Form 990 for tax year 2022
Filed by OKANOGAN COUNTY ELECTRIC COOPERATIVE INCORPATIVE.
Totals
- Total revenue
- $6,956,997
- Total expenses
- $6,788,584
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,803,541
- Investment income
- $97,833
- Other revenue
- $55,623
- Total assets, end of year
- $16,283,645
- Total liabilities, end of year
- $5,829,190
- Net assets or fund balances, end of year
- $10,454,455
- 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: Electricity Sales
total $6,803,541 · related or exempt $6,803,541
-
3 · Investment income
total $70,993 · related or exempt $43,760 · excluded $27,233
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $40,800 · personal property $9,766
-
6c · Rental income or loss
real property $40,800 · personal property $9,766
-
6d · Net rental income or loss
total $50,566 · unrelated business $24,000 · excluded $26,566
-
7a · Gross sales of assets other than inventory
other assets $26,840
-
7c · Gain or loss
other assets $26,840
-
7d · Net gain or loss
total $26,840 · excluded $26,840
-
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: Admin processing fee
total $5,057 · unrelated business $5,057
-
11e · Other revenue, total
$5,057
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 $263,321
-
5 · Compensation of officers, directors and key employees
total $422,961
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,164,281
-
8 · Pension plan contributions
total $187,346
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $140,445
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $10,408
-
11c · Fees: accounting
total $22,882
-
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 $147,456
-
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 $199,375
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $462,977
-
23 · Insurance
total $14,539
-
24a · Other expenses: Cost of power
total $3,408,214
-
24b · Other expenses: Admin and general
total $979,630
-
24c · Other expenses: Distribution - maintenance
total $748,716
-
24d · Other expenses: Consumer accounts
total $336,249
-
24e · All other expenses
total -$1,720,216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $367,958 · end of year $491,809
-
2 · Savings and temporary cash investments
beginning of year $78,657 · end of year $191,104
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $870,464 · end of year $1,121,862
-
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
beginning of year $921,022 · end of year $769,927
-
8 · Inventories for sale or use
beginning of year $363,689 · end of year $440,787
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$17,320,523
-
10b · Land, buildings and equipment: accumulated depreciation
$5,951,113
-
10c · Land, buildings and equipment, net
beginning of year $10,658,481 · end of year $11,369,410
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,773,255 · end of year $1,898,746
-
17 · Accounts payable and accrued expenses
beginning of year $854,076 · end of year $974,353
-
23 · Secured mortgages and notes payable
beginning of year $3,730,595 · end of year $4,339,527
-
24 · Unsecured notes and loans payable
end of year $300,000
-
25 · Other liabilities
beginning of year $210,856 · end of year $215,310
-
29 · Capital stock, trust principal or current funds
beginning of year $17,145 · end of year $17,320
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $6,724,637 · end of year $6,678,419
-
31 · Retained earnings, endowment or other funds
beginning of year $3,496,217 · end of year $3,758,716
Mission and programs · 2022
Mission
To build and maintain an electric distribution system and to distribute electrical energy to its members within its service territory.
-
The cooperative purchased and provided electric energy to its members.
As filed on the 2022 return.
Listed in Part VII
-
Greg Mendonca
General Manager
- Total calculated
- $272,415
- From this org
- $214,381
- From related orgs
- $0
- Other
- $58,034
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,937
- Bonus
- not reported
- Other
- $444
- Deferred
- $32,091
- Nontaxable benefits
- $25,943
- Filer's total
- $272,415
-
Chris Zahn
Serviceman
- Total calculated
- $200,151
- From this org
- $155,307
- From related orgs
- $0
- Other
- $44,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,717
- Bonus
- $39,391
- Other
- $199
- Deferred
- $17,357
- Nontaxable benefits
- $27,487
- Filer's total
- $200,151
-
Glenn Huber
Operations Manager
- Total calculated
- $188,588
- From this org
- $140,182
- From related orgs
- $0
- Other
- $48,406
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $139,597
- Bonus
- not reported
- Other
- $585
- Deferred
- $20,940
- Nontaxable benefits
- $27,466
- Filer's total
- $188,588
-
Uriel Medrano
Journeyman Lineman
- Total calculated
- $171,282
- From this org
- $130,777
- From related orgs
- $0
- Other
- $40,505
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $102,769
- Bonus
- $27,896
- Other
- $112
- Deferred
- $15,416
- Nontaxable benefits
- $25,089
- Filer's total
- $171,282
-
Tracy McCabe
Mgr of Fin/Adm
- Total calculated
- $139,646
- From this org
- $105,084
- From related orgs
- $0
- Other
- $34,562
- Hours/week
- 40
-
Robert Faulkner
Journeyman Lineman
- Total calculated
- $124,969
- From this org
- $101,351
- From related orgs
- $0
- Other
- $23,618
- Hours/week
- 40
-
Sara Carlberg
Director
- Total calculated
- $1,800
- From this org
- $1,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Michael Murray
Vice President
- Total calculated
- $1,800
- From this org
- $1,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dale Sekijima
President
- Total calculated
- $1,800
- From this org
- $1,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Alan Watson
Sec/Treas
- Total calculated
- $1,800
- From this org
- $1,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Travis Thornton
Director
- Total calculated
- $1,700
- From this org
- $1,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
John Rogers
Director
- Total calculated
- $1,100
- From this org
- $1,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Charles 'Rick' Johnson
Director
- Total calculated
- $900
- From this org
- $900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
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 · 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.
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.
-
Okanogan County Energy Inc
C Corp · Sales of propane · WA · 100% owned · controlled entity
Directly controlled by Okanogan County Elec
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349311021
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