Skip to content
Nonprofiteer
← CHARITON VALLEY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CHARITON VALLEY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$13,986,496
Total expenses
$13,482,023
Contributions and grants received
$0
Grants paid
$25,874
Program service revenue
$13,847,779
Investment income
$107,286
Other revenue
$31,431
Total assets, end of year
$43,885,552
Total liabilities, end of year
$27,712,588
Net assets or fund balances, end of year
$16,172,964
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: ELECTRIC SERVICE

    total $13,272,966 · related or exempt $13,272,966

  • 2b · Program service revenue: CAPITAL CREDITS

    total $574,813 · related or exempt $574,813

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $49,326 · excluded $49,326

  • 6a · Gross rents

    real property $35,941

  • 6b · Less rental expenses

    real property $6,348

  • 6c · Rental income or loss

    real property $29,593 · personal property $0

  • 6d · Net rental income or loss

    total $29,593 · excluded $29,593

  • 7a · Gross sales of assets other than inventory

    other assets $57,960

  • 7c · Gain or loss

    securities $0 · other assets $57,960

  • 7d · Net gain or loss

    total $57,960 · excluded $57,960

  • 10a · Gross sales of inventory

    $26,187

  • 10b · Cost of goods sold

    $24,349

  • 10c · Net income from sales of inventory

    total $1,838 · related or exempt $1,838

  • 11d · All other revenue

    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 $25,874

  • 4 · Benefits paid to or for members

    total $774,785

  • 5 · Compensation of officers, directors and key employees

    total $652,746

  • 7 · Other salaries and wages

    total $1,067,776

  • 8 · Pension plan contributions

    total $220,870

  • 9 · Other employee benefits

    total $383,799

  • 10 · Payroll taxes

    total $156,701

  • 11b · Fees: legal

    total $23,178

  • 11c · Fees: accounting

    total $115,559

  • 11d · Fees: lobbying

    total $7,569

  • 11g · Fees: other

    total $56,993

  • 12 · Advertising and promotion

    total $33,556

  • 13 · Office expenses

    total $176,575

  • 14 · Information technology

    total $111,072

  • 19 · Conferences, conventions and meetings

    total $64,031

  • 20 · Interest

    total $649,597

  • 22 · Depreciation, depletion and amortization

    total $1,014,108

  • 23 · Insurance

    total $30,213

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $6,520,121

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $885,080

  • 24c · Other expenses: OTHER EXPENSES

    total $274,350

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $170,649

  • 24e · All other expenses

    total $66,821

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $634,576 · end of year $535,575

  • 2 · Savings and temporary cash investments

    beginning of year $201,053 · end of year $153,797

  • 4 · Accounts receivable

    beginning of year $1,295,933 · end of year $1,333,380

  • 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 $6,694,929 · end of year $5,869,255

  • 8 · Inventories for sale or use

    beginning of year $635,094 · end of year $599,552

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,076 · end of year $73,715

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

    $40,858,454

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

    $11,498,979

  • 10c · Land, buildings and equipment, net

    beginning of year $28,030,190 · end of year $29,359,475

  • 12 · Investments: other securities

    beginning of year $5,503,954 · end of year $5,832,114

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $173,091 · end of year $128,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,557,175 · end of year $1,377,016

  • 19 · Deferred revenue

    beginning of year $99,443 · end of year $34,607

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $26,246,386 · end of year $26,163,703

  • 25 · Other liabilities

    beginning of year $139,093 · end of year $137,262

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,191,799 · end of year $16,172,964

Mission and programs · 2023

Mission

TO PROVIDE PUBLIC UTILITY TO ITS MEMBERS.

  • PROVIDING ELECTRIC SERVICE TO ITS MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Jerry Durian

    DIRECTOR

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Houser

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Karla Heffron

    DIRECTOR

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Welsh

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Wesley Green

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kenneth Vandenberg

    PRESIDENT BEG 08/23

    Total calculated
    $6,813
    From this org
    $6,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Leilani Todd

    GENERAL MANAGER

    Total calculated
    $76,683
    From this org
    $61,933
    From related orgs
    $0
    Other
    $14,750
    Hours/week
    40

  • Marchelle Brown

    TREASURER

    Total calculated
    $9,313
    From this org
    $9,313
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Michael Miller

    PRESIDENT END 08/23

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Norm Major

    SECRETARY

    Total calculated
    $9,750
    From this org
    $9,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Randy Gottschalk

    VICE PRESIDENT

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Troy Amoss

    CEO

    Total calculated
    $190,710
    From this org
    $142,776
    From related orgs
    $0
    Other
    $47,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,776
    Bonus
    $0
    Other
    $0
    Deferred
    $20,143
    Nontaxable benefits
    $27,791
    Filer's total
    $190,710

  • Trudy Grade

    FINANCE MANAGER

    Total calculated
    $168,742
    From this org
    $121,912
    From related orgs
    $0
    Other
    $46,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,912
    Bonus
    $0
    Other
    $0
    Deferred
    $23,218
    Nontaxable benefits
    $23,612
    Filer's total
    $168,742

  • Jared Shaw

    LINE SUPERINTENDENT

    Total calculated
    $148,422
    From this org
    $109,740
    From related orgs
    $0
    Other
    $38,682
    Hours/week
    42

  • Kile Overmeyer

    LINEMAN

    Total calculated
    $155,737
    From this org
    $115,602
    From related orgs
    $0
    Other
    $40,135
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $115,602
    Bonus
    $0
    Other
    $0
    Deferred
    $14,410
    Nontaxable benefits
    $25,725
    Filer's total
    $155,737

  • Kyle Kirchner

    LINEMAN

    Total calculated
    $130,672
    From this org
    $100,879
    From related orgs
    $0
    Other
    $29,793
    Hours/week
    40

  • Ryan Romanco

    LINEMAN

    Total calculated
    $132,689
    From this org
    $108,146
    From related orgs
    $0
    Other
    $24,543
    Hours/week
    40

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITON VALLEY SERVICES COMPANY

    C Corporation · INVESTMENT · IA · 100% owned · share of income $8 · share of assets $0 · controlled entity

    Directly controlled by CVEC

Provenance

Return type
form_990
Tax year
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202442679349300239

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

The source document this was parsed from is served over the API, which is where bulk and document access live.