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Nonprofiteer
← SURPRISE VALLEY ELECTRIFICATION CORP

Form 990 for tax year 2023

Filed by SURPRISE VALLEY ELECTRIFICATION CORP.

Totals

Total revenue
$14,520,054
Total expenses
$14,522,001
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,422,652
Investment income
$44,551
Other revenue
$52,851
Total assets, end of year
$56,423,208
Total liabilities, end of year
$23,376,785
Net assets or fund balances, end of year
$33,046,423
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: Electrical Energy Sales

    total $14,310,420 · related or exempt $14,310,420

  • 2b · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $61,798 · related or exempt $61,798

  • 2c · Program service revenue: POLE RENTAL

    total $50,434 · excluded $50,434

  • 3 · Investment income

    total $44,551 · excluded $44,551

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CA Air Rescources

    total $56,510 · related or exempt $56,510

  • 11b · Other revenue: Merchandising, net

    total -$3,659 · related or exempt -$3,659

  • 11c · Other revenue: Miscellaneous

  • 11e · Other revenue, total

    $52,851

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 $1,261,772

  • 5 · Compensation of officers, directors and key employees

    total $752,702

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,602,346

  • 8 · Pension plan contributions

    total $733,025

  • 9 · Other employee benefits

    total $468,266

  • 10 · Payroll taxes

    total $222,551

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 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 $582,336

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,416,220

  • 23 · Insurance

    total $0

  • 24a · Other expenses: cost of power

    total $4,489,328

  • 24b · Other expenses: DISTRIBUTION COSTS

    total $2,710,280

  • 24c · Other expenses: ADMIN & GENERAL EXP

    total $1,829,364

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $627,030

  • 24e · All other expenses

    total -$4,173,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $325 · end of year $325

  • 2 · Savings and temporary cash investments

    beginning of year $1,444,012 · end of year $1,705,595

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,233,032 · end of year $1,115,316

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $870,639 · end of year $1,109,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $241,506 · end of year $246,387

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

    $92,428,761

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

    $41,000,283

  • 10c · Land, buildings and equipment, net

    beginning of year $51,699,747 · end of year $51,428,478

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $740,032 · end of year $770,488

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $45,554 · end of year $47,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,396,378 · end of year $1,174,847

  • 23 · Secured mortgages and notes payable

    beginning of year $22,706,016 · end of year $21,876,036

  • 25 · Other liabilities

    beginning of year $245,814 · end of year $325,902

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,740 · end of year $22,695

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

    beginning of year $3,113,559 · end of year $3,254,717

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,790,340 · end of year $29,769,011

Mission and programs · 2023

Mission

PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA

  • PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA

As filed on the 2023 return.

Listed in Part VII

  • Bradley A Kresge

    GENERAL MANAGER

    Total calculated
    $396,603
    From this org
    $236,084
    From related orgs
    $0
    Other
    $160,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,084
    Bonus
    not reported
    Other
    not reported
    Deferred
    $139,180
    Nontaxable benefits
    $21,339
    Filer's total
    $396,603

  • Dennis Reed

    OPS MGR/LINE SUPER

    Total calculated
    $274,262
    From this org
    $155,789
    From related orgs
    $0
    Other
    $118,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,789
    Bonus
    not reported
    Other
    not reported
    Deferred
    $97,846
    Nontaxable benefits
    $20,627
    Filer's total
    $274,262

  • John Minto

    Engineer

    Total calculated
    $245,729
    From this org
    $140,930
    From related orgs
    $0
    Other
    $104,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,930
    Bonus
    not reported
    Other
    not reported
    Deferred
    $84,337
    Nontaxable benefits
    $20,462
    Filer's total
    $245,729

  • Matthew Eversole

    Line Foreman

    Total calculated
    $228,044
    From this org
    $133,170
    From related orgs
    $0
    Other
    $94,874
    Hours/week
    40.88

    Schedule J breakdown matched by us

    Base
    $133,170
    Bonus
    not reported
    Other
    not reported
    Deferred
    $74,483
    Nontaxable benefits
    $20,391
    Filer's total
    $228,044

  • Anthony Silva

    WORKING FOREMAN

    Total calculated
    $210,061
    From this org
    $132,116
    From related orgs
    $0
    Other
    $77,945
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $132,116
    Bonus
    not reported
    Other
    not reported
    Deferred
    $57,640
    Nontaxable benefits
    $20,305
    Filer's total
    $210,061

  • Joseph Johnson

    Controller

    Total calculated
    $206,726
    From this org
    $127,985
    From related orgs
    $0
    Other
    $78,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,985
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,394
    Nontaxable benefits
    $20,347
    Filer's total
    $206,726

  • Jesse Harer

    Serviceman

    Total calculated
    $206,153
    From this org
    $130,713
    From related orgs
    $0
    Other
    $75,440
    Hours/week
    41.28

    Schedule J breakdown matched by us

    Base
    $130,713
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,137
    Nontaxable benefits
    $20,303
    Filer's total
    $206,153

  • Raymond J Cloud

    SECRETARY

    Total calculated
    $22,485
    From this org
    $22,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Craig W Joiner

    Director

    Total calculated
    $21,302
    From this org
    $21,302
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Kyle Weber

    Director

    Total calculated
    $21,302
    From this org
    $21,302
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Wesley Cook

    Director

    Total calculated
    $21,227
    From this org
    $21,227
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Dennis J Flynn

    BOARD PRESIDENT

    Total calculated
    $21,152
    From this org
    $21,152
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Scott Warner

    Vice President

    Total calculated
    $21,002
    From this org
    $21,002
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • John A Erquiaga

    Director

    Total calculated
    $20,903
    From this org
    $20,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

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 · Written employment contract
  • 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
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202442709349301304

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