Totals
- Total revenue
- $51,938,913
- Total expenses
- $46,808,025
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $50,979,657
- Investment income
- $959,256
- Other revenue
- $0
- Total assets, end of year
- $163,148,450
- Total liabilities, end of year
- $95,249,322
- Net assets or fund balances, end of year
- $67,899,128
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $46,808,025
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Revenue from energy sales
total $50,350,806 · related or exempt $50,350,806 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Rent from electric property
total $148,826 · related or exempt $148,826 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Other income
total $480,025 · related or exempt $480,025 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $939,588 · related or exempt $0 · unrelated business $0 · excluded $939,588
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $19,668
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $19,668
-
7d · Net gain or loss
total $19,668 · related or exempt $19,668 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $1,311,846
-
5 · Compensation of officers, directors and key employees
total $1,018,878
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,720,450
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,587,262
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $5,185,054
-
23 · Insurance
total $0
-
24a · Other expenses: Purchased Power
total $16,822,563
-
24b · Other expenses: Transmission and distribution
total $9,785,404
-
24c · Other expenses: Consumer accounts, sales and service
total $1,315,689
-
24d · Other expenses: Administrative and general
total $2,472,216
-
24e · All other expenses
total $1,588,663
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $573,346 · end of year $1,066,761
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $14,028,699 · end of year $15,653,790
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $2,538,867 · end of year $3,390,463
-
9 · Prepaid expenses and deferred charges
beginning of year $1,187,550 · end of year $1,128,204
-
10a · Land, buildings and equipment: cost or other basis
$209,156,031
-
10b · Land, buildings and equipment: accumulated depreciation
$87,364,977
-
10c · Land, buildings and equipment, net
beginning of year $116,742,480 · end of year $121,791,054
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $17,345,095 · end of year $18,366,995
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $1,934,681 · end of year $1,751,183
-
17 · Accounts payable and accrued expenses
beginning of year $2,579,385 · end of year $3,224,567
-
18 · Grants payable
beginning of year $0
-
19 · Deferred revenue
beginning of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0
-
21 · Escrow or custodial account liability
beginning of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0
-
23 · Secured mortgages and notes payable
beginning of year $84,485,707 · end of year $86,825,365
-
24 · Unsecured notes and loans payable
beginning of year $0
-
25 · Other liabilities
beginning of year $5,100,094 · end of year $5,199,390
-
29 · Capital stock, trust principal or current funds
beginning of year $18,714 · end of year $18,918
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $15,307,129 · end of year $16,053,561
-
31 · Retained earnings, endowment or other funds
beginning of year $46,859,689 · end of year $51,826,649
Mission and programs · 2023
Mission
Provide electric service to our members-consumers.
Activities or mission (Part I)
Provides electric service to the organization's member-consumers.
-
Purchase, transmit and sell electric energy, and for this purpose, operate and maintain transmission and distribution lines.
Expenses $46,808,025
As filed on the 2023 return.
Listed in Part VII
-
James Ramseyer
President/CEO
- Total calculated
- $464,027
- From this org
- $248,755
- From related orgs
- $0
- Other
- $215,272
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $246,763
- Bonus
- $0
- Other
- $1,992
- Deferred
- $202,288
- Nontaxable benefits
- $10,991
- Filer's total
- $462,034
-
Billy H Terry
Chief Operating Officer
- Total calculated
- $366,219
- From this org
- $251,569
- From related orgs
- $0
- Other
- $114,650
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,899
- Bonus
- $0
- Other
- $670
- Deferred
- $89,922
- Nontaxable benefits
- $24,059
- Filer's total
- $365,550
-
Roman E Gillen
President/CEO
- Total calculated
- $324,406
- From this org
- $237,474
- From related orgs
- $0
- Other
- $86,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,818
- Bonus
- $0
- Other
- $2,656
- Deferred
- $70,003
- Nontaxable benefits
- $14,273
- Filer's total
- $321,750
-
Scott A Muller
Treasurer/CFO
- Total calculated
- $320,991
- From this org
- $208,605
- From related orgs
- $0
- Other
- $112,386
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,833
- Bonus
- $0
- Other
- $2,772
- Deferred
- $98,623
- Nontaxable benefits
- $10,991
- Filer's total
- $318,219
-
Denise Downs
Chief Administrative Officer
- Total calculated
- $277,467
- From this org
- $199,090
- From related orgs
- $0
- Other
- $78,377
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,476
- Bonus
- $0
- Other
- $2,614
- Deferred
- $64,773
- Nontaxable benefits
- $10,991
- Filer's total
- $274,854
-
Shawn Foultner
Meter/Relay Technician
- Total calculated
- $259,891
- From this org
- $207,353
- From related orgs
- $0
- Other
- $52,538
- Hours/week
- 56
Schedule J breakdown matched by us
- Base
- $206,048
- Bonus
- $0
- Other
- $1,305
- Deferred
- $34,896
- Nontaxable benefits
- $17,417
- Filer's total
- $259,666
-
Aric T Williamson
Foreman
- Total calculated
- $256,359
- From this org
- $205,865
- From related orgs
- $0
- Other
- $50,494
- Hours/week
- 49
Schedule J breakdown matched by us
- Base
- $204,533
- Bonus
- $0
- Other
- $1,332
- Deferred
- $31,281
- Nontaxable benefits
- $19,001
- Filer's total
- $256,147
-
Cody M Collier
Journeyman Lineman
- Total calculated
- $249,665
- From this org
- $213,158
- From related orgs
- $0
- Other
- $36,507
- Hours/week
- 53
Schedule J breakdown matched by us
- Base
- $210,909
- Bonus
- $0
- Other
- $2,249
- Deferred
- $17,318
- Nontaxable benefits
- $19,001
- Filer's total
- $249,477
-
L Russ Sapp
Chairman
- Total calculated
- $17,475
- From this org
- $11,675
- From related orgs
- $5,800
- Other
- $0
- Hours/week
- 5
-
Bill Rauch
Director
- Total calculated
- $13,650
- From this org
- $7,850
- From related orgs
- $5,800
- Other
- $0
- Hours/week
- 5
-
Eric Horning
Vice President
- Total calculated
- $13,200
- From this org
- $7,400
- From related orgs
- $5,800
- Other
- $0
- Hours/week
- 5
-
Shane Russell
Director
- Total calculated
- $12,775
- From this org
- $11,675
- From related orgs
- $1,100
- Other
- $0
- Hours/week
- 5
-
Terrill Plagmann
Secretary
- Total calculated
- $12,300
- From this org
- $6,500
- From related orgs
- $5,800
- Other
- $0
- Hours/week
- 5
-
Gerald P Etzel
Director
- Total calculated
- $10,775
- From this org
- $10,775
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Kevin Christopher
Assistant Secretary
- Total calculated
- $7,625
- From this org
- $7,625
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Sara Brian
Director
- Total calculated
- $4,925
- From this org
- $4,925
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Joyce Maitland
Director
- Total calculated
- $4,050
- From this org
- $4,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
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
None.
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.
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.
-
Consumers Power Charitable Trust
501(c)(3) · Charitable · OR · controlled entity
Directly controlled by Consumers Power Inc
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.
-
Casco Communication Inc
C · Internet · OR · 100% owned · share of income $3,599,648 · share of assets $19,507,482 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423189349302667
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