Scenic Rivers Energy Coop
- Assets
- $110.7m
- Revenue
- $34.9m
- Investments
- $1.3m
- Employees
- 39
- Location
- Lancaster, WI
- Founding
- 03/1938
- Data as of
- 12/2022
- EIN
- 39-0314085
Organization Overview
Scenic Rivers Energy Coop is located in Lancaster, 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, Scenic Rivers Energy Coop employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scenic Rivers Energy Coop 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, Scenic Rivers Energy Coop generated $34.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $32.7m during the year ending 12/2022. While expenses have increased by 1.0% 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
SALE OF RURAL ELECTRICITY TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF RURAL ELECTRICITY TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lucas CEO | Officer | 50 | $250,225 |
Patrick Pennekamp Lineman | 47 | $122,429 | |
Lucas Ritchie Lineman | 47 | $116,979 | |
Derrick Heisz Lead Lineman | 47 | $118,538 | |
Matthew Rasmussen Lineman | 45 | $118,146 | |
Andrew Lindenberg Lineman | 48 | $122,983 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zielie's Tree Service Tree Trimming | 12/30/22 | $1,157,242 |
Market & Johnson Inc Gen. Contractor | 12/30/22 | $7,187,304 |
Badgerland Utility Solutions Llc Undg. Maint. | 12/30/22 | $175,602 |
Jj Vondrum & Sons Undg. Lines | 12/30/22 | $606,900 |
Usic Locating Services Inc Locating | 12/30/22 | $140,684 |
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 | $32,861,212 |
| Investment income | $183,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,159,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,091 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,922,921 |
| 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 | $1,623,532 |
| Compensation of current officers, directors, key employees. | $441,930 |
| 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 | $1,574,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,769,633 |
| Insurance | $0 |
| All other expenses | $1,094,718 |
| Total functional expenses | $32,739,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,157 |
| Savings and temporary cash investments | $13,666,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,084,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $738,910 |
| Prepaid expenses and deferred charges | $65,157 |
| Net Land, buildings, and equipment | $76,110,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,287,861 |
| Investments—program-related | $15,727,013 |
| Intangible assets | $739 |
| Other assets | $26,908 |
| Total assets | $110,700,208 |
| Accounts payable and accrued expenses | $3,063,301 |
| 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 | $56,028,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,126,877 |
| Total liabilities | $61,219,128 |
| 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 | $49,481,080 |
| Total liabilities and net assets/fund balances | $110,700,208 |