Skip to content
Nonprofiteer
← CLAY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by CLAY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$477,827,474
Total expenses
$477,827,474
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$477,827,474

Listed in Part VII

  • CLYDE D HERSEY

    TRUSTEE - TREASURER

    Total calculated
    $21,400
    From this org
    $21,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 0.2 related

  • JOANN R SMITH

    TRUSTEE

    Total calculated
    $26,924
    From this org
    $26,924
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 1 related

  • JOHN H WHITEHEAD

    TRUSTEE

    Total calculated
    $39,724
    From this org
    $39,724
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 4 related

  • CARL F HAGGLUND

    TRUSTEE

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 0.1 related

  • KELLEY R SMITH JR

    TRUSTEE - SECRETARY

    Total calculated
    $42,043
    From this org
    $42,043
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 0.2 related

  • SUSAN S REEVES

    TRUSTEE

    Total calculated
    $32,143
    From this org
    $32,143
    From related orgs
    $0
    Other
    $0
    Hours/week
    16 + 2 related

  • JOSEPH C MALPHURS

    TRUSTEE - PRESIDENT

    Total calculated
    $30,886
    From this org
    $30,886
    From related orgs
    $0
    Other
    $0
    Hours/week
    14 + 0.3 related

  • JAMES D WILSON

    TRUSTEE

    Total calculated
    $27,594
    From this org
    $27,594
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 0.2 related

  • KAREN HASTINGS

    TRUSTEE - VICE PRESIDENT

    Total calculated
    $31,531
    From this org
    $31,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 0.2 related

  • RICHARD K DAVIS

    GENERAL MANAGER/CEO

    Total calculated
    $851,948
    From this org
    $724,405
    From related orgs
    $0
    Other
    $127,543
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $589,069
    Bonus
    $100,000
    Other
    $35,336
    Deferred
    $106,127
    Nontaxable benefits
    $21,416
    Filer's total
    $851,948

  • SANFORD M MAXWELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $399,070
    From this org
    $264,866
    From related orgs
    $0
    Other
    $134,204
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $245,928
    Bonus
    $0
    Other
    $18,938
    Deferred
    $114,606
    Nontaxable benefits
    $19,598
    Filer's total
    $399,070

  • WILLIAM D HEMBREE

    DISTRICT MANAGER-PK/SS

    Total calculated
    $248,344
    From this org
    $172,690
    From related orgs
    $0
    Other
    $75,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,966
    Bonus
    $0
    Other
    $15,724
    Deferred
    $68,390
    Nontaxable benefits
    $7,264
    Filer's total
    $248,344

  • DALE R FURLONG

    DISTRICT MANAGER-KHD

    Total calculated
    $153,944
    From this org
    $141,090
    From related orgs
    $0
    Other
    $12,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,241
    Bonus
    $0
    Other
    $34,849
    Deferred
    $4,505
    Nontaxable benefits
    $8,349
    Filer's total
    $153,944

  • LOUIE A CHAFF

    DISTRICT MANAGER-OP

    Total calculated
    $278,266
    From this org
    $194,103
    From related orgs
    $0
    Other
    $84,163
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,270
    Bonus
    $0
    Other
    $6,833
    Deferred
    $72,918
    Nontaxable benefits
    $11,245
    Filer's total
    $278,266

  • TROY ADAMS

    DISTRICT MANAGER-GV/LC

    Total calculated
    $285,645
    From this org
    $195,361
    From related orgs
    $0
    Other
    $90,284
    Hours/week
    45 + 2 related

    Schedule J breakdown matched by us

    Base
    $188,520
    Bonus
    $0
    Other
    $6,841
    Deferred
    $79,355
    Nontaxable benefits
    $10,929
    Filer's total
    $285,645

  • DERICK THOMAS

    CHIEF PUBLIC RELATIONS OFF

    Total calculated
    $343,922
    From this org
    $223,388
    From related orgs
    $0
    Other
    $120,534
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $217,888
    Bonus
    $0
    Other
    $5,500
    Deferred
    $103,921
    Nontaxable benefits
    $16,613
    Filer's total
    $343,922

  • CHRISTOPHER E BRYAN

    DIVISION MANAGER-ENGINEERI

    Total calculated
    $331,365
    From this org
    $210,267
    From related orgs
    $0
    Other
    $121,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,793
    Bonus
    $0
    Other
    $3,474
    Deferred
    $107,597
    Nontaxable benefits
    $13,501
    Filer's total
    $331,365

  • FRANK HOLMES

    CHIEF OPERATING OFFICER

    Total calculated
    $169,815
    From this org
    $165,069
    From related orgs
    $0
    Other
    $4,746
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $116,017
    Bonus
    $0
    Other
    $49,052
    Deferred
    $9,344
    Nontaxable benefits
    $0
    Filer's total
    $174,413

  • DANIEL B GUNTER

    DIRECTOR OF OPERATIONS

    Total calculated
    $331,514
    From this org
    $209,916
    From related orgs
    $0
    Other
    $121,598
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $205,966
    Bonus
    $0
    Other
    $3,950
    Deferred
    $107,564
    Nontaxable benefits
    $14,034
    Filer's total
    $331,514

  • DONALD J WILLIAMS

    CHIEF OFFICER CORP SVCS

    Total calculated
    $421,421
    From this org
    $189,882
    From related orgs
    $0
    Other
    $231,539
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,804
    Bonus
    $0
    Other
    $7,078
    Deferred
    $218,946
    Nontaxable benefits
    $12,593
    Filer's total
    $421,421

  • TOBIAS MOSS

    CHIEF INFORMATION OFFICER

    Total calculated
    $263,447
    From this org
    $241,045
    From related orgs
    $0
    Other
    $22,402
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,538
    Bonus
    $0
    Other
    $12,507
    Deferred
    $9,501
    Nontaxable benefits
    $12,901
    Filer's total
    $263,447

  • MARK A TOWNSEND

    DIVISION MANAGER-T&D CONST

    Total calculated
    $299,349
    From this org
    $188,314
    From related orgs
    $0
    Other
    $111,035
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $181,575
    Bonus
    $0
    Other
    $6,739
    Deferred
    $89,619
    Nontaxable benefits
    $21,416
    Filer's total
    $299,349

  • CHERYL RODGERS

    CHIEF AUDIT OFFICER

    Total calculated
    $274,179
    From this org
    $185,355
    From related orgs
    $0
    Other
    $88,824
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,887
    Bonus
    $0
    Other
    $3,468
    Deferred
    $76,624
    Nontaxable benefits
    $12,200
    Filer's total
    $274,179

  • BRENT RICHARDSON

    CHIEF INFORMATION OFFICER

    Total calculated
    $265,944
    From this org
    $177,533
    From related orgs
    $0
    Other
    $88,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,183
    Bonus
    $0
    Other
    $2,350
    Deferred
    $76,592
    Nontaxable benefits
    $11,819
    Filer's total
    $265,944

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 — 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 committee
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

LISTED PERSONS COMPENSATION INFORMATION (PART I, LINE 4)
THE COOPERATIVE HAS AGREED ON A YEAR TO YEAR BASIS TO CALCULATE THE VALUE OF THE DIFFERENCE IN THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER/CEO IN A LUMP SUM FORM. UNDER THE CURRENT GUIDELINES OF THE DEFINED BENEFIT ADMINISTRATOR, ONE WITH IRS LIMITATIONS AND ONE WITHOUT LIMITATIONS, ANY POSITIVE VALUE WILL BE PAID AS A TAXABLE PAYMENT, IN THE CURRENT YEAR. RICHARD DAVIS RECEIVED $20,000 DURING 2022 .

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349314786

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.