Wild Rice Electric Cooperative Inc

Address
PO Box 438
Mahnomen, MN 56557
Contact
Website: http://www.wildriceelectric.com
Phone: +1 (218) 935-2517
Nonprofit
NTEE: W80 - Public Utilities
EIN: 41-0612945

Mission

The mission of Wild Rice Electric Cooperative is to promote an ever improving way of life for our members by providing quality cost effective service.
 201720162015
Basic features of the organization
Year of formation1939
Subsection501(c)(12)
Organization typeCo-operative
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$432,507.00$423,156.00$409,812.00
Sum of reportable (W2/1099) compensation$346,568.00$340,267.00$331,117.00
Number of employees444648
Number of people compensated >$100k222
Number of volunteers000
Number of highly compensated contractors211
Personnel
Bergan, Gary
TitleDirectorDirectorDirector
Name of key/compensated personGary BerganGary BerganGary Bergan
Average hours per week working for org3.002.305.10
Reportable compensation from org$4,515.00$4,015.00$4,691.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Christianson, Diane
TitleSecretaryDirectorDirector
Name of key/compensated personDiane ChristiansonDiane ChristiansonDiane Christianson
Average hours per week working for org2.102.803.50
Reportable compensation from org$3,232.00$3,932.00$4,832.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Guetter, Michael
TitleDirector (Jan-Feb)DirectorDirector
Name of key/compensated personMichael GuetterMichael GuetterMichael Guetter
Average hours per week working for org2.005.304.10
Reportable compensation from org$414.00$5,492.00$4,907.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Gunderson, Duane
TitleDirector of Finance & AdminDirector of Finance & AdminDirector of Finance & Admi
Name of key/compensated personDuane GundersonDuane GundersonDuane Gunderson
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$121,924.00$118,970.00$116,161.00
Other comp, non-reportable, from org and related orgs$39,838.00$38,123.00$37,698.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Haaven, Steven
TitlePresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personSteven HaavenSteven HaavenSteven Haaven
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$185,416.00$180,248.00$172,604.00
Other comp, non-reportable, from org and related orgs$70,321.00$66,152.00$65,070.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Habedank, Mark
TitleDirectorSecretarySecretary
Name of key/compensated personMark HabedankMark HabedankMark Habedank
Average hours per week working for org2.403.103.00
Reportable compensation from org$2,832.00$3,532.00$3,432.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kaiser, Jim
TitleDirector (Mar-Dec)  
Name of key/compensated personJim Kaiser  
Average hours per week working for org2.90  
Reportable compensation from org$3,819.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Lavoy, Greg
TitleDirectorDirectorDirector
Name of key/compensated personGreg LaVoyGreg LaVoyGreg LaVoy
Average hours per week working for org2.001.502.60
Reportable compensation from org$3,432.00$2,432.00$4,132.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Nornes, Jeff
TitleChairmanChairmanChairman
Name of key/compensated personJeff NornesJeff NornesJeff Nornes
Average hours per week working for org4.205.104.70
Reportable compensation from org$6,732.00$7,332.00$6,432.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Okeson, Russell
TitleVice ChairmanVice ChairmanVice Chairman
Name of key/compensated personRussell OkesonRussell OkesonRussell Okeson
Average hours per week working for org2.503.102.30
Reportable compensation from org$3,521.00$4,131.00$3,432.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Sollie, Larry
TitleTreasurerTreasurerTreasurer
Name of key/compensated personLarry SollieLarry SollieLarry Sollie
Average hours per week working for org3.603.504.50
Reportable compensation from org$5,010.00$4,832.00$5,532.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Winter, Roger
TitleDirectorDirectorDirector
Name of key/compensated personRoger WinterRoger WinterRoger Winter
Average hours per week working for org4.003.302.70
Reportable compensation from org$5,721.00$5,351.00$4,962.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesThe exempt purpose of the Organization is to provide electricity to members.The exempt purpose of the Organization is to provide electricity to members.The exempt purpose of the Organization is to provide electricity to members.
Programs, including revenue & expenses
Wild Rice Electric is a retail power supplier, which owns and maintains over 3,983 miles of distribution lines in a 3,200 square mile service area. The Cooperative serves 14,291 consumers made up of 11,634 members.
Program descriptionWild Rice Electric is a retail power supplier, which owns and maintains over 3,983 miles of distribution lines in a 3,200 square mile service area. The Cooperative serves 14,291 consumers made up of 11,634 members.Wild Rice Electric is a retail power supplier, which owns and maintains over 3,969 miles of distribution lines in a 3,200 square mile service area. The Cooperative serves 14,165 consumers made up of 11,718 members.Wild Rice Electric is a retail power supplier, which owns and maintains over 3,946 miles of distribution lines in a 3,200 square mile service area. The Cooperative serves 14,068 consumers made up of 11,366 members.
Financial data
Expense categories (totals)
Sum (total functional expenses)$31,852,034.00$30,754,272.00$30,543,575.00
Revenue
Total revenue$31,738,757.00$30,837,021.00$30,441,810.00
Program service revenue (total)$31,507,287.00$30,545,056.00$30,058,162.00
Revenue from contributions (total)  $0.00
Investment income$231,596.00$291,659.00$385,763.00
Total unrelated business revenue-$63,373.00-$11,942.00-$27,771.00
Other revenue, current yr-$126.00$306.00-$2,115.00
Net unrelated business taxable revenue-$63,930.00-$18,074.00-$36,763.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Gross receipts$31,742,130.00$30,842,888.00$30,449,538.00
Other types of revenue
Income from dividends, interest, and similar investments$231,596.00$253,699.00$245,734.00
Net rental income  $0.00
Net inventory sales (total)-$126.00$306.00-$2,115.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$61,052,073.00$59,592,694.00$58,222,138.00
Total assets, beginning of year$59,592,694.00$58,222,138.00$57,060,978.00
Total liabilities$33,788,898.00$32,485,192.00$30,984,896.00
Total liabilities, beginning of year$32,485,192.00$30,984,896.00$30,024,772.00
Net assets$27,263,175.00$27,107,502.00$27,237,242.00
Net assets, beginning of year$27,107,502.00$27,237,242.00$27,036,206.00
Other liabilities$322,504.00$337,187.00$318,530.00
Other assets$8,460.00$29,558.00$425,160.00
Investments: other securities$712,431.00$839,372.00$994,595.00
Investments: program-related$2,733,682.00$2,609,418.00$2,595,457.00
Escrow or custodial account liability$1,272.00$1,649.00$0.00
Inventories for sale or use$891,172.00$836,971.00$808,456.00
Other financial variables
Revenue less expenses-$113,277.00$82,749.00-$101,765.00
Savings & temp cash investment$2,240,028.00$2,613,567.00$1,308,104.00
Accounts receivable, net$4,794,027.00$4,360,342.00$3,968,802.00
Prepaid expenses & deferred charges$960,456.00$1,118,914.00$1,256,989.00
Accounts payable & accrued expenses$3,700,044.00$3,609,580.00$3,391,699.00
Deferred revenue$40,796.00$113,273.00$427,199.00
Secured mortgages and notes payable$29,724,282.00$28,423,503.00$26,847,468.00
Total net assets or fund balances$27,263,175.00$27,107,502.00$27,237,242.00
Depreciation, depletion, amortization$2,110,663.00$2,062,816.00$1,915,065.00
Governance and accountability
Number of voting members999
Number of independent voting members999
Financial sheets auditedTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-01
Tax year end date2017-12-312016-12-312015-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Org has controlled entityTrueTrueTrue
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-05-312017-10-172016-09-19
IRS schema version2017v2.22016v3.02015v2.1
Filing identifier201841359349304714201701869349301350201611339349302151
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