Eau Claire Energy Cooperative
- Assets
- $78.7m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Fall Creek, WI
- Founding
- 06/1939
- Data as of
- 12/2023
- EIN
- 39-0255675
Organization Overview
Eau Claire Energy Cooperative is located in Fall Creek, WI. The organization was established in 1939. 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 12/2023, Eau Claire Energy Cooperative employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eau Claire Energy 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 12/2023, Eau Claire Energy Cooperative generated $29.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $28.9m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES TO ITS 12462 MEMBER OWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES IN A MANNER THAT IS CONSIDERED EXCELLENT AND OF HIGH VALUE TO THE MEMBERSHIP THAT OWNS THE COOPERATIVE THE THREE LARGEST MEASURED PROGRAM SERVICE EXPENSES ARE AS FOLLOWS: COST OF POWER: $17,282,132 OPERATIONS AND MAINTENANCE: $2,921,051 DEPRECIATION AND AMORTIZATION: $2,562,324
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence L Boettcher Chair | OfficerTrustee | 4 | $7,656 |
Andrew H Bourget Vicechair | Trustee | 7.3 | $14,606 |
Judith Anibas Secretarytreasurer | Trustee | 7.8 | $14,256 |
Joseph L Becker Director | Trustee | 6 | $10,056 |
Jeffrey Frieburg Director | Trustee | 4.3 | $8,406 |
Michael J Golat Director | Trustee | 4.5 | $10,306 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tjader & Highstrom Utility Overhead Line Construction | 12/30/23 | $841,368 |
Jolma Utilities Llc Overhead Line Construction | 12/30/23 | $601,150 |
Zielie's Tree Service Inc Right Of Way Clearing | 12/30/23 | $520,956 |
Kohnen Underground Utiliti Underground Cable Locates | 12/30/23 | $272,558 |
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 | $28,905,839 |
| Investment income | $43,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,769 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,972,086 |
| 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 | $1,797,375 |
| Compensation of current officers, directors, key employees. | $535,056 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,602,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,562,324 |
| Insurance | $0 |
| All other expenses | $363,952 |
| Total functional expenses | $28,928,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,312 |
| Savings and temporary cash investments | $6,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,432,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,961 |
| Inventories for sale or use | $796,436 |
| Prepaid expenses and deferred charges | $1,503,398 |
| Net Land, buildings, and equipment | $58,637,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,141,407 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,718,660 |
| Accounts payable and accrued expenses | $4,102,854 |
| 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 | $39,028,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,293,287 |
| Total liabilities | $46,424,326 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $32,294,334 |
| Total liabilities and net assets/fund balances | $78,718,660 |