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Nonprofiteer
← JUMP RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by JUMP RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$16,877,097
Total expenses
$16,273,802
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,244,388
Investment income
$42,914
Other revenue
$589,795
Total assets, end of year
$50,800,248
Total liabilities, end of year
$32,713,742
Net assets or fund balances, end of year
$18,086,506
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 POWER

    total $16,244,388 · related or exempt $16,244,388

  • 3 · Investment income

    total $38,693 · excluded $38,693

  • 6a · Gross rents

    real property $12,915

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,915

  • 6d · Net rental income or loss

    total $12,915 · excluded $12,915

  • 7a · Gross sales of assets other than inventory

    other assets $50,135

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

    other assets $45,914

  • 7c · Gain or loss

    other assets $4,221

  • 7d · Net gain or loss

    total $4,221 · excluded $4,221

  • 10a · Gross sales of inventory

    $48,086

  • 10b · Cost of goods sold

    $62,641

  • 10c · Net income from sales of inventory

    total -$14,555 · unrelated business -$14,555

  • 11a · Other revenue: CAPTIAL CREDITS

    total $393,984 · related or exempt $393,984

  • 11b · Other revenue: EXTRAORDINARY INCOME

    total $160,521 · related or exempt $160,521

  • 11c · Other revenue: POWERNET GLOBAL AND VIASAT

    total $36,003 · unrelated business $36,003

  • 11d · All other revenue

    total $927 · related or exempt $927

  • 11e · Other revenue, total

    $591,435

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $217,504

  • 5 · Compensation of officers, directors and key employees

    total $325,455

  • 20 · Interest

    total $858,936

  • 22 · Depreciation, depletion and amortization

    total $1,449,235

  • 24a · Other expenses: COST OF POWER

    total $8,246,338

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $1,824,549

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $1,276,552

  • 24d · Other expenses: OPERATIONS EXPENSE

    total $1,211,774

  • 24e · All other expenses

    total $863,459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,275 · end of year $52,088

  • 2 · Savings and temporary cash investments

    beginning of year $4,468 · end of year $9,758

  • 4 · Accounts receivable

    beginning of year $1,431,639 · end of year $1,896,064

  • 8 · Inventories for sale or use

    beginning of year $336,584 · end of year $770,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $214,352 · end of year $145,326

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

    $57,071,571

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

    $16,267,427

  • 10c · Land, buildings and equipment, net

    beginning of year $40,332,877 · end of year $40,804,144

  • 13 · Investments: program-related

    beginning of year $6,909,010 · end of year $7,122,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,091,794 · end of year $2,557,996

  • 23 · Secured mortgages and notes payable

    beginning of year $28,343,223 · end of year $29,018,233

  • 25 · Other liabilities

    beginning of year $1,183,577 · end of year $1,137,513

  • 29 · Capital stock, trust principal or current funds

    beginning of year $48,675 · end of year $47,095

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

    beginning of year $899,504 · end of year $937,665

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,756,432 · end of year $17,101,746

Mission and programs · 2022

Mission

THE MISSION OF JUMP RIVER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTHER SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE.

Activities or mission (Part I)

TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES.

  • THE COOPERATIVE SOLD 96,711,358 KWH OF ELECTRICITY TO MEMBERS DURING 2022. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY.

As filed on the 2022 return.

Listed in Part VII

  • Myron Brooks

    CHAIRMAN

    Total calculated
    $8,200
    From this org
    $8,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.5

  • Jason Weaver

    VICE CHAIRMAN

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Joe Lorence

    SECRETARY/TREASURER

    Total calculated
    $9,550
    From this org
    $9,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Bill Amery

    DIRECTOR

    Total calculated
    $4,525
    From this org
    $4,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jerry Carow

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Bill Van Doorn

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Walter Kruk

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jane Reich

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Sandra Schara

    DIRECTOR

    Total calculated
    $7,650
    From this org
    $7,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Kurt Harris

    GENERAL MANAGER

    Total calculated
    $270,930
    From this org
    $170,257
    From related orgs
    $0
    Other
    $100,673
    Hours/week
    49.68

    Schedule J breakdown matched by us

    Base
    $170,257
    Bonus
    $0
    Other
    $0
    Deferred
    $70,315
    Nontaxable benefits
    $30,358
    Filer's total
    $270,930

  • Mike Schaefer

    INTERIM GENERAL MANAGER

    Total calculated
    $0
    Hours/week
    40

  • Lori Davis

    FINANCE MANAGER

    Total calculated
    $182,565
    From this org
    $103,828
    From related orgs
    $0
    Other
    $78,737
    Hours/week
    40.86

    Schedule J breakdown matched by us

    Base
    $103,828
    Bonus
    $0
    Other
    $0
    Deferred
    $48,120
    Nontaxable benefits
    $30,617
    Filer's total
    $182,565

  • Cory Andraschko

    JOURNEY LINE WORKER

    Total calculated
    $190,551
    From this org
    $137,691
    From related orgs
    $0
    Other
    $52,860
    Hours/week
    55.89

    Schedule J breakdown matched by us

    Base
    $137,691
    Bonus
    $0
    Other
    $0
    Deferred
    $22,902
    Nontaxable benefits
    $29,958
    Filer's total
    $190,551

  • Daniel Anglemyer

    JOURNEY LINE WORKER

    Total calculated
    $180,659
    From this org
    $112,804
    From related orgs
    $0
    Other
    $67,855
    Hours/week
    47.39

    Schedule J breakdown matched by us

    Base
    $112,804
    Bonus
    $0
    Other
    $0
    Deferred
    $37,897
    Nontaxable benefits
    $29,958
    Filer's total
    $180,659

  • Greg Walters

    JOURNEY LINE WORKER

    Total calculated
    $222,128
    From this org
    $114,022
    From related orgs
    $0
    Other
    $108,106
    Hours/week
    46.49

    Schedule J breakdown matched by us

    Base
    $114,022
    Bonus
    $0
    Other
    $0
    Deferred
    $78,083
    Nontaxable benefits
    $30,023
    Filer's total
    $222,128

  • Kevin Wright

    JOURNEY LINE WORKER

    Total calculated
    $191,689
    From this org
    $116,683
    From related orgs
    $0
    Other
    $75,006
    Hours/week
    48.75

    Schedule J breakdown matched by us

    Base
    $116,683
    Bonus
    $0
    Other
    $0
    Deferred
    $45,048
    Nontaxable benefits
    $29,958
    Filer's total
    $191,689

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 · Written employment contract
  • 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
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202323039349302212

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