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Nonprofiteer
← N W ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2022

Filed by N W ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$113,398,837
Total expenses
$113,398,837
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$112,772,996
Investment income
$565,376
Other revenue
$60,465
Total assets, end of year
$279,045,403
Total liabilities, end of year
$180,551,789
Net assets or fund balances, end of year
$98,493,614
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: WHOLESALE ELECTRIC ENERGY

    total $105,941,552 · related or exempt $105,941,552

  • 2b · Program service revenue: OTHER REVENUE

    total $2,672,042 · related or exempt $2,672,042

  • 2c · Program service revenue: CAPITAL CREDITS

    total $2,511,533 · related or exempt $2,511,533

  • 2d · Program service revenue: WHEELING REVNUES

    total $1,647,869 · related or exempt $1,647,869

  • 3 · Investment income

    total $506,217 · excluded $506,217

  • 6a · Gross rents

    personal property $134,220

  • 6b · Less rental expenses

    personal property $73,755

  • 6c · Rental income or loss

    personal property $60,465

  • 6d · Net rental income or loss

    total $60,465 · unrelated business $60,465

  • 7a · Gross sales of assets other than inventory

    other assets $59,538

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

    other assets $379

  • 7c · Gain or loss

    other assets $59,159

  • 7d · Net gain or loss

    total $59,159 · related or exempt $59,159

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,646,006

  • 5 · Compensation of officers, directors and key employees

    total $2,812,720

  • 7 · Other salaries and wages

    total $1,394,360

  • 20 · Interest

    total $5,418,211

  • 22 · Depreciation, depletion and amortization

    total $6,577,485

  • 24a · Other expenses: POWER SUPPLY

    total $79,405,061

  • 24b · Other expenses: TRANSMISSION

    total $4,943,185

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $3,115,376

  • 24d · Other expenses: MAINT - TRANS & GEN PLANT

    total $2,212,150

  • 24e · All other expenses

    total $1,874,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,727,318 · end of year $13,061,773

  • 4 · Accounts receivable

    beginning of year $11,048,162 · end of year $13,878,737

  • 8 · Inventories for sale or use

    beginning of year $4,737,719 · end of year $4,042,545

  • 9 · Prepaid expenses and deferred charges

    beginning of year $916,024 · end of year $1,126,067

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

    $265,251,307

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

    $107,952,119

  • 10c · Land, buildings and equipment, net

    beginning of year $151,682,545 · end of year $157,299,188

  • 13 · Investments: program-related

    beginning of year $86,202,262 · end of year $86,839,082

  • 15 · Other assets

    beginning of year $3,007,759 · end of year $2,798,011

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,026,756 · end of year $13,838,402

  • 19 · Deferred revenue

    beginning of year $9,054,542 · end of year $9,912,781

  • 23 · Secured mortgages and notes payable

    beginning of year $137,690,207 · end of year $134,382,442

  • 25 · Other liabilities

    beginning of year $20,493,271 · end of year $22,418,164

  • 29 · Capital stock, trust principal or current funds

    beginning of year $800 · end of year $800

  • 31 · Retained earnings, endowment or other funds

    beginning of year $95,056,213 · end of year $98,492,814

Mission and programs · 2022

Mission

PROVIDE ELECTRIC ENERGY TO MEMBER DISTRIBUTION COOPERATIVES IN NORTHWEST MISSOURI

Activities or mission (Part I)

N.W. ELECTRIC POWER COOPERATIVE WAS FORMED BY ITS MEMBER COOPERATIVES TO PROVIDE ELECTRIC ENERGY AS DESCRIBED IN IRC SECTION 501(C)(12)(B)

  • RURAL ELECTRIC COOPERATIVE OPERATED AS A TRANSMISSION SOURCE OF ELECTRIC POWER FOR ITS MEMBER ELECTRIC COOPERATIVES

As filed on the 2022 return.

Listed in Part VII

  • David McDowell

    CEO, GENERAL

    Total calculated
    $1,445,448
    From this org
    $1,027,000
    From related orgs
    $0
    Other
    $418,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,027,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $410,154
    Nontaxable benefits
    $8,294
    Filer's total
    $1,445,448

  • Kent Brown

    CFO, 2ND ASS

    Total calculated
    $416,422
    From this org
    $298,770
    From related orgs
    $0
    Other
    $117,652
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $298,770
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,183
    Nontaxable benefits
    $16,469
    Filer's total
    $416,422

  • John Stickley

    VP OF ENGINE

    Total calculated
    $404,926
    From this org
    $294,777
    From related orgs
    $0
    Other
    $110,149
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $294,777
    Bonus
    not reported
    Other
    not reported
    Deferred
    $91,606
    Nontaxable benefits
    $18,543
    Filer's total
    $404,926

  • Ashley Leazenby

    VP OF HR & I

    Total calculated
    $397,983
    From this org
    $245,453
    From related orgs
    $0
    Other
    $152,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,453
    Bonus
    not reported
    Other
    not reported
    Deferred
    $133,987
    Nontaxable benefits
    $18,543
    Filer's total
    $397,983

  • Bryon Roach

    VP PR & SPEC

    Total calculated
    $324,524
    From this org
    $232,406
    From related orgs
    $0
    Other
    $92,118
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $232,406
    Bonus
    not reported
    Other
    not reported
    Deferred
    $74,941
    Nontaxable benefits
    $17,177
    Filer's total
    $324,524

  • Mark Ramsey

    SUBSTATION S

    Total calculated
    $323,772
    From this org
    $172,580
    From related orgs
    $0
    Other
    $151,192
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $172,580
    Bonus
    not reported
    Other
    not reported
    Deferred
    $132,649
    Nontaxable benefits
    $18,543
    Filer's total
    $323,772

  • Lance Williams

    OPERATIONS E

    Total calculated
    $249,950
    From this org
    $160,989
    From related orgs
    $0
    Other
    $88,961
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,989
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70,418
    Nontaxable benefits
    $18,543
    Filer's total
    $249,950

  • Brannon Bischoff

    STAFF ENGINE

    Total calculated
    $239,354
    From this org
    $170,566
    From related orgs
    $0
    Other
    $68,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,566
    Bonus
    not reported
    Other
    not reported
    Deferred
    $50,245
    Nontaxable benefits
    $18,543
    Filer's total
    $239,354

  • Mike Shuler

    TRANSMISSION

    Total calculated
    $183,301
    From this org
    $158,706
    From related orgs
    $0
    Other
    $24,595
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,706
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,052
    Nontaxable benefits
    $18,543
    Filer's total
    $183,301

  • Duane Klute

    VICE PRESIDE

    Total calculated
    $27,600
    From this org
    $27,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

  • Loren Haines

    SECRETARY

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • James Bagley

    DIRECTOR

    Total calculated
    $21,000
    From this org
    $21,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    33

  • Dave Deihl

    PRESIDENT

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Raymond Kern

    TREASURER

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Robert Simmons

    DIRECTOR

    Total calculated
    $19,800
    From this org
    $19,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Mike Gray

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    27

  • Scott Wilson

    DIRECTOR

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    18

  • John Killgore

    DIRECTOR

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Richard Moore

    DIRECTOR

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • Larry Leachman

    DIRECTOR

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Melvin Scott

    DIRECTOR

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rod Cotton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    33

  • Kevin Dechant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 survey or study
  • 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NW SERVICE COMPANY LLC

    ELECTRIC S · MO · income $134,221 · assets $561,797

    Directly controlled by NW ELECTRI C POWER COOPERATIVE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349306653

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