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Nonprofiteer
← NORTHEAST LA POWER COOPERATIVE INC

Form 990 for tax year 2024

Filed by NORTHEAST LA POWER COOPERATIVE INC.

Totals

Total revenue
$33,380,135
Total expenses
$33,380,135
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,358,541
Investment income
$36,523
Other revenue
$985,071
Total assets, end of year
$50,079,005
Total liabilities, end of year
$23,149,291
Net assets or fund balances, end of year
$26,929,714
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: SALES OF ELECTRICITY

    total $31,830,922 · related or exempt $31,830,922

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $345,282 · related or exempt $345,282

  • 2c · Program service revenue: CAPITAL CREDITS

    total $182,337 · related or exempt $182,337

  • 3 · Investment income

    total $36,523 · excluded $36,523

  • 6a · Gross rents

    real property $425,414

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $425,414

  • 6d · Net rental income or loss

    total $425,414 · excluded $425,414

  • 11a · Other revenue: MISC NON-OPERATING INCOME

    total $226,216 · related or exempt $226,216

  • 11b · Other revenue: MANAGEMENT INCOME

    total $198,374 · related or exempt $198,374

  • 11c · Other revenue: POSTRETIREMENT BENEFIT COST

    total $135,067 · related or exempt $135,067

  • 11e · Other revenue, total

    $559,657

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,905,172

  • 5 · Compensation of officers, directors and key employees

    total $501,160

  • 7 · Other salaries and wages

    total $3,333,193

  • 8 · Pension plan contributions

    total $196,718

  • 9 · Other employee benefits

    total $1,047,496

  • 10 · Payroll taxes

    total $289,255

  • 11b · Fees: legal

    total $209,062

  • 11c · Fees: accounting

    total $54,625

  • 11g · Fees: other

    total $156,189

  • 20 · Interest

    total $761,398

  • 22 · Depreciation, depletion and amortization

    total $2,026,775

  • 24a · Other expenses: POWER PURCHASED

    total $19,829,053

  • 24b · Other expenses: PROPERTY TAX

    total $349,417

  • 24c · Other expenses: OPERATION ROUND UP ADMI

    total $2,098

  • 24e · All other expenses

    total $1,718,524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $271,169 · end of year $152,425

  • 4 · Accounts receivable

    beginning of year $1,838,027 · end of year $3,316,496

  • 8 · Inventories for sale or use

    beginning of year $536,173 · end of year $557,891

  • 9 · Prepaid expenses and deferred charges

    beginning of year $407,602 · end of year $508,632

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

    $76,358,215

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

    $34,965,414

  • 10c · Land, buildings and equipment, net

    beginning of year $40,687,363 · end of year $41,392,801

  • 13 · Investments: program-related

    beginning of year $1,836,789 · end of year $2,848,062

  • 15 · Other assets

    beginning of year $1,176,171 · end of year $1,302,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,414,945 · end of year $7,020,631

  • 23 · Secured mortgages and notes payable

    beginning of year $14,541,892 · end of year $13,666,546

  • 25 · Other liabilities

    beginning of year $2,420,019 · end of year $2,462,114

  • 29 · Capital stock, trust principal or current funds

    beginning of year $108,585 · end of year $108,440

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

    beginning of year $24,267,853 · end of year $26,821,274

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

DISTRIBUTION OF ELECTRICITY IN RURAL AREAS

  • DISTRIBUTION OF ELECTRICITY IN RURAL AREAS OF NORTHEAST LOUISIANA (FRANKLIN PARISH, MADISON PARISH, RICHLAND PARISH, TENSAS PARISH, EAST CARROLL PARISH, WEST CARROLL PARISH, AND MOREHOUSE PARISH). AS OF DECEMBER 31, 2024 THE ORGANIZATION SERVED 18,015 ACTIVE CUSTOMERS. AS OF DECEMBER 31, 2023 THE ORGANIZATION SERVED 17,966 ACTIVE CUSTOMERS.

As filed on the 2024 return.

Listed in Part VII

  • Thad H Waters Jr

    DIRECTOR

    Total calculated
    $10,051
    From this org
    $10,051
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Alton L Welch Jr

    DIRECTOR

    Total calculated
    $9,890
    From this org
    $9,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Richard T Strong

    DIRECTOR

    Total calculated
    $7,717
    From this org
    $7,717
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Steve E Pylant

    DIRECTOR

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Davin McMurry

    DIRECTOR

    Total calculated
    $5,111
    From this org
    $5,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Justin Rials

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jeffrey S Churchwell

    GENERAL MANAGER

    Total calculated
    $300,331
    From this org
    $259,481
    From related orgs
    $0
    Other
    $40,850
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $259,481
    Bonus
    $0
    Other
    $0
    Deferred
    $35,030
    Nontaxable benefits
    $5,820
    Filer's total
    $300,331

  • Weldon Fitch

    PRESIDENT

    Total calculated
    $11,549
    From this org
    $11,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Charles B Hixon

    VICE PRESIDENT

    Total calculated
    $6,279
    From this org
    $6,279
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ronald Pippin

    SECRETARY

    Total calculated
    $6,233
    From this org
    $6,233
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kathryn W Pylant

    ACCOUNTANT

    Total calculated
    $198,505
    From this org
    $180,248
    From related orgs
    $0
    Other
    $18,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,248
    Bonus
    $0
    Other
    $0
    Deferred
    $12,437
    Nontaxable benefits
    $5,820
    Filer's total
    $198,505

  • Billy Acreman

    DISTRICT OFFICE MANAGER

    Total calculated
    $141,547
    From this org
    $119,583
    From related orgs
    $0
    Other
    $21,964
    Hours/week
    40

  • Joseph Grimes

    CONSTRUCTION FOREMAN

    Total calculated
    $129,998
    From this org
    $104,280
    From related orgs
    $0
    Other
    $25,718
    Hours/week
    40

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • VOLT BROADBAND LLC

    C · INTERNET TELECOMMUNICATIONS · LA · 100% owned · share of income $3,849,683 · share of assets $46,941,507 · controlled entity

    Directly controlled by NORTHEAST LA POWER COOPERATIVE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349312091

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