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Nonprofiteer
← COLUMBIA RURAL ELECTRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by COLUMBIA RURAL ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$37,725,658
Total expenses
$36,452,454
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,828,715
Investment income
$1,197,800
Other revenue
$1,699,143
Total assets, end of year
$120,192,904
Total liabilities, end of year
$73,652,321
Net assets or fund balances, end of year
$46,540,583
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.

  • 2a · Program service revenue: Electricity sales

    total $34,744,401 · related or exempt $34,744,401

  • 2b · Program service revenue: Other operating revenue

    total $84,314 · related or exempt $84,314

  • 3 · Investment income

    total $893,733 · related or exempt $304,352 · excluded $589,381

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $353,776

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

    other assets $49,709

  • 7c · Gain or loss

    other assets $304,067

  • 7d · Net gain or loss

    total $304,067 · related or exempt $304,067

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $2,384,166

  • 10b · Cost of goods sold

    $873,830

  • 10c · Net income from sales of inventory

    total $1,510,336 · unrelated business $1,510,336

  • 11a · Other revenue: Other non-op. income

    total $188,807 · related or exempt $188,807

  • 11e · Other revenue, total

    $188,807

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $5,325,793

  • 5 · Compensation of officers, directors and key employees

    total $868,287

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,345,219

  • 8 · Pension plan contributions

    total $1,598,135

  • 9 · Other employee benefits

    total $1,122,723

  • 10 · Payroll taxes

    total $491,069

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $79,271

  • 11c · Fees: accounting

    total $49,946

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,153

  • 12 · Advertising and promotion

    total $792,603

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $183,003

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $284,886

  • 20 · Interest

    total $3,834,462

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,158,878

  • 23 · Insurance

    total $194,842

  • 24a · Other expenses: Cost of power

    total $10,630,298

  • 24b · Other expenses: Distribution - operations

    total $3,563,940

  • 24c · Other expenses: Administration and general

    total $2,338,360

  • 24d · Other expenses: Distribution - maintenance

    total $1,836,269

  • 24e · All other expenses

    total -$7,250,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $614,491 · end of year $555,010

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,121,853 · end of year $2,957,523

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,130,198 · end of year $3,987,531

  • 9 · Prepaid expenses and deferred charges

    beginning of year $906,455 · end of year $678,315

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

    $156,291,883

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

    $48,805,067

  • 10c · Land, buildings and equipment, net

    beginning of year $99,311,284 · end of year $107,486,816

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $3,478,838 · end of year $4,338,445

  • 14 · Intangible assets

    beginning of year $216,122 · end of year $189,264

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,757,747 · end of year $2,986,548

  • 23 · Secured mortgages and notes payable

    beginning of year $63,172,301 · end of year $64,201,378

  • 24 · Unsecured notes and loans payable

    beginning of year $4,325,000 · end of year $6,265,000

  • 25 · Other liabilities

    beginning of year $64,115 · end of year $199,395

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

    beginning of year $30,055,885 · end of year $34,817,242

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,404,193 · end of year $11,723,341

Mission and programs · 2023

Mission

Provide electric service

  • Provide electric service to approximately 4,500 members with gross consumption in excess of 397 million kWh.

As filed on the 2023 return.

Listed in Part VII

  • Scott Peters

    CEO

    Total calculated
    $474,967
    From this org
    $345,579
    From related orgs
    $0
    Other
    $129,388
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $314,491
    Bonus
    $27,500
    Other
    $3,588
    Deferred
    $95,148
    Nontaxable benefits
    $34,240
    Filer's total
    $474,967

  • Jeffrey Murphy

    Total calculated
    $315,339
    From this org
    $217,790
    From related orgs
    $0
    Other
    $97,549
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $214,510
    Bonus
    not reported
    Other
    $3,280
    Deferred
    $61,585
    Nontaxable benefits
    $35,964
    Filer's total
    $315,339

  • Grant Glaus

    Total calculated
    $301,011
    From this org
    $223,878
    From related orgs
    $0
    Other
    $77,133
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $219,636
    Bonus
    not reported
    Other
    $4,242
    Deferred
    $46,463
    Nontaxable benefits
    $30,670
    Filer's total
    $301,011

  • James Cooper

    CFO

    Total calculated
    $286,835
    From this org
    $201,196
    From related orgs
    $0
    Other
    $85,639
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $199,054
    Bonus
    not reported
    Other
    $2,142
    Deferred
    $60,968
    Nontaxable benefits
    $24,671
    Filer's total
    $286,835

  • Gene Dawes

    Total calculated
    $249,024
    From this org
    $182,818
    From related orgs
    $0
    Other
    $66,206
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $171,567
    Bonus
    $8,285
    Other
    $2,966
    Deferred
    $39,828
    Nontaxable benefits
    $26,378
    Filer's total
    $249,024

  • Brendan Johnson

    Total calculated
    $239,451
    From this org
    $178,331
    From related orgs
    $0
    Other
    $61,120
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $177,785
    Bonus
    not reported
    Other
    $546
    Deferred
    $48,135
    Nontaxable benefits
    $12,985
    Filer's total
    $239,451

  • Nathan Debord

    Total calculated
    $229,189
    From this org
    $170,384
    From related orgs
    $0
    Other
    $58,805
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $169,674
    Bonus
    not reported
    Other
    $710
    Deferred
    $43,996
    Nontaxable benefits
    $14,809
    Filer's total
    $229,189

  • Patrick Dennis

    Director

    Total calculated
    $16,890
    From this org
    $16,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Philip Mehlenbacher

    Director

    Total calculated
    $15,677
    From this org
    $15,677
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Neil Carpenter

    President

    Total calculated
    $14,979
    From this org
    $14,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Dennis Munden

    Director

    Total calculated
    $14,133
    From this org
    $14,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Logan

    Vice President

    Total calculated
    $11,569
    From this org
    $11,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jay DeWitt

    Secretary/Treas

    Total calculated
    $9,093
    From this org
    $9,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kathleen Wooldridge

    Director

    Total calculated
    $8,690
    From this org
    $8,690
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Greg Knowles

    Director

    Total calculated
    $8,224
    From this org
    $8,224
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Glen Shipley

    Director

    Total calculated
    $7,230
    From this org
    $7,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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.

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.

  • Columbia Energy LLC

    Broadband · WA

    Directly controlled by Columbia Rural Electric Association

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349305719

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