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Nonprofiteer
← CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$53,770,766
Total expenses
$53,172,704
Contributions and grants received
$0
Grants paid
$197,356
Program service revenue
$52,159,944
Investment income
$302,819
Other revenue
$1,308,003
Total assets, end of year
$132,907,589
Total liabilities, end of year
$75,225,018
Net assets or fund balances, end of year
$57,682,571
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: SALE AND DIST. OF ELECTRIC

    total $50,426,727 · related or exempt $50,426,727

  • 2b · Program service revenue: CONT. IN AID OF CONST.

    total $1,547,843 · related or exempt $1,547,843

  • 2c · Program service revenue: CASH PATRONAGE RECEIVED

    total $185,374 · related or exempt $185,374

  • 3 · Investment income

    total $277,102 · excluded $277,102

  • 6a · Gross rents

    personal property $1,306,058

  • 6c · Rental income or loss

    personal property $1,306,058

  • 6d · Net rental income or loss

    total $1,306,058 · excluded $1,306,058

  • 7a · Gross sales of assets other than inventory

    other assets $25,717

  • 7c · Gain or loss

    other assets $25,717

  • 7d · Net gain or loss

    total $25,717 · excluded $25,717

  • 11a · Other revenue: OTHER INCOME

    total $3,991 · related or exempt $3,991

  • 11b · Other revenue: EARNINGS FROM EQ. INV.

    total -$2,046 · related or exempt -$2,046

  • 11e · Other revenue, total

    $1,945

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000

  • 2 · Grants to domestic individuals

    total $177,356

  • 4 · Benefits paid to or for members

    total $2,980,837

  • 5 · Compensation of officers, directors and key employees

    total $1,120,738

  • 7 · Other salaries and wages

    total $6,397,117

  • 8 · Pension plan contributions

    total $1,486,780

  • 9 · Other employee benefits

    total -$558,112

  • 10 · Payroll taxes

    total $569,572

  • 11b · Fees: legal

    total $28,859

  • 17 · Travel

    total $1,491,458

  • 19 · Conferences, conventions and meetings

    total $86,445

  • 20 · Interest

    total $2,018,654

  • 22 · Depreciation, depletion and amortization

    total $5,176,089

  • 24a · Other expenses: COST OF POWER

    total $26,980,855

  • 24b · Other expenses: DISTRIBUTION OPS & MAINT

    total $5,934,240

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,998,754

  • 24d · Other expenses: CONSUMER ACCT & CUST SERV

    total $723,487

  • 24e · All other expenses

    total -$3,460,425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,130,423 · end of year $2,269,314

  • 2 · Savings and temporary cash investments

    beginning of year $5,659,407 · end of year $2,705,420

  • 4 · Accounts receivable

    beginning of year $6,230,441 · end of year $6,752,245

  • 8 · Inventories for sale or use

    beginning of year $1,980,815 · end of year $2,437,398

  • 9 · Prepaid expenses and deferred charges

    beginning of year $508,994 · end of year $414,419

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

    $162,611,071

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

    $62,750,319

  • 10c · Land, buildings and equipment, net

    beginning of year $96,693,273 · end of year $99,860,752

  • 13 · Investments: program-related

    beginning of year $18,260,398 · end of year $18,468,041

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,024,865 · end of year $4,410,846

  • 23 · Secured mortgages and notes payable

    beginning of year $63,883,755 · end of year $63,976,699

  • 25 · Other liabilities

    beginning of year $6,361,006 · end of year $6,837,473

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

    beginning of year $16,273,667 · end of year $16,968,536

  • 31 · Retained earnings, endowment or other funds

    beginning of year $40,920,458 · end of year $40,714,035

Mission and programs · 2025

Mission

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.

Activities or mission (Part I)

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA.

  • PROVIDSION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER: 26,980,855 OTHER SALARIES AND WAGES: 6,397,117 DISTRIBUTION OPERATION AND MAINTENANCE: 5,934,240

  • PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Boshaw

    CEO/GENERAL

    Total calculated
    $422,487
    From this org
    $308,049
    From related orgs
    $0
    Other
    $114,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,944
    Bonus
    not reported
    Other
    $12,105
    Deferred
    $83,041
    Nontaxable benefits
    $31,397
    Filer's total
    $422,487

  • Fred Terwilliger

    ASSISTANT GM

    Total calculated
    $322,490
    From this org
    $234,809
    From related orgs
    $0
    Other
    $87,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,500
    Bonus
    not reported
    Other
    $11,309
    Deferred
    $61,756
    Nontaxable benefits
    $25,925
    Filer's total
    $322,490

  • Christopher W Kossman

    DIRECTOR OF

    Total calculated
    $260,477
    From this org
    $180,956
    From related orgs
    $0
    Other
    $79,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,396
    Bonus
    not reported
    Other
    $560
    Deferred
    $50,081
    Nontaxable benefits
    $29,440
    Filer's total
    $260,477

  • Chester Conti

    CFO

    Total calculated
    $253,316
    From this org
    $179,663
    From related orgs
    $0
    Other
    $73,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,262
    Bonus
    not reported
    Other
    $2,401
    Deferred
    $49,112
    Nontaxable benefits
    $24,541
    Filer's total
    $253,316

  • Lisa A Hoover

    DIRECTOR OF

    Total calculated
    $248,981
    From this org
    $176,471
    From related orgs
    $0
    Other
    $72,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,112
    Bonus
    not reported
    Other
    $2,359
    Deferred
    $48,369
    Nontaxable benefits
    $24,141
    Filer's total
    $248,981

  • Nicholas R Albert

    LINEMAN

    Total calculated
    $200,439
    From this org
    $146,617
    From related orgs
    $0
    Other
    $53,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,416
    Bonus
    not reported
    Other
    $201
    Deferred
    $26,057
    Nontaxable benefits
    $27,765
    Filer's total
    $200,439

  • Chad Jack

    LINEMAN

    Total calculated
    $200,169
    From this org
    $160,763
    From related orgs
    $0
    Other
    $39,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,561
    Bonus
    not reported
    Other
    $202
    Deferred
    $26,071
    Nontaxable benefits
    $13,335
    Filer's total
    $200,169

  • Richard E Vensel

    LINEMAN

    Total calculated
    $199,990
    From this org
    $146,676
    From related orgs
    $0
    Other
    $53,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,483
    Bonus
    not reported
    Other
    $193
    Deferred
    $25,259
    Nontaxable benefits
    $28,055
    Filer's total
    $199,990

  • Althea Smith

    SECRETARY/TR

    Total calculated
    $18,563
    From this org
    $18,563
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jody P Weaver

    PRESIDENT

    Total calculated
    $17,112
    From this org
    $17,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Nancy D Lendyak

    DIRECTOR

    Total calculated
    $16,262
    From this org
    $16,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert W Smith

    DIRECTOR

    Total calculated
    $15,453
    From this org
    $15,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Richard L Weaver

    DIRECTOR

    Total calculated
    $14,919
    From this org
    $14,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kenneth D Durrett

    VICE PRESIDE

    Total calculated
    $13,719
    From this org
    $13,719
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jared McFarland

    DIRECTOR

    Total calculated
    $13,166
    From this org
    $13,166
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenneth D Etzel

    DIRECTOR

    Total calculated
    $7,942
    From this org
    $7,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dana Kellogg

    DIRECTOR

    Total calculated
    $5,309
    From this org
    $5,309
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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 · 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.

  • CENTRAL ELECTRIC SERVICES CORPORATI

    INTERNET · PA

Provenance

Return type
form_990
Tax year
2025
Filed
1 September 2026
IRS schema version
2025v4.0
Source object
202602089349300415

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