2026-06-11T17:35:38-04:00 2025-12-31 411562398 CARLSONSV LLP 505 HWY 169 N SUITE 100 PLYMOUTH MN 55441 990 2025-01-01 390539446 PIERCE-PEPIN COOPERATIVE SERVICES PIER 7152734355 W7725 US HIGHWAY 10 ELLSWORTH WI 540114890 NATHAN BOETTCHER PRESIDENT/CEO 7152732429 2026-05-26 true MATT GUYER CPA P00386499 7635429633 2026-05-26 X 2025 2025-03-06 01:10:19Z X NATHAN BOETTCHER W7725 HWY 10 ELLSWORTH WI 540110420 27244430 false X WWW.PIERCEPEPIN.COOP X 1937 WI COOPERATIVE ELECTRIC ULILITY SALES TO ITS MEMBERS. 9 9 48 3111812 0 19975937 24086565 20412 29438 2636656 3111812 22633005 27227815 0 281822 1394062 771704 691255 0 0 21579479 25142498 22633005 27227815 0 95967694 101769033 72088546 76920329 23879148 24848704 TO PROVIDE ELECTRICITY TO MEMBERS AND TO CONSTRUCT AND MAINTAIN ELECTRIC DISTRIBUTIION LINES TO DELIVER ELECTRICITY TO MEMBERS. false false PROVIDED ELECTRICAL DISTRIBUTION TO OUR 7,993 MEMBER OWNERS USING OUR 1,393 MILES OF LINE WE MAINTAIN IN RURAL WISCONSIN. false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 44 0 48 true true true false false false false 23684088 3767461 false false false X 9 9 false false true false true true true true true false false true true true true true true true true false WI X X BECKY BRADBURN 7152732429 W7725 HWY 10 ELLSWORTH WI 54011 NATHAN BOETTCHER PRESIDENT/CE 46.00 X 286771 0 97145 BECKY BRADBURN VP/CFO, FINA 49.00 X 170322 0 80902 BRADLEY RISTOW VP OPERATION 44.50 X 146200 0 71238 DANIEL JENSEN LINEMAN 44.00 X 134957 0 71882 SCOTT FREIER COO 47.50 X 153940 0 40508 DAVID FRENCH DIRECTOR OF 40.00 X 118618 0 39148 AUSTIN MANORE LINEMAN 43.50 X 119373 0 31954 BRENT PAULSON LINEMAN 44.00 X 119835 0 21392 GINNY HUBER SECRETARY/TR 6.41 X X 13862 0 0 JOHN PARKES VICE CHAIR 4.64 X X 11200 0 0 ANN YOUNG DIRECTOR 7.41 X 9400 0 0 LEROY CLARK DIRECTOR 4.66 X 8800 0 0 BRIAN S BERGSENG CHAIR 6.58 X X 8400 0 0 SCOTT DONNELLY DIRECTOR 3.22 X 6800 0 0 PAUL SOLYNTJES DIRECTOR 3.00 X 5600 0 0 GLEN FISHER DIRECTOR 2.20 X 5000 0 0 PAUL TONSAGER DIRECTOR 1.24 X 4400 0 0 BRIAN BERG DIRECTOR 3.91 X 2400 0 0 EDWARD HASS DIRECTOR 3.28 X 2200 0 0 GERALD DRIER DIRECTOR 9.37 X 2160 0 0 1330238 454169 18 false true false TD&I CABLE MAINTENANCE INC PO BOX 266 LAKELAND MN 55043 BROADBAND INSTA 9000275 CONEXON LLC 2001 GRAND BLVD 700 KANSAS CITY MO 64108 BROADBAND INSTA 510128 ZIELIE TREE SERVICE INC PO BOX 307 BRUCE WI 54819 RIGHT OF WAY 436163 TJADER & HIGHSTROM UTILITY SERVICES PO BOX 856489 MINNEAPOLIS MN 55485 POWER LINE CONS 284360 KOHNEN UNDERGROUND UTILITIES 2042 6TH AVENUE CHETEK WI 54728 LOCATING SERVIC 268312 7 ELECTRICAL REVENUE 221000 23273424 23273424 CAPITAL CREDITS 221000 802114 802114 POLE RENTAL 221000 9619 9619 ELECTRIC PROPERTY RENTAL 1408 1408 24086565 22429 22429 23624 16615 7009 7009 7009 ACCESS FEE 532000 3061812 3061812 MISC REVENUE/ASSET SALES 532000 50000 50000 3111812 27227815 24082547 3111812 33456 1394062 691255 2931000 3409630 PURCHASED POWER 12615107 ADMIN AND GENERAL 2040205 MAINTENANCE 1710467 OPERATIONS 1634389 801700 27227815 0 0 0 702082 603370 4938083 1058230 2302753 2991465 1181396 721550 118544215 33913189 75665307 84631026 9895432 10117336 1282641 1646056 95967694 101769033 2909015 1762465 67149538 72925902 2029993 2231962 72088546 76920329 X 23769867 24948534 109281 -99830 23879148 24848704 95967694 101769033 X 0 969556 X false true X true true true 260016 260016 118284199 33913189 84371010 84631026 DAIRYLAND POWER COOPERATIVE 8065846 C NRU CFC 963651 C OTHER INVESTMENTS 479325 C NATIONAL RURAL UTILITIES COOPERATIVE 397310 C FEDERATED RURAL ELECTRIC INSURANCE 151645 C SWIFTCURRENT CONNECT, INC. 59559 C 10117336 ACCRUED INTEREST 533777 ACCRUED PTO 420692 OTHER LIABILITIES 415571 DEFERRED CREDITS 328831 CUSTOMER DEPOSITS 196872 ACCRUED WAGES 176830 INVESTMENT IN ELECTRONIC DEV. CORP 159389 2231962 X 32289128 5061313 5061313 27227815 27227815 31104176 5270423 5270423 25833753 1394062 1394062 27227815 SCHEDULE D, PAGE 3, PART X THE COMPANY ACCOUNTS FOR INCOME TAX PROVISIONS FOLLOWING ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE CONSOLIDATED FINANCIAL STATEMENTS ANY UNCERTAIN TAX POSITIONS THE COMPANY HAS OR EXPECTS TO TAKE IN ITS INCOME TAX RETURNS. THE COMPANY'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS/LIABILITIES IN INCOME TAX EXPENSE. THE COMPANY HAD NO UNRECOGNIZED TAX BENEFITS/LIABILITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D SUBSIDIARIES REVENUES INCLUDED IN CONSOLIDATED FINANCIALS 5,061,313 SCHEDULE D, PAGE 4, PART XII, LINE 2D SUBSIDIARIES EXPENSES INCLUDED IN CONSOLIDATED FINANCIALS 5,270,423 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDITS ALLOCATED TO MEMBERS 1,394,062 X X X X X false false false NATHAN BOETTCHER PRESIDENT/CEO 248501 27520 10750 48320 48825 383916 BECKY BRADBURN VP/CFO, FINANCE 167322 3000 43682 37220 251224 BRADLEY RISTOW VP OPERATIONS 142465 3000 735 68486 2752 217438 DANIEL JENSEN LINEMAN 134957 39532 32350 206839 SCOTT FREIER COO 150940 3000 38724 1784 194448 DAVID FRENCH DIRECTOR OF MARKETIN 117018 1600 12582 26566 157766 AUSTIN MANORE LINEMAN 119373 12484 19470 151327 FORM 990, PAGE 6, PART VI, LINE 4 BYLAWS WERE AMENDED TO: 1. UPDATE THE MEMBERS OF THE COOPERATIVE PROVISION IN THE ARTICLES OF INCORPORATION AND BYLAWS TO CLARIFY LANGUAGE AND REMOVE REMAINING REFERENCES TO OTHER TYPES OF SERVICES THE COOPERATIVE OFFERS. 2. UPDATE THE LINE EXTENSION PROVISIONS IN THE ARTICLES OF INCORPORATION AND BYLAWS TO CLARIFY HOW LINE EXTENSIONS ARE HANDLED AND PROVIDES THE BOARD OF DIRECTORS DISCRETION IN SETTING COOPERATIVE POLICY AS IT RELATES TO LINE EXTENSIONS. 3. UPDATE THE QUALIFICATION OF DIRECTORS OF THE COOPERATIVE PROVISION IN THE ARTICLES OF INCORPORATION AND BYLAWS TO CLARIFY AND UPDATE THE LANGUAGE RELATED TO A DIRECTORS ELIGIBILITY, RECOGNIZE OTHER TYPES OF LEGAL PARTNERSHIPS CONSTITUTING JOINT MEMBERSHIP, AND CLARIFY THE ELIGIBILITY FOR A COMMERCIAL OR BUSINESS MEMBERSHIP. 4. UPDATE THE COOPERATIVES CAPITAL CREDIT ALLOCATION PROVISIONS IN THE ARTICLES OF INCORPORATION AND BYLAWS TO CLARIFY HOW THE COOPERATIVE ALLOCATES ADDITIONAL MARGINS TO THE MEMBERSHIP TO BE CONSISTENT WITH PRACTICES THAT HAVE BEEN USED IN THE PAST. IT ALSO INCLUDES REVISIONS IN DEALING WITH INTEREST, RENTAL INCOME, AND INCOME FROM OTHER SUBSIDIARIES. 5. UPDATED LANGUAGE REFERRING TO MEMBERS OF THE COOPERATIVE IN THE ARTICLES OF INCORPORATION AND BYLAWS TO REMOVE GENDER-SPECIFIC REFERENCES AND CLARIFY THE BYLAWS PERTAIN TO ALL MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THERE ARE THREE DISTRICTS. MEMBERS VOTE FOR DIRECTORS FROM EACH DISTRICT. A DIRECTOR MUST LIVE IN THE DISTRICT THAT THEY REPRESENT. THEY ARE ELECTED IN THREE YEAR, STAGGERED TERMS WITH THREE DIRECTORS UP FOR ELECTION EACH YEAR. THERE IS A 4 TERM LIMIT. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS HAVE TO APPROVE CHANGES TO THE BYLAWS BY A MAJORITY VOTE. FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF THE FORM 990 ARE MADE AVAILABLE TO THE DIRECTORS BY A SECURED WEB SITE PRIOR TO BEING FILED. DIRECTOR INPUT IS THEN GATHERED AND CHANGES MADE BEFORE THE FINAL COPY IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY THE EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT IS THEN REVIEWED BY THE HR DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 15A PERIODICAL SALARY REVIEW BY OUTSIDE VENDOR. USE OF 990'S FILED BY COMPARABLE COMPANIES. THE COOPERATIVE ALSO SUBSCRIBES TO A SERVICE THAT PROVIDES SALARY DATA FOR COOPERATIVES IN THE ELECTRIC DISTRIBUTION INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 15B PERIODICAL SALARY REVIEW BY OUTSIDE VENDOR. USE OF 990'S FILED BY COMPARABLE COMPANIES. THE COOPERATIVE ALSO SUBSCRIBES TO A SERVICE THAT PROVIDES SALARY DATA FOR COOPERATIVES IN THE ELECTRIC DISTRIBUTION INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 18 A COPY IS AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES ARE AVAILABLE FOR A NOMINAL FEE AT THE ELLSWORTH OFFICE. THE FORM IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF BOARD POLICIES IS AVAILABLE AT THE COOPERATIVE'S OFFICE FOR REVIEW. PAPER COPIES ARE AVAILABLE FOR A NOMINAL FEE. FORM 990, PART XI, LINE 9 CAPITAL CREDITS ALLOCATED 1,394,062 SUBSIDIARIES REVENUES INCLUDED IN CONSOLIDATED FIN 5,061,313 RETIREMENT OF CAPITAL CREDITS -215,395 SUBSIDIARIES EXPENSES INCLUDED IN CONSOLIDATED FIN -5,270,424 TOTAL 969,556 PIERCE PEPIN ELECTRIC DEV CORP W7725 US HIGHWAY 10 ELLSWORTH WI 54011 752989679 ASSISTANCE WI 501C4 N/A false PIERCE PEPIN CARES FOUNDATION INC W7725 US HIGHWAY 10 ELLSWORTH WI 54011 853889308 ASSISTANCE WI 501C3 N/A false SWIFTCURRENT CONNECT INC W7725 US HIGHWAY 10 ELLSWORTH WI 54011 611981290 BROADBAND WI N/A C CORP -209110 1214541 1.00000 false true true false false false false false false false true false false false true true false false false false PIERCE PEPIN ELECTRIC DEV CORP A 9044 ACTUAL CASH PAID PIERCE PEPIN ELECTRIC DEV CORP B 9044 ACTUAL CASH PAID PIERCE PEPIN CARES FOUNDATION INC L 24196 ACTUAL CASH PAID SWIFTCURRENT CONNECT INC J 3061812 ACTUAL CASH PAID