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Nonprofiteer
← ACCESS ENERGY COOPERATIVE

Form 990 for tax year 2024

Filed by ACCESS ENERGY COOPERATIVE.

Totals

Total revenue
$41,357,604
Total expenses
$39,621,256
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,992,842
Investment income
$347,936
Other revenue
$16,826
Total assets, end of year
$111,211,310
Total liabilities, end of year
$50,744,641
Net assets or fund balances, end of year
$60,466,669
Program services expenses (Part IX)
$39,621,256
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$39,621,256

Program services were 100.0% 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: SALES OF ENERGY

    total $39,588,686 · related or exempt $39,588,686

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $2,001,651 · excluded $2,001,651

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $204,472 · excluded $204,472

  • 2d · Program service revenue: OTHER ELECTRIC REVENUES

    total -$801,967 · related or exempt -$801,967

  • 3 · Investment income

    total $305,412 · excluded $305,412

  • 7a · Gross sales of assets other than inventory

    other assets $47,500

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

    other assets $4,976

  • 7c · Gain or loss

    other assets $42,524

  • 7d · Net gain or loss

    total $42,524 · related or exempt $42,524

  • 11a · Other revenue: MISC NONOP INCOME

    total $16,967 · unrelated business $16,967

  • 11b · Other revenue: SUBSIDIARY EARNINGS

    total -$141 · related or exempt -$141

  • 11e · Other revenue, total

    $16,826

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,349,729 · program services $1,349,729

  • 5 · Compensation of officers, directors and key employees

    total $716,448 · program services $716,448

  • 7 · Other salaries and wages

    total $801,123 · program services $801,123

  • 20 · Interest

    total $1,725,659 · program services $1,725,659

  • 22 · Depreciation, depletion and amortization

    total $2,403,284 · program services $2,403,284

  • 24a · Other expenses: PURCHASED POWER

    total $26,254,006 · program services $26,254,006

  • 24b · Other expenses: OPERATIONS

    total $3,043,998 · program services $3,043,998

  • 24c · Other expenses: MAINTENANCE

    total $1,784,027 · program services $1,784,027

  • 24d · Other expenses: ADMINSTRATIVE EXPENSES

    total $856,152 · program services $856,152

  • 24e · All other expenses

    total $686,830 · program services $686,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $796,399 · end of year $1,213,469

  • 2 · Savings and temporary cash investments

    beginning of year $6,633,019 · end of year $4,246,064

  • 4 · Accounts receivable

    beginning of year $5,417,262 · end of year $5,923,328

  • 7 · Other notes and loans receivable

    beginning of year $2,101,012 · end of year $2,129,285

  • 8 · Inventories for sale or use

    beginning of year $1,647,915 · end of year $1,399,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,704 · end of year $73,480

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

    $95,754,762

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

    $23,118,592

  • 10c · Land, buildings and equipment, net

    beginning of year $70,021,040 · end of year $72,636,170

  • 12 · Investments: other securities

    beginning of year $21,212,891 · end of year $22,692,314

  • 14 · Intangible assets

    beginning of year $10,861 · end of year $10,861

  • 15 · Other assets

    beginning of year $888,040 · end of year $886,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,178,364 · end of year $3,647,857

  • 24 · Unsecured notes and loans payable

    beginning of year $43,302,441 · end of year $45,257,495

  • 25 · Other liabilities

    beginning of year $2,486,662 · end of year $1,839,289

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $6,027 · end of year $6,027

  • 31 · Retained earnings, endowment or other funds

    beginning of year $58,833,649 · end of year $60,460,642

Mission and programs · 2024

Mission

ACCESS ENERGY COOPERATIVE IS DEDICATED TO EXCEEDING MEMBERS' EXPECTATIONS FOR SAFE, RELIABLE, EFFICIENT SERVICE WHILE BEING A GOOD CITIZEN IN OUR COMMUNITIES.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.

    Expenses $39,621,256 · Revenue $39,795,729

As filed on the 2024 return.

Listed in Part VII

  • Jerry Barker

    DIRECTOR

    Total calculated
    $10,691
    From this org
    $10,680
    From related orgs
    $0
    Other
    $11
    Hours/week
    6.4

  • William Benjamin

    DIRECTOR

    Total calculated
    $3,830
    From this org
    $3,825
    From related orgs
    $0
    Other
    $5
    Hours/week
    3.6

  • Robert Chestnut III

    DIRECTOR

    Total calculated
    $6,866
    From this org
    $6,855
    From related orgs
    $0
    Other
    $11
    Hours/week
    7.9

  • Fred Hickenbottom

    DIRECTOR

    Total calculated
    $9,691
    From this org
    $9,680
    From related orgs
    $0
    Other
    $11
    Hours/week
    4.4

  • Dave Hollingsworth

    VICE PRESIDENT

    Total calculated
    $7,446
    From this org
    $7,430
    From related orgs
    $0
    Other
    $16
    Hours/week
    6.7

  • Mike Holtkamp

    SECRETARY

    Total calculated
    $10,946
    From this org
    $10,930
    From related orgs
    $0
    Other
    $16
    Hours/week
    6.2

  • Marvin Larson

    PRESIDENT

    Total calculated
    $12,196
    From this org
    $12,180
    From related orgs
    $0
    Other
    $16
    Hours/week
    6.9

  • Marvin Newton

    DIRECTOR

    Total calculated
    $10,441
    From this org
    $10,430
    From related orgs
    $0
    Other
    $11
    Hours/week
    9.9

  • Robert Smith

    TREASURER

    Total calculated
    $3,946
    From this org
    $3,930
    From related orgs
    $0
    Other
    $16
    Hours/week
    1.3

  • Larry White

    DIRECTOR

    Total calculated
    $12,187
    From this org
    $12,180
    From related orgs
    $0
    Other
    $7
    Hours/week
    6.7

  • Kevin Wheeler

    CEO

    Total calculated
    $345,358
    From this org
    $221,324
    From related orgs
    $0
    Other
    $124,034
    Hours/week
    43.2

    Schedule J breakdown matched by us

    Base
    $221,324
    Bonus
    $0
    Other
    $0
    Deferred
    $89,700
    Nontaxable benefits
    $34,334
    Filer's total
    $345,358

  • Tammy Snavely

    CFO

    Total calculated
    $282,850
    From this org
    $156,524
    From related orgs
    $0
    Other
    $126,326
    Hours/week
    44.6

    Schedule J breakdown matched by us

    Base
    $156,524
    Bonus
    $0
    Other
    $0
    Deferred
    $103,392
    Nontaxable benefits
    $22,934
    Filer's total
    $282,850

  • Tyler Thein

    DIRECTOR OF ENGINEERING

    Total calculated
    $190,180
    From this org
    $145,224
    From related orgs
    $0
    Other
    $44,956
    Hours/week
    40.8

    Schedule J breakdown matched by us

    Base
    $145,224
    Bonus
    $0
    Other
    $0
    Deferred
    $15,851
    Nontaxable benefits
    $29,105
    Filer's total
    $190,180

  • Daniel Phillips

    DIRECTOR OF OPERATIONS

    Total calculated
    $229,651
    From this org
    $129,003
    From related orgs
    $0
    Other
    $100,648
    Hours/week
    45.7

    Schedule J breakdown matched by us

    Base
    $129,003
    Bonus
    $0
    Other
    $0
    Deferred
    $79,041
    Nontaxable benefits
    $21,607
    Filer's total
    $229,651

  • Anthony Brown

    DISTRICT FOREMAN

    Total calculated
    $193,501
    From this org
    $126,619
    From related orgs
    $0
    Other
    $66,882
    Hours/week
    43.9

    Schedule J breakdown matched by us

    Base
    $126,619
    Bonus
    $0
    Other
    $0
    Deferred
    $42,105
    Nontaxable benefits
    $24,777
    Filer's total
    $193,501

  • Richard Clark

    LINEMAN

    Total calculated
    $162,414
    From this org
    $125,760
    From related orgs
    $0
    Other
    $36,654
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $125,760
    Bonus
    $0
    Other
    $0
    Deferred
    $10,244
    Nontaxable benefits
    $26,410
    Filer's total
    $162,414

  • Korbin Johnson

    SERVICEMAN

    Total calculated
    $159,862
    From this org
    $121,942
    From related orgs
    $0
    Other
    $37,920
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $121,942
    Bonus
    $0
    Other
    $0
    Deferred
    $10,651
    Nontaxable benefits
    $27,269
    Filer's total
    $159,862

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

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202531359349313518

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