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Nonprofiteer
← A & N ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by A & N ELECTRIC COOPERATIVE.

Totals

Total revenue
$86,304,717
Total expenses
$85,672,445
Contributions and grants received
$0
Grants paid
$40,391
Program service revenue
$85,439,423
Investment income
$277,819
Other revenue
$587,475
Total assets, end of year
$215,060,644
Total liabilities, end of year
$133,828,019
Net assets or fund balances, end of year
$81,232,625
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 AND DIST. OF ELECTRICITY

    total $83,656,275 · related or exempt $83,656,275

  • 2b · Program service revenue: CIAC

    total $835,577 · related or exempt $835,577

  • 2c · Program service revenue: MAINTENANCE AGREEMENT

    total $593,668 · related or exempt $593,668

  • 2d · Program service revenue: CASH PATRONAGE RECEIVED

    total $353,903 · related or exempt $353,903

  • 3 · Investment income

    total $277,819 · excluded $277,819

  • 6a · Gross rents

    real property $35,929 · personal property $577,955

  • 6b · Less rental expenses

    real property $26,409

  • 6c · Rental income or loss

    real property $9,520 · personal property $577,955

  • 6d · Net rental income or loss

    total $587,475 · unrelated business $9,520 · excluded $577,955

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,391

  • 4 · Benefits paid to or for members

    total $3,647,724

  • 5 · Compensation of officers, directors and key employees

    total $1,446,968

  • 7 · Other salaries and wages

    total $6,605,142

  • 8 · Pension plan contributions

    total $787,866

  • 9 · Other employee benefits

    total $150,965

  • 10 · Payroll taxes

    total $599,840

  • 11b · Fees: legal

    total $40,274

  • 17 · Travel

    total $1,396,602

  • 19 · Conferences, conventions and meetings

    total $17,044

  • 20 · Interest

    total $3,129,262

  • 22 · Depreciation, depletion and amortization

    total $6,795,567

  • 24a · Other expenses: COST OF POWER

    total $58,749,092

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $3,165,220

  • 24c · Other expenses: DISTRIBUTION OPERATION

    total $1,512,421

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,215,850

  • 24e · All other expenses

    total -$3,627,783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,934 · end of year $71,804

  • 2 · Savings and temporary cash investments

    beginning of year $15,311,966 · end of year $7,884,784

  • 4 · Accounts receivable

    beginning of year $12,572,241 · end of year $13,694,906

  • 8 · Inventories for sale or use

    beginning of year $2,270,850 · end of year $3,297,338

  • 9 · Prepaid expenses and deferred charges

    beginning of year $452,397 · end of year $439,986

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

    $231,348,618

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

    $69,625,382

  • 10c · Land, buildings and equipment, net

    beginning of year $146,566,898 · end of year $161,723,236

  • 13 · Investments: program-related

    beginning of year $23,426,977 · end of year $24,198,361

  • 15 · Other assets

    beginning of year $3,289,420 · end of year $3,750,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,224,655 · end of year $9,434,805

  • 23 · Secured mortgages and notes payable

    beginning of year $110,573,536 · end of year $116,668,172

  • 25 · Other liabilities

    beginning of year $7,596,454 · end of year $7,725,042

  • 31 · Retained earnings, endowment or other funds

    beginning of year $79,550,038 · end of year $81,232,625

Mission and programs · 2022

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE.

  • SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF A & N ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 58,749,092 DEPRECIATION 6,795,567 SALARIES AND WAGES 6,605,142

As filed on the 2022 return.

Listed in Part VII

  • Belvin Williamson Jr

    PRESIDENT &

    Total calculated
    $581,491
    From this org
    $337,090
    From related orgs
    $0
    Other
    $244,401
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $254,407
    Bonus
    not reported
    Other
    $82,683
    Deferred
    $223,493
    Nontaxable benefits
    $20,908
    Filer's total
    $581,491

  • Shawn Hildebrand

    VP - CORP SV

    Total calculated
    $274,661
    From this org
    $205,981
    From related orgs
    $0
    Other
    $68,680
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,080
    Bonus
    not reported
    Other
    $28,901
    Deferred
    $47,772
    Nontaxable benefits
    $20,908
    Filer's total
    $274,661

  • Todd Bireley

    VP ENG & TEC

    Total calculated
    $246,961
    From this org
    $177,769
    From related orgs
    $0
    Other
    $69,192
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $129,238
    Bonus
    not reported
    Other
    $48,531
    Deferred
    $49,750
    Nontaxable benefits
    $19,442
    Filer's total
    $246,961

  • Roger Blizzard

    VP HR & EMPL

    Total calculated
    $243,022
    From this org
    $179,848
    From related orgs
    $0
    Other
    $63,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,466
    Bonus
    not reported
    Other
    $44,382
    Deferred
    $42,922
    Nontaxable benefits
    $20,252
    Filer's total
    $243,022

  • Dana Penney

    DIRECTOR, AC

    Total calculated
    $225,922
    From this org
    $152,880
    From related orgs
    $0
    Other
    $73,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,364
    Bonus
    not reported
    Other
    $32,516
    Deferred
    $60,604
    Nontaxable benefits
    $12,438
    Filer's total
    $225,922

  • Kenneth E Thornton

    SERVICEMAN

    Total calculated
    $203,546
    From this org
    $159,605
    From related orgs
    $0
    Other
    $43,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $73,226
    Bonus
    not reported
    Other
    $86,379
    Deferred
    $23,482
    Nontaxable benefits
    $20,459
    Filer's total
    $203,546

  • Joe Cataldo

    VP OPS & CON

    Total calculated
    $202,039
    From this org
    $172,014
    From related orgs
    $0
    Other
    $30,025
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,240
    Bonus
    not reported
    Other
    $31,774
    Deferred
    $7,155
    Nontaxable benefits
    $22,870
    Filer's total
    $202,039

  • Wade Shrieves Jr

    LINEMAN

    Total calculated
    $185,610
    From this org
    $149,056
    From related orgs
    $0
    Other
    $36,554
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $72,397
    Bonus
    not reported
    Other
    $76,659
    Deferred
    $14,629
    Nontaxable benefits
    $21,925
    Filer's total
    $185,610

  • James Parker

    CHIEF LINEMA

    Total calculated
    $173,752
    From this org
    $147,860
    From related orgs
    $0
    Other
    $25,892
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $76,294
    Bonus
    not reported
    Other
    $71,566
    Deferred
    $12,575
    Nontaxable benefits
    $13,317
    Filer's total
    $173,752

  • Addison W Nottingham Jr

    CHAIRMAN

    Total calculated
    $22,816
    From this org
    $22,816
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ralph W Dodd

    SEC/TREAS

    Total calculated
    $21,099
    From this org
    $21,099
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • James N Belote III

    DIRECTOR

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Penney P Holland

    DIRECTOR

    Total calculated
    $18,650
    From this org
    $18,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • E Garrison Drummond

    DIRECTOR

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Christopher D Bott

    VICE CHAIRMA

    Total calculated
    $13,550
    From this org
    $13,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • W Edward Shockley III

    DIRECTOR

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Edward V Parks Jr

    DIRECTOR

    Total calculated
    $7,600
    From this org
    $7,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mark A Hickman

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert L Nock

    DIRECTOR

    Total calculated
    $3,100
    From this org
    $3,100
    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. 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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • A & N INNOVATIVE SOLUTIONS

    C CORP · EV CHARGER · VA · 100% owned · controlled entity

    Directly controlled by A&N EC

Provenance

Return type
form_990
Tax year
2022
Filed
25 September 2023
IRS schema version
2022v5.0
Source object
202323079349301702

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