2024-04-23T15:51:06-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 390150875 BARRON ELECTRIC COOPERATIVE BARR 7155373171 PO BOX 40 BARRON WI 54812 AARON TORUD GENERAL MANAGER 7155373171 2024-04-23 1 AARON TORUD 999009999 0 KATHERINE LUTZKE CPA P01760889 5072802300 2024-04-23 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z AARON TORUD PO BOX 40 BARRON WI 54812 42911022 0 X HTTPS://BARRONELECTRIC.COM/ X 1937 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 9 9 48 0 785 0 0 0 39524464 41341280 37828 30668 1299989 1513744 40862281 42885692 0 0 1740655 3433829 452355 429784 0 0 0 38669271 39022079 40862281 42885692 0 0 86521294 91270277 42052225 44474935 44469069 46795342 BARRON ELECTRIC COOPERATIVE IS A MEMBER-OWNED BUSINESS THAT SAFELY PROVIDES ENERGY, PRODUCTS, AND SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE AREA WE SERVE. 0 0 THE COOPERATIVE SOLD 365,792,982 KWH OF ELECTRICITY TO MEMBERS DURING 2023. 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 VALUE TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 48 1 1 1 0 0 0 0 40449732 1569742 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER HORSTMAN 7155373171 PO BOX 40 BARRON WI 54812 RANDY COOK PRESIDENT 6.69 X X 16082 0 0 MICHAEL BAKER VICE PRESIDENT 5.98 X X 13192 0 0 TIMOTHY KESSLER TREASURER 4.92 X X 12214 0 0 SCOTT WARWICK SECRETARY 5.90 X X 13839 0 0 RICHARD BOL DIRECTOR 4.06 X 9416 0 0 WILLIAM EFFERTZ DIRECTOR 4.56 X 13435 0 0 LARRY KUHL DIRECTOR 4.45 X 12097 0 0 PATRICIA MANDEL DIRECTOR 4.59 X 11751 0 0 DAVID OLSON DIRECTOR 4.31 X 9785 0 0 AARON TORUD GENERAL MANAGER 45.00 X 183151 0 134822 TIMOTHY ENGEL LINEMEN 40.00 X 121128 0 48533 JENNIFER BEAUDETTE DIRECTOR OF MEMBER SERVICE 45.00 X 102430 0 98942 JEFFREY NELSON LINE SUPERINTENDENT 45.00 X 122698 0 58688 MANDY STRAW DIRECTOR OF FINANCE 45.00 X 114841 0 93312 NATHAN STEINES DIRECTOR OF OPERATIONS 45.00 X 120733 0 66912 876792 0 501209 19 0 1 0 ZIELIE'S TREE SERVICE INC PO BOX 307 BRUCE WI 54819 TREE TRIMMING 1219215 PUSH INC PO BOX 72 RICE LAKE WI 54868 PLOW URD SERVICES 361486 A-1 POWER LLC 8237 WI HWY 64 BLOOMER WI 54724 PLOW URD SERVICES 338516 JOLMA ELECTRIC 63946 HANGARD RD ASHLAND WI 54806 POLE CHANGES 238873 BULL DOZIN INC 2259 20 1/8 ST RICE LAKE WI 54868 SUBSTATION SITE PREP 151165 6 SALE OF POWER 221000 41341280 41341280 41341280 30668 30668 31432 0 31432 31432 31432 26115 25330 785 785 CAPITAL CREDITS 900099 1481527 1481527 1481527 42885692 42822807 785 62100 3433829 429784 1666609 3331733 COST OF POWER 26255613 DISTRIBUTION MAINTENANC 2792130 ADMINISTRATIVE & GENERA 2067473 DISTRIBUTION OPERATIONS 1612934 1295587 42885692 168128 240026 1272 901 2925761 2829644 82125 16425 553647 1052855 192071 197718 107879307 42325957 62222957 65553350 20274699 21166826 100634 212532 86521294 91270277 3219593 2514038 36980455 40005248 1852177 1955649 42052225 44474935 X 0 0 0 0 44469069 46795342 44469069 46795342 86521294 91270277 X 0 2326273 X 0 1 X 1 0 1372873 1372873 4668408 1642745 3025663 101838026 40683212 61154814 65553350 INVESTMENT IN ASSOCIATED ORGANIZATION - PATRONAGE 20110009 C INVESTMENT IN ASSOCIATED ORGANIZATION - NON GENERAL 1014693 C OTHER INVESTMENTS 42124 C 21166826 CUSTOMER DEPOSITS 199650 ACCRUED INTEREST 154623 ACCRUED PAYROLL 156828 ACCRUED GROSS REVENUE TAX 156713 ACCRUED VACATION 449274 OTHER CURRENT LIABILITIES 189134 DEFERRED LIABILITIES 490684 CAPITAL CREDITS PAYABLE 158727 ACCRUED UNEMPLOYMENT 16 1955649 X 42885692 0 42885692 0 42885692 39451864 0 39451864 3433828 3433828 42885692 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2023 AND DECEMBER 31, 2022. THE COOPERATIVE EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 3,433,829. ROUNDING -1. X X X 0 0 0 AARON TORUD GENERAL MANAGER 183151 0 0 0 0 0 106289 0 28533 0 317973 0 0 0 MANDY STRAW DIRECTOR OF FINANCE 114841 0 0 0 0 0 65521 0 27791 0 208153 0 0 0 JENNIFER BEAUDETTE DIRECTOR OF MEMBER SERVICE 102430 0 0 0 0 0 71310 0 27632 0 201372 0 0 0 NATHAN STEINES DIRECTOR OF OPERATIONS 120733 0 0 0 0 0 39063 0 27849 0 187645 0 0 0 JEFFREY NELSON LINE SUPERINTENDENT 122698 0 0 0 0 0 44858 0 13830 0 181386 0 0 0 TIMOTHY ENGEL LINEMEN 121128 0 0 0 0 0 21797 0 26736 0 169661 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A COOPERATIVE WITH MEMBER-OWNERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE ONE OR MORE CANDIDATES FOR A DIRECTOR POSITION FOR EACH DISTRICT OF THE COOPERATIVE. MEMBERS ELECT THE BOARD OF DIRECTORS AT THE MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBERSHIP SHALL BE ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE GENERAL MANAGER AND FINANCE MANAGER BEFORE IT IS SIGNED AND FILED. THE BOARD OF DIRECTORS IS GIVEN A COPY OF THE FORM 990 TO REVIEW BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY WAS GIVEN TO EACH CURRENT EMPLOYEE AND DIRECTOR AS WELL AS EACH NEW EMPLOYEE AND DIRECTOR THE CONFLICT OF INTEREST POLICY IS A SELF-POLICING POLICY IN WHICH IT IS THE RESPONSIBILITY OF EACH EMPLOYEE/DIRECTOR TO COME FORWARD WITH ANY POTENTIAL CONFLICTS WHENEVER THEY OCCUR THE WHISTLEBLOWER POLICY SUPPORTS THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY BY ENCOURAGING ALL EMPLOYEES AND DIRECTORS TO REPORT CONFLICTS OF INTEREST AND OTHER QUESTIONABLE BEHAVIOR. BOARD MEMBERS ARE TO EXCUSE THEMSELVES FROM PROCEEDINGS OR VOTES WHERE A POTENITAL CONFLICT OF INTEREST EXISTS. CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS USES COMPARABILITY DATA PROVIDED BY NRECA TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER. THE BOARD OF DIRECTORS DETERMINES THE GENERAL MANAGER'S COMPENSATION AND REPORTS IT TO THE EXECUTIVE SECRETARY VIA MINUTES FROM THE BOARD DIRECTOR CONFIDENTIAL CLOSED SESSION. THE GENERAL MANAGER APPROVES THE COMPENSATION OF ALL OTHER EMPLOYEES. THE GENERAL MANAGER USES BOTH COMPARABILITY DATA PROVIDED BY NRECA AND DATA FROM THE MOST CURRENT WAGE STUDY PERFORMED AT BARRON ELECTRIC BY AN OUTSIDE INDEPENDENT CONSULTANT, TO DETERMINE COMPENSATION. INDIVIDUAL COMPENSATION IS DETERMINED BY THE GENERAL MANAGER. COMPENSATION AS A WHOLE IS APPROVED BY THE BOARD OF DIRECTORS. INDIVIDUAL COMPENSATION IS REPORTED BY A DOCUMENT SIGNED BY THE GENERAL MANAGER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION IS AVAILABLE UPON WRITTEN REQUEST TO THE ATTENTION OF THE GENERAL MANAGER. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,107,555. PATRONAGE DIVIDEND ALLOCATED 3,433,829. ROUNDING -1. FORM 990, PART IX, LINE 4: THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.