Civic Intelligence

Steele Waseca Cooperative Electric

990 • Fiscal year 2016 • EIN 41-0558515

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 27, 2017

Organization ProfileWWW.SWCE.COOP
2411 West Bridge Street PO Box 485Owatonna, MN 55060

(507) 451-7340

Siviq Scores

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

Liabilities / Assets

49th percentile

0.54x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

1.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$262,309

Higher top officer pay than 68% of similar nonprofits.

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

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Asset Growth

24th percentile

1.0%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

91st percentile

15%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$77,308,975

Up $782,458 (+1.0%) from 2015

Net Assets

Up

$35,581,456

Up $2,881,388 (+8.8%) from 2015

Liabilities

Down

$41,727,519

Down $2,098,930 (-4.8%) from 2015

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin46th percentile

Revenue

Up

$38,744,001

Up $5,133,013 (+15%) from 2015

Expenses

Up

$38,744,001

Up $5,245,166 (+16%) from 2015

Net Income

Down

$0

Down $112,153 (-100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2016

Assets$77,308,975
Liabilities$41,727,519
Net Assets$35,581,456
Open 2016 Filing

Operations Trend

Revenue Growth91st percentile

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

2016

Revenue$38,744,001
Expenses$38,744,001
Net Income$0
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$38,800,841
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$50,915,842$52,210,095▲ $1,294,253
Rtn Earn Endowment Incm Other Fnds$32,682,870$35,564,204▲ $2,881,334
Investments Program Related$12,030,155$13,917,225▲ $1,887,070
Accounts Receivable$5,516,404$5,468,814▼ $47,590
Prepaid Expenses and Deferred Charges$1,599,420$1,711,006▲ $111,586
Other Notes and Loans Receivable, Net$1,614,282$1,366,266▼ $248,016
Cash and Non-Interest-Bearing Accounts$905,036$914,635▲ $9,599
Savings and Temporary Cash Investments$3,263,486$859,529▼ $2,403,957
Inventories for Sale or Use$675,108$854,640▲ $179,532
Cap Stk Tr Prin Current Funds$17,198$17,252▲ $54
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$76,526,517$77,308,975▲ $782,458
Other Assets Total$6,784$6,765▼ $19
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,440,113$31,915,538▼ $2,524,575
Accounts Payable and Accrued Expenses$5,125,600$5,653,180▲ $527,580
Other Liabilities$4,260,736$4,158,801▼ $101,935
Total Liabilities$43,826,449$41,727,519▼ $2,098,930
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,700,068$35,581,456▲ $2,881,388
Total Liabilities and Net Assets / Fund Balance$76,526,517$77,308,975▲ $782,458

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$46,858,704$25,286,489$72,145,193
Equipment$3,092,029$1,483,590$4,575,619
Buildings$1,961,157$1,208,962$3,170,119
Land$298,205-$298,205
Investment Program Related Org$1,091,361--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sydney BriggsGeneral ManagerFT$178,046$87,813$265,859
Kim HuxfordOperations ManagerFT$112,639$85,517$198,156
Jack SchwabLine ForemanFT$124,453$61,299$185,752
David LundbergFinance ManagerFT$122,561$62,270$184,831
Nordean HartleLine ForemanFT$108,059$68,210$176,269
James WoltersLine ForemanFT$109,575$66,684$176,259
Douglas HughesMarketing ManagerFT$103,611$59,850$163,461
Patrick DucheneDirectorPT$36,623-$36,623
Renee MalechaActing Secretary/treasurerPT$34,793-$34,793
Duane EdwardsonDirectorPT$30,293-$30,293
Gary WilsonPresidentPT$26,783-$26,783
John BealVice-presidentPT$24,783-$24,783
Dennis RinghoferDirectorPT$23,613-$23,613
Ronald SommersDirectorPT$15,880-$15,880
Geraldine LienkeSecretary/treasurerPT$12,920-$12,920
Rodney KrellDirectorPT$12,505-$12,505

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Diversified UtilitiesUnderground Utility Construction10583 250TH STREET, Onamia, MN 56359$734,323
Carr's Tree ServiceTree ClearingPO BOX 250, Ottertail, MN 56571$401,387
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,459,951
Investment Income
$989,897
Other Revenue
$1,294,153
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,722,404
Revenue Not Reported on Financial Statements
$21,597
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$21,597
Total Revenue per Audited Statements
$38,722,404
Total Revenue per Form 990
$38,744,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,227,527
Salaries, Compensation, and Employee Benefits$662,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,853,599
Depreciation Depletion---$2,846,524
Interest---$1,833,213
All Other Expenses---$1,437,830
Other Expenses---$1,174,679
Current Officers, Directors, Trustees, and Key Employees---$662,875
Total Functional Expenses$0$0$0$38,744,001

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$38,744,001
Expenses per Audited Statements$34,868,805
Total Expenses per Audited Statements$34,868,805
Expenses Not Reported on Financial Statements$3,875,196
Other Expense Adjustments$3,875,196
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$4,073,528
Deferred Credits$85,273
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 11B

“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

Filer Name
Steele-waseca Cooperative Electric
EIN
41-0558515
Phone
5074517340
Address
2411 WEST BRIDGE STREET PO BOX 485, OWATONNA, MN 55060

Signing Officer

Name
Sydney Briggs
Title
General Manager
Phone
5074517340
Signed
2017-10-27
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
34
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 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 and in part xii on schedule d.”

FORM 990, PART XI, LINE 9:

“Patronage dividends allocated 3,853,599. Capital credits retired -898,249. Estate settlements -74,016. Membership changes 54.”

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, 2016 and 2015. The cooperative evaluated its tax positions and determined that it had no uncertain tax positions as of december 31, 2016 and 2015.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“WIRING EXPENSE 21,597.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Patronage dividends allocated 3,853,599. Wiring expense 21,597.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ACTING SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9FINANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MARKETING MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINE FOREMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-22012
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt034828
IRS990/GrossReceiptsAmt038800841
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01833213
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0675108
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0854640
IRS990/InvestmentIncomeGrp/ExclusionAmt01011909
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01011909
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt012030155
IRS990/InvestmentsProgramRelatedGrp/EOYAmt013917225
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027979041
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050915842
IRS990/LandBldgEquipBasisNetGrp/EOYAmt052210095
IRS990/LandBldgEquipCostOrOtherBssAmt080189136
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt056840
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt036764851
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/BOYAmt034440113
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt031915538
IRS990/NetAssetsOrFundBalancesBOYAmt032700068
IRS990/NetAssetsOrFundBalancesEOYAmt035581456
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-22012
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-22012
IRS990/NetUnrelatedBusTxblIncmAmt0-962
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06784
IRS990/OtherAssetsTotalGrp/EOYAmt06765
IRS990/OtherChangesInNetAssetsAmt02881388
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/Desc2ADMIN AND GENERAL EXPEN
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/TotalAmt024227669
IRS990/OtherExpensesGrp/TotalAmt11456185
IRS990/OtherExpensesGrp/TotalAmt21251427
IRS990/OtherExpensesGrp/TotalAmt31174679
IRS990/OtherLiabilitiesGrp/BOYAmt04260736
IRS990/OtherLiabilitiesGrp/EOYAmt04158801
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2523000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1ELECTRIC WIRING
IRS990/OtherRevenueMiscGrp/Desc2AMORTIZED BOND DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01273137
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1381
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01273137
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt120635
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2381
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt020635
IRS990/OtherRevenueTotalAmt01294153
IRS990/OtherSourcesGrossIncomeAmt01193360
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01614282
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01366266
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01599420
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01711006
IRS990/PrincipalOfficerNm0SYDNEY BRIGGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1OTHER ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035979668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1480283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035979668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1480283
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02632776
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01034882
IRS990/PYOtherExpensesAmt030069949
IRS990/PYOtherRevenueAmt0637214
IRS990/PYProgramServiceRevenueAmt031938892
IRS990/PYRevenuesLessExpensesAmt0112153
IRS990/PYSalariesCompEmpBnftPaidAmt0796110
IRS990/PYTotalExpensesAmt033498835
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033610988
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032682870
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035564204
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03263486
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0859529
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01961157
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01208962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03170119
IRS990ScheduleD/EquipmentGrp/BookValueAmt03092029
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01483590
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04575619
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03875196
IRS990ScheduleD/ExpensesSubtotalAmt034868805
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt012239090
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1586774
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21091361
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/BookValueAmt0298205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0298205
IRS990ScheduleD/OtherExpensesNotIncludedAmt03875196
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046858704
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025286489
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072145193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04073528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt185273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROVISION FOR PENSION & BENEF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt021597
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021597
IRS990ScheduleD/RevenueSubtotalAmt038722404
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, 2016 AND 2015. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1WIRING EXPENSE 21,597.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PATRONAGE DIVIDENDS ALLOCATED 3,853,599. WIRING EXPENSE 21,597.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt052210095
IRS990ScheduleD/TotalBookValueProgramRltdAmt013917225
IRS990ScheduleD/TotalExpensesPerForm990Amt038744001
IRS990ScheduleD/TotalLiabilityAmt04158801
IRS990ScheduleD/TotalRevenuePerForm990Amt038744001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt038722404
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034868805
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0122561
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1178046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2103611
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3108059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4109575
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5112639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6124453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$77,308,975
Liabilities
$41,727,519
Net assets
$35,581,456
Revenue
$38,744,001
Expenses
$38,744,001
Net income
$0
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
2016Detailed filing. Detailed filing data is available for this year.$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
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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