Wisconsin Electric Cooperative Association
- Assets
- $1.9m
- Revenue
- $3.7m
- Investments
- $1.3k
- Employees
- 9
- Location
- Madison, WI
- Founding
- 02/1990
- Data as of
- 08/2022
- EIN
- 39-1163563
Organization Overview
Wisconsin Electric Cooperative Association is located in Madison, WI. The organization was established in 1990. 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 08/2022, Wisconsin Electric Cooperative Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Electric Cooperative Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2022, Wisconsin Electric Cooperative Association generated $3.7m in total revenue. All expenses for the organization totaled $3.7m during the year ending 08/2022. While expenses have increased by 81.1% 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
TO PROVIDE INFORMATION AND ASSISTANCE TO ITS MEMBERS TO FURTHER THEIR GOAL OF PROVIDING LOW COST ELECTRIC SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: WECA COLLECTS MEMBERSHIP DUES AND PROVIDES APPROPRIATE SERVICES AND ASSISTANCE TO ITS MEMBERS TO FURNISH ELECTRIC ENERGY AND ENERGY SERVICES AT COST WITHOUT PROFIT. WECA HAS 25 MEMBERS THAT ARE ELIGIBLE TO SERVE ON ITS BOARD OF DIRECTORS.
TRAINING/SAFETY: WECA PROVIDES A JOB TRAINING AND SAFETY PROGRAM THROUGH THEIR PARTNERSHIP WITH DAIRYLAND POWER COOPERATIVE FOR ELECTRIC COOPERATIVE EMPLOYEES. WECA PROVIDES THIS TRAINING FOR 23 OF ITS ELECTRIC DISTRIBUTION CO-OP MEMBERS AND THE HUNDREDS OF FIELD PERSONEL EMPLOYED BY THE RESPECTIVE CO-OPS.
ANNUAL MEETING: WECA HOSTS AN ANNUAL MEETING FOR ITS MEMBERS. MEMBER PARTICIPATION IN THIS EVENT IS APPROXIMATELY 150 PERSONS.
WECA'S OTHER PROGRAM SERVICES ARE THE SAFETY FIRST FARM REWIRING, LLC PROGRAM; WECA FINANCE MANAGER; LINE SUPERINTENDENTS; AND MEMBER SERVICES ASSOCIATION PROGRAMS. THESE PROGRAMS FOCUS ON ADDRESSING ELECTRIC SAFETY AND ANIMAL WELFARE CONCERNS AND PROVIDING TRAINING AND INFORMATION TO WECA'S MEMBERS. WECA ALSO PROVIDES NUMEROUS EDUCATIONAL PROGRAMS FOR ITS MEMBER COOPERATIVES THAT ARE DESIGNED TO HELP CO-OP EMPLOYEES AND BOARD DIRECTORS BETTER MEET THEIR RESPONSIBILITIES. SAFETY FIRST FARM REWIRING, LLC IS A GRANT PROGRAM FOR HELPING PRODUCERS UPGRADE ELECTRIC WIRING ON EXISTING DAIRY FARMS. WECA ALSO ORGANIZES TWO YOUTH LEADERSHIP PROGRAMS ANNUALLY. THE YOUTH PROGRAMS INTRODUCES STUDENTS FROM ACROSS THE STATE TO COOPERATIVE BUSINESS BASICS, DEMONSTRATES THE VALUE OF COOPERATION IN EVERYDAY LIFE, AND ALSO FOCUSES ON THE DEVELOPMENT OF LEADERSHIP SKILLS. WECA'S EDUATION PROGRAMS AND EMPLOYEE ASSOCIATION EVENTS LOG MORE THAN 1,000 REGISTRATIONS ANNUALLY. PARTICIPATION IN THE SAFTEY FIRST FARM REWIRING GRANT PROGRAM VARIES. THE MAXIMUM GRANT AMOUNT FOR AN ELIGIBLE APPLICANT IS $6,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Freese President & CEO | Officer | 40 | $256,038 |
Timothy Clay VP Of Operations | Officer | 40 | $166,200 |
Rob Richard Director Of Gov't Relations | 40 | $137,305 | |
Dana Kelroy Editor | 40 | $108,390 | |
Joe Metro Director | Trustee | 2 | $1,300 |
Dan Hillberry Director | Trustee | 2 | $1,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Royle Printing Services | 8/30/22 | $488,631 |
Dairyland Power Cooperative Safety Education And Training | 8/30/22 | $411,559 |
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 | $43,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,290 |
| Total Program Service Revenue | $3,665,239 |
| Investment income | $6,283 |
| 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 | $3,724,241 |
| 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. | $573,748 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $633,361 |
| Pension plan accruals and contributions | $164,748 |
| Other employee benefits | $39,595 |
| Payroll taxes | $73,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,434 |
| Fees for services: Accounting | $11,603 |
| Fees for services: Lobbying | $20,596 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,592 |
| Advertising and promotion | $8,119 |
| Office expenses | $64,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,602 |
| Travel | $46,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,798 |
| Interest | $225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,593 |
| Insurance | $15,124 |
| All other expenses | $116,621 |
| Total functional expenses | $3,672,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,257 |
| Savings and temporary cash investments | $731,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,792 |
| Net Land, buildings, and equipment | $8,426 |
| Investments—publicly traded securities | $220,643 |
| Investments—other securities | $1,276 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,865,579 |
| Accounts payable and accrued expenses | $135,202 |
| Grants payable | $0 |
| Deferred revenue | $194,540 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $329,742 |
| Net assets without donor restrictions | $1,415,254 |
| Net assets with donor restrictions | $120,583 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,865,579 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Electric Cooperative Association has recieved totaling $32,714.
| Awarding Organization | Amount |
|---|---|
Federated Youth Foundation Inc 1810 South Park Street Baraboo, WI PURPOSE: SEE PART IV BELOW | $32,714 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roseau Electric Cooperative Inc Roseau, MN | $41,619,663 | $19,513,008 |
Monroe County Electric Coop Inc Waterloo, IL | $48,641,421 | $17,977,778 |
Alger Delta Co-Op Electric Association Gladstone, MI | $51,999,429 | $17,663,679 |
Midwest Reliability Organization Inc St Paul, MN | $14,721,870 | $17,505,130 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
Oconto Electric Cooperative Oconto Falls, WI | $45,027,823 | $17,184,584 |
Clinton County Electric Cooperative Inc Breese, IL | $36,047,909 | $16,814,895 |
T I P Rural Electric Cooperative Brooklyn, IA | $57,344,467 | $17,059,790 |
Nishnabotna Valley Rural Electric Cooperative Harlan, IA | $46,708,124 | $17,798,413 |
Renville-Sibley Cooperative Power Association Danube, MN | $38,100,201 | $16,486,591 |
Central Wisconsin Electric Cooperative Rosholt, WI | $60,789,666 | $16,195,495 |
Brown County Rural Electrical Association Sleepy Eye, MN | $44,068,104 | $16,302,715 |