Barron Electric Cooperative
- Assets
- $83.2m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Barron, WI
- Founding
- 12/1937
- Data as of
- 12/2021
- EIN
- 39-0150875
Organization Overview
Barron Electric Cooperative is located in Barron, 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 12/2021, Barron Electric Cooperative employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barron 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 12/2021, Barron Electric Cooperative generated $40.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $40.8m during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE SOLD 355,350,812 KWH OF ELECTRICITY TO MEMBERS DURING 2021. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Nelson Line Superintendent | 45 | $115,019 | |
Nathan Steines Director Of Operations | 45 | $109,168 | |
Timothy Engle Lineman | 40 | $106,349 | |
Mandy Straw Director Of Finance | 45 | $105,648 | |
Scott Devoe Line Superintendent | 40 | $104,563 | |
Dallas Sloan General Manager-Part Year | Officer | 45 | $87,115 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiant Utility Services Meter Exchange & Installation | 12/30/21 | $265,397 |
Push Inc Plow Urd Services | 12/30/21 | $333,788 |
Zielie's Tree Service Inc Tree Trimming | 12/30/21 | $775,200 |
A-1 Power Llc Plow Urd Services | 12/30/21 | $226,061 |
Gp2 Utility Services Llc Plow Urd Services | 12/30/21 | $124,411 |
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 | $39,414,369 |
| Investment income | $33,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,767 |
| Net Gain/Loss on Asset Sales | $2,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $383 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,823,389 |
| 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 | $5,077,236 |
| Compensation of current officers, directors, key employees. | $366,205 |
| 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 | $1,360,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,241,703 |
| Insurance | $0 |
| All other expenses | $1,192,971 |
| Total functional expenses | $40,823,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,422 |
| Savings and temporary cash investments | $1,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,743,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $147,825 |
| Inventories for sale or use | $330,302 |
| Prepaid expenses and deferred charges | $179,622 |
| Net Land, buildings, and equipment | $59,775,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,612,618 |
| Intangible assets | $0 |
| Other assets | $257,611 |
| Total assets | $83,238,959 |
| Accounts payable and accrued expenses | $2,262,375 |
| 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 | $35,321,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,722,108 |
| Total liabilities | $39,306,205 |
| 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 | $43,932,754 |
| Total liabilities and net assets/fund balances | $83,238,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |
Cloverland Electric Cooperative Inc Sault Ste Marie, MI | $210,343,579 | $87,157,838 |
Mienergy Cooperative Rushford, MN | $203,461,309 | $76,660,548 |
Adams-Columbia Electric Co-Op Friendship, WI | $247,246,792 | $77,428,375 |
Stearns Cooperative Electric Association Melrose, MN | $153,957,017 | $65,381,947 |
Iowa Lakes Electric Cooperative Estherville, IA | $166,721,612 | $65,953,608 |