Totals
- Total revenue
- $5,132,476
- Total expenses
- $4,734,023
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,988,764
- Investment income
- $98,029
- Other revenue
- $45,683
- Total assets, end of year
- $14,761,219
- Total liabilities, end of year
- $8,414,554
- Net assets or fund balances, end of year
- $6,346,665
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: UTILITIES REVENUES FRO
total $4,988,764 · related or exempt $4,988,764
-
3 · Investment income
total $98,029 · related or exempt $98,029
-
6a · Gross rents
personal property $8,369
-
6b · Less rental expenses
personal property $0
-
6c · Rental income or loss
personal property $8,369
-
6d · Net rental income or loss
total $8,369 · excluded $8,369
-
11a · Other revenue: PATRONAGE CAPITAL
total $37,487 · related or exempt $37,487
-
11b · Other revenue: MERCHANDISING
total -$173 · related or exempt -$173
-
11e · Other revenue, total
$37,314
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $256,316
-
5 · Compensation of officers, directors and key employees
total $265,474
-
7 · Other salaries and wages
total $62,328
-
9 · Other employee benefits
total $2,376
-
11b · Fees: legal
total $15,885
-
11c · Fees: accounting
total $9,600
-
11d · Fees: lobbying
total $358
-
11g · Fees: other
total $38,504
-
13 · Office expenses
total $34,521
-
14 · Information technology
total $63,850
-
19 · Conferences, conventions and meetings
total $3,262
-
20 · Interest
total $331,581
-
22 · Depreciation, depletion and amortization
total $350,011
-
24a · Other expenses: PURCHASED POWER
total $2,509,452
-
24b · Other expenses: DISTRIBUTION OPERATIONS
total $479,744
-
24c · Other expenses: DISTRIBUTION MAINTENANC
total $203,984
-
24d · Other expenses: CUSTOMER SERVICE & INFO
total $34,930
-
24e · All other expenses
total $71,847
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $359,618 · end of year $98,298
-
2 · Savings and temporary cash investments
beginning of year $2,625,000 · end of year $2,641,365
-
4 · Accounts receivable
beginning of year $392,527 · end of year $372,661
-
8 · Inventories for sale or use
beginning of year $703,861 · end of year $678,013
-
9 · Prepaid expenses and deferred charges
beginning of year -$9,056 · end of year $12,342
-
10a · Land, buildings and equipment: cost or other basis
$11,780,539
-
10b · Land, buildings and equipment: accumulated depreciation
$3,360,326
-
10c · Land, buildings and equipment, net
beginning of year $8,422,909 · end of year $8,420,213
-
13 · Investments: program-related
beginning of year $2,435,171 · end of year $2,464,352
-
15 · Other assets
beginning of year $62,803 · end of year $73,975
-
17 · Accounts payable and accrued expenses
beginning of year $4,226 · end of year $49,873
-
23 · Secured mortgages and notes payable
beginning of year $8,217,440 · end of year $7,913,395
-
25 · Other liabilities
beginning of year $822,955 · end of year $451,286
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $47,931 · end of year $47,931
-
31 · Retained earnings, endowment or other funds
beginning of year $5,900,281 · end of year $6,298,734
Mission and programs · 2023
Mission
RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTH CENTRAL PORTION OF WYOMING.
Activities or mission (Part I)
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL WYOMING.
-
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIES SERVICES TO APPROXIMATELY 2,268 METERS.
As filed on the 2023 return.
Listed in Part VII
-
Spencer GeorgeSPENCER GEORGE
DIRECTOR
- Total calculated
- $2,029
- From this org
- $2,029
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.32
-
Jerry ThompsonJERRY THOMPSON
PRESIDENT
- Total calculated
- $1,859
- From this org
- $1,859
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.46
-
Peggy A RublePEGGY A RUBLE
VICE PRESIDENT
- Total calculated
- $2,029
- From this org
- $2,029
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8.48
-
Ryan GorsuchRYAN GORSUCH
DIRECTOR
- Total calculated
- $2,207
- From this org
- $2,207
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.5
-
Scott SmithSCOTT SMITH
SECRETARY-TREASURER
- Total calculated
- $7,061
- From this org
- $7,061
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8.15
-
Molly K LynnMOLLY K LYNN
GENERAL MANAGER
- Total calculated
- $176,078
- From this org
- $115,370
- From related orgs
- $0
- Other
- $60,708
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,370
- Bonus
- $0
- Other
- $0
- Deferred
- $34,286
- Nontaxable benefits
- $26,422
- Filer's total
- $176,078
-
Christina HarrisonCHRISTINA HARRISON
FISCAL MANAGER
- Total calculated
- $74,211
- From this org
- $46,643
- From related orgs
- $0
- Other
- $27,568
- Hours/week
- 40
-
Stephen ReimerSTEPHEN REIMER
SUPERINTENDENT
- Total calculated
- $184,843
- From this org
- $129,929
- From related orgs
- $0
- Other
- $54,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,929
- Bonus
- $0
- Other
- $0
- Deferred
- $30,524
- Nontaxable benefits
- $24,390
- Filer's total
- $184,843
-
Todd LawsonTODD LAWSON
LINEMAN
- Total calculated
- $104,205
- From this org
- $104,205
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joshua SerrJOSHUA SERR
LINEMAN
- Total calculated
- $103,919
- From this org
- $103,919
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2 · Substantiation required before reimbursing expenses
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401559349301380
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