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Nonprofiteer
← CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$71,137,265
Total expenses
$65,129,837
Contributions and grants received
$0
Grants paid
$503,064
Program service revenue
$70,131,913
Investment income
$134,903
Other revenue
$870,449
Total assets, end of year
$249,796,984
Total liabilities, end of year
$84,948,126
Net assets or fund balances, end of year
$164,848,858
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dave Markham

    President/CEO

    Total calculated
    $1,555,542
    From this org
    $785,813
    From related orgs
    $55,456
    Other
    $714,273
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $719,242 + $55,456 related
    Bonus
    $65,016
    Other
    $1,555
    Deferred
    $669,416
    Nontaxable benefits
    $44,857
    Filer's total
    $1,500,086 + $55,456 related

  • Brad Wilson

    Director of Operations & Engineering

    Total calculated
    $385,333
    From this org
    $218,178
    From related orgs
    $0
    Other
    $167,155
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $191,087
    Bonus
    $21,952
    Other
    $5,139
    Deferred
    $125,837
    Nontaxable benefits
    $41,318
    Filer's total
    $385,333

  • Todd Fehrenbacher

    Serviceman

    Total calculated
    $317,132
    From this org
    $187,241
    From related orgs
    $0
    Other
    $129,891
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $183,086
    Bonus
    $4,155
    Other
    $0
    Deferred
    $90,332
    Nontaxable benefits
    $39,559
    Filer's total
    $317,132

  • Chris Laite

    Lineman

    Total calculated
    $307,075
    From this org
    $214,895
    From related orgs
    $0
    Other
    $92,180
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $210,785
    Bonus
    $4,110
    Other
    $0
    Deferred
    $77,003
    Nontaxable benefits
    $15,177
    Filer's total
    $307,075

  • Rawleigh White

    Chief Financial Director

    Total calculated
    $299,183
    From this org
    $243,742
    From related orgs
    $14,615
    Other
    $40,826
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $217,872 + $14,615 related
    Bonus
    $25,871
    Other
    $0
    Deferred
    $10,338
    Nontaxable benefits
    $30,488
    Filer's total
    $284,569 + $14,615 related

  • Grant Perryman

    Meter Technician

    Total calculated
    $298,002
    From this org
    $176,942
    From related orgs
    $0
    Other
    $121,060
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $172,106
    Bonus
    $4,836
    Other
    $0
    Deferred
    $81,101
    Nontaxable benefits
    $39,959
    Filer's total
    $298,002

  • Jason Beverly

    Meter Technician

    Total calculated
    $286,861
    From this org
    $198,810
    From related orgs
    $0
    Other
    $88,051
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $194,138
    Bonus
    $4,672
    Other
    $0
    Deferred
    $48,186
    Nontaxable benefits
    $39,865
    Filer's total
    $286,861

  • James Burford

    Foreman/Lineman

    Total calculated
    $283,697
    From this org
    $198,171
    From related orgs
    $0
    Other
    $85,526
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $193,555
    Bonus
    $4,616
    Other
    $0
    Deferred
    $70,047
    Nontaxable benefits
    $15,479
    Filer's total
    $283,697

  • Boyd Keeton

    Director

    Total calculated
    $56,710
    From this org
    $27,437
    From related orgs
    $2,300
    Other
    $26,973
    Hours/week
    5 + 1 related

  • Kip Light

    Chairman

    Total calculated
    $37,779
    From this org
    $8,701
    From related orgs
    $2,100
    Other
    $26,978
    Hours/week
    10 + 1 related

  • Tom Strand

    Director

    Total calculated
    $36,552
    From this org
    $4,534
    From related orgs
    $2,300
    Other
    $29,718
    Hours/week
    5 + 1 related

  • Beverly Clarno

    Director

    Total calculated
    $35,861
    From this org
    $6,588
    From related orgs
    $2,300
    Other
    $26,973
    Hours/week
    5 + 1 related

  • Dan Steelhammer

    Director

    Total calculated
    $30,022
    From this org
    $1,755
    From related orgs
    $3,150
    Other
    $25,117
    Hours/week
    5 + 1 related

  • Mark Christie

    Director

    Total calculated
    $29,534
    From this org
    $3,038
    From related orgs
    $1,900
    Other
    $24,596
    Hours/week
    5 + 1 related

  • Ken Miltenberger

    Secretary/Treasurer

    Total calculated
    $25,634
    From this org
    $7,301
    From related orgs
    $2,400
    Other
    $15,933
    Hours/week
    5 + 1 related

  • Kelly McFarlane

    Vice Chairman

    Total calculated
    $24,272
    From this org
    $7,081
    From related orgs
    $2,300
    Other
    $14,891
    Hours/week
    5 + 1 related

  • Shane Morgan

    Director

    Total calculated
    $13,778
    From this org
    $0
    From related orgs
    $1,900
    Other
    $11,878
    Hours/week
    5 + 1 related

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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
PART 1, LINE 1A: TRAVEL FOR COMPANIONS & HEALTH CLUB DUES - TRAVEL FOR COMPANIONS IS NOT ALLOWED AT CEC EXCEPT AS APPROVED BY THE BOARD OF DIRECTORS FOR SPECIAL CIRCUMSTANCES. HEALTH CLUB DUES ARE OFFERED AS A BENEFIT TO ALL CEC EMPLOYEES.
Schedule J, Part I, Line 4
PART 1, LINE 4B: DEFERRED COMPENSATION PLAN PARTICIPANTS AND AMOUNTS: Dave Markham - $354,819 Rawleigh White - $5,000 Brad Wilson - $5,000 Mark Christie - $2,500 Beverly Clarno - $2,500 Boyd Keeton - $2,500 Kip Light - $2,500 Kelly McFarlane - $2,500 Ken Miltenberger - $2,500 Shane Morgan - $2,500 Dan Steelhammer - $2,500 Tom Strand - $2,500

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CEC RESOURCES INC

    C · Investments · OR · 100% owned · share of income $777,529 · share of assets $43,093,499 · controlled entity

    Directly controlled by CENTRAL ELECTRIC

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313069349300711

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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