Form 990 for tax year 2022
Filed by NORTH CENTRAL ELECTRIC COOPERATIVE INC.
Totals
- Total revenue
- $30,230,060
- Total expenses
- $28,163,765
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $30,208,960
- Investment income
- $36,264
- Other revenue
- -$15,164
- Total assets, end of year
- $77,695,772
- Total liabilities, end of year
- $43,351,969
- Net assets or fund balances, end of year
- $34,343,803
- Program services expenses (Part IX)
- $28,163,765
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,163,765
Program services were 100.0% 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: RESIDENTIAL SALES
total $18,962,794 · related or exempt $18,962,794
-
2b · Program service revenue: COMMERCIAL SALES - LARGE
total $5,399,988 · related or exempt $5,399,988
-
2c · Program service revenue: COMMERCIAL SALES- SMALL
total $3,842,860 · related or exempt $3,842,860
-
2d · Program service revenue: PATRONAGE CAPITAL CREDITS
total $951,259 · related or exempt $951,259
-
2e · Program service revenue: PUBLIC REVENUES
total $708,419 · related or exempt $708,419
-
2f · All other program service revenue
total $343,640 · related or exempt $343,640
-
3 · Investment income
total $36,264 · excluded $36,264
-
11a · Other revenue: MISC REVENUE/EXP
total -$41,830 · related or exempt -$41,830
-
11d · All other revenue
total $26,666 · excluded $26,666
-
11e · Other revenue, total
-$15,164
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $1,285,152 · program services $1,285,152
-
22 · Depreciation, depletion and amortization
total $2,781,345 · program services $2,781,345
-
24a · Other expenses: PURCHASED POWER
total $17,129,073 · program services $17,129,073
-
24b · Other expenses: OPERATIONS EXPENSE
total $2,146,920 · program services $2,146,920
-
24c · Other expenses: GENERAL AND ADMINISTRAT
total $2,134,137 · program services $2,134,137
-
24d · Other expenses: MAINTENANCE EXPENSE
total $1,173,145 · program services $1,173,145
-
24e · All other expenses
total $1,513,993 · program services $1,513,993
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $292,277 · end of year $363,611
-
2 · Savings and temporary cash investments
beginning of year $1,000,927 · end of year $53,195
-
4 · Accounts receivable
beginning of year $2,507,983 · end of year $2,874,937
-
7 · Other notes and loans receivable
beginning of year $7,417 · end of year $7,413
-
8 · Inventories for sale or use
beginning of year $609,987 · end of year $1,013,203
-
9 · Prepaid expenses and deferred charges
beginning of year $485,763 · end of year $360,999
-
10a · Land, buildings and equipment: cost or other basis
$88,728,856
-
10b · Land, buildings and equipment: accumulated depreciation
$29,316,843
-
10c · Land, buildings and equipment, net
beginning of year $55,444,229 · end of year $59,412,013
-
12 · Investments: other securities
beginning of year $13,575,832 · end of year $13,610,401
-
17 · Accounts payable and accrued expenses
beginning of year $3,315,571 · end of year $7,332,700
-
23 · Secured mortgages and notes payable
beginning of year $34,643,890 · end of year $33,142,334
-
25 · Other liabilities
beginning of year $2,607,174 · end of year $2,876,935
-
29 · Capital stock, trust principal or current funds
beginning of year $80,980 · end of year $80,980
-
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 $33,276,800 · end of year $34,262,823
Mission and programs · 2022
Mission
TO PROVIDE OUR MEMBER-OWNERS WITH HIGHLY RELIABLE ELECTRIC SERVICE, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.
Activities or mission (Part I)
TO PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.
-
PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.
Expenses $28,163,765 · Revenue $30,208,961
As filed on the 2022 return.
Listed in Part VII
-
Kevin BishopKEVIN BISHOP
SECRETARY
- Total calculated
- $11,375
- From this org
- $11,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.88
-
Andrew BroseANDREW BROSE
DIRECTOR
- Total calculated
- $4,600
- From this org
- $4,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.37
-
Ronald FrischRONALD FRISCH
DIRECTOR
- Total calculated
- $8,450
- From this org
- $8,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.94
-
David GreenDAVID GREEN
DIRECTOR
- Total calculated
- $7,250
- From this org
- $7,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.63
-
Michael SchergerMICHAEL SCHERGER
VICE CHAIR
- Total calculated
- $11,150
- From this org
- $11,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.15
-
Dennis SchindlerDENNIS SCHINDLER
DIRECTOR
- Total calculated
- $11,825
- From this org
- $11,825
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.42
-
Steven SeitzSTEVEN SEITZ
TREASURER
- Total calculated
- $11,336
- From this org
- $11,336
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.02
-
Rodney SnavelyRODNEY SNAVELY
CHAIR
- Total calculated
- $16,275
- From this org
- $16,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.35
-
Nicholas WagnerNICHOLAS WAGNER
DIRECTOR
- Total calculated
- $13,925
- From this org
- $13,925
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7.27
-
Edward VanhooseEDWARD VANHOOSE
PRESIDENT/CEO
- Total calculated
- $132,163
- From this org
- $121,642
- From related orgs
- $0
- Other
- $10,521
- Hours/week
- 60
-
Brad WarnementBRAD WARNEMENT
CHIEF OPERATING OFFICER
- Total calculated
- $80,737
- From this org
- $69,598
- From related orgs
- $0
- Other
- $11,139
- Hours/week
- 53.85
-
Brian MillerBRIAN MILLER
LINEMAN
- Total calculated
- $131,325
- From this org
- $109,701
- From related orgs
- $0
- Other
- $21,624
- Hours/week
- 46.52
-
Patrick PifherPATRICK PIFHER
ENGINEERING SERVICES MANAGER
- Total calculated
- $128,989
- From this org
- $106,086
- From related orgs
- $0
- Other
- $22,903
- Hours/week
- 42.92
-
Daniel ReerDANIEL REER
LINEMAN
- Total calculated
- $108,773
- From this org
- $104,870
- From related orgs
- $0
- Other
- $3,903
- Hours/week
- 44.42
-
Randall PhillipsRANDALL PHILLIPS
OPERATIONS MANAGER
- Total calculated
- $120,185
- From this org
- $104,544
- From related orgs
- $0
- Other
- $15,641
- Hours/week
- 45
-
Curt ReiterCURT REITER
LINEMAN
- Total calculated
- $111,067
- From this org
- $102,090
- From related orgs
- $0
- Other
- $8,977
- Hours/week
- 44.96
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.
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.
-
FEDERATED ENERGY SERVICES COOPERATIVE INC
C · SERVICE MANAGEMENT · OH · 50% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349303151
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