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Nonprofiteer
← BEAUREGARD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by BEAUREGARD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$160,949,998
Total expenses
$160,102,950
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$160,662,424
Investment income
$1,054,974
Other revenue
-$767,400
Total assets, end of year
$274,630,196
Total liabilities, end of year
$210,000,954
Net assets or fund balances, end of year
$64,629,242
Program services expenses (Part IX)
$160,102,950
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$160,102,950

Program services were 100.0% 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 SALES

    total $159,459,567 · related or exempt $159,459,567

  • 2b · Program service revenue: MISC ELECTRIC REVENUES

    total $1,202,857 · related or exempt $1,202,857

  • 3 · Investment income

    total $1,039,524 · related or exempt $1,039,524

  • 7a · Gross sales of assets other than inventory

    other assets $15,450

  • 7c · Gain or loss

    other assets $15,450

  • 7d · Net gain or loss

    total $15,450 · related or exempt $15,450

  • 11a · Other revenue: OTHER

    total -$767,400 · related or exempt -$767,400

  • 11e · Other revenue, total

    -$767,400

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $5,676,016 · program services $5,676,016

  • 22 · Depreciation, depletion and amortization

    total $7,630,990 · program services $7,630,990

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $124,171,707 · program services $124,171,707

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $14,218,378 · program services $14,218,378

  • 24c · Other expenses: GENERAL AND ADMIN EXPENSE

    total $8,137,649 · program services $8,137,649

  • 24d · Other expenses: TRANSMISSION

    total $268,210 · program services $268,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,596,540 · end of year $5,534,109

  • 4 · Accounts receivable

    beginning of year $103,749,840 · end of year $41,376,135

  • 8 · Inventories for sale or use

    beginning of year $1,438,153 · end of year $476,856

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,485 · end of year $67,851

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

    $323,100,508

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

    $101,756,824

  • 10c · Land, buildings and equipment, net

    beginning of year $208,311,228 · end of year $221,343,684

  • 13 · Investments: program-related

    beginning of year $7,838,611 · end of year $8,139,203

  • 15 · Other assets

    beginning of year $165,753 · end of year -$2,307,642

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,145,127 · end of year $17,875,727

  • 23 · Secured mortgages and notes payable

    beginning of year $220,663,099 · end of year $167,104,108

  • 25 · Other liabilities

    beginning of year $25,584,511 · end of year $25,021,119

  • 29 · Capital stock, trust principal or current funds

    beginning of year $161,114 · end of year $162,435

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

    beginning of year $164,870 · end of year $164,870

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,454,889 · end of year $64,301,937

Mission and programs · 2023

Mission

Sale of electricity to members

  • Provide electricity to its rural members which total in excess of thirt-one thousand.

    Expenses $160,102,950

As filed on the 2023 return.

Listed in Part VII

  • Scott Deshotel

    VP OPERATIONS

    Total calculated
    $229,086
    From this org
    $134,813
    From related orgs
    $0
    Other
    $94,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,813
    Bonus
    not reported
    Other
    not reported
    Deferred
    $72,717
    Nontaxable benefits
    $21,556
    Filer's total
    $229,086

  • Karen Fox

    VP CONSUMER SERVICES

    Total calculated
    $216,789
    From this org
    $124,475
    From related orgs
    $0
    Other
    $92,314
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $124,475
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70,758
    Nontaxable benefits
    $21,556
    Filer's total
    $216,789

  • Kevin Aycock

    VP ENGINEERING

    Total calculated
    $199,620
    From this org
    $123,681
    From related orgs
    $0
    Other
    $75,939
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,681
    Bonus
    not reported
    Other
    not reported
    Deferred
    $54,383
    Nontaxable benefits
    $21,556
    Filer's total
    $199,620

  • Kevin Turner

    EXEC VP GM

    Total calculated
    $189,737
    From this org
    $172,931
    From related orgs
    $0
    Other
    $16,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,931
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,806
    Filer's total
    $189,737

  • Edward Johnson

    LINEMAN

    Total calculated
    $174,115
    From this org
    $121,009
    From related orgs
    $0
    Other
    $53,106
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $121,009
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,550
    Nontaxable benefits
    $21,556
    Filer's total
    $174,115

  • Ashley Mazilly

    VP FINANCE

    Total calculated
    $172,375
    From this org
    $128,960
    From related orgs
    $0
    Other
    $43,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,960
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,859
    Nontaxable benefits
    $21,556
    Filer's total
    $172,375

  • Brian Zelenak

    EXEC VP GM

    Total calculated
    $171,525
    From this org
    $140,905
    From related orgs
    $0
    Other
    $30,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,905
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,620
    Nontaxable benefits
    not reported
    Filer's total
    $171,525

  • Trent Buxton

    DIRECTOR

    Total calculated
    $32,574
    From this org
    $32,574
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Douglas Sonnier

    DIRECTOR

    Total calculated
    $32,466
    From this org
    $32,466
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dale Peterson

    DIRECTOR

    Total calculated
    $32,166
    From this org
    $32,166
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • Stoney Doyle

    DIRECTOR

    Total calculated
    $32,020
    From this org
    $32,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Diana Backhaus

    DIRECTOR

    Total calculated
    $18,787
    From this org
    $18,787
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Tommy Cryar

    DIRECTOR

    Total calculated
    $12,780
    From this org
    $12,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J R Hickman

    DIRECTOR

    Total calculated
    $11,623
    From this org
    $11,623
    From related orgs
    $0
    Other
    $0
    Hours/week
    41

  • Joey Rogers

    DIRECTOR

    Total calculated
    $11,470
    From this org
    $11,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Donald Bush

    DIRECTOR

    Total calculated
    $10,665
    From this org
    $10,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

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

None.

Answered no

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202432189349301128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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