Totals
- Total revenue
- $20,196,712
- Total expenses
- $17,323,348
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,380,859
- Investment income
- $143,305
- Other revenue
- $672,548
- Total assets, end of year
- $67,848,046
- Total liabilities, end of year
- $27,289,456
- Net assets or fund balances, end of year
- $40,558,590
- 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: FROM CSA IMPORT
total $19,380,859 · related or exempt $19,380,859
-
3 · Investment income
total $92,258 · related or exempt $92,258
-
7a · Gross sales of assets other than inventory
other assets $51,047
-
7c · Gain or loss
other assets $51,047
-
7d · Net gain or loss
total $51,047 · related or exempt $51,047
-
11a · Other revenue: GEN & TRANS CAPITAL CREDITS
total $429,132 · related or exempt $429,132
-
11b · Other revenue: OTHER CAP CR & PATR. CAP ALLO
total $224,216 · related or exempt $224,216
-
11c · Other revenue: MISC NONOPERATING INCOME
total $19,200 · related or exempt $19,200
-
11e · Other revenue, total
$672,548
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $11,895
-
11b · Fees: legal
total $29,315
-
13 · Office expenses
total $57,524
-
20 · Interest
total $1,013,059
-
22 · Depreciation, depletion and amortization
total $3,749,930
-
24a · Other expenses: COGS
total $7,277,190
-
24b · Other expenses: DIST-OPERATION-PROPERTY T
total $319,166
-
24c · Other expenses: DIST-MAINTENANCE-PROPERTY
total $319,166
-
24d · Other expenses: OVERHEAD LINE EXPENSE
total $299,701
-
24e · All other expenses
total $4,246,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,372,617 · end of year $2,262,095
-
2 · Savings and temporary cash investments
beginning of year $22,655 · end of year $28,352
-
4 · Accounts receivable
beginning of year $2,554,439 · end of year $2,814,350
-
8 · Inventories for sale or use
beginning of year $1,472,244
-
9 · Prepaid expenses and deferred charges
beginning of year $32,605 · end of year $32,185
-
10a · Land, buildings and equipment: cost or other basis
$94,288,549
-
10b · Land, buildings and equipment: accumulated depreciation
$43,980,301
-
10c · Land, buildings and equipment, net
beginning of year $48,723,346 · end of year $50,308,248
-
12 · Investments: other securities
beginning of year $6,980,285 · end of year $7,255,998
-
15 · Other assets
beginning of year $5,367,302 · end of year $5,146,818
-
17 · Accounts payable and accrued expenses
beginning of year $1,733,299 · end of year $1,818,326
-
19 · Deferred revenue
end of year $1,818,277
-
23 · Secured mortgages and notes payable
beginning of year $23,874,957 · end of year $23,652,853
-
25 · Other liabilities
beginning of year $2,329,311
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $35,726,019 · end of year $37,685,227
-
31 · Retained earnings, endowment or other funds
beginning of year $3,861,907 · end of year $2,873,363
Mission and programs · 2023
Mission
RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
-
RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
-
RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alan DanielsonALAN DANIELSON
BOARD MEMBER
- Total calculated
- $0
-
Andrew DethmanANDREW DETHMAN
BOARD MEMBER
- Total calculated
- $0
-
Jody LagerquistJODY LAGERQUIST
BOARD MEMBER
- Total calculated
- $0
-
Sherl ShanksSHERL SHANKS
BOARD MEMBER
- Total calculated
- $0
-
Harlan SkillingbergHARLAN SKILLINGBERG
BOARD MEMBER
- Total calculated
- $0
-
Rick HansenRICK HANSEN
VICE PRESIDE
- Total calculated
- $0
-
Kerrey HeppnerKERREY HEPPNER
TREASURER
- Total calculated
- $0
-
Robert RustROBERT RUST
SECRETARY
- Total calculated
- $0
-
Rodney SmithRODNEY SMITH
PRESIDENT
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423049349302467
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