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Nonprofiteer
← CENTRAL TEXAS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by CENTRAL TEXAS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$70,828,639
Total expenses
$70,828,639
Contributions and grants received
$0
Grants paid
$40,626
Program service revenue
$69,995,692
Investment income
$289,692
Other revenue
$543,255
Total assets, end of year
$241,941,832
Total liabilities, end of year
$138,549,742
Net assets or fund balances, end of year
$103,392,090
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $68,727,992 · related or exempt $68,727,992

  • 2b · Program service revenue: SERVICE FEES

    total $728,124 · related or exempt $728,124

  • 2c · Program service revenue: PATRONAGE DIVIDENDS

    total $539,576 · related or exempt $539,576

  • 3 · Investment income

    total $285,771 · excluded $285,771

  • 7a · Gross sales of assets other than inventory

    other assets $5,935

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

    other assets $2,014

  • 7c · Gain or loss

    other assets $3,921

  • 7d · Net gain or loss

    total $3,921 · related or exempt $3,921

  • 10a · Gross sales of inventory

    $139,644

  • 10b · Cost of goods sold

    $1,272

  • 10c · Net income from sales of inventory

    total $138,372 · related or exempt $138,372

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $404,883 · excluded $404,883

  • 11e · Other revenue, total

    $404,883

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,626

  • 4 · Benefits paid to or for members

    total $4,291,546

  • 5 · Compensation of officers, directors and key employees

    total $1,380,341

  • 7 · Other salaries and wages

    total $4,829,885

  • 8 · Pension plan contributions

    total $688,172

  • 9 · Other employee benefits

    total $1,232,834

  • 10 · Payroll taxes

    total $364,638

  • 20 · Interest

    total $4,038,032

  • 22 · Depreciation, depletion and amortization

    total $8,451,797

  • 24a · Other expenses: PURCHASED POWER

    total $34,571,173

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $6,147,796

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,677,450

  • 24d · Other expenses: CONSUMER EXPENSE

    total $820,722

  • 24e · All other expenses

    total $2,293,627

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,145,873 · end of year $1,507,206

  • 2 · Savings and temporary cash investments

    beginning of year $20,585,960 · end of year $10,133,863

  • 4 · Accounts receivable

    beginning of year $6,281,177 · end of year $13,678,036

  • 8 · Inventories for sale or use

    beginning of year $3,065,357 · end of year $5,114,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,481,495 · end of year $6,103,033

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

    $286,558,693

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

    $88,088,395

  • 10c · Land, buildings and equipment, net

    beginning of year $198,262,222 · end of year $198,470,298

  • 13 · Investments: program-related

    beginning of year $5,560,327 · end of year $5,897,155

  • 15 · Other assets

    beginning of year $726,266 · end of year $1,037,249

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,479,396 · end of year $8,797,840

  • 19 · Deferred revenue

    beginning of year $8,625,000 · end of year $4,350,000

  • 21 · Escrow or custodial account liability

    beginning of year $220,087 · end of year $204,040

  • 23 · Secured mortgages and notes payable

    beginning of year $103,370,187 · end of year $99,176,053

  • 25 · Other liabilities

    beginning of year $23,793,057 · end of year $26,021,809

  • 29 · Capital stock, trust principal or current funds

    beginning of year $660,565 · end of year $680,620

  • 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 $95,960,385 · end of year $102,711,470

Mission and programs · 2022

Mission

PROVIDING OUR MEMBER-OWNERS SAFE, RELIABLE, HIGH QUALITY SERVICE AT A REASONABLE COST.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 45,518 ACTIVE SERVICES AT YEAR END.

As filed on the 2022 return.

Listed in Part VII

  • Mark Hahn

    PRESIDENT

    Total calculated
    $18,240
    From this org
    $18,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    12.9

  • Joseph Wieser

    VICE PRESIDENT

    Total calculated
    $16,140
    From this org
    $16,140
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Connie Stockbridge

    TREASURER

    Total calculated
    $17,640
    From this org
    $17,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Doylene Bode

    SECRETARY

    Total calculated
    $16,890
    From this org
    $16,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.1

  • Mark Reeve

    DIRECOTR

    Total calculated
    $14,390
    From this org
    $14,390
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.6

  • Tim Lehmberg

    DIRECTOR

    Total calculated
    $15,090
    From this org
    $15,090
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • Scott Olguin

    DIRECTOR

    Total calculated
    $15,590
    From this org
    $15,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Wynne Whitworth

    DIRECTOR

    Total calculated
    $15,390
    From this org
    $15,390
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Fermin Ortiz

    DIRECTOR

    Total calculated
    $17,090
    From this org
    $17,090
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Wayne Seipp

    DIRECTOR

    Total calculated
    $14,790
    From this org
    $14,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • James A Low

    DIRECTOR

    Total calculated
    $17,040
    From this org
    $17,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Robert Loth III

    CEO

    Total calculated
    $547,617
    From this org
    $295,511
    From related orgs
    $0
    Other
    $252,106
    Hours/week
    40.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $252,471
    Bonus
    $10,000
    Other
    $33,040
    Deferred
    $212,078
    Nontaxable benefits
    $40,028
    Filer's total
    $547,617

  • Atanacio Hinojosa

    CEO

    Total calculated
    $85,456
    From this org
    $37,483
    From related orgs
    $0
    Other
    $47,973
    Hours/week
    50

  • Janet Herber

    CFO

    Total calculated
    $190,556
    From this org
    $166,217
    From related orgs
    $0
    Other
    $24,339
    Hours/week
    43.5 + 3 related

    Schedule J breakdown matched by us

    Base
    $159,249
    Bonus
    $0
    Other
    $6,968
    Deferred
    $6,416
    Nontaxable benefits
    $17,923
    Filer's total
    $190,556

  • Shawn Stanley

    CFO

    Total calculated
    $132,480
    From this org
    $50,816
    From related orgs
    $0
    Other
    $81,664
    Hours/week
    47 + 2 related

  • Mitch Elmore

    DIRECTOR OF ENGINEERING/OP

    Total calculated
    $245,942
    From this org
    $175,117
    From related orgs
    $0
    Other
    $70,825
    Hours/week
    40.8

    Schedule J breakdown matched by us

    Base
    $167,850
    Bonus
    $0
    Other
    $7,267
    Deferred
    $51,985
    Nontaxable benefits
    $18,840
    Filer's total
    $245,942

  • Glen Davis

    FOREMAN

    Total calculated
    $188,669
    From this org
    $109,737
    From related orgs
    $0
    Other
    $78,932
    Hours/week
    46.7

    Schedule J breakdown matched by us

    Base
    $104,608
    Bonus
    $1,500
    Other
    $3,629
    Deferred
    $60,508
    Nontaxable benefits
    $18,424
    Filer's total
    $188,669

  • Steve Murrow

    DISTRICT OPERATIONS SUPERV

    Total calculated
    $191,130
    From this org
    $129,496
    From related orgs
    $0
    Other
    $61,634
    Hours/week
    40.8

    Schedule J breakdown matched by us

    Base
    $125,259
    Bonus
    $0
    Other
    $4,237
    Deferred
    $43,032
    Nontaxable benefits
    $18,602
    Filer's total
    $191,130

  • Arthur Wunderlich

    FOREMAN

    Total calculated
    $187,998
    From this org
    $111,641
    From related orgs
    $0
    Other
    $76,357
    Hours/week
    41.4

    Schedule J breakdown matched by us

    Base
    $108,060
    Bonus
    $0
    Other
    $3,581
    Deferred
    $58,221
    Nontaxable benefits
    $18,136
    Filer's total
    $187,998

  • Pat Stahl

    SYSTEM SERVICES SUPERVISOR

    Total calculated
    $248,764
    From this org
    $110,406
    From related orgs
    $0
    Other
    $138,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,526
    Bonus
    $2,000
    Other
    $2,880
    Deferred
    $104,256
    Nontaxable benefits
    $34,102
    Filer's total
    $248,764

  • Dennis Crenwelge

    DISTRIC OPERATION SUPERVISOR

    Total calculated
    $202,474
    From this org
    $108,808
    From related orgs
    $0
    Other
    $93,666
    Hours/week
    40.5

    Schedule J breakdown matched by us

    Base
    $105,675
    Bonus
    $0
    Other
    $3,133
    Deferred
    $75,386
    Nontaxable benefits
    $18,280
    Filer's total
    $202,474

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 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ROBERT LOTH III: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $201,102 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,976 TOTAL REPORTED IN COLUMN C $212,078 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (201,102) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 57,455 EXPENSE TO THE COOPERATIVE $ 68,431 PAT STAHL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 99,303 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,953 TOTAL REPORTED IN COLUMN C $104,256 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (99,303) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,088 EXPENSE TO THE COOPERATIVE $ 32,041 MITCH ELMORE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 45,187 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,798 TOTAL REPORTED IN COLUMN C $ 51,985 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (45,187) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,809 EXPENSE TO THE COOPERATIVE $ 41,607 DENNIS CRENWELGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 71,161 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,225 TOTAL REPORTED IN COLUMN C $ 75,386 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (71,161) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,119 EXPENSE TO THE COOPERATIVE $ 26,344 STEVE MURROW: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 37,423 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,609 TOTAL REPORTED IN COLUMN C $ 43,032 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (37,423) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,580 EXPENSE TO THE COOPERATIVE $ 32,189 JANET HERBER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 0 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,416 TOTAL REPORTED IN COLUMN C $ 6,416 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (0) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,990 EXPENSE TO THE COOPERATIVE $ 40,406 GLEN DAVIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,936 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,572 TOTAL REPORTED IN COLUMN C $ 60,508 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,936) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,501 EXPENSE TO THE COOPERATIVE $ 23,073 ARTHUR WUNDERLICH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,705 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,516 TOTAL REPORTED IN COLUMN C $ 58,221 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (54,705) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,782 EXPENSE TO THE COOPERATIVE $ 22,298

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 TEXAS EXTRA-SERVICES COORPORATION

    C · INTERNET ACCESS PROVIDER · TX · 100% owned · share of income $947,227 · share of assets $241,108,677 · controlled entity

    Directly controlled by CENTRAL TEXAS ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349329481

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