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Nonprofiteer
← BEAUREGARD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BEAUREGARD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$162,960,883
Total expenses
$163,387,210
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$157,904,896
Investment income
$5,022,357
Other revenue
$33,630
Total assets, end of year
$259,818,387
Total liabilities, end of year
$195,615,061
Net assets or fund balances, end of year
$64,203,326
Program services expenses (Part IX)
$163,387,210
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$163,387,210

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 $156,113,460 · related or exempt $156,113,460

  • 2b · Program service revenue: MISC ELECTRIC REVENUES

    total $1,791,436 · related or exempt $1,791,436

  • 3 · Investment income

    total $5,004,983 · related or exempt $5,004,983

  • 7a · Gross sales of assets other than inventory

    other assets $17,374

  • 7c · Gain or loss

    other assets $17,374

  • 7d · Net gain or loss

    total $17,374 · related or exempt $17,374

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER

    total $33,630 · related or exempt $33,630

  • 11e · Other revenue, total

    $33,630

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $6,834,250 · program services $6,834,250

  • 22 · Depreciation, depletion and amortization

    total $7,872,187 · program services $7,872,187

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $122,234,567 · program services $122,234,567

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $17,362,047 · program services $17,362,047

  • 24c · Other expenses: GENERAL AND ADMIN EXPENSE

    total $8,649,801 · program services $8,649,801

  • 24d · Other expenses: TRANSMISSION

    total $434,358 · program services $434,358

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,534,109 · end of year $3,585,108

  • 4 · Accounts receivable

    beginning of year $41,376,135 · end of year $44,918,597

  • 8 · Inventories for sale or use

    beginning of year $476,856 · end of year $1,124,216

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,851 · end of year $677,223

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

    $304,989,293

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

    $106,560,171

  • 10c · Land, buildings and equipment, net

    beginning of year $221,343,684 · end of year $198,429,122

  • 13 · Investments: program-related

    beginning of year $8,139,203 · end of year $12,440,153

  • 15 · Other assets

    beginning of year -$2,307,642 · end of year -$1,356,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,875,727 · end of year $13,971,789

  • 23 · Secured mortgages and notes payable

    beginning of year $167,104,108 · end of year $154,679,256

  • 25 · Other liabilities

    beginning of year $25,021,119 · end of year $26,964,016

  • 29 · Capital stock, trust principal or current funds

    beginning of year $162,435 · end of year $162,846

  • 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 $64,301,937 · end of year $63,875,610

Mission and programs · 2024

Mission

Sale of electricity to members

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

    Expenses $163,387,210

As filed on the 2024 return.

Listed in Part VII

  • Scott Deshotel

    VP OPERATIONS

    Total calculated
    $283,731
    From this org
    $148,597
    From related orgs
    $0
    Other
    $135,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,597
    Bonus
    not reported
    Other
    not reported
    Deferred
    $115,057
    Nontaxable benefits
    $20,077
    Filer's total
    $283,731

  • Karen Fox

    VP CONSUMER SERVICES

    Total calculated
    $252,309
    From this org
    $126,674
    From related orgs
    $0
    Other
    $125,635
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $126,674
    Bonus
    not reported
    Other
    not reported
    Deferred
    $105,558
    Nontaxable benefits
    $20,077
    Filer's total
    $252,309

  • Kevin Aycock

    VP ENGINEERING

    Total calculated
    $247,991
    From this org
    $131,535
    From related orgs
    $0
    Other
    $116,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,535
    Bonus
    not reported
    Other
    not reported
    Deferred
    $96,379
    Nontaxable benefits
    $20,077
    Filer's total
    $247,991

  • Brian Zelenak

    EXEC VP GM

    Total calculated
    $247,698
    From this org
    $210,600
    From related orgs
    $0
    Other
    $37,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,044
    Nontaxable benefits
    $3,054
    Filer's total
    $247,698

  • Robert Brown

    FIELD SUPERINTENDANT

    Total calculated
    $227,025
    From this org
    $115,835
    From related orgs
    $0
    Other
    $111,190
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $115,835
    Bonus
    not reported
    Other
    not reported
    Deferred
    $91,113
    Nontaxable benefits
    $20,077
    Filer's total
    $227,025

  • Edward Johnson

    LINEMAN

    Total calculated
    $214,755
    From this org
    $138,526
    From related orgs
    $0
    Other
    $76,229
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $138,526
    Bonus
    not reported
    Other
    not reported
    Deferred
    $56,152
    Nontaxable benefits
    $20,077
    Filer's total
    $214,755

  • Ty Durbin

    LEAD LINEMAN

    Total calculated
    $167,114
    From this org
    $119,158
    From related orgs
    $0
    Other
    $47,956
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $119,158
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,879
    Nontaxable benefits
    $20,077
    Filer's total
    $167,114

  • Oliver Johnson

    CREW CHIEF LINEMAN

    Total calculated
    $163,270
    From this org
    $123,328
    From related orgs
    $0
    Other
    $39,942
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $123,328
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,865
    Nontaxable benefits
    $20,077
    Filer's total
    $163,270

  • Jana Clark

    DATA PROCESSING MANAGER

    Total calculated
    $145,724
    From this org
    $136,563
    From related orgs
    $0
    Other
    $9,161
    Hours/week
    40

  • Ashley Mazilly

    VP FINANCE

    Total calculated
    $131,328
    From this org
    $100,200
    From related orgs
    $0
    Other
    $31,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,416
    Nontaxable benefits
    $11,712
    Filer's total
    $131,328

  • Kelly Lewis

    VP FINANCE

    Total calculated
    $36,356
    From this org
    $36,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Trent Buxton

    DIRECTOR

    Total calculated
    $33,637
    From this org
    $33,637
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Douglas Sonnier

    DIRECTOR

    Total calculated
    $30,045
    From this org
    $30,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Diana Backhaus

    DIRECTOR

    Total calculated
    $22,006
    From this org
    $22,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Joey Rogers

    DIRECTOR

    Total calculated
    $18,070
    From this org
    $18,070
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Tommy Cryar

    DIRECTOR

    Total calculated
    $17,470
    From this org
    $17,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Donald Bush

    DIRECTOR

    Total calculated
    $16,299
    From this org
    $16,299
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • J R Hickman

    DIRECTOR

    Total calculated
    $14,866
    From this org
    $14,866
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dale Peterson

    DIRECTOR

    Total calculated
    $13,377
    From this org
    $13,377
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stoney Doyle

    DIRECTOR

    Total calculated
    $13,203
    From this org
    $13,203
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ricky Deggs

    DIRECTOR

    Total calculated
    $12,602
    From this org
    $12,602
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dane Slaydon

    DIRECTOR

    Total calculated
    $11,688
    From this org
    $11,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Michael Viator

    EXEC VP GM

    Total calculated
    $9,269
    From this org
    $9,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202521299349302087

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