Skip to content
Nonprofiteer
← A & N ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by A & N ELECTRIC COOPERATIVE.

Totals

Total revenue
$87,638,423
Total expenses
$86,885,381
Contributions and grants received
$0
Grants paid
$26,282
Program service revenue
$85,649,575
Investment income
$865,517
Other revenue
$1,123,331
Total assets, end of year
$224,238,544
Total liabilities, end of year
$142,699,644
Net assets or fund balances, end of year
$81,538,900
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: SALE AND DIST. OF ELECTRICITY

    total $84,457,101 · related or exempt $84,457,101

  • 2b · Program service revenue: CIAC

    total $755,131 · related or exempt $755,131

  • 2c · Program service revenue: MAINTENANCE AGREEMENT

    total $388,715 · related or exempt $388,715

  • 2d · Program service revenue: CASH PATRONAGE RECEIVED

    total $48,628 · related or exempt $48,628

  • 3 · Investment income

    total $865,517 · excluded $865,517

  • 6a · Gross rents

    real property $30,937 · personal property $1,145,626

  • 6b · Less rental expenses

    real property $25,141

  • 6c · Rental income or loss

    real property $5,796 · personal property $1,145,626

  • 6d · Net rental income or loss

    total $1,151,422 · unrelated business $5,796 · excluded $1,145,626

  • 11a · Other revenue: EQUITY EARNINGS (LOSS) SUBSID

    total -$28,091 · related or exempt -$28,091

  • 11e · Other revenue, total

    -$28,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,282

  • 4 · Benefits paid to or for members

    total $1,693,005

  • 5 · Compensation of officers, directors and key employees

    total $1,496,835

  • 7 · Other salaries and wages

    total $6,666,949

  • 8 · Pension plan contributions

    total $879,502

  • 9 · Other employee benefits

    total $160,999

  • 10 · Payroll taxes

    total $609,204

  • 11b · Fees: legal

    total $66,423

  • 17 · Travel

    total $1,224,973

  • 19 · Conferences, conventions and meetings

    total $32,676

  • 20 · Interest

    total $3,595,473

  • 22 · Depreciation, depletion and amortization

    total $7,023,189

  • 24a · Other expenses: COST OF POWER

    total $59,096,673

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,608,595

  • 24c · Other expenses: DISTRIBUTION OPERATION

    total $1,809,052

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,047,236

  • 24e · All other expenses

    total -$3,151,685

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,804 · end of year $2,361

  • 2 · Savings and temporary cash investments

    beginning of year $7,884,784 · end of year $11,585,490

  • 4 · Accounts receivable

    beginning of year $13,694,906 · end of year $11,820,149

  • 8 · Inventories for sale or use

    beginning of year $3,297,338 · end of year $3,883,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $439,986 · end of year $727,014

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

    $238,792,098

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

    $71,823,776

  • 10c · Land, buildings and equipment, net

    beginning of year $161,723,236 · end of year $166,968,322

  • 13 · Investments: program-related

    beginning of year $24,198,361 · end of year $25,034,774

  • 15 · Other assets

    beginning of year $3,750,229 · end of year $4,217,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,434,805 · end of year $6,872,048

  • 23 · Secured mortgages and notes payable

    beginning of year $116,668,172 · end of year $128,652,541

  • 25 · Other liabilities

    beginning of year $7,725,042 · end of year $7,175,055

  • 31 · Retained earnings, endowment or other funds

    beginning of year $81,232,625 · end of year $81,538,900

Mission and programs · 2023

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE.

  • SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF A & N ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 59,096,673 DEPRECIATION 7,023,189 SALARIES AND WAGES 6,666,949

As filed on the 2023 return.

Listed in Part VII

  • Belvin Williamson Jr

    PRESIDENT &

    Total calculated
    $606,795
    From this org
    $368,701
    From related orgs
    $0
    Other
    $238,094
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $282,726
    Bonus
    not reported
    Other
    $85,975
    Deferred
    $216,487
    Nontaxable benefits
    $21,607
    Filer's total
    $606,795

  • Shawn Hildebrand

    COO

    Total calculated
    $271,878
    From this org
    $216,651
    From related orgs
    $0
    Other
    $55,227
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $168,693
    Bonus
    not reported
    Other
    $47,958
    Deferred
    $33,620
    Nontaxable benefits
    $21,607
    Filer's total
    $271,878

  • Roger Blizzard

    VP HR & EMPL

    Total calculated
    $241,401
    From this org
    $186,124
    From related orgs
    $0
    Other
    $55,277
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $136,018
    Bonus
    not reported
    Other
    $50,106
    Deferred
    $34,339
    Nontaxable benefits
    $20,938
    Filer's total
    $241,401

  • Joe Cataldo

    VP OPS & CON

    Total calculated
    $240,903
    From this org
    $187,090
    From related orgs
    $0
    Other
    $53,813
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $139,180
    Bonus
    not reported
    Other
    $47,910
    Deferred
    $31,910
    Nontaxable benefits
    $21,903
    Filer's total
    $240,903

  • Todd Bireley

    VP ENG & TEC

    Total calculated
    $230,258
    From this org
    $175,662
    From related orgs
    $0
    Other
    $54,596
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $117,264
    Bonus
    not reported
    Other
    $58,398
    Deferred
    $34,482
    Nontaxable benefits
    $20,114
    Filer's total
    $230,258

  • Dana Penney

    DIRECTOR, AC

    Total calculated
    $214,522
    From this org
    $158,483
    From related orgs
    $0
    Other
    $56,039
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $126,163
    Bonus
    not reported
    Other
    $32,320
    Deferred
    $43,296
    Nontaxable benefits
    $12,743
    Filer's total
    $214,522

  • Ronald Wharton

    SUBSTATION F

    Total calculated
    $197,644
    From this org
    $154,052
    From related orgs
    $0
    Other
    $43,592
    Hours/week
    56 + 1 related

    Schedule J breakdown matched by us

    Base
    $72,184
    Bonus
    not reported
    Other
    $81,868
    Deferred
    $22,131
    Nontaxable benefits
    $21,461
    Filer's total
    $197,644

  • Kenneth E Thornton

    SERVICEMAN

    Total calculated
    $191,385
    From this org
    $161,161
    From related orgs
    $0
    Other
    $30,224
    Hours/week
    60 + 1 related

    Schedule J breakdown matched by us

    Base
    $72,144
    Bonus
    not reported
    Other
    $89,017
    Deferred
    $15,059
    Nontaxable benefits
    $15,165
    Filer's total
    $191,385

  • James Parker

    CHIEF LINEMA

    Total calculated
    $179,129
    From this org
    $149,829
    From related orgs
    $0
    Other
    $29,300
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $70,751
    Bonus
    not reported
    Other
    $79,078
    Deferred
    $6,728
    Nontaxable benefits
    $22,572
    Filer's total
    $179,129

  • Addison W Nottingham Jr

    CHAIRMAN

    Total calculated
    $23,875
    From this org
    $23,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ralph W Dodd

    SEC/TREAS

    Total calculated
    $21,075
    From this org
    $21,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Penney P Holland

    DIRECTOR

    Total calculated
    $18,375
    From this org
    $18,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gregory L Duncan Sr

    DIRECTOR

    Total calculated
    $18,300
    From this org
    $18,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • W Edward Shockley III

    DIRECTOR

    Total calculated
    $16,876
    From this org
    $16,876
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Christopher D Bott

    VICE CHAIRMA

    Total calculated
    $14,075
    From this org
    $14,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • E Garrison Drummond

    DIRECTOR

    Total calculated
    $13,725
    From this org
    $13,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mark A Hickman

    DIRECTOR

    Total calculated
    $13,425
    From this org
    $13,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • S Keith Colonna

    DIRECTOR

    Total calculated
    $4,075
    From this org
    $4,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James N Belote III

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • A & N INNOVATIVE SOLUTIONS

    C CORP · EV CHARGER · VA · 100% owned · share of income -$28,091 · share of assets $40,047

    Directly controlled by A&N EC

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.0
Source object
202433209349323208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.