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Nonprofiteer
← DONIPHAN ELECTRIC COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2024

Filed by DONIPHAN ELECTRIC COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$3,292,679
Total expenses
$3,292,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,262,361
Investment income
$26,426
Other revenue
$3,892
Total assets, end of year
$8,993,379
Total liabilities, end of year
$2,078,849
Net assets or fund balances, end of year
$6,914,530
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: Sale of Electricity

    total $3,220,782 · related or exempt $3,220,782

  • 2b · Program service revenue: Other Operating

    total $28,692 · related or exempt $28,692

  • 2c · Program service revenue: Capital Credits

    total $12,887 · related or exempt $12,887

  • 3 · Investment income

    total $22,426 · excluded $22,426

  • 7a · Gross sales of assets other than inventory

    other assets $4,000

  • 7c · Gain or loss

    other assets $4,000

  • 7d · Net gain or loss

    total $4,000 · excluded $4,000

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Non-Operating

    total $3,892 · related or exempt $3,892

  • 11e · Other revenue, total

    $3,892

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $314,661

  • 5 · Compensation of officers, directors and key employees

    total $111,361

  • 7 · Other salaries and wages

    total $139,218

  • 20 · Interest

    total $56,427

  • 22 · Depreciation, depletion and amortization

    total $268,180

  • 24a · Other expenses: Cost of Power

    total $1,471,080 · program services $1,471,080

  • 24b · Other expenses: Admin & General

    total $537,369 · program services $537,369

  • 24c · Other expenses: Distribution Expense

    total $307,531 · program services $307,531

  • 24d · Other expenses: Member Services

    total $86,769 · program services $86,769

  • 24e · All other expenses

    total $83

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,086 · end of year $151,822

  • 2 · Savings and temporary cash investments

    beginning of year $95,871 · end of year $50,000

  • 4 · Accounts receivable

    beginning of year $409,395 · end of year $418,650

  • 8 · Inventories for sale or use

    beginning of year $268,539 · end of year $236,483

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,314 · end of year $163,013

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

    $10,336,939

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

    $2,909,019

  • 10c · Land, buildings and equipment, net

    beginning of year $6,667,869 · end of year $7,427,920

  • 13 · Investments: program-related

    beginning of year $481,586 · end of year $545,491

  • 17 · Accounts payable and accrued expenses

    beginning of year $212,429 · end of year $231,933

  • 23 · Secured mortgages and notes payable

    beginning of year $1,064,409 · end of year $1,766,411

  • 25 · Other liabilities

    beginning of year $81,182 · end of year $80,505

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,665 · end of year $25,135

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,779,975 · end of year $6,889,395

Mission and programs · 2024

Mission

To provide reliable energy and related services to our members at the lowest cost.

  • Distribution and Sale of Electricity

As filed on the 2024 return.

Listed in Part VII

  • Trevor Schmille

    Line Supt

    Total calculated
    $139,218
    From this org
    $102,215
    From related orgs
    $0
    Other
    $37,003
    Hours/week
    40

  • Susan Williams

    Accountant

    Total calculated
    $94,710
    From this org
    $61,580
    From related orgs
    $0
    Other
    $33,130
    Hours/week
    40

  • Richard Lemke

    President

    Total calculated
    $4,718
    From this org
    $4,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Timothy Hegarty

    Trustee

    Total calculated
    $3,335
    From this org
    $3,335
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Grant Foley

    Vice-President

    Total calculated
    $3,024
    From this org
    $3,024
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Christopher Gaither

    Trustee

    Total calculated
    $2,984
    From this org
    $2,984
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Norman Sigrist

    Secretary

    Total calculated
    $2,590
    From this org
    $2,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Volker

    General Manager

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533149349306133

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