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Nonprofiteer
← CONSUMERS POWER INC

Form 990 for tax year 2022

Filed by CONSUMERS POWER INC.

Totals

Total revenue
$47,215,867
Total expenses
$46,459,851
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,634,874
Investment income
$580,993
Other revenue
$0
Total assets, end of year
$154,350,718
Total liabilities, end of year
$92,165,186
Net assets or fund balances, end of year
$62,185,532
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$46,459,851

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: Revenue from energy sales

    total $46,134,967 · related or exempt $46,134,967 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Rent from electric property

    total $127,718 · related or exempt $127,718 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Other income

    total $372,189 · related or exempt $372,189 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $587,348 · related or exempt $0 · unrelated business $0 · excluded $587,348

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $6,355

  • 7c · Gain or loss

    securities $0 · other assets -$6,355

  • 7d · Net gain or loss

    total -$6,355 · related or exempt -$6,355 · unrelated business $0 · excluded $0

  • 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 $1,035,559

  • 5 · Compensation of officers, directors and key employees

    total $793,606

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,760,374

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 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 $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,057,089

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,071,436

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Purchased power

    total $18,496,731

  • 24b · Other expenses: Transmission and distribution

    total $9,539,428

  • 24c · Other expenses: Consumer accounts, sales, and service

    total $972,118

  • 24d · Other expenses: Administrative and general

    total $2,313,889

  • 24e · All other expenses

    total $1,419,621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $953,712 · end of year $573,346

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $11,394,512 · end of year $14,028,699

  • 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 $1,177,733 · end of year $2,538,867

  • 9 · Prepaid expenses and deferred charges

    beginning of year $912,855 · end of year $1,187,550

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

    $201,422,572

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

    $84,680,092

  • 10c · Land, buildings and equipment, net

    beginning of year $113,688,856 · end of year $116,742,480

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $13,702,973 · end of year $17,345,095

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,078,155 · end of year $1,934,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,903,873 · end of year $2,579,385

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $75,899,880 · end of year $84,485,707

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,681,278 · end of year $5,100,094

  • 29 · Capital stock, trust principal or current funds

    beginning of year $18,420 · end of year $18,714

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

    beginning of year $13,929,758 · end of year $15,307,129

  • 31 · Retained earnings, endowment or other funds

    beginning of year $46,475,587 · end of year $46,859,689

Mission and programs · 2022

Mission

Provide electric service to our members-consumers.

Activities or mission (Part I)

Provides electric service to the organization's member-consumers.

  • Purchase, transmit and sell electric energy, and for this purpose, operate and maintain transmission and distribution lines.

    Expenses $46,459,851

As filed on the 2022 return.

Listed in Part VII

  • Roman E Gillen

    President/CEO

    Total calculated
    $509,198
    From this org
    $283,718
    From related orgs
    $0
    Other
    $225,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,943
    Bonus
    $0
    Other
    $3,775
    Deferred
    $198,572
    Nontaxable benefits
    $23,132
    Filer's total
    $505,422

  • James Ramseyer

    Assistant General Manager

    Total calculated
    $404,199
    From this org
    $203,121
    From related orgs
    $0
    Other
    $201,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,831
    Bonus
    $0
    Other
    $1,290
    Deferred
    $189,156
    Nontaxable benefits
    $10,632
    Filer's total
    $402,909

  • Billy H Terry

    Chief Operating Officer

    Total calculated
    $362,150
    From this org
    $231,612
    From related orgs
    $0
    Other
    $130,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,054
    Bonus
    $0
    Other
    $558
    Deferred
    $106,848
    Nontaxable benefits
    $23,132
    Filer's total
    $361,592

  • Scott A Muller

    Treasurer/CFO

    Total calculated
    $282,773
    From this org
    $192,776
    From related orgs
    $0
    Other
    $89,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,320
    Bonus
    $0
    Other
    $2,455
    Deferred
    $76,910
    Nontaxable benefits
    $10,632
    Filer's total
    $280,317

  • Aric T Williamson

    Foreman

    Total calculated
    $250,203
    From this org
    $200,963
    From related orgs
    $0
    Other
    $49,240
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $199,237
    Bonus
    $0
    Other
    $1,726
    Deferred
    $30,033
    Nontaxable benefits
    $19,001
    Filer's total
    $249,997

  • Shawn Foultner

    Meter/Relay Technician

    Total calculated
    $242,899
    From this org
    $190,479
    From related orgs
    $0
    Other
    $52,420
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $188,701
    Bonus
    $0
    Other
    $1,778
    Deferred
    $33,201
    Nontaxable benefits
    $19,001
    Filer's total
    $242,681

  • Cody M Collier

    Journeyman Lineman

    Total calculated
    $234,138
    From this org
    $189,016
    From related orgs
    $0
    Other
    $45,122
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $187,094
    Bonus
    $0
    Other
    $1,922
    Deferred
    $25,959
    Nontaxable benefits
    $19,001
    Filer's total
    $233,976

  • Brandon Bruneau

    Foreman

    Total calculated
    $225,113
    From this org
    $180,806
    From related orgs
    $0
    Other
    $44,307
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $179,100
    Bonus
    $0
    Other
    $1,706
    Deferred
    $25,100
    Nontaxable benefits
    $19,001
    Filer's total
    $224,907

  • L Russ Sapp

    Chairman

    Total calculated
    $17,250
    From this org
    $12,600
    From related orgs
    $4,650
    Other
    $0
    Hours/week
    5

  • Bill Rauch

    Director

    Total calculated
    $14,550
    From this org
    $9,450
    From related orgs
    $5,100
    Other
    $0
    Hours/week
    5

  • Eric Horning

    Vice President

    Total calculated
    $13,875
    From this org
    $8,775
    From related orgs
    $5,100
    Other
    $0
    Hours/week
    5

  • Terrill Plagmann

    Secretary

    Total calculated
    $13,425
    From this org
    $8,325
    From related orgs
    $5,100
    Other
    $0
    Hours/week
    5

  • Shane Russell

    Director

    Total calculated
    $12,150
    From this org
    $12,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gerald P Etzel

    Director

    Total calculated
    $11,475
    From this org
    $11,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Joyce Maitland

    Director

    Total calculated
    $10,350
    From this org
    $10,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James W Gardner

    Director

    Total calculated
    $6,525
    From this org
    $6,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kevin Christopher

    Assistant Secretary

    Total calculated
    $5,850
    From this org
    $5,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • Casco Communication Inc

    C · Internet · OR · 100% owned · share of income $3,692,505 · share of assets $12,014,917 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202333119349300523

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