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Nonprofiteer
← COLUMBIA RURAL ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by COLUMBIA RURAL ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$36,056,492
Total expenses
$34,947,186
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$33,851,781
Investment income
$508,137
Other revenue
$1,696,574
Total assets, end of year
$111,779,241
Total liabilities, end of year
$71,319,163
Net assets or fund balances, end of year
$40,460,078
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: Electricity sales

    total $33,772,831 · related or exempt $33,772,831

  • 2b · Program service revenue: Other operating revenue

    total $78,950 · related or exempt $78,950

  • 3 · Investment income

    total $462,973 · related or exempt $295,916 · excluded $167,057

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $45,164

  • 7c · Gain or loss

    other assets $45,164

  • 7d · Net gain or loss

    total $45,164 · excluded $45,164

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $2,299,931

  • 10b · Cost of goods sold

    $936,755

  • 10c · Net income from sales of inventory

    total $1,363,176 · unrelated business $1,363,176

  • 11a · Other revenue: Other non-op. income

    total $333,398 · related or exempt $333,398

  • 11e · Other revenue, total

    $333,398

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $2,313,905

  • 5 · Compensation of officers, directors and key employees

    total $797,782

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,099,230

  • 8 · Pension plan contributions

    total $1,495,772

  • 9 · Other employee benefits

    total $1,001,168

  • 10 · Payroll taxes

    total $429,077

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $108,599

  • 11c · Fees: accounting

    total $12,750

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $15,570

  • 12 · Advertising and promotion

    total $624,595

  • 13 · Office expenses

    total $152,447

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $330,134

  • 20 · Interest

    total $3,054,206

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,946,098

  • 23 · Insurance

    total $170,517

  • 24a · Other expenses: Cost of power

    total $13,467,008

  • 24b · Other expenses: Distribution - operations

    total $3,526,633

  • 24c · Other expenses: Administration and general

    total $2,221,317

  • 24d · Other expenses: Distribution - maintenance

    total $2,200,577

  • 24e · All other expenses

    total -$7,020,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,933 · end of year $614,491

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,001,120 · end of year $3,121,853

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,984,092 · end of year $4,130,198

  • 9 · Prepaid expenses and deferred charges

    beginning of year $784,117 · end of year $906,455

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

    $144,534,671

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

    $45,223,387

  • 10c · Land, buildings and equipment, net

    beginning of year $92,885,186 · end of year $99,311,284

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $3,981,222 · end of year $3,478,838

  • 14 · Intangible assets

    beginning of year $194,694 · end of year $216,122

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,718,933 · end of year $3,757,747

  • 23 · Secured mortgages and notes payable

    beginning of year $62,976,329 · end of year $63,172,301

  • 24 · Unsecured notes and loans payable

    beginning of year $2,000,000 · end of year $4,325,000

  • 25 · Other liabilities

    beginning of year $188,703 · end of year $64,115

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

    beginning of year $28,281,183 · end of year $30,055,885

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,380,216 · end of year $10,404,193

Mission and programs · 2022

Mission

Provide electric service

  • Provide electric service to approximately 3,900 members with gross consumption in excess of 364 million kWh.

As filed on the 2022 return.

Listed in Part VII

  • Scott Peters

    CEO

    Total calculated
    $440,669
    From this org
    $321,106
    From related orgs
    $0
    Other
    $119,563
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $293,110
    Bonus
    $25,000
    Other
    $2,996
    Deferred
    $87,304
    Nontaxable benefits
    $32,259
    Filer's total
    $440,669

  • Robert Greene

    Total calculated
    $289,977
    From this org
    $217,801
    From related orgs
    $0
    Other
    $72,176
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $202,144
    Bonus
    $13,600
    Other
    $2,057
    Deferred
    $39,072
    Nontaxable benefits
    $33,104
    Filer's total
    $289,977

  • James Cooper

    CFO

    Total calculated
    $271,472
    From this org
    $196,820
    From related orgs
    $0
    Other
    $74,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,070
    Bonus
    $6,700
    Other
    $2,050
    Deferred
    $51,405
    Nontaxable benefits
    $23,247
    Filer's total
    $271,472

  • Jeffrey Murphy

    Total calculated
    $262,037
    From this org
    $182,061
    From related orgs
    $0
    Other
    $79,976
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $178,891
    Bonus
    not reported
    Other
    $3,170
    Deferred
    $46,401
    Nontaxable benefits
    $33,575
    Filer's total
    $262,037

  • Grant Glaus

    Total calculated
    $256,154
    From this org
    $172,755
    From related orgs
    $0
    Other
    $83,399
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $167,554
    Bonus
    not reported
    Other
    $5,201
    Deferred
    $49,893
    Nontaxable benefits
    $33,506
    Filer's total
    $256,154

  • Jason Gemmell

    Total calculated
    $236,628
    From this org
    $163,958
    From related orgs
    $0
    Other
    $72,670
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $161,781
    Bonus
    not reported
    Other
    $2,177
    Deferred
    $38,896
    Nontaxable benefits
    $33,774
    Filer's total
    $236,628

  • Nathan Lueck

    Total calculated
    $223,236
    From this org
    $172,347
    From related orgs
    $0
    Other
    $50,889
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $171,697
    Bonus
    not reported
    Other
    $650
    Deferred
    $37,048
    Nontaxable benefits
    $13,841
    Filer's total
    $223,236

  • Patrick Dennis

    Director

    Total calculated
    $17,381
    From this org
    $17,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennis Munden

    Director

    Total calculated
    $14,057
    From this org
    $14,057
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Neil Carpenter

    President

    Total calculated
    $10,128
    From this org
    $10,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Vic Parks

    Director

    Total calculated
    $9,082
    From this org
    $9,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Logan

    Vice President

    Total calculated
    $8,078
    From this org
    $8,078
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jay DeWitt

    Secretary/Treas

    Total calculated
    $6,845
    From this org
    $6,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Greg Knowles

    Director

    Total calculated
    $6,610
    From this org
    $6,610
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathleen Wooldridge

    Director

    Total calculated
    $6,280
    From this org
    $6,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Glen Shipley

    Director

    Total calculated
    $5,710
    From this org
    $5,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Philip Mehlenbacher

    Trustee

    Total calculated
    $1,470
    From this org
    $1,470
    From related orgs
    $0
    Other
    $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 · 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.

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.

  • Columbia Energy LLC

    Broadband · WA

    Directly controlled by Columbia Rural Electric Association

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349314997

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