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Nonprofiteer
← SURPRISE VALLEY ELECTRIFICATION CORP

Form 990 for tax year 2025

Filed by SURPRISE VALLEY ELECTRIFICATION CORP.

Totals

Total revenue
$17,093,064
Total expenses
$17,113,398
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,963,373
Investment income
$63,301
Other revenue
$66,390
Total assets, end of year
$56,704,504
Total liabilities, end of year
$21,100,221
Net assets or fund balances, end of year
$35,604,283
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: Electrical Energy Sales

    total $16,892,228 · related or exempt $16,892,228

  • 2b · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $28,237 · related or exempt $28,237

  • 2c · Program service revenue: POLE RENTAL

    total $42,908 · excluded $42,908

  • 3 · Investment income

    total $63,301 · excluded $63,301

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CA Air Rescources

  • 11b · Other revenue: Merchandising, net

    total -$2,106 · related or exempt -$2,106

  • 11c · Other revenue: Miscellaneous

    total $68,496 · related or exempt $68,496

  • 11e · Other revenue, total

    $66,390

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 $887,347

  • 5 · Compensation of officers, directors and key employees

    total $793,637

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,000,317

  • 8 · Pension plan contributions

    total $972,714

  • 9 · Other employee benefits

    total $470,751

  • 10 · Payroll taxes

    total $257,468

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 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 $0

  • 20 · Interest

    total $504,219

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,539,071

  • 23 · Insurance

    total $0

  • 24a · Other expenses: cost of power

    total $5,939,375

  • 24b · Other expenses: DISTRIBUTION COSTS

    total $3,776,867

  • 24c · Other expenses: ADMIN & GENERAL EXP

    total $2,047,978

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $684,462

  • 24e · All other expenses

    total -$4,760,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $325 · end of year $325

  • 2 · Savings and temporary cash investments

    beginning of year $1,677,810 · end of year $1,026,479

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,465,750 · end of year $1,181,830

  • 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 $1,289,159 · end of year $1,219,616

  • 9 · Prepaid expenses and deferred charges

    beginning of year $276,633 · end of year $226,962

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

    $97,178,900

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

    $45,028,912

  • 10c · Land, buildings and equipment, net

    beginning of year $52,088,202 · end of year $52,149,988

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $786,613 · end of year $847,605

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $54,287 · end of year $51,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,574,047 · end of year $1,644,645

  • 23 · Secured mortgages and notes payable

    beginning of year $20,514,568 · end of year $18,952,129

  • 25 · Other liabilities

    beginning of year $324,111 · end of year $503,447

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,750 · end of year $22,705

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

    beginning of year $3,454,791 · end of year $3,801,631

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,748,512 · end of year $31,779,947

Mission and programs · 2025

Mission

PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA

  • PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA

As filed on the 2025 return.

Listed in Part VII

  • Bradley A Kresge

    GENERAL MANAGER

    Total calculated
    $450,502
    From this org
    $348,573
    From related orgs
    $0
    Other
    $101,929
    Hours/week
    40.15

    Schedule J breakdown matched by us

    Base
    $348,573
    Bonus
    not reported
    Other
    not reported
    Deferred
    $79,298
    Nontaxable benefits
    $22,631
    Filer's total
    $450,502

  • Dennis Reed

    OPS MGR/LINE SUPER

    Total calculated
    $255,009
    From this org
    $166,890
    From related orgs
    $0
    Other
    $88,119
    Hours/week
    40.15

    Schedule J breakdown matched by us

    Base
    $166,890
    Bonus
    not reported
    Other
    not reported
    Deferred
    $66,227
    Nontaxable benefits
    $21,892
    Filer's total
    $255,009

  • John Minto

    Engineer

    Total calculated
    $228,006
    From this org
    $150,974
    From related orgs
    $0
    Other
    $77,032
    Hours/week
    40.15

    Schedule J breakdown matched by us

    Base
    $150,974
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,296
    Nontaxable benefits
    $21,736
    Filer's total
    $228,006

  • Matthew Eversole

    General Foreman

    Total calculated
    $222,229
    From this org
    $159,057
    From related orgs
    $0
    Other
    $63,172
    Hours/week
    43.53

    Schedule J breakdown matched by us

    Base
    $159,057
    Bonus
    not reported
    Other
    not reported
    Deferred
    $41,510
    Nontaxable benefits
    $21,662
    Filer's total
    $222,229

  • Jack Anderson

    SERVICEMAN

    Total calculated
    $208,115
    From this org
    $150,123
    From related orgs
    $0
    Other
    $57,992
    Hours/week
    42.79

    Schedule J breakdown matched by us

    Base
    $150,123
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,444
    Nontaxable benefits
    $21,548
    Filer's total
    $208,115

  • Neil Mohr

    WORKING FOREMAN

    Total calculated
    $187,906
    From this org
    $154,012
    From related orgs
    $0
    Other
    $33,894
    Hours/week
    43.25

    Schedule J breakdown matched by us

    Base
    $154,012
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,420
    Nontaxable benefits
    $21,474
    Filer's total
    $187,906

  • Joseph Johnson

    Controller

    Total calculated
    $185,987
    From this org
    $139,008
    From related orgs
    $0
    Other
    $46,979
    Hours/week
    40.15

    Schedule J breakdown matched by us

    Base
    $139,008
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,361
    Nontaxable benefits
    $21,618
    Filer's total
    $185,987

  • Craig W Joiner

    Director

    Total calculated
    $22,922
    From this org
    $22,922
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Kyle Weber

    Director

    Total calculated
    $22,922
    From this org
    $22,922
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Raymond J Cloud

    SECRETARY

    Total calculated
    $22,772
    From this org
    $22,772
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Wesley Cook

    Director

    Total calculated
    $22,405
    From this org
    $22,405
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Scott Warner

    Vice President

    Total calculated
    $22,322
    From this org
    $22,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Dennis J Flynn

    BOARD PRESIDENT

    Total calculated
    $22,022
    From this org
    $22,022
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • John A Erquiaga

    Director

    Total calculated
    $21,783
    From this org
    $21,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2025
Filed
22 July 2026
IRS schema version
2025v4.1
Source object
202622039349301472

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