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← GASCOSAGE ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by GASCOSAGE ELECTRIC COOPERATIVE.

Totals

Total revenue
$24,842,302
Total expenses
$27,100,583
Contributions and grants received
$0
Grants paid
$24,693
Program service revenue
$25,141,048
Investment income
$30,122
Other revenue
-$328,868
Total assets, end of year
$85,457,774
Total liabilities, end of year
$57,890,556
Net assets or fund balances, end of year
$27,567,218
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: SALES OF ELECTRIC ENERGY

    total $24,200,707 · related or exempt $24,200,707 · unrelated business $0 · excluded $0

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

    total $752,149 · related or exempt $752,149 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: EQUIPMENT LEASE

    total $132,637 · related or exempt $132,637 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: OTHER ELECTIC REVENUE

    total $55,555 · related or exempt $55,555 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $30,122 · related or exempt $0 · unrelated business $0 · excluded $30,122

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $202,413 · personal property $179,750

  • 6b · Less rental expenses

    real property $809,526 · personal property $0

  • 6c · Rental income or loss

    real property -$607,113 · personal property $179,750

  • 6d · Net rental income or loss

    total -$427,363 · related or exempt $0 · unrelated business -$607,113 · excluded $179,750

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MANAGEMENT FEES FROM GAS TECH

    total $98,495 · related or exempt $0 · unrelated business $98,495 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $98,495

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $24,693

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,801,086

  • 5 · Compensation of officers, directors and key employees

    total $315,910

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,618,406

  • 8 · Pension plan contributions

    total $771,721

  • 9 · Other employee benefits

    total $105,812

  • 10 · Payroll taxes

    total $402,645

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $45,129

  • 11g · Fees: other

    total $82,067

  • 12 · Advertising and promotion

    total $30,893

  • 13 · Office expenses

    total $510,105

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $571,091

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,937,710

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,365,486

  • 23 · Insurance

    total $45,506

  • 24a · Other expenses: COST OF POWER

    total $13,072,151

  • 24b · Other expenses: CONSUMER ACCOUNTS

    total $1,042,571

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $568,553

  • 24d · Other expenses: INJURIES & DAMAGES

    total $32,931

  • 24e · All other expenses

    total $756,117

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,576,897 · end of year $3,278,732

  • 2 · Savings and temporary cash investments

    beginning of year $33,185 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,909,474 · end of year $2,509,573

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,837,864 · end of year $4,459,641

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,633 · end of year $89,347

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

    $91,810,237

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

    $20,878,797

  • 10c · Land, buildings and equipment, net

    beginning of year $62,518,023 · end of year $70,931,440

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $3,539,833 · end of year $4,033,244

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $172,671 · end of year $155,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,688,329 · end of year $3,871,668

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $98,334 · end of year $87,408

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $42,670,192 · end of year $53,086,740

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $802,034 · end of year $844,740

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $166,180 · end of year $170,185

  • 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 $28,292,511 · end of year $27,397,033

Mission and programs · 2024

Mission

GASCOSAGE ELECTRIC COOPERATIVE PROVIDES OUR DIVERSE MEMBERSHIP AN UNSURPASSED LEVEL OF COMPREHENSIVE SERVICE USING THE LATEST PROVEN TECHNOLOGICAL ADVANCES IN THE ELECTRICAL INDUSTRY TO DELIVER RELIABLE AND AFFORDABLE ELECTRICITY IN THE TRADITIONAL STYLE OF PERSONALIZED SERVICE

Activities or mission (Part I)

TO PURCHASE, ACQUIRE AND ACCUMULATE ELECTRIC ENERGY FOR, AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL AND DISPOSE OF SUCH ENERGY TO MEMBERS.

  • PURCHASE, ACQUIRE, AND ACCUMULATE ELECTRIC ENERGY FOR, AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL, AND DISPOSE OF SUCH ENERGY TO MEMBERS, SERVING 10,257 CONNECTED METERS AND 1,597 MILES OF LINE.

  • ENGINEER, CONSTRUCT AND MAINTAIN A FIBER-TO-THE-HOME NETWORK TO DISTRIBUTE AND SELL INTERNET AND VOICE SERVICES TO MEMBERS, CURRENTLY SERVING 1,590 SUBSCRIBERS AND 406 MILES OF FIBER.

As filed on the 2024 return.

Listed in Part VII

  • Alice Carlton

    Secretary

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Luther Riddle II

    President

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Richard Yelton

    Treasurer

    Total calculated
    $8,700
    From this org
    $8,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Willard D Baker

    Vice President

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Andrew Milczakowskyj

    Board Director

    Total calculated
    $10,900
    From this org
    $10,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brandon Buechter

    Board Director

    Total calculated
    $9,400
    From this org
    $9,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Deborah Krumwiede

    Board Director Through 08/01/2024

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Doug Roam

    Board Director Since 08/01/2024

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jacob Warren

    Board Director

    Total calculated
    $11,200
    From this org
    $11,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • James Humphrey

    Board Director

    Total calculated
    $10,300
    From this org
    $10,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Carmen Hartwell

    General Manager

    Total calculated
    $232,260
    From this org
    $169,507
    From related orgs
    $0
    Other
    $62,753
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $167,130
    Bonus
    $0
    Other
    $2,377
    Deferred
    $30,976
    Nontaxable benefits
    $31,777
    Filer's total
    $232,260

  • Aaron George

    Line Superintendent

    Total calculated
    $185,449
    From this org
    $134,779
    From related orgs
    $0
    Other
    $50,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,414
    Bonus
    $0
    Other
    $365
    Deferred
    $18,903
    Nontaxable benefits
    $31,767
    Filer's total
    $185,449

  • Cody Lawson

    Lead Lineman

    Total calculated
    $165,156
    From this org
    $117,605
    From related orgs
    $0
    Other
    $47,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,460
    Bonus
    $0
    Other
    $145
    Deferred
    $15,774
    Nontaxable benefits
    $31,777
    Filer's total
    $165,156

  • Derrick Otto

    Construction Foreman

    Total calculated
    $177,771
    From this org
    $134,086
    From related orgs
    $0
    Other
    $43,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,870
    Bonus
    $0
    Other
    $216
    Deferred
    $17,883
    Nontaxable benefits
    $25,802
    Filer's total
    $177,771

  • Jimmy Vineyard

    Area Service Foreman

    Total calculated
    $165,657
    From this org
    $118,106
    From related orgs
    $0
    Other
    $47,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,857
    Bonus
    $0
    Other
    $249
    Deferred
    $15,774
    Nontaxable benefits
    $31,777
    Filer's total
    $165,657

  • Shawn Lipscomb

    Operations Manager

    Total calculated
    $177,084
    From this org
    $123,369
    From related orgs
    $0
    Other
    $53,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,051
    Bonus
    $0
    Other
    $318
    Deferred
    $21,938
    Nontaxable benefits
    $31,777
    Filer's total
    $177,084

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 committee
  • 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GTECH FIBER LLC

    FTTH · MO · income $1,168,939 · assets $4,035,456

    Directly controlled by GEC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GASCOSAGE TECHNOLOGIES

    C Corporation · FIBER OPTICS · MO · 100% owned · controlled entity

    Directly controlled by GEC

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.1
Source object
202503039349301815

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