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Nonprofiteer
← BEDFORD RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BEDFORD RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$10,588,903
Total expenses
$10,588,903
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$42,250
Other revenue
$10,546,653
Total assets, end of year
$69,264,799
Total liabilities, end of year
$33,351,286
Net assets or fund balances, end of year
$35,913,513
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 $42,250 · excluded $42,250

  • 6a · Gross rents

    personal property $194,466

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $194,466

  • 6d · Net rental income or loss

    total $194,466 · excluded $194,466

  • 10a · Gross sales of inventory

    $29,054,413

  • 10b · Cost of goods sold

    $19,903,620

  • 10c · Net income from sales of inventory

    total $9,150,793 · related or exempt $9,150,793

  • 11a · Other revenue: PAT CAP OF ASSOC. ORGS

    total $1,201,394 · excluded $1,201,394

  • 11e · Other revenue, total

    $1,201,394

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,080,656

  • 5 · Compensation of officers, directors and key employees

    total $522,281

  • 20 · Interest

    total $997,722

  • 22 · Depreciation, depletion and amortization

    total $1,692,063

  • 24a · Other expenses: DISTRIBUTION MAINTENANC

    total $1,876,272

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $1,413,796

  • 24c · Other expenses: ADMINISTRATION AND GENE

    total $1,110,897

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $650,470

  • 24e · All other expenses

    total $244,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,468 · end of year $159,200

  • 2 · Savings and temporary cash investments

    beginning of year $49,262 · end of year $899,262

  • 4 · Accounts receivable

    beginning of year $3,236,310 · end of year $2,349,685

  • 8 · Inventories for sale or use

    beginning of year $1,251,356 · end of year $1,193,391

  • 9 · Prepaid expenses and deferred charges

    beginning of year $204,182 · end of year $112,814

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

    $65,511,785

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

    $17,403,987

  • 10c · Land, buildings and equipment, net

    beginning of year $42,606,639 · end of year $48,107,798

  • 13 · Investments: program-related

    beginning of year $15,670,806 · end of year $16,442,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,464,354 · end of year $4,908,224

  • 23 · Secured mortgages and notes payable

    beginning of year $20,696,546 · end of year $24,781,762

  • 25 · Other liabilities

    beginning of year $3,534,930 · end of year $3,661,300

  • 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 $364,005 · end of year $373,799

  • 31 · Retained earnings, endowment or other funds

    beginning of year $35,221,188 · end of year $35,539,714

Mission and programs · 2024

Mission

DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL BEDFORD, PA ON A COOPERATIVE BASIS

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Earl Garland

    DIRECTOR

    Total calculated
    $5,783
    From this org
    $5,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Paul Rummel Jr

    SECRETARY

    Total calculated
    $5,807
    From this org
    $5,807
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dale Sprigg II

    DIRECTOR

    Total calculated
    $6,084
    From this org
    $6,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Troy Mickle

    DIRECTOR

    Total calculated
    $6,059
    From this org
    $6,059
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ronald Wilkins

    PRESIDENT

    Total calculated
    $4,151
    From this org
    $4,151
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Reuben Lafferty

    TREASURER

    Total calculated
    $5,783
    From this org
    $5,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Donald Hoenstine

    VICE PRESIDENT

    Total calculated
    $3,851
    From this org
    $3,851
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Travis Wigfield

    DIRECTOR

    Total calculated
    $4,127
    From this org
    $4,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brian Hoover

    DIRECTOR

    Total calculated
    $6,335
    From this org
    $6,335
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brooks Shoemaker

    GENERAL MANAGER & CEO

    Total calculated
    $304,957
    From this org
    $221,326
    From related orgs
    $0
    Other
    $83,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,326
    Bonus
    $0
    Other
    $0
    Deferred
    $60,907
    Nontaxable benefits
    $22,724
    Filer's total
    $304,957

  • Brent Kauffman

    FINANCE & ACCOUNTING MANAG

    Total calculated
    $169,344
    From this org
    $116,624
    From related orgs
    $0
    Other
    $52,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,624
    Bonus
    $0
    Other
    $0
    Deferred
    $31,081
    Nontaxable benefits
    $21,639
    Filer's total
    $169,344

  • Ryan Young

    OPERATIONS & ENGINEERING M

    Total calculated
    $199,523
    From this org
    $139,143
    From related orgs
    $0
    Other
    $60,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,143
    Bonus
    $0
    Other
    $0
    Deferred
    $38,473
    Nontaxable benefits
    $21,907
    Filer's total
    $199,523

  • Gary Lafferty

    WORKING FOREMAN

    Total calculated
    $149,784
    From this org
    $107,840
    From related orgs
    $0
    Other
    $41,944
    Hours/week
    40

  • Timothy Shook

    LINE SUPERINTENDENT

    Total calculated
    $166,300
    From this org
    $114,762
    From related orgs
    $0
    Other
    $51,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,762
    Bonus
    $0
    Other
    $0
    Deferred
    $29,875
    Nontaxable benefits
    $21,663
    Filer's total
    $166,300

  • Brad Glessner

    WORKING FOREMAN

    Total calculated
    $149,490
    From this org
    $108,518
    From related orgs
    $0
    Other
    $40,972
    Hours/week
    40

  • Wade Mellott

    I.T. MANAGER

    Total calculated
    $155,762
    From this org
    $107,052
    From related orgs
    $0
    Other
    $48,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,052
    Bonus
    $0
    Other
    $0
    Deferred
    $27,213
    Nontaxable benefits
    $21,497
    Filer's total
    $155,762

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 · Independent compensation consultant
  • 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
2024
Filed
23 July 2025
IRS schema version
2024v5.2
Source object
202502049349300115

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