Totals
- Total revenue
- $57,995,331
- Total expenses
- $57,995,331
- Contributions and grants received
- $0
- Grants paid
- $18,000
- Program service revenue
- $55,835,616
- Investment income
- $36,462
- Other revenue
- $2,123,253
- Total assets, end of year
- $148,063,694
- Total liabilities, end of year
- $78,553,887
- Net assets or fund balances, end of year
- $69,509,807
- Program services expenses (Part IX)
- $57,995,331
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $57,995,331
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: ELECTRIC SERVICE REVENUE
total $55,835,616 · related or exempt $55,835,616
-
3 · Investment income
total $36,462 · excluded $36,462
-
11a · Other revenue: JOINT USE ATTACHMENTS
total $734,971 · excluded $734,971
-
11b · Other revenue: G&T CAPITAL CREDITS
total $713,178 · related or exempt $713,178
-
11c · Other revenue: SUBSIDIARY INCOME
total $488,910 · unrelated business $488,910
-
11d · All other revenue
total $186,194 · related or exempt $156,366 · excluded $29,828
-
11e · Other revenue, total
$2,123,253
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $18,000 · program services $18,000
-
4 · Benefits paid to or for members
total $83,890 · program services $83,890
-
5 · Compensation of officers, directors and key employees
total $464,423 · program services $464,423
-
6 · Compensation of disqualified persons
total $4,395,890 · program services $4,395,890
-
8 · Pension plan contributions
total $829,853 · program services $829,853
-
9 · Other employee benefits
total $895,822 · program services $895,822
-
10 · Payroll taxes
total $359,297 · program services $359,297
-
11b · Fees: legal
total $54,617 · program services $54,617
-
11c · Fees: accounting
total $32,975 · program services $32,975
-
13 · Office expenses
total $255,116 · program services $255,116
-
20 · Interest
total $2,040,301 · program services $2,040,301
-
22 · Depreciation, depletion and amortization
total $6,097,440 · program services $6,097,440
-
23 · Insurance
total $220,072 · program services $220,072
-
24a · Other expenses: UBIT
total $194,949 · program services $194,949
-
24b · Other expenses: COST OF POWER
total $38,740,852 · program services $38,740,852
-
24c · Other expenses: DISTRIBUTION - MAINTENA
total $4,924,781 · program services $4,924,781
-
24d · Other expenses: DISTRIBUTION - OPERATIO
total $2,421,724 · program services $2,421,724
-
24e · All other expenses
total -$4,034,671 · program services -$4,034,671
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $757,401 · end of year $137,939
-
4 · Accounts receivable
beginning of year $3,251,224 · end of year $2,636,077
-
8 · Inventories for sale or use
beginning of year $1,026,020 · end of year $1,470,855
-
9 · Prepaid expenses and deferred charges
beginning of year $148,535 · end of year $109,763
-
10a · Land, buildings and equipment: cost or other basis
$157,987,780
-
10b · Land, buildings and equipment: accumulated depreciation
$53,664,917
-
10c · Land, buildings and equipment, net
beginning of year $99,656,241 · end of year $104,322,863
-
13 · Investments: program-related
beginning of year $36,672,193 · end of year $37,954,880
-
15 · Other assets
beginning of year $1,764,747 · end of year $1,431,317
-
17 · Accounts payable and accrued expenses
beginning of year $664,762 · end of year $988,976
-
23 · Secured mortgages and notes payable
beginning of year $62,214,595 · end of year $65,111,153
-
25 · Other liabilities
beginning of year $10,276,262 · end of year $12,453,758
-
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 -$1,674,984 · end of year -$1,673,355
-
31 · Retained earnings, endowment or other funds
beginning of year $71,795,726 · end of year $71,183,162
Mission and programs · 2023
Mission
PROVIDE DISTRIBUTION ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS.
-
PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 27,848 EACH MONTH TO MEMBER OWNERS ON A PATRONAGE BASIS.
Expenses $57,995,331 · Grants $18,000 · Revenue $56,705,160
As filed on the 2023 return.
Listed in Part VII
-
William P ShearerWILLIAM P SHEARER
CHAIRMAN - RETIRED
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Steve HaleSTEVE HALE
CHAIRMAN
- Total calculated
- $15,381
- From this org
- $15,381
- From related orgs
- $0
- Other
- $0
- Hours/week
- 11
-
Oh CaudillOH CAUDILL
VICE CHAIRMAN
- Total calculated
- $29,184
- From this org
- $29,184
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Walter BallardWALTER BALLARD
DIRECTOR
- Total calculated
- $15,711
- From this org
- $15,711
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Allen PatrickALLEN PATRICK
ASST. SECRETARY/TREASURER
- Total calculated
- $18,835
- From this org
- $18,835
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Dewey HollonDEWEY HOLLON
DIRECTOR
- Total calculated
- $12,300
- From this org
- $12,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Linville Gale MeansLINVILLE GALE MEANS
DIRECTOR
- Total calculated
- $30,689
- From this org
- $30,689
- From related orgs
- $0
- Other
- $0
- Hours/week
- 14
-
Robert RussellROBERT RUSSELL
SECRETARY/TREASURER
- Total calculated
- $26,151
- From this org
- $26,151
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
James WellsJAMES WELLS
DIRECTOR - DECEASED
- Total calculated
- $7,784
- From this org
- $7,784
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Mary ShearerMARY SHEARER
DIRECTOR
- Total calculated
- $13,432
- From this org
- $13,432
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Everett CurryEVERETT CURRY
DIRECTOR
- Total calculated
- $11,211
- From this org
- $11,211
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Robert BrewerROBERT BREWER
PRESIDENT/CEO
- Total calculated
- $289,694
- From this org
- $277,745
- From related orgs
- $0
- Other
- $11,949
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,745
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,949
- Filer's total
- $289,694
-
C Philip BlytheC PHILIP BLYTHE
VP OPERATIONS
- Total calculated
- $187,916
- From this org
- $138,649
- From related orgs
- $0
- Other
- $49,267
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,649
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $49,267
- Filer's total
- $187,916
-
Raymond Todd PeytonRAYMOND TODD PEYTON
VP ENGINEERING
- Total calculated
- $148,837
- From this org
- $133,356
- From related orgs
- $0
- Other
- $15,481
- Hours/week
- 40
-
Brian FrasureBRIAN FRASURE
VP FINANCE
- Total calculated
- $172,388
- From this org
- $130,401
- From related orgs
- $0
- Other
- $41,987
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,401
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $41,987
- Filer's total
- $172,388
-
Chad ClineCHAD CLINE
DISTRICT FOREMAN
- Total calculated
- $169,723
- From this org
- $124,626
- From related orgs
- $0
- Other
- $45,097
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $124,626
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $45,097
- Filer's total
- $169,723
-
Thomas NapierTHOMAS NAPIER
SERVICEMAN
- Total calculated
- $175,995
- From this org
- $136,310
- From related orgs
- $0
- Other
- $39,685
- Hours/week
- 53
Schedule J breakdown matched by us
- Base
- $136,310
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $39,685
- Filer's total
- $175,995
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 committee
- 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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CLARK ENERGY PROPANE PLUS LLC
RETAIL SALES OF PROPANE GAS · KY · income $488,910 · assets $4,639,674
Directly controlled by CLARK ENERGY COOPERATIVE CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401639349301755
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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