Skip to content
Nonprofiteer
← CKENERGY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CKENERGY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$87,206,342
Total expenses
$87,206,342
Contributions and grants received
$0
Grants paid
$42,985
Program service revenue
$86,206,547
Investment income
$960,286
Other revenue
$39,509
Total assets, end of year
$210,357,347
Total liabilities, end of year
$131,836,195
Net assets or fund balances, end of year
$78,521,152
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 $83,024,395 · related or exempt $83,024,395

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $3,049,440 · related or exempt $3,049,440

  • 2c · Program service revenue: SERVICE FEES

    total $98,650 · related or exempt $98,650

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $34,062 · related or exempt $34,062

  • 3 · Investment income

    total $781,429 · excluded $781,429

  • 5 · Royalties

    total $27,612 · excluded $27,612

  • 7a · Gross sales of assets other than inventory

    other assets $227,050

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

    other assets $48,193

  • 7c · Gain or loss

    other assets $178,857

  • 7d · Net gain or loss

    total $178,857 · related or exempt $178,857

  • 10a · Gross sales of inventory

    $554,149

  • 10b · Cost of goods sold

    $544,127

  • 10c · Net income from sales of inventory

    total $10,022 · related or exempt $10,022

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $1,875 · excluded $1,875

  • 11e · Other revenue, total

    $1,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,985

  • 4 · Benefits paid to or for members

    total $6,534,347

  • 5 · Compensation of officers, directors and key employees

    total $1,804,509

  • 7 · Other salaries and wages

    total $6,183,058

  • 8 · Pension plan contributions

    total $1,302,634

  • 9 · Other employee benefits

    total $2,231,607

  • 10 · Payroll taxes

    total $568,601

  • 20 · Interest

    total $3,720,901

  • 22 · Depreciation, depletion and amortization

    total $6,413,602

  • 24a · Other expenses: PURCHASED POWER

    total $48,659,921

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,626,638

  • 24c · Other expenses: SALES

    total $1,830,266

  • 24d · Other expenses: OPERATING TAXES

    total $1,630,843

  • 24e · All other expenses

    total $2,656,430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,715,098 · end of year $3,800,418

  • 2 · Savings and temporary cash investments

    beginning of year $14,297,651 · end of year $9,901,671

  • 4 · Accounts receivable

    beginning of year $10,607,623 · end of year $4,773,664

  • 7 · Other notes and loans receivable

    beginning of year $194,342 · end of year $159,791

  • 8 · Inventories for sale or use

    beginning of year $2,449,857 · end of year $2,037,569

  • 9 · Prepaid expenses and deferred charges

    beginning of year $473,698 · end of year $400,793

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

    $218,815,213

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

    $65,678,185

  • 10c · Land, buildings and equipment, net

    beginning of year $145,643,164 · end of year $153,137,028

  • 13 · Investments: program-related

    beginning of year $30,172,323 · end of year $33,058,426

  • 15 · Other assets

    beginning of year $3,761,851 · end of year $3,087,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,679,700 · end of year $7,693,190

  • 23 · Secured mortgages and notes payable

    beginning of year $120,618,439 · end of year $114,439,402

  • 25 · Other liabilities

    beginning of year $9,533,101 · end of year $9,703,603

  • 29 · Capital stock, trust principal or current funds

    beginning of year $78,250 · end of year $79,305

  • 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 $72,406,117 · end of year $78,441,847

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 27,122 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.

As filed on the 2023 return.

Listed in Part VII

  • GARY BREWSTER

    TRUSTEE

    Total calculated
    $15,572
    From this org
    $15,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.9

  • WALTER HRBACEK

    TRUSTEE

    Total calculated
    $18,101
    From this org
    $18,101
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • SCOTT KLINGMAN

    TRUSTEE

    Total calculated
    $21,500
    From this org
    $21,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.5

  • GREG LITTLE

    VICE PRESIDENT

    Total calculated
    $27,762
    From this org
    $27,762
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.7

  • DON PAYNE

    TRUSTEE

    Total calculated
    $37,525
    From this org
    $37,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.2

  • FRED REUTER

    SECRETARY

    Total calculated
    $14,509
    From this org
    $14,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • JACK SAWATZKY

    PRESIDENT

    Total calculated
    $22,577
    From this org
    $22,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.2

  • JOHN SCHAUFELE

    TRUSTEE

    Total calculated
    $25,298
    From this org
    $25,298
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.9

  • TONY SETZER

    TRUSTEE

    Total calculated
    $18,589
    From this org
    $18,589
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.9

  • MARK SLEMP

    TRUSTEE

    Total calculated
    $28,486
    From this org
    $28,486
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • STEVE SWEENEY

    TRUSTEE

    Total calculated
    $16,651
    From this org
    $16,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • ROBERT TRAVIS

    TRUSTEE

    Total calculated
    $25,139
    From this org
    $25,139
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.9

  • CLINT PACK

    CEO

    Total calculated
    $464,938
    From this org
    $315,500
    From related orgs
    $0
    Other
    $149,438
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $292,098
    Bonus
    $17,000
    Other
    $6,402
    Deferred
    $127,171
    Nontaxable benefits
    $22,267
    Filer's total
    $464,938

  • DEBRA TOHO

    CFO

    Total calculated
    $308,244
    From this org
    $168,634
    From related orgs
    $0
    Other
    $139,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,134
    Bonus
    $2,000
    Other
    $3,500
    Deferred
    $114,935
    Nontaxable benefits
    $24,675
    Filer's total
    $308,244

  • WISPER HOWELL

    DIR OF CONSUMER ACCT

    Total calculated
    $234,788
    From this org
    $165,611
    From related orgs
    $0
    Other
    $69,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,134
    Bonus
    $2,000
    Other
    $477
    Deferred
    $39,684
    Nontaxable benefits
    $29,493
    Filer's total
    $234,788

  • WILLIAM B LEE

    VP STRATEGIC PLANNING

    Total calculated
    $269,562
    From this org
    $172,590
    From related orgs
    $0
    Other
    $96,972
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,090
    Bonus
    $2,000
    Other
    $3,500
    Deferred
    $74,705
    Nontaxable benefits
    $22,267
    Filer's total
    $269,562

  • GAYLA COATS

    HR/BENEFIT ADMINISTRATION

    Total calculated
    $255,268
    From this org
    $152,060
    From related orgs
    $0
    Other
    $103,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,012
    Bonus
    $2,000
    Other
    $2,048
    Deferred
    $80,941
    Nontaxable benefits
    $22,267
    Filer's total
    $255,268

  • LANCE GOUCHER

    CONSTRUCTION FOREMAN

    Total calculated
    $213,020
    From this org
    $154,872
    From related orgs
    $0
    Other
    $58,148
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $152,585
    Bonus
    $2,000
    Other
    $287
    Deferred
    $28,655
    Nontaxable benefits
    $29,493
    Filer's total
    $213,020

  • GARY WILLIAMS

    POWER MANAGER

    Total calculated
    $193,672
    From this org
    $145,422
    From related orgs
    $0
    Other
    $48,250
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,507
    Bonus
    $2,000
    Other
    $2,915
    Deferred
    $38,282
    Nontaxable benefits
    $9,968
    Filer's total
    $193,672

  • STEVEN SCOTT

    DIRECTOR OF OPERATION

    Total calculated
    $178,605
    From this org
    $143,340
    From related orgs
    $0
    Other
    $35,265
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,987
    Bonus
    $2,000
    Other
    $353
    Deferred
    $17,612
    Nontaxable benefits
    $17,653
    Filer's total
    $178,605

  • BRAD HARDWICK

    DISTRIBUTION LINEMAN

    Total calculated
    $208,383
    From this org
    $137,202
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,523
    Bonus
    $2,000
    Other
    $679
    Deferred
    $41,688
    Nontaxable benefits
    $29,493
    Filer's total
    $208,383

  • BRIAN COKER

    MARKETING

    Total calculated
    $181,146
    From this org
    $136,932
    From related orgs
    $0
    Other
    $44,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,296
    Bonus
    $2,000
    Other
    $636
    Deferred
    $14,721
    Nontaxable benefits
    $29,493
    Filer's total
    $181,146

  • JAMES HEDRICK

    FORMER DIRECTOR OF OPERATIONS

    Total calculated
    $137,616
    From this org
    $137,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $137,616
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $137,616

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 · 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, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. 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. CLINT PACK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 127,171 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (127,171) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 80,894 EXPENSE TO THE COOPERATIVE $ 80,894 DEBRA TOHO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 114,935 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (114,935) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 WILLIAM B. LEE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 74,705 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (74,705) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 GAYLA COATS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 80,941 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (80,941) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,758 EXPENSE TO THE COOPERATIVE $ 41,758 WISPER HOWELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 39,684 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (39,684) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 LANCE GOUCHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 28,655 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (28,655) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,761 EXPENSE TO THE COOPERATIVE $ 26,761 BRAD HARDWICK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 41,688 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (41,688) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,743 EXPENSE TO THE COOPERATIVE $ 26,743 GARY WILLIAMS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 38,282 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (38,282) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,769 EXPENSE TO THE COOPERATIVE $ 39,769 BRIAN COKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 14,721 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (14,721) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,875 EXPENSE TO THE COOPERATIVE $ 37,875 STEVEN SCOTT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 17,612 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,612) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,769 EXPENSE TO THE COOPERATIVE $ 39,769

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.

  • CKENERGY ELECTRIC FOUNDATION INC

    501(C)(3) · DISBURSE FUNDS FOR CHARITABLE PURPOSES · OK · controlled entity

    Directly controlled by CKENERGY ELECTRIC COOPERATIVE 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349304304

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.