Civic Intelligence

Steele Waseca Cooperative Electric

990 • Fiscal year 2013 • EIN 41-0558515

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 25, 2014

2411 West Bridge StreetOwatonna, MN 55060

(507) 451-7340

Siviq Scores

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

Liabilities / Assets

54th percentile

0.57x

Higher debt load relative to assets than 54% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

38th percentile

1.18x

Higher debt load relative to revenue than 38% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Net Margin

51st percentile

0.0%

Higher net margin than 51% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

50th percentile

$211,272

Higher top officer pay than 50% of similar nonprofits.

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Asset Growth

12th percentile

1.2%

Faster asset growth than 12% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$64,827,421

Up $799,404 (+1.2%) from 2012

Net Assets

Up

$28,182,275

Up $3,147,659 (+13%) from 2012

Liabilities

Down

$36,645,146

Down $2,348,255 (-6.0%) from 2012

Revenue

$31,095,831

No earlier filing loaded for comparison.

Expenses

Up

$31,095,831

Up $2,413,675 (+8.4%) from 2012

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $58,589,873Liabilities 2010: $37,090,636Net Assets 2010: $21,499,2372010Assets 2011: $60,862,154Liabilities 2011: $38,059,182Net Assets 2011: $22,802,9722011Assets 2012: $64,028,017Liabilities 2012: $38,993,401Net Assets 2012: $25,034,6162012Assets 2013: $64,827,421Liabilities 2013: $36,645,146Net Assets 2013: $28,182,2752013Assets 2014: $67,407,770Liabilities 2014: $36,593,607Net Assets 2014: $30,814,1632014Assets 2015: $76,526,517Liabilities 2015: $43,826,449Net Assets 2015: $32,700,0682015Assets 2016: $77,308,975Liabilities 2016: $41,727,519Net Assets 2016: $35,581,4562016Assets 2017: $80,683,559Liabilities 2017: $43,469,396Net Assets 2017: $37,214,1632017Assets 2018: $81,661,170Liabilities 2018: $42,272,676Net Assets 2018: $39,388,4942018Assets 2019: $84,103,429Liabilities 2019: $42,120,249Net Assets 2019: $41,983,1802019Assets 2020: $84,043,217Liabilities 2020: $39,660,852Net Assets 2020: $44,382,3652020Assets 2021: $93,180,056Liabilities 2021: $46,808,679Net Assets 2021: $46,371,3772021Assets 2022: $99,899,632Liabilities 2022: $53,166,954Net Assets 2022: $46,732,6782022Assets 2023: $110,810,113Liabilities 2023: $60,430,381Net Assets 2023: $50,379,7322023Assets 2024: $111,468,613Liabilities 2024: $59,790,228Net Assets 2024: $51,678,3852024

Highlighted filing

2013

Assets$64,827,421
Liabilities$36,645,146
Net Assets$28,182,275

Operations Trend

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

$60M$40M$20M$0Expenses 2010: $23,486,2542010Expenses 2011: $25,531,4742011Expenses 2012: $28,682,1562012Revenue 2013: $31,095,831Expenses 2013: $31,095,831Net Income 2013: $02013Revenue 2014: $32,136,455Expenses 2014: $32,136,455Net Income 2014: $02014Revenue 2015: $33,610,988Expenses 2015: $33,498,835Net Income 2015: $112,1532015Revenue 2016: $38,744,001Expenses 2016: $38,744,001Net Income 2016: $02016Revenue 2017: $39,569,632Expenses 2017: $39,569,632Net Income 2017: $02017Revenue 2018: $40,549,117Expenses 2018: $40,549,117Net Income 2018: $02018Revenue 2019: $39,882,173Expenses 2019: $39,882,173Net Income 2019: $02019Revenue 2020: $38,367,246Expenses 2020: $38,367,246Net Income 2020: $02020Revenue 2021: $37,750,212Expenses 2021: $37,750,212Net Income 2021: $02021Revenue 2022: $39,111,435Expenses 2022: $39,111,435Net Income 2022: $02022Revenue 2023: $45,660,073Expenses 2023: $45,660,073Net Income 2023: $02023Revenue 2024: $45,031,382Expenses 2024: $45,031,382Net Income 2024: $02024

Highlighted filing

2013

Revenue$31,095,831
Expenses$31,095,831
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 25, 2014
Return Version
2013v3.0
Gross Receipts
$31,119,395
Mission and Program Overview

Mission

The mission of steele-waseca cooperative electric is to provide competitive, reliable quality service to our membership.

Cooperative electric utility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,817,639$41,550,120▲ $1,732,481
Rtn Earn Endowment Incm Other Fnds$25,019,944$28,167,609▲ $3,147,665
Investments Program Related$9,327,137$10,234,628▲ $907,491
Accounts Receivable$4,110,571$4,772,858▲ $662,287
Investments Other Securities$5,114,414$2,514,393▼ $2,600,021
Savings and Temporary Cash Investments$2,389,517$2,074,542▼ $314,975
Prepaid Expenses and Deferred Charges$426,997$1,331,111▲ $904,114
Other Notes and Loans Receivable, Net$1,329,944$1,149,292▼ $180,652
Cash and Non-Interest-Bearing Accounts$896,114$651,853▼ $244,261
Inventories for Sale or Use$541,975$509,474▼ $32,501
Cap Stk Tr Prin Current Funds$14,672$14,666▼ $6
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$64,028,017$64,827,421▲ $799,404
Other Assets Total$73,709$39,150▼ $34,559
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,374,669$29,585,986▼ $2,788,683
Accounts Payable and Accrued Expenses$3,698,204$4,028,564▲ $330,360
Other Liabilities$2,920,528$3,030,596▲ $110,068
Total Liabilities$38,993,401$36,645,146▼ $2,348,255
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,034,616$28,182,275▲ $3,147,659
Total Liabilities and Net Assets / Fund Balance$64,028,017$64,827,421▲ $799,404

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$38,297,749$17,550,983$55,848,732
Buildings$1,831,231$1,036,876$2,868,107
Equipment$1,127,796$1,470,803$2,598,599
Land$293,344-$293,344
Investment Program Related Org$218,509--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sydney BriggsGeneral ManagerFT$150,305$69,276$219,581
David LundbergFinance ManagerFT$113,175$90,380$203,555
Douglas HughesMarketing ManagerFT$100,600$67,839$168,439
Jack SchwabRelief Crew ChiefFT$104,425$51,297$155,722
John BealDirectorPT$36,145-$36,145
Renee MalechaDirectorPT$36,080-$36,080
Raymond DucheneVice-president (jan-june)PT$35,575-$35,575
Duane EdwardsonDirectorPT$34,920-$34,920
Kenneth PrestegardVice-president (june-dec)PT$34,720-$34,720
Gary WilsonSecretary/treasurerPT$29,758-$29,758
Dennis RinghoferDirectorPT$27,939-$27,939
Geraldine LienkeActing Secretary/treasurerPT$27,512-$27,512
Donald KolbPresidentPT$26,964-$26,964

Highest Paid Contractors

ContractorServicesLocationCompensation
Carr's Tree ServiceTree Clearing-$339,464
Midwest Diversified UtilitiesUnderground Utility Construction-$298,248
Legacy Power Line INCLine Maintenance-$204,810
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,107,583
Investment Income
$872,926
Other Revenue
$1,115,322
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,061,651
Revenue Not Reported on Financial Statements
$34,180
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$34,180
Total Revenue per Audited Statements
$31,061,651
Total Revenue per Form 990
$31,095,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,627,884
Salaries, Compensation, and Employee Benefits$698,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,769,500
Depreciation Depletion---$2,286,650
Interest---$1,812,443
All Other Expenses---$1,304,055
Other Expenses---$1,009,553
Current Officers, Directors, Trustees, and Key Employees---$698,447
Total Functional Expenses$0$0$0$31,095,831

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$31,095,831
Expenses per Audited Statements$27,292,151
Total Expenses per Audited Statements$27,292,151
Expenses Not Reported on Financial Statements$3,803,680
Other Expense Adjustments$3,803,680
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accum Provision for Pension & Benef$3,007,661
Deferred Credits$22,935
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The company is a member owned cooperative.

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

At the annual meeting 3 directors are elected annually to 3 year terms. No absentee ballots are allowed. All members can vote if present at the annual meeting.

Form 990, Part VI, Section B, Line 11

All board members received an electronic version of form 990 before it was filed.

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

Corporate council reviews the conflict of interest policy at the organizational meeting with the entire board of directors.

Form 990, Part VI, Section B, Line 15A

The board of directors as the governing body and corporate council conducted a performance and compensation review. Compensation was set by the board of directors based on a performance review and national compensation surveys.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
41-0558515
Phone
5074517340

Signing Officer

Name
Sydney Briggs
Title
General Manager
Phone
5074517340
Signed
2014-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sydney Briggs
Formed
1936
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
33
Volunteers
0

Preparer

Preparer
Craig Popenhagen
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 4

The irs instructions state that patronage dividends paid by section 501(c)(12) organizations to their members should be reported on line 4. The organization has interpreted patronage dividends paid to mean patronage dividends allocated or to be allocated for the current year. Since this allocation is not an expense under generally accepted accounting principles (gaap), this has resulted in a reconciling item to net assets in part xi on page 12 of the form 990.

FORM 990, PART XI, LINE 9:

Capital credits retired -530,662. Estate settlements -91,173. Memberships -6. Patronage dividends allocated 3,769,500.

Form 990, Part XII, Line 2C

The cooperative's board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of its independent accountant. This process has not changed from the prior year.

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, 2013 and 2012. The cooperative adopted the income tax standard for uncertain tax positions on january 1, 2011. As a result of implementation, the cooperative evaluated its tax positions and determined that it had no uncertain tax positions as of december 31, 2013. With few exceptions, the cooperative is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2010.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

WIRING EXPENSE 34,180.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Wiring expense 34,180. Patronage dividends allocated 3,769,500.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT (JAN-JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDENT (JUNE-DEC)
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-958
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt022606
IRS990/GrossReceiptsAmt031119395
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01812443
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0541975
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0509474
IRS990/InvestmentIncomeGrp/ExclusionAmt0873884
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0873884
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05114414
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02514393
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09327137
IRS990/InvestmentsProgramRelatedGrp/EOYAmt010234628
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020058662
IRS990/LandBldgEquipBasisNetGrp/BOYAmt039817639
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041550120
IRS990/LandBldgEquipCostOrOtherBssAmt061608782
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt023564
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt029301612
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF STEELE-WASECA COOPERATIVE ELECTRIC IS TO PROVIDE COMPETITIVE, RELIABLE QUALITY SERVICE TO OUR MEMBERSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032374669
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029585986
IRS990/NetAssetsOrFundBalancesBOYAmt025034616
IRS990/NetAssetsOrFundBalancesEOYAmt028182275
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-958
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-958
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt073709
IRS990/OtherAssetsTotalGrp/EOYAmt039150
IRS990/OtherChangesInNetAssetsAmt03147659
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1ADMIN AND GENERAL EXPEN
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/TotalAmt017924692
IRS990/OtherExpensesGrp/TotalAmt11198667
IRS990/OtherExpensesGrp/TotalAmt21091824
IRS990/OtherExpensesGrp/TotalAmt31009553
IRS990/OtherLiabilitiesGrp/BOYAmt02920528
IRS990/OtherLiabilitiesGrp/EOYAmt03030596
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1523000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1AMORTIZED BOND DISCOUNT
IRS990/OtherRevenueMiscGrp/Desc2ELECTRIC WIRING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0988742
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt191833
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0988742
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt191833
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt234747
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt034747
IRS990/OtherRevenueTotalAmt01115322
IRS990/OtherSourcesGrossIncomeAmt01044886
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01329944
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01149292
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0426997
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01331111
IRS990/PrincipalOfficerNm0SYDNEY BRIGGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1OTHER ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028879161
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1228422
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028879161
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1228422
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02548657
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0818305
IRS990/PYOtherExpensesAmt025498746
IRS990/PYOtherRevenueAmt01139219
IRS990/PYProgramServiceRevenueAmt027025211
IRS990/PYRevenuesLessExpensesAmt0300579
IRS990/PYSalariesCompEmpBnftPaidAmt0634753
IRS990/PYTotalExpensesAmt028682156
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt028982735
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025019944
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028167609
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02389517
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02074542
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01831231
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01036876
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02868107
IRS990ScheduleD/EquipmentGrp/BookValueAmt01127796
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01470803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02598599
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03803680
IRS990ScheduleD/ExpensesSubtotalAmt027292151
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09424850
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1591269
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2218509
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CAPITAL CREDITS - GRE & CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL TERM CERTIFICATES - CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER INVESTMENTS IN ASSOC ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0293344
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0293344
IRS990ScheduleD/OtherExpensesNotIncludedAmt03803680
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038297749
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017550983
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055848732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03007661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROVISION FOR PENSION & BENEF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt034180
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt034180
IRS990ScheduleD/RevenueSubtotalAmt031061651
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, 2013 AND 2012. THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2011. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1WIRING EXPENSE 34,180.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2WIRING EXPENSE 34,180. PATRONAGE DIVIDENDS ALLOCATED 3,769,500.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041550120
IRS990ScheduleD/TotalBookValueProgramRltdAmt010234628
IRS990ScheduleD/TotalExpensesPerForm990Amt031095831
IRS990ScheduleD/TotalLiabilityAmt03030596
IRS990ScheduleD/TotalRevenuePerForm990Amt031095831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt031061651
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt027292151
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150305
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1113175
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2100600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3104425
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt037899
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt161319
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt250334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt321469
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$59.8$51.7$45.0$45.0$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$60.4$50.4$45.7$45.7$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.9$53.2$46.7$39.1$39.1$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.2$46.8$46.4$37.8$37.8$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.0$39.7$44.4$38.4$38.4$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.1$42.1$42.0$39.9$39.9$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.7$42.3$39.4$40.5$40.5$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.7$43.5$37.2$39.6$39.6$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.3$41.7$35.6$38.7$38.7$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.5$43.8$32.7$33.6$33.5$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.4$36.6$30.8$32.1$32.1$0.00
2013Detailed filing. Detailed filing data is available for this year.$64.8$36.6$28.2$31.1$31.1$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.0$39.0$25.0$28.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.9$38.1$22.8$25.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.6$37.1$21.5$23.5