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Nonprofiteer
← ANZA ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by ANZA ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$18,570,495
Total expenses
$18,129,284
Contributions and grants received
$0
Grants paid
$20,050
Program service revenue
$18,464,630
Investment income
$42,545
Other revenue
$63,320
Total assets, end of year
$49,648,295
Total liabilities, end of year
$32,696,472
Net assets or fund balances, end of year
$16,951,823
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: SALES OF ELECTRICITY

    total $16,017,329 · related or exempt $16,017,329

  • 2b · Program service revenue: BROADBAND INTERNET SERVICE

    total $2,256,326 · related or exempt $2,256,326

  • 2c · Program service revenue: PATRONAGE DIVIDENDS

    total $190,975 · related or exempt $190,975

  • 3 · Investment income

    total $42,545 · excluded $42,545

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $63,320 · excluded $63,320

  • 11e · Other revenue, total

    $63,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,050

  • 4 · Benefits paid to or for members

    total $534,835

  • 5 · Compensation of officers, directors and key employees

    total $700,809

  • 7 · Other salaries and wages

    total $2,127,334

  • 8 · Pension plan contributions

    total $813,954

  • 9 · Other employee benefits

    total $537,059

  • 10 · Payroll taxes

    total $184,985

  • 20 · Interest

    total $855,437

  • 22 · Depreciation, depletion and amortization

    total $1,680,906

  • 24a · Other expenses: PURCHASED POWER

    total $8,043,082

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,131,830

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $763,243

  • 24d · Other expenses: CONSUMER EXPENSE

    total $466,949

  • 24e · All other expenses

    total $268,811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $668,277 · end of year $886,539

  • 2 · Savings and temporary cash investments

    beginning of year $588,845 · end of year $603,830

  • 4 · Accounts receivable

    beginning of year $8,817,105 · end of year $9,083,367

  • 8 · Inventories for sale or use

    beginning of year $1,448,012 · end of year $1,570,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,811 · end of year $116,036

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

    $54,538,524

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

    $22,383,251

  • 10c · Land, buildings and equipment, net

    beginning of year $30,261,301 · end of year $32,155,273

  • 13 · Investments: program-related

    beginning of year $4,920,038 · end of year $5,049,488

  • 15 · Other assets

    beginning of year $168,510 · end of year $183,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,305,264 · end of year $1,175,614

  • 21 · Escrow or custodial account liability

    beginning of year $10,071 · end of year $24,845

  • 23 · Secured mortgages and notes payable

    beginning of year $19,047,220 · end of year $20,936,839

  • 25 · Other liabilities

    beginning of year $10,800,990 · end of year $10,559,174

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,260 · end of year $1,050

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,869,094 · end of year $16,950,773

Mission and programs · 2023

Mission

ANZA ELECTRIC COOPERATIVE EXISTS TO PROVIDE RELIABLE UTILITY SERVICES TO ITS MEMBERS AND OWNERS.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 4,820 ACTIVE SERVICES AT YEAR END. THIS HAS BEEN THE PRIMARY PURPOSE OF THE COOPERATIVE SINCE 1955.

  • CONNECTANZA DIVISION:A SEPARATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET SERVICES TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. 2,945 FIBER OPTIC BROADBAND SERVICES OF THE CONNECTANZA DIVISION AT YEAR END WERE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT NET MARGINS WILL EXCEED CUMMULATIVE LOSSES FOR SUCH DIVISION.

As filed on the 2023 return.

Listed in Part VII

  • Ryall Stewart

    PRESIDENT

    Total calculated
    $15,026
    From this org
    $15,026
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • Kathleen Hope Adams

    DIRECTOR (MAR-DEC)

    Total calculated
    $15,072
    From this org
    $15,072
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.7

  • Wa Ainsworth

    DIRECTOR

    Total calculated
    $13,299
    From this org
    $13,299
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Harold Burdick

    TREASURER

    Total calculated
    $13,520
    From this org
    $13,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • Stephan Lauzier

    VICE PRESIDENT

    Total calculated
    $13,299
    From this org
    $13,299
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Diane Sieker

    DIRECTOR

    Total calculated
    $11,969
    From this org
    $11,969
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Stephen Silkotch

    SECRETARY

    Total calculated
    $15,515
    From this org
    $15,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • Michael James Machado

    DIRECTOR (JAN-FEB)

    Total calculated
    $2,216
    From this org
    $2,216
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Kevin M Short

    GENERAL MANAGER

    Total calculated
    $600,893
    From this org
    $404,726
    From related orgs
    $0
    Other
    $196,167
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $378,141
    Bonus
    $15,286
    Other
    $11,299
    Deferred
    $170,785
    Nontaxable benefits
    $25,382
    Filer's total
    $600,893

  • Sandy King

    ENGINEERING SUPERVISOR

    Total calculated
    $191,426
    From this org
    $137,970
    From related orgs
    $0
    Other
    $53,456
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $135,982
    Bonus
    $1,689
    Other
    $299
    Deferred
    $22,811
    Nontaxable benefits
    $30,645
    Filer's total
    $191,426

  • Shawn Trento

    TELECOMMUNICATIONS MANAGER

    Total calculated
    $188,040
    From this org
    $133,498
    From related orgs
    $0
    Other
    $54,542
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,499
    Bonus
    $1,689
    Other
    $1,310
    Deferred
    $23,903
    Nontaxable benefits
    $30,639
    Filer's total
    $188,040

  • Jose Razo

    OPERATIONS FOREMAN

    Total calculated
    $167,029
    From this org
    $133,160
    From related orgs
    $0
    Other
    $33,869
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,260
    Bonus
    $1,689
    Other
    $211
    Deferred
    $8,694
    Nontaxable benefits
    $25,175
    Filer's total
    $167,029

  • Laura Snider-Manseau

    OFFICE SERVICES MANAGER

    Total calculated
    $210,033
    From this org
    $132,899
    From related orgs
    $0
    Other
    $77,134
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $128,517
    Bonus
    $1,689
    Other
    $2,693
    Deferred
    $52,997
    Nontaxable benefits
    $24,137
    Filer's total
    $210,033

  • Brian Baharie

    OPERATIONS MANAGER

    Total calculated
    $202,240
    From this org
    $131,280
    From related orgs
    $0
    Other
    $70,960
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $126,016
    Bonus
    $1,689
    Other
    $3,575
    Deferred
    $47,655
    Nontaxable benefits
    $23,305
    Filer's total
    $202,240

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 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. KEVIN M. SHORT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 159,847 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,938 TOTAL REPORTED IN COLUMN C $ 170,785 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (159,847) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 156,222 EXPENSE TO THE COOPERTIVE $ 167,160 LAURA SNIDER-MANSEAU: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 49,044 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,953 TOTAL REPORTED IN COLUMN C $ 52,997 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (49,044) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 61,542 EXPENSE TO THE COOPERTIVE $ 65,495 BRIAN BAHARIE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 43,777 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,878 TOTAL REPORTED IN COLUMN C $ 47,655 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (43,777) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 60,595 EXPENSE TO THE COOPERTIVE $ 64,473 SANDY KING: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 20,689 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,122 TOTAL REPORTED IN COLUMN C $ 22,811 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (20,689) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 56,126 EXPENSE TO THE COOPERTIVE $ 58,248 SHAWN TRENTO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 19,988 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,915 TOTAL REPORTED IN COLUMN C $ 23,903 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (19,988) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 60,595 EXPENSE TO THE COOPERTIVE $ 64,510 JOSE RAZO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,264 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,430 TOTAL REPORTED IN COLUMN C $ 8,694 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,264) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,805 EXPENSE TO THE COOPERTIVE $ 45,235

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
15 November 2024
IRS schema version
2023v5.1
Source object
202423219349301202

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