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Nonprofiteer
← RENVILLE-SIBLEY COOPERATIVE POWER ASSOCIATION

Form 990 for tax year 2023

Filed by RENVILLE-SIBLEY COOPERATIVE POWER ASSOCIATION.

Totals

Total revenue
$17,249,467
Total expenses
$17,249,467
Contributions and grants received
$0
Grants paid
$17,996
Program service revenue
$15,895,247
Investment income
$213,283
Other revenue
$1,140,937
Total assets, end of year
$53,881,804
Total liabilities, end of year
$31,142,086
Net assets or fund balances, end of year
$22,739,718
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 $15,895,247 · related or exempt $15,895,247

  • 3 · Investment income

    total $213,283 · excluded $213,283

  • 11a · Other revenue: CAPITAL CREDITS

    total $1,143,931 · related or exempt $1,143,931

  • 11b · Other revenue: MESSENGER SECURITY

    total -$2,994 · unrelated business -$2,994

  • 11e · Other revenue, total

    $1,140,937

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,140

  • 2 · Grants to domestic individuals

    total $6,856

  • 4 · Benefits paid to or for members

    total $1,787,955

  • 5 · Compensation of officers, directors and key employees

    total $767,270

  • 20 · Interest

    total $748,867

  • 22 · Depreciation, depletion and amortization

    total $846,857

  • 24a · Other expenses: COST OF POWER

    total $10,941,226

  • 24b · Other expenses: DIST EXP - OPERATIONS

    total $715,038

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $632,122

  • 24d · Other expenses: CONSUMER ACCT EXPENSES

    total $427,833

  • 24e · All other expenses

    total $364,303

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,773,078 · end of year $3,011,755

  • 4 · Accounts receivable

    beginning of year $2,317,836 · end of year $1,958,348

  • 8 · Inventories for sale or use

    beginning of year $853,611 · end of year $1,290,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,562 · end of year $5,480

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

    $41,610,865

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

    $8,162,956

  • 10c · Land, buildings and equipment, net

    beginning of year $29,842,588 · end of year $33,447,909

  • 13 · Investments: program-related

    beginning of year $13,262,244 · end of year $14,167,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,708,892 · end of year $1,748,422

  • 19 · Deferred revenue

    beginning of year $2,481,573 · end of year $2,592,932

  • 23 · Secured mortgages and notes payable

    beginning of year $26,483,900 · end of year $26,660,355

  • 25 · Other liabilities

    beginning of year $154,827 · end of year $140,377

  • 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 $21,221,727 · end of year $22,739,718

Mission and programs · 2023

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

  • THE COOPERATIVE ENGAGES IN THE DISTRIBUTION AND SALE OF ELECTRICAL POWER TO ITS MEMBERS IN WESTERN MINNESOTA.

As filed on the 2023 return.

Listed in Part VII

  • Gary Eekhoff

    DIRECTOR

    Total calculated
    $7,963
    From this org
    $7,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Roger Manthei

    CHAIRMAN

    Total calculated
    $7,225
    From this org
    $7,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Gary Peterson

    DIRECTOR

    Total calculated
    $5,300
    From this org
    $5,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Helen Ruebel

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Kylie Rieke

    DIRECTOR (THROUGH SEPTEMBER 2023)

    Total calculated
    $4,690
    From this org
    $4,690
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Wayland Zaske

    SECRETARY/TREASURER

    Total calculated
    $4,375
    From this org
    $4,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Alan Hinderman

    VICE CHAIRMAN

    Total calculated
    $3,979
    From this org
    $3,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Alan Neyers

    DIRECTOR

    Total calculated
    $3,550
    From this org
    $3,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Jeff Boersma

    DIRECTOR (STARTED APRIL 2023)

    Total calculated
    $2,600
    From this org
    $2,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Vicky Firle

    DIRECTOR (STARTED OCTOBER 2023)

    Total calculated
    $1,425
    From this org
    $1,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Matthew Haubrich

    DIRECTOR (THROUGH MARCH 2023)

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Deeanne Norris

    CEO

    Total calculated
    $358,377
    From this org
    $233,776
    From related orgs
    $0
    Other
    $124,601
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $233,776
    Bonus
    $0
    Other
    $0
    Deferred
    $103,380
    Nontaxable benefits
    $21,222
    Filer's total
    $358,378

  • Gene Allex

    LINE SUPERINTENDENT

    Total calculated
    $170,097
    From this org
    $108,195
    From related orgs
    $0
    Other
    $61,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,195
    Bonus
    $0
    Other
    $0
    Deferred
    $40,681
    Nontaxable benefits
    $21,222
    Filer's total
    $170,098

  • Cindy Mertens

    ADMINISTRATIVE SERVICES

    Total calculated
    $133,259
    From this org
    $80,089
    From related orgs
    $0
    Other
    $53,170
    Hours/week
    45

  • Nick Bruns

    TECHNOLOGY MANAGER

    Total calculated
    $110,564
    From this org
    $75,216
    From related orgs
    $0
    Other
    $35,348
    Hours/week
    45

  • Bradley Braulick

    CREW CHIEF

    Total calculated
    $147,980
    From this org
    $107,338
    From related orgs
    $0
    Other
    $40,642
    Hours/week
    40.84

  • Shawn Beckler

    CREW CHIEF

    Total calculated
    $152,199
    From this org
    $105,749
    From related orgs
    $0
    Other
    $46,450
    Hours/week
    43.09

    Schedule J breakdown matched by us

    Base
    $105,749
    Bonus
    $0
    Other
    $0
    Deferred
    $25,341
    Nontaxable benefits
    $21,108
    Filer's total
    $152,198

  • Clint Olson

    JOURNEYMAN LINEMAN

    Total calculated
    $124,781
    From this org
    $105,728
    From related orgs
    $0
    Other
    $19,053
    Hours/week
    42.99

  • Mike Benson

    JOURNEYMAN LINEMAN

    Total calculated
    $136,302
    From this org
    $100,921
    From related orgs
    $0
    Other
    $35,381
    Hours/week
    43.13

  • Brayden Fischer

    JOURNEYMAN LINEMAN

    Total calculated
    $132,819
    From this org
    $100,667
    From related orgs
    $0
    Other
    $32,152
    Hours/week
    43.22

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 · 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

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202443139349301104

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