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Nonprofiteer
← BIG BEND ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by BIG BEND ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$40,570,764
Total expenses
$40,229,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,089,389
Investment income
$341,015
Other revenue
$140,360
Total assets, end of year
$79,348,668
Total liabilities, end of year
$19,086,894
Net assets or fund balances, end of year
$60,261,774
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: Electricity Sales

    total $39,818,332 · related or exempt $39,818,332

  • 2b · Program service revenue: Other Electric Revenues

    total $271,057 · related or exempt $271,057

  • 3 · Investment income

    total $248,645 · related or exempt $39,736 · excluded $208,909

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $140,360

  • 6c · Rental income or loss

    personal property $140,360

  • 6d · Net rental income or loss

    total $140,360 · excluded $140,360

  • 7a · Gross sales of assets other than inventory

    other assets $92,370

  • 7c · Gain or loss

    other assets $92,370

  • 7d · Net gain or loss

    total $92,370 · related or exempt $92,370

  • 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: Other non-operating rev

  • 11e · Other revenue, total

    $0

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 $2,955,379

  • 5 · Compensation of officers, directors and key employees

    total $503,769

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,734,759

  • 8 · Pension plan contributions

    total $1,222,546

  • 9 · Other employee benefits

    total $1,653,949

  • 10 · Payroll taxes

    total $359,968

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $78,641

  • 11c · Fees: accounting

    total $12,200

  • 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 $14,212

  • 13 · Office expenses

    total $49,596

  • 14 · Information technology

    total $44,147

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $36,139

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $190,952

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,920,926

  • 23 · Insurance

    total $162,962

  • 24a · Other expenses: Cost of power

    total $20,425,323

  • 24b · Other expenses: Admin and general

    total $5,213,878

  • 24c · Other expenses: Distribution - maintenance

    total $2,748,557

  • 24d · Other expenses: Distribution - operations

    total $2,445,424

  • 24e · All other expenses

    total -$6,543,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $637,481 · end of year $1,123,211

  • 2 · Savings and temporary cash investments

    beginning of year $14,347,265 · end of year $6,045,975

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $6,478,665 · end of year $6,045,762

  • 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

    beginning of year $4,476,659 · end of year $5,846,307

  • 9 · Prepaid expenses and deferred charges

    beginning of year $469,022 · end of year $555,500

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

    $114,217,969

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

    $55,690,967

  • 10c · Land, buildings and equipment, net

    beginning of year $49,727,914 · end of year $58,527,002

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,410,188 · end of year $1,204,911

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,533,678 · end of year $5,436,515

  • 19 · Deferred revenue

    beginning of year $441,105 · end of year $396,210

  • 23 · Secured mortgages and notes payable

    beginning of year $6,000,000 · end of year $5,791,304

  • 25 · Other liabilities

    beginning of year $8,924,487 · end of year $7,462,865

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $897 · end of year $897

  • 31 · Retained earnings, endowment or other funds

    beginning of year $56,647,027 · end of year $60,260,877

Mission and programs · 2022

Mission

Sale of Electric Energy

  • SUPPLY OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS

As filed on the 2022 return.

Listed in Part VII

  • Yvette Armstrong

    Gen. Mgr./CEO

    Total calculated
    $378,952
    From this org
    $268,590
    From related orgs
    $0
    Other
    $110,362
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,590
    Bonus
    not reported
    Other
    not reported
    Deferred
    $94,637
    Nontaxable benefits
    $15,725
    Filer's total
    $378,952

  • Shannon Phillips

    CFO

    Total calculated
    $307,240
    From this org
    $204,804
    From related orgs
    $0
    Other
    $102,436
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $204,804
    Bonus
    not reported
    Other
    not reported
    Deferred
    $73,244
    Nontaxable benefits
    $29,192
    Filer's total
    $307,240

  • Duane Johnson

    Operations Mgr

    Total calculated
    $284,967
    From this org
    $191,439
    From related orgs
    $0
    Other
    $93,528
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,439
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,216
    Nontaxable benefits
    $29,312
    Filer's total
    $284,967

  • John Francisco

    Assistant GM

    Total calculated
    $266,200
    From this org
    $179,887
    From related orgs
    $0
    Other
    $86,313
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,696
    Nontaxable benefits
    $30,617
    Filer's total
    $266,200

  • Mark Hay

    Engineering Mgr

    Total calculated
    $258,283
    From this org
    $179,114
    From related orgs
    $0
    Other
    $79,169
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,114
    Bonus
    not reported
    Other
    not reported
    Deferred
    $52,300
    Nontaxable benefits
    $26,869
    Filer's total
    $258,283

  • Christina Wyatt

    Mgr of Pwr Supply

    Total calculated
    $255,816
    From this org
    $167,810
    From related orgs
    $0
    Other
    $88,006
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,810
    Bonus
    not reported
    Other
    not reported
    Deferred
    $57,750
    Nontaxable benefits
    $30,256
    Filer's total
    $255,816

  • Ken Story

    President

    Total calculated
    $14,613
    From this org
    $14,613
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Curtis Dahl

    Vice President

    Total calculated
    $14,263
    From this org
    $14,263
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Rhody Hayes

    Secretary

    Total calculated
    $14,063
    From this org
    $14,063
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stacy Kniveton

    Treasurer

    Total calculated
    $13,763
    From this org
    $13,763
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dennis Swinger Sr

    Trustee

    Total calculated
    $13,663
    From this org
    $13,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brandon Spencer

    Trustee

    Total calculated
    $13,663
    From this org
    $13,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Greg Galbreath

    Trustee

    Total calculated
    $13,663
    From this org
    $13,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Harder

    Vice President

    Total calculated
    $12,863
    From this org
    $12,863
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Burl Booker

    Trustee

    Total calculated
    $11,453
    From this org
    $11,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Lyle Holt

    Trustee

    Total calculated
    $2,310
    From this org
    $2,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Kallie Harder

    Trustee

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202321179349301927

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