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Nonprofiteer
← CHARLES MIX ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by CHARLES MIX ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$5,589,484
Total expenses
$4,850,033
Contributions and grants received
$0
Grants paid
$2,966
Program service revenue
$0
Investment income
$202,758
Other revenue
$5,386,726
Total assets, end of year
$36,103,804
Total liabilities, end of year
$24,006,903
Net assets or fund balances, end of year
$12,096,901
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.

  • 3 · Investment income

    total $44,921 · excluded $44,921

  • 7a · Gross sales of assets other than inventory

    other assets $375,000

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

    other assets $217,163

  • 7c · Gain or loss

    other assets $157,837

  • 7d · Net gain or loss

    total $157,837 · excluded $157,837

  • 10a · Gross sales of inventory

    $8,780,363

  • 10b · Cost of goods sold

    $4,079,025

  • 10c · Net income from sales of inventory

    total $4,701,338 · related or exempt $4,710,283 · excluded -$8,945

  • 11a · Other revenue: G&T CAPITAL CREDITS

    total $541,759 · related or exempt $541,759

  • 11b · Other revenue: OTHER CC & PATRON DIV.

    total $92,669 · related or exempt $92,669

  • 11c · Other revenue: INTERNET/OTHER

    total $50,960 · excluded $50,960

  • 11e · Other revenue, total

    $685,388

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,716

  • 2 · Grants to domestic individuals

    total $250

  • 4 · Benefits paid to or for members

    total $666,698

  • 5 · Compensation of officers, directors and key employees

    total $280,386

  • 7 · Other salaries and wages

    total $661,242

  • 8 · Pension plan contributions

    total $317,517

  • 9 · Other employee benefits

    total $197,094

  • 10 · Payroll taxes

    total $64,239

  • 11b · Fees: legal

    total $48,862

  • 11c · Fees: accounting

    total $24,111

  • 11g · Fees: other

    total $17,289

  • 13 · Office expenses

    total $226,140

  • 16 · Occupancy

    total $34,886

  • 19 · Conferences, conventions and meetings

    total $104,353

  • 20 · Interest

    total $771,518

  • 22 · Depreciation, depletion and amortization

    total $976,051

  • 23 · Insurance

    total $37,678

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $298,318

  • 24b · Other expenses: GROSS RECEIPT TAX

    total $109,281

  • 24c · Other expenses: OTHER

    total $10,204

  • 24d · Other expenses: BAD DEBT ENERGY

    total $1,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,605 · end of year $2,838

  • 2 · Savings and temporary cash investments

    beginning of year $503,476 · end of year $761,024

  • 4 · Accounts receivable

    beginning of year $78,203 · end of year $71,978

  • 8 · Inventories for sale or use

    beginning of year $503,323 · end of year $586,153

  • 9 · Prepaid expenses and deferred charges

    beginning of year $784,799 · end of year $878,335

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

    $36,951,824

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

    $10,199,913

  • 10c · Land, buildings and equipment, net

    beginning of year $20,912,598 · end of year $26,751,911

  • 13 · Investments: program-related

    beginning of year $7,326,802 · end of year $6,979,868

  • 15 · Other assets

    beginning of year $5,063,867 · end of year $71,697

  • 17 · Accounts payable and accrued expenses

    beginning of year $751,460 · end of year $885,990

  • 19 · Deferred revenue

    beginning of year $79,169 · end of year $70,693

  • 23 · Secured mortgages and notes payable

    beginning of year $22,984,866 · end of year $22,978,640

  • 24 · Unsecured notes and loans payable

    beginning of year $277

  • 25 · Other liabilities

    beginning of year $77,007 · end of year $71,580

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

    beginning of year $894,670 · end of year $969,226

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,388,224 · end of year $11,127,675

Mission and programs · 2022

Mission

TO SERVE THE BEST INTEREST OF OUR MEMBERS.

  • SALE OF ELECTRICITY TO 2,729 MEMBERS. PUBLISH AND DISTRIBUTE NEWSLETTER TO MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Russell Gall

    GENERAL MANA

    Total calculated
    $231,156
    From this org
    $151,194
    From related orgs
    $0
    Other
    $79,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,194
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,269
    Nontaxable benefits
    $35,693
    Filer's total
    $231,156

  • Chad Loeffler

    SUPERINTENDE

    Total calculated
    $154,309
    From this org
    $103,385
    From related orgs
    $0
    Other
    $50,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,385
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,487
    Nontaxable benefits
    $15,437
    Filer's total
    $154,309

  • Richard Dvorak

    PRESIDENT

    Total calculated
    $7,765
    From this org
    $7,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Todd Link

    DIRECTOR

    Total calculated
    $7,515
    From this org
    $7,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sam Schuman

    VICE PRESIDE

    Total calculated
    $7,240
    From this org
    $7,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Brice Bultje

    DIRECTOR

    Total calculated
    $7,115
    From this org
    $7,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donald Krcil

    SECRETARY

    Total calculated
    $7,065
    From this org
    $7,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Denise Soukup

    DIRECTOR

    Total calculated
    $6,290
    From this org
    $6,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ron Samuelson

    DIRECTOR

    Total calculated
    $6,240
    From this org
    $6,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202311789349301206

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