Skip to content
Nonprofiteer
← CKENERGY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by CKENERGY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$96,879,490
Total expenses
$96,879,490
Contributions and grants received
$0
Grants paid
$285,596
Program service revenue
$96,317,453
Investment income
$456,181
Other revenue
$105,856
Total assets, end of year
$211,315,607
Total liabilities, end of year
$138,831,240
Net assets or fund balances, end of year
$72,484,367
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 $94,539,863 · related or exempt $94,539,863

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,570,051 · related or exempt $1,570,051

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $112,119 · related or exempt $112,119

  • 2d · Program service revenue: SERVICE FEES

    total $95,420 · related or exempt $95,420

  • 3 · Investment income

    total $328,919 · excluded $328,919

  • 5 · Royalties

    total $566 · excluded $566

  • 7a · Gross sales of assets other than inventory

    other assets $127,262

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $127,262

  • 7d · Net gain or loss

    total $127,262 · related or exempt $127,262

  • 10a · Gross sales of inventory

    $188,548

  • 10b · Cost of goods sold

    $113,626

  • 10c · Net income from sales of inventory

    total $74,922 · related or exempt $74,922

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $30,368 · excluded $30,368

  • 11e · Other revenue, total

    $30,368

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $285,596

  • 4 · Benefits paid to or for members

    total $3,571,182

  • 5 · Compensation of officers, directors and key employees

    total $1,860,332

  • 7 · Other salaries and wages

    total $5,881,258

  • 8 · Pension plan contributions

    total $1,137,441

  • 9 · Other employee benefits

    total $2,158,770

  • 10 · Payroll taxes

    total $483,788

  • 20 · Interest

    total $3,685,585

  • 22 · Depreciation, depletion and amortization

    total $6,773,747

  • 24a · Other expenses: PURCHASED POWER

    total $62,584,620

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,343,550

  • 24c · Other expenses: OPERATING TAXES

    total $1,846,399

  • 24d · Other expenses: ADMIN & GENERAL EXPENSE

    total $869,988

  • 24e · All other expenses

    total $3,397,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,261,485 · end of year $3,715,098

  • 2 · Savings and temporary cash investments

    beginning of year $6,993,151 · end of year $14,297,651

  • 4 · Accounts receivable

    beginning of year $16,747,359 · end of year $10,607,623

  • 7 · Other notes and loans receivable

    beginning of year $265,129 · end of year $194,342

  • 8 · Inventories for sale or use

    beginning of year $1,589,170 · end of year $2,449,857

  • 9 · Prepaid expenses and deferred charges

    beginning of year $862,751 · end of year $473,698

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

    $208,252,048

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

    $62,608,884

  • 10c · Land, buildings and equipment, net

    beginning of year $148,743,811 · end of year $145,643,164

  • 13 · Investments: program-related

    beginning of year $29,488,096 · end of year $30,172,323

  • 15 · Other assets

    beginning of year $3,622,697 · end of year $3,761,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,978,205 · end of year $8,679,700

  • 23 · Secured mortgages and notes payable

    beginning of year $126,610,543 · end of year $120,618,439

  • 25 · Other liabilities

    beginning of year $10,051,535 · end of year $9,533,101

  • 29 · Capital stock, trust principal or current funds

    beginning of year $77,730 · end of year $78,250

  • 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 $66,855,636 · end of year $72,406,117

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 26,741 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.

As filed on the 2022 return.

Listed in Part VII

  • Gary Brewster

    TRUSTEE

    Total calculated
    $14,943
    From this org
    $14,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Walter Hrbacek

    TRUSTEE

    Total calculated
    $16,498
    From this org
    $16,498
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Greg Little

    VICE PRESIDENT

    Total calculated
    $26,484
    From this org
    $26,484
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Don Payne

    TRUSTEE

    Total calculated
    $35,304
    From this org
    $35,304
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Scott Klingman Aug-Dec

    TRUSTEE

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Fred Reuter

    SECRETARY/TREASURER

    Total calculated
    $15,661
    From this org
    $15,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Jack Sawatzky

    PRESIDENT

    Total calculated
    $21,024
    From this org
    $21,024
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Schaufele

    TRUSTEE

    Total calculated
    $23,444
    From this org
    $23,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tony Setzer

    TRUSTEE

    Total calculated
    $17,785
    From this org
    $17,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mark Slemp

    TRUSTEE

    Total calculated
    $26,417
    From this org
    $26,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Steve Sweeney

    TRUSTEE

    Total calculated
    $19,096
    From this org
    $19,096
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Robert Travis

    TRUSTEE

    Total calculated
    $25,619
    From this org
    $25,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • John Scott May-Aug

    TRUSTEE

    Total calculated
    $4,548
    From this org
    $4,548
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Glenn Propps Jan-Mar

    TRUSTEE

    Total calculated
    $8,183
    From this org
    $8,183
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Clint Pack

    CEO

    Total calculated
    $466,254
    From this org
    $279,466
    From related orgs
    $0
    Other
    $186,788
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,754
    Bonus
    $2,750
    Other
    $3,962
    Deferred
    $166,135
    Nontaxable benefits
    $20,653
    Filer's total
    $466,254

  • Debra Toho

    CFO

    Total calculated
    $320,091
    From this org
    $161,776
    From related orgs
    $0
    Other
    $158,315
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,708
    Bonus
    $2,750
    Other
    $3,318
    Deferred
    $130,939
    Nontaxable benefits
    $27,376
    Filer's total
    $320,091

  • Wisper Howell

    DIR OF CONSUMER ACCT

    Total calculated
    $251,900
    From this org
    $158,910
    From related orgs
    $0
    Other
    $92,990
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,709
    Bonus
    $2,750
    Other
    $451
    Deferred
    $65,614
    Nontaxable benefits
    $27,376
    Filer's total
    $251,900

  • James Hedrick

    DIRECTOR OF OPERATIONS

    Total calculated
    $287,115
    From this org
    $172,955
    From related orgs
    $0
    Other
    $114,160
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $163,470
    Bonus
    $2,750
    Other
    $6,735
    Deferred
    $93,507
    Nontaxable benefits
    $20,653
    Filer's total
    $287,115

  • William B Lee

    VP STRATEGIC PLANNING

    Total calculated
    $271,166
    From this org
    $161,274
    From related orgs
    $0
    Other
    $109,892
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,229
    Bonus
    $2,750
    Other
    $3,295
    Deferred
    $89,239
    Nontaxable benefits
    $20,653
    Filer's total
    $271,166

  • Lance Goucher

    CONSTRUCTION FOREMAN

    Total calculated
    $220,963
    From this org
    $153,976
    From related orgs
    $0
    Other
    $66,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,995
    Bonus
    $2,750
    Other
    $231
    Deferred
    $39,611
    Nontaxable benefits
    $27,376
    Filer's total
    $220,963

  • Gayla Coats

    DIRECTOR OF HR

    Total calculated
    $265,446
    From this org
    $145,967
    From related orgs
    $0
    Other
    $119,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,277
    Bonus
    $2,750
    Other
    $1,940
    Deferred
    $98,826
    Nontaxable benefits
    $20,653
    Filer's total
    $265,446

  • Gary Williams

    POWER MANAGER

    Total calculated
    $196,917
    From this org
    $139,600
    From related orgs
    $0
    Other
    $57,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,093
    Bonus
    $2,750
    Other
    $2,757
    Deferred
    $48,077
    Nontaxable benefits
    $9,240
    Filer's total
    $196,917

  • Tommy Hannagan

    DISTRICT LINEMAN

    Total calculated
    $203,503
    From this org
    $132,796
    From related orgs
    $0
    Other
    $70,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,981
    Bonus
    $2,750
    Other
    $2,065
    Deferred
    $50,054
    Nontaxable benefits
    $20,653
    Filer's total
    $203,503

  • Jared Brown

    DISTRICT LINEMAN

    Total calculated
    $199,775
    From this org
    $130,431
    From related orgs
    $0
    Other
    $69,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,454
    Bonus
    $2,750
    Other
    $227
    Deferred
    $41,968
    Nontaxable benefits
    $27,376
    Filer's total
    $199,775

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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. CLINT PACK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 166,135 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (166,135) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 72,884 EXPENSE TO THE COOPERATIVE $ 72,884 DEBRA TOHO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 130,939 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (130,939) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,480 EXPENSE TO THE COOPERATIVE $ 41,480 JAMES HEDRICK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 93,507 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (93,507) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 43,554 EXPENSE TO THE COOPERATIVE $ 43,554 WILLIAM B. LEE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 89,239 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (89,239) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,480 EXPENSE TO THE COOPERATIVE $ 41,480 GAYLA COATS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 98,826 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (98,826) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,623 EXPENSE TO THE COOPERATIVE $ 37,623 WISPER HOWELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 65,614 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (65,614) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,480 EXPENSE TO THE COOPERATIVE $ 41,480 LANCE GOUCHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 39,611 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (39,611) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,964 EXPENSE TO THE COOPERATIVE $ 22,964 TOMMY HANNAGAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 50,054 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (50,054) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,575 EXPENSE TO THE COOPERATIVE $ 26,575 JARED BROWN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 48,077 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (48,077) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,953 EXPENSE TO THE COOPERATIVE $ 22,953 GARY WILLIAMS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 41,968 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (41,968) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,832 EXPENSE TO THE COOPERATIVE $ 35,832

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.

  • CKENERGY ELECTRIC FOUNDATION INC

    501(C)(3) · DISBURSE FUNDS FOR CHARITABLE PURPOSES · OK · controlled entity

    Directly controlled by CKENERGY ELECTRIC COOPERATIVE INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CADDO ELEC COOP ENTERPRISES INC

    C · INACTIVE · OK · 100% owned · controlled entity

    Directly controlled by CKENERGY ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202341299349301579

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.