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Washington Island Electric Co Op Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.2M (2023)

Expenses
$2.28M (2023)

Total Assets
$8.14M (2023)

Total Liabilities
$5.8M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,203,803
Expenses
$2,283,732
Net Income
-$79,929
Net Assets
$2,339,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,134,588
96.9%
Investment Income $47,764
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,451
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $126,248
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $221,194
9.7%
Assets/Debt
Total Assets $8,143,066
Total Liabilities $5,803,570
Net Assets $2,339,496
Club or Co-Op Income
Income From Members $2,134,468
Income From Other Sources $69,215
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $126,248 $0 $0
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,133,742
Expenses
$2,091,687
Net Income
$42,055
Net Assets
$2,469,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,082,896
97.6%
Investment Income $30,364
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,482
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $124,190
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $209,909
10.0%
Assets/Debt
Total Assets $7,029,232
Total Liabilities $4,560,032
Net Assets $2,469,200
Club or Co-Op Income
Income From Members $2,082,776
Income From Other Sources $50,846
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $116,890 $0 $0
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,881,211
Expenses
$1,871,820
Net Income
$9,391
Net Assets
$2,435,281
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,860,495
98.9%
Investment Income $17,764
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,952
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $118,047
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $171,464
9.2%
Assets/Debt
Total Assets $5,340,204
Total Liabilities $2,904,923
Net Assets $2,435,281
Club or Co-Op Income
Income From Members $1,860,375
Income From Other Sources $20,716
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $110,847 $0 $0
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,933,530
Expenses
$1,711,455
Net Income
$222,075
Net Assets
$2,450,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,883,523
97.4%
Investment Income $39,422
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,585
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $107,655
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $172,170
10.1%
Assets/Debt
Total Assets $4,546,175
Total Liabilities $2,096,153
Net Assets $2,450,022
Club or Co-Op Income
Income From Members $1,883,403
Income From Other Sources $50,007
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $107,655 $0 $7,000
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,119,011
Expenses
$1,824,185
Net Income
$294,826
Net Assets
$2,370,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,088,572
98.6%
Investment Income $21,339
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,100
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $104,870
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $207,325
11.4%
Assets/Debt
Total Assets $6,545,616
Total Liabilities $4,174,629
Net Assets $2,370,987
Club or Co-Op Income
Income From Members $2,088,572
Income From Other Sources $21,339
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $104,870 $0 $6,750
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,849,533
Expenses
$1,765,460
Net Income
$84,073
Net Assets
$2,070,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,822,847
98.6%
Investment Income $22,153
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,533
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,363
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $160,613
9.1%
Assets/Debt
Total Assets $6,800,889
Total Liabilities $4,730,822
Net Assets $2,070,067
Club or Co-Op Income
Income From Members $1,822,727
Income From Other Sources $22,153
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $102,363 $0 $6,750
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,789,152
Expenses
$1,613,205
Net Income
$175,947
Net Assets
$2,010,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,760,312
98.4%
Investment Income $14,750
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,090
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,839
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $131,496
8.2%
Assets/Debt
Total Assets $3,568,144
Total Liabilities $1,557,949
Net Assets $2,010,195
Club or Co-Op Income
Income From Members $1,760,192
Income From Other Sources $14,750
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $100,839 $0 $6,750
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Joel Gunnlaugsson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,743,535
Expenses
$1,617,350
Net Income
$126,185
Net Assets
$1,842,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,721,431
98.7%
Investment Income $13,833
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,300
Net Inventory Sales $0
Other Revenue $10,571
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,323
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $128,184
7.9%
Assets/Debt
Total Assets $3,456,847
Total Liabilities $1,613,938
Net Assets $1,842,909
Club or Co-Op Income
Income From Members $1,721,296
Income From Other Sources $13,833
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $96,323 $0 $6,750
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Richard Clancy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,781,311
Expenses
$1,628,938
Net Income
$152,373
Net Assets
$1,716,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,764,989
99.1%
Investment Income $16,322
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $94,864
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $114,728
7.0%
Assets/Debt
Total Assets $3,207,629
Total Liabilities $1,490,905
Net Assets $1,716,724
Club or Co-Op Income
Income From Members $1,764,828
Income From Other Sources $16,322
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $94,864 $0 $7,059
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Richard Clancy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,685,202
Expenses
$1,682,634
Net Income
$2,568
Net Assets
$1,583,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,668,492
99.0%
Investment Income $13,530
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,180
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,977
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $145,575
8.7%
Assets/Debt
Total Assets $3,006,944
Total Liabilities $1,423,172
Net Assets $1,583,772
Club or Co-Op Income
Income From Members $1,668,297
Income From Other Sources $13,530
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $89,977 $0 $7,115
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Richard Clancy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,554,509
Expenses
$1,663,004
Net Income
-$108,495
Net Assets
$1,592,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,524,869
98.1%
Investment Income $29,640
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $91,656
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $145,341
8.7%
Assets/Debt
Total Assets $3,095,739
Total Liabilities $1,503,152
Net Assets $1,592,587
Club or Co-Op Income
Income From Members $1,524,651
Income From Other Sources $29,640
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Cornell (Manager) $91,656 $0 $6,976
Orion Mann (President) $0 $0 $0
Mack Gunnlaugsson (Vice President) $0 $0 $0
Lee Engstrom (Secretary/Treasurer) $0 $0 $0
Robert Bjarnarson (Board Member) $0 $0 $0
James Jorgenson (Board Member) $0 $0 $0
Hoyt Purinton (Board Member) $0 $0 $0
Richard Clancy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,431,249
Expenses
$1,545,527
Net Income
-$114,278
Net Assets
$1,709,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,465,605
> 100%
Investment Income $5,017
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$39,373
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,746
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $173,111
11.2%
Assets/Debt
Total Assets $3,150,703
Total Liabilities $1,441,448
Net Assets $1,709,255
Club or Co-Op Income
Income From Members $1,465,605
Income From Other Sources $5,017

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,499,199
Expenses
$1,470,520
Net Income
$28,679
Net Assets
$1,826,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,495,400
99.7%
Investment Income $3,799
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $80,566
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $127,608
8.7%
Assets/Debt
Total Assets $3,306,321
Total Liabilities $1,479,859
Net Assets $1,826,462
Club or Co-Op Income
Income From Members $1,495,251
Income From Other Sources $3,799

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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 »

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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.
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  • 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.

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