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Nonprofiteer
← POINTE COUPEE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by POINTE COUPEE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$29,163,878
Total expenses
$30,092,716
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,853,137
Investment income
$310,741
Other revenue
$0
Total assets, end of year
$63,161,149
Total liabilities, end of year
$43,042,450
Net assets or fund balances, end of year
$20,118,699
Program services expenses (Part IX)
$27,458,963
Management and general expenses
$2,633,753
Fundraising expenses
$0
Program service expenses (Part III)
$27,458,963

Program services were 91.2% 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 OF ELECTRIC POWER

    total $28,853,137 · related or exempt $28,853,137

  • 3 · Investment income

    total $310,741 · excluded $310,741

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,553,926 · program services $1,553,926

  • 22 · Depreciation, depletion and amortization

    total $1,902,091 · program services $1,902,091

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $18,438,904 · program services $18,438,904

  • 24b · Other expenses: DISTRIBUTION -MAINTENANCE

    total $3,369,327 · program services $3,369,327

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $2,633,753 · management and general $2,633,753

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $686,622 · program services $686,622

  • 24e · All other expenses

    total $1,508,093 · program services $1,508,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $500,503

  • 4 · Accounts receivable

    beginning of year $2,036,887 · end of year $1,401,561

  • 8 · Inventories for sale or use

    beginning of year $809,038 · end of year $773,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,180,847 · end of year $3,095,209

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

    $67,719,026

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

    $15,365,690

  • 10c · Land, buildings and equipment, net

    beginning of year $50,101,178 · end of year $52,353,336

  • 12 · Investments: other securities

    beginning of year $3,190,724 · end of year $4,490,899

  • 15 · Other assets

    beginning of year $846,879 · end of year $546,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,244,214 · end of year $13,106,336

  • 23 · Secured mortgages and notes payable

    beginning of year $31,573,141 · end of year $29,761,978

  • 25 · Other liabilities

    beginning of year $356,963 · end of year $174,136

  • 29 · Capital stock, trust principal or current funds

    beginning of year $39,655 · end of year $39,575

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

    beginning of year $18,577,839 · end of year $17,649,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,373,741 · end of year $2,430,124

Mission and programs · 2024

Mission

SALE OF ELECTRIC POWER TO MEMBERS

  • SALE OF ELECTRIC POWER TO MEMBERS

    Expenses $27,458,963 · Revenue $28,853,137

As filed on the 2024 return.

Listed in Part VII

  • Myron A Lambert

    GENERAL MANA

    Total calculated
    $339,573
    From this org
    $265,904
    From related orgs
    $0
    Other
    $73,669
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $265,904
    Bonus
    not reported
    Other
    not reported
    Deferred
    $73,669
    Nontaxable benefits
    not reported
    Filer's total
    $339,573

  • Mr Craig D Magruder

    OPERATIONS M

    Total calculated
    $222,633
    From this org
    $128,682
    From related orgs
    $0
    Other
    $93,951
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $128,682
    Bonus
    not reported
    Other
    not reported
    Deferred
    $93,951
    Nontaxable benefits
    not reported
    Filer's total
    $222,633

  • Amanda H McDuff

    CHIEF FINANC

    Total calculated
    $196,951
    From this org
    $153,506
    From related orgs
    $0
    Other
    $43,445
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $153,506
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,445
    Nontaxable benefits
    not reported
    Filer's total
    $196,951

  • Joseph C David

    LINE SUPERIN

    Total calculated
    $154,115
    From this org
    $107,933
    From related orgs
    $0
    Other
    $46,182
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $107,933
    Bonus
    not reported
    Other
    not reported
    Deferred
    $46,182
    Nontaxable benefits
    not reported
    Filer's total
    $154,115

  • Joshua W Sanders

    LINE SUPERIN

    Total calculated
    $151,598
    From this org
    $108,612
    From related orgs
    $0
    Other
    $42,986
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $108,612
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,986
    Nontaxable benefits
    not reported
    Filer's total
    $151,598

  • Tyler B Bordelon

    LINE SUPERIN

    Total calculated
    $144,315
    From this org
    $107,786
    From related orgs
    $0
    Other
    $36,529
    Hours/week
    47

  • Ronald S Johnson

    LINEMAN

    Total calculated
    $138,139
    From this org
    $109,540
    From related orgs
    $0
    Other
    $28,599
    Hours/week
    48

  • Mrs Brenda Hurst

    SECRETARY/TR

    Total calculated
    $46,072
    From this org
    $46,072
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Mr Ralph Chustz

    PRESIDENT

    Total calculated
    $45,987
    From this org
    $45,987
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mr Eric Elliot

    DIRECTOR

    Total calculated
    $44,322
    From this org
    $44,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • Mr Chris Settoon

    DIRECTOR

    Total calculated
    $40,822
    From this org
    $40,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Mr James Ewing

    DIRECTOR

    Total calculated
    $40,487
    From this org
    $40,487
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Mr Al Ewing

    DIRECTOR

    Total calculated
    $37,196
    From this org
    $37,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Mr George G Lacour Jr

    VICE-PRESIDE

    Total calculated
    $29,172
    From this org
    $29,172
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
2024
Filed
8 May 2025
IRS schema version
2024v5.0
Source object
202531289349303108

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