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← CLARK ENERGY COOPERATIVE INC

Form 990 for tax year 2024

Filed by CLARK ENERGY COOPERATIVE INC.

Totals

Total revenue
$58,868,817
Total expenses
$58,868,817
Contributions and grants received
$185,652
Grants paid
$18,000
Program service revenue
$57,026,299
Investment income
$131,946
Other revenue
$1,524,920
Total assets, end of year
$153,297,600
Total liabilities, end of year
$82,177,323
Net assets or fund balances, end of year
$71,120,277
Program services expenses (Part IX)
$58,868,817
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$58,868,817

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.

  • 1e · Government grants (contributions)

    $185,652

  • 2a · Program service revenue: ELECTRIC SERVICE REVENUE

    total $57,026,299 · related or exempt $57,026,299

  • 3 · Investment income

    total $66,346 · excluded $66,346

  • 7a · Gross sales of assets other than inventory

    other assets $65,600

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

    other assets $0

  • 7c · Gain or loss

    other assets $65,600

  • 7d · Net gain or loss

    total $65,600 · related or exempt $65,600

  • 11a · Other revenue: JOINT USE ATTACHMENTS

    total $775,555 · excluded $775,555

  • 11b · Other revenue: SUBSIDIARY INCOME

    total $290,776 · unrelated business $290,776

  • 11c · Other revenue: G&T CAPITAL CREDITS

    total $268,537 · related or exempt $268,537

  • 11d · All other revenue

    total $190,052 · related or exempt $190,052

  • 11e · Other revenue, total

    $1,524,920

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 4 · Benefits paid to or for members

    total -$97,818 · program services -$97,818

  • 5 · Compensation of officers, directors and key employees

    total $614,150 · program services $614,150

  • 6 · Compensation of disqualified persons

    total $4,588,400 · program services $4,588,400

  • 8 · Pension plan contributions

    total $879,424 · program services $879,424

  • 9 · Other employee benefits

    total $694,966 · program services $694,966

  • 10 · Payroll taxes

    total $386,379 · program services $386,379

  • 11b · Fees: legal

    total $26,044 · program services $26,044

  • 11c · Fees: accounting

    total $23,531 · program services $23,531

  • 13 · Office expenses

    total $228,249 · program services $228,249

  • 20 · Interest

    total $2,406,614 · program services $2,406,614

  • 22 · Depreciation, depletion and amortization

    total $6,305,895 · program services $6,305,895

  • 23 · Insurance

    total $224,795 · program services $224,795

  • 24a · Other expenses: UBIT

    total $115,900 · program services $115,900

  • 24b · Other expenses: COST OF POWER

    total $39,166,969 · program services $39,166,969

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $4,847,953 · program services $4,847,953

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $2,353,738 · program services $2,353,738

  • 24e · All other expenses

    total -$3,914,372 · program services -$3,914,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,939 · end of year $161,372

  • 4 · Accounts receivable

    beginning of year $2,636,077 · end of year $2,991,394

  • 8 · Inventories for sale or use

    beginning of year $1,470,855 · end of year $1,186,099

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,763 · end of year $80,844

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

    $165,674,093

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

    $56,633,826

  • 10c · Land, buildings and equipment, net

    beginning of year $104,322,863 · end of year $109,040,267

  • 13 · Investments: program-related

    beginning of year $37,954,880 · end of year $38,640,428

  • 15 · Other assets

    beginning of year $1,431,317 · end of year $1,197,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $988,976 · end of year $957,539

  • 23 · Secured mortgages and notes payable

    beginning of year $65,111,153 · end of year $70,777,660

  • 25 · Other liabilities

    beginning of year $12,453,758 · end of year $10,442,124

  • 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 -$1,673,355 · end of year $76,221

  • 31 · Retained earnings, endowment or other funds

    beginning of year $71,183,162 · end of year $71,044,056

Mission and programs · 2024

Mission

PROVIDE DISTRIBUTION ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS.

  • PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 28,176 EACH MONTH TO MEMBER OWNERS ON A PATRONAGE BASIS.

    Expenses $58,868,817 · Grants $18,000 · Revenue $57,550,488

As filed on the 2024 return.

Listed in Part VII

  • Everett Curry

    DIRECTOR

    Total calculated
    $23,659
    From this org
    $23,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steve Hale

    CHAIRMAN

    Total calculated
    $18,473
    From this org
    $18,473
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Oh Caudill

    VICE CHAIRMAN

    Total calculated
    $18,897
    From this org
    $18,897
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Walter Ballard

    DIRECTOR

    Total calculated
    $22,096
    From this org
    $22,096
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Allen Patrick

    ASST. SECRETARY/TREASURER

    Total calculated
    $21,727
    From this org
    $21,727
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Dewey Hollon

    DIRECTOR

    Total calculated
    $12,473
    From this org
    $12,473
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Linville Gale Means

    DIRECTOR

    Total calculated
    $30,141
    From this org
    $30,141
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Robert Russell

    SECRETARY/TREASURER

    Total calculated
    $17,199
    From this org
    $17,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mary Shearer

    DIRECTOR

    Total calculated
    $15,042
    From this org
    $15,042
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brian Frasure

    VP FINANCE

    Total calculated
    $189,674
    From this org
    $144,622
    From related orgs
    $0
    Other
    $45,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,622
    Bonus
    $0
    Other
    $0
    Deferred
    $29,610
    Nontaxable benefits
    $15,442
    Filer's total
    $189,674

  • Robert Brewer

    PRESIDENT/CEO

    Total calculated
    $301,972
    From this org
    $289,821
    From related orgs
    $0
    Other
    $12,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,821
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,151
    Filer's total
    $301,972

  • C Philip Blythe

    VP OPERATIONS

    Total calculated
    $158,486
    From this org
    $152,990
    From related orgs
    $0
    Other
    $5,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,990
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,496
    Filer's total
    $158,486

  • Raymond Todd Peyton

    VP ENGINEERING

    Total calculated
    $161,713
    From this org
    $148,449
    From related orgs
    $0
    Other
    $13,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,449
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,264
    Filer's total
    $161,713

  • Chad Cline

    DISTRICT FOREMAN

    Total calculated
    $178,915
    From this org
    $131,687
    From related orgs
    $0
    Other
    $47,228
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $131,687
    Bonus
    $0
    Other
    $0
    Deferred
    $32,036
    Nontaxable benefits
    $15,192
    Filer's total
    $178,915

  • Johnny Case

    DIRECT FOREMAN

    Total calculated
    $175,102
    From this org
    $137,035
    From related orgs
    $0
    Other
    $38,067
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $137,035
    Bonus
    $0
    Other
    $0
    Deferred
    $32,912
    Nontaxable benefits
    $5,155
    Filer's total
    $175,102

  • Johnny Perdue

    DISTRICT FOREMAN

    Total calculated
    $151,035
    From this org
    $125,001
    From related orgs
    $0
    Other
    $26,034
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $125,001
    Bonus
    $0
    Other
    $0
    Deferred
    $20,914
    Nontaxable benefits
    $5,120
    Filer's total
    $151,035

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 committee
  • 3 · Written employment contract
  • 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.

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.

Disregarded entities

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

  • CLARK ENERGY PROPANE PLUS LLC

    RETAIL SALES OF PROPANE GAS · KY · income $290,776 · assets $4,936,775

    Directly controlled by CLARK ENERGY COOPERATIVE CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202511339349306681

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