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Nonprofiteer
← PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$36,027,324
Total expenses
$28,884,147
Contributions and grants received
$0
Grants paid
$2,000
Program service revenue
$34,511,471
Investment income
$1,325,430
Other revenue
$190,423
Total assets, end of year
$108,029,994
Total liabilities, end of year
$59,340,542
Net assets or fund balances, end of year
$48,689,452
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.

  • 2a · Program service revenue: RESIDENTIAL

    total $15,362,216 · related or exempt $15,362,216

  • 2b · Program service revenue: PUBLIC AUTHORITIES

    total $11,459,816 · related or exempt $11,459,816

  • 2c · Program service revenue: COMMERCIAL LIGHTING

    total $4,487,519 · related or exempt $4,487,519

  • 2d · Program service revenue: IRRIGATION

    total $2,185,074 · related or exempt $2,185,074

  • 2e · Program service revenue: MISCELLANEOUS SERVICE

    total $1,016,846 · related or exempt $1,016,846

  • 3 · Investment income

    total $1,150,546 · unrelated business $812,223 · excluded $338,323

  • 6a · Gross rents

    real property $189,576 · personal property $49,349

  • 6b · Less rental expenses

    real property $50,765 · personal property $0

  • 6c · Rental income or loss

    real property $138,811 · personal property $49,349

  • 6d · Net rental income or loss

    total $188,160 · excluded $188,160

  • 7a · Gross sales of assets other than inventory

    securities $180,000

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

    securities $5,116

  • 7c · Gain or loss

    securities $174,884

  • 7d · Net gain or loss

    total $174,884 · excluded $174,884

  • 11a · Other revenue: REIMBURSEMENTS

    total $2,263 · related or exempt $2,263

  • 11e · Other revenue, total

    $2,263

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,000

  • 4 · Benefits paid to or for members

    total $335,830

  • 5 · Compensation of officers, directors and key employees

    total $1,198,584

  • 20 · Interest

    total $1,587,005

  • 22 · Depreciation, depletion and amortization

    total $3,133,861

  • 24a · Other expenses: COST OF POWER

    total $11,700,725

  • 24b · Other expenses: DISTRIBUTION AND TRANSM

    total $7,013,234

  • 24c · Other expenses: CUSTOMER, ADMINISTRATIO

    total $3,187,723

  • 24d · Other expenses: TAXES

    total $725,185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,227,681 · end of year $63,230

  • 2 · Savings and temporary cash investments

    beginning of year $3,453,009 · end of year $3,299,314

  • 4 · Accounts receivable

    beginning of year $3,806,562 · end of year $2,947,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,687 · end of year $850,140

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

    $133,880,181

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

    $60,611,345

  • 10c · Land, buildings and equipment, net

    beginning of year $71,903,377 · end of year $73,268,836

  • 12 · Investments: other securities

    beginning of year $8,244,393 · end of year $8,336,497

  • 15 · Other assets

    beginning of year $18,024,787 · end of year $19,264,691

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,798,316 · end of year $4,987,952

  • 19 · Deferred revenue

    beginning of year $3,876,767 · end of year $4,448,892

  • 23 · Secured mortgages and notes payable

    beginning of year $49,889,227 · end of year $44,822,403

  • 25 · Other liabilities

    beginning of year $4,626,966 · end of year $5,081,295

  • 29 · Capital stock, trust principal or current funds

    beginning of year $33,555 · end of year $33,515

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

    beginning of year $41,580,665 · end of year $48,655,937

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS.

Activities or mission (Part I)

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS

  • THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2024 THERE WERE 8,183 CUSTOMERS BILLED FOR SERVICE.

As filed on the 2024 return.

Listed in Part VII

  • Tom Hammond

    DIRECTOR

    Total calculated
    $14,515
    From this org
    $14,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Lawrence Price

    DIRECTOR

    Total calculated
    $12,939
    From this org
    $12,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Fred Nelson

    PRESIDENT

    Total calculated
    $22,282
    From this org
    $22,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dave Roberti

    VICE PRESIDENT

    Total calculated
    $9,840
    From this org
    $9,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • David Hansen

    SECRETARY/TREASURER

    Total calculated
    $19,101
    From this org
    $19,101
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Nancy Miller

    DIRECTOR

    Total calculated
    $10,176
    From this org
    $10,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Richard Short

    DIRECTOR

    Total calculated
    $9,840
    From this org
    $9,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert W Marshall

    CEO/GENERAL MANAGER

    Total calculated
    $676,971
    From this org
    $463,387
    From related orgs
    $0
    Other
    $213,584
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $413,542
    Bonus
    $653
    Other
    $49,192
    Deferred
    $173,734
    Nontaxable benefits
    $39,850
    Filer's total
    $676,971

  • William Newberg

    CFO

    Total calculated
    $422,920
    From this org
    $275,687
    From related orgs
    $0
    Other
    $147,233
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $252,260
    Bonus
    $12,487
    Other
    $10,940
    Deferred
    $110,214
    Nontaxable benefits
    $37,019
    Filer's total
    $422,920

  • Jason Harston

    MANAGER OF ENGINEERING & O

    Total calculated
    $428,064
    From this org
    $278,790
    From related orgs
    $0
    Other
    $149,274
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $253,751
    Bonus
    $12,326
    Other
    $12,713
    Deferred
    $112,206
    Nontaxable benefits
    $37,068
    Filer's total
    $428,064

  • Mitchell Carr

    LINEWORKING FOREMAN

    Total calculated
    $305,406
    From this org
    $215,266
    From related orgs
    $0
    Other
    $90,140
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $207,322
    Bonus
    $82
    Other
    $7,862
    Deferred
    $54,366
    Nontaxable benefits
    $35,774
    Filer's total
    $305,406

  • Bryan Sherman

    COGEN PLANT OPERATOR

    Total calculated
    $303,618
    From this org
    $213,069
    From related orgs
    $0
    Other
    $90,549
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $207,181
    Bonus
    $81
    Other
    $5,807
    Deferred
    $54,986
    Nontaxable benefits
    $35,563
    Filer's total
    $303,618

  • Stephen Gibbard

    NETWORK ENGINEER

    Total calculated
    $276,126
    From this org
    $202,459
    From related orgs
    $0
    Other
    $73,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,961
    Bonus
    $3,163
    Other
    $12,335
    Deferred
    $59,147
    Nontaxable benefits
    $14,520
    Filer's total
    $276,126

  • G Scott Welch

    DISTRICT MANAGER

    Total calculated
    $323,091
    From this org
    $201,793
    From related orgs
    $0
    Other
    $121,298
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $191,398
    Bonus
    $5,245
    Other
    $5,150
    Deferred
    $84,127
    Nontaxable benefits
    $37,171
    Filer's total
    $323,091

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

  • PLUMAS-SIERRA TELECOMMUNICATIONS

    C · INTERNET ACCESS · CA · 100% owned · share of income $8,766,651 · share of assets $68,107,503

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503089349301930

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