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Nonprofiteer
← CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2022

Filed by CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$6,396,337
Total expenses
$5,956,736
Contributions and grants received
$0
Grants paid
$1,200
Program service revenue
$6,380,051
Investment income
$16,286
Other revenue
$0
Total assets, end of year
$19,710,048
Total liabilities, end of year
$10,799,837
Net assets or fund balances, end of year
$8,910,211
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.

  • 2a · Program service revenue: SALE OF POWER

    total $5,773,074 · related or exempt $5,773,074

  • 2b · Program service revenue: CAPITAL CREDITS

    total $603,383 · related or exempt $603,383

  • 2f · All other program service revenue

    total $3,594 · related or exempt $3,594

  • 3 · Investment income

    total $16,286 · excluded $16,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,200

  • 4 · Benefits paid to or for members

    total $450,000

  • 5 · Compensation of officers, directors and key employees

    total $173,534

  • 7 · Other salaries and wages

    total $727,375

  • 10 · Payroll taxes

    total $67,413

  • 11g · Fees: other

    total $18,454

  • 12 · Advertising and promotion

    total $69,650

  • 13 · Office expenses

    total $28,285

  • 19 · Conferences, conventions and meetings

    total $98,681

  • 20 · Interest

    total $292,637

  • 22 · Depreciation, depletion and amortization

    total $498,425

  • 23 · Insurance

    total $22,544

  • 24a · Other expenses: COST OF POWER

    total $3,335,169

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $345,420

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $199,744

  • 24d · Other expenses: ADMINISTRATIVE AND GENE

    total $151,976

  • 24e · All other expenses

    total -$523,771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150,998 · end of year $220,381

  • 2 · Savings and temporary cash investments

    beginning of year $101,481 · end of year $102,704

  • 4 · Accounts receivable

    beginning of year $511,603 · end of year $365,725

  • 8 · Inventories for sale or use

    beginning of year $248,864 · end of year $412,272

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,049 · end of year $42,832

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

    $19,025,542

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

    $4,192,715

  • 10c · Land, buildings and equipment, net

    beginning of year $14,147,879 · end of year $14,832,827

  • 12 · Investments: other securities

    beginning of year $374,384 · end of year $378,949

  • 13 · Investments: program-related

    beginning of year $2,904,328 · end of year $3,337,892

  • 15 · Other assets

    beginning of year $56,102 · end of year $16,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $510,763 · end of year $629,662

  • 21 · Escrow or custodial account liability

    beginning of year $1,546 · end of year $2,295

  • 23 · Secured mortgages and notes payable

    beginning of year $9,431,829 · end of year $9,759,881

  • 24 · Unsecured notes and loans payable

    beginning of year $225,000 · end of year $225,000

  • 25 · Other liabilities

    beginning of year $183,450 · end of year $182,999

  • 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 $5,925 · end of year $5,855

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,223,175 · end of year $8,904,356

Mission and programs · 2022

Mission

AS A RURAL ELECTRIC COOPERATIVE, CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION'S MAIN PURPOSE IS TO PROVIDE ELECTRICITY TO ITS MEMBERS.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY TO OUR MEMBERS.

  • CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION IS A RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRICITY TO ITS MEMBERS. IN 2022, THE COOPERATIVE PROVIDED SERVICE TO APPROXIMATELY 1,171 MEMBERS, AND MAINTAINED 759.26 MILES OF OVERHEAD LINE WHILE ADDING 1.62 MILES AND REMOVING .47 MILES.

As filed on the 2022 return.

Listed in Part VII

  • Jim Miller

    PRESIDENT

    Total calculated
    $4,275
    From this org
    $4,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steve Boedecker

    VICE PRESIDENT

    Total calculated
    $4,414
    From this org
    $4,414
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jason McKenney

    SECRETARY

    Total calculated
    $3,825
    From this org
    $3,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ron Hanson

    TREASURER

    Total calculated
    $4,838
    From this org
    $4,838
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Laverne Arndt

    DIRECTOR UNTIL 08/2022

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Duane Beschoerner

    DIRECTOR

    Total calculated
    $4,388
    From this org
    $4,388
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Hicks

    DIRECTOR UNTIL 08/2022

    Total calculated
    $1,575
    From this org
    $1,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Darci Maulsby

    DIRECTOR FROM 09/2022

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Joe Parker

    DIRECTOR FROM 09/2022

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Keaton Hildreth

    CEO

    Total calculated
    $144,642
    From this org
    $100,011
    From related orgs
    $0
    Other
    $44,631
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202342149349300129

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