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Nonprofiteer
← FIRELANDS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by FIRELANDS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$28,757,024
Total expenses
$25,298,728
Contributions and grants received
$0
Grants paid
$26,692
Program service revenue
$28,031,474
Investment income
$91,285
Other revenue
$634,265
Total assets, end of year
$62,847,748
Total liabilities, end of year
$33,522,268
Net assets or fund balances, end of year
$29,325,480
Program services expenses (Part IX)
$25,298,728
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,298,728

Program services were 100.0% 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: SALE OF ELECTRIC

    total $28,031,474 · related or exempt $28,031,474

  • 3 · Investment income

    total $72,927 · excluded $72,927

  • 7a · Gross sales of assets other than inventory

    other assets $31,575

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

    other assets $13,217

  • 7c · Gain or loss

    other assets $18,358

  • 7d · Net gain or loss

    total $18,358 · related or exempt $18,358

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $634,265 · excluded $634,265

  • 11e · Other revenue, total

    $634,265

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,692 · program services $26,692

  • 5 · Compensation of officers, directors and key employees

    total $567,901 · program services $567,901

  • 7 · Other salaries and wages

    total $190,558 · program services $190,558

  • 20 · Interest

    total $979,422 · program services $979,422

  • 22 · Depreciation, depletion and amortization

    total $1,985,036 · program services $1,985,036

  • 24a · Other expenses: COST OF POWER

    total $14,793,759 · program services $14,793,759

  • 24b · Other expenses: DISTRIBUTION EXP-MAINTENA

    total $2,678,160 · program services $2,678,160

  • 24c · Other expenses: DISTRIBUTION EXP-OPERATIO

    total $1,830,851 · program services $1,830,851

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $938,582 · program services $938,582

  • 24e · All other expenses

    total $1,307,767 · program services $1,307,767

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,131,500 · end of year $2,824,227

  • 4 · Accounts receivable

    beginning of year $2,076,804 · end of year $2,339,775

  • 8 · Inventories for sale or use

    beginning of year $938,260 · end of year $732,326

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

    $67,596,852

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

    $22,345,620

  • 10c · Land, buildings and equipment, net

    beginning of year $41,065,223 · end of year $45,251,232

  • 12 · Investments: other securities

    beginning of year $10,107,060 · end of year $10,236,766

  • 15 · Other assets

    beginning of year $989,559 · end of year $1,463,422

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,517,159 · end of year $2,461,204

  • 23 · Secured mortgages and notes payable

    beginning of year $26,117,521 · end of year $30,108,204

  • 25 · Other liabilities

    beginning of year $899,650 · end of year $952,860

  • 29 · Capital stock, trust principal or current funds

    beginning of year $23,758 · end of year $22,898

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,750,318 · end of year $29,302,582

Mission and programs · 2025

Mission

RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICE

  • RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICE TO 7,950 MEMBERS.

    Expenses $25,298,728 · Grants $26,692

As filed on the 2025 return.

Listed in Part VII

  • Donald Englet

    GENERAL MANA

    Total calculated
    $228,320
    From this org
    $176,756
    From related orgs
    $0
    Other
    $51,564
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $176,756
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,987
    Nontaxable benefits
    $29,577
    Filer's total
    $228,320

  • Tabitha Shepherd

    DIR FIN&ACCT

    Total calculated
    $217,686
    From this org
    $167,316
    From related orgs
    $0
    Other
    $50,370
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,316
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,854
    Nontaxable benefits
    $29,516
    Filer's total
    $217,686

  • Richard C Bowers

    DIRECTOR OF

    Total calculated
    $157,079
    From this org
    $157,079
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,079
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $157,079

  • Daniel Schloemer

    BOARD PRESID

    Total calculated
    $11,892
    From this org
    $9,200
    From related orgs
    $0
    Other
    $2,692
    Hours/week
    2.5

  • Bruce Leimbach

    BD V-PRESIDE

    Total calculated
    $1,753
    From this org
    $1,350
    From related orgs
    $0
    Other
    $403
    Hours/week
    2.5

  • Carl Ayers

    BD SEC/TREAS

    Total calculated
    $8,514
    From this org
    $6,200
    From related orgs
    $0
    Other
    $2,314
    Hours/week
    2.2

  • Thomas Lucha

    TRUSTEE

    Total calculated
    $7,172
    From this org
    $5,200
    From related orgs
    $0
    Other
    $1,972
    Hours/week
    3.7

  • Joseph Williams

    TRUSTEE

    Total calculated
    $9,145
    From this org
    $6,800
    From related orgs
    $0
    Other
    $2,345
    Hours/week
    3.4

  • Greg Hess

    TRUSTEE

    Total calculated
    $12,345
    From this org
    $9,600
    From related orgs
    $0
    Other
    $2,745
    Hours/week
    4.2

  • Brian Cucco

    TRUSTEE

    Total calculated
    $9,381
    From this org
    $7,200
    From related orgs
    $0
    Other
    $2,181
    Hours/week
    1.4

  • Richard Reidy

    BD V-PRESIDE

    Total calculated
    $10,330
    From this org
    $7,600
    From related orgs
    $0
    Other
    $2,730
    Hours/week
    1.4

  • Elaine Oswald

    TRUSTEE

    Total calculated
    $1,712
    From this org
    $1,200
    From related orgs
    $0
    Other
    $512
    Hours/week
    2.9

  • Adrian Finlay

    TRUSTEE

    Total calculated
    $7,949
    From this org
    $6,000
    From related orgs
    $0
    Other
    $1,949
    Hours/week
    3.7

  • Lon Burton

    TRUSTEE

    Total calculated
    $8,271
    From this org
    $6,400
    From related orgs
    $0
    Other
    $1,871
    Hours/week
    3.3

  • Zachary Collins

    LINE SUPERIN

    Total calculated
    $141,498
    From this org
    $141,498
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Philip Pickering

    WORKING FORE

    Total calculated
    $143,371
    From this org
    $143,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    44.3

  • Robert Shepherd

    LEAD LINEMAN

    Total calculated
    $137,859
    From this org
    $137,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    44.4

  • Evan Clemons

    LEAD LINEMAN

    Total calculated
    $144,692
    From this org
    $144,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    44.6

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

None.

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

Provenance

Return type
form_990
Tax year
2025
Filed
15 July 2026
IRS schema version
2025v4.0
Source object
202642119349300004

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