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Nonprofiteer
← CENTRAL ALABAMA ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by CENTRAL ALABAMA ELECTRIC COOPERATIVE.

Totals

Total revenue
$115,611,869
Total expenses
$107,596,635
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$105,980,445
Investment income
$57,220
Other revenue
$9,574,204
Total assets, end of year
$384,116,824
Total liabilities, end of year
$262,273,483
Net assets or fund balances, end of year
$121,843,341
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: ELECTRIC SALES

    total $104,898,140 · excluded $104,898,140

  • 2b · Program service revenue: POLE ATTACHMENTS

    total $1,082,305 · excluded $1,082,305

  • 3 · Investment income

    total $57,220 · excluded $57,220

  • 6a · Gross rents

    real property $3,705,649

  • 6c · Rental income or loss

    real property $3,705,649

  • 6d · Net rental income or loss

    total $3,705,649 · unrelated business $3,705,649

  • 11a · Other revenue: OTHER NON OPERATING INCOME

    total $3,642,409 · excluded $3,642,409

  • 11b · Other revenue: CAPITAL CREDITS

    total $3,510,307 · excluded $3,510,307

  • 11c · Other revenue: E.I. 90-0025341

    total -$1,284,161 · excluded -$1,284,161

  • 11e · Other revenue, total

    $5,868,555

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $927,687

  • 5 · Compensation of officers, directors and key employees

    total $1,755,673

  • 7 · Other salaries and wages

    total $798,095

  • 20 · Interest

    total $7,612,638

  • 22 · Depreciation, depletion and amortization

    total $9,374,707

  • 24a · Other expenses: COST OF POWER

    total $61,475,216

  • 24b · Other expenses: DISTRIBUTION- MAINTENANCE

    total $10,615,276

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $5,917,859

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $4,341,836

  • 24e · All other expenses

    total $4,777,648

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year -$342,009 · end of year $2,831,023

  • 4 · Accounts receivable

    beginning of year $17,113,369 · end of year $22,642,693

  • 8 · Inventories for sale or use

    beginning of year $1,941,377 · end of year $4,806,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $440,426 · end of year $589,682

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

    $371,301,323

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

    $73,572,032

  • 10c · Land, buildings and equipment, net

    beginning of year $270,262,814 · end of year $297,729,291

  • 13 · Investments: program-related

    beginning of year $48,733,821 · end of year $55,013,250

  • 14 · Intangible assets

    beginning of year $942,284 · end of year $504,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,854,552 · end of year $10,007,512

  • 23 · Secured mortgages and notes payable

    beginning of year $189,157,239 · end of year $230,185,674

  • 25 · Other liabilities

    beginning of year $26,836,019 · end of year $22,080,297

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

    beginning of year $179,345 · end of year $181,800

  • 31 · Retained earnings, endowment or other funds

    beginning of year $114,064,927 · end of year $121,661,541

Mission and programs · 2022

Mission

TO PROVIDE UTILITY SERVICE TO COOPERATIVE MEMBERS.

  • PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 35,818 COOPERATIVE MEMBERS.

  • PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 35,818 COOPERATIVE MEMBERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Stackhouse

    PRESIDENT/CE

    Total calculated
    $609,077
    From this org
    $389,352
    From related orgs
    $0
    Other
    $219,725
    Hours/week
    60 + 6 related

    Schedule J breakdown matched by us

    Base
    $384,693
    Bonus
    not reported
    Other
    $4,659
    Deferred
    $194,904
    Nontaxable benefits
    $24,821
    Filer's total
    $609,077

  • James Gray

    VP ENGINEER/

    Total calculated
    $409,845
    From this org
    $221,069
    From related orgs
    $0
    Other
    $188,776
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,167
    Bonus
    not reported
    Other
    $1,902
    Deferred
    $166,416
    Nontaxable benefits
    $22,360
    Filer's total
    $409,845

  • Damali Clark

    VP CORP/FINA

    Total calculated
    $374,015
    From this org
    $203,078
    From related orgs
    $0
    Other
    $170,937
    Hours/week
    45 + 20 related

    Schedule J breakdown matched by us

    Base
    $202,268
    Bonus
    not reported
    Other
    $810
    Deferred
    $160,209
    Nontaxable benefits
    $10,728
    Filer's total
    $374,015

  • Julie Young

    VP BUSINESS

    Total calculated
    $328,639
    From this org
    $223,814
    From related orgs
    $0
    Other
    $104,825
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $216,416
    Bonus
    not reported
    Other
    $7,398
    Deferred
    $94,693
    Nontaxable benefits
    $10,132
    Filer's total
    $328,639

  • Aaron Ismail

    VP CUSTOMER/

    Total calculated
    $312,946
    From this org
    $192,590
    From related orgs
    $0
    Other
    $120,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,055
    Bonus
    not reported
    Other
    $535
    Deferred
    $97,946
    Nontaxable benefits
    $22,410
    Filer's total
    $312,946

  • Scott Lee

    MGR-IT

    Total calculated
    $265,294
    From this org
    $166,181
    From related orgs
    $0
    Other
    $99,113
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $164,155
    Bonus
    not reported
    Other
    $2,026
    Deferred
    $87,683
    Nontaxable benefits
    $11,430
    Filer's total
    $265,294

  • Joel Collier

    MGR-OPERATIO

    Total calculated
    $249,495
    From this org
    $169,738
    From related orgs
    $0
    Other
    $79,757
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $168,004
    Bonus
    not reported
    Other
    $1,734
    Deferred
    $71,325
    Nontaxable benefits
    $8,432
    Filer's total
    $249,495

  • Randall Morgan

    MGR-OPERATIO

    Total calculated
    $248,120
    From this org
    $161,808
    From related orgs
    $0
    Other
    $86,312
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,137
    Bonus
    not reported
    Other
    $1,671
    Deferred
    $65,310
    Nontaxable benefits
    $21,002
    Filer's total
    $248,120

  • Connie Bainbridge

    MGR-ECON/DEV

    Total calculated
    $238,994
    From this org
    $161,864
    From related orgs
    $0
    Other
    $77,130
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,849
    Bonus
    not reported
    Other
    $4,015
    Deferred
    $67,467
    Nontaxable benefits
    $9,663
    Filer's total
    $238,994

  • Walton C Montgomery

    VP CENTRAL A

    Total calculated
    $234,327
    From this org
    $164,532
    From related orgs
    $0
    Other
    $69,795
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,724
    Bonus
    not reported
    Other
    $1,808
    Deferred
    $47,620
    Nontaxable benefits
    $22,175
    Filer's total
    $234,327

  • Erick Terry

    MGR-ENGINEER

    Total calculated
    $221,510
    From this org
    $148,369
    From related orgs
    $0
    Other
    $73,141
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,950
    Bonus
    not reported
    Other
    $419
    Deferred
    $52,279
    Nontaxable benefits
    $20,862
    Filer's total
    $221,510

  • Charles Byrd

    CHAIRMAN

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Van Smith

    VICE CHAIRMA

    Total calculated
    $42,450
    From this org
    $42,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 4 related

  • Terry Mitchell

    TRUSTEE

    Total calculated
    $41,850
    From this org
    $41,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    7 + 6 related

  • Nicole Law

    TRUSTEE

    Total calculated
    $41,300
    From this org
    $39,500
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    8 + 6 related

  • Mark Gray

    TRUSTEE

    Total calculated
    $39,500
    From this org
    $39,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7 + 6 related

  • Mark Presnell

    SECRETARY/TR

    Total calculated
    $39,500
    From this org
    $38,150
    From related orgs
    $1,350
    Other
    $0
    Hours/week
    5 + 6 related

  • Mike Lamar

    TRUSTEE

    Total calculated
    $38,600
    From this org
    $37,250
    From related orgs
    $1,350
    Other
    $0
    Hours/week
    7

  • Chase Riddle

    TRUSTEE

    Total calculated
    $38,600
    From this org
    $38,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Patsy Holmes

    TRUSTEE

    Total calculated
    $24,850
    From this org
    $24,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 6 related

  • James Parnell

    TRUSTEE

    Total calculated
    $24,800
    From this org
    $24,400
    From related orgs
    $400
    Other
    $0
    Hours/week
    6

  • Jimmie Harrison

    TRUSTEE

    Total calculated
    $8,250
    From this org
    $7,800
    From related orgs
    $450
    Other
    $0
    Hours/week
    5 + 6 related

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 · Independent compensation consultant
  • 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.

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.

  • COOPERATIVE UTILITY SERVICES LLC

    RELATED · UTILITY MT · AL · 50% owned · share of income $652,921 · share of assets $5,623,701 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTRAL ALABAMA COOP SERVICES

    ECON. DEV. · AL

  • CENTRAL ACCESS INC

    BROADBAND · AL

Provenance

Return type
form_990
Tax year
2022
Filed
20 May 2023
IRS schema version
2022v5.0
Source object
202341639349300629

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