Form 990 for tax year 2024

2a · Program service revenue: Electricity Sales

total $74,870,946 · related or exempt $74,870,946

2b · Program service revenue: Patronage Dividends

total $2,459,971 · related or exempt $2,459,971

2c · Program service revenue: Consumer Service Fees

total $206,783 · related or exempt $206,783

3 · Investment income

total $534,614 · unrelated business $488,222 · excluded $46,392

6a · Gross rents

personal property $2,077,734

6b · Less rental expenses

personal property $4,225

6c · Rental income or loss

personal property $2,073,509

6d · Net rental income or loss

total $2,073,509 · related or exempt $120,182 · unrelated business $1,953,327

7a · Gross sales of assets other than inventory

securities $238,093

7b · Less cost or other basis and sales expenses

securities $0 · other assets $446

7c · Gain or loss

securities $238,093 · other assets -$446

7d · Net gain or loss

total $237,647 · excluded $237,647

10a · Gross sales of inventory

$68,556

10b · Cost of goods sold

$3,394

10c · Net income from sales of inventory

total $65,162 · related or exempt $65,162

11a · Other revenue: Misc Non-Operating Inc

total $1,440 · excluded $1,440

11b · Other revenue: Loss from Subsidiary

total -$2,516,539 · related or exempt -$2,516,539

11e · Other revenue, total

-$2,515,099

2 · Grants to domestic individuals

total $15,000

4 · Benefits paid to or for members

total $3,071,933

5 · Compensation of officers, directors and key employees

total $1,211,396

20 · Interest

total $3,559,236

22 · Depreciation, depletion and amortization

total $7,218,756

24a · Other expenses: Cost of Power

total $40,876,085

24b · Other expenses: Distribution - Maintena

total $13,062,920

24c · Other expenses: Administrative & Genera

total $3,935,154

24d · Other expenses: Distribution - Operatio

total $3,134,204

24e · All other expenses

total $1,848,849

1 · Cash, non-interest-bearing

end of year $56,343

3 · Pledges and grants receivable

end of year $11,948,928

4 · Accounts receivable

beginning of year $58,946,722 · end of year $71,254,882

8 · Inventories for sale or use

beginning of year $11,274,035 · end of year $11,166,247

9 · Prepaid expenses and deferred charges

beginning of year $13,459,013 · end of year $20,047,540

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

$231,839,202

10b · Land, buildings and equipment: accumulated depreciation

$70,212,033

10c · Land, buildings and equipment, net

beginning of year $129,970,697 · end of year $161,627,169

13 · Investments: program-related

beginning of year $17,795,097 · end of year $17,284,636

15 · Other assets

beginning of year $30,284,937 · end of year $51,797,664

17 · Accounts payable and accrued expenses

beginning of year $112,518,388 · end of year $189,859,688

23 · Secured mortgages and notes payable

beginning of year $77,094,958 · end of year $81,854,782

25 · Other liabilities

beginning of year $9,487,379 · end of year $7,354,158

29 · Capital stock, trust principal or current funds

beginning of year $107,360 · end of year $108,330

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 $62,522,416 · end of year $66,006,451

Rapid Fiber Internet LLC

C · Internet Service Provider · FL · 100% owned · share of income $1,601,990 · share of assets $7,721,129

Directly controlled by Suwannee Valley Electric Cooperative