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Nonprofiteer
← CHIPPEWA VALLEY ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by CHIPPEWA VALLEY ELECTRIC COOPERATIVE.

Totals

Total revenue
$19,222,608
Total expenses
$19,105,326
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,181,306
Investment income
$207,006
Other revenue
$834,296
Total assets, end of year
$53,079,561
Total liabilities, end of year
$28,141,395
Net assets or fund balances, end of year
$24,938,166
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 $17,626,133 · related or exempt $17,626,133

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

    total $555,173 · excluded $555,173

  • 3 · Investment income

    total $207,881 · unrelated business $160,950 · excluded $46,931

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

    other assets $875

  • 7c · Gain or loss

    other assets -$875

  • 7d · Net gain or loss

    total -$875 · related or exempt -$875

  • 10a · Gross sales of inventory

    $163,735

  • 10b · Cost of goods sold

    $185,369

  • 10c · Net income from sales of inventory

    total -$21,634 · unrelated business -$21,634

  • 11a · Other revenue: MUNICIPALITY MAINTENANCE REVE

    total $508,566 · unrelated business $508,566

  • 11b · Other revenue: CHIPPEWA VALLEY CONNECTED

    total $302,781 · related or exempt $302,781

  • 11c · Other revenue: MAIN STREET MSGR

    total $33,684 · unrelated business $33,684

  • 11d · All other revenue

    total $10,899 · related or exempt $2,199 · unrelated business $8,700

  • 11e · Other revenue, total

    $855,930

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,031,918

  • 5 · Compensation of officers, directors and key employees

    total $334,549

  • 20 · Interest

    total $809,942

  • 22 · Depreciation, depletion and amortization

    total $1,814,184

  • 24a · Other expenses: PURCHASED POWER

    total $9,780,529

  • 24b · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,303,287

  • 24c · Other expenses: DISTRIBUTION - MAINTENANC

    total $1,041,066

  • 24d · Other expenses: DISTRIBUTION - OPERATIONS

    total $881,480

  • 24e · All other expenses

    total $2,108,371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,298,936 · end of year $199,172

  • 2 · Savings and temporary cash investments

    beginning of year $2,043 · end of year $13,088

  • 4 · Accounts receivable

    beginning of year $1,580,029 · end of year $1,908,995

  • 7 · Other notes and loans receivable

    beginning of year $4,500,000 · end of year $5,444,840

  • 8 · Inventories for sale or use

    beginning of year $544,078 · end of year $478,934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,500 · end of year $89,842

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

    $57,940,962

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

    $21,525,607

  • 10c · Land, buildings and equipment, net

    beginning of year $34,672,557 · end of year $36,415,355

  • 12 · Investments: other securities

    beginning of year $70,833 · end of year $162,602

  • 13 · Investments: program-related

    beginning of year $7,842,360 · end of year $8,125,358

  • 15 · Other assets

    beginning of year $296,072 · end of year $241,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,853,279 · end of year $2,648,841

  • 23 · Secured mortgages and notes payable

    beginning of year $24,470,752 · end of year $24,905,495

  • 25 · Other liabilities

    beginning of year $202,134 · end of year $587,059

  • 31 · Retained earnings, endowment or other funds

    beginning of year $24,343,243 · end of year $24,938,166

Mission and programs · 2025

Mission

SUPPLYING ELECTRICITY TO ITS MEMBERS.

  • SUPPLYING ELECTRICITY TO ITS MEMBERS.

As filed on the 2025 return.

Listed in Part VII

  • Russ Falkenberg

    PRES/CEO

    Total calculated
    $320,735
    From this org
    $178,964
    From related orgs
    $2,250
    Other
    $139,521
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $178,964 + $2,250 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $108,367
    Nontaxable benefits
    $31,154
    Filer's total
    $318,485 + $2,250 related

  • Nicolas Alberson

    OPERATIONS M

    Total calculated
    $193,564
    From this org
    $147,796
    From related orgs
    $2,400
    Other
    $43,368
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,796 + $2,400 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,344
    Nontaxable benefits
    $25,024
    Filer's total
    $191,164 + $2,400 related

  • Daniel Ferris

    LINEMAN

    Total calculated
    $186,585
    From this org
    $125,929
    From related orgs
    $0
    Other
    $60,656
    Hours/week
    44.95

    Schedule J breakdown matched by us

    Base
    $125,929
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,332
    Nontaxable benefits
    $11,324
    Filer's total
    $186,585

  • Zach Sonnentag

    LINEMAN

    Total calculated
    $160,647
    From this org
    $127,194
    From related orgs
    $0
    Other
    $33,453
    Hours/week
    46.79

    Schedule J breakdown matched by us

    Base
    $127,194
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,891
    Nontaxable benefits
    $29,562
    Filer's total
    $160,647

  • Trevin Jensen

    LINEMAN

    Total calculated
    $155,475
    From this org
    $123,743
    From related orgs
    $0
    Other
    $31,732
    Hours/week
    45.83

    Schedule J breakdown matched by us

    Base
    $123,743
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,650
    Nontaxable benefits
    $24,082
    Filer's total
    $155,475

  • Edward Rosseter

    LINEMAN

    Total calculated
    $146,779
    From this org
    $136,409
    From related orgs
    $0
    Other
    $10,370
    Hours/week
    46.66

  • Kevin Meistad

    VICE-CHAIRMA

    Total calculated
    $16,850
    From this org
    $16,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.25

  • John Petska

    CHAIRMAN OF

    Total calculated
    $13,618
    From this org
    $13,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.93

  • Sue Frei

    DIRECTOR

    Total calculated
    $12,200
    From this org
    $12,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.4

  • Francis Draxler

    DIRECTOR

    Total calculated
    $10,925
    From this org
    $10,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.79

  • Joe Melville

    DIRECTOR

    Total calculated
    $9,245
    From this org
    $9,245
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.56

  • Steven Wall

    DIRECTOR

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.71

  • Eugene Buchner

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.26

  • Steve Johnson

    SEC/TREAS (-

    Total calculated
    $3,039
    From this org
    $3,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.64

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.

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.

  • CHIPPEWA VALLEY SATELLITE CORP

    C CORP · PART VII · WI · 100% owned · share of income $117,613 · share of assets $9,814,619 · controlled entity

    Directly controlled by PART VII

  • CHIPPEWA VALLEY CONNECTED LLC

    C CORP · PART VII · WI · 100% owned · share of income -$352,725 · share of assets $3,154,918 · controlled entity

    Directly controlled by PART VII

Provenance

Return type
form_990
Tax year
2025
Filed
29 July 2026
IRS schema version
2025v4.0
Source object
202642169349302109

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