Pierce-Pepin Cooperative Services
- Assets
- $86.8m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Ellsworth, WI
- Founding
- 02/1938
- Data as of
- 12/2023
- EIN
- 39-0539446
Organization Overview
Pierce-Pepin Cooperative Services is located in Ellsworth, WI. The organization was established in 1938. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Pierce-Pepin Cooperative Services employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierce-Pepin Cooperative Services 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, Pierce-Pepin Cooperative Services generated $20.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $20.2m during the year ending 12/2023. While expenses have increased by 1.9% 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
COOPERATIVE ELECTRIC ULILITY SALES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICAL DISTRIBUTION TO OUR 7,937 MEMBER OWNERS USING OUR 1,372 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Boettcher President/ce | Officer | 46 | $227,011 |
Mark Anderson Vp/cfo | Officer | 45 | $181,102 |
Bradley Ristow VP Operation | 52.5 | $142,627 | |
Daniel Jensen Lineman | 48 | $120,467 | |
Scott Freier COO | Officer | 53 | $149,820 |
Joseph Marcks Lineman | 45 | $118,839 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Td&i Cable Maintenance Inc Broadband Insta | 12/30/23 | $13,033,877 |
Zielie Tree Service Inc Right Of Way | 12/30/23 | $395,238 |
Conexon Llc Broadband Insta | 12/30/23 | $1,106,716 |
Legacy Power Line Inc Power Line Cons | 12/30/23 | $783,984 |
Tjader & Highstrom Utility Services Power Line Cons | 12/30/23 | $324,245 |
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 | $19,338,324 |
| Investment income | $29,697 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,181,702 |
| 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 | $499,368 |
| Compensation of current officers, directors, key employees. | $643,009 |
| 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 | $1,334,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,262,703 |
| Insurance | $0 |
| All other expenses | $741,403 |
| Total functional expenses | $20,181,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,372 |
| Savings and temporary cash investments | $5,926 |
| Pledges and grants receivable | $11,100,000 |
| Accounts receivable, net | $2,255,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $896,383 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $62,009,184 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,417,763 |
| Intangible assets | $0 |
| Other assets | $795,239 |
| Total assets | $86,756,684 |
| Accounts payable and accrued expenses | $1,906,781 |
| 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 | $58,513,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,990,252 |
| Total liabilities | $62,410,552 |
| 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 | $24,251,872 |
| Retained earnings, endowment, accumulated income, or other funds | $94,260 |
| Total liabilities and net assets/fund balances | $86,756,684 |