Form 990 for tax year 2023
Filed by SAM RAYBURN DAM ELECTRIC COOPERATIVE INC.
Totals
- Total revenue
- $4,628,984
- Total expenses
- $4,796,899
- Contributions and grants received
- $64,725
- Grants paid
- $0
- Program service revenue
- $4,563,792
- Investment income
- $467
- Other revenue
- $0
- Total assets, end of year
- $5,877,703
- Total liabilities, end of year
- $474,141
- Net assets or fund balances, end of year
- $5,403,562
- 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.
-
1f · All other contributions, gifts and grants
$64,725
-
2a · Program service revenue: SALE OF ELECTRICITY
total $4,563,792 · related or exempt $4,563,792
-
3 · Investment income
total $467 · excluded $467
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $6,000
-
11g · Fees: other
total $34,702
-
22 · Depreciation, depletion and amortization
total $174,436
-
23 · Insurance
total $660
-
24a · Other expenses: PURCHASED ELECTRIC POWER
total $4,563,790
-
24b · Other expenses: DUES
total $17,311
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,175 · end of year $75,763
-
4 · Accounts receivable
beginning of year $401,643 · end of year $344,540
-
10a · Land, buildings and equipment: cost or other basis
$6,555,716
-
10b · Land, buildings and equipment: accumulated depreciation
$1,098,316
-
10c · Land, buildings and equipment, net
beginning of year $5,631,836 · end of year $5,457,400
-
17 · Accounts payable and accrued expenses
beginning of year $477,177 · end of year $474,141
-
29 · Capital stock, trust principal or current funds
beginning of year $300 · end of year $300
-
31 · Retained earnings, endowment or other funds
beginning of year $5,571,177 · end of year $5,403,262
Mission and programs · 2023
Mission
SALE OF ELECTRICAL POWER TO MEMBERS
Activities or mission (Part I)
SALE OF ELECTRICAL POWER TO MEMBERS.
-
SALE OF ELECTRICAL POWER TO MEMBERS
As filed on the 2023 return.
Listed in Part VII
-
Marcus RenfrowMARCUS RENFROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark TamplinMARK TAMPLIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Clarke EvansCLARKE EVANS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Carl PickettCARL PICKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce MintzBRUCE MINTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathi CalvertKATHI CALVERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Doug TurkDOUG TURK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Denise KelleyDENISE KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony J GoffANTHONY J GOFF
SEC/TREASURE
- Total calculated
- $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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433119349302538
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