Totals
- Total revenue
- $25,902,143
- Total expenses
- $25,944,039
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $24,816,918
- Investment income
- $213,390
- Other revenue
- $871,835
- Total assets, end of year
- $62,001,319
- Total liabilities, end of year
- $20,550,043
- Net assets or fund balances, end of year
- $41,451,276
- 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 $24,781,422 · related or exempt $24,781,422
-
2b · Program service revenue: POLE CONTRACTS
total $35,496 · related or exempt $35,496
-
3 · Investment income
total $213,390 · excluded $213,390
-
6b · Less rental expenses
real property $194
-
6c · Rental income or loss
real property -$194
-
6d · Net rental income or loss
total -$194 · excluded -$194
-
10a · Gross sales of inventory
$22,656
-
10b · Cost of goods sold
$13,611
-
10c · Net income from sales of inventory
total $9,045 · related or exempt $9,045
-
11a · Other revenue: CAPITAL CREDITS
total $856,218 · related or exempt $856,218
-
11b · Other revenue: MISCELLANEOUS
total $6,766 · related or exempt $6,766
-
11e · Other revenue, total
$862,984
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $2,164,152
-
5 · Compensation of officers, directors and key employees
total $393,757
-
20 · Interest
total $457,769
-
22 · Depreciation, depletion and amortization
total $1,877,556
-
24a · Other expenses: COST OF POWER
total $16,245,977
-
24b · Other expenses: DIST EXP - MAINTENANCE
total $1,804,872
-
24c · Other expenses: DIST EXP - OPERATIONS
total $1,471,305
-
24d · Other expenses: ADMIN & GENERAL EXP
total $563,202
-
24e · All other expenses
total $965,449
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,023,443 · end of year $453,952
-
2 · Savings and temporary cash investments
beginning of year $1,326,788 · end of year $940,502
-
4 · Accounts receivable
beginning of year $2,230,522 · end of year $2,385,630
-
7 · Other notes and loans receivable
beginning of year -$6,746 · end of year -$15,000
-
8 · Inventories for sale or use
beginning of year $886,040 · end of year $1,155,558
-
9 · Prepaid expenses and deferred charges
beginning of year $173,805 · end of year $134,366
-
10a · Land, buildings and equipment: cost or other basis
$56,843,566
-
10b · Land, buildings and equipment: accumulated depreciation
$18,608,741
-
10c · Land, buildings and equipment, net
beginning of year $37,050,401 · end of year $38,234,825
-
11 · Investments: publicly traded securities
beginning of year $3,143,618 · end of year $2,995,000
-
12 · Investments: other securities
beginning of year $3,307,951 · end of year $3,264,693
-
13 · Investments: program-related
beginning of year $11,648,335 · end of year $12,446,696
-
15 · Other assets
beginning of year $46,528 · end of year $5,097
-
17 · Accounts payable and accrued expenses
beginning of year $3,085,416 · end of year $3,295,067
-
23 · Secured mortgages and notes payable
beginning of year $15,720,841 · end of year $16,141,006
-
25 · Other liabilities
beginning of year $1,663,289 · end of year $1,113,970
-
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 $40,361,139 · end of year $41,451,276
Mission and programs · 2023
Mission
PROVIDE ELECTRIC POWER AND RELATED SERVICES TO THE COOPERATIVE MEMBERS
Activities or mission (Part I)
TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO OUR MEMBERS.
-
THE COOPERATIVE SOLD 207,572,045 KWH OF ELECTRICITY TO 9,672 MEMBERS DURING 2023. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO MEMBERS ON A NOT-FOR-PROFIT BASIS.
As filed on the 2023 return.
Listed in Part VII
-
Herman SeebandtHERMAN SEEBANDT
PRESIDENT
- Total calculated
- $12,785
- From this org
- $12,785
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8.38
-
Allen JicinskyALLEN JICINSKY
VICE-PRESIDENT
- Total calculated
- $11,500
- From this org
- $11,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.69
-
Thomas OdeenTHOMAS ODEEN
SECRETARY/TREASURER
- Total calculated
- $10,850
- From this org
- $10,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.84
-
James HagerJAMES HAGER
DIRECTOR
- Total calculated
- $8,050
- From this org
- $8,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.24
-
Scott JohnsonSCOTT JOHNSON
DIRECTOR
- Total calculated
- $7,700
- From this org
- $7,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.72
-
Marvin VerkuilenMARVIN VERKUILEN
DIRECTOR
- Total calculated
- $10,500
- From this org
- $10,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.51
-
Charles LinderCHARLES LINDER
DIRECTOR
- Total calculated
- $11,900
- From this org
- $11,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.74
-
Timothy E StewartTIMOTHY E STEWART
CEO/GENERAL MANAGER
- Total calculated
- $320,472
- From this org
- $228,797
- From related orgs
- $0
- Other
- $91,675
- Hours/week
- 50 + 2 related
Schedule J breakdown matched by us
- Base
- $228,797
- Bonus
- $0
- Other
- $0
- Deferred
- $63,078
- Nontaxable benefits
- $28,597
- Filer's total
- $320,472
-
Michael A RuffMICHAEL A RUFF
DIRECTOR OF OPERATIONS
- Total calculated
- $201,563
- From this org
- $134,514
- From related orgs
- $0
- Other
- $67,049
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $134,514
- Bonus
- $0
- Other
- $0
- Deferred
- $38,689
- Nontaxable benefits
- $28,360
- Filer's total
- $201,563
-
Kent WeigelKENT WEIGEL
LINE SUPERINTENDENT
- Total calculated
- $172,351
- From this org
- $111,348
- From related orgs
- $0
- Other
- $61,003
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $111,348
- Bonus
- $0
- Other
- $0
- Deferred
- $33,253
- Nontaxable benefits
- $27,750
- Filer's total
- $172,351
-
Scott BailenSCOTT BAILEN
LINEMAN
- Total calculated
- $143,988
- From this org
- $100,359
- From related orgs
- $0
- Other
- $43,629
- Hours/week
- 41.57
-
Jared JensenJARED JENSEN
LINEMAN
- Total calculated
- $150,643
- From this org
- $107,546
- From related orgs
- $0
- Other
- $43,097
- Hours/week
- 43.97
Schedule J breakdown matched by us
- Base
- $107,546
- Bonus
- $0
- Other
- $0
- Deferred
- $19,770
- Nontaxable benefits
- $23,327
- Filer's total
- $150,643
-
Jake WaldhartJAKE WALDHART
LINEMAN
- Total calculated
- $145,085
- From this org
- $114,050
- From related orgs
- $0
- Other
- $31,035
- Hours/week
- 44.7
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 · 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
The filer's explanations (Part III)
- PART I, LINE 3
- UTILIZE THE NATIONAL CONSULTING GROUP COMPENSATION SURVEY TO COMPARE VARIOUS METRICS SUCH AS BY STATE, REGION, NATIONAL, SIZE, GROWTH RATES, AND EXPERIENCE/EDUCATION LEVELS.
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.
-
ADLER-CLARK ELECTRIC COMMUNITY COMMITMENT FOUNDATION TRUST
501(C)(3) · FOUNDATION · WI
Directly controlled by CLARK ELECTRIC APPLIANCE & SATELLITE
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.
-
CLARK ELECTRIC APPLIANCE & SATELLITE
C · SALE OF APPLIANCES AND SATELLITE SERVICES · WI · 100% owned · share of income $491,641 · share of assets $3,379,509 · controlled entity
Directly controlled by CLARK ELECTRIC COOP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441279349303529
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