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Nonprofiteer
← ST CROIX ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by ST CROIX ELECTRIC COOPERATIVE.

Totals

Total revenue
$27,156,848
Total expenses
$27,156,848
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$26,842,917
Investment income
$152,456
Other revenue
$161,475
Total assets, end of year
$61,911,371
Total liabilities, end of year
$32,838,244
Net assets or fund balances, end of year
$29,073,127
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 $25,643,753 · related or exempt $25,643,753

  • 2b · Program service revenue: CAPITAL CREDITS

    total $931,638 · related or exempt $931,638

  • 2c · Program service revenue: OTHER ELECTRICAL INCOME

    total $259,049 · related or exempt $259,049

  • 2d · Program service revenue: POLE RENTAL

    total $8,477 · excluded $8,477

  • 3 · Investment income

    total $88,382 · excluded $88,382

  • 6a · Gross rents

    real property $19,271

  • 6c · Rental income or loss

    real property $19,271

  • 6d · Net rental income or loss

    total $19,271 · excluded $19,271

  • 7a · Gross sales of assets other than inventory

    other assets $76,849

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

    other assets $12,775

  • 7c · Gain or loss

    other assets $64,074

  • 7d · Net gain or loss

    total $64,074 · related or exempt $64,074

  • 11a · Other revenue: OTHER INCOME

    total $78,428 · related or exempt $78,428

  • 11b · Other revenue: FIRST CALL PHONE LEASE

    total $31,753 · unrelated business $31,753

  • 11c · Other revenue: MANAGEMENT FEE

    total $21,439 · unrelated business $21,439

  • 11d · All other revenue

    total $10,584 · related or exempt $10,584

  • 11e · Other revenue, total

    $142,204

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,560,090

  • 5 · Compensation of officers, directors and key employees

    total $619,097

  • 20 · Interest

    total $925,014

  • 22 · Depreciation, depletion and amortization

    total $2,017,303

  • 24a · Other expenses: PURCHASED POWER

    total $17,102,783

  • 24b · Other expenses: PLANT OPERATIONS

    total $2,546,474

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,984,243

  • 24d · Other expenses: CUSTOMER ACCOUNT EXPENSES

    total $299,502

  • 24e · All other expenses

    total $102,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $728,355 · end of year $542,420

  • 2 · Savings and temporary cash investments

    beginning of year $1,049,764 · end of year $33,016

  • 4 · Accounts receivable

    beginning of year $2,710,582 · end of year $2,458,700

  • 7 · Other notes and loans receivable

    beginning of year $520,126 · end of year $272,275

  • 8 · Inventories for sale or use

    beginning of year $882,344 · end of year $937,221

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,953 · end of year $198,619

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

    $71,017,300

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

    $27,330,729

  • 10c · Land, buildings and equipment, net

    beginning of year $40,797,223 · end of year $43,686,571

  • 13 · Investments: program-related

    beginning of year $13,010,401 · end of year $13,692,414

  • 15 · Other assets

    beginning of year $75,852 · end of year $90,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,485,671 · end of year $2,154,080

  • 23 · Secured mortgages and notes payable

    beginning of year $27,243,396 · end of year $29,425,298

  • 25 · Other liabilities

    beginning of year $1,474,111 · end of year $1,258,866

  • 29 · Capital stock, trust principal or current funds

    beginning of year $53,420 · end of year $54,005

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

    beginning of year $27,043,085 · end of year $27,475,095

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,521,917 · end of year $1,544,027

Mission and programs · 2023

Mission

DISTRIBUTE ELECTRIC ENERGY

  • THE COOPERATIVE PROVIDES RURAL ELECTRICAL SERVICE TO 11,767 CONSUMERS.

As filed on the 2023 return.

Listed in Part VII

  • Robert Dooley

    PRESIDENT/CE

    Total calculated
    $264,581
    From this org
    $182,357
    From related orgs
    $0
    Other
    $82,224
    Hours/week
    47.21

    Schedule J breakdown matched by us

    Base
    $173,357
    Bonus
    $9,000
    Other
    not reported
    Deferred
    $46,944
    Nontaxable benefits
    $35,280
    Filer's total
    $264,581

  • Brian Zelenak

    PRESIDENT/CE

    Total calculated
    $252,572
    From this org
    $222,041
    From related orgs
    $0
    Other
    $30,531
    Hours/week
    53.78

    Schedule J breakdown matched by us

    Base
    $157,041
    Bonus
    not reported
    Other
    $65,000
    Deferred
    $26,471
    Nontaxable benefits
    $4,060
    Filer's total
    $252,572

  • Kenneth Buhr

    LINEMAN

    Total calculated
    $160,481
    From this org
    $114,621
    From related orgs
    $0
    Other
    $45,860
    Hours/week
    45.56

    Schedule J breakdown matched by us

    Base
    $114,621
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,351
    Nontaxable benefits
    $28,509
    Filer's total
    $160,481

  • Austin Delong

    LINEMAN

    Total calculated
    $156,845
    From this org
    $120,395
    From related orgs
    $0
    Other
    $36,450
    Hours/week
    48.62

    Schedule J breakdown matched by us

    Base
    $120,395
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,891
    Nontaxable benefits
    $30,559
    Filer's total
    $156,845

  • Kyle Levra

    LINEMAN

    Total calculated
    $147,890
    From this org
    $116,045
    From related orgs
    $0
    Other
    $31,845
    Hours/week
    48.03

  • Keith Bauer

    LINEMAN

    Total calculated
    $139,584
    From this org
    $114,109
    From related orgs
    $0
    Other
    $25,475
    Hours/week
    46.67

  • David Kaczmarski

    LINEMAN

    Total calculated
    $127,851
    From this org
    $117,656
    From related orgs
    $0
    Other
    $10,195
    Hours/week
    44.32

  • Kristine McNamara

    FINANCE MANA

    Total calculated
    $115,829
    From this org
    $78,950
    From related orgs
    $0
    Other
    $36,879
    Hours/week
    42.1

  • Jennifer Werdan

    INTERIM FINA

    Total calculated
    $95,117
    From this org
    $74,424
    From related orgs
    $0
    Other
    $20,693
    Hours/week
    41.52

  • Paul Nyhus

    CHAIRMAN

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.39

  • Douglas Faber

    DIRECTOR

    Total calculated
    $7,850
    From this org
    $7,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Alan Wilkie

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.32

  • John Collins

    SECRETARY/TR

    Total calculated
    $7,575
    From this org
    $7,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.61

  • Christopher Evans

    DIRECTOR

    Total calculated
    $6,900
    From this org
    $6,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.46

  • Lawrence Hall

    DIRECTOR

    Total calculated
    $5,625
    From this org
    $5,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.16

  • Francis Klatt

    DIRECTOR

    Total calculated
    $5,625
    From this org
    $5,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.75

  • William Peavey

    VICE CHAIR

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.16

  • Neil Plourde

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.89

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 -$17,881 · share of assets $664,707

    Directly controlled by ST CROIX

  • ST CROIX SOLAR LLC

    C CORP · GENERATION · WI · 100% owned · share of income -$3,544 · share of assets $104,946

    Directly controlled by ST CROIX ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202421179349300027

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