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Nonprofiteer
← EAU CLAIRE ENERGY COOPERATIVE

Form 990 for tax year 2022

Filed by EAU CLAIRE ENERGY COOPERATIVE.

Totals

Total revenue
$28,561,228
Total expenses
$28,526,367
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,473,550
Investment income
$82,241
Other revenue
$5,437
Total assets, end of year
$78,760,711
Total liabilities, end of year
$47,216,248
Net assets or fund balances, end of year
$31,544,463
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$28,526,367

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 $27,456,103 · related or exempt $27,456,103

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,017,447 · related or exempt $1,017,447

  • 3 · Investment income

    total $34,861 · related or exempt $34,861

  • 7a · Gross sales of assets other than inventory

    other assets $58,176

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

    other assets $10,796

  • 7c · Gain or loss

    other assets $47,380

  • 7d · Net gain or loss

    total $47,380

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $64,127

  • 10b · Cost of goods sold

    $80,869

  • 10c · Net income from sales of inventory

    total -$16,742 · related or exempt -$16,742

  • 11a · Other revenue: SHARED SERVICES

    total $22,179 · related or exempt $22,179

  • 11e · Other revenue, total

    $22,179

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,102,878

  • 5 · Compensation of officers, directors and key employees

    total $601,330

  • 20 · Interest

    total $1,406,433

  • 22 · Depreciation, depletion and amortization

    total $2,339,240

  • 24a · Other expenses: COST OF POWER

    total $17,187,312

  • 24b · Other expenses: OPERATION & MAINTENANCE

    total $2,747,509

  • 24c · Other expenses: CONSUMER

    total $927,404

  • 24d · Other expenses: ADMIN & GENERAL

    total $883,546

  • 24e · All other expenses

    total $330,715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,418 · end of year $871,916

  • 2 · Savings and temporary cash investments

    beginning of year $338,731 · end of year $14,612

  • 4 · Accounts receivable

    beginning of year $2,149,726 · end of year $2,381,356

  • 7 · Other notes and loans receivable

    beginning of year $5,794 · end of year $1,528

  • 8 · Inventories for sale or use

    beginning of year $700,885 · end of year $758,016

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,521,764 · end of year $1,720,749

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

    $84,156,307

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

    $25,576,711

  • 10c · Land, buildings and equipment, net

    beginning of year $51,666,384 · end of year $58,579,596

  • 13 · Investments: program-related

    beginning of year $14,036,377 · end of year $14,432,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,106,946 · end of year $3,753,242

  • 23 · Secured mortgages and notes payable

    beginning of year $33,127,457 · end of year $39,713,179

  • 25 · Other liabilities

    beginning of year $4,086,528 · end of year $3,749,827

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,403,148 · end of year $31,544,463

Mission and programs · 2022

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 12155 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: $17,187,312 OPERATIONS AND MAINTENANCE: $2,747,509 DEPRECIATION AND AMORTIZATION: $2,339,240

    Expenses $28,526,367

As filed on the 2022 return.

Listed in Part VII

  • Clarence L Boettcher

    CHAIR

    Total calculated
    $10,256
    From this org
    $10,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $10,256
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,256

  • Andrew H Bourget

    VICECHAIR

    Total calculated
    $12,806
    From this org
    $12,806
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

    Schedule J breakdown matched by us

    Base
    $12,806
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,806

  • Judith Anibas

    SECRETARYTREASURER

    Total calculated
    $13,356
    From this org
    $13,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

    Schedule J breakdown matched by us

    Base
    $13,356
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,356

  • Joseph L Becker

    DIRECTOR

    Total calculated
    $10,256
    From this org
    $10,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

    Schedule J breakdown matched by us

    Base
    $10,256
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,256

  • Jeffrey Frieburg

    DIRECTOR

    Total calculated
    $10,706
    From this org
    $10,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $10,706
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,706

  • Michael J Golat

    DIRECTOR

    Total calculated
    $13,956
    From this org
    $13,956
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

    Schedule J breakdown matched by us

    Base
    $13,956
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,956

  • Frank J Neibauer

    DIRECTOR

    Total calculated
    $12,006
    From this org
    $12,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

    Schedule J breakdown matched by us

    Base
    $12,006
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,006

  • Michael J Schummer

    DIRECTOR

    Total calculated
    $3,205
    From this org
    $3,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $3,205
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,205

  • Thomas W Schwartz

    DIRECTOR

    Total calculated
    $12,004
    From this org
    $12,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

    Schedule J breakdown matched by us

    Base
    $12,004
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,004

  • Curt Williams

    DIRECTOR

    Total calculated
    $5,254
    From this org
    $5,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $5,254
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $5,254

  • Lynn E Thompson

    CEO

    Total calculated
    $108,241
    From this org
    $104,942
    From related orgs
    $0
    Other
    $3,299
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $104,942
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,299
    Nontaxable benefits
    $8,467
    Filer's total
    $116,708

  • Monica C Obrycki

    CEO

    Total calculated
    $151,172
    From this org
    $121,759
    From related orgs
    $0
    Other
    $29,413
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $121,759
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,413
    Nontaxable benefits
    $22,784
    Filer's total
    $173,956

  • Dody M Wubker

    CFO

    Total calculated
    $180,436
    From this org
    $128,951
    From related orgs
    $0
    Other
    $51,485
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $128,951
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,485
    Nontaxable benefits
    $22,980
    Filer's total
    $203,416

  • Jenifer L Thorpe

    CORPORATE SECRETARY

    Total calculated
    $57,675
    From this org
    $49,496
    From related orgs
    $0
    Other
    $8,179
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $49,496
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,179
    Nontaxable benefits
    $10,730
    Filer's total
    $68,405

  • Patrick L Bethke

    OPERATIONS MANAGER

    Total calculated
    $184,818
    From this org
    $117,305
    From related orgs
    $0
    Other
    $67,513
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $117,305
    Bonus
    not reported
    Other
    not reported
    Deferred
    $67,513
    Nontaxable benefits
    $22,912
    Filer's total
    $207,730

  • Robert A Henrichs

    LINE PERSONNEL

    Total calculated
    $117,775
    From this org
    $116,186
    From related orgs
    $0
    Other
    $1,589
    Hours/week
    44.7

    Schedule J breakdown matched by us

    Base
    $116,186
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,589
    Nontaxable benefits
    $442
    Filer's total
    $118,217

  • Beau D Blade

    LINE PERSONNEL

    Total calculated
    $162,812
    From this org
    $110,857
    From related orgs
    $0
    Other
    $51,955
    Hours/week
    45.7

    Schedule J breakdown matched by us

    Base
    $110,857
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,955
    Nontaxable benefits
    $22,816
    Filer's total
    $185,628

  • Milton Schmidt

    LINE PERSONNEL

    Total calculated
    $139,142
    From this org
    $107,937
    From related orgs
    $0
    Other
    $31,205
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $107,937
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,205
    Nontaxable benefits
    $22,816
    Filer's total
    $161,958

  • Richard E Lapointe

    LINE PERSONNEL

    Total calculated
    $108,520
    From this org
    $106,909
    From related orgs
    $0
    Other
    $1,611
    Hours/week
    44.9

    Schedule J breakdown matched by us

    Base
    $106,909
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,611
    Nontaxable benefits
    $22,816
    Filer's total
    $131,336

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 · share of income $828 · share of assets $760,605

    Directly controlled by Eau Claire Energy Coop

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202313069349300041

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