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Nonprofiteer
← CRAIG-BOTETOURT ELECTRIC CO-OPERATIVE

Form 990 for tax year 2024

Filed by CRAIG-BOTETOURT ELECTRIC CO-OPERATIVE.

Totals

Total revenue
$20,003,856
Total expenses
$17,026,807
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,217,109
Investment income
$3,989
Other revenue
$782,758
Total assets, end of year
$46,930,571
Total liabilities, end of year
$32,231,415
Net assets or fund balances, end of year
$14,699,156
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 TO MEMBERS

    total $16,456,450 · related or exempt $16,456,450

  • 2b · Program service revenue: CIAC

    total $2,738,972 · related or exempt $2,738,972

  • 2c · Program service revenue: PATRONAGE ALLOCATIONS

    total $21,687 · related or exempt $21,687

  • 3 · Investment income

    total $30,828 · excluded $30,828

  • 6a · Gross rents

    personal property $383,182

  • 6c · Rental income or loss

    personal property $383,182

  • 6d · Net rental income or loss

    total $383,182 · excluded $383,182

  • 7a · Gross sales of assets other than inventory

    other assets $42,240

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

    other assets $69,079

  • 7c · Gain or loss

    other assets -$26,839

  • 7d · Net gain or loss

    total -$26,839 · excluded -$26,839

  • 11a · Other revenue: EQUITY (LOSS) FROM SUBSIDIARY

    total $273,576 · related or exempt $273,576

  • 11b · Other revenue: LEASE INCOME

    total $126,000 · unrelated business $126,000

  • 11e · Other revenue, total

    $399,576

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $196,277

  • 5 · Compensation of officers, directors and key employees

    total $448,514

  • 7 · Other salaries and wages

    total $1,865,637

  • 8 · Pension plan contributions

    total $345,816

  • 10 · Payroll taxes

    total $173,701

  • 11b · Fees: legal

    total $85,639

  • 17 · Travel

    total $484,206

  • 19 · Conferences, conventions and meetings

    total $4,506

  • 20 · Interest

    total $1,035,915

  • 22 · Depreciation, depletion and amortization

    total $1,750,161

  • 24a · Other expenses: COST OF POWER

    total $9,170,999

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $1,264,909

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $483,429

  • 24d · Other expenses: DISTRIBUTION OPERATION

    total $288,877

  • 24e · All other expenses

    total -$571,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,236 · end of year $376,535

  • 2 · Savings and temporary cash investments

    beginning of year $635,350 · end of year $72,466

  • 4 · Accounts receivable

    beginning of year $1,883,388 · end of year $1,920,057

  • 8 · Inventories for sale or use

    beginning of year $789,856 · end of year $1,431,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $322,200 · end of year $178,434

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

    $57,857,794

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

    $15,967,618

  • 10c · Land, buildings and equipment, net

    beginning of year $38,116,531 · end of year $41,890,176

  • 12 · Investments: other securities

    beginning of year $7,314 · end of year $280,890

  • 13 · Investments: program-related

    beginning of year $735,571 · end of year $776,496

  • 15 · Other assets

    beginning of year $6,511 · end of year $3,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,055,661 · end of year $1,855,929

  • 23 · Secured mortgages and notes payable

    beginning of year $25,933,162 · end of year $29,640,628

  • 25 · Other liabilities

    beginning of year $514,270 · end of year $734,858

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,382,864 · end of year $14,699,156

Mission and programs · 2024

Mission

SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS.

  • SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER: 9,170,999 SALARIES & WAGES: 1,865,637 DEPRECIATION: 1,750,161

As filed on the 2024 return.

Listed in Part VII

  • Jeff M Ahearn

    CEO

    Total calculated
    $253,498
    From this org
    $188,433
    From related orgs
    $0
    Other
    $65,065
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $188,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    $53,397
    Nontaxable benefits
    $11,668
    Filer's total
    $253,498

  • Tim Kaczmarski

    DIRECTOR OF

    Total calculated
    $162,016
    From this org
    $117,179
    From related orgs
    $0
    Other
    $44,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,179
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,187
    Nontaxable benefits
    $10,650
    Filer's total
    $162,016

  • Josh Ouellette

    LINE FOREMAN

    Total calculated
    $147,550
    From this org
    $116,523
    From related orgs
    $0
    Other
    $31,027
    Hours/week
    40

  • Robert Hall

    DIRECTOR OF

    Total calculated
    $145,727
    From this org
    $103,453
    From related orgs
    $0
    Other
    $42,274
    Hours/week
    40

  • Ellis Bates

    LINE FOREMAN

    Total calculated
    $140,243
    From this org
    $109,840
    From related orgs
    $0
    Other
    $30,403
    Hours/week
    40

  • James Scott

    LINEMAN

    Total calculated
    $130,750
    From this org
    $101,150
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

  • Jc Winstead

    ASST SECRETA

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.85 + 1 related

  • James E Huffman

    PRESIDENT

    Total calculated
    $6,200
    From this org
    $6,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.15 + 1 related

  • Frank R Garman Jr

    DIRECTOR

    Total calculated
    $5,800
    From this org
    $5,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.38 + 1 related

  • Patrick J Ryan

    VICE PRESIDE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.14 + 1 related

  • Everette J Harlow

    SECRETARY/TR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.26 + 1 related

  • Travis Shrewsbury

    DIRECTOR

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.88 + 1 related

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 committee
  • 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.

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.

  • CRAIG BOTETOURT ENERGY AND HOME SERVICES LLC

    INTERNET · VA · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202543099349302119

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