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Nonprofiteer
← ACCESS ENERGY COOPERATIVE

Form 990 for tax year 2022

Filed by ACCESS ENERGY COOPERATIVE.

Totals

Total revenue
$37,852,074
Total expenses
$37,087,505
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,777,546
Investment income
$87,257
Other revenue
-$12,729
Total assets, end of year
$104,520,997
Total liabilities, end of year
$47,765,679
Net assets or fund balances, end of year
$56,755,318
Program services expenses (Part IX)
$37,087,505
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$37,087,505

Program services were 100.0% 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: SALES OF ENERGY

    total $36,714,503 · related or exempt $36,714,503

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $668,935 · excluded $668,935

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $214,208 · excluded $214,208

  • 2d · Program service revenue: OTHER ELECTRIC REVENUES

    total $179,900 · related or exempt $179,900

  • 3 · Investment income

    total -$66,136 · excluded -$66,136

  • 7a · Gross sales of assets other than inventory

    other assets $297,075

  • 7b · Less cost or other basis and sales expenses

    other assets $143,682

  • 7c · Gain or loss

    other assets $153,393

  • 7d · Net gain or loss

    total $153,393 · related or exempt $153,393

  • 11a · Other revenue: SUBSIDIARY EARNINGS

    total -$148 · related or exempt -$148

  • 11b · Other revenue: MISC NONOP INCOME

    total -$12,581 · unrelated business -$12,581

  • 11e · Other revenue, total

    -$12,729

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,463,861 · program services $1,463,861

  • 5 · Compensation of officers, directors and key employees

    total $420,287 · program services $420,287

  • 7 · Other salaries and wages

    total $1,045,718 · program services $1,045,718

  • 20 · Interest

    total $1,484,068 · program services $1,484,068

  • 22 · Depreciation, depletion and amortization

    total $2,265,793 · program services $2,265,793

  • 24a · Other expenses: PURCHASED POWER

    total $23,946,113 · program services $23,946,113

  • 24b · Other expenses: OPERATIONS

    total $3,144,948 · program services $3,144,948

  • 24c · Other expenses: MAINTENANCE

    total $1,774,697 · program services $1,774,697

  • 24d · Other expenses: ADMINSTRATIVE EXPENSES

    total $867,364 · program services $867,364

  • 24e · All other expenses

    total $674,656 · program services $674,656

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,076,506 · end of year $615,242

  • 2 · Savings and temporary cash investments

    beginning of year $6,931,339 · end of year $8,035,105

  • 4 · Accounts receivable

    beginning of year $3,987,749 · end of year $4,104,586

  • 7 · Other notes and loans receivable

    beginning of year $1,783,557 · end of year $2,467,972

  • 8 · Inventories for sale or use

    beginning of year $979,240 · end of year $1,759,224

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,062 · end of year $85,952

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

    $87,950,286

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

    $20,827,160

  • 10c · Land, buildings and equipment, net

    beginning of year $65,627,178 · end of year $67,123,126

  • 12 · Investments: other securities

    beginning of year $19,523,151 · end of year $19,718,271

  • 14 · Intangible assets

    beginning of year $10,861 · end of year $10,861

  • 15 · Other assets

    beginning of year $656,533 · end of year $600,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,432,712 · end of year $3,575,410

  • 24 · Unsecured notes and loans payable

    beginning of year $39,698,751 · end of year $41,654,146

  • 25 · Other liabilities

    beginning of year $2,635,580 · end of year $2,536,123

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $6,027 · end of year $6,027

  • 31 · Retained earnings, endowment or other funds

    beginning of year $55,895,106 · end of year $56,749,291

Mission and programs · 2022

Mission

ACCESS ENERGY COOPERATIVE IS DEDICATED TO EXCEEDING MEMBERS' EXPECTATIONS FOR SAFE, RELIABLE, EFFICIENT SERVICE WHILE BEING A GOOD CITIZEN IN OUR COMMUNITIES.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

    Expenses $37,087,505 · Revenue $36,894,403

As filed on the 2022 return.

Listed in Part VII

  • Jerry Barker

    DIRECTOR

    Total calculated
    $11,261
    From this org
    $11,250
    From related orgs
    $0
    Other
    $11
    Hours/week
    7.7

  • Robert Chestnut III

    SECRETARY

    Total calculated
    $10,516
    From this org
    $10,500
    From related orgs
    $0
    Other
    $16
    Hours/week
    6.1

  • Fred Hickenbottom

    DIRECTOR

    Total calculated
    $11,011
    From this org
    $11,000
    From related orgs
    $0
    Other
    $11
    Hours/week
    6

  • Dave Hollingsworth

    TREASURER

    Total calculated
    $8,016
    From this org
    $8,000
    From related orgs
    $0
    Other
    $16
    Hours/week
    7.6

  • Mike Holtkamp

    DIRECTOR

    Total calculated
    $10,516
    From this org
    $10,500
    From related orgs
    $0
    Other
    $16
    Hours/week
    6.4

  • Marvin Larson

    VICE PRESIDENT

    Total calculated
    $10,516
    From this org
    $10,500
    From related orgs
    $0
    Other
    $16
    Hours/week
    5.6

  • Marvin Newton

    PRESIDENT

    Total calculated
    $13,011
    From this org
    $13,000
    From related orgs
    $0
    Other
    $11
    Hours/week
    11.3

  • Robert Smith

    DIRECTOR

    Total calculated
    $4,516
    From this org
    $4,500
    From related orgs
    $0
    Other
    $16
    Hours/week
    1.3

  • Larry White

    DIRECTOR

    Total calculated
    $10,507
    From this org
    $10,500
    From related orgs
    $0
    Other
    $7
    Hours/week
    6.2

  • Kevin Wheeler

    CEO

    Total calculated
    $332,560
    From this org
    $186,886
    From related orgs
    $0
    Other
    $145,674
    Hours/week
    44.42

    Schedule J breakdown matched by us

    Base
    $186,886
    Bonus
    $0
    Other
    $0
    Deferred
    $115,278
    Nontaxable benefits
    $30,396
    Filer's total
    $332,560

  • Tammy Snavely

    CFO

    Total calculated
    $267,192
    From this org
    $143,532
    From related orgs
    $0
    Other
    $123,660
    Hours/week
    46.91

    Schedule J breakdown matched by us

    Base
    $143,532
    Bonus
    $0
    Other
    $0
    Deferred
    $103,660
    Nontaxable benefits
    $20,000
    Filer's total
    $267,192

  • Tyler Thein

    DIRECTOR OF ENGINEERING

    Total calculated
    $184,480
    From this org
    $133,346
    From related orgs
    $0
    Other
    $51,134
    Hours/week
    42.43

    Schedule J breakdown matched by us

    Base
    $133,346
    Bonus
    $0
    Other
    $0
    Deferred
    $26,115
    Nontaxable benefits
    $25,019
    Filer's total
    $184,480

  • Daniel Phillips

    DIRECTOR OF OPERATIONS

    Total calculated
    $249,511
    From this org
    $117,729
    From related orgs
    $0
    Other
    $131,782
    Hours/week
    43.38

    Schedule J breakdown matched by us

    Base
    $117,729
    Bonus
    $0
    Other
    $0
    Deferred
    $112,889
    Nontaxable benefits
    $18,893
    Filer's total
    $249,511

  • Anthony Brown

    DISTRICT FOREMAN

    Total calculated
    $192,070
    From this org
    $117,855
    From related orgs
    $0
    Other
    $74,215
    Hours/week
    43.65

    Schedule J breakdown matched by us

    Base
    $117,855
    Bonus
    $0
    Other
    $0
    Deferred
    $52,540
    Nontaxable benefits
    $21,675
    Filer's total
    $192,070

  • Levon Mullen

    SERVICEMAN

    Total calculated
    $158,996
    From this org
    $112,684
    From related orgs
    $0
    Other
    $46,312
    Hours/week
    45.78

    Schedule J breakdown matched by us

    Base
    $112,684
    Bonus
    $0
    Other
    $0
    Deferred
    $23,365
    Nontaxable benefits
    $22,947
    Filer's total
    $158,996

  • Richard Clark

    LINE FOREMAN

    Total calculated
    $150,486
    From this org
    $110,778
    From related orgs
    $0
    Other
    $39,708
    Hours/week
    45.16

    Schedule J breakdown matched by us

    Base
    $110,778
    Bonus
    $0
    Other
    $0
    Deferred
    $16,855
    Nontaxable benefits
    $22,853
    Filer's total
    $150,486

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202322009349301507

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