Totals
- Total revenue
- $19,827,462
- Total expenses
- $15,965,553
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $18,771,428
- Investment income
- $55,415
- Other revenue
- $1,000,619
- Total assets, end of year
- $67,525,493
- Total liabilities, end of year
- $27,937,567
- Net assets or fund balances, end of year
- $39,587,926
- 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: FROM CSA IMPORT
total $18,771,428 · related or exempt $18,771,428
-
3 · Investment income
total $55,415 · related or exempt $55,415
-
11a · Other revenue: GEN & TRANS CAPITAL CREDITS
total $714,684 · related or exempt $714,684
-
11b · Other revenue: OTHER CAP CR & PATR. CAP ALLO
total $264,635 · related or exempt $264,635
-
11c · Other revenue: MISC NONOPERATING INCOME
total $21,300 · related or exempt $21,300
-
11e · Other revenue, total
$1,000,619
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,451,246
-
11b · Fees: legal
total $45,933
-
13 · Office expenses
total $56,460
-
20 · Interest
total $992,110
-
22 · Depreciation, depletion and amortization
total $3,547,200
-
24a · Other expenses: COGS
total $6,438,692
-
24b · Other expenses: TRANSMISSION-PROPERTY TAX
total $329,188
-
24c · Other expenses: DIST-MAINTENANCE-PROPERTY
total $317,298
-
24d · Other expenses: DIST-OPERATION-PROPERTY T
total $317,293
-
24e · All other expenses
total $1,470,133
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,232,085 · end of year $2,372,617
-
2 · Savings and temporary cash investments
beginning of year $18,951 · end of year $22,655
-
4 · Accounts receivable
beginning of year $2,495,618 · end of year $2,554,439
-
7 · Other notes and loans receivable
beginning of year $90,959
-
8 · Inventories for sale or use
beginning of year $768,799 · end of year $1,472,244
-
9 · Prepaid expenses and deferred charges
beginning of year $36,658 · end of year $32,605
-
10a · Land, buildings and equipment: cost or other basis
$89,553,922
-
10b · Land, buildings and equipment: accumulated depreciation
$40,830,576
-
10c · Land, buildings and equipment, net
beginning of year $51,972,106 · end of year $48,723,346
-
12 · Investments: other securities
beginning of year $6,525,281 · end of year $6,980,285
-
15 · Other assets
beginning of year $47,172 · end of year $5,367,302
-
17 · Accounts payable and accrued expenses
beginning of year $711,010 · end of year $1,733,299
-
23 · Secured mortgages and notes payable
beginning of year $24,059,869 · end of year $23,874,957
-
25 · Other liabilities
beginning of year $2,159,772 · end of year $2,329,311
-
30 · Paid-in or capital surplus, or land, building or equipment fund
end of year $35,726,019
-
31 · Retained earnings, endowment or other funds
beginning of year $37,256,978 · end of year $3,861,907
Mission and programs · 2022
Mission
RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
-
RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
-
RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott WestlundSCOTT WESTLUND
EMPLOYEE
- Total calculated
- $161,477
- From this org
- $161,477
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,477
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $161,477
-
Kory OppKORY OPP
EMPLOYEE
- Total calculated
- $159,510
- From this org
- $159,510
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,510
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $159,510
-
Bryan LenzBRYAN LENZ
EMPLOYEE
- Total calculated
- $125,498
- From this org
- $125,498
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Riley TommerupRILEY TOMMERUP
EMPLOYEE
- Total calculated
- $122,546
- From this org
- $122,546
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nickolas OelkersNICKOLAS OELKERS
EMPLOYEE
- Total calculated
- $118,069
- From this org
- $118,069
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rick HansenRICK HANSEN
VICE PRESIDE
- Total calculated
- $32,135
- From this org
- $32,135
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Robert RustROBERT RUST
SECRETARY
- Total calculated
- $31,135
- From this org
- $31,135
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Alan DanielsonALAN DANIELSON
BOARD MEMBER
- Total calculated
- $30,935
- From this org
- $30,935
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kerrey HeppnerKERREY HEPPNER
TREASURER
- Total calculated
- $30,535
- From this org
- $30,535
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rodney SmithRODNEY SMITH
PRESIDENT
- Total calculated
- $25,047
- From this org
- $25,047
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jody LagerquistJODY LAGERQUIST
BOARD MEMBER
- Total calculated
- $20,997
- From this org
- $20,997
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Harlan SkillingbergHARLAN SKILLINGBERG
BOARD MEMBER
- Total calculated
- $20,714
- From this org
- $20,714
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Andrew DethmanANDREW DETHMAN
BOARD MEMBER
- Total calculated
- $20,397
- From this org
- $20,397
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Sherl ShanksSHERL SHANKS
BOARD MEMBER
- Total calculated
- $20,356
- From this org
- $20,356
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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
None.
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349319078
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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