Civic Intelligence

Steele Waseca Cooperative Electric

990 • Fiscal year 2018 • EIN 41-0558515

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 22, 2019

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

0.52x

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

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

1.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$296,702

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Asset Growth

25th percentile

1.2%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

30th percentile

2.5%

Faster revenue growth than 30% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$81,661,170

Up $977,611 (+1.2%) from 2017

Net Assets

Up

$39,388,494

Up $2,174,331 (+5.8%) from 2017

Liabilities

Down

$42,272,676

Down $1,196,720 (-2.8%) from 2017

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin47th percentile

Revenue

Up

$40,549,117

Up $979,485 (+2.5%) from 2017

Expenses

Up

$40,549,117

Up $979,485 (+2.5%) from 2017

Net Income

Flat

$0

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2018

Assets$81,661,170
Liabilities$42,272,676
Net Assets$39,388,494
Open 2018 Filing

Operations Trend

Revenue Growth30th 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

2018

Revenue$40,549,117
Expenses$40,549,117
Net Income$0
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 22, 2019
Return Version
2018v3.1
Gross Receipts
$40,560,252
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$53,340,302$54,391,419▲ $1,051,117
Rtn Earn Endowment Incm Other Fnds$37,196,951$39,371,246▲ $2,174,295
Investments Program Related$14,849,900$15,571,637▲ $721,737
Accounts Receivable$5,337,857$4,379,005▼ $958,852
Savings and Temporary Cash Investments$2,466,897$3,190,747▲ $723,850
Other Notes and Loans Receivable, Net$1,704,250$1,456,234▼ $248,016
Inventories for Sale or Use$706,926$978,919▲ $271,993
Cash and Non-Interest-Bearing Accounts$665,692$956,538▲ $290,846
Prepaid Expenses and Deferred Charges$1,604,951$729,887▼ $875,064
Cap Stk Tr Prin Current Funds$17,212$17,248▲ $36
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$80,683,559$81,661,170▲ $977,611
Other Assets Total$6,784$6,784→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$33,208,573$32,795,434▼ $413,139
Accounts Payable and Accrued Expenses$5,910,933$4,947,880▼ $963,053
Other Liabilities$4,349,890$4,529,362▲ $179,472
Total Liabilities$43,469,396$42,272,676▼ $1,196,720
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,214,163$39,388,494▲ $2,174,331
Total Liabilities and Net Assets / Fund Balance$80,683,559$81,661,170▲ $977,611

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49,296,981$27,031,226$76,328,207
Equipment$2,949,797$1,840,633$4,790,430
Buildings$1,846,436$1,323,686$3,170,122
Land$298,205-$298,205
Investment Program Related Org$1,001,461--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sydney BriggsGeneral ManagerFT$192,262$108,509$300,771
David LundbergFinance ManagerFT$133,309$70,537$203,846
Kim HuxfordOperations ManagerFT$124,317$70,489$194,806
Dan MeierLine SuperintendentFT$121,380$62,646$184,026
Troy PedersonLine ForemanFT$112,459$58,644$171,103
Matthew RohmanAssistant Line ForemanFT$113,395$50,303$163,698
Steve NordahlSystem TechnicianFT$113,322$43,016$156,338
Gary WilsonPresidentPT$31,805-$31,805
Patrick DucheneDirectorPT$30,950-$30,950
John BealVice-presidentPT$30,625-$30,625
Geraldine LienkeDirectorPT$29,305-$29,305
Rodney KrellDirectorPT$29,300-$29,300
Duane EdwardsonDirectorPT$28,620-$28,620
Dennis RinghoferDirectorPT$28,315-$28,315
Ronald SommersActing Secretary/treasurerPT$28,315-$28,315
Renee MalechaSecretary/treasurerPT$23,850-$23,850

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Diversified UtilitiesUnderground Utility Construction10583 250TH STREET, Onamia, MN 56359$531,581
Carr's Tree ServiceTree ClearingPO BOX 250, Ottertail, MN 56571$521,058
Legacy Power Line INCStorm RestorationPO BOX 469, Wadena, MN 56482$138,275
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$38,329,855
Investment Income
$1,259,172
Other Revenue
$960,090
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$40,524,476
Revenue Not Reported on Financial Statements
$24,641
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$24,641
Total Revenue per Audited Statements
$40,524,476
Total Revenue per Form 990
$40,549,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,547,515
Salaries, Compensation, and Employee Benefits$758,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,242,764
Depreciation Depletion---$3,053,989
Interest---$1,869,145
All Other Expenses---$1,615,101
Other Expenses---$1,349,569
Current Officers, Directors, Trustees, and Key Employees---$758,838
Total Functional Expenses$0$0$0$40,549,117

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$40,549,117
Expenses per Audited Statements$37,281,712
Total Expenses per Audited Statements$37,281,712
Expenses Not Reported on Financial Statements$3,267,405
Other Expense Adjustments$3,267,405
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 & Benefits$4,427,344
Deferred Credits$102,018
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
Yes
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 15

“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. Compensation figures were provided to the finance division. Compensation was set by the general manager based on a national compensation survey a verbal review was provided to the board of directors as the governing body. Compensation figures were provided to the finance division.”

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
2019-10-22
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
2689 COMMERCE DRIVE NW SUITE 201, ROCHESTER, MN 55901
Preparer
Craig Popenhagen
Phone
5072802300
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 3,242,764. Capital credits retired -999,067. Estate settlements -69,402. Membership changes 36.”

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, 2018 and 2017. The cooperative evaluated its tax positions and determined that it had no uncertain tax positions as of december 31, 2018 and 2017.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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/TitleTxt11OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12LINE SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSISTANT LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14SYSTEM TECHNICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINE FOREMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02424
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt013559
IRS990/GrossReceiptsAmt040560252
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01869145
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0706926
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0978919
IRS990/InvestmentIncomeGrp/ExclusionAmt01256748
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01256748
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt014849900
IRS990/InvestmentsProgramRelatedGrp/EOYAmt015571637
IRS990/IRPDocumentCnt066
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt030195545
IRS990/LandBldgEquipBasisNetGrp/BOYAmt053340302
IRS990/LandBldgEquipBasisNetGrp/EOYAmt054391419
IRS990/LandBldgEquipCostOrOtherBssAmt084586964
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt011135
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt038666876
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/BOYAmt033208573
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt032795434
IRS990/NetAssetsOrFundBalancesBOYAmt037214163
IRS990/NetAssetsOrFundBalancesEOYAmt039388494
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02424
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02424
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06784
IRS990/OtherAssetsTotalGrp/EOYAmt06784
IRS990/OtherChangesInNetAssetsAmt02174331
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION EXPENSE -
IRS990/OtherExpensesGrp/Desc3ADMIN AND GENERAL EXPEN
IRS990/OtherExpensesGrp/TotalAmt025220293
IRS990/OtherExpensesGrp/TotalAmt12059125
IRS990/OtherExpensesGrp/TotalAmt21380293
IRS990/OtherExpensesGrp/TotalAmt31349569
IRS990/OtherLiabilitiesGrp/BOYAmt04349890
IRS990/OtherLiabilitiesGrp/EOYAmt04529362
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1ELECTRIC WIRING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0937111
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0937111
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt122979
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt022979
IRS990/OtherRevenueTotalAmt0960090
IRS990/OtherSourcesGrossIncomeAmt01478915
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01704250
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01456234
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01604951
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0729887
IRS990/PrincipalOfficerNm0SYDNEY BRIGGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1OTHER ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037941729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1388126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037941729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1388126
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02675844
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01082427
IRS990/PYOtherExpensesAmt036195686
IRS990/PYOtherRevenueAmt01243800
IRS990/PYProgramServiceRevenueAmt037243405
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt0698102
IRS990/PYTotalExpensesAmt039569632
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039569632
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt037196951
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt039371246
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02466897
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03190747
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01846436
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01323686
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03170122
IRS990ScheduleD/EquipmentGrp/BookValueAmt02949797
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01840633
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04790430
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03267405
IRS990ScheduleD/ExpensesSubtotalAmt037281712
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013986694
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1583482
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21001461
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/OtherExpensesNotIncludedAmt03267405
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049296981
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027031226
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076328207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04427344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1102018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROVISION FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt024641
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt024641
IRS990ScheduleD/RevenueSubtotalAmt040524476
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, 2018 AND 2017. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054391419
IRS990ScheduleD/TotalBookValueProgramRltdAmt015571637
IRS990ScheduleD/TotalExpensesPerForm990Amt040549117
IRS990ScheduleD/TotalLiabilityAmt04529362
IRS990ScheduleD/TotalRevenuePerForm990Amt040549117
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt040524476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt037281712
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0192262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1133309
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2124317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3121380
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4113395
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5113322
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6112459
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

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,661,170
Liabilities
$42,272,676
Net assets
$39,388,494
Revenue
$40,549,117
Expenses
$40,549,117
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
2018Detailed filing. Detailed filing data is available for this year.$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
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