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Nonprofiteer
← CLAY COUNTY ELECTRIC COOP CORP

Form 990 for tax year 2024

Filed by CLAY COUNTY ELECTRIC COOP CORP.

Totals

Total revenue
$39,212,780
Total expenses
$40,778,707
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,419,458
Investment income
$915,506
Other revenue
$877,816
Total assets, end of year
$159,958,620
Total liabilities, end of year
$73,495,622
Net assets or fund balances, end of year
$86,462,998
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: ENERGY SALES

    total $35,810,539 · related or exempt $35,810,539 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: GENERATION AND TRANSMISSION CAPITAL CREDITS

    total $1,231,318 · related or exempt $1,231,318 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER CAPITAL CREDITS AND PATRONAGE DIVIDENDS

    total $377,601 · related or exempt $377,601 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $909,806 · related or exempt $0 · unrelated business $383,610 · excluded $526,196

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,291,900 · personal property $0

  • 6b · Less rental expenses

    real property $476,484 · personal property $0

  • 6c · Rental income or loss

    real property $815,416 · personal property $0

  • 6d · Net rental income or loss

    total $815,416 · related or exempt $0 · unrelated business $815,416 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $5,700

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $5,700

  • 7d · Net gain or loss

    total $5,700 · related or exempt $0 · unrelated business $0 · excluded $5,700

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MANAGEMENT FEE INCOME FROM CCC

    total $62,400 · related or exempt $0 · unrelated business $62,400 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $62,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $6,014,595

  • 5 · Compensation of officers, directors and key employees

    total $587,057

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,191,381

  • 8 · Pension plan contributions

    total $6,733

  • 9 · Other employee benefits

    total $424,001

  • 10 · Payroll taxes

    total $406,571

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $49,189

  • 11c · Fees: accounting

    total $70,777

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $28,848

  • 12 · Advertising and promotion

    total $51,395

  • 13 · Office expenses

    total $414,304

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $27,821

  • 20 · Interest

    total $2,445,135

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,975,271

  • 23 · Insurance

    total $333,894

  • 24a · Other expenses: PURCHASED POWER

    total $15,826,455

  • 24b · Other expenses: DISTRIBUTION EXP-OPER & MAIN

    total $5,603,920

  • 24c · Other expenses: CUSTOMER EXPENSE

    total $1,278,552

  • 24d · Other expenses: PROPERTY TAXES

    total $267,790

  • 24e · All other expenses

    total $1,775,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,686,590 · end of year $2,003,609

  • 2 · Savings and temporary cash investments

    beginning of year $1,081,119 · end of year $936,301

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,143,383 · end of year $5,229,370

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,578,042 · end of year $5,438,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,246,181 · end of year $1,118,450

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

    $159,510,423

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

    $35,752,375

  • 10c · Land, buildings and equipment, net

    beginning of year $121,265,845 · end of year $123,758,048

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $16,689,460 · end of year $21,307,027

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $163,378 · end of year $166,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,534,241 · end of year $8,859,571

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $59,284,865 · end of year $60,912,195

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,565,761 · end of year $3,723,856

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $204,645 · end of year $205,795

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

    beginning of year $781,941 · end of year $781,941

  • 31 · Retained earnings, endowment or other funds

    beginning of year $81,482,545 · end of year $85,475,262

Mission and programs · 2024

Mission

CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES.

Activities or mission (Part I)

CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER-BASED UTILITY SERVICES

  • Sales of 288,171,460 kilowatt hours of electric energy to its members/consumers on a non-profit basis.

As filed on the 2024 return.

Listed in Part VII

  • Charles Raglin

    Board Vice-President

    Total calculated
    $14,497
    From this org
    $14,497
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Connie Pendergrass

    Board Secretary/Treasurer

    Total calculated
    $31,011
    From this org
    $31,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Dalton

    Board President

    Total calculated
    $30,687
    From this org
    $30,687
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.7

  • Cary Wilson

    Director

    Total calculated
    $32,223
    From this org
    $32,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Jerry Turner

    Director

    Total calculated
    $29,710
    From this org
    $29,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.9

  • L Wade Harris

    Director

    Total calculated
    $33,289
    From this org
    $33,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Todd Young

    Director

    Total calculated
    $14,220
    From this org
    $14,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • Tyler Kirklin

    Director

    Total calculated
    $31,786
    From this org
    $31,786
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • Wade Schimming

    Director

    Total calculated
    $32,636
    From this org
    $32,636
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.9

  • David Smith

    General Manager

    Total calculated
    $336,998
    From this org
    $247,223
    From related orgs
    $0
    Other
    $89,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,332
    Bonus
    $818
    Other
    $5,073
    Deferred
    $59,544
    Nontaxable benefits
    $30,231
    Filer's total
    $336,998

  • Craig Weisenbach

    Line Foreman

    Total calculated
    $163,601
    From this org
    $125,150
    From related orgs
    $0
    Other
    $38,451
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,690
    Bonus
    $818
    Other
    $2,642
    Deferred
    $10,861
    Nontaxable benefits
    $27,590
    Filer's total
    $163,601

  • Gala Blanchard

    Manager of Accounting and Finance

    Total calculated
    $220,050
    From this org
    $130,744
    From related orgs
    $0
    Other
    $89,306
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $125,987
    Bonus
    $818
    Other
    $3,939
    Deferred
    $61,156
    Nontaxable benefits
    $28,150
    Filer's total
    $220,050

  • Matt Miiller

    CCC General Manager

    Total calculated
    $216,203
    From this org
    $168,316
    From related orgs
    $0
    Other
    $47,887
    Hours/week
    42.5

    Schedule J breakdown matched by us

    Base
    $163,856
    Bonus
    $818
    Other
    $3,642
    Deferred
    $19,206
    Nontaxable benefits
    $28,681
    Filer's total
    $216,203

  • Odis Williams

    Manager of Operations

    Total calculated
    $229,778
    From this org
    $149,977
    From related orgs
    $0
    Other
    $79,801
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $144,631
    Bonus
    $818
    Other
    $4,528
    Deferred
    $51,479
    Nontaxable benefits
    $28,322
    Filer's total
    $229,778

  • Tonya Tucker

    Manager of Administration

    Total calculated
    $191,622
    From this org
    $134,876
    From related orgs
    $0
    Other
    $56,746
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $130,428
    Bonus
    $818
    Other
    $3,630
    Deferred
    $28,596
    Nontaxable benefits
    $28,150
    Filer's total
    $191,622

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 · 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.

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.

  • CLAY COUNTY CONNECT INC

    C Corporation · INTERNET · AR · 100% owned · share of income $7,104,715 · share of assets $13,323,138 · controlled entity

    Directly controlled by CCECC

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.1
Source object
202533149349304808

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