Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC REVENUE

  total $22,780,877 · related or exempt $22,780,877

• 2b · Program service revenue: CAPITAL CREDIT ALLOCATIONS

  total $838,903 · related or exempt $838,903

• 2c · Program service revenue: OTHER OPERATING REVENUE

  total $302,700 · related or exempt $302,700

• 2d · Program service revenue: SOLAR

  total $66,333 · unrelated business $66,333

• 3 · Investment income

  total $104,474 · excluded $104,474

• 7a · Gross sales of assets other than inventory

  other assets $191,753

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

  other assets $83,348

• 7c · Gain or loss

  other assets $108,405

• 7d · Net gain or loss

  total $108,405 · related or exempt $108,405

• 11a · Other revenue: MISCELLANEOUS NON-OPERATING

  total $45,099 · related or exempt $45,099

• 11e · Other revenue, total

  $45,099

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $2,280,088

• 5 · Compensation of officers, directors and key employees

  total $501,836

• 20 · Interest

  total $829,288

• 22 · Depreciation, depletion and amortization

  total $2,059,713

• 24a · Other expenses: COST OF PURCHASED POWER

  total $13,809,343

• 24b · Other expenses: ADMINISTRATIVE AND GENERA

  total $2,123,507

• 24c · Other expenses: DISTRIBUTION OPERATIONS

  total $1,296,433

• 24d · Other expenses: DISTRIBUTION MAINTENANCE

  total $1,068,189

• 24e · All other expenses

  total $278,394

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,031,917 · end of year $1,503,416

• 2 · Savings and temporary cash investments

  beginning of year $677,442 · end of year $740,399

• 4 · Accounts receivable

  beginning of year $992,794 · end of year $1,069,499

• 7 · Other notes and loans receivable

  beginning of year $182,458 · end of year $741,946

• 8 · Inventories for sale or use

  beginning of year $420,139 · end of year $643,634

• 9 · Prepaid expenses and deferred charges

  end of year $100,469

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

  $58,979,290

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

  $24,608,010

• 10c · Land, buildings and equipment, net

  beginning of year $33,785,767 · end of year $34,371,280

• 13 · Investments: program-related

  beginning of year $11,900,106 · end of year $11,893,024

• 15 · Other assets

  beginning of year $2,527,006 · end of year $2,276,911

• 17 · Accounts payable and accrued expenses

  beginning of year $1,518,916 · end of year $1,228,368

• 23 · Secured mortgages and notes payable

  beginning of year $21,997,113 · end of year $21,214,255

• 25 · Other liabilities

  beginning of year $3,705,960 · end of year $3,748,320

• 31 · Retained earnings, endowment or other funds

  beginning of year $25,295,640 · end of year $27,149,635

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

KEVIN BABCOCK 0 15,000 0

Disregarded entities

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

• JACKSON SOLAR

  SEE STATEM · WI · income $4,636 · assets $38,507

  Directly controlled by JACKSON EL JACKSON ELECTRIC COMPANY