Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $69,858,347 · related or exempt $69,858,347

• 2b · Program service revenue: SERVICE FEES

  total $1,914,583 · related or exempt $1,914,583

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $993,022 · related or exempt $993,022

• 2d · Program service revenue: RENEWABLE ENERGY CREDITS

  total $702,544 · related or exempt $702,544

• 2e · Program service revenue: ELECTRIC WHEELING

  total $29,418 · related or exempt $29,418

• 3 · Investment income

  total $1,017,073 · unrelated business $579,538 · excluded $437,535

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

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $3,246,109 · personal property $314,850

• 6b · Less rental expenses

  real property $10,232,230

• 6c · Rental income or loss

  real property -$6,986,121 · personal property $314,850

• 6d · Net rental income or loss

  total -$6,671,271 · unrelated business -$7,049,307 · excluded $378,036

• 7a · Gross sales of assets other than inventory

  securities $4,207

• 7c · Gain or loss

  securities $4,207

• 7d · Net gain or loss

  total $4,207 · excluded $4,207

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: GRANTS FOR FIBER SUB

  total $5,216,145 · unrelated business $5,216,145

• 11b · Other revenue: MANAGEMENT FEES FROM DMEAUS

  total $765,120 · unrelated business $765,120

• 11c · Other revenue: DISPATCH SERVICES

  total $333,967 · unrelated business $333,967

• 11d · All other revenue

  total $95,782 · excluded $95,782

• 11e · Other revenue, total

  $6,411,014

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $48,968

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $10,493,605

• 5 · Compensation of officers, directors and key employees

  total $1,277,805

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $5,761,289

• 8 · Pension plan contributions

  total $1,343,374

• 9 · Other employee benefits

  total $811,041

• 10 · Payroll taxes

  total $562,817

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $252,737

• 11c · Fees: accounting

  total $47,450

• 11d · Fees: lobbying

  total $73,747

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $49,255

• 13 · Office expenses

  total $0

• 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 $0

• 20 · Interest

  total $5,147,771

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $8,437,348

• 23 · Insurance

  total $0

• 24a · Other expenses: PURCHASED POWER

  total $38,852,339

• 24b · Other expenses: ADMIN & GENERAL EXPENSE

  total $3,231,810

• 24c · Other expenses: DISTRIBUTION EXPENSE

  total $2,465,226

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $546,375

• 24e · All other expenses

  total $1,561,262

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,402,629 · end of year $415,075

• 2 · Savings and temporary cash investments

  beginning of year $1,664,116 · end of year $2,219,774

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $13,023,517 · end of year $11,843,504

• 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 $14,304,098 · end of year $14,171,239

• 8 · Inventories for sale or use

  beginning of year $4,714,530 · end of year $6,191,844

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,911,031 · end of year $217,563

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

  $281,648,146

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

  $109,824,452

• 10c · Land, buildings and equipment, net

  beginning of year $167,167,562 · end of year $171,823,694

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year -$4,859,357 · end of year $0

• 13 · Investments: program-related

  beginning of year $4,802,608 · end of year $24,562,734

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $6,137,339 · end of year $14,726,952

• 17 · Accounts payable and accrued expenses

  beginning of year $8,756,849 · end of year $12,310,145

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $10,431,729

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $1,194,779 · end of year $1,076,054

• 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 $143,777,805 · end of year $138,311,459

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $23,877,126 · end of year $22,531,663

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $55,661,514 · end of year $61,511,329

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II, COLUMN C

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ALYSSA CLEMSEN ROBERTS TOTAL REPORTED IN COLUMN C 23,005 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 23,005 B. KENT BLACKWELL TOTAL REPORTED IN COLUMN C 29,149 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 29,149 GAYLE GOUKER TOTAL REPORTED IN COLUMN C 27,002 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 27,002 MATEUSZ PENA TOTAL REPORTED IN COLUMN C 19,496 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,496 MICHAEL KUTA TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 16,174 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 16,174 CODY CARVER TOTAL REPORTED IN COLUMN C 27,901 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 27,901 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 21,585 --------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 21,585 NATHAN PUDERBAUGH TOTAL REPORTED IN COLUMN C 41,892 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 41,892 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 18,316 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 18,316 BILL HUGHES TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 19,040 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,040 TIMOTHY VIGIL TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 0

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• DMEA UTILITIES SERVICES LLC

  C-CORP · BROADBAND INVEST · CO · 100% owned · share of income $12,602,551 · share of assets $23,875,099 · controlled entity

  Directly controlled by DMEA