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Nonprofiteer
← BOWIE-CASS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BOWIE-CASS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$79,998,868
Total expenses
$79,998,868
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$79,523,279
Investment income
$319,538
Other revenue
$156,051
Total assets, end of year
$205,334,755
Total liabilities, end of year
$89,810,564
Net assets or fund balances, end of year
$115,524,191
Program services expenses (Part IX)
$79,998,868
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,998,868

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.

  • 2a · Program service revenue: Electric Power

    total $77,245,969 · related or exempt $77,245,969

  • 2b · Program service revenue: Internet Service Fees

    total $432,385 · related or exempt $216,338 · unrelated business $216,047

  • 2c · Program service revenue: Patronage Dividends

    total $1,428,809 · related or exempt $1,428,809

  • 2d · Program service revenue: Service Fees

    total $416,116 · related or exempt $416,116

  • 3 · Investment income

    total $207,028 · excluded $207,028

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $146,886

  • 6c · Rental income or loss

    real property $146,886

  • 6d · Net rental income or loss

    total $146,886 · excluded $146,886

  • 7a · Gross sales of assets other than inventory

    other assets $112,510

  • 7c · Gain or loss

    other assets $112,510

  • 7d · Net gain or loss

    total $112,510 · excluded $112,510

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous Income

    total $9,165 · excluded $9,165

  • 11e · Other revenue, total

    $9,165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,257,405 · program services $1,257,405

  • 5 · Compensation of officers, directors and key employees

    total $473,269 · program services $473,269

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,569,428 · program services $1,569,428

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,454,024 · program services $8,454,024

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PURCHASED POWER COST

    total $48,473,268 · program services $48,473,268

  • 24b · Other expenses: DISTRIBUTIONS EXPENSE-MAINTENA

    total $7,927,971 · program services $7,927,971

  • 24c · Other expenses: DISTRIBUTION EXPENSE-OPERATION

    total $4,971,597 · program services $4,971,597

  • 24d · Other expenses: GENERAL & ADMIN. EXPENSES

    total $4,342,693 · program services $4,342,693

  • 24e · All other expenses

    total $2,529,213 · program services $2,529,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,521,204 · end of year $4,010,714

  • 2 · Savings and temporary cash investments

    beginning of year $25,000 · end of year $2,025,000

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $9,802,977 · end of year $7,998,700

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,555,409 · end of year $1,453,250

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

    $279,691,705

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

    $125,201,704

  • 10c · Land, buildings and equipment, net

    beginning of year $150,849,475 · end of year $154,490,001

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $34,112,316 · end of year $35,357,090

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,121,195 · end of year $16,150,847

  • 19 · Deferred revenue

    beginning of year $493,577 · end of year $650,454

  • 23 · Secured mortgages and notes payable

    beginning of year $61,826,735 · end of year $61,077,704

  • 25 · Other liabilities

    beginning of year $16,237,065 · end of year $11,931,559

  • 31 · Retained earnings, endowment or other funds

    beginning of year $112,187,809 · end of year $115,524,191

Mission and programs · 2024

Mission

To make electric energy available to its members at the lowest cost consistent with sound economy and good management.

  • Providing electric energy to our 27,746 members, with approximately 40,047 services in place at year end on a Cooperative basis through the allocation of patronage capital.

    Expenses $79,998,868 · Revenue $79,523,279

As filed on the 2024 return.

Listed in Part VII

  • Mark A Boyd

    General Manager

    Total calculated
    $291,709
    From this org
    $234,556
    From related orgs
    $0
    Other
    $57,153
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,475
    Bonus
    $3,874
    Other
    $6,207
    Deferred
    $32,738
    Nontaxable benefits
    $24,415
    Filer's total
    $291,709

  • Travis Turner

    Engineer Director

    Total calculated
    $234,650
    From this org
    $197,273
    From related orgs
    $0
    Other
    $37,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,300
    Bonus
    $271
    Other
    $10,702
    Deferred
    $7,479
    Nontaxable benefits
    $29,898
    Filer's total
    $234,650

  • Monte Simpson

    Line Inspector

    Total calculated
    $213,797
    From this org
    $162,419
    From related orgs
    $0
    Other
    $51,378
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,873
    Bonus
    $2,162
    Other
    $384
    Deferred
    $22,670
    Nontaxable benefits
    $28,708
    Filer's total
    $213,797

  • Sharon Cook

    CFO & HR Manager

    Total calculated
    $196,406
    From this org
    $151,719
    From related orgs
    $0
    Other
    $44,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,492
    Bonus
    $3,039
    Other
    $1,188
    Deferred
    $21,177
    Nontaxable benefits
    $23,510
    Filer's total
    $196,406

  • Gregory Russell

    Maint. Superintend

    Total calculated
    $193,856
    From this org
    $144,378
    From related orgs
    $0
    Other
    $49,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,646
    Bonus
    $2,958
    Other
    $774
    Deferred
    $20,152
    Nontaxable benefits
    $29,326
    Filer's total
    $193,856

  • Johnny D Hammonds

    Serviceman

    Total calculated
    $186,799
    From this org
    $145,504
    From related orgs
    $0
    Other
    $41,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,154
    Bonus
    $2,100
    Other
    $250
    Deferred
    $20,309
    Nontaxable benefits
    $20,986
    Filer's total
    $186,799

  • Steve E DeLaughter

    President

    Total calculated
    $25,832
    From this org
    $25,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    12.3

  • Shep Granberry

    Director

    Total calculated
    $21,932
    From this org
    $21,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.78

  • Carla Dupree

    Director

    Total calculated
    $21,332
    From this org
    $21,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.38

  • Anthony Pinkham

    Sec/Treas.

    Total calculated
    $19,832
    From this org
    $19,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.96

  • Ryan Richey

    Director

    Total calculated
    $18,632
    From this org
    $18,632
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.04

  • Hal Hess

    Director

    Total calculated
    $18,621
    From this org
    $18,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sue Berry

    Director

    Total calculated
    $18,615
    From this org
    $18,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Jerry Moody

    Vice President

    Total calculated
    $18,432
    From this org
    $18,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Denise McDaniel

    Assist Sec/Trea

    Total calculated
    $18,332
    From this org
    $18,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.83

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349306025

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