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Nonprofiteer
← CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$72,760,199
Total expenses
$71,314,031
Contributions and grants received
$0
Grants paid
$952,477
Program service revenue
$70,253,518
Investment income
$588,303
Other revenue
$1,918,378
Total assets, end of year
$258,999,374
Total liabilities, end of year
$86,502,549
Net assets or fund balances, end of year
$172,496,825
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • DAVE MARKHAM

    CEO/PRESIDENT (THRU 07/23)

    Total calculated
    $1,074,365
    From this org
    $1,023,438
    From related orgs
    $0
    Other
    $50,927
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $473,175
    Bonus
    $68,798
    Other
    $481,465
    Deferred
    $6,070
    Nontaxable benefits
    $44,857
    Filer's total
    $1,074,365

  • BRAD WILSON

    CEO/PRESIDENT

    Total calculated
    $488,241
    From this org
    $360,660
    From related orgs
    $0
    Other
    $127,581
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $300,275
    Bonus
    $32,508
    Other
    $27,877
    Deferred
    $97,093
    Nontaxable benefits
    $30,488
    Filer's total
    $488,241

  • TODD FEHRENBACHER

    SERVICEMAN

    Total calculated
    $299,427
    From this org
    $211,205
    From related orgs
    $0
    Other
    $88,222
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $205,951
    Bonus
    $4,415
    Other
    $839
    Deferred
    $73,045
    Nontaxable benefits
    $15,177
    Filer's total
    $299,427

  • CHRIS LAITE

    LINEMAN

    Total calculated
    $310,053
    From this org
    $208,271
    From related orgs
    $0
    Other
    $101,782
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $203,070
    Bonus
    $4,370
    Other
    $831
    Deferred
    $61,917
    Nontaxable benefits
    $39,865
    Filer's total
    $310,053

  • RYAN DAVIES

    VP CUSTOMER & ENERGY SERVICES

    Total calculated
    $271,845
    From this org
    $198,529
    From related orgs
    $0
    Other
    $73,316
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $161,172
    Bonus
    $26,450
    Other
    $10,907
    Deferred
    $33,357
    Nontaxable benefits
    $39,959
    Filer's total
    $271,845

  • JASON BEVERLY

    METER TECHNICIAN

    Total calculated
    $271,224
    From this org
    $201,309
    From related orgs
    $0
    Other
    $69,915
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $195,963
    Bonus
    $4,969
    Other
    $377
    Deferred
    $30,356
    Nontaxable benefits
    $39,559
    Filer's total
    $271,224

  • KEVIN ROHDE

    VP OPERATIONS/ENGINEERING

    Total calculated
    $262,890
    From this org
    $202,733
    From related orgs
    $0
    Other
    $60,157
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $192,080
    Bonus
    $4,463
    Other
    $6,190
    Deferred
    $44,679
    Nontaxable benefits
    $15,478
    Filer's total
    $262,890

  • SHANE MORGAN

    VP FINANCE & ACCOUNTING

    Total calculated
    $246,382
    From this org
    $205,064
    From related orgs
    $0
    Other
    $41,318
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $201,047
    Bonus
    $0
    Other
    $4,017
    Deferred
    $0
    Nontaxable benefits
    $41,318
    Filer's total
    $246,382

  • EDDIE KIP LIGHT

    CHAIRMAN

    Total calculated
    $36,761
    From this org
    $36,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    9 + 1 related

  • KELLY MCFARLANE

    VICE CHAIRMAN

    Total calculated
    $22,152
    From this org
    $22,152
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • KEN MILTENBERGER

    SECRETARY/TREASURER

    Total calculated
    $23,261
    From this org
    $23,261
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • BOYD KEETON

    DIRECTOR

    Total calculated
    $51,263
    From this org
    $51,263
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • TOM STRAND

    DIRECTOR

    Total calculated
    $35,020
    From this org
    $35,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • MARK CHRISTIE

    DIRECTOR

    Total calculated
    $35,155
    From this org
    $35,155
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • BEVERLY CLARNO

    DIRECTOR

    Total calculated
    $34,169
    From this org
    $34,169
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • DAN STEELHAMMER

    DIRECTOR

    Total calculated
    $21,332
    From this org
    $21,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • SAM MCKENZIE

    DIRECTOR

    Total calculated
    $21,408
    From this org
    $21,408
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS & HEALTH CLUB DUES - TRAVEL FOR COMPANIONS IS NOT ALLOWED AT CEC EXCEPT AS APPROVED BY THE BOARD OF DIRECTORS FOR SPECIAL CIRCUMSTANCES. HEALTH CLUB DUES ARE OFFERED AS A BENEFIT TO ALL CEC EMPLOYEES.
PART I, LINE 4B
DEFERRED COMPENSATION PLAN PARTICIPANT 457(F): DAVE MARKHAM - $322,380 REMAINING BALANCE VESTED AT RETIREMENT DATE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CEC RESOURCES

    C · INVESTMENT · OR · 100% owned · share of income $807,145 · share of assets $40,159,172 · controlled entity

    Directly controlled by CENTRAL ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202433129349304963

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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