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Nonprofiteer
← BARTON COUNTY ELEC COOP INC

Form 990 for tax year 2023

Filed by BARTON COUNTY ELEC COOP INC.

Totals

Total revenue
$20,568,142
Total expenses
$20,568,142
Contributions and grants received
$0
Grants paid
$6,865
Program service revenue
$20,367,792
Investment income
$141,076
Other revenue
$59,274
Total assets, end of year
$56,989,910
Total liabilities, end of year
$27,860,470
Net assets or fund balances, end of year
$29,129,440
Program services expenses (Part IX)
$20,568,142
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,568,142

Program services were 100.0% 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: RESIDENTIAL SALES - RURAL

    total $12,493,192 · related or exempt $12,493,192

  • 2b · Program service revenue: COMMERCIAL ELECTRIC SALES

    total $5,937,538 · related or exempt $5,937,538

  • 2c · Program service revenue: OTHER REVENUE

    total $1,063,241 · related or exempt $1,063,241

  • 2d · Program service revenue: PATRONAGE DIVIDENDS

    total $873,821 · related or exempt $873,821

  • 3 · Investment income

    total $76,075 · excluded $76,075

  • 6a · Gross rents

    real property $51,919

  • 6c · Rental income or loss

    real property $51,919

  • 6d · Net rental income or loss

    total $51,919 · excluded $51,919

  • 7a · Gross sales of assets other than inventory

    other assets $70,495

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

    other assets $5,494

  • 7c · Gain or loss

    other assets $65,001

  • 7d · Net gain or loss

    total $65,001 · excluded $65,001

  • 10a · Gross sales of inventory

    $40,804

  • 10b · Cost of goods sold

    $33,449

  • 10c · Net income from sales of inventory

    total $7,355 · excluded $7,355

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,865 · program services $6,865

  • 4 · Benefits paid to or for members

    total $1,875,989 · program services $1,875,989

  • 5 · Compensation of officers, directors and key employees

    total $869,140 · program services $869,140

  • 20 · Interest

    total $1,050,355 · program services $1,050,355

  • 22 · Depreciation, depletion and amortization

    total $1,968,232 · program services $1,968,232

  • 24a · Other expenses: COST OF POWER

    total $10,242,153 · program services $10,242,153

  • 24b · Other expenses: DISTRIBUTION

    total $3,650,994 · program services $3,650,994

  • 24c · Other expenses: CONSUMER ACCOUNT EXPENSE

    total $633,271 · program services $633,271

  • 24d · Other expenses: GENERAL & ADMINISTRATIVE

    total $271,143 · program services $271,143

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,560,164 · end of year $957,780

  • 2 · Savings and temporary cash investments

    beginning of year $1,036,754 · end of year $1,051,665

  • 4 · Accounts receivable

    beginning of year $1,543,368 · end of year $1,282,813

  • 8 · Inventories for sale or use

    beginning of year $1,314,428 · end of year $1,982,394

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

    $62,406,434

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

    $22,153,769

  • 10c · Land, buildings and equipment, net

    beginning of year $39,493,292 · end of year $40,252,665

  • 13 · Investments: program-related

    beginning of year $10,755,850 · end of year $11,456,612

  • 15 · Other assets

    beginning of year $34,857 · end of year $5,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,161,932 · end of year $3,153,632

  • 23 · Secured mortgages and notes payable

    beginning of year $24,182,580 · end of year $24,706,838

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $22,403

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,371,798 · end of year $29,129,440

Mission and programs · 2023

Mission

TO IMPROVE FARM PRODUCTION AND LIVING STANDARDS THROUGH ELECTRICAL SERVICES PROVIDED TO RURAL AREAS ON A COOPERATIVE BASIS. TO IMPROVE THE ECONOMY OF THE COMMUNITY THROUGH ELECTRICAL SERVICE PROVIDED TO COMMERCIAL, SCHOOLS AND CHURCHES. TO PROMOTE A CLEAN AND SAFE ENVIRONMENT THROUGH ELECTRICAL SERVICE PROVIDED TO LANDFILLS, HIGHWAYS AND PARKS.

  • OUR ORGANIZATION HAS ONLY ONE PROGRAM SERVICE, PROVIDING ELECTRICAL SERVICE FOR 6,797 ACTIVE SERVICES ON COOPERATIVE BASIS. WE HAVE 1,886 MILES OF ENERGIZED LINE AND DURING THE YEAR OF 2023 WE PURCHASED 174,103,515 KWH OF POWER TO PROVIDE ADEQUATE SERVICE TO OUR CUSTOMERS. OUR OBJECTIVE IS TO KEEP SERVICE INTERRUPTIONS TO A MINIMUM. SERVICE INTERRUPTIONS FOR 2023 WERE APPROXIMATELY 0.030 HOURS PER CUSTOMER FOR THE YEAR OF SERVICE.

    Expenses $20,568,142 · Grants $6,865

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Hull

    CEO

    Total calculated
    $287,724
    From this org
    $170,816
    From related orgs
    $0
    Other
    $116,908
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,324
    Bonus
    $1,250
    Other
    $10,242
    Deferred
    $99,522
    Nontaxable benefits
    $17,386
    Filer's total
    $287,724

  • Bobby Pulliam

    OPERATIONS M

    Total calculated
    $155,356
    From this org
    $122,673
    From related orgs
    $0
    Other
    $32,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,787
    Bonus
    $500
    Other
    $8,386
    Deferred
    $9,156
    Nontaxable benefits
    $23,527
    Filer's total
    $155,356

  • Tara Littlejohn

    FINANCIAL MA

    Total calculated
    $154,347
    From this org
    $111,094
    From related orgs
    $0
    Other
    $43,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,352
    Bonus
    $1,200
    Other
    $8,542
    Deferred
    $19,726
    Nontaxable benefits
    $23,527
    Filer's total
    $154,347

  • Shawna Phipps

    ADMIN ASSIST

    Total calculated
    $124,844
    From this org
    $84,941
    From related orgs
    $0
    Other
    $39,903
    Hours/week
    40

  • Sharla Wilkerson

    MEMBER SRVC

    Total calculated
    $105,669
    From this org
    $82,660
    From related orgs
    $0
    Other
    $23,009
    Hours/week
    40

  • Charles Webb

    MEMBER OF BO

    Total calculated
    $6,050
    From this org
    $6,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Charlie Lathrop

    MEMBER OF BO

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Karl Morey

    MEMBER OF BO

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kevin Taffner

    MEMBER OF BO

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • David Stump

    MEMBER OF BO

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenny Owen

    BOARD PRESID

    Total calculated
    $4,250
    From this org
    $4,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jerry Marti

    VICE PRESIDE

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Matt Schlichting

    MEMBER OF BO

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chris Roth

    MEMBER OF BO

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas Williams

    BOARD SEC/TR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2023
Filed
15 July 2024
IRS schema version
2023v5.0
Source object
202442189349300219

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