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Nonprofiteer
← OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC

Form 990 for tax year 2022

Filed by OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC.

Totals

Total revenue
$60,388,263
Total expenses
$60,388,263
Contributions and grants received
$0
Grants paid
$248,027
Program service revenue
$60,195,743
Investment income
$192,239
Other revenue
$281
Total assets, end of year
$135,903,516
Total liabilities, end of year
$58,019,763
Net assets or fund balances, end of year
$77,883,753
Program services expenses (Part IX)
$59,415,330
Management and general expenses
$972,933
Fundraising expenses
$0
Program service expenses (Part III)
$59,415,330

Program services were 98.4% 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: ELECTRIC ENERGY SALES

    total $59,154,493 · related or exempt $59,154,493

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $758,584 · related or exempt $758,584

  • 2c · Program service revenue: PATRONAGE ALLOCATIONS

    total $106,206 · excluded $106,206

  • 2d · Program service revenue: POLE RENTAL INCOME

    total $176,460 · excluded $176,460

  • 3 · Investment income

    total $192,239 · related or exempt $192,239

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 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: SALE OF MAT'LS TO MEMBERS

    total $281 · related or exempt $281

  • 11e · Other revenue, total

    $281

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,027 · program services $248,027

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $5,265,643 · program services $5,265,643

  • 5 · Compensation of officers, directors and key employees

    total $1,867,171 · program services $894,238 · management and general $972,933

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 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 $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,796,766 · program services $1,796,766

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,800,607 · program services $4,800,607

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PURCHASED POWER EXPENSE

    total $27,607,209 · program services $27,607,209

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $7,455,849 · program services $7,455,849

  • 24c · Other expenses: ADM.& GEN. EXPENSE

    total $7,066,438 · program services $7,066,438

  • 24d · Other expenses: CUST. ACCTS, INFO EXP.& SALES

    total $2,218,277 · program services $2,218,277

  • 24e · All other expenses

    total $2,062,276 · program services $2,062,276

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,825 · end of year $5,825

  • 2 · Savings and temporary cash investments

    beginning of year $8,337,184 · end of year $7,240,051

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $6,516,530 · end of year $7,089,868

  • 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

    beginning of year $520,000 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,237,936 · end of year $6,125,887

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,064,106 · end of year $1,022,402

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

    $175,625,343

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

    $70,484,528

  • 10c · Land, buildings and equipment, net

    beginning of year $101,781,750 · end of year $105,140,815

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $8,380,661 · end of year $9,218,928

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $31,960 · end of year $59,740

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,555,839 · end of year $10,342,248

  • 23 · Secured mortgages and notes payable

    beginning of year $44,886,158 · end of year $45,872,369

  • 25 · Other liabilities

    beginning of year $836,965 · end of year $1,805,146

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

    beginning of year $2,049,560 · end of year $2,095,817

  • 31 · Retained earnings, endowment or other funds

    beginning of year $73,547,430 · end of year $75,787,936

Mission and programs · 2022

Mission

To safely provide reliable electric and related services that support the economy and the quality of life of OTEC members based on the cooperative principles.

  • PROVIDE ELECTRIC SERVICE TO OUR MEMBER - OWNERS

    Expenses $59,415,330 · Revenue $60,195,743

As filed on the 2022 return.

Listed in Part VII

  • Les M Penning

    CEO

    Total calculated
    $560,464
    From this org
    $348,987
    From related orgs
    $0
    Other
    $211,477
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $312,221
    Bonus
    $32,000
    Other
    $4,766
    Deferred
    $176,779
    Nontaxable benefits
    $34,698
    Filer's total
    $560,464

  • Charles Tracy

    DIRECTOR OF ENGINEERING

    Total calculated
    $307,010
    From this org
    $182,590
    From related orgs
    $0
    Other
    $124,420
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,621
    Bonus
    $4,200
    Other
    $20,769
    Deferred
    $89,834
    Nontaxable benefits
    $34,586
    Filer's total
    $307,010

  • Tim Sheehy

    DIRECTOR OF IT

    Total calculated
    $283,745
    From this org
    $152,254
    From related orgs
    $0
    Other
    $131,491
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $141,695
    Bonus
    $3,700
    Other
    $6,859
    Deferred
    $97,306
    Nontaxable benefits
    $34,185
    Filer's total
    $283,745

  • Tom Higgins

    WORKING FOREMAN

    Total calculated
    $283,324
    From this org
    $197,539
    From related orgs
    $0
    Other
    $85,785
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $191,699
    Bonus
    $2,700
    Other
    $3,140
    Deferred
    $50,967
    Nontaxable benefits
    $34,818
    Filer's total
    $283,324

  • Blake Eckstein

    GENERAL FOREMAN

    Total calculated
    $273,586
    From this org
    $224,338
    From related orgs
    $0
    Other
    $49,248
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $218,676
    Bonus
    $2,700
    Other
    $2,962
    Deferred
    $14,430
    Nontaxable benefits
    $34,818
    Filer's total
    $273,586

  • Rich Eskew

    WORKING FOREMAN

    Total calculated
    $262,873
    From this org
    $177,952
    From related orgs
    $0
    Other
    $84,921
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $172,455
    Bonus
    $2,700
    Other
    $2,797
    Deferred
    $50,222
    Nontaxable benefits
    $34,699
    Filer's total
    $262,873

  • Eric Wirfs

    DIRECTOR OF OPERATIONS

    Total calculated
    $251,335
    From this org
    $167,459
    From related orgs
    $0
    Other
    $83,876
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $153,407
    Bonus
    $4,700
    Other
    $9,352
    Deferred
    $51,869
    Nontaxable benefits
    $32,007
    Filer's total
    $251,335

  • Travis Smart

    SERVICEMAN/INSPECT

    Total calculated
    $250,455
    From this org
    $182,989
    From related orgs
    $0
    Other
    $67,466
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $177,305
    Bonus
    $2,700
    Other
    $2,984
    Deferred
    $34,167
    Nontaxable benefits
    $33,299
    Filer's total
    $250,455

  • Heidi Dalton

    CFO

    Total calculated
    $246,167
    From this org
    $167,973
    From related orgs
    $0
    Other
    $78,194
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $162,055
    Bonus
    $5,200
    Other
    $718
    Deferred
    $64,353
    Nontaxable benefits
    $13,841
    Filer's total
    $246,167

  • Tadd McCrae

    WORKING FOREMAN

    Total calculated
    $229,787
    From this org
    $182,527
    From related orgs
    $0
    Other
    $47,260
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $176,549
    Bonus
    $2,700
    Other
    $3,278
    Deferred
    $12,442
    Nontaxable benefits
    $34,818
    Filer's total
    $229,787

  • Wayne Overton

    President

    Total calculated
    $33,950
    From this org
    $33,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Aletha Bonebrake

    Vice President

    Total calculated
    $26,700
    From this org
    $26,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Robert Cargill

    DIRECTOR

    Total calculated
    $25,950
    From this org
    $25,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • David Baum

    Director

    Total calculated
    $24,750
    From this org
    $24,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Gary Miller

    Secretary-Treas

    Total calculated
    $24,750
    From this org
    $24,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Charlene Chase

    Director

    Total calculated
    $24,300
    From this org
    $24,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Austin Bingaman

    Director

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • George Galloway

    Director

    Total calculated
    $19,350
    From this org
    $19,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Cory Miller

    Director

    Total calculated
    $17,100
    From this org
    $17,100
    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

  • OTEC MEMBER FOUNDATION

    $220,000

    COMMUNITY SCHOLARSHIPS & DONATIONS

  • COMMUNITY CONNECTIONS

    $28,027

    LOW INCOME ENERGY ASSISTANCE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202332989349301263

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