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Nonprofiteer
← JEFFERSON ENERGY COOPERATIVE

Form 990 for tax year 2023

Filed by JEFFERSON ENERGY COOPERATIVE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 29 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed under a different title

  • Wayne Gossage Jr: VP ENERGY SE then PRESIDENT &

Totals

Total revenue
$79,306,347
Total expenses
$79,306,347
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$79,124,651
Investment income
$182,918
Other revenue
-$1,222
Total assets, end of year
$176,110,221
Total liabilities, end of year
$112,864,612
Net assets or fund balances, end of year
$63,245,609
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,306,347

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: SALES OF ELECTRICITY

    total $77,470,212 · related or exempt $77,470,212

  • 2b · Program service revenue: POLE RENTAL

    total $1,128,840 · excluded $1,128,840

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $525,599 · related or exempt $525,599

  • 3 · Investment income

    total $182,918 · excluded $182,918

  • 11a · Other revenue: OTHER

    total -$1,222 · related or exempt -$1,222

  • 11e · Other revenue, total

    -$1,222

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,108,337

  • 5 · Compensation of officers, directors and key employees

    total $615,535

  • 13 · Office expenses

    total $945,471

  • 20 · Interest

    total $3,301,841

  • 22 · Depreciation, depletion and amortization

    total $6,414,069

  • 24a · Other expenses: PURCHASED POWER

    total $43,563,850

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,995,271

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $4,585,353

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $3,012,172

  • 24e · All other expenses

    total $2,764,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $399,417 · end of year $1,301,546

  • 4 · Accounts receivable

    beginning of year $8,026,167 · end of year $8,514,563

  • 8 · Inventories for sale or use

    beginning of year $2,159,991 · end of year $2,277,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $217,533 · end of year $258,667

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

    $215,689,489

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

    $57,325,142

  • 10c · Land, buildings and equipment, net

    beginning of year $152,534,851 · end of year $158,364,347

  • 13 · Investments: program-related

    beginning of year $5,110,455 · end of year $5,380,217

  • 15 · Other assets

    beginning of year $13,112 · end of year $13,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,315,708 · end of year $13,062,880

  • 23 · Secured mortgages and notes payable

    beginning of year $82,638,235 · end of year $87,190,059

  • 25 · Other liabilities

    beginning of year $13,198,048 · end of year $12,611,673

  • 29 · Capital stock, trust principal or current funds

    beginning of year $462,972 · end of year $458,852

  • 31 · Retained earnings, endowment or other funds

    beginning of year $55,846,563 · end of year $62,786,757

Mission and programs · 2023

Mission

JEFFERSON ENERGY COOPERATIVE'S MISSION IS TO SAFELY DELIVER RELIABLE AND COMPETITIVELY PRICED ELECTRICITY TO OUR MEMBER-CONSUMERS. WE DO THIS THROUGH A HIGHLY SKILLED, COMMITTED AND MOTIVATED WORKFORCE. WE SERVE TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND COMMUNITIES.

  • TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO ALL WHO DESIRE IT WITHIN THE COUNTIES WE SERVE.

    Expenses $79,306,347

  • N/A

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Davis

    CHAIRMAN

    Total calculated
    $5,237
    From this org
    $5,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Larry Hadden

    VICE CHAIRMA

    Total calculated
    $21,710
    From this org
    $21,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • James L Gay

    SECRETARY-TR

    Total calculated
    $17,737
    From this org
    $17,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Ophelia McCain

    DIRECTOR

    Total calculated
    $28,737
    From this org
    $28,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • J Tim Garrett

    DIRECTOR

    Total calculated
    $19,589
    From this org
    $19,589
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.5

  • Joe Shurley

    DIRECTOR

    Total calculated
    $20,142
    From this org
    $20,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Derek Partridge

    DIRECTOR

    Total calculated
    $26,237
    From this org
    $26,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Tommy Phelps

    DIRECTOR

    Total calculated
    $31,237
    From this org
    $31,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Rhonda Daigs

    DIRECTOR

    Total calculated
    $15,239
    From this org
    $15,239
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Eugene Tanzymore

    DIRECTOR

    Total calculated
    $10,394
    From this org
    $10,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Charles C Dillard

    PRESIDENT/CE

    Total calculated
    $419,276
    From this org
    $312,143
    From related orgs
    $0
    Other
    $107,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $300,225
    Bonus
    $5,102
    Other
    $6,816
    Deferred
    $89,735
    Nontaxable benefits
    $17,398
    Filer's total
    $419,276

  • Kenneth L Johnson

    VP-LINE SERV

    Total calculated
    $290,004
    From this org
    $217,524
    From related orgs
    $0
    Other
    $72,480
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,046
    Bonus
    $390
    Other
    $8,088
    Deferred
    $67,434
    Nontaxable benefits
    $5,046
    Filer's total
    $290,004

  • Kim Sharpe

    VP-CORPORATE

    Total calculated
    $270,636
    From this org
    $208,497
    From related orgs
    $0
    Other
    $62,139
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,237
    Bonus
    $364
    Other
    $10,896
    Deferred
    $49,829
    Nontaxable benefits
    $12,310
    Filer's total
    $270,636

  • Martin G Potter

    ASSOC VP- IN

    Total calculated
    $236,961
    From this org
    $187,549
    From related orgs
    $0
    Other
    $49,412
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,317
    Bonus
    $90
    Other
    $2,142
    Deferred
    $37,277
    Nontaxable benefits
    $12,135
    Filer's total
    $236,961

  • Wayne Gossage Jr

    VP ENERGY SE

    Total calculated
    $230,709
    From this org
    $177,265
    From related orgs
    $0
    Other
    $53,444
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,524
    Bonus
    $324
    Other
    $3,417
    Deferred
    $39,787
    Nontaxable benefits
    $13,657
    Filer's total
    $230,709

  • Cameron Marchant

    MGR. ENG. SE

    Total calculated
    $195,554
    From this org
    $149,301
    From related orgs
    $0
    Other
    $46,253
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,588
    Bonus
    $1,370
    Other
    $1,343
    Deferred
    $34,716
    Nontaxable benefits
    $11,537
    Filer's total
    $195,554

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
MARK DAVIS 0 22,500 0 JAMES L. GAY 0 4,000 0 OPHELIA MCCAIN 0 3,600 0 J. TIM GARRETT 0 5,648 0
SCHEDULE J, PART III
NONQUALIFIED RETIREMENT PLAN AMOUNTS CONSIST OF BOARD PER-DIEM FEES DEFERRED UNDER IRC SECTION 457(B). AMOUNTS DEFERRED FOR THE YEAR ENDED DECEMBER 31, 2023 ARE NOT INCLUDED IN EACH DIRECTOR'S 1099-NEC COMPENSATION IN PART VII OF THE FORM 990.

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
26 September 2024
IRS schema version
2023v5.0
Source object
202412709349301506

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