Civic Intelligence

Brown County Rural Electrical Association

990 • Fiscal year 2014 • EIN 41-0167135

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 03, 2015

Organization ProfileWWW.BROWNCOUNTYREA.COOP
PO Box 529Sleepy Eye, MN 56085

(507) 794-3331

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.60x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

43rd percentile

1.34x

Higher debt load relative to revenue than 43% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Net Margin

38th percentile

0.0%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

17th percentile

$109,016

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Asset Growth

79th percentile

5.6%

Faster asset growth than 79% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

5.9%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$33,587,993

Up $1,774,549 (+5.6%) from 2013

Net Assets

Up

$13,501,683

Up $443,893 (+3.4%) from 2013

Liabilities

Up

$20,086,310

Up $1,330,656 (+7.1%) from 2013

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin38th percentile

Revenue

Up

$14,961,175

Up $828,416 (+5.9%) from 2013

Expenses

Up

$14,958,492

Up $809,472 (+5.7%) from 2013

Net Income

Up

$2,683

Up $18,944 (+116%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $27,273,556Liabilities 2010: $15,249,891Net Assets 2010: $12,023,6652010Assets 2011: $27,789,353Liabilities 2011: $15,591,631Net Assets 2011: $12,197,7222011Assets 2012: $29,632,203Liabilities 2012: $17,033,967Net Assets 2012: $12,598,2362012Assets 2013: $31,813,444Liabilities 2013: $18,755,654Net Assets 2013: $13,057,7902013Assets 2014: $33,587,993Liabilities 2014: $20,086,310Net Assets 2014: $13,501,6832014Assets 2015: $35,400,968Liabilities 2015: $21,760,557Net Assets 2015: $13,640,4112015Assets 2016: $37,525,310Liabilities 2016: $22,744,346Net Assets 2016: $14,780,9642016Assets 2017: $38,418,453Liabilities 2017: $22,863,390Net Assets 2017: $15,555,0632017Assets 2018: $37,944,586Liabilities 2018: $21,370,765Net Assets 2018: $16,573,8212018Assets 2019: $40,485,127Liabilities 2019: $23,388,783Net Assets 2019: $17,096,3442019Assets 2020: $43,369,853Liabilities 2020: $24,665,321Net Assets 2020: $18,704,5322020Assets 2021: $44,068,104Liabilities 2021: $24,001,856Net Assets 2021: $20,066,2482021Assets 2022: $45,245,763Liabilities 2022: $24,080,029Net Assets 2022: $21,165,7342022Assets 2023: $47,777,901Liabilities 2023: $24,888,999Net Assets 2023: $22,888,9022023Assets 2024: $49,130,905Liabilities 2024: $25,068,333Net Assets 2024: $24,062,5722024

Highlighted filing

2014

Assets$33,587,993
Liabilities$20,086,310
Net Assets$13,501,683
Open 2014 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,637,0932010Expenses 2011: $12,928,3902011Expenses 2012: $13,334,8892012Revenue 2013: $14,132,759Expenses 2013: $14,149,020Net Income 2013: -$16,2612013Revenue 2014: $14,961,175Expenses 2014: $14,958,492Net Income 2014: $2,6832014Revenue 2015: $13,815,239Expenses 2015: $13,670,511Net Income 2015: $144,7282015Revenue 2016: $16,947,404Expenses 2016: $16,767,751Net Income 2016: $179,6532016Revenue 2017: $15,073,083Expenses 2017: $15,073,083Net Income 2017: $02017Revenue 2018: $15,157,269Expenses 2018: $15,206,128Net Income 2018: -$48,8592018Revenue 2019: $15,400,952Expenses 2019: $15,400,953Net Income 2019: -$12019Revenue 2020: $16,066,825Expenses 2020: $15,992,493Net Income 2020: $74,3322020Revenue 2021: $16,302,715Expenses 2021: $16,152,571Net Income 2021: $150,1442021Revenue 2022: $16,899,394Expenses 2022: $16,842,651Net Income 2022: $56,7432022Revenue 2023: $17,469,616Expenses 2023: $17,300,815Net Income 2023: $168,8012023Revenue 2024: $17,158,565Expenses 2024: $17,092,441Net Income 2024: $66,1242024

Highlighted filing

2014

Revenue$14,961,175
Expenses$14,958,492
Net Income$2,683
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 3, 2015
Return Version
2014v5.0
Gross Receipts
$15,082,817
Mission and Program Overview

Mission

The mission of brown county rural electric is to improve the quality of life for its members by providing reliable electricity and services that are competitively priced.

To provide electricity service to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,536,487$23,160,894▲ $1,624,407
Rtn Earn Endowment Incm Other Fnds$13,057,790$13,501,683▲ $443,893
Investments Program Related$6,059,484$6,674,385▲ $614,901
Savings and Temporary Cash Investments$1,649,580$1,355,673▼ $293,907
Accounts Receivable$800,189$827,704▲ $27,515
Prepaid Expenses and Deferred Charges$667,913$606,648▼ $61,265
Inventories for Sale or Use$584,765$533,588▼ $51,177
Other Notes and Loans Receivable, Net$308,333$226,111▼ $82,222
Investments Other Securities$200,836$198,456▼ $2,380
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$31,813,444$33,587,993▲ $1,774,549
Other Assets Total$5,657$4,334▼ $1,323
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,096,077$18,250,319▲ $1,154,242
Accounts Payable and Accrued Expenses$1,082,518$1,191,335▲ $108,817
Other Liabilities$551,597$551,603▲ $6
Deferred Revenue$25,462$93,053▲ $67,591
Total Liabilities$18,755,654$20,086,310▲ $1,330,656
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,057,790$13,501,683▲ $443,893
Total Liabilities and Net Assets / Fund Balance$31,813,444$33,587,993▲ $1,774,549

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,964,666$7,902,808$29,867,474
Equipment$890,362$2,181,302$3,071,664
Buildings$246,260$782,243$1,028,503
Land$59,606-$59,606
Investment Program Related Org$57,224--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Becky BradburnOffice ManagerFT$72,297$36,719$109,016
Wade HenselGeneral ManagerFT$76,297$29,739$106,036
James MickelsonPresidentPT$19,843-$19,843
Thomas HayesVice-presidentPT$18,221-$18,221
William BergDirectorPT$17,931-$17,931
James HansonSecretaryPT$17,676-$17,676
Bradley SprengerDirectorPT$17,531-$17,531
Reuben KokeschDirectorPT$16,967-$16,967
Joel ChristensenDirectorPT$16,781-$16,781
Allen HansonDirectorPT$15,911-$15,911
Gregory MagesDirectorPT$12,900-$12,900
Elmer GuggisbergDirector-$1,104-$1,104

Highest Paid Contractors

ContractorServicesLocationCompensation
Carr's Tree ServiceTree TrimmingPO BOX 250, Ottertail, MN 56571$182,804
Zinniel Utility ContractingUtility Work4 SOMSEN STREET, New Ulm, MN 56073$101,726
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,252,454
Investment Income
$51,892
Other Revenue
$656,829
Change in Net Assets
$2,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,958,494
Revenue Not Reported on Financial Statements
$2,681
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$2,681
Total Revenue per Audited Statements
$14,958,494
Total Revenue per Form 990
$14,961,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,642,917
Salaries, Compensation, and Employee Benefits$369,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,219,133
Benefits to Members---$945,658
Other Expenses---$728,612
Interest---$626,019
All Other Expenses---$584,499
Current Officers, Directors, Trustees, and Key Employees---$369,917
Total Functional Expenses$0$0$0$14,958,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,958,492
Expenses per Audited Statements$14,012,834
Total Expenses per Audited Statements$14,012,834
Expenses Not Reported on Financial Statements$945,658
Other Expense Adjustments$945,658
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Reuben KokeschBoard MemberReuben Kokesch Is a Board Member of Great River Energy Which Is the Cooperatives Power Supplier.No$9,694,845
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Provision for Pension Benefits$446,305
Deferred Comp Liability$54,518
Customer Deposits$50,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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

“All electric customers are voting members of the cooperative. Each member has one vote.”

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

“Members vote for the board of directors at the cooperative's annual meeting. The board consists of 9 members with 3 year terms. Each year three seats are up for re-election.”

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

“Members vote on changes to by-laws and articles of incorporation. There is one class of membership.”

Form 990, Part VI, Section A, Line 8B

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

Form 990, Part VI, Section B, Line 11

“The office manager reviews the 990 in detail. After her review, the 990 is provided to each board member and the general manager. The board meets every other month, and will review and approve the 990 at the next scheduled board meeting. The 990 will then be filed with the irs.”

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

“The conflict of interest policy covers all members of the board of directors. The general manager and the board of directors review the potential conflicts to determine if a conflict exists. If a conflict exists, the conflicted board member or officer is excluded from discussions and votes related to the potential or existing relationship involving the conflict of interest. The remaining board members and officers will review, for fairness, all past transactions involving the conflict of interest. Legal remedies will be considered if needed.”

Form 990, Part VI, Section B, Line 15

“The general manager's compensation is reviewed and approved by the board of directors on an annual basis. This was last completed in 2014. Staff compensation is reviewed and approved by the general manager and the board of directors annually. This was last completed in 2014.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to members for review by appointment at the cooperative.”

Form 990, Part VII, Section A

“Brown county paid michael heidemann, operations manager, over $100,000 in 2014. However, benco electric cooperative, an unrelated entity, reimburses brown county 40% of michael's wages and benefits. Since brown county's share of michael's wages and benefits is not over $100,000 he is not included on form 990, part vii, section a. The following were the total amounts paid to michael for the year: wages-$114,355, deferred compensation-$20,709, and non-taxable benefits-$21,944.”

Filing and Contact Details

Filer

Filer Name
Brown County Rural Electrical Association
EIN
41-0167135
Phone
5077943331
Address
PO BOX 529, SLEEPY EYE, MN 56085

Signing Officer

Name
Wade Hensel
Title
General Manager
Phone
5077943331
Signed
2015-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wade Hensel
Formed
1937
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
19
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Craig Popenhagen
Phone
5074347000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Capital credits retired -514,596. Membership changes 15. Amortization of loss related to postretirement benefit plan 12,814. Heartland security services k-1 book to tax difference -2,681. Patronage dividends allocated 945,658.”

Financial Statement Notes

PART X, LINE 2:

“The cooperative is exempt from income taxes under section 501(c)(12) of the internal revenue code. Accordingly, no provision for income taxes has been recorded at december 31, 2014 and 2013. The cooperative adopted the income tax standard for uncertain tax positions on january 1, 2013. As a result of implementation, the cooperative evaluated its tax positions and determined no uncertain tax positions as of december 31, 2014. With few exceptions, the cooperative is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2011.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Heartland security services k-1 book to tax difference 2,681.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Patronage dividends allocated 945,658.”

Raw XML AppendixShowing 400 of 511 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11OFFICE MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015082817
IRS990/GrossSalesOfInventoryAmt0122234
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0626019
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0584765
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0533588
IRS990/InvestmentIncomeGrp/ExclusionAmt051892
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051892
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0200836
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0198456
IRS990/InvestmentsProgramRelatedGrp/BOYAmt06059484
IRS990/InvestmentsProgramRelatedGrp/EOYAmt06674385
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010866353
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021536487
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023160894
IRS990/LandBldgEquipCostOrOtherBssAmt034027247
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt014617573
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF BROWN COUNTY RURAL ELECTRIC IS TO IMPROVE THE QUALITY OF LIFE FOR ITS MEMBERS BY PROVIDING RELIABLE ELECTRICITY AND SERVICES THAT ARE COMPETITIVELY PRICED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt017096077
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018250319
IRS990/NetAssetsOrFundBalancesBOYAmt013057790
IRS990/NetAssetsOrFundBalancesEOYAmt013501683
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0576
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0592
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt016
IRS990/NetUnrelatedBusTxblIncmAmt010946
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05657
IRS990/OtherAssetsTotalGrp/EOYAmt04334
IRS990/OtherChangesInNetAssetsAmt0441210
IRS990/OtherExpensesGrp/Desc0TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1COST OF POWER
IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL EXPENSE
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/TotalAmt06
IRS990/OtherExpensesGrp/TotalAmt19694845
IRS990/OtherExpensesGrp/TotalAmt2789803
IRS990/OtherExpensesGrp/TotalAmt3728612
IRS990/OtherLiabilitiesGrp/BOYAmt0551597
IRS990/OtherLiabilitiesGrp/EOYAmt0551603
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1561700
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1HEARTLAND SECURITY SERVICES K-1
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0643556
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0643556
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112681
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012681
IRS990/OtherRevenueTotalAmt0656237
IRS990/OtherSourcesGrossIncomeAmt0335242
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0308333
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0226111
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0667913
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0606648
IRS990/PrincipalOfficerNm0WADE HENSEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014252454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014252454
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01084791
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt088989
IRS990/PYOtherExpensesAmt012712332
IRS990/PYOtherRevenueAmt0504613
IRS990/PYProgramServiceRevenueAmt013539157
IRS990/PYRevenuesLessExpensesAmt0-16261
IRS990/PYSalariesCompEmpBnftPaidAmt0351897
IRS990/PYTotalExpensesAmt014149020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014132759
IRS990/ReconcilationRevenueExpnssAmt02683
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013057790
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013501683
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01649580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01355673
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0246260
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0782243
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01028503
IRS990ScheduleD/EquipmentGrp/BookValueAmt0890362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02181302
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03071664
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0945658
IRS990ScheduleD/ExpensesSubtotalAmt014012834
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05304672
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1728976
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2424186
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3159327
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt457224
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0GREAT RIVER ENERGY - PAT. CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2COOP TELEVISION ASSN - PAT. CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RESCO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt059606
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt059606
IRS990ScheduleD/OtherExpensesNotIncludedAmt0945658
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021964666
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07902808
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029867474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0446305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt250780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED PROVISION FOR PENSION BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSTOMER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02681
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02681
IRS990ScheduleD/RevenueSubtotalAmt014958494
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2014 AND 2013. THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2013. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1HEARTLAND SECURITY SERVICES K-1 BOOK TO TAX DIFFERENCE 2,681.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PATRONAGE DIVIDENDS ALLOCATED 945,658.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023160894
IRS990ScheduleD/TotalBookValueProgramRltdAmt06674385
IRS990ScheduleD/TotalExpensesPerForm990Amt014958492
IRS990ScheduleD/TotalLiabilityAmt0551603
IRS990ScheduleD/TotalRevenuePerForm990Amt014961175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014958494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014012834
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt076297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt016369
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01928
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WADE HENSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0106036
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION PROVIDES TRAVEL FOR THE GENERAL MANAGER'S SPOUSE TO THE NRECA ANNUAL MEETING. THE ASSOCIATION PAYS ROTARY DUES TO PROMOTE COMMUNITY INVOLVEMENT.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1WADE HENSEL, GENERAL MANAGER, IS PAID BY BENCO ELECTRIC COOPERATIVE, AN UNRELATED ENTITY. BROWN COUNTY REIMBURSES BENCO ELECTRIC COOPERATIVE 40% OF WADE'S WAGES AND BENEFITS. THE AMOUNTS REPORTED ON SCHEDULE J REPRESENT BROWN COUNTY'S SHARE OF THE GENERAL MANAGER'S WAGES AND BENEFITS. BENCO PAID THE FOLLOWING FOR WADE: WAGES-$117,338, DEFERRED COMPENSATION-$24,554, NON-TAXABLE BENEFITS-$17,162.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0REUBEN KOKESCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09694845
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0REUBEN KOKESCH IS A BOARD MEMBER OF GREAT RIVER ENERGY WHICH IS THE COOPERATIVES POWER SUPPLIER.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL ELECTRIC CUSTOMERS ARE VOTING MEMBERS OF THE COOPERATIVE. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE COOPERATIVE'S ANNUAL MEETING. THE BOARD CONSISTS OF 9 MEMBERS WITH 3 YEAR TERMS. EACH YEAR THREE SEATS ARE UP FOR RE-ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE ON CHANGES TO BY-LAWS AND ARTICLES OF INCORPORATION. THERE IS ONE CLASS OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COOPERATIVE DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICE MANAGER REVIEWS THE 990 IN DETAIL. AFTER HER REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER AND THE GENERAL MANAGER. THE BOARD MEETS EVERY OTHER MONTH, AND WILL REVIEW AND APPROVE THE 990 AT THE NEXT SCHEDULED BOARD MEETING. THE 990 WILL THEN BE FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS. THE GENERAL MANAGER AND THE BOARD OF DIRECTORS REVIEW THE POTENTIAL CONFLICTS TO DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO THE POTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT OF INTEREST. THE REMAINING BOARD MEMBERS AND OFFICERS WILL REVIEW, FOR FAIRNESS, ALL PAST TRANSACTIONS INVOLVING THE CONFLICT OF INTEREST. LEGAL REMEDIES WILL BE CONSIDERED IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GENERAL MANAGER'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THIS WAS LAST COMPLETED IN 2014. STAFF COMPENSATION IS REVIEWED AND APPROVED BY THE GENERAL MANAGER AND THE BOARD OF DIRECTORS ANNUALLY. THIS WAS LAST COMPLETED IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS FOR REVIEW BY APPOINTMENT AT THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CAPITAL CREDITS RETIRED -514,596. MEMBERSHIP CHANGES 15. AMORTIZATION OF LOSS RELATED TO POSTRETIREMENT BENEFIT PLAN 12,814. HEARTLAND SECURITY SERVICES K-1 BOOK TO TAX DIFFERENCE -2,681. PATRONAGE DIVIDENDS ALLOCATED 945,658.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BROWN COUNTY PAID MICHAEL HEIDEMANN, OPERATIONS MANAGER, OVER $100,000 IN 2014. HOWEVER, BENCO ELECTRIC COOPERATIVE, AN UNRELATED ENTITY, REIMBURSES BROWN COUNTY 40% OF MICHAEL'S WAGES AND BENEFITS. SINCE BROWN COUNTY'S SHARE OF MICHAEL'S WAGES AND BENEFITS IS NOT OVER $100,000 HE IS NOT INCLUDED ON FORM 990, PART VII, SECTION A. THE FOLLOWING WERE THE TOTAL AMOUNTS PAID TO MICHAEL FOR THE YEAR: WAGES-$114,355, DEFERRED COMPENSATION-$20,709, AND NON-TAXABLE BENEFITS-$21,944.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,587,993
Liabilities
$20,086,310
Net assets
$13,501,683
Revenue
$14,961,175
Expenses
$14,958,492
Net income
$2,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.1$25.1$24.1$17.2$17.1$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.8$24.9$22.9$17.5$17.3$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$24.1$21.2$16.9$16.8$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.1$24.0$20.1$16.3$16.2$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.4$24.7$18.7$16.1$16.0$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.5$23.4$17.1$15.4$15.4$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.9$21.4$16.6$15.2$15.2$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.4$22.9$15.6$15.1$15.1$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.5$22.7$14.8$16.9$16.8$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$21.8$13.6$13.8$13.7$0.14
2014Detailed filing. Detailed filing data is available for this year.$33.6$20.1$13.5$15.0$15.0$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$31.8$18.8$13.1$14.1$14.1$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$17.0$12.6$13.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$15.6$12.2$12.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$15.2$12.0$11.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)12 • $25M-$50M nonprofits