Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $47,304,938 · related or exempt $47,304,938

• 2b · Program service revenue: SERVICE FEES

  total $422,654 · related or exempt $422,654

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $88,791 · related or exempt $88,791

• 3 · Investment income

  total $159,660 · excluded $159,660

• 6a · Gross rents

  real property $27,020 · personal property $142,026

• 6b · Less rental expenses

  real property $0 · personal property $102,271

• 6c · Rental income or loss

  real property $27,020 · personal property $39,755

• 6d · Net rental income or loss

  total $66,775 · unrelated business $39,755 · excluded $27,020

• 7a · Gross sales of assets other than inventory

  other assets $163,964

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

  other assets $70,556

• 7c · Gain or loss

  other assets $93,408

• 7d · Net gain or loss

  total $93,408 · excluded $93,408

• 10a · Gross sales of inventory

  $8,661

• 10b · Cost of goods sold

  $2,835

• 10c · Net income from sales of inventory

  total $5,826 · related or exempt $5,826

• 11a · Other revenue: MISC SALES & INSTALLATION

  total $281,316 · unrelated business $281,316

• 11b · Other revenue: POLE ATTACHMENT INCOME

  total $80,881 · excluded $80,881

• 11c · Other revenue: AIR EVAC REVENUE

  total $79,490 · unrelated business $79,490

• 11e · Other revenue, total

  $441,687

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $203,662

• 5 · Compensation of officers, directors and key employees

  total $576,256

• 7 · Other salaries and wages

  total $1,882,180

• 8 · Pension plan contributions

  total $243,752

• 9 · Other employee benefits

  total $235,218

• 10 · Payroll taxes

  total $160,483

• 20 · Interest

  total $1,221,327

• 22 · Depreciation, depletion and amortization

  total $2,840,019

• 24a · Other expenses: PURCHASED POWER

  total $35,896,594

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $2,980,228

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $1,025,882

• 24d · Other expenses: UNRELATED BUS. INC. TAX

  total $19,400

• 24e · All other expenses

  total $718,367

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,567,399 · end of year $2,720,035

• 2 · Savings and temporary cash investments

  beginning of year $3,613,250 · end of year $2,479,554

• 4 · Accounts receivable

  beginning of year $500,723 · end of year $852,993

• 8 · Inventories for sale or use

  beginning of year $593,385 · end of year $889,379

• 9 · Prepaid expenses and deferred charges

  beginning of year $485,439 · end of year $25,092,447

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

  $100,384,344

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

  $27,192,398

• 10c · Land, buildings and equipment, net

  beginning of year $70,572,171 · end of year $73,191,946

• 13 · Investments: program-related

  beginning of year $16,918,465 · end of year $17,009,707

• 15 · Other assets

  beginning of year $1,611,124 · end of year $3,177,418

• 17 · Accounts payable and accrued expenses

  beginning of year $3,645,068 · end of year $5,681,230

• 21 · Escrow or custodial account liability

  beginning of year $270,189 · end of year $869,465

• 23 · Secured mortgages and notes payable

  beginning of year $40,593,459 · end of year $63,573,972

• 25 · Other liabilities

  beginning of year $9,324,385 · end of year $8,280,811

• 29 · Capital stock, trust principal or current funds

  beginning of year $185,990 · end of year $191,715

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $46,842,865 · end of year $46,816,286

The filer's explanations (Part III)

PART I, LINE 1A

PURSUANT TO THE COOPERATIVE'S WELLNESS PROGRAM, EMPLOYEES ARE ELIGIBLE TO RECEIVE A REIMBURSEMENT UP TO $30 PER MONTH FOR THE COST OF A GYM MEMBERSHIP.

PART II, COLUMN C:

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ALAN LESLEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,942 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,806 TOTAL REPORTED IN COLUMN C $ 64,748 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (54,942) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,587 EXPENSE TO THE COOPERATIVE $ 42,393 EDDIE STRUBE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 75,690 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,092 TOTAL REPORTED IN COLUMN C $ 83,782 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (75,690) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,149 EXPENSE TO THE COOPERATIVE $ 30,241 KELLIE DETERS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 60,230 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,577 TOTAL REPORTED IN COLUMN C $ 66,807 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (60,230) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,089 EXPENSE TO THE COOPERATIVE $ 26,666 CHAD FOREMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,372 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,118 TOTAL REPORTED IN COLUMN C $ 33,490 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (26,372) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,597 EXPENSE TO THE COOPERATIVE $ 26,715

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CECA HOLDINGS LLC

  SOLAR SALES & INSTALLATIONS · TX · income $281,316 · assets $417,799

  Directly controlled by COMANCHE COUNTY ELECTRIC COOPERATIVE ASSOCIATION