Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC RELATED SALES

  total $78,413,162 · related or exempt $78,413,162

• 2b · Program service revenue: POLE RENTAL AGREEMENT

  total $315,358 · excluded $315,358

• 3 · Investment income

  total $1,040,989 · excluded $1,040,989

• 6a · Gross rents

  real property $9,990

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $9,990

• 6d · Net rental income or loss

  total $9,990 · excluded $9,990

• 7a · Gross sales of assets other than inventory

  securities $8,521,000 · other assets $58,840

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

  securities $8,405,665 · other assets $109,213

• 7c · Gain or loss

  securities $115,335 · other assets -$50,373

• 7d · Net gain or loss

  total $64,962 · excluded $64,962

• 11a · Other revenue: SUBSIDIARY INCOME

  total $935,749 · related or exempt $935,749

• 11b · Other revenue: REFUND INCOME

  total $852,563 · related or exempt $852,563

• 11c · Other revenue: PATRONAGE ALLOCATION

  total $407,573 · related or exempt $407,573

• 11e · Other revenue, total

  $2,195,885

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $98,649

• 4 · Benefits paid to or for members

  total $6,859,283

• 5 · Compensation of officers, directors and key employees

  total $1,335,826

• 10 · Payroll taxes

  total $633,832

• 14 · Information technology

  total $1,441,996

• 20 · Interest

  total $2,562,363

• 22 · Depreciation, depletion and amortization

  total $9,024,180

• 24a · Other expenses: PURCHASED POWER AND TRA

  total $40,879,346

• 24b · Other expenses: ADMINISTRATIVE AND GENE

  total $6,457,253

• 24c · Other expenses: DISTRIBUTION

  total $6,069,766

• 24d · Other expenses: CUSTOMER SERVICE & CONS

  total $3,335,108

• 24e · All other expenses

  total $2,406,995

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $426,872 · end of year $198,317

• 2 · Savings and temporary cash investments

  beginning of year $20,703,581 · end of year $26,809,777

• 4 · Accounts receivable

  beginning of year $8,417,144 · end of year $8,534,118

• 7 · Other notes and loans receivable

  beginning of year $13,668 · end of year $13,169

• 8 · Inventories for sale or use

  beginning of year $5,531,055 · end of year $5,909,408

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,206,340 · end of year $1,365,027

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

  $334,955,537

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

  $143,515,203

• 10c · Land, buildings and equipment, net

  beginning of year $181,797,101 · end of year $191,440,334

• 12 · Investments: other securities

  beginning of year $42,775,017 · end of year $38,826,254

• 15 · Other assets

  beginning of year $9,512,406 · end of year $9,973,607

• 17 · Accounts payable and accrued expenses

  beginning of year $9,078,852 · end of year $9,933,200

• 23 · Secured mortgages and notes payable

  beginning of year $60,499,092 · end of year $65,137,374

• 25 · Other liabilities

  beginning of year $22,841,152 · end of year $24,792,153

• 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 $7,154,915 · end of year $7,934,155

• 31 · Retained earnings, endowment or other funds

  beginning of year $170,809,173 · end of year $175,273,129

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS IS NOT ALLOWED AT CEC EXCEPT AS APPROVED BY THE BOARD OF DIRECTORS FOR SPECIAL CIRCUMSTANCES.

Related corporations and trusts

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

• CEC RESOURCES

  C · INVESTMENT · OR · 100% owned · share of income $1,190,039 · share of assets $30,193,408 · controlled entity

  Directly controlled by CENTRAL ELECTRIC COOPERATIVE