Eau Claire Energy Cooperative
- Assets
- $70.7m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Fall Creek, WI
- Founding
- 06/1939
- Data as of
- 12/2021
- EIN
- 39-0255675
Organization Overview
Eau Claire Energy Cooperative is located in Fall Creek, WI. The organization was established in 1939. 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, Eau Claire Energy Cooperative employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eau Claire Energy 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, Eau Claire Energy 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 0.8% each year. All expenses for the organization totaled $26.7m during the year ending 12/2021. While expenses have increased by 0.8% 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 DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES TO ITS 11794 MEMBER OWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DISTRIBUTION ENERGY AND ENERGY RELATED SERVICES IN A MANNER THAT IS CONSIDERED EXCELLENT AND OF HIGH VALUE TO THE MEMBERSHIP THAT OWNS THE COOPERATIVE. THE THREE LARGEST MEASURED PROGRAM SERVICE EXPENSES ARE AS FOLLOWS: COST OF POWER: $15,713,479 DISTRIBUTION EXPENSE-OPERATIONS & MAINTENANCE: $2,633,186 DEPRECIATION & AMORTIZATION EXPENSE: $2,239,552
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn E Thompson Ceopresident | Officer | 48 | $210,162 |
Dody M Wubker CFO | Officer | 48 | $123,835 |
Patrick L Bethke Operations Manager | 48 | $111,948 | |
Frederick A Hines Line Personnel | 43.5 | $108,204 | |
Beau D Blade Line Personnel | 45.5 | $106,438 | |
Robert A Henrichs Line Personnel | 43.5 | $105,017 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kohnen Underground Utility Underground Cable Locating | 12/30/21 | $146,126 |
Tjader & Highstrom Utility Overhead Line Construction | 12/30/21 | $206,644 |
A-1 Power Llc Utility Cable Installation | 12/30/21 | $174,421 |
River Valley Architects Architect Design | 12/30/21 | $221,725 |
Badger Unified Cooperative Tree Trimmingclearing | 12/30/21 | $564,201 |
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 | $26,636,512 |
| Investment income | $21,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,622 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,690,628 |
| 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 | $1,995,963 |
| Compensation of current officers, directors, key employees. | $777,372 |
| 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 | $1,305,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,239,552 |
| Insurance | $0 |
| All other expenses | $353,931 |
| Total functional expenses | $26,668,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,418 |
| Savings and temporary cash investments | $338,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,149,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,794 |
| Inventories for sale or use | $700,885 |
| Prepaid expenses and deferred charges | $1,521,764 |
| Net Land, buildings, and equipment | $51,666,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,036,377 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,724,079 |
| Accounts payable and accrued expenses | $3,106,946 |
| 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 | $33,127,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,086,528 |
| Total liabilities | $40,320,931 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $30,403,148 |
| 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 | $30,403,148 |
| Total liabilities and net assets/fund balances | $70,724,079 |
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 |