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Nonprofiteer
← LEWIS COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2023

Filed by LEWIS COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$18,981,133
Total expenses
$18,981,133
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,857,184
Investment income
$98,675
Other revenue
$25,274
Total assets, end of year
$59,467,013
Total liabilities, end of year
$36,798,613
Net assets or fund balances, end of year
$22,668,400
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: Sale of Electricity

    total $17,968,782 · related or exempt $17,968,782

  • 2b · Program service revenue: Capital Credits

    total $750,084 · related or exempt $750,084

  • 2c · Program service revenue: Other Operating

    total $138,318 · related or exempt $138,318

  • 3 · Investment income

    total $98,675 · excluded $98,675

  • 6a · Gross rents

    personal property $8,735

  • 6c · Rental income or loss

    personal property $8,735

  • 6d · Net rental income or loss

    total $8,735 · excluded $8,735

  • 11a · Other revenue: Non-Operating

    total $16,539 · related or exempt $16,539

  • 11e · Other revenue, total

    $16,539

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,872,780

  • 5 · Compensation of officers, directors and key employees

    total $546,041

  • 7 · Other salaries and wages

    total $814,729

  • 20 · Interest

    total $1,161,711

  • 22 · Depreciation, depletion and amortization

    total $1,734,904

  • 24a · Other expenses: Cost of Power

    total $7,802,192 · program services $7,802,192

  • 24b · Other expenses: Distribution Expense

    total $2,328,373 · program services $2,328,373

  • 24c · Other expenses: Admin & General

    total $1,085,744 · program services $1,085,744

  • 24d · Other expenses: Member Services

    total $634,659 · program services $634,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,270,327 · end of year $686,778

  • 2 · Savings and temporary cash investments

    end of year $286,319

  • 4 · Accounts receivable

    beginning of year $1,631,774 · end of year $1,725,930

  • 8 · Inventories for sale or use

    beginning of year $134,918 · end of year $151,495

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,633 · end of year $98,975

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

    $55,024,696

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

    $6,510,876

  • 10c · Land, buildings and equipment, net

    beginning of year $46,765,755 · end of year $48,513,820

  • 13 · Investments: program-related

    beginning of year $7,682,540 · end of year $8,003,696

  • 15 · Other assets

    beginning of year $56,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,600,966 · end of year $1,342,002

  • 23 · Secured mortgages and notes payable

    beginning of year $35,292,549 · end of year $35,007,829

  • 25 · Other liabilities

    beginning of year $554,474 · end of year $448,782

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$75,471 · end of year $47,224

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,224,434 · end of year $22,621,176

Mission and programs · 2023

Mission

To provide reliable energy and related services to our members at the lowest cost.

  • The Cooperatives service consists of 2,477 miles of energized line servicing approximately 7,350 meters. The service area covers part of 7 counties: Lewis, Clark, Knox, Adair, Shelby, Scotland, and Marion and the towns of Novelty, Arbela, Granger, Durham, Maywood, Monticello, and Medill.

As filed on the 2023 return.

Listed in Part VII

  • Kendall Hawkins

    Operations Manager

    Total calculated
    $183,086
    From this org
    $116,210
    From related orgs
    $0
    Other
    $66,876
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $116,210
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,866
    Nontaxable benefits
    $35,010
    Filer's total
    $183,086

  • Terry OBrien

    Field Engineer

    Total calculated
    $180,812
    From this org
    $102,513
    From related orgs
    $0
    Other
    $78,299
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $102,513
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,426
    Nontaxable benefits
    $34,873
    Filer's total
    $180,812

  • Staci Mesmer

    CEO

    Total calculated
    $173,925
    From this org
    $100,756
    From related orgs
    $0
    Other
    $73,169
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $100,756
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,547
    Nontaxable benefits
    $34,622
    Filer's total
    $173,925

  • Rustyn Carter

    Lead Lineman

    Total calculated
    $164,181
    From this org
    $109,379
    From related orgs
    $0
    Other
    $54,802
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $109,379
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,780
    Nontaxable benefits
    $24,022
    Filer's total
    $164,181

  • Theresa Simmons

    Manager of Finance

    Total calculated
    $162,997
    From this org
    $106,898
    From related orgs
    $0
    Other
    $56,099
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $106,898
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,955
    Nontaxable benefits
    $17,144
    Filer's total
    $162,997

  • Joseph Lay

    Lead Lineman

    Total calculated
    $154,831
    From this org
    $104,236
    From related orgs
    $0
    Other
    $50,595
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $104,236
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,857
    Nontaxable benefits
    $34,738
    Filer's total
    $154,831

  • Shawn Walling

    CEO

    Total calculated
    $133,119
    From this org
    $108,963
    From related orgs
    $0
    Other
    $24,156
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $108,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,865
    Nontaxable benefits
    $22,291
    Filer's total
    $133,119

  • Shannon Killday

    Asst Area Lineman

    Total calculated
    $131,819
    From this org
    $101,243
    From related orgs
    $0
    Other
    $30,576
    Hours/week
    45

  • Larry Clark

    Director

    Total calculated
    $11,500
    From this org
    $11,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.12

  • Sandra Ebeling

    Director

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.25

  • Donna Flood

    Director

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.21

  • Larry Smoot

    Director

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Randy James

    Director

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.59

  • Angie Seals

    Director

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.88

  • Michael Schantz

    Director

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • Jeff Whiston

    Director

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.88

  • Emery Geisendorfer Jr

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.21

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 · 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
12 November 2024
IRS schema version
2023v5.1
Source object
202443199349308184

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