Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $7,694

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $53,843,880 · related or exempt $53,843,880

• 2b · Program service revenue: TYNDALL AFB CONTRACT REVENUE

  total $7,932,285 · related or exempt $7,932,285

• 2c · Program service revenue: CAPITAL CREDITS

  total $1,690,281 · related or exempt $1,690,281

• 2d · Program service revenue: POLE RENTAL

  total $581,052 · excluded $581,052

• 3 · Investment income

  total $433,674 · related or exempt $433,674

• 6a · Gross rents

  real property $3,236

• 6b · Less rental expenses

  real property $1,132

• 6c · Rental income or loss

  real property $2,104

• 6d · Net rental income or loss

  total $2,104 · unrelated business $2,104

• 7a · Gross sales of assets other than inventory

  securities $2,053,072 · other assets $383,370

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

  securities $2,002,744 · other assets $278,919

• 7c · Gain or loss

  securities $50,328 · other assets $104,451

• 7d · Net gain or loss

  total $154,779 · related or exempt $154,779

• 10a · Gross sales of inventory

  $446,066

• 10b · Cost of goods sold

  $244,702

• 10c · Net income from sales of inventory

  total $201,364 · related or exempt $201,364

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $28,174

• 2 · Grants to domestic individuals

  total $7,000

• 4 · Benefits paid to or for members

  total $488,578

• 5 · Compensation of officers, directors and key employees

  total $841,020

• 7 · Other salaries and wages

  total $910,658

• 20 · Interest

  total $5,800,865

• 22 · Depreciation, depletion and amortization

  total $6,915,949

• 24a · Other expenses: COST OF POWER

  total $31,961,238

• 24b · Other expenses: DISTRIBUTION - MAINTENANC

  total $4,894,315

• 24c · Other expenses: ADMINISTRATION & GENERAL

  total $4,003,746

• 24d · Other expenses: DISTRIBUTION - OPERATIONS

  total $2,913,830

• 24e · All other expenses

  total $1,474,676

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,174,025 · end of year $711,953

• 2 · Savings and temporary cash investments

  beginning of year $9,813,096 · end of year $7,568,011

• 4 · Accounts receivable

  beginning of year $19,613,705 · end of year $19,657,690

• 8 · Inventories for sale or use

  beginning of year $8,804,027 · end of year $13,161,533

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,977,166 · end of year $2,192,540

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

  $221,606,604

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

  $49,739,152

• 10c · Land, buildings and equipment, net

  beginning of year $161,853,768 · end of year $171,867,452

• 11 · Investments: publicly traded securities

  beginning of year $2,189,424 · end of year $162,012

• 12 · Investments: other securities

  beginning of year $24,000 · end of year $24,000

• 13 · Investments: program-related

  beginning of year $27,700,120 · end of year $28,993,442

• 17 · Accounts payable and accrued expenses

  beginning of year $8,073,541 · end of year $7,046,759

• 23 · Secured mortgages and notes payable

  beginning of year $127,818,623 · end of year $133,243,980

• 25 · Other liabilities

  beginning of year $25,138,961 · end of year $26,407,707

• 29 · Capital stock, trust principal or current funds

  beginning of year $91,530 · end of year $93,315

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

  beginning of year $20,170,458 · end of year $18,752,274

• 31 · Retained earnings, endowment or other funds

  beginning of year $52,856,218 · end of year $58,794,598

The filer's explanations (Part III)

SCHEDULE J, PART III

THE AMOUNTS REPORTED ON SCHEDULE J, PART II(C) INCLUDE THE CHANGE IN THE ACTUARIAL VALUE OF THE NRECA RETIREMENT SECURITY (RS) DEFINED BENEFIT PENSION PLAN AS COMPUTED BY THE PLAN'S ACTUARIES AND INCLUDES THE AMOUNT OF 401(K) EMPLOYER CONTRIBUTIONS. THIS IS NOT REPRESENTATIVE OF AMOUNTS PAID BY THE COOPERATIVE ON THE EMPLOYEE'S BEHALF.