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Nonprofiteer
← ST CROIX ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by ST CROIX ELECTRIC COOPERATIVE.

Totals

Total revenue
$27,514,870
Total expenses
$27,514,870
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,279,908
Investment income
$93,788
Other revenue
$141,174
Total assets, end of year
$65,795,894
Total liabilities, end of year
$35,823,937
Net assets or fund balances, end of year
$29,971,957
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: ELECTRICITY SALES

    total $25,942,635 · related or exempt $25,942,635

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,028,549 · related or exempt $1,028,549

  • 2c · Program service revenue: OTHER ELECTRICAL INCOME

    total $299,783 · related or exempt $299,783

  • 2d · Program service revenue: POLE RENTAL

    total $8,941 · excluded $8,941

  • 3 · Investment income

    total $78,460 · excluded $78,460

  • 6a · Gross rents

    real property $28,972

  • 6c · Rental income or loss

    real property $28,972

  • 6d · Net rental income or loss

    total $28,972 · excluded $28,972

  • 7a · Gross sales of assets other than inventory

    securities $15,441

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

    securities $113

  • 7c · Gain or loss

    securities $15,328

  • 7d · Net gain or loss

    total $15,328 · related or exempt $15,328

  • 11a · Other revenue: OTHER INCOME

    total $71,692 · related or exempt $71,692

  • 11b · Other revenue: FIRST CALL PHONE LEASE

    total $30,382 · unrelated business $30,382

  • 11c · Other revenue: FIRST CALL PHONE LEASE

    total $10,128 · related or exempt $10,128

  • 11e · Other revenue, total

    $112,202

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,811,197

  • 5 · Compensation of officers, directors and key employees

    total $556,428

  • 20 · Interest

    total $1,044,054

  • 22 · Depreciation, depletion and amortization

    total $2,113,824

  • 24a · Other expenses: PURCHASED POWER

    total $16,769,367

  • 24b · Other expenses: PLANT OPERATIONS

    total $2,941,208

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,752,961

  • 24d · Other expenses: CUSTOMER ACCOUNT EXPENSES

    total $310,423

  • 24e · All other expenses

    total $215,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $542,420 · end of year $595,125

  • 2 · Savings and temporary cash investments

    beginning of year $33,016 · end of year $8,654

  • 4 · Accounts receivable

    beginning of year $2,458,700 · end of year $2,773,954

  • 7 · Other notes and loans receivable

    beginning of year $272,275 · end of year $17,392

  • 8 · Inventories for sale or use

    beginning of year $937,221 · end of year $1,385,117

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,619 · end of year $192,385

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

    $74,967,517

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

    $28,621,768

  • 10c · Land, buildings and equipment, net

    beginning of year $43,686,571 · end of year $46,345,749

  • 13 · Investments: program-related

    beginning of year $13,692,414 · end of year $14,378,491

  • 15 · Other assets

    beginning of year $90,135 · end of year $99,027

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,154,080 · end of year $2,638,928

  • 23 · Secured mortgages and notes payable

    beginning of year $29,425,298 · end of year $32,023,355

  • 25 · Other liabilities

    beginning of year $1,258,866 · end of year $1,161,654

  • 29 · Capital stock, trust principal or current funds

    beginning of year $54,005 · end of year $54,990

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

    beginning of year $27,475,095 · end of year $28,337,812

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,544,027 · end of year $1,579,155

Mission and programs · 2024

Mission

DISTRIBUTE ELECTRIC ENERGY

  • THE COOPERATIVE PROVIDES RURAL ELECTRICAL SERVICE TO 12,027 CONSUMERS.

As filed on the 2024 return.

Listed in Part VII

  • Robert Dooley

    PRESIDENT/CE

    Total calculated
    $410,836
    From this org
    $238,709
    From related orgs
    $0
    Other
    $172,127
    Hours/week
    44.27

    Schedule J breakdown matched by us

    Base
    $223,709
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $137,252
    Nontaxable benefits
    $34,875
    Filer's total
    $410,836

  • Shawn Rasmuson

    OPERATIONS M

    Total calculated
    $215,188
    From this org
    $121,373
    From related orgs
    $0
    Other
    $93,815
    Hours/week
    44.17

    Schedule J breakdown matched by us

    Base
    $119,373
    Bonus
    $2,000
    Other
    not reported
    Deferred
    $60,648
    Nontaxable benefits
    $33,167
    Filer's total
    $215,188

  • Kenneth Buhr

    LINEMAN

    Total calculated
    $178,623
    From this org
    $130,195
    From related orgs
    $0
    Other
    $48,428
    Hours/week
    46.48

    Schedule J breakdown matched by us

    Base
    $130,195
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,677
    Nontaxable benefits
    $29,751
    Filer's total
    $178,623

  • Kristine McNamara

    FINANCE MANA

    Total calculated
    $172,305
    From this org
    $118,496
    From related orgs
    $0
    Other
    $53,809
    Hours/week
    44.76

    Schedule J breakdown matched by us

    Base
    $115,996
    Bonus
    $2,500
    Other
    not reported
    Deferred
    $19,302
    Nontaxable benefits
    $34,507
    Filer's total
    $172,305

  • Keith Bauer

    LINEMAN

    Total calculated
    $169,414
    From this org
    $119,561
    From related orgs
    $0
    Other
    $49,853
    Hours/week
    46.09

    Schedule J breakdown matched by us

    Base
    $119,561
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,202
    Nontaxable benefits
    $32,651
    Filer's total
    $169,414

  • Nathan Scheithauer

    LINEMAN

    Total calculated
    $157,432
    From this org
    $116,963
    From related orgs
    $0
    Other
    $40,469
    Hours/week
    45.12

    Schedule J breakdown matched by us

    Base
    $116,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,718
    Nontaxable benefits
    $29,751
    Filer's total
    $157,432

  • Kyle Levra

    LINEMAN

    Total calculated
    $149,683
    From this org
    $128,019
    From related orgs
    $0
    Other
    $21,664
    Hours/week
    46.41

  • David Kaczmarski

    LINEMAN

    Total calculated
    $133,537
    From this org
    $123,016
    From related orgs
    $0
    Other
    $10,521
    Hours/week
    43.96

  • Paul Nyhus

    CHAIRMAN

    Total calculated
    $12,350
    From this org
    $12,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.47

  • Alan Wilkie

    DIRECTOR

    Total calculated
    $11,025
    From this org
    $11,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Douglas Faber

    SECRETARY/TR

    Total calculated
    $10,475
    From this org
    $10,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.05

  • John Collins

    SECRETARY/TR

    Total calculated
    $8,175
    From this org
    $8,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.95

  • Christopher Evans

    DIRECTOR

    Total calculated
    $8,050
    From this org
    $8,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.23

  • Neil Plourde

    DIRECTOR

    Total calculated
    $7,650
    From this org
    $7,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.21

  • William Peavey

    VICE CHAIR

    Total calculated
    $7,025
    From this org
    $7,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.19

  • Francis Klatt

    DIRECTOR

    Total calculated
    $6,775
    From this org
    $6,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.73

  • Lawrence Hall

    DIRECTOR

    Total calculated
    $6,375
    From this org
    $6,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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.

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.

  • ST CROIX SERVICES INC

    C CORP · INTERNET · WI · 100% owned · share of income $6,058 · share of assets $428,416

    Directly controlled by ST CROIX

  • ST CROIX SOLAR LLC

    C CORP · GENERATION · WI · 100% owned · share of income $5,683 · share of assets $100,478

    Directly controlled by ST CROIX ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2024
Filed
2 May 2025
IRS schema version
2024v5.0
Source object
202511259349302261

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