Form 990 for tax year 2022
Filed by MORA-SAN MIGUEL ELECTRIC COOPERATIVE INC.
Totals
- Total revenue
- $13,076,672
- Total expenses
- $13,056,339
- Contributions and grants received
- $0
- Grants paid
- $7,700
- Program service revenue
- $13,032,758
- Investment income
- $5,642
- Other revenue
- $38,272
- Total assets, end of year
- $37,576,968
- Total liabilities, end of year
- $26,522,413
- Net assets or fund balances, end of year
- $11,054,555
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: SALES OF ELECTRICITY
total $12,781,204 · related or exempt $12,781,204
-
2b · Program service revenue: PATRONAGE DIVIDENDS
total $178,895 · related or exempt $178,895
-
2c · Program service revenue: SERVICE FEES
total $52,834 · related or exempt $52,834
-
2d · Program service revenue: RENEWABLE ENERGY CERTIFICATES
total $19,825 · related or exempt $19,825
-
3 · Investment income
total $5,642 · excluded $5,642
-
10a · Gross sales of inventory
$14,691
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $14,691 · related or exempt $14,691
-
11a · Other revenue: POLE ATTACHMENT INCOME
total $23,581 · excluded $23,581
-
11e · Other revenue, total
$23,581
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,700
-
4 · Benefits paid to or for members
total $773,226
-
5 · Compensation of officers, directors and key employees
total $206,229
-
7 · Other salaries and wages
total $1,306,804
-
8 · Pension plan contributions
total $56,331
-
9 · Other employee benefits
total $280,130
-
10 · Payroll taxes
total $118,106
-
20 · Interest
total $634,175
-
22 · Depreciation, depletion and amortization
total $1,245,683
-
24a · Other expenses: PURCHASED POWER
total $6,818,857
-
24b · Other expenses: ADMIN & GENERAL EXPENSE
total $615,870
-
24c · Other expenses: DISTRIBUTION EXPENSE
total $567,618
-
24d · Other expenses: CONSUMER EXPENSES
total $417,888
-
24e · All other expenses
total $7,722
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,289,310 · end of year $3,622,122
-
2 · Savings and temporary cash investments
beginning of year $479,745 · end of year $481,995
-
4 · Accounts receivable
beginning of year $1,216,549 · end of year $1,443,354
-
8 · Inventories for sale or use
beginning of year $318,038 · end of year $1,375,775
-
9 · Prepaid expenses and deferred charges
beginning of year $68,081 · end of year $68,333
-
10a · Land, buildings and equipment: cost or other basis
$46,919,592
-
10b · Land, buildings and equipment: accumulated depreciation
$22,328,890
-
10c · Land, buildings and equipment, net
beginning of year $17,521,361 · end of year $24,590,702
-
13 · Investments: program-related
beginning of year $5,152,668 · end of year $5,263,922
-
15 · Other assets
beginning of year $432,900 · end of year $730,765
-
17 · Accounts payable and accrued expenses
beginning of year $1,115,175 · end of year $2,944,623
-
23 · Secured mortgages and notes payable
beginning of year $15,533,737 · end of year $21,993,208
-
25 · Other liabilities
beginning of year $1,562,028 · end of year $1,584,582
-
29 · Capital stock, trust principal or current funds
beginning of year $70,065 · end of year $71,830
-
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 $10,197,647 · end of year $10,982,725
Mission and programs · 2022
Mission
TO IMPROVE THE LIVES OF ITS MEMBER OWNERS, WHILE INVESTING IN OUR COMMUNITIES, WE DELIVER SAFE, RELIABLE AND AFFORDABLE ELECTRICITY WITH A FOCUS ON EXCELLENT MEMBER SERVICE, AND CLEAN RENEWABLE ENERGY.
Activities or mission (Part I)
TO PROVIDE THE HIGHEST LEVEL OF ELECTRICAL SERVICE CONSISTENT WITH EFFICIENT AND SOUND PRINCIPLES.
-
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 11,153 ACTIVE SERVICES AT YEAR END.
As filed on the 2022 return.
Listed in Part VII
-
James OrtizJAMES ORTIZ
VICE PRESIDENT
- Total calculated
- $8,700
- From this org
- $8,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.8
-
Samuel A RamirezSAMUEL A RAMIREZ
TRUSTEE (JUN-DEC)
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.6
-
Virginia MondragonVIRGINIA MONDRAGON
SECRETARY/TREASURER
- Total calculated
- $3,700
- From this org
- $3,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.44
-
Joe C De BacaJOE C DE BACA
TRUSTEE
- Total calculated
- $3,250
- From this org
- $3,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.4
-
Robert BacaROBERT BACA
PRESIDENT
- Total calculated
- $2,850
- From this org
- $2,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.61
-
Leslie MontoyaLESLIE MONTOYA
CEO/GENERAL MANAGER
- Total calculated
- $181,729
- From this org
- $150,737
- From related orgs
- $0
- Other
- $30,992
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,847
- Bonus
- $10,050
- Other
- $1,840
- Deferred
- $16,938
- Nontaxable benefits
- $14,054
- Filer's total
- $181,729
-
Francisco CaroFRANCISCO CARO
WORKING FOREMAN
- Total calculated
- $130,958
- From this org
- $110,853
- From related orgs
- $0
- Other
- $20,105
- Hours/week
- 40
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 · 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.
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.
-
MORA-SAN MIGUEL ELECTRIC FOUNDATION INC
501(C)(3) · TO PROVIDE COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS AND THEIR FAMILY. · NM · controlled entity
Directly controlled by MORA-SAN MIGUEL ELECTRIC COOPERATIVE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333059349302733
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