Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRICITY

total $178,340,410 · related or exempt $178,340,410

2b · Program service revenue: CIAC

total $1,085,985 · related or exempt $1,085,985

2c · Program service revenue: PATRONAGE ALLOC. RECEIVED

total $351,251 · related or exempt $351,251

3 · Investment income

total $2,060,103 · unrelated business $4 · excluded $2,060,099

6a · Gross rents

real property $23,000 · personal property $401,402

6c · Rental income or loss

real property $23,000 · personal property $401,402

6d · Net rental income or loss

total $424,402 · unrelated business $23,000 · excluded $401,402

7a · Gross sales of assets other than inventory

other assets $1,474,438

7b · Less cost or other basis and sales expenses

other assets $1,427,242

7c · Gain or loss

other assets $47,196

7d · Net gain or loss

total $47,196 · excluded $47,196

11a · Other revenue: PROFIT - USUC LLC

total $943,483 · unrelated business $943,483

11e · Other revenue, total

$943,483

1 · Grants to domestic organizations and governments

total $20,264

4 · Benefits paid to or for members

total $12,278,323

5 · Compensation of officers, directors and key employees

total $2,398,287

7 · Other salaries and wages

total $12,903,327

8 · Pension plan contributions

total $2,391,371

9 · Other employee benefits

total $274,535

10 · Payroll taxes

total $1,153,038

11b · Fees: legal

total $120,067

17 · Travel

total $2,310,786

19 · Conferences, conventions and meetings

total $474,224

20 · Interest

total $7,283,562

22 · Depreciation, depletion and amortization

total $15,544,719

24a · Other expenses: UNION SERVICES TAX EXP.

total $1,247,582

24b · Other expenses: COST OF POWER

total $111,922,497

24c · Other expenses: DISTR EXP - MAINT

total $8,691,080

24d · Other expenses: DISTR EXP - OPERATION

total $3,906,502

24e · All other expenses

total $471,358

1 · Cash, non-interest-bearing

beginning of year $10,909,593 · end of year $11,694,276

2 · Savings and temporary cash investments

end of year $34,022,307

4 · Accounts receivable

beginning of year $19,563,106 · end of year $22,026,560

7 · Other notes and loans receivable

beginning of year $142,090 · end of year $94,589

8 · Inventories for sale or use

beginning of year $2,845,739 · end of year $3,398,325

9 · Prepaid expenses and deferred charges

beginning of year $1,378,782 · end of year $2,828,390

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

$523,830,143

10b · Land, buildings and equipment: accumulated depreciation

$167,926,381

10c · Land, buildings and equipment, net

beginning of year $348,171,657 · end of year $355,903,762

11 · Investments: publicly traded securities

beginning of year $15,984,580 · end of year $16,605,615

13 · Investments: program-related

beginning of year $42,304,465 · end of year $46,132,454

15 · Other assets

beginning of year $413,620 · end of year $445,855

17 · Accounts payable and accrued expenses

beginning of year $17,346,265 · end of year $18,688,063

23 · Secured mortgages and notes payable

beginning of year $203,690,408 · end of year $244,675,102

24 · Unsecured notes and loans payable

beginning of year $517,083 · end of year $517,083

25 · Other liabilities

beginning of year $14,696,278 · end of year $12,990,416

31 · Retained earnings, endowment or other funds

beginning of year $205,463,598 · end of year $216,281,469

UNION SERVICES OF UNION COUNTY LLC

HVAC SALES · NC · income -$304,095 · assets $948,301

Directly controlled by UNION EMC