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Nonprofiteer
← BEAUREGARD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by BEAUREGARD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$151,831,904
Total expenses
$145,955,586
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$150,912,624
Investment income
$957,636
Other revenue
-$38,356
Total assets, end of year
$324,173,610
Total liabilities, end of year
$260,392,737
Net assets or fund balances, end of year
$63,780,873
Program services expenses (Part IX)
$145,955,586
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$145,955,586

Program services were 100.0% 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: ELECTRICITY SALES

    total $149,755,433 · related or exempt $149,755,433

  • 2b · Program service revenue: MISC ELECTRIC REVENUES

    total $1,157,191 · related or exempt $1,157,191

  • 3 · Investment income

    total $841,807 · related or exempt $841,807

  • 7a · Gross sales of assets other than inventory

    other assets $115,829

  • 7c · Gain or loss

    other assets $115,829

  • 7d · Net gain or loss

    total $115,829 · related or exempt $115,829

  • 11a · Other revenue: OTHER

    total -$38,356 · related or exempt -$38,356

  • 11e · Other revenue, total

    -$38,356

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $3,892,171 · program services $3,892,171

  • 22 · Depreciation, depletion and amortization

    total $7,528,120 · program services $7,528,120

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $111,893,206 · program services $111,893,206

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $14,294,201 · program services $14,294,201

  • 24c · Other expenses: GENERAL AND ADMIN EXPENSE

    total $8,087,900 · program services $8,087,900

  • 24d · Other expenses: TRANSMISSION

    total $259,988 · program services $259,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,002,533 · end of year $2,596,540

  • 4 · Accounts receivable

    beginning of year $100,838,871 · end of year $103,749,840

  • 8 · Inventories for sale or use

    beginning of year $1,362,438 · end of year $1,438,153

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,919 · end of year $73,485

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

    $306,436,747

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

    $98,125,519

  • 10c · Land, buildings and equipment, net

    beginning of year $198,392,026 · end of year $208,311,228

  • 13 · Investments: program-related

    beginning of year $7,721,891 · end of year $7,838,611

  • 15 · Other assets

    beginning of year $7,347,842 · end of year $165,753

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,656,115 · end of year $14,145,127

  • 23 · Secured mortgages and notes payable

    beginning of year $216,021,901 · end of year $220,663,099

  • 25 · Other liabilities

    beginning of year $32,128,423 · end of year $25,584,511

  • 29 · Capital stock, trust principal or current funds

    beginning of year $160,640 · end of year $161,114

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

    beginning of year $164,870 · end of year $164,870

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,578,571 · end of year $63,454,889

Mission and programs · 2022

Mission

Sale of electricity to members

  • Provide electricity to its rural members which total in excess of thirt-one thousand.

    Expenses $145,955,586

As filed on the 2022 return.

Listed in Part VII

  • Kevin Turner

    Exec VP GM

    Total calculated
    $340,095
    From this org
    $182,969
    From related orgs
    $0
    Other
    $157,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,969
    Bonus
    not reported
    Other
    not reported
    Deferred
    $136,537
    Nontaxable benefits
    $20,589
    Filer's total
    $340,095

  • Scott Deshotel

    VP OPERATIONS

    Total calculated
    $224,853
    From this org
    $130,648
    From related orgs
    $0
    Other
    $94,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,648
    Bonus
    not reported
    Other
    not reported
    Deferred
    $73,616
    Nontaxable benefits
    $20,589
    Filer's total
    $224,853

  • Kevin Aycock

    VP ENGINEERING

    Total calculated
    $196,657
    From this org
    $125,064
    From related orgs
    $0
    Other
    $71,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,064
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,004
    Nontaxable benefits
    $20,589
    Filer's total
    $196,657

  • Ashley Mazilly

    VP FINANCE

    Total calculated
    $159,337
    From this org
    $118,525
    From related orgs
    $0
    Other
    $40,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,525
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,223
    Nontaxable benefits
    $20,589
    Filer's total
    $159,337

  • Tyler Cobb

    POWER SYS ENGINEER

    Total calculated
    $158,155
    From this org
    $115,825
    From related orgs
    $0
    Other
    $42,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,825
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,741
    Nontaxable benefits
    $20,589
    Filer's total
    $158,155

  • Lynn Johnson

    LINEMAN

    Total calculated
    $156,900
    From this org
    $109,765
    From related orgs
    $0
    Other
    $47,135
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $109,765
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,546
    Nontaxable benefits
    $20,589
    Filer's total
    $156,900

  • Trent Johnson

    DP MANAGER

    Total calculated
    $132,260
    From this org
    $111,671
    From related orgs
    $0
    Other
    $20,589
    Hours/week
    40

  • Trent Buxton

    DIRECTOR

    Total calculated
    $27,267
    From this org
    $27,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dale Peterson

    DIRECTOR

    Total calculated
    $27,105
    From this org
    $27,105
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • Stoney Doyle

    DIRECTOR

    Total calculated
    $27,007
    From this org
    $27,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Douglas Sonnier

    DIRECTOR

    Total calculated
    $24,485
    From this org
    $24,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Diana Backhaus

    DIRECTOR

    Total calculated
    $14,745
    From this org
    $14,745
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Tommy Cryar

    DIRECTOR

    Total calculated
    $8,812
    From this org
    $8,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J R Hickman

    DIRECTOR

    Total calculated
    $7,877
    From this org
    $7,877
    From related orgs
    $0
    Other
    $0
    Hours/week
    41

  • Donald Bush

    DIRECTOR

    Total calculated
    $7,611
    From this org
    $7,611
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Joey Rogers

    DIRECTOR

    Total calculated
    $4,810
    From this org
    $4,810
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

None.

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349319348

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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