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Nonprofiteer
← CLAVERACK RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by CLAVERACK RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$33,039,036
Total expenses
$27,816,358
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$165,982
Other revenue
$32,873,054
Total assets, end of year
$186,084,943
Total liabilities, end of year
$106,505,728
Net assets or fund balances, end of year
$79,579,215
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $165,982 · excluded $165,982

  • 5 · Royalties

    total $48,192 · excluded $48,192

  • 10a · Gross sales of inventory

    $58,055,818

  • 10b · Cost of goods sold

    $31,458,046

  • 10c · Net income from sales of inventory

    total $26,597,772 · related or exempt $26,597,772

  • 11a · Other revenue: BROADBAND OPERATING SUPPORT

    total $3,163,453 · related or exempt $3,163,453

  • 11b · Other revenue: G&T AND OTHER CAPITAL CREDITS

    total $1,570,718 · related or exempt $1,570,718

  • 11c · Other revenue: EQUITY INCOME FROM AFFILIATE

    total $1,416,327 · related or exempt $1,416,327

  • 11d · All other revenue

    total $76,592 · excluded $76,592

  • 11e · Other revenue, total

    $6,227,090

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $908,146

  • 5 · Compensation of officers, directors and key employees

    total $1,292,808

  • 20 · Interest

    total $3,992,745

  • 22 · Depreciation, depletion and amortization

    total $6,578,020

  • 24a · Other expenses: DISTRIBUTION-MAINTENANC

    total $8,379,094

  • 24b · Other expenses: ADMIN & GENERAL

    total $2,931,952

  • 24c · Other expenses: DISTRIBUTION-OPERATIONS

    total $2,147,396

  • 24d · Other expenses: SALES

    total $990,698

  • 24e · All other expenses

    total $595,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,291 · end of year $289,611

  • 2 · Savings and temporary cash investments

    beginning of year $2,309,248 · end of year $7,071,395

  • 3 · Pledges and grants receivable

    beginning of year $468,737 · end of year $707,539

  • 4 · Accounts receivable

    beginning of year $6,433,573 · end of year $6,699,158

  • 8 · Inventories for sale or use

    beginning of year $1,972,057 · end of year $1,823,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $804,461 · end of year $888,856

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

    $200,409,975

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

    $69,639,000

  • 10c · Land, buildings and equipment, net

    beginning of year $114,030,053 · end of year $130,770,975

  • 11 · Investments: publicly traded securities

    beginning of year $74,838 · end of year $72,151

  • 13 · Investments: program-related

    beginning of year $35,232,434 · end of year $37,391,895

  • 15 · Other assets

    beginning of year $454,014 · end of year $370,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,462,657 · end of year $9,205,974

  • 23 · Secured mortgages and notes payable

    beginning of year $75,450,505 · end of year $91,987,556

  • 25 · Other liabilities

    beginning of year $4,886,961 · end of year $5,312,198

  • 29 · Capital stock, trust principal or current funds

    beginning of year $112,040 · end of year $108,930

  • 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 $73,971,543 · end of year $79,470,285

Mission and programs · 2025

Mission

PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA.

Activities or mission (Part I)

PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA.

  • PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP.

As filed on the 2025 return.

Listed in Part VII

  • Anthony J Ventello

    DIRECTOR

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Charles R Bullock

    DIRECTOR - THRU JULY 2025

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert W Fearnley

    DIRECTOR

    Total calculated
    $15,200
    From this org
    $15,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Timothy T Tewksbury

    DIRECTOR - CHAIR

    Total calculated
    $16,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Angela S Joines

    DIRECTOR - VICE CHAIR

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Gary L Hennip

    DIRECTOR

    Total calculated
    $16,600
    From this org
    $16,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Robert R Faux

    DIRECTOR

    Total calculated
    $15,400
    From this org
    $15,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Charles R McNamara

    DIRECTOR - VICE SECRETARY/TREASURER

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • Danise C Fairchild

    DIRECTOR - SECRETARY/TREASURER

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gene R Hubbard

    DIRECTOR - START JULY 2025

    Total calculated
    $5,765
    From this org
    $5,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Steven Allabaugh

    PRESIDENT AND CEO

    Total calculated
    $401,306
    From this org
    $279,373
    From related orgs
    $0
    Other
    $121,933
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $269,373
    Bonus
    $10,000
    Other
    $0
    Deferred
    $77,426
    Nontaxable benefits
    $44,507
    Filer's total
    $401,306

  • Jennifer Jones

    CHIEF FINANCIAL OFFICER

    Total calculated
    $235,373
    From this org
    $148,086
    From related orgs
    $0
    Other
    $87,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,086
    Bonus
    $4,000
    Other
    $0
    Deferred
    $42,591
    Nontaxable benefits
    $44,696
    Filer's total
    $235,373

  • Nicholas Berger

    SENIOR DIR. OF ENGINEERING & OPS

    Total calculated
    $319,093
    From this org
    $211,465
    From related orgs
    $0
    Other
    $107,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,965
    Bonus
    $7,500
    Other
    $0
    Deferred
    $59,222
    Nontaxable benefits
    $48,406
    Filer's total
    $319,093

  • Kyle Lane

    DIRECTOR OF BROADBAND OPERATIONS

    Total calculated
    $191,071
    From this org
    $155,684
    From related orgs
    $0
    Other
    $35,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,684
    Bonus
    $4,000
    Other
    $0
    Deferred
    $21,622
    Nontaxable benefits
    $13,765
    Filer's total
    $191,071

  • Leonard Fowler

    JOURNEYMAN LINEMAN

    Total calculated
    $225,430
    From this org
    $150,856
    From related orgs
    $0
    Other
    $74,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,304
    Bonus
    $0
    Other
    $43,552
    Deferred
    $32,168
    Nontaxable benefits
    $42,406
    Filer's total
    $225,430

  • Richard Herman

    CREW CHIEF

    Total calculated
    $245,376
    From this org
    $164,339
    From related orgs
    $0
    Other
    $81,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,674
    Bonus
    $0
    Other
    $49,665
    Deferred
    $34,749
    Nontaxable benefits
    $46,288
    Filer's total
    $245,376

  • John Camburn

    MANAGER OF FIELD OPERATIONS

    Total calculated
    $223,850
    From this org
    $170,708
    From related orgs
    $0
    Other
    $53,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,055
    Bonus
    $0
    Other
    $37,653
    Deferred
    $38,354
    Nontaxable benefits
    $14,788
    Filer's total
    $223,850

  • Justin Franko

    JOURNEYMAN LINEMAN

    Total calculated
    $199,270
    From this org
    $145,315
    From related orgs
    $0
    Other
    $53,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,866
    Bonus
    $0
    Other
    $38,449
    Deferred
    $32,168
    Nontaxable benefits
    $21,787
    Filer's total
    $199,270

  • Annette Koder

    EXECUTIVE ASSISTANT

    Total calculated
    $220,744
    From this org
    $143,332
    From related orgs
    $0
    Other
    $77,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,332
    Bonus
    $0
    Other
    $0
    Deferred
    $41,712
    Nontaxable benefits
    $35,700
    Filer's total
    $220,744

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

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.

  • CLAVERACK COMMUNICATIONS LLC

    BROADBAND & VOIP · PA · income $1,496,244 · assets $7,584,216

    Directly controlled by CLAVERACK RURAL ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2025
Filed
5 August 2026
IRS schema version
2025v4.2
Source object
202642179349300109

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