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Nonprofiteer
← CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$50,945,395
Total expenses
$51,376,944
Contributions and grants received
$0
Grants paid
$166,587
Program service revenue
$49,308,439
Investment income
$376,035
Other revenue
$1,260,921
Total assets, end of year
$132,463,751
Total liabilities, end of year
$75,269,626
Net assets or fund balances, end of year
$57,194,125
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: SALE AND DIST. OF ELECTRIC

    total $48,506,314 · related or exempt $48,506,314

  • 2b · Program service revenue: CONT. IN AID OF CONST.

    total $749,800 · related or exempt $749,800

  • 2c · Program service revenue: CASH PATRONAGE RECEIVED

    total $52,325 · related or exempt $52,325

  • 3 · Investment income

    total $326,082 · excluded $326,082

  • 6a · Gross rents

    personal property $1,243,448

  • 6c · Rental income or loss

    personal property $1,243,448

  • 6d · Net rental income or loss

    total $1,243,448 · excluded $1,243,448

  • 7a · Gross sales of assets other than inventory

    other assets $64,683

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

    other assets $14,730

  • 7c · Gain or loss

    other assets $49,953

  • 7d · Net gain or loss

    total $49,953 · excluded $49,953

  • 11a · Other revenue: OTHER INCOME

    total $10,973 · related or exempt $10,973

  • 11b · Other revenue: EARNINGS FROM EQ. INV.

    total $6,500 · related or exempt $6,500

  • 11e · Other revenue, total

    $17,473

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000

  • 2 · Grants to domestic individuals

    total $146,587

  • 4 · Benefits paid to or for members

    total $6,179,908

  • 5 · Compensation of officers, directors and key employees

    total $1,015,713

  • 7 · Other salaries and wages

    total $6,503,721

  • 8 · Pension plan contributions

    total $1,091,385

  • 9 · Other employee benefits

    total -$562,264

  • 10 · Payroll taxes

    total $574,212

  • 11b · Fees: legal

    total $113,411

  • 17 · Travel

    total $1,478,727

  • 19 · Conferences, conventions and meetings

    total $91,756

  • 20 · Interest

    total $1,909,910

  • 22 · Depreciation, depletion and amortization

    total $5,120,296

  • 24a · Other expenses: COST OF POWER

    total $22,847,588

  • 24b · Other expenses: DISTRIBUTION OPS & MAINT

    total $5,606,974

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $2,170,404

  • 24d · Other expenses: CONSUMER ACCT & CUST SERV

    total $664,925

  • 24e · All other expenses

    total -$3,596,309

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,126,400 · end of year $3,130,423

  • 2 · Savings and temporary cash investments

    beginning of year $5,274,905 · end of year $5,659,407

  • 4 · Accounts receivable

    beginning of year $5,888,715 · end of year $6,230,441

  • 8 · Inventories for sale or use

    beginning of year $1,314,710 · end of year $1,980,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $600,994 · end of year $508,994

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

    $156,270,495

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

    $59,577,222

  • 10c · Land, buildings and equipment, net

    beginning of year $95,114,932 · end of year $96,693,273

  • 13 · Investments: program-related

    beginning of year $17,689,979 · end of year $18,260,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,169,307 · end of year $5,024,865

  • 23 · Secured mortgages and notes payable

    beginning of year $63,750,266 · end of year $63,883,755

  • 25 · Other liabilities

    beginning of year $9,179,530 · end of year $6,361,006

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

    beginning of year $13,028,331 · end of year $16,273,667

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,883,201 · end of year $40,920,458

Mission and programs · 2024

Mission

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.

Activities or mission (Part I)

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA.

  • PROVIDSION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER: 22,847,588 OTHER SALARIES AND WAGES: 6,503,721 PATRONAGE DIV. PAID TO OR FOR MEMBERS: 6,179,908

  • PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Boshaw

    CEO/GENERAL

    Total calculated
    $383,524
    From this org
    $295,947
    From related orgs
    $0
    Other
    $87,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,981
    Bonus
    $6,000
    Other
    $11,966
    Deferred
    $57,359
    Nontaxable benefits
    $30,218
    Filer's total
    $383,524

  • Fred Terwilliger

    ASSISTANT GM

    Total calculated
    $280,830
    From this org
    $213,654
    From related orgs
    $0
    Other
    $67,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,292
    Bonus
    not reported
    Other
    $11,362
    Deferred
    $39,050
    Nontaxable benefits
    $28,126
    Filer's total
    $280,830

  • Chester Conti

    CFO

    Total calculated
    $224,232
    From this org
    $164,315
    From related orgs
    $0
    Other
    $59,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,246
    Bonus
    not reported
    Other
    $2,069
    Deferred
    $32,246
    Nontaxable benefits
    $27,671
    Filer's total
    $224,232

  • Christopher W Kossman

    DIRECTOR OF

    Total calculated
    $223,572
    From this org
    $164,424
    From related orgs
    $0
    Other
    $59,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,944
    Bonus
    not reported
    Other
    $480
    Deferred
    $31,553
    Nontaxable benefits
    $27,595
    Filer's total
    $223,572

  • Lisa A Hoover

    DIRECTOR OF

    Total calculated
    $216,538
    From this org
    $161,668
    From related orgs
    $0
    Other
    $54,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,211
    Bonus
    not reported
    Other
    $1,457
    Deferred
    $32,047
    Nontaxable benefits
    $22,823
    Filer's total
    $216,538

  • Christopher Pieri

    LINEMAN

    Total calculated
    $185,854
    From this org
    $149,493
    From related orgs
    $0
    Other
    $36,361
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,361
    Bonus
    not reported
    Other
    $132
    Deferred
    $16,605
    Nontaxable benefits
    $19,756
    Filer's total
    $185,854

  • Tanner Hannold

    LINEMAN

    Total calculated
    $179,128
    From this org
    $147,975
    From related orgs
    $0
    Other
    $31,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,904
    Bonus
    not reported
    Other
    $71
    Deferred
    $17,104
    Nontaxable benefits
    $14,049
    Filer's total
    $179,128

  • Chad Jack

    LINEMAN

    Total calculated
    $166,731
    From this org
    $145,823
    From related orgs
    $0
    Other
    $20,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,630
    Bonus
    not reported
    Other
    $193
    Deferred
    $17,983
    Nontaxable benefits
    $2,925
    Filer's total
    $166,731

  • Robert W Smith

    PRESIDENT

    Total calculated
    $19,384
    From this org
    $19,384
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Nancy D Lendyak

    DIRECTOR

    Total calculated
    $19,159
    From this org
    $19,159
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jody P Weaver

    VICE PRESIDE

    Total calculated
    $18,911
    From this org
    $18,911
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Althea Smith

    SECRETARY/TR

    Total calculated
    $18,641
    From this org
    $18,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Richard L Weaver

    DIRECTOR

    Total calculated
    $16,641
    From this org
    $16,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kenneth D Durrett

    DIRECTOR

    Total calculated
    $15,102
    From this org
    $15,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kenneth D Etzel

    DIRECTOR

    Total calculated
    $13,109
    From this org
    $13,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alfred J Campbell

    PAST VICE PR

    Total calculated
    $6,179
    From this org
    $6,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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 · Independent compensation consultant
  • 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.

  • CENTRAL ELECTRIC SERVICES CORPORATI

    INTERNET · PA

Provenance

Return type
form_990
Tax year
2024
Filed
29 May 2025
IRS schema version
2024v5.0
Source object
202511679349301276

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