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Nonprofiteer
← ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION

Form 990 for tax year 2022

Filed by ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION.

Totals

Total revenue
$6,883,355
Total expenses
$6,791,201
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,667,379
Investment income
$31,882
Other revenue
$184,094
Total assets, end of year
$28,285,610
Total liabilities, end of year
$20,238,412
Net assets or fund balances, end of year
$8,047,198
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: ELECTRICITY AND RELATED SALES

    total $6,667,379 · related or exempt $6,667,379

  • 3 · Investment income

    total $31,882 · related or exempt $31,882

  • 11a · Other revenue: CAPITAL CR & PATRONAGE DIV

    total $94,984 · related or exempt $94,984

  • 11b · Other revenue: OTHER NONOPERATING INCOME

    total $55,775 · related or exempt $55,775

  • 11c · Other revenue: LLC DISTRIBUTIONS

    total $33,335 · related or exempt $33,335

  • 11e · Other revenue, total

    $184,094

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $267,138

  • 7 · Other salaries and wages

    total $136,007

  • 20 · Interest

    total $670,232

  • 22 · Depreciation, depletion and amortization

    total $892,746

  • 24a · Other expenses: PURCHASE POWER

    total $2,170,246

  • 24b · Other expenses: DISTIBUTION-MAINTENANCE

    total $1,210,822

  • 24c · Other expenses: GENERAL AND ADMINISTRATIV

    total $406,109

  • 24d · Other expenses: PROPERTY TAXES

    total $343,000

  • 24e · All other expenses

    total $694,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $460,154 · end of year $464,259

  • 4 · Accounts receivable

    beginning of year $610,291 · end of year $700,766

  • 8 · Inventories for sale or use

    beginning of year $302,779 · end of year $410,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,969 · end of year $2,843

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

    $36,355,463

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

    $12,398,398

  • 10c · Land, buildings and equipment, net

    beginning of year $22,369,996 · end of year $23,957,065

  • 13 · Investments: program-related

    beginning of year $4,204,196 · end of year $2,676,326

  • 15 · Other assets

    beginning of year $95,543 · end of year $73,749

  • 17 · Accounts payable and accrued expenses

    beginning of year $834,778 · end of year $1,689,146

  • 23 · Secured mortgages and notes payable

    beginning of year $19,163,810 · end of year $18,409,470

  • 25 · Other liabilities

    beginning of year $127,796 · end of year $139,796

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,745 · end of year $22,745

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,932,299 · end of year $8,024,453

Mission and programs · 2022

Mission

TO PROVIDE SAFE, RELIABLE POWER TO THE RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

  • PROVIDED SAFE, RELIABLE POWER TO RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

As filed on the 2022 return.

Listed in Part VII

  • Debbie Miles

    GENERAL MANA

    Total calculated
    $138,785
    From this org
    $112,460
    From related orgs
    $0
    Other
    $26,325
    Hours/week
    40

  • Justin Sironen

    LINEMAN

    Total calculated
    $122,831
    From this org
    $106,522
    From related orgs
    $0
    Other
    $16,309
    Hours/week
    44

  • William Hodges

    PRESIDENT

    Total calculated
    $13,504
    From this org
    $13,504
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Calvin Koski

    VICE PRESIDE

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mildred Ann Gasperich

    SECRETARY

    Total calculated
    $6,475
    From this org
    $6,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Randy Myhren

    TREASURER

    Total calculated
    $4,525
    From this org
    $4,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Urbis

    DIRECTOR

    Total calculated
    $4,225
    From this org
    $4,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Gaunt

    DIRECTOR

    Total calculated
    $3,359
    From this org
    $3,359
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Wayne Heikkinen

    DIRECTOR

    Total calculated
    $2,275
    From this org
    $2,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • George Rajala

    DIRECTOR

    Total calculated
    $1,950
    From this org
    $1,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jack Lehto

    DIRECTOR

    Total calculated
    $1,625
    From this org
    $1,625
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 August 2023
IRS schema version
2022v5.0
Source object
202342799349301714

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