Polk Burnett Electric Cooperative

Centuria, WI
Tax-exempt since Feb. 1943
EIN: 39-0544115

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$39M (2023)

Expenses

$37.6M (2023)

Total Assets

$111M (2023)

Total Liabilities

$44.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$38,989,288

Expenses

$37,586,386

Net Income

$1,402,902

Net Assets

$65,934,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$36,337,183	93.2%
Investment Income	$68,850	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$56,880	0.1%
Net Fundraising	$0
Sales of Assets	$46,468	0.1%
Net Inventory Sales	-$105,482
Other Revenue	$2,585,389	6.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$404,988	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$110,847,800
Total Liabilities	$44,912,920
Net Assets	$65,934,880

Club or Co-Op Income
Income From Members	$36,361,183
Income From Other Sources	$525,942

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$235,473	$0	$168,047
Jesse Seering (Operations M)	$138,678	$0	$36,311
Matthew Kurtzhals (Is Manager)	$129,451	$0	$31,210
Cody Engstrand (Lineman)	$117,014	$0	$14,902
Travis Gingras (Lineman)	$116,506	$0	$16,345
Brett Holdt (Lineman)	$115,747	$0	$9,483
Heather Gerber (Accounting M)	$108,465	$0	$55,182
Edward Gullickson (President)	$11,150	$0	$0
Cynthia Thorman (Director)	$9,100	$0	$0
Joe Metro (Director)	$7,450	$1,400	$0
John Ukura (Director)	$6,700	$0	$0
Gerald Okonek (Director)	$6,450	$0	$0
Wilfred Owens (Director)	$6,200	$1,400	$0
Michael Morris (Vice Preside)	$4,700	$1,800	$0
Thomas Swenson (Director)	$4,700	$0	$0
Charles Brookshaw (Secretary/Tr)	$4,600	$0	$0

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990

Filed on Aug. 28, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$38,082,423

Expenses

$36,380,967

Net Income

$1,701,456

Net Assets

$62,486,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$35,378,861	92.9%
Investment Income	$60,341	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$40,848	0.1%
Net Fundraising	$0
Sales of Assets	$16,000	0.0%
Net Inventory Sales	-$88,822
Other Revenue	$2,675,195	7.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$366,274	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$107,806,214
Total Liabilities	$45,320,004
Net Assets	$62,486,210

Club or Co-Op Income
Income From Members	$35,508,908
Income From Other Sources	$119,731

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$214,633	$0	$196,262
Matthew Kurtzhals (Is Manager)	$125,297	$0	$44,841
Joe Peterson (Lineman)	$110,430	$0	$43,919
Travis Gingras (Lineman)	$108,912	$0	$38,835
Treven Gearheart (Lineman)	$108,733	$0	$19,203
Ryan Crotteau (Lineman)	$107,457	$0	$31,975
Heather Gerber (Accounting M)	$104,851	$0	$63,253
Edward Gullickson (President)	$6,990	$0	$0
Cynthia Thorman (Director)	$6,250	$0	$0
Joe Metro (Director)	$6,050	$1,300	$0
Wilfred Owens (Director)	$5,900	$700	$0
Gerald Okonek (Director)	$4,300	$0	$0
Michael Morris (Vice Preside)	$4,250	$1,660	$0
John Ukura (Director (St)	$4,200	$0	$0
Charles Brookshaw (Secretary/Tr)	$3,650	$0	$0
Thomas Swenson (Director)	$3,650	$0	$0
Jeffrey Traynor (Director (Th)	$1,550	$600	$0

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990

Filed on July 27, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$35,429,512

Expenses

$34,921,039

Net Income

$508,473

Net Assets

$61,003,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$33,884,164	95.6%
Investment Income	$41,502	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$40,848	0.1%
Net Fundraising	$0
Sales of Assets	$27,271	0.1%
Net Inventory Sales	-$97,902
Other Revenue	$1,533,629	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$343,776	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$102,662,809
Total Liabilities	$41,658,931
Net Assets	$61,003,878

Club or Co-Op Income
Income From Members	$34,013,636
Income From Other Sources	$199,372

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$202,792	$0	$165,670
Matthew Kurtzhals (Is Manager)	$118,984	$0	$42,758
Ed Johansen (Operations M)	$116,436	$0	$114,261
Joshua Spoelstra (Lineman)	$106,798	$0	$45,124
Todd Schulte (Member Svc M)	$106,600	$0	$82,854
Keegan Kallevang (Lineman)	$104,787	$0	$28,974
Heather Gerber (Accounting M)	$99,784	$0	$60,001
Joe Metro (Director)	$8,150	$1,200	$0
Edward Gullickson (President)	$5,500	$0	$0
Cynthia Thorman (Director)	$5,450	$0	$0
Wilfred Owens (Director)	$4,250	$0	$0
Michael Morris (Vice Preside)	$4,050	$1,520	$0
Jeffrey Traynor (Director)	$3,750	$1,200	$0
Gerald Okonek (Director)	$3,450	$0	$0
Thomas Swenson (Director)	$3,450	$0	$0
Charles Brookshaw (Secretary/Tr)	$3,150	$0	$0

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990

Filed on July 25, 2022

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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This audit found:

Material weakness in internal controls • Significant deficiency in internal controls

Fiscal Year Ending Dec.
2020

Revenue

$34,411,005

Expenses

$33,518,913

Net Income

$892,092

Net Assets

$57,589,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,646,446	94.9%
Investment Income	$70,160	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$40,800	0.1%
Net Fundraising	$0
Sales of Assets	$16,135	0.0%
Net Inventory Sales	-$63,860
Other Revenue	$1,701,324	4.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$477,133	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$97,773,111
Total Liabilities	$40,183,602
Net Assets	$57,589,509

Club or Co-Op Income
Income From Members	$32,757,996
Income From Other Sources	$327,070

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$198,979	$0	$206,057
Matthew Kurtzhals (Is Manager)	$118,433	$0	$37,017
Ed Johansen (Operations M)	$113,799	$0	$135,714
Joshua Spoelstra (Lineman)	$108,892	$0	$40,267
Keegan Kallevang (Lineman)	$106,617	$0	$25,278
Ryan Crotteau (Lineman)	$105,855	$0	$16,208
Heather Gerber (Accounting M)	$100,456	$0	$55,953
Joe Metro (Director)	$6,200	$900	$0
Wilfred Owens (Director)	$5,600	$0	$0
Edward Gullickson (President)	$4,980	$0	$0
Cynthia Thorman (Director)	$4,700	$0	$0
Gerald Okonek (Director)	$4,600	$0	$0
Thomas Swenson (Director)	$4,000	$0	$0
Charles Brookshaw (Secretary/Tr)	$3,600	$0	$0
Jeffrey Traynor (Director)	$3,300	$1,200	$0
Michael Morris (Vice Preside)	$3,000	$1,520	$0

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990

Filed on June 30, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$35,553,536

Expenses

$34,492,066

Net Income

$1,061,470

Net Assets

$54,544,689

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$33,599,887	94.5%
Investment Income	$115,998	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$40,586	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$38,267
Other Revenue	$1,835,332	5.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$474,888	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$95,015,143
Total Liabilities	$40,470,454
Net Assets	$54,544,689

Club or Co-Op Income
Income From Members	$33,532,747
Income From Other Sources	$431,613

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$194,109	$0	$156,429
Joshua Spoelstra (Lineman)	$118,706	$0	$32,630
Matthew Kurtzhals (Is Manager)	$117,616	$0	$27,384
Keegan Kallevang (Lineman)	$116,866	$0	$17,088
Ed Johansen (Operations M)	$113,901	$0	$104,427
Joseph Peterson (Lineman)	$108,297	$0	$28,324
Heather Gerber (Accounting M)	$96,904	$0	$45,589
Edward Gullickson (President)	$9,360	$0	$0
Joe Metro (Director)	$9,100	$1,200	$0
Cynthia Thorman (Director)	$6,800	$0	$0
Charles Brookshaw (Secretary/Tr)	$5,100	$0	$0
Gerald Okonek (Director)	$4,900	$0	$0
Michael Morris (Vice Preside)	$4,200	$1,645	$0
Wilfred Owens (Director)	$4,200	$0	$0
Jeffrey Traynor (Director)	$3,300	$1,325	$0
Thomas Swenson (Director)	$3,300	$0	$0

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990

Filed on June 24, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$34,334,787

Expenses

$33,324,810

Net Income

$1,009,977

Net Assets

$51,331,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,749,678	95.4%
Investment Income	$75,196	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,901	0.1%
Net Fundraising	$0
Sales of Assets	$38,000	0.1%
Net Inventory Sales	-$30,645
Other Revenue	$1,481,657	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$443,836	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$92,607,734
Total Liabilities	$41,276,379
Net Assets	$51,331,355

Club or Co-Op Income
Income From Members	$32,682,187
Income From Other Sources	$725,083

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$183,385	$0	$133,316
Matthew Kurtzhals (Is Manager)	$114,215	$0	$28,679
Ed Johansen (Operations M)	$109,952	$0	$100,064
Joshua Spoelstra (Lineman)	$109,311	$0	$30,157
Todd Schulte (Member Servi)	$101,429	$0	$65,332
Heather Gerber (Accounting M)	$91,796	$0	$44,712
Edward Gullickson (President)	$8,860	$0	$0
Joe Metro (Director)	$8,400	$600	$0
Cynthia Thorman (Director)	$7,200	$0	$0
Charles Brookshaw (Secretary/Tr)	$5,300	$0	$0
Wilfred Owens (Director)	$4,800	$0	$0
Michael Morris (Vice Preside)	$4,500	$1,400	$0
Thomas Swenson (Director)	$4,400	$0	$0
Jeffrey Traynor (Director)	$3,900	$1,200	$0
Maurice Miller (Director (Ja)	$1,500	$600	$0
Gerald Okonek (Director (Oc)	$1,500	$0	$0

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990

Filed on June 25, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$34,383,189

Expenses

$32,951,514

Net Income

$1,431,675

Net Assets

$49,605,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,853,614	92.6%
Investment Income	$66,083	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,665	0.1%
Net Fundraising	$0
Sales of Assets	$16,049	0.0%
Net Inventory Sales	-$48,169
Other Revenue	$2,474,947	7.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$413,257	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$92,518,886
Total Liabilities	$42,912,945
Net Assets	$49,605,941

Club or Co-Op Income
Income From Members	$32,785,360
Income From Other Sources	$73,455

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$170,934	$0	$105,008
Matthew Kurtzhals (Is Manager)	$110,919	$0	$23,740
Joshua Spoelstra (Lineman)	$109,755	$0	$24,478
Ed Johansen (Operations M)	$106,808	$0	$81,903
Todd Schulte (Member Servi)	$102,199	$0	$51,614
Jeremy Gingras (Lineman)	$100,840	$0	$30,110
Heather Gerber (Accounting M)	$88,309	$0	$38,978
Edward Gullickson (President)	$8,760	$0	$0
Joe Metro (Director)	$7,325	$0	$0
Cynthia Thorman (Director)	$7,000	$0	$0
Wilfred Owens (Director)	$5,400	$0	$0
Michael Morris (Vice Preside)	$4,400	$1,350	$0
Charles Brookshaw (Secretary/Tr)	$4,200	$0	$0
Thomas Swenson (Director)	$4,000	$0	$0
Jeffrey Traynor (Director)	$3,500	$1,200	$0
Maurice Miller (Director)	$3,000	$1,200	$0

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990

Filed on May 23, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$32,609,510

Expenses

$32,456,967

Net Income

$152,543

Net Assets

$47,216,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,513,516	96.6%
Investment Income	$51,203	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,702	0.1%
Net Fundraising	$0
Sales of Assets	$47,022	0.1%
Net Inventory Sales	-$58,826
Other Revenue	$1,035,893	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$394,315	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$89,561,446
Total Liabilities	$42,345,337
Net Assets	$47,216,109

Club or Co-Op Income
Income From Members	$31,454,054
Income From Other Sources	$219,322

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Gm/Ceo)	$156,252	$0	$99,666
Todd Schulte (Member Servi)	$114,132	$0	$49,398
Matthew Kurtzhals (Is Manager)	$106,522	$0	$20,425
Joel Craker (Lineman)	$102,173	$0	$40,863
Ed Johansen (Operations M)	$100,711	$0	$66,616
Heather Gerber (Accounting M)	$88,891	$0	$33,972
Edward Gullickson (President)	$9,760	$0	$0
Cynthia Thorman (Director)	$6,600	$0	$0
Charles Brookshaw (Secretary/Tr)	$5,600	$0	$0
Joe Metro (Director (Ju)	$4,425	$0	$0
Michael Morris (Vice Preside)	$4,300	$1,400	$0
Thomas Swenson (Director)	$3,700	$0	$0
Maurice Miller (Director)	$3,600	$1,200	$0
Jeffrey Traynor (Director)	$3,300	$300	$0
Wilfred Owens (Director (Ju)	$3,025	$0	$0
Marlyn Bottolfson (Director (Ja)	$2,700	$600	$0

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990

Filed on June 27, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$33,026,668

Expenses

$32,855,246

Net Income

$171,422

Net Assets

$44,799,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,760,940	96.2%
Investment Income	$53,391	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,865	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$39,387
Other Revenue	$1,231,859	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$468,342	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$279,599	0.9%

Assets/Debt
Total Assets	$88,176,958
Total Liabilities	$43,377,568
Net Assets	$44,799,390

Club or Co-Op Income
Income From Members	$31,701,940
Income From Other Sources	$1,120,122

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Stroshane (Cm/Ceo (Curr)	$132,768	$0	$49,493
Todd Schulte (Member Servi)	$114,478	$0	$44,286
William Schmidt (Gm/Ceo (Jan )	$111,974	$0	$6,576
Matthew Kurtzhals (Is Manager)	$107,434	$0	$18,769
Heather Gerber (Accounting M)	$84,993	$0	$24,268
Edward Gullickson (President)	$9,585	$0	$0
Charles Brookshaw (Secretary/Tr)	$6,575	$0	$0
Cynthia Thorman (Director)	$6,425	$0	$0
Michael Morris (Vice Preside)	$6,275	$1,400	$0
Robert Thorsbakken (Dir (Thru Mi)	$5,650	$1,200	$0
Thomas Swenson (Director)	$4,325	$0	$0
Marlyn Bottolfson (Director)	$4,250	$900	$0
Jeffrey Traynor (Director)	$3,225	$0	$0
Maurice Miller (Director)	$2,300	$0	$0
Janet Mcinroy (Director (Ja)	$1,525	$0	$0
Jeffrey Peterson (Director (Ja)	$425	$0	$0

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990

Filed on April 29, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$33,625,732

Expenses

$33,376,213

Net Income

$249,519

Net Assets

$41,906,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,303,015	96.1%
Investment Income	$53,738	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,678	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$76,650
Other Revenue	$1,325,951	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$406,876	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$86,559,192
Total Liabilities	$44,653,129
Net Assets	$41,906,063

Club or Co-Op Income
Income From Members	$32,182,802
Income From Other Sources	$1,308,623

Compensation

Key Employees and Officers	Compensation	Related	Other
William Schmidt (General Mana)	$174,613	$0	$59,179
Steven Stroshane (Engineer/Ops)	$100,745	$0	$45,827
Heather Gerber (Accounting M)	$73,883	$0	$27,780
Edward Gullickson (President)	$9,715	$0	$0
Cynthia Thorman (Director)	$7,775	$0	$0
Charles Brookshaw (Secretary/Tr)	$5,850	$0	$0
Robert Thorsbakken (Director)	$5,600	$1,200	$0
Marlyn Bottolfson (Director)	$5,525	$1,200	$0
Michael Morris (Vice Preside)	$5,500	$1,400	$0
Thomas Swenson (Director)	$4,325	$0	$0
Janet Mc Inroy (Director)	$4,125	$0	$0
Jeffrey Peterson (Director)	$4,100	$0	$0

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990

Filed on April 29, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$33,335,757

Expenses

$32,938,049

Net Income

$397,708

Net Assets

$38,603,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,782,007	95.3%
Investment Income	$447,309	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$17,362	0.1%
Net Fundraising	$0
Sales of Assets	$9,919	0.0%
Net Inventory Sales	-$69,109
Other Revenue	$1,148,269	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$276,500	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$84,380,212
Total Liabilities	$45,776,340
Net Assets	$38,603,872

Club or Co-Op Income
Income From Members	$31,668,090
Income From Other Sources	$1,780,324

Compensation

Key Employees and Officers	Compensation	Related	Other
William Schmidt (General Manager/Ceo)	$167,159	$0	$59,466
Edward Gullickson (President)	$9,175	$0	$0
Cynthia Thorman (Secretary Treasurer)	$6,975	$0	$0
Michael Morris (Vice President)	$5,850	$1,400	$0
Charles Brookshaw (Director)	$5,050	$0	$0
Thomas Swenson (Director)	$4,900	$0	$0
Janet Mc Inroy (Director)	$4,825	$0	$0
Robert Thorsbakken (Director)	$4,650	$1,200	$0
Jeffrey Peterson (Director)	$4,250	$0	$0
Marlyn Bottolfson (Director)	$4,200	$1,200	$0

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990

Filed on June 25, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$33,343,352

Expenses

$33,319,472

Net Income

$23,880

Net Assets

$35,228,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,169,474	96.5%
Investment Income	$54,772	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$17,337	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$50,690
Other Revenue	$1,152,459	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$265,332	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$80,800,495
Total Liabilities	$45,572,472
Net Assets	$35,228,023

Club or Co-Op Income
Income From Members	$32,043,865
Income From Other Sources	$1,393,866

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$33,880,075

Expenses

$33,839,039

Net Income

$41,036

Net Assets

$31,118,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,718,619	96.6%
Investment Income	$62,765	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$13,832	0.0%
Net Fundraising	$0
Sales of Assets	-$15,965
Net Inventory Sales	-$37,149
Other Revenue	$1,137,973	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$400,405	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$77,595,048
Total Liabilities	$46,476,611
Net Assets	$31,118,437

Club or Co-Op Income
Income From Members	$33,191,550
Income From Other Sources	$1,212,738

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Polk Burnett Electric Cooperative

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $39M (2023)

Expenses $37.6M (2023)

Total Assets $111M (2023)

Total Liabilities $44.9M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$39M (2023)

Expenses

$37.6M (2023)

Total Assets

$111M (2023)

Total Liabilities

$44.9M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

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2017

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2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

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2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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