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Nonprofiteer
← BIG BEND ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BIG BEND ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$45,355,981
Total expenses
$44,256,780
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,118,860
Investment income
$1,099,201
Other revenue
$137,920
Total assets, end of year
$94,920,069
Total liabilities, end of year
$26,692,791
Net assets or fund balances, end of year
$68,227,278
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 $43,784,112 · related or exempt $43,784,112

  • 2b · Program service revenue: Other Electric Revenues

    total $334,748 · related or exempt $334,748

  • 3 · Investment income

    total $909,231 · related or exempt $24,396 · excluded $884,835

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $137,920

  • 6c · Rental income or loss

    personal property $137,920

  • 6d · Net rental income or loss

    total $137,920 · excluded $137,920

  • 7a · Gross sales of assets other than inventory

    other assets $198,475

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

    other assets $8,505

  • 7c · Gain or loss

    other assets $189,970

  • 7d · Net gain or loss

    total $189,970 · related or exempt $189,970

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other non-operating rev

  • 11e · Other revenue, total

    $0

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 $5,667,628

  • 5 · Compensation of officers, directors and key employees

    total $615,694

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,571,905

  • 8 · Pension plan contributions

    total $1,420,191

  • 9 · Other employee benefits

    total $1,348,314

  • 10 · Payroll taxes

    total $438,765

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $28,995

  • 11c · Fees: accounting

    total $17,750

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $28,327

  • 13 · Office expenses

    total $45,752

  • 14 · Information technology

    total $84,208

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $115,794

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $177,515

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,104,314

  • 23 · Insurance

    total $189,801

  • 24a · Other expenses: Cost of power

    total $20,609,948

  • 24b · Other expenses: Admin and general

    total $5,758,730

  • 24c · Other expenses: Distribution - operations

    total $2,974,616

  • 24d · Other expenses: Distribution - maintenance

    total $2,313,543

  • 24e · All other expenses

    total -$7,255,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $778,081 · end of year $399,417

  • 2 · Savings and temporary cash investments

    beginning of year $8,777,501 · end of year $10,199,357

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $6,561,266 · end of year $7,290,405

  • 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 $6,403,831 · end of year $6,350,272

  • 9 · Prepaid expenses and deferred charges

    beginning of year $397,647 · end of year $109,693

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

    $131,699,272

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

    $62,353,738

  • 10c · Land, buildings and equipment, net

    beginning of year $63,507,782 · end of year $69,345,534

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,223,687 · end of year $1,225,391

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,743,939 · end of year $5,684,264

  • 19 · Deferred revenue

    beginning of year $391,080 · end of year $410,579

  • 23 · Secured mortgages and notes payable

    beginning of year $5,582,609 · end of year $5,373,913

  • 25 · Other liabilities

    beginning of year $12,156,297 · end of year $15,224,035

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

    beginning of year $897 · end of year $897

  • 31 · Retained earnings, endowment or other funds

    beginning of year $64,774,973 · end of year $68,226,381

Mission and programs · 2024

Mission

Sale of Electric Energy

  • SUPPLY OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS

As filed on the 2024 return.

Listed in Part VII

  • Yvette Armstrong

    Gen. Mgr./CEO

    Total calculated
    $469,099
    From this org
    $333,963
    From related orgs
    $0
    Other
    $135,136
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $333,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    $117,343
    Nontaxable benefits
    $17,793
    Filer's total
    $469,099

  • John Francisco

    Assistant GM

    Total calculated
    $360,718
    From this org
    $255,970
    From related orgs
    $0
    Other
    $104,748
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,970
    Bonus
    not reported
    Other
    not reported
    Deferred
    $71,262
    Nontaxable benefits
    $33,486
    Filer's total
    $360,718

  • Duane Johnson

    Operations Mgr

    Total calculated
    $305,054
    From this org
    $199,776
    From related orgs
    $0
    Other
    $105,278
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,776
    Bonus
    not reported
    Other
    not reported
    Deferred
    $72,309
    Nontaxable benefits
    $32,969
    Filer's total
    $305,054

  • Mark Hay

    Engineering Mgr

    Total calculated
    $298,840
    From this org
    $210,647
    From related orgs
    $0
    Other
    $88,193
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,647
    Bonus
    not reported
    Other
    not reported
    Deferred
    $63,730
    Nontaxable benefits
    $24,463
    Filer's total
    $298,840

  • Christina Wyatt

    Power Supply Mgr

    Total calculated
    $280,235
    From this org
    $182,527
    From related orgs
    $0
    Other
    $97,708
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,527
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,948
    Nontaxable benefits
    $32,760
    Filer's total
    $280,235

  • Rob Yager

    Line Foreman

    Total calculated
    $256,381
    From this org
    $178,041
    From related orgs
    $0
    Other
    $78,340
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,041
    Bonus
    not reported
    Other
    not reported
    Deferred
    $48,174
    Nontaxable benefits
    $30,166
    Filer's total
    $256,381

  • Curtis Dahl

    President

    Total calculated
    $16,210
    From this org
    $16,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Greg Galbreath

    Treasurer

    Total calculated
    $15,510
    From this org
    $15,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brandon Spencer

    Trustee

    Total calculated
    $15,510
    From this org
    $15,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ken Story

    Trustee

    Total calculated
    $15,510
    From this org
    $15,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dennis Swinger Sr

    Trustee

    Total calculated
    $15,510
    From this org
    $15,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stacy Kniveton

    Vice President

    Total calculated
    $15,410
    From this org
    $15,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Rhody Hayes

    Secretary

    Total calculated
    $15,410
    From this org
    $15,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Burl Booker

    Trustee

    Total calculated
    $15,410
    From this org
    $15,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Harder

    Retired

    Total calculated
    $14,410
    From this org
    $14,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Kallie Harder

    Trustee

    Total calculated
    $7,705
    From this org
    $7,705
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
30 October 2025
IRS schema version
2024v5.2
Source object
202543039349302354

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