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Nonprofiteer
← BIG BEND ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by BIG BEND ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$43,592,746
Total expenses
$42,890,158
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$42,749,498
Investment income
$702,588
Other revenue
$140,660
Total assets, end of year
$87,649,795
Total liabilities, end of year
$22,873,925
Net assets or fund balances, end of year
$64,775,870
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: Electricity Sales

    total $42,453,778 · related or exempt $42,453,778

  • 2b · Program service revenue: Other Electric Revenues

    total $295,720 · related or exempt $295,720

  • 3 · Investment income

    total $623,948 · related or exempt $30,957 · excluded $592,991

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $140,660

  • 6c · Rental income or loss

    personal property $140,660

  • 6d · Net rental income or loss

    total $140,660 · excluded $140,660

  • 7a · Gross sales of assets other than inventory

    other assets $78,640

  • 7c · Gain or loss

    other assets $78,640

  • 7d · Net gain or loss

    total $78,640 · related or exempt $78,640

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other non-operating rev

  • 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 $5,573,587

  • 5 · Compensation of officers, directors and key employees

    total $553,125

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,071,763

  • 8 · Pension plan contributions

    total $1,308,811

  • 9 · Other employee benefits

    total $1,381,361

  • 10 · Payroll taxes

    total $386,869

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $18,274

  • 11c · Fees: accounting

    total $11,650

  • 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 $27,295

  • 13 · Office expenses

    total $55,927

  • 14 · Information technology

    total $156,329

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $112,678

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $184,246

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,912,478

  • 23 · Insurance

    total $166,136

  • 24a · Other expenses: Cost of power

    total $19,777,839

  • 24b · Other expenses: Admin and general

    total $5,281,836

  • 24c · Other expenses: Distribution - maintenance

    total $3,056,663

  • 24d · Other expenses: Distribution - operations

    total $2,694,506

  • 24e · All other expenses

    total -$6,841,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,123,211 · end of year $778,081

  • 2 · Savings and temporary cash investments

    beginning of year $6,045,975 · end of year $8,777,501

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $6,045,762 · end of year $6,561,266

  • 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 $5,846,307 · end of year $6,403,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $555,500 · end of year $397,647

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

    $122,130,051

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

    $58,622,269

  • 10c · Land, buildings and equipment, net

    beginning of year $58,527,002 · end of year $63,507,782

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,204,911 · end of year $1,223,687

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,436,515 · end of year $4,743,939

  • 19 · Deferred revenue

    beginning of year $396,210 · end of year $391,080

  • 23 · Secured mortgages and notes payable

    beginning of year $5,791,304 · end of year $5,582,609

  • 25 · Other liabilities

    beginning of year $7,462,865 · end of year $12,156,297

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

    beginning of year $897 · end of year $897

  • 31 · Retained earnings, endowment or other funds

    beginning of year $60,260,877 · end of year $64,774,973

Mission and programs · 2023

Mission

Sale of Electric Energy

  • SUPPLY OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS

As filed on the 2023 return.

Listed in Part VII

  • Yvette Armstrong

    Gen. Mgr./CEO

    Total calculated
    $420,030
    From this org
    $292,956
    From related orgs
    $0
    Other
    $127,074
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $292,956
    Bonus
    not reported
    Other
    not reported
    Deferred
    $110,133
    Nontaxable benefits
    $16,941
    Filer's total
    $420,030

  • John Francisco

    Assistant GM

    Total calculated
    $320,538
    From this org
    $225,729
    From related orgs
    $0
    Other
    $94,809
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,729
    Bonus
    not reported
    Other
    not reported
    Deferred
    $63,220
    Nontaxable benefits
    $31,589
    Filer's total
    $320,538

  • Duane Johnson

    Operations Mgr

    Total calculated
    $290,240
    From this org
    $190,119
    From related orgs
    $0
    Other
    $100,121
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,119
    Bonus
    not reported
    Other
    not reported
    Deferred
    $68,619
    Nontaxable benefits
    $31,502
    Filer's total
    $290,240

  • Mark Hay

    Engineering Mgr

    Total calculated
    $282,336
    From this org
    $196,978
    From related orgs
    $0
    Other
    $85,358
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,978
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,543
    Nontaxable benefits
    $24,815
    Filer's total
    $282,336

  • Thomas Ramirez

    Serviceman

    Total calculated
    $252,038
    From this org
    $182,538
    From related orgs
    $0
    Other
    $69,500
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,538
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,984
    Nontaxable benefits
    $28,516
    Filer's total
    $252,038

  • Shannon Phillips

    CFO

    Total calculated
    $218,804
    From this org
    $202,094
    From related orgs
    $0
    Other
    $16,710
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,094
    Bonus
    not reported
    Other
    not reported
    Deferred
    $897
    Nontaxable benefits
    $15,813
    Filer's total
    $218,804

  • Curtis Dahl

    President

    Total calculated
    $15,255
    From this org
    $15,255
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brandon Spencer

    Trustee

    Total calculated
    $15,055
    From this org
    $15,055
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ken Story

    Trustee

    Total calculated
    $14,755
    From this org
    $14,755
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stacy Kniveton

    Vice President

    Total calculated
    $14,655
    From this org
    $14,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Greg Galbreath

    Treasurer

    Total calculated
    $14,655
    From this org
    $14,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dennis Swinger Sr

    Trustee

    Total calculated
    $14,555
    From this org
    $14,555
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Rhody Hayes

    Secretary

    Total calculated
    $14,555
    From this org
    $14,555
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Burl Booker

    Trustee

    Total calculated
    $14,455
    From this org
    $14,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Harder

    Trustee

    Total calculated
    $13,555
    From this org
    $13,555
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Kallie Harder

    Trustee

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
1 July 2024
IRS schema version
2023v5.1
Source object
202431849349300423

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