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Nonprofiteer
← CLAY COUNTY ELECTRIC COOP CORP

Form 990 for tax year 2022

Filed by CLAY COUNTY ELECTRIC COOP CORP.

Totals

Total revenue
$34,556,617
Total expenses
$43,847,807
Contributions and grants received
$1,210,000
Grants paid
$0
Program service revenue
$40,448,380
Investment income
$862,058
Other revenue
-$7,963,821
Total assets, end of year
$157,028,468
Total liabilities, end of year
$79,671,310
Net assets or fund balances, end of year
$77,357,158
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $1,210,000

  • 2a · Program service revenue: Energy Sales

    total $39,924,234 · related or exempt $39,924,234

  • 2b · Program service revenue: Generation and Transmission Capital Credits

    total $315,732 · related or exempt $315,732

  • 2c · Program service revenue: Other Capital Credits and Patronage Dividends

    total $208,414 · related or exempt $208,414

  • 3 · Investment income

    total $780,572 · unrelated business $276,000 · excluded $504,572

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,265,211

  • 6b · Less rental expenses

    real property $9,291,432

  • 6c · Rental income or loss

    real property -$8,026,221 · personal property $0

  • 6d · Net rental income or loss

    total -$8,026,221 · unrelated business -$8,026,221

  • 7a · Gross sales of assets other than inventory

    other assets $181,062

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

    other assets $99,576

  • 7c · Gain or loss

    other assets $81,486

  • 7d · Net gain or loss

    total $81,486 · excluded $81,486

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Management Fee Income from CCC

    total $62,400 · unrelated business $62,400

  • 11e · Other revenue, total

    $62,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $7,554,255

  • 5 · Compensation of officers, directors and key employees

    total $533,551

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $908,987

  • 8 · Pension plan contributions

    total $136,814

  • 9 · Other employee benefits

    total $139,500

  • 10 · Payroll taxes

    total $358,412

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $78,606

  • 11c · Fees: accounting

    total $67,065

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $29,144

  • 12 · Advertising and promotion

    total $47,811

  • 13 · Office expenses

    total $442,736

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $24,473

  • 20 · Interest

    total $2,127,075

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,679,397

  • 23 · Insurance

    total $300,595

  • 24a · Other expenses: PURCHASED POWER

    total $20,612,602

  • 24b · Other expenses: DISTRIBUTION EXP-OPER MAIN

    total $4,989,215

  • 24c · Other expenses: CUSTOMER EXPENSE

    total $1,169,624

  • 24d · Other expenses: PROPERTY TAXES

    total $196,048

  • 24e · All other expenses

    total $451,897

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,677,964 · end of year $2,639,447

  • 2 · Savings and temporary cash investments

    beginning of year $2,730,847 · end of year $1,459,957

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,030,697 · end of year $7,045,276

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,669,370 · end of year $4,196,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,776,190 · end of year $1,432,105

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

    $150,905,238

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

    $28,294,856

  • 10c · Land, buildings and equipment, net

    beginning of year $109,305,812 · end of year $122,610,382

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $14,447,076 · end of year $17,501,655

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $196,023 · end of year $143,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,364,431 · end of year $8,382,527

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $54,091,388 · end of year $59,103,927

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,890,087 · end of year $12,184,856

  • 29 · Capital stock, trust principal or current funds

    beginning of year $202,295 · end of year $203,085

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

    beginning of year $777,866 · end of year $777,866

  • 31 · Retained earnings, endowment or other funds

    beginning of year $70,507,912 · end of year $76,376,207

Mission and programs · 2022

Mission

CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES.

Activities or mission (Part I)

CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES

  • SALES OF 290,574,756 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS/CONSUMERS ON A NON-PROFIT BASIS.

As filed on the 2022 return.

Listed in Part VII

  • David Smith

    GENERAL MANAGER

    Total calculated
    $339,676
    From this org
    $251,214
    From related orgs
    $0
    Other
    $88,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,684
    Bonus
    $818
    Other
    $14,712
    Deferred
    $61,125
    Nontaxable benefits
    $27,337
    Filer's total
    $339,676

  • Odis Williams

    MANAGER OF OPERATIONS

    Total calculated
    $293,009
    From this org
    $132,421
    From related orgs
    $0
    Other
    $160,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,238
    Bonus
    $818
    Other
    $8,365
    Deferred
    $135,174
    Nontaxable benefits
    $25,414
    Filer's total
    $293,009

  • Tony Miller

    LINE SUPERINTENDENT

    Total calculated
    $189,149
    From this org
    $113,871
    From related orgs
    $0
    Other
    $75,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,465
    Bonus
    $818
    Other
    $2,588
    Deferred
    $62,709
    Nontaxable benefits
    $12,569
    Filer's total
    $189,149

  • Eric Landreth

    SERVICEMAN/FOREMAN

    Total calculated
    $188,388
    From this org
    $111,755
    From related orgs
    $0
    Other
    $76,633
    Hours/week
    49.31

    Schedule J breakdown matched by us

    Base
    $107,794
    Bonus
    $818
    Other
    $3,143
    Deferred
    $51,774
    Nontaxable benefits
    $24,859
    Filer's total
    $188,388

  • Tony Hudson

    SERVICEMAN/FOREMAN

    Total calculated
    $185,739
    From this org
    $112,249
    From related orgs
    $0
    Other
    $73,490
    Hours/week
    48.13

    Schedule J breakdown matched by us

    Base
    $109,379
    Bonus
    $818
    Other
    $2,052
    Deferred
    $48,631
    Nontaxable benefits
    $24,859
    Filer's total
    $185,739

  • Matt Miller

    CCC GENERAL MANAGER

    Total calculated
    $156,763
    From this org
    $115,880
    From related orgs
    $0
    Other
    $40,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,400
    Bonus
    $818
    Other
    $5,662
    Deferred
    $20,280
    Nontaxable benefits
    $20,603
    Filer's total
    $156,763

  • Jerry Turner

    DIRECTOR

    Total calculated
    $27,572
    From this org
    $27,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.69

  • John Dalton

    BOARD PRESIDENT

    Total calculated
    $26,724
    From this org
    $26,724
    From related orgs
    $0
    Other
    $0
    Hours/week
    14.62

  • Connie Pendergrass

    BOARD SECRETARY/TREASURER

    Total calculated
    $25,702
    From this org
    $25,702
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.06

  • Wade Schimming

    DIRECTOR

    Total calculated
    $24,402
    From this org
    $24,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.48

  • Cary Wilson

    DIRECTOR

    Total calculated
    $24,093
    From this org
    $24,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.63

  • L Wade Harris

    DIRECTOR

    Total calculated
    $23,446
    From this org
    $23,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.52

  • Reuben Seay

    DIRECTOR

    Total calculated
    $15,880
    From this org
    $15,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Charles Raglin

    BOARD VICE-PRESIDENT

    Total calculated
    $14,364
    From this org
    $14,364
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Todd Young

    DIRECTOR

    Total calculated
    $11,692
    From this org
    $11,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63

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 · 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

No itemized grants to organizations on this return.

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.

  • CLAY COUNTY CONNECT INC

    C CORP · INTERNET · AR · 100% owned · share of income $4,218,009 · share of assets $8,860,763 · controlled entity

    Directly controlled by CCECC

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202313069349302326

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