Skip to content
Nonprofiteer
← DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC

Form 990 for tax year 2022

Filed by DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC.

Totals

Total revenue
$120,456,230
Total expenses
$120,456,230
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$119,983,921
Investment income
$295,781
Other revenue
$176,528
Total assets, end of year
$265,824,939
Total liabilities, end of year
$157,476,434
Net assets or fund balances, end of year
$108,348,505
Program services expenses (Part IX)
$120,456,230
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: SALE OF ELECTRICITY/FEES

    total $114,735,229 · related or exempt $114,735,229

  • 2b · Program service revenue: TRANSMISSION REVENUES

    total $2,854,049 · related or exempt $2,854,049

  • 2c · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $2,394,643 · related or exempt $2,394,643

  • 3 · Investment income

    total $138,125 · excluded $138,125

  • 7a · Gross sales of assets other than inventory

    other assets $172,602

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

    other assets $14,946

  • 7c · Gain or loss

    other assets $157,656

  • 7d · Net gain or loss

    total $157,656 · related or exempt $157,656

  • 10a · Gross sales of inventory

    $50,624

  • 10c · Net income from sales of inventory

    total $50,624 · excluded $50,624

  • 11a · Other revenue: QUALIFIED POLE RENTAL INC

    total $89,071 · excluded $89,071

  • 11b · Other revenue: OIL AND GAS ROYALTY INCOME

    total $36,833 · excluded $36,833

  • 11e · Other revenue, total

    $125,904

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,082,493 · program services $4,082,493

  • 5 · Compensation of officers, directors and key employees

    total $770,562 · program services $770,562

  • 20 · Interest

    total $4,366,464 · program services $4,366,464

  • 22 · Depreciation, depletion and amortization

    total $7,701,129 · program services $7,701,129

  • 24a · Other expenses: POWER COST

    total $86,041,630 · program services $86,041,630

  • 24b · Other expenses: DISTRIBUTION - MAINT

    total $7,112,268 · program services $7,112,268

  • 24c · Other expenses: DISTRIBUTION - OPERATIONS

    total $3,687,552 · program services $3,687,552

  • 24d · Other expenses: ADMIN

    total $2,955,389 · program services $2,955,389

  • 24e · All other expenses

    total $3,738,743 · program services $3,738,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,821,682 · end of year $2,487,321

  • 2 · Savings and temporary cash investments

    beginning of year $982,300 · end of year $961,446

  • 4 · Accounts receivable

    beginning of year $9,052,528 · end of year $13,882,327

  • 7 · Other notes and loans receivable

    beginning of year $3,510 · end of year $16,384

  • 8 · Inventories for sale or use

    beginning of year $1,986,494 · end of year $2,971,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,212,729 · end of year $4,510,030

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

    $280,781,494

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

    $85,179,371

  • 10c · Land, buildings and equipment, net

    beginning of year $192,087,302 · end of year $195,602,123

  • 12 · Investments: other securities

    beginning of year $1,753,098 · end of year $1,734,370

  • 13 · Investments: program-related

    beginning of year $41,363,891 · end of year $43,638,568

  • 15 · Other assets

    beginning of year $20,258 · end of year $21,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,015,312 · end of year $18,235,030

  • 23 · Secured mortgages and notes payable

    beginning of year $133,690,900 · end of year $135,640,719

  • 25 · Other liabilities

    beginning of year $4,060,281 · end of year $3,600,685

  • 31 · Retained earnings, endowment or other funds

    beginning of year $105,517,299 · end of year $108,348,505

Mission and programs · 2022

Mission

DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS.

  • DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS.

As filed on the 2022 return.

Listed in Part VII

  • William A Speights

    PRESIDENT

    Total calculated
    $20,317
    From this org
    $20,317
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.1

  • Micha Miller

    VICE-PRESIDE

    Total calculated
    $19,265
    From this org
    $19,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ronnie Greer

    SECRETARY/TR

    Total calculated
    $18,717
    From this org
    $18,717
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Bryan Wood

    GENERAL MANA

    Total calculated
    $377,635
    From this org
    $292,281
    From related orgs
    $0
    Other
    $85,354
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $276,549
    Bonus
    $11,192
    Other
    $4,540
    Deferred
    $65,275
    Nontaxable benefits
    $20,079
    Filer's total
    $377,635

  • Gina Evett

    ADMIN DIRECT

    Total calculated
    $189,902
    From this org
    $142,086
    From related orgs
    $0
    Other
    $47,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,222
    Bonus
    $6,360
    Other
    $1,504
    Deferred
    $34,553
    Nontaxable benefits
    $13,263
    Filer's total
    $189,902

  • Serica Wilkins

    DIRECTOR

    Total calculated
    $18,265
    From this org
    $18,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jp Dobbs Jr

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $16,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gregory P Grigsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael G Lee

    DIRECTOR

    Total calculated
    $18,265
    From this org
    $18,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Paul S Alexander

    DIRECTOR

    Total calculated
    $17,140
    From this org
    $17,140
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Joe B Wooten

    DIRECTOR

    Total calculated
    $18,119
    From this org
    $18,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John H Childs

    DIRECTOR

    Total calculated
    $19,739
    From this org
    $19,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • Angela Kerr Smart

    DIRECTOR

    Total calculated
    $18,732
    From this org
    $18,732
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Bennis P Steptoe

    DIRECTOR

    Total calculated
    $18,165
    From this org
    $18,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Kelly Parker

    DIRECTOR OF

    Total calculated
    $209,071
    From this org
    $153,053
    From related orgs
    $0
    Other
    $56,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,188
    Bonus
    $6,550
    Other
    $1,315
    Deferred
    $35,714
    Nontaxable benefits
    $20,304
    Filer's total
    $209,071

  • Jessie Morgan

    DIRECTOR OF

    Total calculated
    $210,549
    From this org
    $154,882
    From related orgs
    $0
    Other
    $55,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,417
    Bonus
    $6,504
    Other
    $961
    Deferred
    $35,377
    Nontaxable benefits
    $20,290
    Filer's total
    $210,549

  • Brittany Ford

    DIR OF COMMU

    Total calculated
    $142,034
    From this org
    $113,626
    From related orgs
    $0
    Other
    $28,408
    Hours/week
    40

  • Charles C Bennefield

    AREA SVC TEC

    Total calculated
    $178,038
    From this org
    $139,632
    From related orgs
    $0
    Other
    $38,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,990
    Bonus
    $4,090
    Other
    $552
    Deferred
    $18,274
    Nontaxable benefits
    $20,132
    Filer's total
    $178,038

  • Charles L Carrell

    LINE SUPERIN

    Total calculated
    $140,666
    From this org
    $101,033
    From related orgs
    $0
    Other
    $39,633
    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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 July 2023
IRS schema version
2022v5.0
Source object
202301989349302450

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.