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Nonprofiteer
← UNITED ELECTRIC CO-OP INC

Form 990 for tax year 2022

Filed by UNITED ELECTRIC CO-OP INC.

Totals

Total revenue
$22,126,425
Total expenses
$22,126,425
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,783,340
Investment income
$268,723
Other revenue
$74,362
Total assets, end of year
$27,141,492
Total liabilities, end of year
$6,849,250
Net assets or fund balances, end of year
$20,292,242
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: SALES OF ELECTRICITY

    total $20,739,078 · related or exempt $20,739,078

  • 2b · Program service revenue: OTHER OPERATING REV

    total $1,044,262 · related or exempt $1,044,262

  • 3 · Investment income

    total $40,287 · excluded $40,287

  • 6a · Gross rents

    personal property $19,642

  • 6c · Rental income or loss

    personal property $19,642

  • 6d · Net rental income or loss

    total $19,642 · related or exempt $19,642

  • 7a · Gross sales of assets other than inventory

    other assets $491,335

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

    other assets $262,899

  • 7c · Gain or loss

    other assets $228,436

  • 7d · Net gain or loss

    total $228,436 · related or exempt $228,436

  • 11a · Other revenue: NON-OPERATING INCOME

    total $54,720 · related or exempt $54,720

  • 11e · Other revenue, total

    $54,720

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,670,830

  • 5 · Compensation of officers, directors and key employees

    total $522,716

  • 7 · Other salaries and wages

    total $1,998,787

  • 8 · Pension plan contributions

    total $446,501

  • 9 · Other employee benefits

    total $589,371

  • 10 · Payroll taxes

    total $174,770

  • 11b · Fees: legal

    total $25,657

  • 11c · Fees: accounting

    total $12,995

  • 12 · Advertising and promotion

    total $4,541

  • 13 · Office expenses

    total $207,402

  • 16 · Occupancy

    total $47,774

  • 17 · Travel

    total $61,735

  • 19 · Conferences, conventions and meetings

    total $74,282

  • 20 · Interest

    total $190,004

  • 22 · Depreciation, depletion and amortization

    total $1,672,220

  • 23 · Insurance

    total $79,942

  • 24a · Other expenses: COST OF POWER

    total $12,956,805 · program services $12,956,805

  • 24b · Other expenses: DISTRIBUTION - OPERATIONS

    total $621,207 · program services $621,207

  • 24c · Other expenses: DISTRIBUTION - MAINTENANCE

    total $1,812,101 · program services $1,812,101

  • 24d · Other expenses: CUSTOMER ACCOUNTS & SERVICES

    total $327,740 · program services $327,740

  • 24e · All other expenses

    total -$1,370,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,817,371 · end of year $3,393,034

  • 4 · Accounts receivable

    beginning of year $1,599,347 · end of year $1,240,744

  • 8 · Inventories for sale or use

    beginning of year $760,097 · end of year $1,406,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $293,264 · end of year $169,146

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

    $51,340,098

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

    $30,820,795

  • 10c · Land, buildings and equipment, net

    beginning of year $18,525,450 · end of year $20,519,303

  • 15 · Other assets

    beginning of year $393,770 · end of year $413,110

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,784,944 · end of year $1,862,243

  • 19 · Deferred revenue

    beginning of year $652,682 · end of year $644,034

  • 23 · Secured mortgages and notes payable

    beginning of year $1,571,105 · end of year $4,266,973

  • 25 · Other liabilities

    beginning of year $244,931 · end of year $76,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $483,180 · end of year $490,660

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

    beginning of year $18,033,434 · end of year $19,116,700

  • 31 · Retained earnings, endowment or other funds

    beginning of year $619,023 · end of year $684,882

Mission and programs · 2022

Mission

ELECTRIC ENERGY SALES TO PATRONS

  • ELECTRIC ENERGY SALES AND MAINTENANCE TO 7,322 ACTIVE SERVICES FOR 4,900 MEMBERS. THE COOPERATIVE PURCHASED 373,859,857 KWH OF ELECTRICITY.

As filed on the 2022 return.

Listed in Part VII

  • Michael Darrington

    GENERAL MANAGER

    Total calculated
    $238,464
    From this org
    $176,754
    From related orgs
    $0
    Other
    $61,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,754
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,862
    Nontaxable benefits
    $28,848
    Filer's total
    $238,464

  • Trevor Parke

    ENGINEERING & OPERATIONS MANA

    Total calculated
    $205,922
    From this org
    $142,240
    From related orgs
    $0
    Other
    $63,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,240
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,898
    Nontaxable benefits
    $23,784
    Filer's total
    $205,922

  • Frank A Matthews

    LINE FOREMAN

    Total calculated
    $185,321
    From this org
    $123,726
    From related orgs
    $0
    Other
    $61,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,726
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,247
    Nontaxable benefits
    $29,348
    Filer's total
    $185,321

  • Ace Jones

    LINEMAN

    Total calculated
    $175,891
    From this org
    $127,264
    From related orgs
    $0
    Other
    $48,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,264
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,779
    Nontaxable benefits
    $28,848
    Filer's total
    $175,891

  • Charles Fleming

    WORKING FOREMAN

    Total calculated
    $173,732
    From this org
    $122,270
    From related orgs
    $0
    Other
    $51,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,270
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,900
    Nontaxable benefits
    $22,562
    Filer's total
    $173,732

  • Blair Burkman

    LINEMAN

    Total calculated
    $173,184
    From this org
    $125,830
    From related orgs
    $0
    Other
    $47,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,830
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,506
    Nontaxable benefits
    $28,848
    Filer's total
    $173,184

  • Carla Beck

    ACCOUNTANT

    Total calculated
    $158,739
    From this org
    $100,011
    From related orgs
    $0
    Other
    $58,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,011
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,580
    Nontaxable benefits
    $30,148
    Filer's total
    $158,739

  • David Hruza

    VICE-PRESIDENT

    Total calculated
    $17,725
    From this org
    $17,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Dean Nielsen

    PRESIDENT

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Bruce Beck

    DIRECTOR

    Total calculated
    $15,963
    From this org
    $15,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Phillips

    DIRECTOR

    Total calculated
    $15,700
    From this org
    $15,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • George Toner

    DIRECTOR

    Total calculated
    $15,500
    From this org
    $15,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Cordell Searle

    SECRETARYTREASURER

    Total calculated
    $15,500
    From this org
    $15,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brent Bowen

    DIRECTOR

    Total calculated
    $15,400
    From this org
    $15,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Smith

    DIRECTOR

    Total calculated
    $13,325
    From this org
    $13,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
10 May 2023
IRS schema version
2022v5.0
Source object
202313139349301806

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