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Nonprofiteer
← ADAMS-COLUMBIA ELECTRIC CO-OP

Form 990 for tax year 2024

Filed by ADAMS-COLUMBIA ELECTRIC CO-OP.

Totals

Total revenue
$85,047,672
Total expenses
$84,830,624
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$81,622,903
Investment income
$1,972,178
Other revenue
$1,452,591
Total assets, end of year
$261,819,626
Total liabilities, end of year
$146,279,519
Net assets or fund balances, end of year
$115,540,107
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: ELECTRIC REVENUES

    total $80,767,467 · related or exempt $80,767,467

  • 2b · Program service revenue: CAPITAL CREDITS AND POLE RENT

    total $855,436 · excluded $855,436

  • 3 · Investment income

    total $363,774 · excluded $363,774

  • 7a · Gross sales of assets other than inventory

    other assets $5,936,425

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

    other assets $4,328,021

  • 7c · Gain or loss

    other assets $1,608,404

  • 7d · Net gain or loss

    total $1,608,404 · related or exempt $1,608,404

  • 10a · Gross sales of inventory

    $39,427

  • 10c · Net income from sales of inventory

    total $39,427 · unrelated business $39,427

  • 11a · Other revenue: ATC ALLOCATION

    total $1,365,055 · excluded $1,365,055

  • 11b · Other revenue: IRP AND ECONOMIC DEVELOPMENT

    total $48,454 · excluded $48,454

  • 11c · Other revenue: MIDWISCONSIN DBS, LLC

    total -$345 · unrelated business -$345

  • 11e · Other revenue, total

    $1,413,164

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,747,153

  • 5 · Compensation of officers, directors and key employees

    total $364,836

  • 20 · Interest

    total $5,792,800

  • 22 · Depreciation, depletion and amortization

    total $10,294,793

  • 24a · Other expenses: COST OF POWER

    total $44,780,469

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $4,158,526

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $3,886,909

  • 24d · Other expenses: ADMIN & GENERAL

    total $3,497,114

  • 24e · All other expenses

    total $4,308,024

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,184,735 · end of year $817,260

  • 2 · Savings and temporary cash investments

    beginning of year $3,133,240 · end of year $897,100

  • 4 · Accounts receivable

    beginning of year $8,104,733 · end of year $7,967,871

  • 7 · Other notes and loans receivable

    beginning of year $933,938 · end of year $1,038,656

  • 8 · Inventories for sale or use

    beginning of year $3,763,138 · end of year $4,890,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $457,561 · end of year $490,336

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

    $320,445,386

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

    $102,970,760

  • 10c · Land, buildings and equipment, net

    beginning of year $209,706,960 · end of year $217,474,626

  • 12 · Investments: other securities

    beginning of year $1,510,854 · end of year $1,437,884

  • 13 · Investments: program-related

    beginning of year $26,023,600 · end of year $26,513,727

  • 15 · Other assets

    beginning of year $348,965 · end of year $291,803

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,017,719 · end of year $4,508,831

  • 23 · Secured mortgages and notes payable

    beginning of year $132,368,980 · end of year $135,010,301

  • 25 · Other liabilities

    beginning of year $6,795,018 · end of year $6,760,387

  • 31 · Retained earnings, endowment or other funds

    beginning of year $110,986,007 · end of year $115,540,107

Mission and programs · 2024

Mission

TO SUPPLY ELECTRICITY TO ITS MEMBERS.

  • SUPPLYING ELECTRICITY TO ITS MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • Jon Congdon

    GENERAL MANA

    Total calculated
    $303,286
    From this org
    $212,338
    From related orgs
    $0
    Other
    $90,948
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $61,913
    Nontaxable benefits
    $29,035
    Filer's total
    $303,286

  • Joshua Berger

    OPER & ENGR

    Total calculated
    $215,014
    From this org
    $156,854
    From related orgs
    $0
    Other
    $58,160
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $156,854
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,125
    Nontaxable benefits
    $29,035
    Filer's total
    $215,014

  • Elizabeth Hendricksen

    FIN MANAGER

    Total calculated
    $212,876
    From this org
    $162,987
    From related orgs
    $0
    Other
    $49,889
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $162,987
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,613
    Nontaxable benefits
    $19,276
    Filer's total
    $212,876

  • Brian Salm

    JOURNEYMAN L

    Total calculated
    $204,299
    From this org
    $147,642
    From related orgs
    $0
    Other
    $56,657
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $147,642
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,622
    Nontaxable benefits
    $29,035
    Filer's total
    $204,299

  • Mindy Kerska

    MEM SVCS/TRA

    Total calculated
    $203,750
    From this org
    $153,674
    From related orgs
    $0
    Other
    $50,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,674
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,244
    Nontaxable benefits
    $10,832
    Filer's total
    $203,750

  • Ryan Yonke

    JOURNEYMAN L

    Total calculated
    $171,418
    From this org
    $154,341
    From related orgs
    $0
    Other
    $17,077
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $154,341
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,558
    Nontaxable benefits
    $519
    Filer's total
    $171,418

  • Kendal Nichols

    EX DIRECTOR

    Total calculated
    $55,869
    From this org
    $26,174
    From related orgs
    $0
    Other
    $29,695

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $26,174
    Deferred
    $29,695
    Nontaxable benefits
    not reported
    Filer's total
    $55,869

  • Marjorie Colby

    EX DIRECTOR

    Total calculated
    $24,898
    From this org
    $16,444
    From related orgs
    $0
    Other
    $8,454

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $16,444
    Deferred
    $8,454
    Nontaxable benefits
    not reported
    Filer's total
    $24,898

  • Aaron Hoernke

    DIRECTOR - C

    Total calculated
    $11,650
    From this org
    $11,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gary Skolarz

    DIRECTOR - S

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.9

  • Renee Wendt

    DIRECTOR

    Total calculated
    $8,375
    From this org
    $8,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Jon Ebert

    DIRECTOR

    Total calculated
    $8,300
    From this org
    $8,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • Adam Jones

    DIRECTOR - T

    Total calculated
    $7,550
    From this org
    $7,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Aaron Bonnett

    DIRECTOR

    Total calculated
    $6,425
    From this org
    $6,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Derek Alexander

    DIRECTOR (MA

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.8

  • Ethan Olson

    VICE CHAIR (

    Total calculated
    $3,050
    From this org
    $3,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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 committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2025
IRS schema version
2024v5.0
Source object
202503159349305460

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