2023-10-09T18:29:57-05:00 2022-12-31 390859910 BAKER TILLY US LLP 790 N WATER STREET SUITE 2000 MILWAUKEE WI 53202 990 2022-01-01 390688605 WASHINGTON ISLAND ELECTRIC COOPERATIVE WASH 9208472541 1157 MAIN ROAD WASHINGTON IS WI 542469706 ORION MANN PRESIDENT 9208472541 2023-10-06 1 ORION MANN XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2023-10-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ORION MANN 1157 MAIN ROAD WASHINGTON IS WI 542469706 2133742 0 X HTTPS://WWW.WIECOOP.COM/ X 1939 WI THE MISSION OF WASHINGTON ISLAND ELECTRIC COOPERATIVE INC. IS TO PROVIDE RELIABLE ELECTRIC SERVICES TO ITS MEMBERS AT A COMPETITIVE MARKET PRICE. 7 7 4 7 0 0 0 0 1860495 2082896 17764 30364 2952 20482 1881211 2133742 0 0 0 0 378420 429220 0 0 0 1493400 1662467 1871820 2091687 9391 42055 5340204 7029232 2904923 4560032 2435281 2469200 THE MISSION OF WASHINGTON ISLAND ELECTRIC COOPERATIVE INC. IS TO PROVIDE RELIABLE ELECTRIC SERVICES TO ITS MEMBERS AT A COMPETITIVE MARKET PRICE. 0 0 PROVIDE RELIABLE ELECTRIC SERVICES TO ITS MEMBERS AT A COMPETITIVE MARKET PRICE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 4 1 0 0 0 0 0 2082776 50846 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 WI X ROBERT CORNELL 9208472541 1157 MAIN ROAD WASHINGTON ISLAND WI 54246 ORION MANN PRESIDENT 0.30 X X 0 0 0 MACK GUNNLAUGSSON VICE PRESIDENT 0.30 X X 0 0 0 LEE ENGSTROM SECRETARY/TREASURER 0.30 X X 0 0 0 ROBERT BJARNARSON BOARD MEMBER 0.30 X 0 0 0 JAMES JORGENSON BOARD MEMBER 0.30 X 0 0 0 HOYT PURINTON BOARD MEMBER 0.30 X 0 0 0 JOEL GUNNLAUGSSON BOARD MEMBER 0.30 X 0 0 0 ROBERT CORNELL MANAGER 40.00 X 116890 0 0 116890 0 0 1 0 0 0 0 SALE OF ELECTRICITY 221000 2082776 2082776 MEMBERSHIP DUES 221000 120 120 2082896 30364 30364 MISCELLANEOUS INCOME 900099 20482 20482 20482 2133742 2082896 0 50846 124190 209909 57619 37502 45037 17419 149270 219267 22651 PURCHASED POWER 927610 EQUIPMENT MAINTENANCE 177096 OVERHEAD LINE EXPENSE 39803 METER EXPENSE 29082 35232 2091687 248061 125014 316948 317887 119265 143433 269255 277135 42620 37242 11502801 5604534 4123039 5898267 88727 93786 132289 136468 5340204 7029232 361716 283603 2532543 4233943 10664 42486 2904923 4560032 X 120 120 12596 12831 2422565 2456249 2435281 2469200 5340204 7029232 X 42055 -8136 X X 0 1 X 1 0 71054 71054 6117655 5275327 842328 2438832 329207 2109625 2875260 2875260 5898267 ACCRUED INTEREST 42486 42486 X 2133622 0 2133622 120 120 2133742 2091687 0 2091687 0 2091687 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, PROVIDED 85 PERCENT OR MORE OF ITS INCOME CONSISTS OF AMOUNTS COLLECTED FROM MEMBERS FOR THE PURPOSE OF MEETING LOSSES AND EXPENSES. DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE 85 PERCENT REQUIREMENT WAS MET. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP FEES - DIRECT ADJUSTMENT TO CAPITAL 120. FORM 990, PART VI, SECTION A, LINE 6 WHEN ELECTRIC SERVICE IS STARTED THE PERSON/ BUSINESS BECOMES A MEMBER OF THE CO-OP FOR THE DURATION OF THE SERVICE PERIOD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE INVOLVED IN THE ELECTION OF ALL BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF DIRECTORS DOES NOT HAVE COMMITTEES. ALL DECISIONS ARE MADE BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B ROBERT CORNELL, MANAGER, WILL REVIEW THE FORM 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION REPORTS FROM NRECA ARE USED TO DETERMINE COMPENSATION INFORMATION FOR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE WILL MAKE THE FORM 990 AVAILABLE TO ITS MEMBERS AND THE PUBLIC ON REQUEST. A REQUEST WOULD NEED TO BE MADE TO THE COOPERATIVE OFFICE WHICH IS OPEN DURING NORMAL BUSINESS HOURS. THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT ALSO PRESENTS RESULTS FROM OPERATIONS AT THE ANNUAL MEMBER MEETING. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIREMENT -8,251. ADJUSTMENTS 115. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.