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Nonprofiteer
← NEMAHA-MARSHALL ELECTRIC COOPERATIVE ASSN INC

Form 990 for tax year 2022

Filed by NEMAHA-MARSHALL ELECTRIC COOPERATIVE ASSN INC.

Totals

Total revenue
$7,748,060
Total expenses
$7,000,598
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,692,710
Investment income
$37,530
Other revenue
$17,820
Total assets, end of year
$13,399,561
Total liabilities, end of year
$4,766,595
Net assets or fund balances, end of year
$8,632,966
Program services expenses (Part IX)
$10,042
Management and general expenses
$6,990,556
Fundraising expenses
$0
Program service expenses (Part III)
$10,042

Program services were 0.1% 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: SalesElectricity

    total $7,592,163 · related or exempt $7,592,163

  • 2b · Program service revenue: RevenueMember

    total $2,485 · related or exempt $2,485

  • 2c · Program service revenue: Other Capital Credit

    total $18,517 · related or exempt $18,517

  • 2d · Program service revenue: Joint Use Pole Rental

    total $976 · excluded $976

  • 2e · Program service revenue: RevenueNon Member

    total $78,569 · related or exempt $78,569

  • 3 · Investment income

    total $37,530 · excluded $37,530

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $93,597

  • 10b · Cost of goods sold

    $75,777

  • 10c · Net income from sales of inventory

    total $17,820 · related or exempt $17,820

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $181,879 · management and general $181,879

  • 7 · Other salaries and wages

    total $479,393 · management and general $479,393

  • 8 · Pension plan contributions

    total $63,265 · management and general $63,265

  • 9 · Other employee benefits

    total $177,198 · management and general $177,198

  • 10 · Payroll taxes

    total $45,804 · management and general $45,804

  • 11b · Fees: legal

    total $17,807 · management and general $17,807

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 12 · Advertising and promotion

    total $5,217 · management and general $5,217

  • 13 · Office expenses

    total $36,774 · management and general $36,774

  • 16 · Occupancy

    total $17,515 · management and general $17,515

  • 17 · Travel

    total $128,632 · management and general $128,632

  • 19 · Conferences, conventions and meetings

    total $10,042 · program services $10,042

  • 20 · Interest

    total $208,480 · management and general $208,480

  • 21 · Payments to affiliates

    total $69,292 · management and general $69,292

  • 22 · Depreciation, depletion and amortization

    total $492,443 · management and general $492,443

  • 23 · Insurance

    total $23,838 · management and general $23,838

  • 24a · Other expenses: Purchased Power

    total $4,122,454 · management and general $4,122,454

  • 24b · Other expenses: Operating Expenses

    total $675,920 · management and general $675,920

  • 24c · Other expenses: Property Taxes

    total $120,698 · management and general $120,698

  • 24e · All other expenses

    total $117,247 · management and general $117,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $376,872 · end of year $438,667

  • 2 · Savings and temporary cash investments

    beginning of year $1,063,613 · end of year $115,450

  • 4 · Accounts receivable

    beginning of year $578,706 · end of year $726,585

  • 8 · Inventories for sale or use

    beginning of year $473,754 · end of year $787,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,140 · end of year $189,001

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

    $18,293,647

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

    $7,401,448

  • 10c · Land, buildings and equipment, net

    beginning of year $10,595,966 · end of year $10,892,199

  • 15 · Other assets

    beginning of year $241,446 · end of year $250,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $675,181 · end of year $646,715

  • 23 · Secured mortgages and notes payable

    beginning of year $4,573,582 · end of year $4,084,510

  • 25 · Other liabilities

    beginning of year $41,105 · end of year $35,370

  • 29 · Capital stock, trust principal or current funds

    beginning of year $31,430 · end of year $31,955

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

    beginning of year $7,916,402 · end of year $8,421,086

  • 31 · Retained earnings, endowment or other funds

    beginning of year $168,797 · end of year $179,925

Mission and programs · 2022

Mission

To be the dynamic regional provider of safe, reliable energy products and services, working to improve the lives of our member-owners and ensuring quality of life to those we serve

Activities or mission (Part I)

Provide electricity to rural cooperative members

  • Annual Meeting of Members-The Cooperative held an annual meeting on February 22, 2022. A total of 2,449 members were notified and 58 members attended. A legal quorum was present. The Cooperative's officers and management informed the consumers of the year's activities and the election of trustees was held.

    Expenses $10,042

As filed on the 2022 return.

Listed in Part VII

  • David J Koch

    President

    Total calculated
    $3,920
    From this org
    $3,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,920
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,920

  • David J Ronnebaum

    Vice President

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $4,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $4,200

  • James G Borgerding

    Treasurer

    Total calculated
    $3,360
    From this org
    $3,360
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,360
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,360

  • Robert L Voet

    Secretary

    Total calculated
    $3,640
    From this org
    $3,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,640
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,640

  • Dean D Becker

    Trustee

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $4,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $4,200

  • Melvin D Kruse

    Trustee

    Total calculated
    $3,920
    From this org
    $3,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,920
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,920

  • Thomas L Niehues

    Trustee

    Total calculated
    $3,920
    From this org
    $3,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,920
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,920

  • Robert G Rottinghaus

    Trustee

    Total calculated
    $3,920
    From this org
    $3,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,920
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,920

  • James J Caffrey

    Trustee

    Total calculated
    $3,080
    From this org
    $3,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,080
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,080

  • Kathleen M O'Brien

    General Manager

    Total calculated
    $185,690
    From this org
    $147,719
    From related orgs
    $0
    Other
    $37,971
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $147,719
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,971
    Nontaxable benefits
    not reported
    Filer's total
    $185,690

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202301329349304070

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