Civic Intelligence

Wild Rice Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 41-0612945

Jan 01, 2012 to Dec 31, 2012 • Filed on Jun 26, 2013

Organization Profilewww.wildriceelectric.com

View Organization Page

PO Box 43856557
Siviq Scores

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

Liabilities / Assets

40th percentile

0.53x

Higher debt load relative to assets than 40% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

63rd percentile

4.6%

Faster asset growth than 63% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$53,134,456

Up $2,345,269 (+4.6%) from 2011

Net Assets

Up

$25,153,483

Up $1,157,324 (+4.8%) from 2011

Liabilities

Up

$27,980,973

Up $1,187,945 (+4.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$27,514,973

Down $47,034 (-0.2%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$80M$60M$40M$20M$0Assets 2010: $49,171,998Liabilities 2010: $25,657,223Net Assets 2010: $23,514,7752010Assets 2011: $50,789,187Liabilities 2011: $26,793,028Net Assets 2011: $23,996,1592011Assets 2012: $53,134,456Liabilities 2012: $27,980,973Net Assets 2012: $25,153,4832012Assets 2013: $56,595,302Liabilities 2013: $30,312,487Net Assets 2013: $26,282,8152013Assets 2014: $57,060,978Liabilities 2014: $30,024,772Net Assets 2014: $27,036,2062014Assets 2015: $58,222,138Liabilities 2015: $30,984,896Net Assets 2015: $27,237,2422015Assets 2016: $59,592,694Liabilities 2016: $32,485,192Net Assets 2016: $27,107,5022016Assets 2017: $61,052,073Liabilities 2017: $33,788,898Net Assets 2017: $27,263,1752017Assets 2018: $64,657,465Liabilities 2018: $36,711,693Net Assets 2018: $27,945,7722018Assets 2019: $66,969,727Liabilities 2019: $38,554,368Net Assets 2019: $28,415,3592019Assets 2020: $68,277,832Liabilities 2020: $39,258,219Net Assets 2020: $29,019,6132020Assets 2021: $71,183,231Liabilities 2021: $40,456,806Net Assets 2021: $30,726,4252021Assets 2022: $72,859,229Liabilities 2022: $41,391,028Net Assets 2022: $31,468,2012022Assets 2023: $78,642,165Liabilities 2023: $46,065,283Net Assets 2023: $32,576,8822023Assets 2024: $79,116,096Liabilities 2024: $45,799,942Net Assets 2024: $33,316,1542024

Highlighted filing

2012

Assets$53,134,456
Liabilities$27,980,973
Net Assets$25,153,483
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $22,117,9222010Expenses 2011: $27,562,0072011Expenses 2012: $27,514,9732012Revenue 2013: $29,710,233Expenses 2013: $29,767,073Net Income 2013: -$56,8402013Revenue 2014: $31,178,048Expenses 2014: $31,184,306Net Income 2014: -$6,2582014Revenue 2015: $30,441,810Expenses 2015: $30,543,575Net Income 2015: -$101,7652015Revenue 2016: $30,837,021Expenses 2016: $30,754,272Net Income 2016: $82,7492016Revenue 2017: $31,738,757Expenses 2017: $31,852,034Net Income 2017: -$113,2772017Revenue 2018: $33,723,329Expenses 2018: $34,005,651Net Income 2018: -$282,3222018Revenue 2019: $34,598,685Expenses 2019: $34,653,826Net Income 2019: -$55,1412019Revenue 2020: $33,420,098Expenses 2020: $33,420,098Net Income 2020: $02020Revenue 2021: $34,569,574Expenses 2021: $33,013,356Net Income 2021: $1,556,2182021Revenue 2022: $36,176,837Expenses 2022: $35,675,232Net Income 2022: $501,6052022Revenue 2023: $36,527,960Expenses 2023: $36,073,471Net Income 2023: $454,4892023Revenue 2024: $35,813,069Expenses 2024: $35,719,544Net Income 2024: $93,5252024

Highlighted filing

2012

Revenue-
Expenses$27,514,973
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jun 26, 2013
Return Version
2012v2.1
Gross Receipts
$27,648,240
Mission and Program Overview

Mission

The mission of Wild Rice Electric Cooperative is to promote an ever improving way of life for our members by providing quality cost effective service.

Filing and Contact Details

Filer

EIN
41-0612945
Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The members of the Cooperative can elect to round up their monthly electric bill to the next dollar. These funds collected from the membership are held in a Cooperative account until the quarterly board meeting of the Wild Rice Electric Trust Operation Round Up. These funds are transferred directly to the Operation Round Up at the time of the quarterly meetings. Funds that exist at the beginning of and end of year are a result of a timing difference in the Operation Round Ups board meeting and the year end of the Cooperative. For the year ended December 31, 2012 the account held $874.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1The Cooperative is exempt from income taxes on its patronage based income. The Cooperative files Federal Form 990T for Unrelated Business Taxable Income (UBTI) and accrues income taxes based on tax returns filed. The Cooperative has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10. The implementation of this standard had no impact on the financial statements. As of December 31, 2012, the unrecognized tax benefit accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such penalties and interest are incurred. Under normal circumstances, the Cooperative is no longer subject to Federal tax examinations by tax authorities for years before 2009 and state examinations for years before 2009.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2Book Income from LLCs 140,957.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3Tax Income per K-1's from LLCs 93,542.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4Capital Credits Allocated 1,307,462.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Form 990, Schedule J, Part II, Column C, Compensation Of Officers, Directors, Key Employees, Highest Compensated Employees And Independent Contractors: Included in column "c", deferred compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Steven Haaven is $47,779. This amount is an estimate in the increase of the value of the plan and is not current year expense of the Cooperative. The current year expense for this defined benefit plan was $40,990.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0Steven Haaven
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IRS990ScheduleO/GeneralExplanation/Explanation0There is only one class of members. Each member receives one vote. Each member vote carries the same weight.
IRS990ScheduleO/GeneralExplanation/Explanation1The Cooperative is separated into 3 districts. One board member from each district is elected each year. Voting is at large. At the annual meeting all members have the right to vote on a person in each district. The candidate must live in the district that he/she wishes to represent.
IRS990ScheduleO/GeneralExplanation/Explanation2Changes in the bylaws and major dissolutions or mergers must be approved by the members.
IRS990ScheduleO/GeneralExplanation/Explanation3There were no committees with authority to act on behalf of the full board.
IRS990ScheduleO/GeneralExplanation/Explanation4A copy of the 990 was sent with other information in the board packet in May and approved at the May 28th board meeting. Steve (CEO) and Duane (CFO) reviewed the Form 990 prior to it being distributed to the Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation5The board chairman shall ensure the enforcement of the "Conflict of Interest" policy. Actions considered inconsistent with these policies are to be reported to the entire board. Each director must disclose any situation in which his or her opinion violates, may violate, or could appear to violate the intent of this policy.
IRS990ScheduleO/GeneralExplanation/Explanation6A committee of board members reviews the CEO's performance and makes recommendations to the full Board of Directors. The board compares the CEO's compensation with compensation of other electric cooperatives. Any increase in compensation is based on a performance review which is approved by the board. This process last took place in July 2012. No other employees' compensation is voted on by the board members.
IRS990ScheduleO/GeneralExplanation/Explanation7Financial statements are published in the monthly newsletter "Rural Delight". Every new member receives a copy of the bylaws. Other documents are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation8Included in column "F", estimated amount of other compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Duane Gunderson was $30,612 and for Steven Haaven was $47,779. These amounts are estimates in the increase of the value of the plan and are not current year expenses of the Cooperative. The current year expense for this defined benefit plan was $27,679 and $40,990 for Duane and Steve, respectively.
IRS990ScheduleO/GeneralExplanation/Explanation9The Cooperative has interpreted the instructions to Part IX, Line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the Bylaws of the Cooperative.
IRS990ScheduleO/GeneralExplanation/Explanation10The labor, pension and payroll taxes reported on lines 5-10 are already included in distribution expense, administrative & general expense and customer expense. Therefore, these amounts are being subtracted out as an other deduction on line 24e in the amount of $(3,602,036).
IRS990ScheduleO/GeneralExplanation/Explanation11Retirement of Memberships -7,900. Retirement of Patronage Capital -350,967. Retirement of Capital Credit Gain 31,913. Book Income from LLCs 140,957. Tax Income per K-1's from LLCs -93,542. Capital Credits Allocated 1,307,462.
IRS990ScheduleO/GeneralExplanation/Identifier0Compensation Of Officers
IRS990ScheduleO/GeneralExplanation/Identifier1Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VII, Section A, Column (F)
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part IX, Line 4
IRS990ScheduleO/GeneralExplanation/ReturnReference10Form 990, Part IX, Line 24e:
IRS990ScheduleO/GeneralExplanation/ReturnReference11Form 990, Part XI, line 9:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10PO Box 438
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0Mahnomen
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode056557
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg01
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10Wild Rice Electric Cooperative Inc
IRS990ScheduleR/Form990ScheduleRPartII/EIN0416398173
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10Wild Rice Electric Trust
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Charitable Purposes
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0Line 7
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg01
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs01
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$53,134,456
Liabilities
$27,980,973
Net assets
$25,153,483
Revenue
-
Expenses
$27,514,973
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.1$45.8$33.3$35.8$35.7$0.09
2023Detailed filing. Detailed filing data is available for this year.$78.6$46.1$32.6$36.5$36.1$0.45
2022Detailed filing. Detailed filing data is available for this year.$72.9$41.4$31.5$36.2$35.7$0.50
2021Detailed filing. Detailed filing data is available for this year.$71.2$40.5$30.7$34.6$33.0$1.56
2020Detailed filing. Detailed filing data is available for this year.$68.3$39.3$29.0$33.4$33.4$0.00
2019Detailed filing. Detailed filing data is available for this year.$67.0$38.6$28.4$34.6$34.7$0.06
2018Detailed filing. Detailed filing data is available for this year.$64.7$36.7$27.9$33.7$34.0$0.28
2017Detailed filing. Detailed filing data is available for this year.$61.1$33.8$27.3$31.7$31.9$0.11
2016Detailed filing. Detailed filing data is available for this year.$59.6$32.5$27.1$30.8$30.8$0.08
2015Detailed filing. Detailed filing data is available for this year.$58.2$31.0$27.2$30.4$30.5$0.10
2014Detailed filing. Detailed filing data is available for this year.$57.1$30.0$27.0$31.2$31.2$0.01
2013Detailed filing. Detailed filing data is available for this year.$56.6$30.3$26.3$29.7$29.8$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.1$28.0$25.2$27.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.8$26.8$24.0$27.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$25.7$23.5$22.1