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Nonprofiteer
← UNALAKLEET VALLEY ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by UNALAKLEET VALLEY ELECTRIC COOPERATIVE.

Totals

Total revenue
$2,225,605
Total expenses
$2,181,545
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,225,598
Investment income
$7
Other revenue
$0
Total assets, end of year
$4,483,674
Total liabilities, end of year
$1,713,079
Net assets or fund balances, end of year
$2,770,595
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SERVICE REVENUE

    total $2,179,773 · related or exempt $2,179,773

  • 2b · Program service revenue: OTHER REVENUE

    total $45,825 · related or exempt $45,825

  • 3 · Investment income

    total $7 · excluded $7

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $119,284

  • 11b · Fees: legal

    total $98,524

  • 16 · Occupancy

    total $37,651

  • 20 · Interest

    total $29,934

  • 22 · Depreciation, depletion and amortization

    total $63,945

  • 23 · Insurance

    total $91,394

  • 24a · Other expenses: DELIVERED FUEL COST

    total $867,789

  • 24b · Other expenses: POWER PRODUCTION

    total $307,033

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $156,560

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $151,931

  • 24e · All other expenses

    total $257,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $505,014 · end of year $707,225

  • 3 · Pledges and grants receivable

    end of year $357,183

  • 4 · Accounts receivable

    beginning of year $260,645 · end of year $393,706

  • 8 · Inventories for sale or use

    beginning of year $953,388 · end of year $1,021,309

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,372 · end of year $14,833

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

    $2,559,531

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

    $1,454,575

  • 10c · Land, buildings and equipment, net

    beginning of year $1,085,748 · end of year $1,104,956

  • 13 · Investments: program-related

    beginning of year $366,035 · end of year $408,416

  • 15 · Other assets

    beginning of year $444,340 · end of year $476,046

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,083 · end of year $313,602

  • 19 · Deferred revenue

    beginning of year $86,488 · end of year $121,066

  • 23 · Secured mortgages and notes payable

    beginning of year $730,329 · end of year $1,274,304

  • 25 · Other liabilities

    beginning of year $4,107 · end of year $4,107

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $2,726,535 · end of year $2,770,595

Mission and programs · 2023

Mission

TO PROVIDE RELIABLE, SAFE AND AFFORDABLE ELECTRICITY TO THE RESIDENTS OF UNALAKLEET.

  • TO PROVIDE RELIABLE, SAFE AND AFFORDABLE ELECTRICITY TO THE RESIDENTS OF UNALAKLEET.

As filed on the 2023 return.

Listed in Part VII

  • Wesley Jones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Fran Degnan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carol Charles

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gary Eckenweiler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Roesch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tim Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bret Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reese Huhta

    GENERAL MANAGER

    Total calculated
    $119,284
    From this org
    $113,320
    From related orgs
    $0
    Other
    $5,964
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202403059349300245

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