St Croix Electric Cooperative
- Assets
- $59.8m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Hammond, WI
- Founding
- 03/1938
- Data as of
- 12/2022
- EIN
- 39-0585072
Organization Overview
St Croix Electric Cooperative is located in Hammond, 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 12/2022, St Croix Electric Cooperative employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix 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, St Croix Electric Cooperative generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $26.7m during the year ending 12/2022. While expenses have increased by 2.1% 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
DISTRIBUTE ELECTRIC ENERGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES RURAL ELECTRICAL SERVICE TO 11,562 CONSUMERS.
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 |
|---|---|---|---|
Brian Zelenak President/ce | Officer | 45.44 | $246,658 |
Robert Dooley Interim Pres | Officer | 44.31 | $112,996 |
Shawn Rasmuson Lineman | 45.43 | $106,714 | |
Kenneth Buhr Lineman | 44.43 | $106,179 | |
Nathan Scheithauer Lineman | 43.59 | $103,082 | |
Kristine Mcnamara Finance Mana | Officer | 48.7 | $107,868 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellingson Trenchless Llc Work Order | 12/30/22 | $926,468 |
Zielies Tree Service Inc Tree Trimming | 12/30/22 | $363,163 |
Global Mapping Solutions Llc Mapping/gps | 12/30/22 | $322,111 |
Kohnen Underground Utiliites Locator Undergr | 12/30/22 | $171,832 |
Karcz Utility Services Llc Undr Grd Inspec | 12/30/22 | $122,642 |
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 | $26,482,061 |
| Investment income | $78,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,927 |
| 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 | $26,723,282 |
| 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 | $1,605,909 |
| Compensation of current officers, directors, key employees. | $519,372 |
| 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 | $831,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,922,910 |
| Insurance | $0 |
| All other expenses | $180,802 |
| Total functional expenses | $26,723,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,355 |
| Savings and temporary cash investments | $1,049,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,710,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $520,126 |
| Inventories for sale or use | $882,344 |
| Prepaid expenses and deferred charges | $46,953 |
| Net Land, buildings, and equipment | $40,797,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,010,401 |
| Intangible assets | $0 |
| Other assets | $75,852 |
| Total assets | $59,821,600 |
| Accounts payable and accrued expenses | $2,485,671 |
| 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 | $27,243,396 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,474,111 |
| Total liabilities | $31,203,178 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $53,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $27,043,085 |
| Retained earnings, endowment, accumulated income, or other funds | $1,521,917 |
| Total liabilities and net assets/fund balances | $59,821,600 |