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Nonprofiteer
← CLARKE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CLARKE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$15,278,344
Total expenses
$15,095,302
Contributions and grants received
$0
Grants paid
$15,146
Program service revenue
$15,171,792
Investment income
$57,975
Other revenue
$48,577
Total assets, end of year
$45,282,832
Total liabilities, end of year
$26,138,428
Net assets or fund balances, end of year
$19,144,404
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: DISTRIBUTE ELECTRICITY TO MEMBERS

    total $14,487,436 · related or exempt $14,487,436

  • 2b · Program service revenue: CAPITAL CREDITS

    total $684,356 · related or exempt $684,356

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $57,975 · excluded $57,975

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: RESALE/METER SERVICE/OTHER

    total $44,322 · unrelated business $44,322

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $4,255 · unrelated business $4,255

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $48,577

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,146

  • 4 · Benefits paid to or for members

    total $475,000

  • 5 · Compensation of officers, directors and key employees

    total $285,893

  • 7 · Other salaries and wages

    total $1,288,272

  • 8 · Pension plan contributions

    total $334,303

  • 9 · Other employee benefits

    total $89,801

  • 10 · Payroll taxes

    total $212,615

  • 11b · Fees: legal

    total $11,346

  • 11c · Fees: accounting

    total $34,440

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $27,200

  • 13 · Office expenses

    total $84,864

  • 20 · Interest

    total $942,983

  • 22 · Depreciation, depletion and amortization

    total $1,548,772

  • 24a · Other expenses: PURCHASED POWER

    total $7,375,352

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $725,126

  • 24c · Other expenses: OPERATING EXPENSES

    total $788,870

  • 24d · Other expenses: ADMINISTRATIVE

    total $499,322

  • 24e · All other expenses

    total $355,997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,692 · end of year $36,737

  • 2 · Savings and temporary cash investments

    beginning of year $1,084,328 · end of year $560,150

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,512,606 · end of year $1,151,177

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $544,842 · end of year $878,353

  • 8 · Inventories for sale or use

    beginning of year $919,229 · end of year $809,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,892 · end of year $153,046

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

    $55,644,095

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

    $17,943,896

  • 10c · Land, buildings and equipment, net

    beginning of year $36,743,227 · end of year $37,700,199

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $3,643,653 · end of year $3,989,635

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $99 · end of year $99

  • 15 · Other assets

    beginning of year $4,435 · end of year $4,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,870,725 · end of year $1,702,032

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,530,753 · end of year $1,579,744

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $22,343,355 · end of year $22,782,083

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $78,696 · end of year $74,569

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 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 $18,833,474 · end of year $19,144,404

Mission and programs · 2023

Mission

TO DISTRIBUTE ELECTRICITY TO MEMBERS

  • TO DISTRIBUTE ELECTRICITY TO MEMBERS

As filed on the 2023 return.

Listed in Part VII

  • Lydda Youmans

    TREASURER

    Total calculated
    $3,575
    From this org
    $3,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Maren Kelso

    Secretary

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Randy Barnard

    ASSISTANT SEC/TREASURER

    Total calculated
    $5,375
    From this org
    $5,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Randy Rouse

    VICE PRESIDENT

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • W Edward White

    PRESIDENT

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • Cody Miller

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Larry Jackson

    DIRECTOR

    Total calculated
    $3,416
    From this org
    $3,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Larry Keller

    Director

    Total calculated
    $6,088
    From this org
    $6,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Natalie Rydl

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Zach Robinson

    DIRECTOR

    Total calculated
    $1,350
    From this org
    $1,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • David Opie

    GENERAL MANAGER

    Total calculated
    $247,205
    From this org
    $171,241
    From related orgs
    $0
    Other
    $75,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,941
    Bonus
    $300
    Other
    $0
    Deferred
    $3,363
    Nontaxable benefits
    $72,601
    Filer's total
    $247,205

  • Brad Wilson

    MANAGER OF ENGINEERING

    Total calculated
    $211,688
    From this org
    $138,156
    From related orgs
    $0
    Other
    $73,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,856
    Bonus
    $300
    Other
    $0
    Deferred
    $14,492
    Nontaxable benefits
    $59,040
    Filer's total
    $211,688

  • Chad McIntosh

    MANAGER OF OPERATIONS

    Total calculated
    $175,995
    From this org
    $118,998
    From related orgs
    $0
    Other
    $56,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,698
    Bonus
    $300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $56,997
    Filer's total
    $175,995

  • Cory Dommer

    Foreman

    Total calculated
    $167,238
    From this org
    $115,257
    From related orgs
    $0
    Other
    $51,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,957
    Bonus
    $300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,981
    Filer's total
    $167,238

  • Eric Page

    Lineman

    Total calculated
    $164,021
    From this org
    $111,676
    From related orgs
    $0
    Other
    $52,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,376
    Bonus
    $300
    Other
    $0
    Deferred
    $1,200
    Nontaxable benefits
    $51,145
    Filer's total
    $164,021

  • Rob McCoy

    Foreman

    Total calculated
    $179,026
    From this org
    $112,916
    From related orgs
    $0
    Other
    $66,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,616
    Bonus
    $300
    Other
    $0
    Deferred
    $10,753
    Nontaxable benefits
    $55,357
    Filer's total
    $179,026

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

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413059349301751

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