Civic Intelligence

Wisconsin Electric Cooperative Associati

EIN 39-1163563 • 501(c)6 • Madison, WI

Profile

To provide information and assistance to its members to further their goal of providing low cost electric service.

222 W Washington Avenue 680Madison, WI 53703

www.weca.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.13x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.06x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

46th percentile

3.0%

Higher net margin than 46% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$249,905

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

44th percentile

3.4%

Faster asset growth than 44% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

2.7%

Faster revenue growth than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,081,199

Down $47,089 (-2.2%) from 2023

Liabilities

Down

$345,974

Down $146,143 (-30%) from 2023

Net Assets

Up

$1,735,225

Up $99,054 (+6.1%) from 2023

Revenue

Up

$4,372,220

Up $175,574 (+4.2%) from 2023

Expenses

Up

$4,283,947

Up $191,314 (+4.7%) from 2023

Net Income

Down

$88,273

Down $15,740 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $78,143Liabilities 2011: $54,021Net Assets 2011: $24,1222011Assets 2012: $133,531Liabilities 2012: $93,011Net Assets 2012: $40,5202012Assets 2013: $150,771Liabilities 2013: $97,083Net Assets 2013: $53,6882013Assets 2014: $125,176Liabilities 2014: $110,6132014Assets 2015: $110,292Liabilities 2015: $95,0892015Assets 2016: $957,526Liabilities 2016: $821,395Net Assets 2016: $136,1312016Assets 2017: $989,725Liabilities 2017: $344,195Net Assets 2017: $645,5302017Assets 2018: $1,015,197Liabilities 2018: $212,276Net Assets 2018: $802,9212018Assets 2019: $1,349,730Liabilities 2019: $365,979Net Assets 2019: $983,7512019Assets 2020: $1,512,105Liabilities 2020: $223,927Net Assets 2020: $1,288,1782020Assets 2021: $1,775,586Liabilities 2021: $265,356Net Assets 2021: $1,510,2302021Assets 2022: $1,865,579Liabilities 2022: $329,742Net Assets 2022: $1,535,8372022Assets 2023: $2,128,288Liabilities 2023: $492,117Net Assets 2023: $1,636,1712023Assets 2024: $2,081,199Liabilities 2024: $345,974Net Assets 2024: $1,735,2252024

Highlighted filing

2024

Assets$2,081,199
Liabilities$345,974
Net Assets$1,735,225

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $9,319Expenses 2011: $20,595Net Income 2011: -$11,2762011Revenue 2012: $54,260Expenses 2012: $37,862Net Income 2012: $16,3982012Revenue 2013: $51,839Expenses 2013: $38,671Net Income 2013: $13,1682013Revenue 2014: $53,524Expenses 2014: $92,649Net Income 2014: -$39,1252014Revenue 2015: $58,068Expenses 2015: $57,428Net Income 2015: $6402015Revenue 2016: $699,174Expenses 2016: $578,246Net Income 2016: $120,9282016Revenue 2017: $3,570,424Expenses 2017: $3,061,025Net Income 2017: $509,3992017Revenue 2018: $3,491,505Expenses 2018: $3,334,114Net Income 2018: $157,3912018Revenue 2019: $3,534,273Expenses 2019: $3,353,443Net Income 2019: $180,8302019Revenue 2020: $3,700,786Expenses 2020: $3,396,359Net Income 2020: $304,4272020Revenue 2021: $3,473,687Expenses 2021: $3,251,635Net Income 2021: $222,0522021Revenue 2022: $3,724,241Expenses 2022: $3,672,644Net Income 2022: $51,5972022Revenue 2023: $4,196,646Expenses 2023: $4,092,633Net Income 2023: $104,0132023Revenue 2024: $4,372,220Expenses 2024: $4,283,947Net Income 2024: $88,2732024

Highlighted filing

2024

Revenue$4,372,220
Expenses$4,283,947
Net Income$88,273

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.35$1.74$4.37$4.28$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.49$1.64$4.20$4.09$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.33$1.54$3.72$3.67$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.27$1.51$3.47$3.25$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.22$1.29$3.70$3.40$0.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.37$0.98$3.53$3.35$0.18
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.02$0.21$0.80$3.49$3.33$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.34$0.65$3.57$3.06$0.51
2016Summary only. Only limited summary data is available for this year.$0.96$0.82$0.14$0.70$0.58$0.12
2015Summary only. Only limited summary data is available for this year.$0.11$0.10$0.06$0.06$0.00
2014Summary only. Only limited summary data is available for this year.$0.13$0.11$0.05$0.09$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.15$0.10$0.05$0.05$0.04$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.09$0.04$0.05$0.04$0.02
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.05$0.02$0.01$0.02$0.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jan 13, 2023
Return Version
2021v4.2
Gross Receipts
$3,724,241
Mission and Program Overview

Mission

To provide information and assistance to its members to further their goal of providing low cost electric service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$853,844$792,257▼ $61,587
Savings and Temporary Cash Investments$722,255$731,620▲ $9,365
Investments in Publicly Traded Securities$0$220,643▲ $220,643
Prepaid Expenses and Deferred Charges$43,235$60,792▲ $17,557
Accounts Receivable$126,762$50,565▼ $76,197
Land, Buildings, and Equipment, Net$28,019$8,426▼ $19,593
Investments Other Securities$1,471$1,276▼ $195
Total Assets$1,775,586$1,865,579▲ $89,993
Liabilities
Deferred Revenue$148,111$194,540▲ $46,429
Accounts Payable and Accrued Expenses$117,245$135,202▲ $17,957
Total Liabilities$265,356$329,742▲ $64,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,402,751$1,415,254▲ $12,503
Net Assets With Donor Restrictions$107,479$120,583▲ $13,104
Total Net Assets Fund Balance$1,510,230$1,535,837▲ $25,607
Total Liabilities and Net Assets / Fund Balance$1,775,586$1,865,579▲ $89,993

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,426$163,231$171,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen FreesePresident & CEOFT$237,350$92,214$329,564
Timothy ClayVP of OperationsFT$162,170$66,378$228,548
Rob RichardDIRECTOR OF GOV'T RELATIONSFT$133,275$41,339$174,614
Dana KelroyEditorFT$104,583$50,321$154,904
Joe MetroDirector-$1,300-$1,300
Dan HillberryDirector-$1,100-$1,100
William FischerDirector-$1,100-$1,100
Roger WiffSecretary/treasurer-$1,000-$1,000
Chuck SimmonsInvited Observer-$1,000-$1,000
Karen NewburyVice Chairman-$1,000-$1,000
Judith AnibasPast Chairman-$900-$900
David HischkeChairman-$700-$700
Steve JohnsonDirector-$400-$400

Board Members and Trustees

NameTitle
Barbara MillerDirector
Dan SmrekarDirector
Jerry SorensonDirector
Justin JahnzDirector
Craig BurosExecutive Committee
Mike WadeExecutive Committee

Highest Paid Contractors

ContractorServicesLocationCompensation
RoylePrinting Services745 S BIRD STREET, Sun Prairie, WI 53590$488,631
Dairyland Power CooperativeSafety Education And Training3200 E AVENUE SOUTH, La Crosse, WI 54602$411,559
Revenue and Support

Revenue Composition

Contributions and Grants
$43,290
Program Service Revenue
$3,665,239
Investment Income
$6,283
Other Revenue
$9,429
All Other Contributions
$43,290
Change in Net Assets
$51,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,724,241
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-25,990
Total Revenue per Audited Statements
$3,698,251
Total Revenue per Form 990
$3,724,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,188,125
Salaries, Compensation, and Employee Benefits$1,484,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$633,361
Current Officers, Directors, Trustees, and Key Employees---$573,748
Pension Plan Contributions---$164,748
Occupancy---$150,602
All Other Expenses---$116,621
Fees for Services Other---$94,592
Payroll Taxes---$73,067
Other Expenses---$65,657
Office Expenses---$64,226
Travel---$46,897
Other Employee Benefits---$39,595
Conferences and Meetings---$32,798
Fees for Services Legal---$24,434
Fees for Services Lobbying---$20,596
Depreciation Depletion---$19,593
Insurance---$15,124
Fees for Services Accounting---$11,603
Advertising---$8,119
Interest---$225
Total Functional Expenses$0$0$0$3,672,644

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,672,644
Total Expenses per Audited Statements$3,672,644
Total Expenses per Form 990$3,672,644
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$48,695
Total Nondeductible Lobbying and Political Cost$48,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Electric cooperatives in wisconsin are members of the organization.

Form 990, Part VI, Section A, Line 7A

Twelve board members are elected by members of four separate districts.

Form 990, Part VI, Section A, Line 7B

Changes to the articles and bylaws recommended by the board must be approved by the members.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the weca board and weca senior management. The review process includes looking at the accuracy of the information and affirming that the information presented is correct to the best of one's knowledge before submission.

Form 990, Part VI, Section B, Line 12C

The policies cover both board and association employees. The policies are reviewed with all affected individuals annually.

Form 990, Part VI, Section B, Line 15

The board evaluates the ceo annually following evaluation criteria it establishes and other relevant information. In addition to the board's performance measures, the board reviews third-party compensation data when making compensation decisions for the ceo. The ceo generally sets the compensation for the other officers and key employees. Compensation data utilized includes information provided by the national rural electric cooperative association and information from a compensation study provided by a third party retained by the association. The ceo evaluates the performance of these individuals annually.

Form 990, Part VI, Section C, Line 19

Articles are available from the dept. Of financial institutions website. Financial statements are shared with members; and 3rd parties with justification. Our conflict of interest policy is shared upon request. The board may authorize sharing these documents upon request.

Filing and Contact Details

Filer

Filer Name
Wisconsin Electric Cooperative
EIN
39-1163563
Phone
6084674650
Address
222 W WASHINGTON AVENUE 680, MADISON, WI 53703

Signing Officer

Name
Timothy Clay
Title
VP of Operations
Phone
6084674650
Signed
2023-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Clay
Formed
1990
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
9
Volunteers
4

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Laura Schweitzer CPA
Phone
6086628600
Raw XML AppendixShowing 400 of 567 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0117245
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0135202
IRS990/AccountsReceivableGrp/BOYAmt0126762
IRS990/AccountsReceivableGrp/EOYAmt050565
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE INFORMATION AND ASSISTANCE TO ITS MEMBERS TO FURTHER THEIR GOAL OF PROVIDING LOW COST ELECTRIC SERVICE.
IRS990/AdvertisingGrp/TotalAmt08119
IRS990/AllOtherContributionsAmt043290
IRS990/AllOtherExpensesGrp/TotalAmt0116621
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IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0TIMOTHY CLAY
IRS990/BooksInCareOfDetail/PhoneNum06084674598
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0222 W WASHINGTON AVENUE STE 680
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt032798
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0488631
IRS990/ContractorCompensationGrp/CompensationAmt1411559
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0745 S BIRD STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt13200 E AVENUE SOUTH
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ROYLE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1DAIRYLAND POWER COOPERATIVE
IRS990/ContractorCompensationGrp/ServicesDesc0PRINTING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1SAFETY EDUCATION AND TRAINING
IRS990/CreditCounselingInd00
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IRS990/CYOtherRevenueAmt09429
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IRS990/CYTotalExpensesAmt03672644
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03724241
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt019593
IRS990/Desc0MEMBERSHIP SERVICES: WECA COLLECTS MEMBERSHIP DUES AND PROVIDES APPROPRIATE SERVICES AND ASSISTANCE TO ITS MEMBERS TO FURNISH ELECTRIC ENERGY AND ENERGY SERVICES AT COST WITHOUT PROFIT. WECA HAS 25 MEMBERS THAT ARE ELIGIBLE TO SERVE ON ITS BOARD OF DIRECTORS.
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IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/PersonNm11STEVE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm12JUSTIN JAHNZ
IRS990/Form990PartVIISectionAGrp/PersonNm13CHUCK SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm15STEPHEN FREESE
IRS990/Form990PartVIISectionAGrp/PersonNm16TIMOTHY CLAY
IRS990/Form990PartVIISectionAGrp/PersonNm17ROB RICHARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13INVITED OBSERVER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF GOV'T RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt18EDITOR
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IRS990/MissionDesc0TO PROVIDE INFORMATION AND ASSISTANCE TO ITS MEMBERS TO FURTHER THEIR GOAL OF PROVIDING LOW COST ELECTRIC SERVICE.
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IRS990/OtherExpensesGrp/Desc0WEC NEWS
IRS990/OtherExpensesGrp/Desc1SAFETY PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2SKILLBUILDERS PROGRAM E
IRS990/OtherExpensesGrp/Desc3YOUTH PROGRAM EXPENSES
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IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING/SAFETY: WECA PROVIDES A JOB TRAINING AND SAFETY PROGRAM THROUGH THEIR PARTNERSHIP WITH DAIRYLAND POWER COOPERATIVE FOR ELECTRIC COOPERATIVE EMPLOYEES. WECA PROVIDES THIS TRAINING FOR 23 OF ITS ELECTRIC DISTRIBUTION CO-OP MEMBERS AND THE HUNDREDS OF FIELD PERSONEL EMPLOYED BY THE RESPECTIVE CO-OPS.
IRS990/ProgSrvcAccomActy3Grp/Desc0ANNUAL MEETING: WECA HOSTS AN ANNUAL MEETING FOR ITS MEMBERS. MEMBER PARTICIPATION IN THIS EVENT IS APPROXIMATELY 150 PERSONS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0WECA'S OTHER PROGRAM SERVICES ARE THE SAFETY FIRST FARM REWIRING, LLC PROGRAM; WECA FINANCE MANAGER; LINE SUPERINTENDENTS; AND MEMBER SERVICES ASSOCIATION PROGRAMS. THESE PROGRAMS FOCUS ON ADDRESSING ELECTRIC SAFETY AND ANIMAL WELFARE CONCERNS AND PROVIDING TRAINING AND INFORMATION TO WECA'S MEMBERS. WECA ALSO PROVIDES NUMEROUS EDUCATIONAL PROGRAMS FOR ITS MEMBER COOPERATIVES THAT ARE DESIGNED TO HELP CO-OP EMPLOYEES AND BOARD DIRECTORS BETTER MEET THEIR RESPONSIBILITIES. SAFETY FIRST FARM REWIRING, LLC IS A GRANT PROGRAM FOR HELPING PRODUCERS UPGRADE ELECTRIC WIRING ON EXISTING DAIRY FARMS. WECA ALSO ORGANIZES TWO YOUTH LEADERSHIP PROGRAMS ANNUALLY. THE YOUTH PROGRAMS INTRODUCES STUDENTS FROM ACROSS THE STATE TO COOPERATIVE BUSINESS BASICS, DEMONSTRATES THE VALUE OF COOPERATION IN EVERYDAY LIFE, AND ALSO FOCUSES ON THE DEVELOPMENT OF LEADERSHIP SKILLS. WECA'S EDUATION PROGRAMS AND EMPLOYEE ASSOCIATION EVENTS LOG MORE THAN 1,000 REGISTRATIONS ANNUALLY. PARTICIPATION IN THE SAFTEY FIRST FARM REWIRING GRANT PROGRAM VARIES. THE MAXIMUM GRANT AMOUNT FOR AN ELIGIBLE APPLICANT IS $6,000
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