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Nonprofiteer
← CONSOLIDATED ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by CONSOLIDATED ELECTRIC COOPERATIVE.

Totals

Total revenue
$27,546,564
Total expenses
$25,872,483
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,335,591
Investment income
$210,973
Other revenue
$0
Total assets, end of year
$70,988,644
Total liabilities, end of year
$38,971,811
Net assets or fund balances, end of year
$32,016,833
Program services expenses (Part IX)
$25,872,483
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,872,483

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: Sale of Electric Energy

    total $26,135,841 · related or exempt $26,135,841

  • 2b · Program service revenue: Capital Credits Rec'd

    total $1,124,897 · related or exempt $1,124,897

  • 2c · Program service revenue: Other Electric Revenues

    total $74,853 · related or exempt $74,853

  • 3 · Investment income

    total $202,373 · related or exempt $202,373

  • 7a · Gross sales of assets other than inventory

    other assets $10,650

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

    other assets $2,050

  • 7c · Gain or loss

    other assets $8,600

  • 7d · Net gain or loss

    total $8,600 · related or exempt $8,600

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,373,072 · program services $1,373,072

  • 5 · Compensation of officers, directors and key employees

    total $533,978 · program services $533,978

  • 20 · Interest

    total $925,521 · program services $925,521

  • 22 · Depreciation, depletion and amortization

    total $2,151,680 · program services $2,151,680

  • 24a · Other expenses: Purchased Power Supply

    total $15,228,893 · program services $15,228,893

  • 24b · Other expenses: Distribution Expense-Ma

    total $2,157,579 · program services $2,157,579

  • 24c · Other expenses: Distribution Expense-Op

    total $1,585,129 · program services $1,585,129

  • 24d · Other expenses: Administrative & Genera

    total $1,337,272 · program services $1,337,272

  • 24e · All other expenses

    total $579,359 · program services $579,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,659 · end of year $367,663

  • 2 · Savings and temporary cash investments

    beginning of year $4,433,734 · end of year $3,679,808

  • 4 · Accounts receivable

    beginning of year $2,763,016 · end of year $3,048,706

  • 8 · Inventories for sale or use

    beginning of year $1,089,343 · end of year $1,077,811

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,917 · end of year $86,226

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

    $67,961,206

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

    $20,733,651

  • 10c · Land, buildings and equipment, net

    beginning of year $45,137,727 · end of year $47,227,555

  • 12 · Investments: other securities

    beginning of year $1,793 · end of year $1,793

  • 13 · Investments: program-related

    beginning of year $14,890,430 · end of year $15,499,082

  • 15 · Other assets

    beginning of year $13,458 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,455,791 · end of year $2,380,970

  • 19 · Deferred revenue

    beginning of year $500,000 · end of year $500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $33,866,695 · end of year $34,614,164

  • 24 · Unsecured notes and loans payable

    beginning of year $10,222 · end of year $2,556

  • 25 · Other liabilities

    beginning of year $1,462,055 · end of year $1,474,121

  • 29 · Capital stock, trust principal or current funds

    beginning of year $146,015 · end of year $147,265

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,195,299 · end of year $31,869,568

Mission and programs · 2023

Mission

To provide its member-owners with quality, reliable electric and related services consistent with sound business practices on a cooperative basis

Activities or mission (Part I)

Provide member-owners with quality, reliable electric and related services consistent with sound business practices

  • The Cooperative distributes electric energy to rural consumer/members in eight counties. The Cooperative will continue to maintain and upgrade electric lines to provide reliable electric service on a cooperative basis.

    Expenses $25,872,483 · Revenue $27,546,564

As filed on the 2023 return.

Listed in Part VII

  • Lynn Thompson

    General Manager

    Total calculated
    $300,697
    From this org
    $225,692
    From related orgs
    $0
    Other
    $75,005
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $201,792
    Bonus
    $0
    Other
    $23,900
    Deferred
    $43,017
    Nontaxable benefits
    $31,988
    Filer's total
    $300,697

  • M Troy Crum

    Mgr Operations

    Total calculated
    $202,894
    From this org
    $142,313
    From related orgs
    $0
    Other
    $60,581
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $124,855
    Bonus
    $0
    Other
    $17,458
    Deferred
    $28,874
    Nontaxable benefits
    $31,707
    Filer's total
    $202,894

  • Steven Tiller

    Working Foreman

    Total calculated
    $177,658
    From this org
    $139,034
    From related orgs
    $0
    Other
    $38,624
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $108,544
    Bonus
    $0
    Other
    $30,490
    Deferred
    $13,766
    Nontaxable benefits
    $24,858
    Filer's total
    $177,658

  • Melanie Oetting

    Mgr Admin Services

    Total calculated
    $184,028
    From this org
    $126,047
    From related orgs
    $0
    Other
    $57,981
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $112,795
    Bonus
    $0
    Other
    $13,252
    Deferred
    $27,528
    Nontaxable benefits
    $30,453
    Filer's total
    $184,028

  • Christa Baumhoer

    Mgr of Finance & Accountin

    Total calculated
    $183,935
    From this org
    $121,875
    From related orgs
    $0
    Other
    $62,060
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $113,892
    Bonus
    $0
    Other
    $7,983
    Deferred
    $31,610
    Nontaxable benefits
    $30,450
    Filer's total
    $183,935

  • Paul Johannaber

    Lineman

    Total calculated
    $158,821
    From this org
    $121,411
    From related orgs
    $0
    Other
    $37,410
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $113,654
    Bonus
    $0
    Other
    $7,757
    Deferred
    $13,295
    Nontaxable benefits
    $24,115
    Filer's total
    $158,821

  • Brandon Crawford

    Lineman

    Total calculated
    $155,021
    From this org
    $118,316
    From related orgs
    $0
    Other
    $36,705
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $99,224
    Bonus
    $0
    Other
    $19,092
    Deferred
    $12,850
    Nontaxable benefits
    $23,855
    Filer's total
    $155,021

  • Shera L Dameron

    Secretary

    Total calculated
    $7,858
    From this org
    $7,858
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James M Ebbesmeyer

    President

    Total calculated
    $6,758
    From this org
    $6,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Patty Fisher

    Director

    Total calculated
    $5,658
    From this org
    $5,658
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Russell L Thomas

    Treasurer

    Total calculated
    $4,758
    From this org
    $4,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Curtis

    Director

    Total calculated
    $4,758
    From this org
    $4,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William H Sonwalt

    Director

    Total calculated
    $4,758
    From this org
    $4,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William Deichman

    Director

    Total calculated
    $5,758
    From this org
    $5,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Nancy Cobb

    Director

    Total calculated
    $4,758
    From this org
    $4,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mike A VanMaanen

    Vice-President

    Total calculated
    $4,358
    From this org
    $4,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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 · Compensation committee
  • 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 corporations and trusts

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

  • Consolidated Electric Service Company

    C · Energy Distribution · MO · 100% owned · share of assets $793

  • Consolidated Enterprises Inc

    C · Economic Development · MO · 100% owned · share of assets $1,000

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202432999349300108

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