Form 990 for tax year 2023

2a · Program service revenue: SALE OF POWER

total $16,392,258 · related or exempt $16,392,258

3 · Investment income

total $54,537 · excluded $54,537

6a · Gross rents

real property $14,224

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $14,224

6d · Net rental income or loss

total $14,224 · excluded $14,224

7a · Gross sales of assets other than inventory

other assets $118,899

7b · Less cost or other basis and sales expenses

other assets $110,476

7c · Gain or loss

other assets $8,423

7d · Net gain or loss

total $8,423 · excluded $8,423

10a · Gross sales of inventory

$43,925

10b · Cost of goods sold

$38,070

10c · Net income from sales of inventory

total $5,855 · unrelated business $5,855

11a · Other revenue: CAPTIAL CREDITS

total $488,003 · related or exempt $488,003

11b · Other revenue: POWERNET GLOBAL AND VIASAT

total $30,825 · unrelated business $30,825

11c · Other revenue: MISC NONOPERATING INCOME

total $1,072 · related or exempt $1,072

11e · Other revenue, total

$519,900

4 · Benefits paid to or for members

total $1,466,304

5 · Compensation of officers, directors and key employees

total $362,258

20 · Interest

total $927,469

22 · Depreciation, depletion and amortization

total $1,502,912

24a · Other expenses: COST OF POWER

total $7,970,586

24b · Other expenses: MAINTENANCE EXPENSE

total $1,478,129

24c · Other expenses: ADMINISTRATIVE & GENERA

total $1,190,743

24d · Other expenses: OPERATIONS EXPENSE

total $1,081,358

24e · All other expenses

total $838,472

1 · Cash, non-interest-bearing

beginning of year $52,088 · end of year $68,046

2 · Savings and temporary cash investments

beginning of year $9,758 · end of year $57,934

4 · Accounts receivable

beginning of year $1,896,064 · end of year $1,825,252

8 · Inventories for sale or use

beginning of year $770,123 · end of year $1,249,944

9 · Prepaid expenses and deferred charges

beginning of year $145,326 · end of year $197,445

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

$59,027,272

10b · Land, buildings and equipment: accumulated depreciation

$17,053,301

10c · Land, buildings and equipment, net

beginning of year $40,804,144 · end of year $41,973,971

13 · Investments: program-related

beginning of year $7,122,745 · end of year $7,457,295

17 · Accounts payable and accrued expenses

beginning of year $2,557,996 · end of year $2,151,610

23 · Secured mortgages and notes payable

beginning of year $29,018,233 · end of year $29,110,396

25 · Other liabilities

beginning of year $1,137,513 · end of year $2,039,098

29 · Capital stock, trust principal or current funds

beginning of year $47,095 · end of year $45,360

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

beginning of year $937,665 · end of year $980,885

31 · Retained earnings, endowment or other funds

beginning of year $17,101,746 · end of year $18,502,538