Civic Intelligence

Steele Waseca Cooperative Electric

990 • Fiscal year 2017 • EIN 41-0558515

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 02, 2018

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

52nd percentile

0.54x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

1.10x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$279,717

Higher top officer pay than 66% of similar nonprofits.

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

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

70th percentile

4.4%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

2.1%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$80,683,559

Up $3,374,584 (+4.4%) from 2016

Net Assets

Up

$37,214,163

Up $1,632,707 (+4.6%) from 2016

Liabilities

Up

$43,469,396

Up $1,741,877 (+4.2%) from 2016

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin47th percentile

Revenue

Up

$39,569,632

Up $825,631 (+2.1%) from 2016

Expenses

Up

$39,569,632

Up $825,631 (+2.1%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2017

Assets$80,683,559
Liabilities$43,469,396
Net Assets$37,214,163
Open 2017 Filing

Operations Trend

Revenue Growth49th 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

2017

Revenue$39,569,632
Expenses$39,569,632
Net Income$0
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 2, 2018
Return Version
2017v2.3
Gross Receipts
$39,589,128
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$52,210,095$53,340,302▲ $1,130,207
Rtn Earn Endowment Incm Other Fnds$35,564,204$37,196,951▲ $1,632,747
Investments Program Related$13,917,225$14,849,900▲ $932,675
Accounts Receivable$5,468,814$5,337,857▼ $130,957
Savings and Temporary Cash Investments$859,529$2,466,897▲ $1,607,368
Other Notes and Loans Receivable, Net$1,366,266$1,704,250▲ $337,984
Prepaid Expenses and Deferred Charges$1,711,006$1,604,951▼ $106,055
Inventories for Sale or Use$854,640$706,926▼ $147,714
Cash and Non-Interest-Bearing Accounts$914,635$665,692▼ $248,943
Cap Stk Tr Prin Current Funds$17,252$17,212▼ $40
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$77,308,975$80,683,559▲ $3,374,584
Other Assets Total$6,765$6,784▲ $19
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,915,538$33,208,573▲ $1,293,035
Accounts Payable and Accrued Expenses$5,653,180$5,910,933▲ $257,753
Other Liabilities$4,158,801$4,349,890▲ $191,089
Total Liabilities$41,727,519$43,469,396▲ $1,741,877
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,581,456$37,214,163▲ $1,632,707
Total Liabilities and Net Assets / Fund Balance$77,308,975$80,683,559▲ $3,374,584

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$48,086,872$26,381,590$74,468,462
Equipment$3,051,427$1,648,582$4,700,009
Buildings$1,903,798$1,266,324$3,170,122
Land$298,205-$298,205
Investment Program Related Org$995,841--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sydney BriggsGeneral ManagerFT$185,325$98,265$283,590
David LundbergFinance ManagerFT$129,083$65,844$194,927
Jack SchwabLine ForemanFT$116,030$67,031$183,061
Nordean HartleLine ForemanFT$108,352$74,499$182,851
Kim HuxfordOperations ManagerFT$119,004$60,931$179,935
Jon StelterControllerFT$110,852$60,270$171,122
Douglas HughesMarketing ManagerFT$107,838$62,943$170,781
Renee MalechaSecretary/treasurerPT$35,797-$35,797
Patrick DucheneDirectorPT$35,517-$35,517
Duane EdwardsonDirectorPT$33,902-$33,902
Gary WilsonPresidentPT$30,221-$30,221
John BealVice-presidentPT$27,271-$27,271
Dennis RinghoferDirectorPT$26,661-$26,661
Ronald SommersActing Secretary/treasurerPT$13,685-$13,685
Geraldine LienkeDirectorPT$12,285-$12,285
Rodney KrellDirectorPT$10,805-$10,805

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Diversified UtilitiesUnderground Utility Construction10583 250TH STREET, Onamia, MN 56359$553,076
Carr's Tree ServiceTree ClearingPO BOX 250, Ottertail, MN 56571$426,118
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,243,405
Investment Income
$1,082,427
Other Revenue
$1,243,800
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,569,632
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$39,569,632
Total Revenue per Form 990
$39,569,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,195,686
Salaries, Compensation, and Employee Benefits$698,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,983,224
Benefits to Members---$2,675,844
Interest---$1,788,473
All Other Expenses---$1,596,075
Other Expenses---$1,189,011
Current Officers, Directors, Trustees, and Key Employees---$698,102
Total Functional Expenses$0$0$0$39,569,632

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$39,569,632
Expenses per Audited Statements$36,893,788
Total Expenses per Audited Statements$36,893,788
Expenses Not Reported on Financial Statements$2,675,844
Other Expense Adjustments$2,675,844
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$4,260,963
Deferred Credits$88,927
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
2018-08-02
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
35
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 2,675,844. Capital credits retired -917,611. Estate settlements -125,486. Membership changes -40.”

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, 2017 and 2016. The cooperative evaluated its tax positions and determined that it had no uncertain tax positions as of december 31, 2017 and 2016.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Patronage dividends allocated 2,675,844.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ACTING SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10FINANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MARKETING MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINE FOREMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt016289
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt035785
IRS990/GrossReceiptsAmt039589128
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01788473
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0854640
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0706926
IRS990/InvestmentIncomeGrp/ExclusionAmt01066138
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01066138
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013917225
IRS990/InvestmentsProgramRelatedGrp/EOYAmt014849900
IRS990/IRPDocumentCnt073
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029296496
IRS990/LandBldgEquipBasisNetGrp/BOYAmt052210095
IRS990/LandBldgEquipBasisNetGrp/EOYAmt053340302
IRS990/LandBldgEquipCostOrOtherBssAmt082636798
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt019496
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt037829974
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/BOYAmt031915538
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033208573
IRS990/NetAssetsOrFundBalancesBOYAmt035581456
IRS990/NetAssetsOrFundBalancesEOYAmt037214163
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt016289
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt016289
IRS990/NetUnrelatedBusTxblIncmAmt0-2817
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06765
IRS990/OtherAssetsTotalGrp/EOYAmt06784
IRS990/OtherChangesInNetAssetsAmt01632707
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1ADMIN AND GENERAL EXPEN
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/TotalAmt025598294
IRS990/OtherExpensesGrp/TotalAmt11522985
IRS990/OtherExpensesGrp/TotalAmt21517624
IRS990/OtherExpensesGrp/TotalAmt31189011
IRS990/OtherLiabilitiesGrp/BOYAmt04158801
IRS990/OtherLiabilitiesGrp/EOYAmt04349890
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2523000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1ELECTRIC WIRING
IRS990/OtherRevenueMiscGrp/Desc2AMORTIZED BOND DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01212752
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1488
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01212752
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2488
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt030560
IRS990/OtherRevenueTotalAmt01243800
IRS990/OtherSourcesGrossIncomeAmt01292936
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01366266
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01704250
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01711006
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01604951
IRS990/PrincipalOfficerNm0SYDNEY BRIGGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1OTHER ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036840215
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1403190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036840215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1403190
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt03853599
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0989897
IRS990/PYOtherExpensesAmt034227527
IRS990/PYOtherRevenueAmt01294153
IRS990/PYProgramServiceRevenueAmt036459951
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt0662875
IRS990/PYTotalExpensesAmt038744001
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt038744001
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035564204
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037196951
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0859529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02466897
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01903798
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01266324
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03170122
IRS990ScheduleD/EquipmentGrp/BookValueAmt03051427
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01648582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04700009
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02675844
IRS990ScheduleD/ExpensesSubtotalAmt036893788
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013268900
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1585159
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2995841
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/OtherExpensesNotIncludedAmt02675844
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048086872
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026381590
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074468462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04260963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt188927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROVISION FOR PENSION & BENEF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt039569632
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, 2017 AND 2016. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE DIVIDENDS ALLOCATED 2,675,844.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt053340302
IRS990ScheduleD/TotalBookValueProgramRltdAmt014849900
IRS990ScheduleD/TotalExpensesPerForm990Amt039569632
IRS990ScheduleD/TotalLiabilityAmt04349890
IRS990ScheduleD/TotalRevenuePerForm990Amt039569632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt039569632
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt036893788
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185325
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1129083
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2107838
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3119004
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4116030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5110852
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6108352
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
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$80,683,559
Liabilities
$43,469,396
Net assets
$37,214,163
Revenue
$39,569,632
Expenses
$39,569,632
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
2017Detailed filing. Detailed filing data is available for this year.$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
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