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Nonprofiteer
← CHARLES MIX ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by CHARLES MIX ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$4,827,550
Total expenses
$5,065,862
Contributions and grants received
$1,166
Grants paid
$2,570
Program service revenue
$0
Investment income
$52,611
Other revenue
$4,773,773
Total assets, end of year
$35,969,664
Total liabilities, end of year
$23,747,532
Net assets or fund balances, end of year
$12,222,132
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.

  • 1e · Government grants (contributions)

    $1,166

  • 3 · Investment income

    total $46,540 · unrelated business $0 · excluded $46,540

  • 6a · Gross rents

    personal property $525

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $525

  • 6d · Net rental income or loss

    total $525 · excluded $525

  • 7a · Gross sales of assets other than inventory

    other assets $6,071

  • 7c · Gain or loss

    other assets $6,071

  • 7d · Net gain or loss

    total $6,071 · related or exempt $0 · unrelated business $0 · excluded $6,071

  • 10a · Gross sales of inventory

    $8,636,540

  • 10b · Cost of goods sold

    $4,289,474

  • 10c · Net income from sales of inventory

    total $4,347,066 · related or exempt $4,338,640 · excluded $8,426

  • 11d · All other revenue

    total $426,182 · related or exempt $424,063 · unrelated business $0 · excluded $2,119

  • 11e · Other revenue, total

    $426,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,320 · program services $0

  • 2 · Grants to domestic individuals

    total $250 · program services $0

  • 4 · Benefits paid to or for members

    total $584,295 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $308,439 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $616,266 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $332,077 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $364,506 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $70,230 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $14,124 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $28,791 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $81,277 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $6,065 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $134,805 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $77,548 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $59,411 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $762,778 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,093,236 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $44,205 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $329,101 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: GROSS RECEIPTS TAX

    total $103,547 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES

    total $49,186 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: BAD DEBT ENERGY

    total $1,200 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,205 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,197 · end of year $3,256

  • 2 · Savings and temporary cash investments

    beginning of year $629,568 · end of year $518,273

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $73,132 · end of year $38,635

  • 8 · Inventories for sale or use

    beginning of year $842,798 · end of year $841,306

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,393 · end of year $71,579

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

    $39,679,081

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

    $11,781,850

  • 10c · Land, buildings and equipment, net

    beginning of year $27,156,479 · end of year $27,897,231

  • 13 · Investments: program-related

    beginning of year $5,664,066 · end of year $5,858,774

  • 15 · Other assets

    beginning of year $976,291 · end of year $740,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $811,138 · end of year $924,070

  • 19 · Deferred revenue

    beginning of year $113,465 · end of year $181,686

  • 23 · Secured mortgages and notes payable

    beginning of year $22,046,483 · end of year $22,579,378

  • 25 · Other liabilities

    beginning of year $65,497 · end of year $62,398

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

    beginning of year $1,021,822 · end of year $1,108,250

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,352,519 · end of year $11,113,882

Mission and programs · 2024

Mission

TO SERVE THE BEST INTERESTS OF OUR MEMBERS

  • SALE OF ELECTRICITY TO 1857 MEMBERS PUBLISH AND DISTRIBUTE NEWSLETTER TO MEMBERS

As filed on the 2024 return.

Listed in Part VII

  • Russell Gall

    GENERAL MANAGER

    Total calculated
    $256,689
    From this org
    $162,827
    From related orgs
    $0
    Other
    $93,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,827
    Bonus
    $0
    Other
    $0
    Deferred
    $51,441
    Nontaxable benefits
    $42,421
    Filer's total
    $256,689

  • Chad Loeffler

    SUPERINTENDENT

    Total calculated
    $166,578
    From this org
    $113,463
    From related orgs
    $0
    Other
    $53,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,463
    Bonus
    $0
    Other
    $0
    Deferred
    $34,294
    Nontaxable benefits
    $18,821
    Filer's total
    $166,578

  • Michael Dangel

    MEMBER SERVICES

    Total calculated
    $176,459
    From this org
    $103,360
    From related orgs
    $0
    Other
    $73,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,220
    Bonus
    $0
    Other
    $2,140
    Deferred
    $33,662
    Nontaxable benefits
    $39,437
    Filer's total
    $176,459

  • Sam Schuman

    VICE PRESIDENT

    Total calculated
    $9,350
    From this org
    $9,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Donald R Krcil

    SECRETARY

    Total calculated
    $8,025
    From this org
    $8,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brice Bultje

    DIRECTOR

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Denise Soukup

    DIRECTOR

    Total calculated
    $7,425
    From this org
    $7,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Todd Link

    DIRECTOR

    Total calculated
    $6,875
    From this org
    $6,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Richard D Dvorak

    PRESIDENT

    Total calculated
    $6,325
    From this org
    $6,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ron Samuelson

    DIRECTOR

    Total calculated
    $6,050
    From this org
    $6,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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

None.

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
2024
Filed
25 April 2025
IRS schema version
2024v5.1
Source object
202511159349301981

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