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Nonprofiteer
← ACCESS ENERGY COOPERATIVE

Form 990 for tax year 2023

Filed by ACCESS ENERGY COOPERATIVE.

Totals

Total revenue
$39,618,237
Total expenses
$37,555,154
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,120,352
Investment income
$499,351
Other revenue
-$1,466
Total assets, end of year
$108,807,143
Total liabilities, end of year
$49,967,467
Net assets or fund balances, end of year
$58,839,676
Program services expenses (Part IX)
$37,555,154
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$37,555,154

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: SALES OF ENERGY

    total $36,736,781 · related or exempt $36,736,781

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $1,910,447 · excluded $1,910,447

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $296,265 · excluded $296,265

  • 2d · Program service revenue: OTHER ELECTRIC REVENUES

    total $176,859 · related or exempt $176,859

  • 3 · Investment income

    total $485,600 · excluded $485,600

  • 7a · Gross sales of assets other than inventory

    other assets $17,590

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

    other assets $3,839

  • 7c · Gain or loss

    other assets $13,751

  • 7d · Net gain or loss

    total $13,751 · related or exempt $13,751

  • 11a · Other revenue: SUBSIDIARY EARNINGS

    total -$85 · related or exempt -$85

  • 11b · Other revenue: MISC NONOP INCOME

    total -$1,381 · unrelated business -$1,381

  • 11e · Other revenue, total

    -$1,466

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,257,170 · program services $1,257,170

  • 5 · Compensation of officers, directors and key employees

    total $454,883 · program services $454,883

  • 7 · Other salaries and wages

    total $995,379 · program services $995,379

  • 20 · Interest

    total $1,690,945 · program services $1,690,945

  • 22 · Depreciation, depletion and amortization

    total $2,341,918 · program services $2,341,918

  • 24a · Other expenses: PURCHASED POWER

    total $24,528,259 · program services $24,528,259

  • 24b · Other expenses: OPERATIONS

    total $2,943,928 · program services $2,943,928

  • 24c · Other expenses: MAINTENANCE

    total $1,830,675 · program services $1,830,675

  • 24d · Other expenses: ADMINSTRATIVE EXPENSES

    total $855,012 · program services $855,012

  • 24e · All other expenses

    total $656,985 · program services $656,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $615,242 · end of year $796,399

  • 2 · Savings and temporary cash investments

    beginning of year $8,035,105 · end of year $6,633,019

  • 4 · Accounts receivable

    beginning of year $4,104,586 · end of year $5,417,262

  • 7 · Other notes and loans receivable

    beginning of year $2,467,972 · end of year $2,101,012

  • 8 · Inventories for sale or use

    beginning of year $1,759,224 · end of year $1,647,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,952 · end of year $78,704

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

    $92,317,572

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

    $22,296,532

  • 10c · Land, buildings and equipment, net

    beginning of year $67,123,126 · end of year $70,021,040

  • 12 · Investments: other securities

    beginning of year $19,718,271 · end of year $21,212,891

  • 14 · Intangible assets

    beginning of year $10,861 · end of year $10,861

  • 15 · Other assets

    beginning of year $600,658 · end of year $888,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,575,410 · end of year $4,178,364

  • 24 · Unsecured notes and loans payable

    beginning of year $41,654,146 · end of year $43,302,441

  • 25 · Other liabilities

    beginning of year $2,536,123 · end of year $2,486,662

  • 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 $6,027 · end of year $6,027

  • 31 · Retained earnings, endowment or other funds

    beginning of year $56,749,291 · end of year $58,833,649

Mission and programs · 2023

Mission

ACCESS ENERGY COOPERATIVE IS DEDICATED TO EXCEEDING MEMBERS' EXPECTATIONS FOR SAFE, RELIABLE, EFFICIENT SERVICE WHILE BEING A GOOD CITIZEN IN OUR COMMUNITIES.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

    Expenses $37,555,154 · Revenue $36,913,640

As filed on the 2023 return.

Listed in Part VII

  • Jerry Barker

    DIRECTOR

    Total calculated
    $11,146
    From this org
    $11,135
    From related orgs
    $0
    Other
    $11
    Hours/week
    7.9

  • Robert Chestnut III

    VICE PRESIDENT

    Total calculated
    $9,401
    From this org
    $9,385
    From related orgs
    $0
    Other
    $16
    Hours/week
    6

  • Fred Hickenbottom

    DIRECTOR

    Total calculated
    $9,646
    From this org
    $9,635
    From related orgs
    $0
    Other
    $11
    Hours/week
    5

  • Dave Hollingsworth

    DIRECTOR

    Total calculated
    $9,151
    From this org
    $9,135
    From related orgs
    $0
    Other
    $16
    Hours/week
    8.2

  • Mike Holtkamp

    SECRETARY

    Total calculated
    $10,401
    From this org
    $10,385
    From related orgs
    $0
    Other
    $16
    Hours/week
    5.4

  • Marvin Larson

    PRESIDENT

    Total calculated
    $10,636
    From this org
    $10,620
    From related orgs
    $0
    Other
    $16
    Hours/week
    5.9

  • Marvin Newton

    DIRECTOR

    Total calculated
    $13,146
    From this org
    $13,135
    From related orgs
    $0
    Other
    $11
    Hours/week
    10.8

  • Robert Smith

    TREASURER

    Total calculated
    $4,401
    From this org
    $4,385
    From related orgs
    $0
    Other
    $16
    Hours/week
    1

  • Larry White

    DIRECTOR

    Total calculated
    $13,392
    From this org
    $13,385
    From related orgs
    $0
    Other
    $7
    Hours/week
    7.4

  • Kevin Wheeler

    CEO

    Total calculated
    $310,377
    From this org
    $213,279
    From related orgs
    $0
    Other
    $97,098
    Hours/week
    44.2

    Schedule J breakdown matched by us

    Base
    $213,279
    Bonus
    $0
    Other
    $0
    Deferred
    $65,702
    Nontaxable benefits
    $31,396
    Filer's total
    $310,377

  • Tammy Snavely

    CFO

    Total calculated
    $265,951
    From this org
    $150,284
    From related orgs
    $0
    Other
    $115,667
    Hours/week
    46.3

    Schedule J breakdown matched by us

    Base
    $150,284
    Bonus
    $0
    Other
    $0
    Deferred
    $93,696
    Nontaxable benefits
    $21,971
    Filer's total
    $265,951

  • Tyler Thein

    DIRECTOR OF ENGINEERING

    Total calculated
    $183,573
    From this org
    $140,107
    From related orgs
    $0
    Other
    $43,466
    Hours/week
    43.2

    Schedule J breakdown matched by us

    Base
    $140,107
    Bonus
    $0
    Other
    $0
    Deferred
    $15,539
    Nontaxable benefits
    $27,927
    Filer's total
    $183,573

  • Daniel Phillips

    DIRECTOR OF OPERATIONS

    Total calculated
    $230,412
    From this org
    $124,053
    From related orgs
    $0
    Other
    $106,359
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $124,053
    Bonus
    $0
    Other
    $0
    Deferred
    $85,557
    Nontaxable benefits
    $20,802
    Filer's total
    $230,412

  • Anthony Brown

    DISTRICT FOREMAN

    Total calculated
    $180,129
    From this org
    $117,890
    From related orgs
    $0
    Other
    $62,239
    Hours/week
    42.8

    Schedule J breakdown matched by us

    Base
    $117,890
    Bonus
    $0
    Other
    $0
    Deferred
    $38,424
    Nontaxable benefits
    $23,815
    Filer's total
    $180,129

  • Levon Mullen

    SERVICEMAN

    Total calculated
    $155,643
    From this org
    $117,256
    From related orgs
    $0
    Other
    $38,387
    Hours/week
    45.7

    Schedule J breakdown matched by us

    Base
    $117,256
    Bonus
    $0
    Other
    $0
    Deferred
    $12,808
    Nontaxable benefits
    $25,579
    Filer's total
    $155,643

  • William Simon

    SERVICEMAN

    Total calculated
    $175,164
    From this org
    $117,109
    From related orgs
    $0
    Other
    $58,055
    Hours/week
    44.3

    Schedule J breakdown matched by us

    Base
    $117,109
    Bonus
    $0
    Other
    $0
    Deferred
    $32,668
    Nontaxable benefits
    $25,387
    Filer's total
    $175,164

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2024
IRS schema version
2023v5.1
Source object
202431929349301103

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