Oconto Electric Cooperative
- Assets
- $45.0m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Oconto Falls, WI
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 39-0513423
Organization Overview
Oconto Electric Cooperative is located in Oconto Falls, WI. The organization was established in 1941. 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, Oconto Electric Cooperative employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oconto 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, Oconto Electric Cooperative generated $17.2m 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 $17.2m 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 ELECTRICITY TO MEMBERS IN AN EFFICIENT MANNER UTILIZING COOPERATIVE PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS ARE BASED UPON THE COOPERATIVE PRINCIPLES PROVIDED ELECTRICITY SOURCE TO MEMBERS OF THE COOPERATIVE BY PURCHASING WHOLESALE POWER; BUILDING, MAINTAINING, AND OPERATING AN ELECTRICAL DISTRIBUTION SYSTEM; AND OPERATED MEMBER INFORMATION AND CUSTOMER SUPPORT OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Nolde CEO | Officer | 40 | $283,973 |
Ben Wilcox Lineman | 40 | $124,205 | |
John Havemeier Line Foreman | 40 | $123,958 | |
Brian Arndt Lineman | 40 | $121,863 | |
Ron D Friedman Lineman | 40 | $121,274 | |
Jack Pardy Line Superin | 40 | $119,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L S Electric Inc Dam Upgrades | 12/30/21 | $384,559 |
Holtger Bros Inc Ug Work | 12/30/21 | $694,118 |
Power Systems Engineering Inc Engineering | 12/30/21 | $212,835 |
Bugle Contracting Row Clearing | 12/30/21 | $107,940 |
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 | $16,849,397 |
| Investment income | $51,960 |
| 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 | $283,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,184,584 |
| 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 | $1,246,954 |
| Compensation of current officers, directors, key employees. | $535,198 |
| 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 | $676,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,008,449 |
| Insurance | $0 |
| All other expenses | $1,343,769 |
| Total functional expenses | $17,184,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,681 |
| Savings and temporary cash investments | $321,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,300,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,082,598 |
| Prepaid expenses and deferred charges | $98,784 |
| Net Land, buildings, and equipment | $37,916,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,646,323 |
| Intangible assets | $0 |
| Other assets | $89,915 |
| Total assets | $45,027,823 |
| Accounts payable and accrued expenses | $1,085,886 |
| 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 | $20,287,873 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,051,112 |
| Total liabilities | $22,424,871 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $20,763,560 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,839,392 |
| Total liabilities and net assets/fund balances | $45,027,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Blue Earth Nicollet Faribault Cooperative Electric Association Mankato, MN | $118,260,844 | $45,959,324 |
Oakdale Electric Cooperative Oakdale, WI | $108,949,694 | $41,848,166 |
Norris Electric Cooperative Newton, IL | $122,679,839 | $43,756,656 |
Barron Electric Cooperative Barron, WI | $83,238,959 | $40,823,389 |
Garden Valley Telephone Company Erskine, MN | $115,867,634 | $40,536,799 |
Egyptian Electric Cooperative Association Murphysboro, IL | $103,786,705 | $42,170,209 |
Riverland Energy Cooperative Arcadia, WI | $120,553,523 | $39,958,076 |
District Energy St Paul Inc St Paul, MN | $133,953,246 | $38,563,375 |
Steele Waseca Cooperative Electric Owatonna, MN | $93,180,056 | $37,750,212 |
Maquoketa Valley Rural Electric Cooperative Anamosa, IA | $145,482,750 | $38,262,856 |
Shelby Electric Cooperative Shelbyville, IL | $76,941,402 | $36,550,827 |