Barron Electric Cooperative

“The organization is a cooperative with member-owners.”

“Members nominate one or more candidates for a director position for each district of the cooperative. Members elect the board of directors at the meeting of the members.”

“Each membership shall be entitled to one vote upon each matter submitted to a vote at a meeting of the members.”

“The organization does not have any committees that have authority to act on behalf of the governing body.”

“The 990 is reviewed by the general manager and finance manager before it is signed and filed. The board of directors is given a copy of the form 990 to review before it was filed.”

“A copy of the conflict of interest policy was given to each current employee and director as well as each new employee and director. The conflict of interest policy is a self-policing policy in which it is the responsibility of each employee/director to come forward with any potential conflicts whenever they occur. The whistleblower policy supports the enforcement of the conflict of interst policy by encouraging all employees and directors to report conflicts of interest and other questionable behavior. Board members are to excuse themselves from proceedings or votes where a potential conflict of interest exists. Conflicts of interest are documented in the board minutes.”

“The board of directors uses comparability data provided by nreca to determine the compensation of the general manager. The board of directors determines the general manager's compensation and reports it to the executive secretary via minutes from the board directors confidential closed session. The general manager approves the compensation of all other employees. The general manager uses both comparability data provided by nreca and data from the most current wage study performed at barron electric by an outside independent consultant, to determine compensation. Individual compensation is determined by the general manager. Compensation as a whole is approved by the board of directors. Individual compensation is reported by a document signed by the general manager.”

“Documentation is available upon written request to the attention of the general manager.”

“The cooperative sold 359,723,938 kwh of electricity to members during 2024. In connection with the cooperative's mission, the cooperative continues to provide reliable, competitively priced energy and related services to customers on a not-for-profit basis and maximum value to members consistent with the wise use of resources and technology.”

“Retirement of capital credits -1,091,854 patronage dividend allocated 3,801,964 total 2,710,110”