Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Wholesale Electric Energy

  total $87,327,362 · related or exempt $87,327,362

• 2b · Program service revenue: Other Electric Revenue

  total $6,338,685 · related or exempt $6,338,685

• 2c · Program service revenue: Capital Credits

  total $5,793,476 · related or exempt $5,793,476

• 3 · Investment income

  total $299,818 · related or exempt $299,818

• 6a · Gross rents

  personal property $86,299

• 6b · Less rental expenses

  personal property $81,788

• 6c · Rental income or loss

  personal property $4,511

• 6d · Net rental income or loss

  total $4,511 · related or exempt $4,511

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $2,747,148

• 5 · Compensation of officers, directors and key employees

  total $1,134,045

• 20 · Interest

  total $3,015,561

• 22 · Depreciation, depletion and amortization

  total $3,886,575

• 24a · Other expenses: Income Taxes - 990T

  total $711

• 24b · Other expenses: Purchased Power

  total $70,737,419

• 24c · Other expenses: Transmission Maintenanc

  total $6,739,809

• 24d · Other expenses: Administrative & Genera

  total $3,321,238

• 24e · All other expenses

  total $5,233,736

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,082,824 · end of year $1,555,111

• 4 · Accounts receivable

  beginning of year $8,030,944 · end of year $12,041,716

• 8 · Inventories for sale or use

  beginning of year $9,398,555 · end of year $12,034,042

• 9 · Prepaid expenses and deferred charges

  beginning of year $386,069 · end of year $349,982

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

  $176,495,545

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

  $64,913,436

• 10c · Land, buildings and equipment, net

  beginning of year $101,653,599 · end of year $111,582,109

• 13 · Investments: program-related

  beginning of year $54,627,811 · end of year $60,291,855

• 15 · Other assets

  beginning of year $2,961,485 · end of year $1,425,416

• 17 · Accounts payable and accrued expenses

  beginning of year $9,702,416 · end of year $12,340,678

• 19 · Deferred revenue

  beginning of year $2,026,306 · end of year $622,983

• 23 · Secured mortgages and notes payable

  beginning of year $83,528,052 · end of year $82,608,428

• 24 · Unsecured notes and loans payable

  beginning of year $11,994,304 · end of year $26,115,433

• 25 · Other liabilities

  beginning of year $2,330,216 · end of year $2,684,752

• 29 · Capital stock, trust principal or current funds

  beginning of year $900 · end of year $900

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $70,559,093 · end of year $74,907,057

The filer's explanations (Part III)

Part I, Line 1a

The organization is located in a rural area where commercial air travel is not readily available. Written policy allows the use of chartered travel in cases where the use of commercial flights are not possible.

Part I, Line 4b

Douglas Aeilts - NRECA Deferred Comp Plan - $38,055

Schedule J Line 4b

Compensation for the CEO and General Manager includes $38,055 which represents payment of a non-qualified deferred compensation plan.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Northeast Technologies LLC

  Construction and leasing of dark fiber strands · MO

  Directly controlled by Northeast Missouri Electric Power Cooperative