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Nonprofiteer
← PIERCE-PEPIN COOPERATIVE SERVICES

Form 990 for tax year 2023

Filed by PIERCE-PEPIN COOPERATIVE SERVICES.

Totals

Total revenue
$20,181,702
Total expenses
$20,181,702
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,338,324
Investment income
$29,697
Other revenue
$813,681
Total assets, end of year
$86,756,684
Total liabilities, end of year
$62,410,552
Net assets or fund balances, end of year
$24,346,132
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: ELECTRICAL REVENUE

    total $18,620,005 · related or exempt $18,620,005

  • 2b · Program service revenue: CAPITAL CREDITS

    total $710,014 · related or exempt $710,014

  • 2c · Program service revenue: POLE RENTAL

    total $8,305 · excluded $8,305

  • 3 · Investment income

    total $29,697 · excluded $29,697

  • 11a · Other revenue: ACCESS FEE

    total $806,680 · unrelated business $806,680

  • 11b · Other revenue: MISC REVENUE/ASSET SALES

    total $7,001 · related or exempt $7,001

  • 11e · Other revenue, total

    $813,681

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $499,368

  • 5 · Compensation of officers, directors and key employees

    total $643,009

  • 20 · Interest

    total $1,334,927

  • 22 · Depreciation, depletion and amortization

    total $2,262,703

  • 24a · Other expenses: PURCHASED POWER

    total $10,083,043

  • 24b · Other expenses: ADMIN AND GENERAL

    total $1,667,674

  • 24c · Other expenses: OPERATIONS

    total $1,579,945

  • 24d · Other expenses: MAINTENANCE

    total $1,369,630

  • 24e · All other expenses

    total $741,403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $461,986 · end of year $276,372

  • 2 · Savings and temporary cash investments

    beginning of year $3,797 · end of year $5,926

  • 3 · Pledges and grants receivable

    end of year $11,100,000

  • 4 · Accounts receivable

    beginning of year $2,611,692 · end of year $2,255,817

  • 8 · Inventories for sale or use

    beginning of year $780,770 · end of year $896,383

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

    $90,387,728

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

    $28,378,544

  • 10c · Land, buildings and equipment, net

    beginning of year $50,884,728 · end of year $62,009,184

  • 13 · Investments: program-related

    beginning of year $8,833,703 · end of year $9,417,763

  • 15 · Other assets

    beginning of year $1,068,867 · end of year $795,239

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,093,718 · end of year $1,906,781

  • 23 · Secured mortgages and notes payable

    beginning of year $35,763,390 · end of year $58,513,519

  • 25 · Other liabilities

    beginning of year $2,377,276 · end of year $1,990,252

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $24,465,117 · end of year $24,251,872

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$53,958 · end of year $94,260

Mission and programs · 2023

Mission

TO PROVIDE ELECTRICITY TO MEMBERS AND TO CONSTRUCT AND MAINTAIN ELECTRIC DISTRIBUTIION LINES TO DELIVER ELECTRICITY TO MEMBERS.

Activities or mission (Part I)

COOPERATIVE ELECTRIC ULILITY SALES TO ITS MEMBERS.

  • PROVIDED ELECTRICAL DISTRIBUTION TO OUR 7,937 MEMBER OWNERS USING OUR 1,372 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN.

As filed on the 2023 return.

Listed in Part VII

  • Nathan Boettcher

    PRESIDENT/CE

    Total calculated
    $316,081
    From this org
    $227,011
    From related orgs
    $0
    Other
    $89,070
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $227,011
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,941
    Nontaxable benefits
    $41,129
    Filer's total
    $316,081

  • Mark Anderson

    VP/CFO

    Total calculated
    $227,985
    From this org
    $181,102
    From related orgs
    $0
    Other
    $46,883
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $129,408
    Bonus
    not reported
    Other
    $51,694
    Deferred
    $31,172
    Nontaxable benefits
    $15,711
    Filer's total
    $227,985

  • Bradley Ristow

    VP OPERATION

    Total calculated
    $198,104
    From this org
    $142,627
    From related orgs
    $0
    Other
    $55,477
    Hours/week
    52.5

    Schedule J breakdown matched by us

    Base
    $142,627
    Bonus
    not reported
    Other
    not reported
    Deferred
    $54,490
    Nontaxable benefits
    $987
    Filer's total
    $198,104

  • Daniel Jensen

    LINEMAN

    Total calculated
    $188,642
    From this org
    $120,467
    From related orgs
    $0
    Other
    $68,175
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $120,467
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,892
    Nontaxable benefits
    $41,283
    Filer's total
    $188,642

  • Scott Freier

    COO

    Total calculated
    $163,648
    From this org
    $149,820
    From related orgs
    $0
    Other
    $13,828
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $149,820
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,802
    Nontaxable benefits
    $1,026
    Filer's total
    $163,648

  • Joseph Marcks

    LINEMAN

    Total calculated
    $145,633
    From this org
    $118,839
    From related orgs
    $0
    Other
    $26,794
    Hours/week
    45

  • Austin Manore

    LINEMAN

    Total calculated
    $142,958
    From this org
    $117,584
    From related orgs
    $0
    Other
    $25,374
    Hours/week
    44

  • Roger Wiff

    CHAIRMAN

    Total calculated
    $15,400
    From this org
    $15,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.82

  • Ginny Huber

    SECRETARY/TR

    Total calculated
    $10,796
    From this org
    $10,796
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.85

  • Daniel J Reis

    DIRECTOR

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.79

  • Gerald Drier

    DIRECTOR

    Total calculated
    $9,280
    From this org
    $9,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.44

  • Brian Berg

    DIRECTOR

    Total calculated
    $9,200
    From this org
    $9,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.71

  • Edward Hass

    DIRECTOR

    Total calculated
    $8,600
    From this org
    $8,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.46

  • Brian S Bergseng

    VICE CHAIRMA

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.58

  • Ann Young

    DIRECTOR

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.94

  • John Parkes

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Joseph C Bacon

    DIRECTOR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
MARK ANDERSON 51,694 0 0

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • SWIFTCURRENT CONNECT INC

    C CORP · BROADBAND · WI · 100% owned · share of income $148,218 · share of assets $810,502

Provenance

Return type
form_990
Tax year
2023
Filed
7 June 2024
IRS schema version
2023v5.0
Source object
202421629349301207

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