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Nonprofiteer
← MOON LAKE ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by MOON LAKE ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$84,270,268
Total expenses
$80,826,724
Contributions and grants received
$0
Grants paid
$70,779
Program service revenue
$83,401,526
Investment income
$800,596
Other revenue
$68,146
Total assets, end of year
$157,473,371
Total liabilities, end of year
$52,090,103
Net assets or fund balances, end of year
$105,383,268
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$80,826,724

Program services were 0.0% 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: SALE OF ELECTRICITY

    total $82,832,943 · related or exempt $82,832,943 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $568,583 · related or exempt $568,583 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $780,853 · related or exempt $780,853 · unrelated business $0 · excluded $0

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $65,287 · personal property $2,859

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $65,287 · personal property $2,859

  • 6d · Net rental income or loss

    total $68,146 · related or exempt $68,146 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $98,037

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

    securities $0 · other assets $78,294

  • 7c · Gain or loss

    securities $0 · other assets $19,743

  • 7d · Net gain or loss

    total $19,743 · related or exempt $19,743 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,397

  • 2 · Grants to domestic individuals

    total $24,382

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $13,695

  • 5 · Compensation of officers, directors and key employees

    total $838,955

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,462,494

  • 8 · Pension plan contributions

    total $1,181,538

  • 9 · Other employee benefits

    total $1,711,334

  • 10 · Payroll taxes

    total $490,235

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $49,996

  • 11c · Fees: accounting

    total $14,438

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 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 $0

  • 20 · Interest

    total $1,032,645

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,420,093

  • 23 · Insurance

    total $0

  • 24a · Other expenses: POWER PURCHASED & PRODUCTION

    total $59,717,850

  • 24b · Other expenses: DISTRIBUTION OPERATION & MAINTENANCE

    total $3,484,805

  • 24c · Other expenses: ADMIN & GENERAL

    total $2,467,033

  • 24d · Other expenses: TRANSMISSION OPERATION & MAINTENANCE

    total $134,612

  • 24e · All other expenses

    total $736,222

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $950 · end of year $950

  • 2 · Savings and temporary cash investments

    beginning of year $10,742,837 · end of year $7,578,183

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $8,187,124 · end of year $9,307,130

  • 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 $1,375 · end of year $1,408

  • 8 · Inventories for sale or use

    beginning of year $3,994,957 · end of year $5,317,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $260,394 · end of year $596,675

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

    $165,665,914

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

    $78,187,512

  • 10c · Land, buildings and equipment, net

    beginning of year $82,259,581 · end of year $87,478,402

  • 11 · Investments: publicly traded securities

    beginning of year $16,720,188 · end of year $41,277,824

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $1,390,832 · end of year $1,390,832

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,211,952 · end of year $4,524,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,371,156 · end of year $12,260,671

  • 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 $8,101,008 · end of year $32,641,174

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,093,213 · end of year $7,188,258

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $95,214,951 · end of year $101,939,724

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,989,862 · end of year $3,443,544

Mission and programs · 2022

Mission

Provide a safe and efficient electrical system to deliver power to members.

  • Provide a safe and efficient electrical system to deliver power to members.

    Expenses $80,826,724 · Revenue $84,270,268

As filed on the 2022 return.

Listed in Part VII

  • Yankton Johnson

    General Manager/CEO

    Total calculated
    $307,493
    From this org
    $213,814
    From related orgs
    $0
    Other
    $93,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,637
    Bonus
    $21,200
    Other
    $5,977
    Deferred
    $57,387
    Nontaxable benefits
    $36,292
    Filer's total
    $307,493

  • Michael J Griffiths

    Manager - Engineering

    Total calculated
    $284,181
    From this org
    $193,799
    From related orgs
    $0
    Other
    $90,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,035
    Bonus
    $40,000
    Other
    $1,764
    Deferred
    $47,764
    Nontaxable benefits
    $42,618
    Filer's total
    $284,181

  • Grant J Earl

    General Manager/CEO - Retired

    Total calculated
    $252,643
    From this org
    $242,828
    From related orgs
    $0
    Other
    $9,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $33,430
    Bonus
    $760
    Other
    $208,639
    Deferred
    $7,942
    Nontaxable benefits
    $1,873
    Filer's total
    $252,644

  • Robert Uresk

    Manager - Operations - Retired

    Total calculated
    $235,049
    From this org
    $173,103
    From related orgs
    $0
    Other
    $61,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,920
    Bonus
    $18,550
    Other
    $4,633
    Deferred
    $45,410
    Nontaxable benefits
    $16,536
    Filer's total
    $235,049

  • John Zilles

    CFO/Manager of Finance

    Total calculated
    $217,695
    From this org
    $145,329
    From related orgs
    $0
    Other
    $72,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,496
    Bonus
    $15,750
    Other
    $3,082
    Deferred
    $40,728
    Nontaxable benefits
    $31,638
    Filer's total
    $217,694

  • Curtis F Miles

    Manager - Operations

    Total calculated
    $215,601
    From this org
    $144,752
    From related orgs
    $0
    Other
    $70,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,535
    Bonus
    $1,200
    Other
    $19,017
    Deferred
    $41,057
    Nontaxable benefits
    $29,792
    Filer's total
    $215,601

  • Nathan D Goodrich

    Manager of Information Technology

    Total calculated
    $202,383
    From this org
    $139,630
    From related orgs
    $0
    Other
    $62,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,937
    Bonus
    $12,250
    Other
    $21,443
    Deferred
    $30,574
    Nontaxable benefits
    $32,179
    Filer's total
    $202,383

  • Shane V Mecham

    Line Crew Forman

    Total calculated
    $189,030
    From this org
    $132,826
    From related orgs
    $0
    Other
    $56,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,052
    Bonus
    $0
    Other
    $37,774
    Deferred
    $29,994
    Nontaxable benefits
    $26,210
    Filer's total
    $189,030

  • Russell R Williamsen

    Purchasing Agent

    Total calculated
    $181,657
    From this org
    $125,937
    From related orgs
    $0
    Other
    $55,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,269
    Bonus
    $150
    Other
    $29,518
    Deferred
    $31,486
    Nontaxable benefits
    $24,235
    Filer's total
    $181,658

  • Darrin J Fieldsted

    Line Crew Forman

    Total calculated
    $177,852
    From this org
    $126,948
    From related orgs
    $0
    Other
    $50,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,630
    Bonus
    $2,320
    Other
    $10,998
    Deferred
    $31,415
    Nontaxable benefits
    $19,489
    Filer's total
    $177,852

  • Tommy Kent Olsen

    Board Member

    Total calculated
    $27,846
    From this org
    $27,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Randon J Vincent

    Board President

    Total calculated
    $26,451
    From this org
    $26,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gregory Miles

    Board Member

    Total calculated
    $20,350
    From this org
    $20,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kenneth A Moon

    Board Member

    Total calculated
    $19,613
    From this org
    $19,613
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alan Robert Ducey

    Board Member

    Total calculated
    $19,250
    From this org
    $19,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Josh Hunter

    Board Secretary

    Total calculated
    $18,950
    From this org
    $18,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bert AL Potts

    Board Member

    Total calculated
    $13,613
    From this org
    $13,613
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeffory B Henderson

    Board Member - Retired

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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 · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Per the CFO/Manager of Finance and CEO/General Manager, all employees received gross-up payments to assist with the taxes associated to the employee's Christmas gifts and bonus.
Schedule J, Part I, Line 1b
Per the Moon Lake Electric Travel Policy all employees are allowed to take their spouse on 1 trip per year paid by Moon Lake Electric Association Inc. The cost of the spouse travel is added as a taxable benefit and reported on the employees W2 in Box 1, 3, and 5.

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

  • DUCHESNE COUNTY

    $5,702

    DONATION TO THE DUCHENSE COUNTY JR LIVESTOCK PROGRAM FOR THE 2022 DUCHESNE COUNTY FAIR.

Provenance

Return type
form_990
Tax year
2022
Filed
23 March 2023
IRS schema version
2022v5.0
Source object
202310829349301111

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