Oakdale Electric Cooperative
- Assets
- $111.9m
- Revenue
- $45.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Oakdale, WI
- Founding
- 12/1937
- Data as of
- 12/2022
- EIN
- 39-0512153
Organization Overview
Oakdale Electric Cooperative is located in Oakdale, WI. The organization was established in 1937. 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 12/2022, Oakdale Electric Cooperative employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakdale 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 12/2022, Oakdale Electric Cooperative generated $45.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $45.1m during the year ending 12/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH ELECTRICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH ELECTRICITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Tackmann General Mana | Officer | 40 | $202,648 |
Shane Rowan System Engin | 40 | $119,300 | |
Linda Pierce Manager Of F | Officer | 40 | $110,371 |
Dan Mcgarry Field Engine | 42 | $115,261 | |
Stewart Walters Construction | 40 | $113,884 | |
Brock Brown Lineworker | 43 | $112,397 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zielie's Tree Service Tree Triming | 12/30/22 | $744,075 |
Worthington Boring | 12/30/22 | $321,224 |
J&r Underground Boring | 12/30/22 | $311,023 |
Asplundh Tree Expert Tree Trimming | 12/30/22 | $311,612 |
Badgerland Inspections/her | 12/30/22 | $158,721 |
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 | $44,941,091 |
| Investment income | $142,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,105 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,105,810 |
| 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 | $4,025,488 |
| Compensation of current officers, directors, key employees. | $337,222 |
| 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 | $2,152,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,781,706 |
| Insurance | $0 |
| All other expenses | $1,923,658 |
| Total functional expenses | $45,105,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,809 |
| Savings and temporary cash investments | $1,185,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,506,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $410 |
| Inventories for sale or use | $1,409,579 |
| Prepaid expenses and deferred charges | $162,320 |
| Net Land, buildings, and equipment | $85,156,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,817,620 |
| Intangible assets | $0 |
| Other assets | $653,889 |
| Total assets | $111,944,322 |
| Accounts payable and accrued expenses | $4,316,310 |
| 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 | $55,942,695 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,229,261 |
| Total liabilities | $64,488,266 |
| 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 | $47,456,056 |
| Total liabilities and net assets/fund balances | $111,944,322 |