Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $56,855,621 · related or exempt $56,855,621

• 2b · Program service revenue: CONTRIB. IN AID OF CONST.

  total $313,965 · related or exempt $313,965

• 2c · Program service revenue: CASH PATRONAGE RECEIVED

  total $189,366 · related or exempt $189,366

• 3 · Investment income

  total $73,913 · excluded $73,913

• 6a · Gross rents

  real property $7,450 · personal property $109,169

• 6c · Rental income or loss

  real property $7,450 · personal property $109,169

• 6d · Net rental income or loss

  total $116,619 · related or exempt $7,450 · excluded $109,169

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

  other assets $2,924

• 7c · Gain or loss

  other assets -$2,924

• 7d · Net gain or loss

  total -$2,924 · excluded -$2,924

• 11a · Other revenue: OTHER

  total $4,453 · related or exempt $4,453

• 11b · Other revenue: LOSS FROM EQUITY INV.

  total -$251,942 · related or exempt -$251,942

• 11e · Other revenue, total

  -$247,489

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $48,147

• 4 · Benefits paid to or for members

  total $2,148,672

• 5 · Compensation of officers, directors and key employees

  total $1,155,601

• 7 · Other salaries and wages

  total $4,580,821

• 8 · Pension plan contributions

  total $1,089,731

• 9 · Other employee benefits

  total $63,242

• 10 · Payroll taxes

  total $423,510

• 11b · Fees: legal

  total $277,259

• 17 · Travel

  total $697,508

• 19 · Conferences, conventions and meetings

  total $175,589

• 20 · Interest

  total $1,995,019

• 22 · Depreciation, depletion and amortization

  total $4,939,956

• 24a · Other expenses: COST OF POWER

  total $35,276,502

• 24b · Other expenses: DIST. MAINTENANCE

  total $2,826,055

• 24c · Other expenses: ADMIN & GENERAL

  total $2,056,184

• 24d · Other expenses: DIST. OPERATION

  total $1,809,939

• 24e · All other expenses

  total -$1,244,733

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,570,158 · end of year $3,180,743

• 2 · Savings and temporary cash investments

  beginning of year $30,222 · end of year $30,234

• 4 · Accounts receivable

  beginning of year $6,998,069 · end of year $6,667,075

• 7 · Other notes and loans receivable

  beginning of year $583,540 · end of year $441,195

• 8 · Inventories for sale or use

  beginning of year $1,189,164 · end of year $1,936,303

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,642,464 · end of year $1,484,796

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

  $145,926,460

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

  $50,262,008

• 10c · Land, buildings and equipment, net

  beginning of year $92,075,529 · end of year $95,664,452

• 12 · Investments: other securities

  beginning of year $6,736,129 · end of year $4,125,717

• 13 · Investments: program-related

  beginning of year $13,286,603 · end of year $14,312,798

• 17 · Accounts payable and accrued expenses

  beginning of year $5,766,995 · end of year $6,827,381

• 23 · Secured mortgages and notes payable

  beginning of year $48,464,329 · end of year $51,348,551

• 24 · Unsecured notes and loans payable

  beginning of year $896,223 · end of year $803,846

• 25 · Other liabilities

  beginning of year $8,664,518 · end of year $6,156,599

• 31 · Retained earnings, endowment or other funds

  beginning of year $60,319,813 · end of year $62,706,936

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

GEORGE D. LANGSTON 50,000 0 0