Skip to content
Nonprofiteer
← MONROE COUNTY ELECTRIC POWER ASSN

Form 990 for tax year 2023

Filed by MONROE COUNTY ELECTRIC POWER ASSN.

Totals

Total revenue
$31,683,609
Total expenses
$28,055,317
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,543,222
Investment income
$458,115
Other revenue
$2,682,272
Total assets, end of year
$84,414,299
Total liabilities, end of year
$37,524,864
Net assets or fund balances, end of year
$46,889,435
Program services expenses (Part IX)
$28,055,317
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$28,055,317

Program services were 100.0% 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: ELECTRIC REVENUE SALES

    total $26,978,472 · related or exempt $26,978,472

  • 2b · Program service revenue: POLE RENTAL

    total $1,564,750 · related or exempt $1,564,750

  • 3 · Investment income

    total $458,115 · related or exempt $458,115

  • 11a · Other revenue: FIBER LEASE

    total $1,225,323 · unrelated business $1,225,323

  • 11b · Other revenue: OTHER NON-OPERATING INCOME

    total $1,128,529 · related or exempt $1,128,529

  • 11c · Other revenue: OPEB INCOME

    total $315,420 · related or exempt $315,420

  • 11d · All other revenue

    total $13,000 · related or exempt $13,000

  • 11e · Other revenue, total

    $2,682,272

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,341,774 · program services $1,341,774

  • 8 · Pension plan contributions

    total $288,438 · program services $288,438

  • 9 · Other employee benefits

    total $136,348 · program services $136,348

  • 10 · Payroll taxes

    total $88,086 · program services $88,086

  • 13 · Office expenses

    total $47,424 · program services $47,424

  • 20 · Interest

    total $1,059,854 · program services $1,059,854

  • 22 · Depreciation, depletion and amortization

    total $3,377,483 · program services $3,377,483

  • 23 · Insurance

    total $4,614 · program services $4,614

  • 24a · Other expenses: ELECTRIC POWER COSTS

    total $19,478,096 · program services $19,478,096

  • 24b · Other expenses: DISTRIBUTION & MAINTENANC

    total $1,401,030 · program services $1,401,030

  • 24c · Other expenses: CUSTOMER ACCOUNTS

    total $367,469 · program services $367,469

  • 24d · Other expenses: GENERAL & ADMINISTRATIVE

    total $352,104 · program services $352,104

  • 24e · All other expenses

    total $112,597 · program services $112,597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,652,026 · end of year $4,013,143

  • 3 · Pledges and grants receivable

    beginning of year $1,676,737

  • 4 · Accounts receivable

    beginning of year $5,348,656 · end of year $5,014,691

  • 8 · Inventories for sale or use

    beginning of year $1,797,859 · end of year $1,763,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,389,193 · end of year $5,767,722

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

    $99,030,763

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

    $37,234,740

  • 10c · Land, buildings and equipment, net

    beginning of year $63,279,176 · end of year $61,796,023

  • 12 · Investments: other securities

    beginning of year $4,997,362 · end of year $1,914,507

  • 15 · Other assets

    beginning of year $43,823 · end of year $4,144,547

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,858,899 · end of year $3,734,267

  • 23 · Secured mortgages and notes payable

    beginning of year $28,717,547 · end of year $27,709,251

  • 25 · Other liabilities

    beginning of year $6,363,263 · end of year $6,081,346

  • 31 · Retained earnings, endowment or other funds

    beginning of year $43,245,123 · end of year $46,889,435

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE ELECTRIC SERVICE TO THE ASSOCIATION WITH MORE THAN 12,000 MEMBERS.

Activities or mission (Part I)

PROVIDING ELECTRICAL POWER SERVICE TO RURAL AREAS.

  • PROVIDING ELECTRICAL POWER SERVICE TO RURAL AREAS.

    Expenses $28,055,317 · Revenue $28,543,222

As filed on the 2023 return.

Listed in Part VII

  • Barry Rowland

    GENERAL MANA

    Total calculated
    $244,652
    From this org
    $201,558
    From related orgs
    $0
    Other
    $43,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,558
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $43,094
    Filer's total
    $244,652

  • Ryan Payne

    SECRETARY/TR

    Total calculated
    $148,395
    From this org
    $114,801
    From related orgs
    $0
    Other
    $33,594
    Hours/week
    40

  • Stanley Brumley

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,000
    From related orgs
    $0
    Other
    $200
    Hours/week
    1

  • Phil Sullivan

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,000
    From related orgs
    $0
    Other
    $200
    Hours/week
    1

  • Mechelle Welch

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,000
    From related orgs
    $0
    Other
    $200
    Hours/week
    1

  • Brenda Willis

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,000
    From related orgs
    $0
    Other
    $200
    Hours/week
    1

  • Ira Thomas Crook III

    DIRECTOR

    Total calculated
    $3,156
    From this org
    $3,000
    From related orgs
    $0
    Other
    $156
    Hours/week
    1

  • Frank Owen

    DIRECTOR

    Total calculated
    $3,124
    From this org
    $3,000
    From related orgs
    $0
    Other
    $124
    Hours/week
    1

  • Roy Lee Lindsey

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Avery Duncan

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,500
    From related orgs
    $0
    Other
    $200
    Hours/week
    1

  • Phil Prewitt

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,500
    From related orgs
    $0
    Other
    $200
    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

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
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202540319349300939

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.