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Nonprofiteer
← PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$34,421,157
Total expenses
$28,980,620
Contributions and grants received
$0
Grants paid
$1,950
Program service revenue
$32,953,401
Investment income
$1,250,396
Other revenue
$217,360
Total assets, end of year
$106,805,496
Total liabilities, end of year
$65,191,276
Net assets or fund balances, end of year
$41,614,220
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESIDENTIAL

    total $16,383,595 · related or exempt $16,383,595

  • 2b · Program service revenue: PUBLIC AUTHORITIES

    total $11,559,450 · related or exempt $11,559,450

  • 2c · Program service revenue: COMMERCIAL LIGHTING

    total $4,964,194 · related or exempt $4,964,194

  • 2d · Program service revenue: IRRIGATION

    total $1,794,605 · related or exempt $1,794,605

  • 2e · Program service revenue: MISCELLANEOUS SERVICE

    total -$1,748,443 · related or exempt -$1,748,443

  • 3 · Investment income

    total $1,250,396 · unrelated business $816,439 · excluded $433,957

  • 6a · Gross rents

    real property $189,576 · personal property $72,748

  • 6b · Less rental expenses

    real property $53,033 · personal property $0

  • 6c · Rental income or loss

    real property $136,543 · personal property $72,748

  • 6d · Net rental income or loss

    total $209,291 · excluded $209,291

  • 11a · Other revenue: REIMBURSEMENTS

    total $8,069 · related or exempt $8,069

  • 11e · Other revenue, total

    $8,069

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,950

  • 4 · Benefits paid to or for members

    total $13,231

  • 5 · Compensation of officers, directors and key employees

    total $1,118,929

  • 20 · Interest

    total $2,046,954

  • 22 · Depreciation, depletion and amortization

    total $3,139,829

  • 24a · Other expenses: COST OF POWER

    total $12,294,805

  • 24b · Other expenses: DISTRIBUTION AND TRANSM

    total $6,668,642

  • 24c · Other expenses: CUSTOMER, ADMINISTRATIO

    total $3,019,314

  • 24d · Other expenses: TAXES

    total $676,966

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,542,292 · end of year $1,227,681

  • 2 · Savings and temporary cash investments

    beginning of year $3,096,958 · end of year $3,453,009

  • 4 · Accounts receivable

    beginning of year $2,652,953 · end of year $3,806,562

  • 9 · Prepaid expenses and deferred charges

    beginning of year $196,586 · end of year $145,687

  • 10a · Land, buildings and equipment: cost or other basis

    $130,935,137

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,031,760

  • 10c · Land, buildings and equipment, net

    beginning of year $69,785,511 · end of year $71,903,377

  • 12 · Investments: other securities

    beginning of year $8,114,248 · end of year $8,244,393

  • 15 · Other assets

    beginning of year $17,968,682 · end of year $18,024,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,447,488 · end of year $6,798,316

  • 19 · Deferred revenue

    beginning of year $314,142 · end of year $3,876,767

  • 23 · Secured mortgages and notes payable

    beginning of year $55,315,936 · end of year $49,889,227

  • 25 · Other liabilities

    beginning of year $4,422,089 · end of year $4,626,966

  • 29 · Capital stock, trust principal or current funds

    beginning of year $33,510 · end of year $33,555

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $35,824,065 · end of year $41,580,665

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS.

Activities or mission (Part I)

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS

  • THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2023 THERE WERE 8,183 CUSTOMERS BILLED FOR SERVICE.

As filed on the 2023 return.

Listed in Part VII

  • Tom Hammond

    DIRECTOR

    Total calculated
    $10,992
    From this org
    $10,992
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dave Roberti

    VICE PRESIDENT

    Total calculated
    $9,634
    From this org
    $9,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • David Hansen

    SECRETARY/TREASURER

    Total calculated
    $18,153
    From this org
    $18,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Nancy Miller

    DIRECTOR

    Total calculated
    $11,037
    From this org
    $11,037
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Fred Nelson

    PRESIDENT

    Total calculated
    $15,328
    From this org
    $15,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Richard Short

    DIRECTOR

    Total calculated
    $10,902
    From this org
    $10,902
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Lawrence Price

    DIRECTOR

    Total calculated
    $11,247
    From this org
    $11,247
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert W Marshall

    CEO / GENERAL MANAGER

    Total calculated
    $645,750
    From this org
    $442,893
    From related orgs
    $0
    Other
    $202,857
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $392,456
    Bonus
    $3,816
    Other
    $46,621
    Deferred
    $163,931
    Nontaxable benefits
    $38,926
    Filer's total
    $645,750

  • William Newberg

    CFO

    Total calculated
    $385,889
    From this org
    $247,544
    From related orgs
    $0
    Other
    $138,345
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $234,682
    Bonus
    $12,862
    Other
    $0
    Deferred
    $102,893
    Nontaxable benefits
    $35,452
    Filer's total
    $385,889

  • Jason Harston

    MANAGER OF ENGINEERING & O

    Total calculated
    $389,257
    From this org
    $253,732
    From related orgs
    $0
    Other
    $135,525
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $229,130
    Bonus
    $13,170
    Other
    $11,432
    Deferred
    $100,157
    Nontaxable benefits
    $35,368
    Filer's total
    $389,257

  • Aaron Whitfield

    TELECOM COO

    Total calculated
    $345,032
    From this org
    $219,405
    From related orgs
    $0
    Other
    $125,627
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $205,809
    Bonus
    $3,816
    Other
    $9,780
    Deferred
    $90,511
    Nontaxable benefits
    $35,116
    Filer's total
    $345,032

  • Scott Welch

    NORTH END DISTRICT MGR.

    Total calculated
    $304,303
    From this org
    $190,439
    From related orgs
    $0
    Other
    $113,864
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $180,422
    Bonus
    $1,431
    Other
    $8,586
    Deferred
    $78,210
    Nontaxable benefits
    $35,654
    Filer's total
    $304,303

  • Bryan Sherman

    COGEN PLANT OPERATOR

    Total calculated
    $278,947
    From this org
    $191,453
    From related orgs
    $0
    Other
    $87,494
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,383
    Bonus
    $477
    Other
    $593
    Deferred
    $53,264
    Nontaxable benefits
    $34,230
    Filer's total
    $278,947

  • Mitchell Carr

    LINEWORKING FOREMAN

    Total calculated
    $273,475
    From this org
    $186,742
    From related orgs
    $0
    Other
    $86,733
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $179,220
    Bonus
    $1,020
    Other
    $6,502
    Deferred
    $52,293
    Nontaxable benefits
    $34,440
    Filer's total
    $273,475

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PLUMAS-SIERRA TELECOMMUNICATIONS

    C · INTERNET ACCESS · CA · 100% owned · share of income $11,331,777 · share of assets $45,441,203

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202433129349301898

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