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Nonprofiteer
← CULLMAN ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by CULLMAN ELECTRIC COOPERATIVE.

Totals

Total revenue
$145,062,218
Total expenses
$145,062,218
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$140,022,507
Investment income
$604,175
Other revenue
$4,435,536
Total assets, end of year
$276,811,469
Total liabilities, end of year
$143,835,702
Net assets or fund balances, end of year
$132,975,767
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$134,900,792

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: Service Revenue

    total $133,750,578 · related or exempt $133,750,578

  • 2b · Program service revenue: Broadband

    total $5,088,461 · unrelated business $5,088,461

  • 2c · Program service revenue: Billing Collection

    total $1,183,468 · unrelated business $1,183,468

  • 3 · Investment income

    total $604,175 · related or exempt $261,299 · excluded $342,876

  • 6a · Gross rents

    real property $2,623,651

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,623,651

  • 6d · Net rental income or loss

    total $2,623,651 · excluded $2,623,651

  • 11a · Other revenue: Miscellaneous Revenue

    total $1,811,885 · related or exempt $1,811,885

  • 11e · Other revenue, total

    $1,811,885

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,727,008

  • 5 · Compensation of officers, directors and key employees

    total $857,292

  • 20 · Interest

    total $3,084,169

  • 22 · Depreciation, depletion and amortization

    total $10,161,426

  • 24a · Other expenses: Cost of Power

    total $95,259,831

  • 24b · Other expenses: Distribution - Maintanc

    total $8,964,932

  • 24c · Other expenses: Administrative General

    total $8,371,509

  • 24d · Other expenses: Taxes

    total $5,758,166

  • 24e · All other expenses

    total $8,877,885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,003,471 · end of year $1,772,967

  • 2 · Savings and temporary cash investments

    beginning of year $11,315,317 · end of year $9,147,774

  • 4 · Accounts receivable

    beginning of year $11,473,100 · end of year $11,210,454

  • 7 · Other notes and loans receivable

    beginning of year $1,984,755 · end of year $1,385,455

  • 8 · Inventories for sale or use

    beginning of year $5,944,969 · end of year $8,946,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,510,737 · end of year $5,573,473

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

    $345,914,149

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

    $107,988,873

  • 10c · Land, buildings and equipment, net

    beginning of year $207,783,952 · end of year $237,925,276

  • 13 · Investments: program-related

    beginning of year $43,243 · end of year $26,205

  • 14 · Intangible assets

    beginning of year $253,348 · end of year $601,077

  • 15 · Other assets

    beginning of year $801,450 · end of year $222,717

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,481,890 · end of year $29,058,536

  • 23 · Secured mortgages and notes payable

    beginning of year $98,526,884 · end of year $114,747,612

  • 25 · Other liabilities

    beginning of year $5,106 · end of year $29,554

  • 29 · Capital stock, trust principal or current funds

    beginning of year $183,825 · end of year $186,775

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

    beginning of year $200,000 · end of year $200,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $128,716,637 · end of year $132,588,992

Mission and programs · 2022

Mission

Cullman Electric Cooperative's mission is to provide electric service to its members located in four North Alabama counties while adhering to the following values: commitment, accountability, reliability, and efficiency.

Activities or mission (Part I)

Cullman Electric Cooperative's mission is to provide electric service to its members.

  • To provide electric service and related services to members.

    Expenses $134,900,792

As filed on the 2022 return.

Listed in Part VII

  • Robert Tidwell

    Chairperson

    Total calculated
    $21,820
    From this org
    $21,820
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Fields

    Vice Chairperson

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chad Alexander

    Treasurer

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lynda Carter

    Secretary

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sheila Sizemore

    Trustee

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daryl Calvert

    Trustee

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Phillip Garrison

    Trustee

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lisa Weeks

    Trustee

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Hembree

    Trustee

    Total calculated
    $20,680
    From this org
    $20,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tim Culpepper

    CEO

    Total calculated
    $396,073
    From this org
    $292,216
    From related orgs
    $0
    Other
    $103,857
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $292,216
    Bonus
    $0
    Other
    $0
    Deferred
    $100,954
    Nontaxable benefits
    $2,903
    Filer's total
    $396,073

  • Jerry Weathersby

    CFO

    Total calculated
    $273,959
    From this org
    $208,295
    From related orgs
    $0
    Other
    $65,664
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $208,295
    Bonus
    $0
    Other
    $0
    Deferred
    $63,335
    Nontaxable benefits
    $2,329
    Filer's total
    $273,959

  • Justin Lee

    Manager of Engineering and

    Total calculated
    $197,048
    From this org
    $164,071
    From related orgs
    $0
    Other
    $32,977
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,071
    Bonus
    $0
    Other
    $0
    Deferred
    $31,174
    Nontaxable benefits
    $1,803
    Filer's total
    $197,048

  • Daniel Stricklin

    Manager of Information Ser

    Total calculated
    $221,087
    From this org
    $154,422
    From related orgs
    $0
    Other
    $66,665
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $154,422
    Bonus
    $0
    Other
    $0
    Deferred
    $64,671
    Nontaxable benefits
    $1,994
    Filer's total
    $221,087

  • Wade Yarbrough

    Manager of Operations

    Total calculated
    $266,493
    From this org
    $150,228
    From related orgs
    $0
    Other
    $116,265
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,228
    Bonus
    $0
    Other
    $0
    Deferred
    $114,540
    Nontaxable benefits
    $1,725
    Filer's total
    $266,493

  • Terry Graham

    Manager of Energy Services

    Total calculated
    $193,285
    From this org
    $141,819
    From related orgs
    $0
    Other
    $51,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,819
    Bonus
    $0
    Other
    $0
    Deferred
    $49,846
    Nontaxable benefits
    $1,620
    Filer's total
    $193,285

  • Mark Freeman

    manager of Network Operations

    Total calculated
    $168,917
    From this org
    $138,016
    From related orgs
    $0
    Other
    $30,901
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $138,016
    Bonus
    $0
    Other
    $0
    Deferred
    $29,015
    Nontaxable benefits
    $1,886
    Filer's total
    $168,917

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 · 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Operation Round-Up of Cullman and

    501(c)(3) · Education Assistance · AL

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.

  • Cooperative Connection LLC

    Internet · AL · income $5,281,997 · assets $3,229,922

    Directly controlled by Cullman Electric Cooperative

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202332919349300413

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