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Nonprofiteer
← CLARK ENERGY COOPERATIVE INC

Form 990 for tax year 2022

Filed by CLARK ENERGY COOPERATIVE INC.

Totals

Total revenue
$61,300,046
Total expenses
$61,300,046
Contributions and grants received
$0
Grants paid
$18,000
Program service revenue
$58,749,032
Investment income
$36,417
Other revenue
$2,514,597
Total assets, end of year
$143,276,361
Total liabilities, end of year
$73,155,619
Net assets or fund balances, end of year
$70,120,742
Program services expenses (Part IX)
$61,300,046
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$61,300,046

Program services were 100.0% 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: ELECTRIC SERVICE REVENUE

    total $58,749,032 · related or exempt $58,749,032

  • 3 · Investment income

    total $36,417 · excluded $36,417

  • 11a · Other revenue: G&T CAPITAL CREDITS

    total $1,036,127 · related or exempt $1,036,127

  • 11b · Other revenue: JOINT USE ATTACHMENTS

    total $732,485 · excluded $732,485

  • 11c · Other revenue: SUBSIDIARY INCOME

    total $641,143 · unrelated business $641,143

  • 11d · All other revenue

    total $104,842 · related or exempt $97,622 · excluded $7,220

  • 11e · Other revenue, total

    $2,514,597

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 4 · Benefits paid to or for members

    total $3,066,070 · program services $3,066,070

  • 5 · Compensation of officers, directors and key employees

    total $434,281 · program services $434,281

  • 7 · Other salaries and wages

    total $4,084,922 · program services $4,084,922

  • 8 · Pension plan contributions

    total $867,996 · program services $867,996

  • 9 · Other employee benefits

    total $640,625 · program services $640,625

  • 10 · Payroll taxes

    total $335,378 · program services $335,378

  • 11b · Fees: legal

    total $21,718 · program services $21,718

  • 11c · Fees: accounting

    total $24,225 · program services $24,225

  • 13 · Office expenses

    total $242,135 · program services $242,135

  • 20 · Interest

    total $1,802,981 · program services $1,802,981

  • 22 · Depreciation, depletion and amortization

    total $5,875,510 · program services $5,875,510

  • 23 · Insurance

    total $160,884 · program services $160,884

  • 24a · Other expenses: UBIT

    total $171,930 · program services $171,930

  • 24b · Other expenses: COST OF POWER

    total $40,659,461 · program services $40,659,461

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $4,292,841 · program services $4,292,841

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $2,006,358 · program services $2,006,358

  • 24e · All other expenses

    total -$3,405,269 · program services -$3,405,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,329,740 · end of year $757,401

  • 4 · Accounts receivable

    beginning of year $5,129,492 · end of year $3,251,224

  • 8 · Inventories for sale or use

    beginning of year $819,794 · end of year $1,026,020

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,286 · end of year $148,535

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

    $151,418,744

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

    $51,762,503

  • 10c · Land, buildings and equipment, net

    beginning of year $96,588,522 · end of year $99,656,241

  • 13 · Investments: program-related

    beginning of year $37,370,387 · end of year $36,672,193

  • 15 · Other assets

    beginning of year $1,919,428 · end of year $1,764,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $884,198 · end of year $664,762

  • 23 · Secured mortgages and notes payable

    beginning of year $63,847,394 · end of year $62,214,595

  • 25 · Other liabilities

    beginning of year $10,806,817 · end of year $10,276,262

  • 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 -$1,688,184 · end of year -$1,674,984

  • 31 · Retained earnings, endowment or other funds

    beginning of year $69,457,424 · end of year $71,795,726

Mission and programs · 2022

Mission

PROVIDE DISTRIBUTION ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS.

  • PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 27,598 EACH MONTH TO MEMBER OWNERS ON A PATRONAGE BASIS.

    Expenses $61,300,046 · Revenue $59,882,781

As filed on the 2022 return.

Listed in Part VII

  • William P Shearer

    CHAIRMAN

    Total calculated
    $24,319
    From this org
    $24,319
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steve Hale

    VICE CHAIRMAN

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Oh Caudill

    DIRECTOR/SECRETARY

    Total calculated
    $24,036
    From this org
    $24,036
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Walter Ballard

    DIRECTOR

    Total calculated
    $28,655
    From this org
    $28,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Allen Patrick

    DIRECTOR

    Total calculated
    $20,608
    From this org
    $20,608
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Dewey Hollon

    DIRECTOR

    Total calculated
    $12,354
    From this org
    $12,354
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Linville Gale Means

    DIRECTOR

    Total calculated
    $26,985
    From this org
    $26,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Robert Russell

    DIRECTOR

    Total calculated
    $19,320
    From this org
    $19,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Wells

    DIRECTOR

    Total calculated
    $13,665
    From this org
    $13,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert C Brewer

    PRESIDENT/CEO

    Total calculated
    $260,402
    From this org
    $249,339
    From related orgs
    $0
    Other
    $11,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,339
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,063
    Filer's total
    $260,402

  • C Phillip Blythe

    VP/OPERATIONS

    Total calculated
    $173,256
    From this org
    $130,129
    From related orgs
    $0
    Other
    $43,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,129
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $43,127
    Filer's total
    $173,256

  • Thomas Napier

    SERVICEMAN

    Total calculated
    $174,915
    From this org
    $139,397
    From related orgs
    $0
    Other
    $35,518
    Hours/week
    59

    Schedule J breakdown matched by us

    Base
    $139,397
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,518
    Filer's total
    $174,915

  • Chad M Cline

    DISTRICT FOREMAN

    Total calculated
    $156,350
    From this org
    $116,633
    From related orgs
    $0
    Other
    $39,717
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $116,633
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,717
    Filer's total
    $156,350

  • Raymond Peyton

    VP ENGINEERING

    Total calculated
    $138,580
    From this org
    $124,274
    From related orgs
    $0
    Other
    $14,306
    Hours/week
    40

  • Johny Case

    DISTRICT FOREMAN

    Total calculated
    $150,343
    From this org
    $117,591
    From related orgs
    $0
    Other
    $32,752
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $117,591
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,752
    Filer's total
    $150,343

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 · Compensation committee
  • 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.

Related corporations and trusts

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

  • CLARK ENERGY PROPANE PLUS LLC

    PROPANE GAS · KY · 100% owned · share of income $641,143 · share of assets $4,294,818

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2023
IRS schema version
2022v5.0
Source object
202311509349300016

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