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Nonprofiteer
← CONSOLIDATED ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by CONSOLIDATED ELECTRIC COOPERATIVE.

Totals

Total revenue
$25,940,298
Total expenses
$25,459,193
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,743,337
Investment income
$196,961
Other revenue
$0
Total assets, end of year
$68,636,077
Total liabilities, end of year
$38,294,763
Net assets or fund balances, end of year
$30,341,314
Program services expenses (Part IX)
$25,459,193
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,459,193

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 Electric Energy

    total $25,224,156 · related or exempt $25,224,156

  • 2b · Program service revenue: Capital Credits Rec'd

    total $439,729 · related or exempt $439,729

  • 2c · Program service revenue: Other Electric Revenues

    total $79,452 · related or exempt $79,452

  • 3 · Investment income

    total $110,757 · related or exempt $110,757

  • 7a · Gross sales of assets other than inventory

    other assets $138,085

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

    other assets $51,881

  • 7c · Gain or loss

    other assets $86,204

  • 7d · Net gain or loss

    total $86,204 · related or exempt $86,204

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,360,576 · program services $1,360,576

  • 5 · Compensation of officers, directors and key employees

    total $502,537 · program services $502,537

  • 20 · Interest

    total $944,895 · program services $944,895

  • 22 · Depreciation, depletion and amortization

    total $2,080,639 · program services $2,080,639

  • 24a · Other expenses: Purchased Power Supply

    total $14,907,467 · program services $14,907,467

  • 24b · Other expenses: Distribution Expense-Ma

    total $2,276,997 · program services $2,276,997

  • 24c · Other expenses: Distribution Expense-Op

    total $1,616,456 · program services $1,616,456

  • 24d · Other expenses: Administrative & Genera

    total $1,229,913 · program services $1,229,913

  • 24e · All other expenses

    total $539,713 · program services $539,713

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,668 · end of year $217,659

  • 2 · Savings and temporary cash investments

    beginning of year $5,055,035 · end of year $4,433,734

  • 4 · Accounts receivable

    beginning of year $2,693,218 · end of year $2,763,016

  • 8 · Inventories for sale or use

    beginning of year $788,180 · end of year $1,089,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,404 · end of year $88,917

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

    $64,759,270

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

    $19,621,543

  • 10c · Land, buildings and equipment, net

    beginning of year $43,645,587 · end of year $45,137,727

  • 12 · Investments: other securities

    beginning of year $1,793 · end of year $1,793

  • 13 · Investments: program-related

    beginning of year $15,011,081 · end of year $14,890,430

  • 15 · Other assets

    beginning of year $45,738 · end of year $13,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,094,160 · end of year $2,455,791

  • 19 · Deferred revenue

    beginning of year $800,000 · end of year $500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $33,530,012 · end of year $33,866,695

  • 24 · Unsecured notes and loans payable

    beginning of year $60,889 · end of year $10,222

  • 25 · Other liabilities

    beginning of year $1,528,577 · end of year $1,462,055

  • 29 · Capital stock, trust principal or current funds

    beginning of year $145,510 · end of year $146,015

  • 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 $29,354,556 · end of year $30,195,299

Mission and programs · 2022

Mission

To provide its member-owners with quality, reliable electric and related services consistent with sound business practices on a cooperative basis

Activities or mission (Part I)

Provide member-owners with quality, reliable electric and related services consistent with sound business practices

  • The Cooperative distributes electric energy to rural consumer/members in eight counties with approximately 6,528 members. The Cooperative will continue to maintain and upgrade electric lines to provide reliable electric service on a cooperative basis.

    Expenses $25,459,193 · Revenue $25,940,298

As filed on the 2022 return.

Listed in Part VII

  • Lynn Thompson

    General Manager

    Total calculated
    $303,190
    From this org
    $221,583
    From related orgs
    $0
    Other
    $81,607
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $216,874
    Bonus
    $0
    Other
    $4,709
    Deferred
    $57,175
    Nontaxable benefits
    $24,432
    Filer's total
    $303,190

  • Carl Aulbur

    Operations Superintendent

    Total calculated
    $162,291
    From this org
    $142,697
    From related orgs
    $0
    Other
    $19,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,408
    Bonus
    $0
    Other
    $7,289
    Deferred
    $7,295
    Nontaxable benefits
    $12,299
    Filer's total
    $162,291

  • M Troy Crum

    Operations Coordinator

    Total calculated
    $203,443
    From this org
    $138,011
    From related orgs
    $0
    Other
    $65,432
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $136,671
    Bonus
    $0
    Other
    $1,340
    Deferred
    $41,014
    Nontaxable benefits
    $24,418
    Filer's total
    $203,443

  • Melanie Oetting

    Mgr Admin Services

    Total calculated
    $186,338
    From this org
    $124,023
    From related orgs
    $0
    Other
    $62,315
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $122,767
    Bonus
    $0
    Other
    $1,256
    Deferred
    $39,434
    Nontaxable benefits
    $22,881
    Filer's total
    $186,338

  • Steven Tiller

    Working Forman

    Total calculated
    $159,663
    From this org
    $122,699
    From related orgs
    $0
    Other
    $36,964
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $117,936
    Bonus
    $0
    Other
    $4,763
    Deferred
    $13,335
    Nontaxable benefits
    $23,629
    Filer's total
    $159,663

  • Christa Baumhoer

    Mgr of Finance & Accountin

    Total calculated
    $182,539
    From this org
    $114,631
    From related orgs
    $0
    Other
    $67,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,113
    Bonus
    $0
    Other
    $518
    Deferred
    $45,249
    Nontaxable benefits
    $22,659
    Filer's total
    $182,539

  • Paul Johannaber

    Lineman

    Total calculated
    $144,424
    From this org
    $109,353
    From related orgs
    $0
    Other
    $35,071
    Hours/week
    45

  • Shera L Dameron

    Secretary

    Total calculated
    $8,951
    From this org
    $8,951
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William Deichman

    Director

    Total calculated
    $7,151
    From this org
    $7,151
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James M Ebbesmeyer

    President

    Total calculated
    $5,751
    From this org
    $5,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William H Sonwalt

    Director

    Total calculated
    $5,051
    From this org
    $5,051
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mike A VanMaanen

    Vice-President

    Total calculated
    $4,851
    From this org
    $4,851
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Russell L Thomas

    Treasurer

    Total calculated
    $4,651
    From this org
    $4,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nancy Cobb

    Director

    Total calculated
    $4,651
    From this org
    $4,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dale E Hopke

    Director

    Total calculated
    $3,001
    From this org
    $3,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Patty Fisher

    Director

    Total calculated
    $1,550
    From this org
    $1,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Curtis

    Director

    Total calculated
    $6,651
    From this org
    $6,651
    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

  • 3 · Compensation committee
  • 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.

Related corporations and trusts

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

  • Consolidated Electric Service Company

    C · Energy Distribution · MO · 100% owned · share of assets $793

  • Consolidated Enterprises Inc

    C · Economic Development · MO · 100% owned · share of assets $1,000

Provenance

Return type
form_990
Tax year
2022
Filed
19 June 2023
IRS schema version
2022v5.0
Source object
202321829349300502

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