Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC REVENUE

  total $361,949,486 · related or exempt $361,949,486

• 2b · Program service revenue: MICROWAVE SERVICES

  total $394,254 · related or exempt $394,254

• 2c · Program service revenue: POLE RENTAL

  total $343,579 · excluded $343,579

• 2d · Program service revenue: MEMBERSHIP DUES

  total $33,382 · related or exempt $33,382

• 2e · Program service revenue: CAPITAL CREDITS

  total $1,581 · related or exempt $1,581

• 2f · All other program service revenue

  total $367,549 · related or exempt $367,549

• 3 · Investment income

  total $1,885,161 · excluded $1,885,161

• 5 · Royalties

  total $32,471 · excluded $32,471

• 6a · Gross rents

  real property $4,800

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $4,800

• 6d · Net rental income or loss

  total $4,800 · excluded $4,800

• 7a · Gross sales of assets other than inventory

  other assets $284,250

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

  other assets $348,073

• 7c · Gain or loss

  other assets -$63,823

• 7d · Net gain or loss

  total -$63,823 · excluded -$63,823

• 11a · Other revenue: MISCELLANEOUS REVENUE - BELUGA CA

  total $159,098 · excluded $159,098

• 11e · Other revenue, total

  $159,098

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $42,053 · program services $42,053

• 2 · Grants to domestic individuals

  total $103,804 · program services $103,804

• 4 · Benefits paid to or for members

  total $8,099,781 · program services $8,099,781

• 5 · Compensation of officers, directors and key employees

  total $2,669,696 · management and general $2,669,696

• 20 · Interest

  total $41,354,938 · program services $41,354,938

• 22 · Depreciation, depletion and amortization

  total $62,721,621 · program services $62,721,621

• 24a · Other expenses: FUEL/PURCHASED POWER

  total $113,234,541 · program services $113,234,541

• 24b · Other expenses: ADMIN & GENERAL

  total $49,648,124 · management and general $49,648,124

• 24c · Other expenses: OTHER POWER PRODUCTION

  total $40,744,453 · program services $40,744,453

• 24d · Other expenses: DISTRIBUTION EXPENSE

  total $27,150,489 · program services $27,150,489

• 24e · All other expenses

  total $19,304,656 · program services $17,096,148 · management and general $2,208,508

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,768,973 · end of year $5,472,490

• 2 · Savings and temporary cash investments

  beginning of year $12,174,066 · end of year $0

• 4 · Accounts receivable

  beginning of year $50,243,472 · end of year $62,436,741

• 8 · Inventories for sale or use

  beginning of year $68,199,774 · end of year $63,822,191

• 9 · Prepaid expenses and deferred charges

  beginning of year $115,102,455 · end of year $108,643,454

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

  $2,248,484,501

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

  $759,799,995

• 10c · Land, buildings and equipment, net

  beginning of year $1,463,940,643 · end of year $1,488,684,506

• 11 · Investments: publicly traded securities

  beginning of year $24,888,329 · end of year $27,457,774

• 13 · Investments: program-related

  beginning of year $6,993,487 · end of year $6,635,234

• 15 · Other assets

  beginning of year $22,268,391 · end of year $44,767,240

• 17 · Accounts payable and accrued expenses

  beginning of year $26,356,140 · end of year $34,146,210

• 23 · Secured mortgages and notes payable

  beginning of year $1,190,434,550 · end of year $1,141,710,367

• 24 · Unsecured notes and loans payable

  beginning of year $45,000,000 · end of year $138,000,000

• 25 · Other liabilities

  beginning of year $293,453,424 · end of year $276,002,000

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,986,171 · end of year $2,019,553

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

  beginning of year $178,948,678 · end of year $182,190,239

• 31 · Retained earnings, endowment or other funds

  beginning of year $31,400,627 · end of year $33,851,261

The filer's explanations (Part III)

PART I, LINE 1A

CHUGACH HAS A HELICOPTER LEASE AND A STANDING AIR CHARTER FOR EMPLOYEES TO REACH FACILITIES AT REMOTE LOCATIONS, SUCH AS THE BELUGA POWER PLANT WHICH IS ONLY ACCESSIBLE BY AIR. SEVERAL OF CHUGACH'S EMPLOYEES, INCLUDING THOSE LISTED, HAVE USED ONE OR BOTH OF THESE SERVICES TO INSPECT OR PERFORM MAINTENANCE ON EQUIPMENT, CONDUCT SUPERVISORY RESPONSIBILITIES, OR ESCORT GUESTS ON TOURS. ON OCCASION, OFFICERS USE FIRST-CLASS TRAVEL FOR TRAVEL OUT OF STATE TO PERFORM BUSINESS ON BEHALF OF THE ORGANIZATION. THE FIRST-CLASS FARES OBTAINED ARE COMPARABLE TO THE COACH FARES AVAILABLE ON THE COMMERCIAL AIRLINE USUALLY USED BY THE ORGANIZATION FOR BUSINESS TRAVEL. THE GROSS-UP PAYMENTS APPLIED TO CHUGACH'S EMPLOYEES ARE NON-CASH REWARDS, CONSISTING OF GIFT CARDS AND AN EMPLOYEE RECOGNITION PROGRAM, WHERE POINTS CAN BE REDEEMED FOR VARIOUS PRIZES.

PART I, LINE 7

NON FIXED PAYMENTS CERTAIN INDIVIDUALS RECEIVED DISCRETIONARY, NONFIXED PAYMENTS DURING CALENDAR YEAR 2023. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COL B (II).