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Nonprofiteer
← DUBOIS RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by DUBOIS RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$33,887,649
Total expenses
$33,887,649
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$33,536,029
Investment income
$85,405
Other revenue
$266,215
Total assets, end of year
$66,102,228
Total liabilities, end of year
$20,234,854
Net assets or fund balances, end of year
$45,867,374
Program services expenses (Part IX)
$33,887,649
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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: CONSUMER PATRONAGE CAP

    total $44,517 · related or exempt $44,517

  • 2b · Program service revenue: G & T PATRONAGE CAPITAL

    total $698,839 · related or exempt $698,839

  • 2c · Program service revenue: SALE OF ELECTRICTY

    total $32,792,673 · related or exempt $32,792,673

  • 3 · Investment income

    total $66,362 · related or exempt $61,841 · unrelated business $4,521

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $270,983

  • 6c · Rental income or loss

    personal property $270,983

  • 6d · Net rental income or loss

    total $270,983 · related or exempt $270,983

  • 7a · Gross sales of assets other than inventory

    other assets $19,523

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

    other assets $480

  • 7c · Gain or loss

    other assets $19,043

  • 7d · Net gain or loss

    total $19,043 · related or exempt $19,043

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $35,851

  • 10b · Cost of goods sold

    $40,619

  • 10c · Net income from sales of inventory

    total -$4,768 · related or exempt -$4,768

  • 11e · Other revenue, total

    $0

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 $602,973 · program services $602,973

  • 5 · Compensation of officers, directors and key employees

    total $719,455 · program services $719,455

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,785,452 · program services $1,785,452

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $37,598 · program services $37,598

  • 11c · Fees: accounting

    total $10,800 · program services $10,800

  • 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 $6,463 · program services $6,463

  • 13 · Office expenses

    total $117,125 · program services $117,125

  • 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 $49,075 · program services $49,075

  • 20 · Interest

    total $535,915 · program services $535,915

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,423,014 · program services $2,423,014

  • 23 · Insurance

    total $73,817 · program services $73,817

  • 24a · Other expenses: PURCHASED POWER

    total $24,028,375 · program services $24,028,375

  • 24b · Other expenses: DISTRIBUTION EXP

    total $2,316,068 · program services $2,316,068

  • 24c · Other expenses: ADMINISTRATION

    total $761,205 · program services $761,205

  • 24d · Other expenses: OTHER TAXES

    total $420,314 · program services $420,314

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,695,273 · end of year $332,699

  • 2 · Savings and temporary cash investments

    beginning of year $900,000 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,695,553 · end of year $3,395,216

  • 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 $773,628 · end of year $894,801

  • 9 · Prepaid expenses and deferred charges

    beginning of year $291,684 · end of year $168,185

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

    $73,333,415

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

    $28,164,709

  • 10c · Land, buildings and equipment, net

    beginning of year $43,462,293 · end of year $45,168,706

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $16,357,680 · end of year $16,142,621

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,734,249 · end of year $7,141,597

  • 23 · Secured mortgages and notes payable

    beginning of year $13,743,667 · end of year $13,093,256

  • 25 · Other liabilities

    end of year $1

  • 31 · Retained earnings, endowment or other funds

    beginning of year $44,698,195 · end of year $45,867,374

Mission and programs · 2022

Mission

DUBOIS RURAL ELECTRIC COOPERATIVE, INC.'S MISSION IS TO ENHANCE THE LIVES OF THE MEMBERS AND COMMUNITIES WE SERVE BY PROVIDING SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND ENERGY SOLUTIONS

  • PROVIDING SAFE, RELIABLE, AFFORDABLE ELECTRICTY AND ENERGY SOLUTIONS TO OUR MEMBERS AND COMMUNITIES WE SERVE

As filed on the 2022 return.

Listed in Part VII

  • Joseph Henson

    CEO

    Total calculated
    $465,403
    From this org
    $245,534
    From related orgs
    $0
    Other
    $219,869
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $245,534
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $219,869
    Filer's total
    $465,403

  • Patrick Licklyter

    OPERATIONS MANAGER

    Total calculated
    $279,139
    From this org
    $138,960
    From related orgs
    $0
    Other
    $140,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,960
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $140,179
    Filer's total
    $279,139

  • Greg Dilger

    PROJECT ENGINEER

    Total calculated
    $213,817
    From this org
    $127,199
    From related orgs
    $0
    Other
    $86,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,199
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $86,618
    Filer's total
    $213,817

  • Scott Rottet

    JOURNEYMAN LINEMAN

    Total calculated
    $201,958
    From this org
    $131,615
    From related orgs
    $0
    Other
    $70,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,615
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $70,343
    Filer's total
    $201,958

  • Matthew Werner

    JOURNEYMAN LINEMAN

    Total calculated
    $172,616
    From this org
    $123,156
    From related orgs
    $0
    Other
    $49,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,156
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $49,460
    Filer's total
    $172,616

  • Daniel Burke

    JOURNEYMAN LINEMAN

    Total calculated
    $156,095
    From this org
    $131,093
    From related orgs
    $0
    Other
    $25,002
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,093
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $25,002
    Filer's total
    $156,095

  • Craig Adams

    CFO

    Total calculated
    $129,407
    From this org
    $77,295
    From related orgs
    $0
    Other
    $52,112
    Hours/week
    45

  • David Rudolph

    Director

    Total calculated
    $22,958
    From this org
    $22,958
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brad Knies

    President

    Total calculated
    $19,558
    From this org
    $19,558
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Andy Schwenk

    Director

    Total calculated
    $17,833
    From this org
    $17,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Steven Speedy

    Director

    Total calculated
    $16,708
    From this org
    $16,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Randall Stemle

    Secretary

    Total calculated
    $16,458
    From this org
    $16,458
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mark Montgomery

    Director

    Total calculated
    $15,708
    From this org
    $15,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Richard Wendholt

    Vice President

    Total calculated
    $15,424
    From this org
    $15,424
    From related orgs
    $0
    Other
    $0
    Hours/week
    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

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COOPERATIVES ONE LLC

    EXCEDE INTERNET · IN · 33% owned · share of income $4,521 · share of assets $90,157 · general or managing partner

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202302939349301025

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