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Nonprofiteer
← ENERSTAR POWER CORP

Form 990 for tax year 2025

Filed by ENERSTAR POWER CORP.

Totals

Total revenue
$16,057,420
Total expenses
$14,512,638
Contributions and grants received
$0
Grants paid
$17,761
Program service revenue
$15,048,069
Investment income
$407,720
Other revenue
$601,631
Total assets, end of year
$45,600,577
Total liabilities, end of year
$18,225,948
Net assets or fund balances, end of year
$27,374,629
Program services expenses (Part IX)
$14,470,546
Management and general expenses
$42,092
Fundraising expenses
$0
Program service expenses (Part III)
$14,470,546

Program services were 99.7% 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 Electricity

    total $14,970,984 · related or exempt $14,970,984

  • 2b · Program service revenue: Miscellaneous Electric Sales

    total $77,085 · related or exempt $77,085

  • 3 · Investment income

    total $407,220 · excluded $407,220

  • 7a · Gross sales of assets other than inventory

    other assets $500

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

    other assets $0

  • 7c · Gain or loss

    other assets $500

  • 7d · Net gain or loss

    total $500 · excluded $500

  • 11a · Other revenue: Capital Credits

    total $549,304 · related or exempt $549,304

  • 11b · Other revenue: Other Revenue

    total $52,327 · excluded $52,327

  • 11e · Other revenue, total

    $601,631

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,761 · program services $17,761

  • 4 · Benefits paid to or for members

    total $636,870 · program services $636,870

  • 5 · Compensation of officers, directors and key employees

    total $514,313 · program services $514,313

  • 7 · Other salaries and wages

    total $340,288 · program services $340,288

  • 11b · Fees: legal

    total $21,692 · management and general $21,692

  • 11c · Fees: accounting

    total $20,400 · management and general $20,400

  • 20 · Interest

    total $545,562 · program services $545,562

  • 22 · Depreciation, depletion and amortization

    total $1,472,163 · program services $1,472,163

  • 23 · Insurance

    total $72,565 · program services $72,565

  • 24a · Other expenses: Purchased Power

    total $7,625,875 · program services $7,625,875

  • 24b · Other expenses: Maintenance Expense

    total $1,620,573 · program services $1,620,573

  • 24c · Other expenses: Operations Expense

    total $699,891 · program services $699,891

  • 24d · Other expenses: Customer Accounts Expen

    total $576,511 · program services $576,511

  • 24e · All other expenses

    total $348,174 · program services $348,174

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,309,845 · end of year $1,278,819

  • 4 · Accounts receivable

    beginning of year $1,570,087 · end of year $1,462,951

  • 8 · Inventories for sale or use

    beginning of year $471,338 · end of year $388,838

  • 9 · Prepaid expenses and deferred charges

    beginning of year $257,112 · end of year $74,750

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

    $48,648,896

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

    $15,587,701

  • 10c · Land, buildings and equipment, net

    beginning of year $31,218,661 · end of year $33,061,195

  • 13 · Investments: program-related

    beginning of year $8,935,834 · end of year $9,334,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,347,864 · end of year $1,302,861

  • 19 · Deferred revenue

    beginning of year $486,802 · end of year $495,392

  • 24 · Unsecured notes and loans payable

    beginning of year $12,653,202 · end of year $12,345,540

  • 25 · Other liabilities

    beginning of year $3,511,515 · end of year $4,082,155

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $1,718,124 · end of year $1,787,443

  • 31 · Retained earnings, endowment or other funds

    beginning of year $24,045,370 · end of year $25,587,186

Mission and programs · 2025

Mission

EnerStar Electric Cooperative exists to reliably distribute affordable electricity to our member-owners while upholding our values of integrity, accountability, and commitment to our community.

  • Cost of wholesale power purchase and delivery for resale to approximately 5,294 member-owners.

    Expenses $14,470,546 · Revenue $15,597,373

As filed on the 2025 return.

Listed in Part VII

  • Clayton Daniel Gard Jr

    Board Member

    Total calculated
    $4,900
    From this org
    $4,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.91

  • Jeff Zimmerman

    Vice Chairman

    Total calculated
    $5,350
    From this org
    $5,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.44

  • Greg Robinson

    Secretary/Treasurer

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.46

  • Thomas Jeffrey Murphy

    Chairman

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.18

  • Kevin Julian

    Board Member

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • Julie Higginbotham

    Assistant Secretary/Treasurer

    Total calculated
    $7,125
    From this org
    $7,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.31

  • Jonathon Thad Martin

    Board Member

    Total calculated
    $4,900
    From this org
    $4,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.13

  • Granville Colvin

    Board Member

    Total calculated
    $8,275
    From this org
    $8,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.57

  • Darin Griffin

    Board Member

    Total calculated
    $4,875
    From this org
    $4,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.69

  • Angela Griffin

    CEO

    Total calculated
    $269,826
    From this org
    $176,797
    From related orgs
    $0
    Other
    $93,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,136
    Bonus
    $0
    Other
    $7,661
    Deferred
    $66,018
    Nontaxable benefits
    $27,011
    Filer's total
    $269,826

  • Kira Taylor

    CFO

    Total calculated
    $192,212
    From this org
    $119,515
    From related orgs
    $0
    Other
    $72,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,285
    Bonus
    $0
    Other
    $230
    Deferred
    $40,042
    Nontaxable benefits
    $32,655
    Filer's total
    $192,212

  • Greg Hollingsworth

    Manager of Engineering & O

    Total calculated
    $254,626
    From this org
    $167,120
    From related orgs
    $0
    Other
    $87,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,265
    Bonus
    $0
    Other
    $6,855
    Deferred
    $54,199
    Nontaxable benefits
    $33,307
    Filer's total
    $254,626

  • Kim Stewart

    COO

    Total calculated
    $208,141
    From this org
    $122,611
    From related orgs
    $0
    Other
    $85,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,009
    Bonus
    $0
    Other
    $602
    Deferred
    $44,382
    Nontaxable benefits
    $41,148
    Filer's total
    $208,141

  • Russell Camp

    CONSTRUCTION FOREMAN

    Total calculated
    $222,626
    From this org
    $155,897
    From related orgs
    $0
    Other
    $66,729
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $155,683
    Bonus
    $0
    Other
    $214
    Deferred
    $46,731
    Nontaxable benefits
    $19,998
    Filer's total
    $222,626

  • Scott Newlin

    LINEMAN

    Total calculated
    $204,249
    From this org
    $141,732
    From related orgs
    $0
    Other
    $62,517
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $140,917
    Bonus
    $0
    Other
    $815
    Deferred
    $42,665
    Nontaxable benefits
    $19,852
    Filer's total
    $204,249

  • Chad Cornwell

    Maintenance Crew Leader

    Total calculated
    $205,388
    From this org
    $139,066
    From related orgs
    $0
    Other
    $66,322
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $138,580
    Bonus
    $0
    Other
    $486
    Deferred
    $46,339
    Nontaxable benefits
    $19,983
    Filer's total
    $205,388

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

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
2025
Filed
8 June 2026
IRS schema version
2025v4.1
Source object
202641599349300209

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