Totals
- Total revenue
- $33,622,237
- Total expenses
- $33,154,142
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $29,656,657
- Investment income
- $98,163
- Other revenue
- $3,867,417
- Total assets, end of year
- $72,702,398
- Total liabilities, end of year
- $35,775,280
- Net assets or fund balances, end of year
- $36,927,118
- 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 $29,639,824 · related or exempt $29,639,824
-
2b · Program service revenue: METER TECH
total $16,833 · related or exempt $16,833
-
3 · Investment income
total $89,663 · excluded $89,663
-
6a · Gross rents
real property $1,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,000
-
6d · Net rental income or loss
total $1,000 · excluded $1,000
-
7a · Gross sales of assets other than inventory
other assets $22,500
-
7b · Less cost or other basis and sales expenses
other assets $14,000
-
7c · Gain or loss
other assets $8,500
-
7d · Net gain or loss
total $8,500 · excluded $8,500
-
10a · Gross sales of inventory
$149,058
-
10b · Cost of goods sold
$134,436
-
10c · Net income from sales of inventory
total $14,622 · unrelated business $9,152 · excluded $5,470
-
11a · Other revenue: CAPITAL CREDITS
total $3,855,850 · related or exempt $3,855,850
-
11b · Other revenue: NEW HORIZONS K-1
total $21,379 · unrelated business $21,379
-
11c · Other revenue: PRAIRIE ENERGY DEVELOPMENT K-1
total -$767 · unrelated business -$767
-
11d · All other revenue
total -$24,667 · related or exempt -$24,667
-
11e · Other revenue, total
$3,851,795
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,993,687
-
5 · Compensation of officers, directors and key employees
total $373,322
-
7 · Other salaries and wages
total $1,027,709
-
8 · Pension plan contributions
total $89,455
-
9 · Other employee benefits
total $473,048
-
10 · Payroll taxes
total $415,306
-
20 · Interest
total $765,702
-
22 · Depreciation, depletion and amortization
total $1,875,504
-
24a · Other expenses: COST OF POWER
total $22,891,044
-
24b · Other expenses: DISTRIBUTION EXPENSE -
total $493,136
-
24c · Other expenses: DISTRIBUTION EXPENSE -
total $472,774
-
24d · Other expenses: ADMINISTRATIVE & GENERA
total $348,208
-
24e · All other expenses
total -$64,753
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,854,521 · end of year $662,879
-
2 · Savings and temporary cash investments
beginning of year $682,976 · end of year $1,486,139
-
4 · Accounts receivable
beginning of year $2,724,559 · end of year $2,483,714
-
8 · Inventories for sale or use
beginning of year $930,179 · end of year $998,235
-
9 · Prepaid expenses and deferred charges
beginning of year $335,538 · end of year $430,824
-
10a · Land, buildings and equipment: cost or other basis
$61,522,644
-
10b · Land, buildings and equipment: accumulated depreciation
$20,091,444
-
10c · Land, buildings and equipment, net
beginning of year $39,691,198 · end of year $41,431,200
-
12 · Investments: other securities
beginning of year $621,604 · end of year $495,234
-
13 · Investments: program-related
beginning of year $19,461,325 · end of year $24,707,157
-
15 · Other assets
beginning of year $7,513 · end of year $7,016
-
17 · Accounts payable and accrued expenses
beginning of year $3,065,621 · end of year $2,736,845
-
19 · Deferred revenue
beginning of year $468,026 · end of year $1,147,526
-
23 · Secured mortgages and notes payable
beginning of year $30,782,422 · end of year $31,851,568
-
25 · Other liabilities
beginning of year $36,558 · end of year $39,341
-
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 $33,956,786 · end of year $36,927,118
Mission and programs · 2022
Mission
TO PROVIDE LEADERSHIP, SOLUTIONS AND SERVICE TO ENRICH QUALITY OF LIFE IN OUR COMMUNITY.
Activities or mission (Part I)
TO PROVIDE ELECTRIC POWER TO THE COOPERATIVE'S MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF IOWA.
-
PROVISION OF ELECTRIC POWER TO MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF IOWA.
As filed on the 2022 return.
Listed in Part VII
-
Marion DengerMARION DENGER
PRESIDENT
- Total calculated
- $9,900
- From this org
- $9,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.5
-
Joshua AmonsonJOSHUA AMONSON
VICE PRESIDENT
- Total calculated
- $8,400
- From this org
- $8,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.5
-
Donald ChristophersonDONALD CHRISTOPHERSON
SECRETARY/TREASURER
- Total calculated
- $11,100
- From this org
- $11,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.6
-
Allyn WaddinghamALLYN WADDINGHAM
ASSISTANT SECRETARY/TREASURER
- Total calculated
- $9,600
- From this org
- $9,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.2
-
Ryan EekhoffRYAN EEKHOFF
DIRECTOR
- Total calculated
- $9,300
- From this org
- $9,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.2
-
Ted HallTED HALL
DIRECTOR
- Total calculated
- $7,200
- From this org
- $7,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Scott HastySCOTT HASTY
DIRECTOR
- Total calculated
- $10,800
- From this org
- $10,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Tim MarienauTIM MARIENAU
CHIEF EXECUTIVE OFFICER
- Total calculated
- $188,085
- From this org
- $132,910
- From related orgs
- $0
- Other
- $55,175
- Hours/week
- 46
Schedule J breakdown matched by us
- Base
- $125,710
- Bonus
- $0
- Other
- $7,200
- Deferred
- $33,490
- Nontaxable benefits
- $21,685
- Filer's total
- $188,085
-
Lori DemuthLORI DEMUTH
FINANCE MANAGER
- Total calculated
- $118,937
- From this org
- $88,764
- From related orgs
- $0
- Other
- $30,173
- Hours/week
- 43
-
Ken NoremKEN NOREM
DIR. OPERATIONS & ENGINEER
- Total calculated
- $207,541
- From this org
- $125,904
- From related orgs
- $0
- Other
- $81,637
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $98,904
- Bonus
- $0
- Other
- $27,000
- Deferred
- $74,031
- Nontaxable benefits
- $7,606
- Filer's total
- $207,541
-
Todd FossTODD FOSS
MANAGER OF BUSINESS & COMMUNITY DEVELOPMENT
- Total calculated
- $192,249
- From this org
- $106,076
- From related orgs
- $0
- Other
- $86,173
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $98,276
- Bonus
- $0
- Other
- $7,800
- Deferred
- $78,170
- Nontaxable benefits
- $8,003
- Filer's total
- $192,249
-
Weston HeldWESTON HELD
LINEMAN
- Total calculated
- $125,820
- From this org
- $105,925
- From related orgs
- $0
- Other
- $19,895
- Hours/week
- 44
-
Timothy SlaichertTIMOTHY SLAICHERT
ASSISTANT OPERATIONS COORDINATOR
- Total calculated
- $156,046
- From this org
- $103,702
- From related orgs
- $0
- Other
- $52,344
- Hours/week
- 44
Schedule J breakdown matched by us
- Base
- $99,032
- Bonus
- $0
- Other
- $4,670
- Deferred
- $34,183
- Nontaxable benefits
- $18,161
- Filer's total
- $156,046
-
Hunter VenzHUNTER VENZ
LEAD LINEMAN
- Total calculated
- $120,216
- From this org
- $100,439
- From related orgs
- $0
- Other
- $19,777
- Hours/week
- 43
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 · 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
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PRAIRIE ENERGY DEVELOPMENT LLC
LAND DEVELOPMENT · IA · 50% owned · share of income -$25,609 · share of assets $407,885
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342559349301309
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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