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Nonprofiteer
← OAKDALE ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by OAKDALE ELECTRIC COOPERATIVE.

Totals

Total revenue
$45,105,810
Total expenses
$45,105,810
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,941,091
Investment income
$140,250
Other revenue
$24,469
Total assets, end of year
$111,944,322
Total liabilities, end of year
$64,488,266
Net assets or fund balances, end of year
$47,456,056
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 REVENUE

    total $43,612,009 · related or exempt $43,612,009

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

    total $1,329,082 · excluded $1,329,082

  • 3 · Investment income

    total $142,388 · excluded $142,388

  • 7a · Gross sales of assets other than inventory

    other assets $5,192

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

    other assets $7,330

  • 7c · Gain or loss

    other assets -$2,138

  • 7d · Net gain or loss

    total -$2,138 · related or exempt -$2,138

  • 10a · Gross sales of inventory

    $39,253

  • 10b · Cost of goods sold

    $25,148

  • 10c · Net income from sales of inventory

    total $14,105 · unrelated business $14,105

  • 11a · Other revenue: MISCELLANEOUS NON-OPERATING I

    total $10,364 · related or exempt $10,364

  • 11e · Other revenue, total

    $10,364

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,025,488

  • 5 · Compensation of officers, directors and key employees

    total $337,222

  • 20 · Interest

    total $2,152,877

  • 22 · Depreciation, depletion and amortization

    total $3,781,706

  • 24a · Other expenses: COST OF POWER

    total $27,830,788

  • 24b · Other expenses: DISTRIBUTION - MAINTENANC

    total $2,113,493

  • 24c · Other expenses: DISTRIBUTION - OPERATIONS

    total $1,825,223

  • 24d · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,115,355

  • 24e · All other expenses

    total $1,923,658

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,552 · end of year $51,809

  • 2 · Savings and temporary cash investments

    beginning of year $8,262,820 · end of year $1,185,553

  • 4 · Accounts receivable

    beginning of year $3,245,014 · end of year $3,506,950

  • 7 · Other notes and loans receivable

    beginning of year $2,713 · end of year $410

  • 8 · Inventories for sale or use

    beginning of year $870,845 · end of year $1,409,579

  • 9 · Prepaid expenses and deferred charges

    beginning of year $171,515 · end of year $162,320

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

    $118,335,049

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

    $33,178,857

  • 10c · Land, buildings and equipment, net

    beginning of year $76,482,758 · end of year $85,156,192

  • 13 · Investments: program-related

    beginning of year $18,920,659 · end of year $19,817,620

  • 15 · Other assets

    beginning of year $864,818 · end of year $653,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,097,344 · end of year $4,316,310

  • 23 · Secured mortgages and notes payable

    beginning of year $56,615,231 · end of year $55,942,695

  • 25 · Other liabilities

    beginning of year $3,434,794 · end of year $4,229,261

  • 31 · Retained earnings, endowment or other funds

    beginning of year $44,802,325 · end of year $47,456,056

Mission and programs · 2022

Mission

TO PROVIDE MEMBERS WITH ELECTRICITY.

  • TO PROVIDE MEMBERS WITH ELECTRICITY.

As filed on the 2022 return.

Listed in Part VII

  • Chris Tackmann

    GENERAL MANA

    Total calculated
    $332,743
    From this org
    $202,648
    From related orgs
    $0
    Other
    $130,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,648
    Bonus
    not reported
    Other
    not reported
    Deferred
    $99,820
    Nontaxable benefits
    $30,275
    Filer's total
    $332,743

  • Shane Rowan

    SYSTEM ENGIN

    Total calculated
    $209,719
    From this org
    $119,300
    From related orgs
    $0
    Other
    $90,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    $61,179
    Nontaxable benefits
    $29,240
    Filer's total
    $209,719

  • Linda Pierce

    MANAGER OF F

    Total calculated
    $194,761
    From this org
    $110,371
    From related orgs
    $0
    Other
    $84,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,371
    Bonus
    not reported
    Other
    not reported
    Deferred
    $82,581
    Nontaxable benefits
    $1,809
    Filer's total
    $194,761

  • Dan McGarry

    FIELD ENGINE

    Total calculated
    $178,060
    From this org
    $115,261
    From related orgs
    $0
    Other
    $62,799
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $115,261
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,711
    Nontaxable benefits
    $31,088
    Filer's total
    $178,060

  • Stewart Walters

    CONSTRUCTION

    Total calculated
    $160,599
    From this org
    $113,884
    From related orgs
    $0
    Other
    $46,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,884
    Bonus
    not reported
    Other
    not reported
    Deferred
    $41,558
    Nontaxable benefits
    $5,157
    Filer's total
    $160,599

  • Brock Brown

    LINEWORKER

    Total calculated
    $148,700
    From this org
    $112,397
    From related orgs
    $0
    Other
    $36,303
    Hours/week
    43

  • Dalton Linzmeier

    LINEWORKER

    Total calculated
    $136,084
    From this org
    $114,073
    From related orgs
    $0
    Other
    $22,011
    Hours/week
    44

  • Richard Barrett

    BOARD CHAIR

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Robin Craker

    DIRECTOR

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Martin Potter

    DIRECTOR

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Van Wychen

    TREASURER

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Greg Eirschele

    VICE PRESIDE

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jon Williams

    SECRETARY

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Hess

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
2022
Filed
5 May 2023
IRS schema version
2022v5.0
Source object
202301319349300840

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