other expenses: Cost of purchased power

    total $14,853,102 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Distribution Maintenance

    total $1,323,737 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Distribution Operations

    total $1,171,027 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Customer Service

    total $420,156 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,090,994 · 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 $279,887 · end of year $219,300

  • 2 · Savings and temporary cash investments

    beginning of year $2,326,912 · end of year $3,015,673

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $908,641 · end of year $914,022

  • 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 $86,633 · end of year $59,066

  • 8 · Inventories for sale or use

    beginning of year $284,576 · end of year $343,936

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $54,447,693

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

    $22,299,987

  • 10c · Land, buildings and equipment, net

    beginning of year $31,742,222 · end of year $32,147,706

  • 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 $10,921,004 · end of year $11,408,755

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,890,129 · end of year $2,785,742

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,489,647 · end of year $1,777,407

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 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 $22,731,485 · end of year $23,119,957

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,323,629 · end of year $3,127,988

  • 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 $20,895,243 · end of year $22,868,848

Mission and programs · 2022

Mission

Distribution of electricity to rural parts of Jackson County and parts of 5 other counties in West Central Wisconsin.

  • Distribution of electricity to rural residents of six counties in west central Wisconsin

As filed on the 2022 return.

Listed in Part VII

  • Kevin Babcock

    CEO

    Total calculated
    $499,468
    From this org
    $243,905
    From related orgs
    $0
    Other
    $255,563
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $243,905
    Bonus
    $0
    Other
    $0
    Deferred
    $255,563
    Nontaxable benefits
    $0
    Filer's total
    $499,468

  • Eric Steien

    Line Superintendent

    Total calculated
    $161,471
    From this org
    $111,199
    From related orgs
    $0
    Other
    $50,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,199
    Bonus
    $0
    Other
    $0
    Deferred
    $50,272
    Nontaxable benefits
    $0
    Filer's total
    $161,471

  • Adam Wiedl

    Lineman

    Total calculated
    $118,547
    From this org
    $110,754
    From related orgs
    $0
    Other
    $7,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,754
    Bonus
    $0
    Other
    $0
    Deferred
    $7,793
    Nontaxable benefits
    $0
    Filer's total
    $118,547

  • Hazy Wood

    Lineman

    Total calculated
    $127,616
    From this org
    $106,794
    From related orgs
    $0
    Other
    $20,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,794
    Bonus
    $0
    Other
    $0
    Deferred
    $20,822
    Nontaxable benefits
    $0
    Filer's total
    $127,616

  • Brian Schultz

    Lineman

    Total calculated
    $133,815
    From this org
    $104,934
    From related orgs
    $0
    Other
    $28,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,934
    Bonus
    $0
    Other
    $0
    Deferred
    $28,881
    Nontaxable benefits
    $0
    Filer's total
    $133,815

  • Gary Woods

    Board President

    Total calculated
    $9,013
    From this org
    $9,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jerry Huber

    Director

    Total calculated
    $8,263
    From this org
    $8,263
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Peasley

    Board Secretary Treasurer

    Total calculated
    $8,013
    From this org
    $8,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Christopher Curran

    Board Vice President

    Total calculated
    $7,513
    From this org
    $7,513
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kristi Hanson

    Director

    Total calculated
    $7,513
    From this org
    $7,513
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brian Huber

    Director

    Total calculated
    $7,263
    From this org
    $7,263
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel Smrekar

    Director

    Total calculated
    $6,576
    From this org
    $6,576
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Leslie Dokkestul

    Director

    Total calculated
    $5,830
    From this org
    $5,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Troy Torkelson

    Director

    Total calculated
    $5,300
    From this org
    $5,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Stanley Gran

    Director

    Total calculated
    $1,952
    From this org
    $1,952
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jerome Wagner

    Director

    Total calculated
    $1,705
    From this org
    $1,705
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

  • Jackson Solar LLC

    Solar Installs · WI · income $10,720 · assets $43,224

    Directly controlled by Jackson Electric Cooperative

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313059349300501

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