Jackson Electric Cooperative
- Assets
- $52.5m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Black River Falls, WI
- Founding
- 08/1938
- Data as of
- 12/2023
- EIN
- 39-0370662
Organization Overview
Jackson Electric Cooperative is located in Black River Falls, WI. The organization was established in 1938. 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, Jackson Electric Cooperative employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Electric 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, Jackson Electric Cooperative generated $25.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $22.4m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 8 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
DISTRIBUTION OF ELECTRICITY PRIMARILY TO RURAL PARTS OF JACKSON COUNTY AND FIVE OTHER COUNTIES IN WEST-CENTRAL WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY PRIMARILY TO RURAL PARTS OF SIX COUNTIES IN WEST-CENTRAL WISCONSIN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Babcock CEO | Officer | 55 | $265,082 |
Eric Steien Line Superintendent | 40 | $116,730 | |
Adam Wiedl Lineman | 40 | $117,159 | |
Grant Witcraft Lineman | 40 | $103,921 | |
Jesse Hansen Lineman | 40 | $102,588 | |
Hazy Wood Lineman | 40 | $100,367 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A1 Power Llc Urd Drilling | 12/30/23 | $569,005 |
Hartland Business Systems It Services | 12/30/23 | $139,317 |
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 | $24,643,410 |
| Investment income | $84,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140,528 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,220,038 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $884,835 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,591 |
| 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 | $844,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,960,319 |
| Insurance | $0 |
| All other expenses | $1,338,279 |
| Total functional expenses | $22,375,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,031,917 |
| Savings and temporary cash investments | $677,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $992,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $182,458 |
| Inventories for sale or use | $420,139 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,785,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,900,106 |
| Intangible assets | $0 |
| Other assets | $2,527,006 |
| Total assets | $52,517,629 |
| Accounts payable and accrued expenses | $1,518,916 |
| 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 | $21,997,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,705,960 |
| Total liabilities | $27,221,989 |
| 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 | $25,295,640 |
| Total liabilities and net assets/fund balances | $52,517,629 |