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Nonprofiteer
← CENTRAL TEXAS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CENTRAL TEXAS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$81,587,002
Total expenses
$81,587,002
Contributions and grants received
$0
Grants paid
$14,159
Program service revenue
$80,685,458
Investment income
$341,175
Other revenue
$560,369
Total assets, end of year
$244,930,841
Total liabilities, end of year
$135,547,918
Net assets or fund balances, end of year
$109,382,923
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $78,842,339 · related or exempt $78,842,339

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,144,634 · related or exempt $1,144,634

  • 2c · Program service revenue: SERVICE FEES

    total $698,485 · related or exempt $698,485

  • 3 · Investment income

    total $297,077 · excluded $297,077

  • 7a · Gross sales of assets other than inventory

    other assets $97,419

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

    other assets $53,321

  • 7c · Gain or loss

    other assets $44,098

  • 7d · Net gain or loss

    total $44,098 · related or exempt $44,098

  • 10a · Gross sales of inventory

    $129,566

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $129,566 · related or exempt $129,566

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $430,803 · excluded $430,803

  • 11e · Other revenue, total

    $430,803

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,159

  • 4 · Benefits paid to or for members

    total $5,894,386

  • 5 · Compensation of officers, directors and key employees

    total $1,001,929

  • 7 · Other salaries and wages

    total $5,521,902

  • 8 · Pension plan contributions

    total $858,626

  • 9 · Other employee benefits

    total $1,288,525

  • 10 · Payroll taxes

    total $408,863

  • 20 · Interest

    total $4,100,326

  • 22 · Depreciation, depletion and amortization

    total $8,468,739

  • 24a · Other expenses: PURCHASED POWER

    total $44,448,089

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $6,486,262

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,749,460

  • 24d · Other expenses: CONSUMER EXPENSE

    total $1,011,119

  • 24e · All other expenses

    total $334,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,507,206 · end of year $2,206,323

  • 2 · Savings and temporary cash investments

    beginning of year $10,133,863 · end of year $591,073

  • 4 · Accounts receivable

    beginning of year $13,678,036 · end of year $11,009,783

  • 8 · Inventories for sale or use

    beginning of year $5,114,992 · end of year $5,478,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,103,033 · end of year $4,857,239

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

    $303,641,039

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

    $90,579,106

  • 10c · Land, buildings and equipment, net

    beginning of year $198,470,298 · end of year $213,061,933

  • 13 · Investments: program-related

    beginning of year $5,897,155 · end of year $6,690,026

  • 15 · Other assets

    beginning of year $1,037,249 · end of year $1,036,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,797,840 · end of year $9,894,448

  • 19 · Deferred revenue

    beginning of year $4,350,000 · end of year $2,175,000

  • 21 · Escrow or custodial account liability

    beginning of year $204,040 · end of year $220,535

  • 23 · Secured mortgages and notes payable

    beginning of year $99,176,053 · end of year $100,943,949

  • 25 · Other liabilities

    beginning of year $26,021,809 · end of year $22,313,986

  • 29 · Capital stock, trust principal or current funds

    beginning of year $680,620 · end of year $698,325

  • 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 $102,711,470 · end of year $108,684,598

Mission and programs · 2023

Mission

PROVIDING OUR MEMBERS SAFE, RELIABLE, HIGH QUALITY SERVICE AT A REASONABLE COST.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 46,950 ACTIVE SERVICES AT YEAR END.

As filed on the 2023 return.

Listed in Part VII

  • Mark Hahn

    PRESIDENT

    Total calculated
    $18,339
    From this org
    $18,339
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Joseph Wieser

    VICE PRESIDENT

    Total calculated
    $15,590
    From this org
    $15,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Connie Stockbridge

    TREASURER

    Total calculated
    $16,140
    From this org
    $16,140
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Doylene Bode

    SECRETARY

    Total calculated
    $15,990
    From this org
    $15,990
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Mark Reeve

    DIRECTOR

    Total calculated
    $14,040
    From this org
    $14,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.1

  • Tim Lehmberg

    DIRECTOR

    Total calculated
    $14,540
    From this org
    $14,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Scott Olguin

    DIRECTOR

    Total calculated
    $15,390
    From this org
    $15,390
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Wynne Whitworth

    DIRECTOR

    Total calculated
    $14,190
    From this org
    $14,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.3

  • Fermin Ortiz

    DIRECTOR

    Total calculated
    $15,240
    From this org
    $15,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Wayne Seipp

    DIRECTOR

    Total calculated
    $14,340
    From this org
    $14,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.3

  • James A Low

    DIRECTOR

    Total calculated
    $13,890
    From this org
    $13,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.25

  • Atanacio Hinojosa

    CEO

    Total calculated
    $298,237
    From this org
    $240,330
    From related orgs
    $0
    Other
    $57,907
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $400
    Other
    $39,930
    Deferred
    $37,515
    Nontaxable benefits
    $20,392
    Filer's total
    $298,237

  • Shawn Stanley

    CFO

    Total calculated
    $273,867
    From this org
    $189,400
    From related orgs
    $0
    Other
    $84,467
    Hours/week
    47.2 + 2 related

    Schedule J breakdown matched by us

    Base
    $187,013
    Bonus
    $400
    Other
    $1,987
    Deferred
    $64,359
    Nontaxable benefits
    $20,108
    Filer's total
    $273,867

  • Dennis Elmore

    DIRECTOR OF ENGINEERING/OP

    Total calculated
    $262,136
    From this org
    $193,373
    From related orgs
    $0
    Other
    $68,763
    Hours/week
    41.6

    Schedule J breakdown matched by us

    Base
    $184,662
    Bonus
    $400
    Other
    $8,311
    Deferred
    $49,549
    Nontaxable benefits
    $19,214
    Filer's total
    $262,136

  • Steve Murrow

    DISTRICT OP SUPERVISER

    Total calculated
    $181,713
    From this org
    $129,086
    From related orgs
    $0
    Other
    $52,627
    Hours/week
    41.4

    Schedule J breakdown matched by us

    Base
    $124,180
    Bonus
    $500
    Other
    $4,406
    Deferred
    $33,756
    Nontaxable benefits
    $18,871
    Filer's total
    $181,713

  • Arthur Wunderlich

    FOREMAN

    Total calculated
    $191,471
    From this org
    $125,072
    From related orgs
    $0
    Other
    $66,399
    Hours/week
    40.9

    Schedule J breakdown matched by us

    Base
    $120,750
    Bonus
    $500
    Other
    $3,822
    Deferred
    $48,011
    Nontaxable benefits
    $18,388
    Filer's total
    $191,471

  • Patrick Stahl

    SYSTEM SERVICES SUPERVISOR

    Total calculated
    $239,256
    From this org
    $120,350
    From related orgs
    $0
    Other
    $118,906
    Hours/week
    40.9

    Schedule J breakdown matched by us

    Base
    $114,355
    Bonus
    $500
    Other
    $5,495
    Deferred
    $87,351
    Nontaxable benefits
    $31,555
    Filer's total
    $239,256

  • Robert Sagebiel

    LEAD SUBSTATION TECH

    Total calculated
    $151,365
    From this org
    $117,002
    From related orgs
    $0
    Other
    $34,363
    Hours/week
    40.2

    Schedule J breakdown matched by us

    Base
    $115,660
    Bonus
    $800
    Other
    $542
    Deferred
    $15,112
    Nontaxable benefits
    $19,251
    Filer's total
    $151,365

  • Dennis Crenwelge

    DISTRIC OPERATION SUPERVIS

    Total calculated
    $200,947
    From this org
    $114,617
    From related orgs
    $0
    Other
    $86,330
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $107,659
    Bonus
    $2,500
    Other
    $4,458
    Deferred
    $67,744
    Nontaxable benefits
    $18,586
    Filer's total
    $200,947

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 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ATANACIO HINOJOSA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,515 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,000 TOTAL REPORTED IN COLUMN C $ 37,515 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,515) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 38,480 EXPENSE TO THE COOPERATIVE $ 46,480 SHAWN STANLEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,878 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,481 TOTAL REPORTED IN COLUMN C $ 64,359 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,878) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,632 EXPENSE TO THE COOPERATIVE $ 42,133 DENNIS ELMORE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,068 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,481 TOTAL REPORTED IN COLUMN C $ 49,549 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,068) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,632 EXPENSE TO THE COOPERATIVE $ 42,113 PATRICK STAHL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 82,039 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,312 TOTAL REPORTED IN COLUMN C $ 87,351 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (82,039) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,595 EXPENSE TO THE COOPERATIVE $ 29,907 DENNIS CRENWELGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 63,344 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,400 TOTAL REPORTED IN COLUMN C $ 67,744 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (63,344) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,372 EXPENSE TO THE COOPERATIVE $ 24,772 ARTHUR WUNDERLICH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 44,287 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,724 TOTAL REPORTED IN COLUMN C $ 48,011 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (44,287) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 16,824 EXPENSE TO THE COOPERATIVE $ 20,548 STEVE MURROW: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 28,543 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,213 TOTAL REPORTED IN COLUMN C $ 33,756 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (28,543) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,135 EXPENSE TO THE COOPERATIVE $ 29,348 ROBERT SAGEBIEL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,541 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,571 TOTAL REPORTED IN COLUMN C $ 15,112 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,541) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 16,472 EXPENSE TO THE COOPERATIVE $ 20,043

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

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.

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.

  • CENTRAL TEXAS EXTRA-SERVICES COORPORATION

    C · INTERNET ACCESS PROVIDER · TX · 100% owned · share of income $874,765 · share of assets $1,433,241 · controlled entity

    Directly controlled by CENTRAL TEXAS ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349314790

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