Dairyland Power Cooperative
- Assets
- $1.5b
- Revenue
- $466.5m
- Investments
- $8.1m
- Employees
- 592
- Location
- La Crosse, WI
- Founding
- 05/1942
- Data as of
- 12/2021
- EIN
- 39-0233059
Organization Overview
Dairyland Power Cooperative is located in La Crosse, WI. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Dairyland Power Cooperative employed 592 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dairyland Power Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Dairyland Power Cooperative generated $466.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $463.7m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAIRYLAND POWER COOPERATIVE IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE ORGANIZED UNDER THE LAWS OF WI & MN. THE COOPERATIVE, WHOSE PRINCIPAL OFFICES ARE LOCATED IN WI, PROVIDES WHOLESALE ELECTRIC SERVICE TO CLASS A MEMBERS ENGAGED IN RETAIL SALE OF ELECTRICITY TO MEMBER CONSUMERS LOCATED IN WI, MN, IA AND IL, AND PROVIDES ELECTRIC AND OTHER SERVICES TO CLASS C, D, E AND SPECIAL SERVICES MEMBERS, ALL ON A COOPERATIVE, NOT-FOR-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAIRYLAND POWER IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE ASSOCIATION ORGANIZED UNDER THE LAWS OF WI AND MN. THE COOPERATIVE, WHOSE PRINCIPAL OFFICES ARE LOCATED IN WISCONSIN, PROVIDES WHOLESALE ELECTRIC SERVICE TO CLASS A MEMBERS ENGAGED IN THE RETAIL SALE OF ELECTRICITY TO MEMBER CONSUMERS LOCATED IN WI, MN, IA, AND IL, AND PROVIDES ELECTRIC AND OTHER SERVICES TO CLASS C, D, E AND SPECIAL SERVICES MEMBERS, ALL ON A COOPERATIVE, NOT-FOR-PROFIT BASIS. THIS PROVIDES THE BASIS FOR DAIRYLAND'S EXEMPT PURPOSE. DAIRYLAND POWER COOPERATIVE IS UNDER THE JURISDICTION OF THE RURAL UTILITIES SERVICE WHICH REQUIRES DAIRYLAND'S ACCOUNTING RECORDS TO BE MAINTAINED, WITH MINOR MODIFICATIONS, IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS FOR PUBLIC UTILITIES AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (F.E.R.C.). BECAUSE OF THIS, WE DO NOT HAVE OUR EXPENSES GROUPED BY FUNCTION AS SHOWN ON THE FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Ridge President And CEO | Officer | 45 | $852,119 |
Phillip M Moilien Executive Vice President And Chief Financial Officer | Officer | 45 | $559,155 |
Lane Peters Manager Genoa Site (term 8/5/21) | 45 | $402,624 | |
Benjamin L Porath Vice President And Chief Operating Officer | Officer | 50 | $331,156 |
Robert M Palmberg Vice President External & Member Relations (term 9/27/21) | Officer | 50 | $319,322 |
Amanda Hoefling Executive Vice President And Chief Administration Officer | Officer | 50 | $306,237 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bnsf Railway Company Coal Transport And Delivery Service | 12/30/21 | $27,457,027 |
Duane Morris Llp Legal Services | 12/30/21 | $2,270,189 |
Hooper Corporation P O Box 88866 General / Engineering Contracting Services | 12/30/21 | $3,249,544 |
Zielies Tree Service Inc Vegetation Management Services | 12/30/21 | $2,653,722 |
Securitas -Scis Security Services | 12/30/21 | $2,355,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $463,583,499 |
| Investment income | $1,419,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,998 |
| Net Gain/Loss on Asset Sales | $1,502,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,517,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $16,648,616 |
| Compensation of current officers, directors, key employees. | $4,094,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,178,814 |
| Pension plan accruals and contributions | $16,569,953 |
| Other employee benefits | $10,438,795 |
| Payroll taxes | $3,942,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,639,937 |
| Fees for services: Accounting | $379,793 |
| Fees for services: Lobbying | $142,283 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,204,229 |
| Advertising and promotion | $0 |
| Office expenses | $5,983,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,855,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,515,296 |
| Insurance | $4,351,207 |
| All other expenses | $4,261,349 |
| Total functional expenses | $463,676,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,224,670 |
| Savings and temporary cash investments | $18,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,215,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,170,010 |
| Prepaid expenses and deferred charges | $32,032,382 |
| Net Land, buildings, and equipment | $1,275,175,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,096,418 |
| Investments—program-related | $17,191,885 |
| Intangible assets | $30,566,545 |
| Other assets | $48,281,816 |
| Total assets | $1,543,973,952 |
| Accounts payable and accrued expenses | $98,421,388 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,029,797,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,574,747 |
| Total liabilities | $1,200,793,640 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $620 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $343,179,692 |
| Total liabilities and net assets/fund balances | $1,543,973,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolverine Power Supply Cooperative Inc Cadillac, MI | $963,621,114 | $556,306,485 |
Dairyland Power Cooperative La Crosse, WI | $1,543,973,952 | $466,517,279 |
Great Lakes Energy Cooperative Boyne City, MI | $794,670,914 | $238,017,889 |
Dakota Electric Association Farmington, MN | $386,937,429 | $228,776,645 |
Central Iowa Power Cooperative Cedar Rapids, IA | $899,434,034 | $189,203,690 |
Corn Belt Power Cooperative Humboldt, IA | $515,608,745 | $168,893,187 |
Southern Illinois Power Cooperative Marion, IL | $684,387,502 | $167,555,011 |
Prairie Power Inc Springfield, IL | $704,846,695 | $159,851,306 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |