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← POINTE COUPEE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by POINTE COUPEE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$27,699,192
Total expenses
$27,909,245
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,550,938
Investment income
$148,254
Other revenue
$0
Total assets, end of year
$56,364,819
Total liabilities, end of year
$36,088,833
Net assets or fund balances, end of year
$20,275,986
Program services expenses (Part IX)
$25,328,789
Management and general expenses
$2,580,456
Fundraising expenses
$0
Program service expenses (Part III)
$25,328,789

Program services were 90.8% 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 OF ELECTRIC POWER

    total $27,550,938 · related or exempt $27,550,938

  • 3 · Investment income

    total $148,254 · excluded $148,254

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $958,936 · program services $958,936

  • 22 · Depreciation, depletion and amortization

    total $1,760,834 · program services $1,760,834

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $17,383,559 · program services $17,383,559

  • 24b · Other expenses: DISTRIBUTION -MAINTENANCE

    total $2,998,163 · program services $2,998,163

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $2,580,456 · management and general $2,580,456

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $1,011,980 · program services $1,011,980

  • 24e · All other expenses

    total $1,215,317 · program services $1,215,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $584,346 · end of year $438,018

  • 2 · Savings and temporary cash investments

    beginning of year $200,000

  • 4 · Accounts receivable

    beginning of year $1,880,008 · end of year $1,981,390

  • 8 · Inventories for sale or use

    beginning of year $798,411 · end of year $1,000,202

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,859,108 · end of year $3,516,690

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

    $60,961,913

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

    $14,947,116

  • 10c · Land, buildings and equipment, net

    beginning of year $39,845,937 · end of year $46,014,797

  • 12 · Investments: other securities

    beginning of year $3,208,739 · end of year $2,360,064

  • 15 · Other assets

    beginning of year $1,148,925 · end of year $1,053,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,467,961 · end of year $7,731,588

  • 23 · Secured mortgages and notes payable

    beginning of year $24,230,267 · end of year $27,992,488

  • 25 · Other liabilities

    beginning of year $443,925 · end of year $364,757

  • 29 · Capital stock, trust principal or current funds

    beginning of year $39,600 · end of year $39,665

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

    beginning of year $19,727,726 · end of year $19,517,673

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,615,995 · end of year $718,648

Mission and programs · 2022

Mission

SALE OF ELECTRIC POWER TO MEMBERS

  • SALE OF ELECTRIC POWER TO MEMBERS

    Expenses $25,328,789 · Revenue $27,550,938

As filed on the 2022 return.

Listed in Part VII

  • Myron A Lambert

    GENERAL MANA

    Total calculated
    $342,809
    From this org
    $254,900
    From related orgs
    $0
    Other
    $87,909
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $254,900
    Bonus
    not reported
    Other
    not reported
    Deferred
    $87,909
    Nontaxable benefits
    not reported
    Filer's total
    $342,809

  • Mr Craig D Magruder

    OPERATIONS M

    Total calculated
    $242,165
    From this org
    $121,039
    From related orgs
    $0
    Other
    $121,126
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $121,039
    Bonus
    not reported
    Other
    not reported
    Deferred
    $121,126
    Nontaxable benefits
    not reported
    Filer's total
    $242,165

  • James R Jewell

    MGR OF F&A

    Total calculated
    $163,140
    From this org
    $104,563
    From related orgs
    $0
    Other
    $58,577
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $104,563
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,577
    Nontaxable benefits
    not reported
    Filer's total
    $163,140

  • Amanda H McDuff

    CFO

    Total calculated
    $39,464
    From this org
    $33,423
    From related orgs
    $0
    Other
    $6,041
    Hours/week
    45

  • Mr James Ewing

    PRESIDENT

    Total calculated
    $38,394
    From this org
    $38,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Mrs Brenda Hurst

    DIRECTOR

    Total calculated
    $37,244
    From this org
    $37,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Mr Eric Elliot

    DIRECTOR

    Total calculated
    $36,919
    From this org
    $36,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • Mr Ralph Chustz

    SECRETARY/TR

    Total calculated
    $36,119
    From this org
    $36,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Mr George G Lacour Jr

    VICE-PRESIDE

    Total calculated
    $34,716
    From this org
    $27,241
    From related orgs
    $0
    Other
    $7,475
    Hours/week
    20

  • Mr Chris Settoon

    DIRECTOR

    Total calculated
    $33,669
    From this org
    $33,669
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Mr Al Ewing

    DIRECTOR

    Total calculated
    $32,576
    From this org
    $32,576
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202301309349300835

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