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Nonprofiteer
← CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$46,044,593
Total expenses
$46,044,593
Contributions and grants received
$0
Grants paid
$15,000
Program service revenue
$45,144,370
Investment income
$455,388
Other revenue
$444,835
Total assets, end of year
$114,808,704
Total liabilities, end of year
$51,620,219
Net assets or fund balances, end of year
$63,188,485
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 $43,170,289 · related or exempt $43,170,289

  • 2b · Program service revenue: SERVICE FEES

    total $1,056,778 · related or exempt $1,056,778

  • 2c · Program service revenue: PATRONAGE DIVIDENDS

    total $917,303 · related or exempt $917,303

  • 3 · Investment income

    total $405,871 · excluded $405,871

  • 7a · Gross sales of assets other than inventory

    other assets $49,517

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

    other assets $0

  • 7c · Gain or loss

    other assets $49,517

  • 7d · Net gain or loss

    total $49,517 · related or exempt $49,517

  • 10a · Gross sales of inventory

    $12,812

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $12,812 · excluded $12,812

  • 11a · Other revenue: POLE ATTACHMENT REVENUE

    total $432,023 · excluded $432,023

  • 11e · Other revenue, total

    $432,023

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000

  • 4 · Benefits paid to or for members

    total $3,170,684

  • 5 · Compensation of officers, directors and key employees

    total $1,052,294

  • 7 · Other salaries and wages

    total $2,274,579

  • 8 · Pension plan contributions

    total $521,525

  • 9 · Other employee benefits

    total $662,993

  • 10 · Payroll taxes

    total $191,809

  • 20 · Interest

    total $1,170,033

  • 22 · Depreciation, depletion and amortization

    total $4,014,809

  • 24a · Other expenses: PURCHASED POWER

    total $26,763,011

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,679,751

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,832,858

  • 24d · Other expenses: CONSUMER EXPENSE

    total $695,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,351,270 · end of year $4,456,726

  • 2 · Savings and temporary cash investments

    beginning of year $2,250,000

  • 4 · Accounts receivable

    beginning of year $5,098,664 · end of year $4,902,654

  • 8 · Inventories for sale or use

    beginning of year $1,061,429 · end of year $1,102,984

  • 9 · Prepaid expenses and deferred charges

    beginning of year $289,443 · end of year $797,870

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

    $136,409,491

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

    $54,403,186

  • 10c · Land, buildings and equipment, net

    beginning of year $78,887,829 · end of year $82,006,305

  • 13 · Investments: program-related

    beginning of year $19,967,621 · end of year $20,698,928

  • 15 · Other assets

    beginning of year $2,099,153 · end of year $843,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,219,977 · end of year $4,838,699

  • 23 · Secured mortgages and notes payable

    beginning of year $43,279,163 · end of year $41,134,552

  • 25 · Other liabilities

    beginning of year $5,219,453 · end of year $5,646,968

  • 29 · Capital stock, trust principal or current funds

    beginning of year $75,965 · end of year $75,885

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $60,210,851 · end of year $63,112,600

Mission and programs · 2024

Mission

TO BE AN EFFICIENT, INNOVATIVE, MEMBER-FOCUSED ELECTRIC COOPERATIVE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,536 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • David Batley

    SECRETARY/TREASURER

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • James Fore

    DIRECTOR

    Total calculated
    $13,475
    From this org
    $13,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Howard Daugherty

    DIRECTOR

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Rodney Harrison

    VICE PRESIDENT

    Total calculated
    $19,800
    From this org
    $19,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Jessica Ross

    DIRECTOR

    Total calculated
    $17,100
    From this org
    $17,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dr Stallworth

    DIRECTOR

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Carolyn Taite

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Willie Williams

    DIRECTOR

    Total calculated
    $11,100
    From this org
    $11,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Susan Davis

    PRESIDENT

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Steve Sheffield

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $344,293
    From this org
    $245,976
    From related orgs
    $0
    Other
    $98,317
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $240,876
    Bonus
    $0
    Other
    $5,100
    Deferred
    $68,833
    Nontaxable benefits
    $29,484
    Filer's total
    $344,293

  • Susan Dunn

    ASSISTANT MANAGER

    Total calculated
    $319,522
    From this org
    $227,389
    From related orgs
    $0
    Other
    $92,133
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $222,289
    Bonus
    $0
    Other
    $5,100
    Deferred
    $62,872
    Nontaxable benefits
    $29,261
    Filer's total
    $319,522

  • Ed Williamson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $250,204
    From this org
    $172,191
    From related orgs
    $0
    Other
    $78,013
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $170,040
    Bonus
    $0
    Other
    $2,151
    Deferred
    $49,953
    Nontaxable benefits
    $28,060
    Filer's total
    $250,204

  • David Atchison

    CREW FOREMAN

    Total calculated
    $208,967
    From this org
    $149,797
    From related orgs
    $0
    Other
    $59,170
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,550
    Bonus
    $0
    Other
    $12,247
    Deferred
    $33,047
    Nontaxable benefits
    $26,123
    Filer's total
    $208,967

  • Ronald Franks

    JOURNEYMAN LINEMAN

    Total calculated
    $192,953
    From this org
    $148,450
    From related orgs
    $0
    Other
    $44,503
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,631
    Bonus
    $0
    Other
    $819
    Deferred
    $31,475
    Nontaxable benefits
    $13,028
    Filer's total
    $192,953

  • Arthur Dees

    CREW FOREMAN

    Total calculated
    $180,755
    From this org
    $126,034
    From related orgs
    $0
    Other
    $54,721
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,767
    Bonus
    $0
    Other
    $1,267
    Deferred
    $28,597
    Nontaxable benefits
    $26,124
    Filer's total
    $180,755

  • Canaan Hare

    CREW FOREMAN

    Total calculated
    $148,511
    From this org
    $123,534
    From related orgs
    $0
    Other
    $24,977
    Hours/week
    50

  • Dwight Pugh

    OPERATIONS SUPERINTENDENT

    Total calculated
    $201,069
    From this org
    $139,012
    From related orgs
    $0
    Other
    $62,057
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,065
    Bonus
    $0
    Other
    $2,947
    Deferred
    $36,979
    Nontaxable benefits
    $25,078
    Filer's total
    $201,069

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 committee
  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
8 November 2025
IRS schema version
2024v5.2
Source object
202503149349302215

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