Totals
- Total revenue
- $56,425,618
- Total expenses
- $56,425,618
- Contributions and grants received
- $0
- Grants paid
- $6,000
- Program service revenue
- $53,858,134
- Investment income
- $207,383
- Other revenue
- $2,360,101
- Total assets, end of year
- $148,214,910
- Total liabilities, end of year
- $91,272,388
- Net assets or fund balances, end of year
- $56,942,522
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $56,425,618
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 $53,858,134 · related or exempt $53,858,134
-
3 · Investment income
total $207,383 · excluded $207,383
-
11a · Other revenue: SALE OF GENERAL PLANT ITEMS
total $720,526 · related or exempt $71,526 · excluded $649,000
-
11b · Other revenue: SUBSIDIARY INCOME
total $558,892 · unrelated business $558,892
-
11c · Other revenue: JOINT USE RENTS
total $510,736 · excluded $510,736
-
11d · All other revenue
total $569,947 · related or exempt $569,947
-
11e · Other revenue, total
$2,360,101
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,000
-
4 · Benefits paid to or for members
total $1,431,263
-
5 · Compensation of officers, directors and key employees
total $329,049
-
7 · Other salaries and wages
total $2,264,260
-
8 · Pension plan contributions
total $314,893
-
9 · Other employee benefits
total $301,448
-
10 · Payroll taxes
total $179,782
-
11b · Fees: legal
total $77,943
-
11c · Fees: accounting
total $22,150
-
13 · Office expenses
total $195,653
-
20 · Interest
total $2,771,053
-
22 · Depreciation, depletion and amortization
total $4,464,017
-
23 · Insurance
total $127,963
-
24a · Other expenses: PURCHASE POWER
total $39,785,955
-
24b · Other expenses: DISTRIBUTION - MAINTENA
total $3,655,988
-
24c · Other expenses: DISTRIBUTION - OPERATIO
total $2,198,206
-
24d · Other expenses: ADMINISTRATIVE AND GENE
total $954,867
-
24e · All other expenses
total -$2,654,872
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,855,360 · end of year $2,796,452
-
2 · Savings and temporary cash investments
end of year $655,979
-
4 · Accounts receivable
beginning of year $6,088,790 · end of year $6,490,176
-
8 · Inventories for sale or use
beginning of year $1,941,984 · end of year $1,920,198
-
9 · Prepaid expenses and deferred charges
beginning of year $284,636 · end of year $336,233
-
10a · Land, buildings and equipment: cost or other basis
$128,657,410
-
10b · Land, buildings and equipment: accumulated depreciation
$29,601,213
-
10c · Land, buildings and equipment, net
beginning of year $94,137,079 · end of year $99,056,197
-
12 · Investments: other securities
beginning of year $3,801,497 · end of year $4,165,477
-
13 · Investments: program-related
beginning of year $31,820,115 · end of year $32,616,569
-
15 · Other assets
beginning of year $1,567,860 · end of year $177,629
-
17 · Accounts payable and accrued expenses
beginning of year $4,075,618 · end of year $4,789,678
-
23 · Secured mortgages and notes payable
beginning of year $78,128,269 · end of year $80,098,456
-
25 · Other liabilities
beginning of year $5,892,580 · end of year $6,384,254
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 $55,400,854 · end of year $56,942,522
Mission and programs · 2024
Mission
PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDE ELECTRIC SERVICE TO OVER 18,040 CONSUMERS MONTHLY.
-
PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDES ELECTRIC SERVICE TO OVER 18,040 CONSUMERS MONTHLY.
Expenses $56,425,618 · Grants $6,000 · Revenue $54,499,607
As filed on the 2024 return.
Listed in Part VII
-
Pat HargadonPAT HARGADON
DIRECTOR
- Total calculated
- $17,190
- From this org
- $17,190
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Ashley ChiltonASHLEY CHILTON
CHAIRMAN
- Total calculated
- $15,000
- From this org
- $15,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Roger TaylorROGER TAYLOR
SEC/TREAS
- Total calculated
- $15,600
- From this org
- $15,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Diana ArnoldDIANA ARNOLD
DIRECTOR
- Total calculated
- $16,153
- From this org
- $16,153
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Wayne StrattonWAYNE STRATTON
DIRECTOR
- Total calculated
- $15,600
- From this org
- $15,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Jeffrey JoyceJEFFREY JOYCE
DIRECTOR
- Total calculated
- $16,000
- From this org
- $16,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Jack Bragg JrJACK BRAGG JR
PRESIDENT & CEO
- Total calculated
- $259,517
- From this org
- $233,506
- From related orgs
- $0
- Other
- $26,011
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $233,506
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,011
- Filer's total
- $259,517
-
Jason GinnJASON GINN
OPERATIONS/CONTRACT RESOUR
- Total calculated
- $210,863
- From this org
- $149,126
- From related orgs
- $0
- Other
- $61,737
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $149,126
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $61,737
- Filer's total
- $210,863
-
Randy StevensRANDY STEVENS
SVP POWER DELIVERY SERVICE
- Total calculated
- $180,271
- From this org
- $147,932
- From related orgs
- $0
- Other
- $32,339
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $147,932
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,339
- Filer's total
- $180,271
-
Richard SpoonamoreRICHARD SPOONAMORE
CREW LEADER
- Total calculated
- $165,308
- From this org
- $132,184
- From related orgs
- $0
- Other
- $33,124
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $132,184
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,124
- Filer's total
- $165,308
-
Jeffrey LeaJEFFREY LEA
LINE TECHNICIAN
- Total calculated
- $167,084
- From this org
- $130,496
- From related orgs
- $0
- Other
- $36,588
- Hours/week
- 51
Schedule J breakdown matched by us
- Base
- $130,496
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $36,588
- Filer's total
- $167,084
-
Michael MoriartyMICHAEL MORIARTY
CFO
- Total calculated
- $173,751
- From this org
- $148,474
- From related orgs
- $0
- Other
- $25,277
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $148,474
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,277
- Filer's total
- $173,751
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Independent compensation consultant
- 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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SHELBY ENERGY PROPANE PLUS LLC
RETAIL SALE OF PROPANE GAS · KY · income $558,892 · assets $4,165,477
Directly controlled by SHELBY ENERGY COOPERATIVE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541159349300224
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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