Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $166,238,955 · related or exempt $166,238,955

• 2b · Program service revenue: DISTRIBUTION REVENUE

  total $3,179,563 · related or exempt $3,179,563

• 2c · Program service revenue: PATRONAGE CAPITAL REVENUE

  total $2,928,814 · related or exempt $2,928,814

• 2f · All other program service revenue

  total $19,186,345 · related or exempt $19,186,345

• 3 · Investment income

  total $1,214,129 · excluded $1,214,129

• 6a · Gross rents

  real property $20,875

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $20,875

• 6d · Net rental income or loss

  total $20,875 · excluded $20,875

• 7a · Gross sales of assets other than inventory

  securities $1,124,854 · other assets $12,167

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

  securities $1,249,187 · other assets $661

• 7c · Gain or loss

  securities -$124,333 · other assets $11,506

• 7d · Net gain or loss

  total -$112,827 · excluded -$112,827

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $235,861 · related or exempt $238,674 · unrelated business -$2,813

• 11b · Other revenue: EQUITY IN EARNINGS OF PPS

  total $12,180 · related or exempt $12,180

• 11e · Other revenue, total

  $248,041

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,412

• 4 · Benefits paid to or for members

  total $8,000,000

• 5 · Compensation of officers, directors and key employees

  total $2,408,272

• 7 · Other salaries and wages

  total $3,747,576

• 8 · Pension plan contributions

  total $1,184,236

• 9 · Other employee benefits

  total $997,418

• 10 · Payroll taxes

  total $468,705

• 11b · Fees: legal

  total $663,726

• 12 · Advertising and promotion

  total $420

• 13 · Office expenses

  total $279,436

• 14 · Information technology

  total $1,077,852

• 17 · Travel

  total $55,617

• 20 · Interest

  total $25,924,319

• 22 · Depreciation, depletion and amortization

  total $25,360,701

• 23 · Insurance

  total $1,228,231

• 24a · Other expenses: ELECTRIC PURCHASES

  total $59,019,044

• 24b · Other expenses: POWER PRODUCTION

  total $33,102,021

• 24c · Other expenses: TRANSMISSION

  total $27,713,651

• 24d · Other expenses: PROPERTY TAXES

  total $609,004

• 24e · All other expenses

  total $1,043,254

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,103,647 · end of year $13,470,279

• 2 · Savings and temporary cash investments

  beginning of year $2,200,669 · end of year $1,917,970

• 4 · Accounts receivable

  beginning of year $16,560,514 · end of year $18,636,146

• 5 · Loans and receivables from officers and key people

  end of year $11,735

• 8 · Inventories for sale or use

  beginning of year $10,983,573 · end of year $11,374,207

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,940,012 · end of year $24,411,620

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

  $908,182,789

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

  $259,083,739

• 10c · Land, buildings and equipment, net

  beginning of year $606,697,987 · end of year $649,099,050

• 12 · Investments: other securities

  beginning of year $43,059,264 · end of year $43,682,279

• 15 · Other assets

  beginning of year $301,029 · end of year $332,802

• 17 · Accounts payable and accrued expenses

  beginning of year $32,485,465 · end of year $27,002,300

• 23 · Secured mortgages and notes payable

  beginning of year $450,780,808 · end of year $529,819,446

• 24 · Unsecured notes and loans payable

  beginning of year $92,769,461 · end of year $74,116,583

• 25 · Other liabilities

  beginning of year $4,244,961 · end of year $4,431,759

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $124,566,000 · end of year $127,566,000

The filer's explanations (Part III)

PART I, LINE 1A

ERIC HOBBIE, PRESIDENT AND CEO, RECEIVES REIMBURSEMENT OF TRAVEL EXPENSES OF HIS SPOUSE WHEN SHE ACCOMPANIES HIM ON PRAIRIE POWER BUSINESS. THIS BENEFIT IS INCLUDED IN TAXABLE INCOME.

SCHEDULE J, PART II, COLUMN C, DEFERRED COMPENSATION

INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THE PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE REFLECTED IN THE STATEMENT FOR FORM 990, PART VII, COLUMN F.

Related corporations and trusts

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

• PRAIRIE POWER SOLAR LLC

  C · SOLAR GENERATION · IL · 100% owned · share of income $247,538 · share of assets $1,676,316 · controlled entity

  Directly controlled by PRAIRIE POWER INC