Skip to content
Nonprofiteer
← PLATTE-CLAY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by PLATTE-CLAY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$75,811,518
Total expenses
$75,811,518
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,283,409
Investment income
$55,076
Other revenue
$3,473,033
Total assets, end of year
$204,561,125
Total liabilities, end of year
$92,572,149
Net assets or fund balances, end of year
$111,988,976
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: Sale of Electricity

    total $61,497,075 · related or exempt $61,497,075

  • 2b · Program service revenue: Capital Credits

    total $2,292,292 · related or exempt $2,292,292

  • 2c · Program service revenue: Other Operating

    total $8,382,034 · unrelated business $8,382,034

  • 2d · Program service revenue: Capital Credits

    total $112,008 · unrelated business $112,008

  • 3 · Investment income

    total $55,076 · excluded $55,076

  • 6a · Gross rents

    personal property $202,922

  • 6c · Rental income or loss

    personal property $202,922

  • 6d · Net rental income or loss

    total $202,922 · excluded $202,922

  • 11a · Other revenue: Disposition of Fuel Bus

    total $2,794,177 · excluded $2,794,177

  • 11b · Other revenue: Non-Operating

    total $12,635 · related or exempt $12,635

  • 11c · Other revenue: Non-Operating Fuel

    total $463,299 · unrelated business $463,299

  • 11e · Other revenue, total

    $3,270,111

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,420,903

  • 5 · Compensation of officers, directors and key employees

    total $981,087

  • 7 · Other salaries and wages

    total $1,079,107

  • 20 · Interest

    total $3,542,815

  • 22 · Depreciation, depletion and amortization

    total $4,764,828

  • 24a · Other expenses: Cost of Power

    total $36,789,418 · program services $36,789,418

  • 24b · Other expenses: Distribution Expense

    total $6,151,624 · program services $6,151,624

  • 24c · Other expenses: Member Services

    total $2,086,987 · program services $2,086,987

  • 24d · Other expenses: Admin & General

    total $3,970,434 · program services $3,970,434

  • 24e · All other expenses

    total $11,024,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,655,695 · end of year $6,414,793

  • 4 · Accounts receivable

    beginning of year $3,175,975 · end of year $4,877,934

  • 8 · Inventories for sale or use

    beginning of year $232,229 · end of year $34,431

  • 9 · Prepaid expenses and deferred charges

    end of year $519,730

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

    $176,835,439

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

    $36,385,667

  • 10c · Land, buildings and equipment, net

    beginning of year $136,392,806 · end of year $140,449,772

  • 13 · Investments: program-related

    beginning of year $45,172,998 · end of year $48,725,507

  • 15 · Other assets

    beginning of year $4,055,563 · end of year $3,538,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,596 · end of year $2,282,749

  • 23 · Secured mortgages and notes payable

    beginning of year $72,645,929 · end of year $74,230,195

  • 24 · Unsecured notes and loans payable

    end of year $4,500,000

  • 25 · Other liabilities

    beginning of year $12,322,598 · end of year $11,559,205

  • 31 · Retained earnings, endowment or other funds

    beginning of year $107,547,143 · end of year $111,988,976

Mission and programs · 2023

Mission

Provide the distribution of electric service to rural customers

  • Provide electrical service to rural customers - total connections approximately 25,800

As filed on the 2023 return.

Listed in Part VII

  • David Deihi

    General Manager

    Total calculated
    $581,299
    From this org
    $305,038
    From related orgs
    $0
    Other
    $276,261
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $305,038
    Bonus
    not reported
    Other
    not reported
    Deferred
    $252,429
    Nontaxable benefits
    $23,832
    Filer's total
    $581,299

  • Jared Wolters

    Manager Engineering

    Total calculated
    $383,013
    From this org
    $231,351
    From related orgs
    $0
    Other
    $151,662
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,351
    Bonus
    not reported
    Other
    not reported
    Deferred
    $119,146
    Nontaxable benefits
    $32,516
    Filer's total
    $383,013

  • Kenneth Brown

    Manager Finance and Accounti

    Total calculated
    $307,088
    From this org
    $204,613
    From related orgs
    $0
    Other
    $102,475
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $204,613
    Bonus
    not reported
    Other
    not reported
    Deferred
    $80,040
    Nontaxable benefits
    $22,435
    Filer's total
    $307,088

  • Travis Anderson

    Manager Operations

    Total calculated
    $241,733
    From this org
    $165,283
    From related orgs
    $0
    Other
    $76,450
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,283
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,682
    Nontaxable benefits
    $15,768
    Filer's total
    $241,733

  • Ralph E Williams

    Manager Information Technolo

    Total calculated
    $240,955
    From this org
    $159,262
    From related orgs
    $0
    Other
    $81,693
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,262
    Bonus
    not reported
    Other
    not reported
    Deferred
    $57,171
    Nontaxable benefits
    $24,522
    Filer's total
    $240,955

  • Jennifer Grossl

    Manager Marketing & Communic

    Total calculated
    $213,406
    From this org
    $157,966
    From related orgs
    $0
    Other
    $55,440
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,966
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,475
    Nontaxable benefits
    $21,965
    Filer's total
    $213,406

  • Kendall Davis

    Board Member

    Total calculated
    $19,100
    From this org
    $19,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Edward Barger

    Board Member

    Total calculated
    $15,300
    From this org
    $15,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Theresa Wren

    Board Member

    Total calculated
    $13,100
    From this org
    $13,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Kelly Parkhurst

    Board Member

    Total calculated
    $11,800
    From this org
    $11,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • David Edwards

    Board Member

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Larry Leachman

    Board Member

    Total calculated
    $6,700
    From this org
    $6,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mark Baker

    Board Member

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Kim Goepferich

    Board Member

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Dennis Fulk

    Board Member

    Total calculated
    $4,400
    From this org
    $4,400
    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

  • 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.

  • Partners LLC

    Holding Company - Sale of Gasoline Security Systems and Ad · DE

    Directly controlled by Nominee Relationship - Platte Clay Elect

  • Platte-Clay Fuels LLC

    Sale of Gasoline · MO

    Directly controlled by Platte-Clay Electric Cooperative

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423179349302172

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

The source document this was parsed from is served over the API, which is where bulk and document access live.