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Nonprofiteer
← CENTRAL RURAL ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by CENTRAL RURAL ELECTRIC COOPERATIVE.

Totals

Total revenue
$88,491,132
Total expenses
$89,046,704
Contributions and grants received
$0
Grants paid
$10,975
Program service revenue
$78,375,362
Investment income
$318,500
Other revenue
$9,797,270
Total assets, end of year
$322,670,138
Total liabilities, end of year
$227,898,458
Net assets or fund balances, end of year
$94,771,680
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: SALES OF ELECTRICITY

    total $73,166,904 · related or exempt $73,166,904

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $4,986,412 · related or exempt $4,985,029 · unrelated business $1,383

  • 2c · Program service revenue: SERVICE FEES & OTHER CHARGES

    total $169,875 · related or exempt $169,875

  • 2d · Program service revenue: SOLAR & OTHER PROGRAM REVENUE

    total $52,171 · related or exempt $52,171

  • 3 · Investment income

    total $318,500 · excluded $318,500

  • 6a · Gross rents

    real property $70,580 · personal property $3,240

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $70,580 · personal property $3,240

  • 6d · Net rental income or loss

    total $73,820 · related or exempt $70,580 · unrelated business $3,240

  • 11a · Other revenue: BROADBAND REVENUE

    total $9,615,408 · unrelated business $9,615,408

  • 11b · Other revenue: POLE ATTACHMENT INCOME

    total $93,529 · excluded $93,529

  • 11c · Other revenue: MISC NON-OPERATING REVENUE

    total $14,513 · related or exempt $14,513

  • 11e · Other revenue, total

    $9,723,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,975

  • 4 · Benefits paid to or for members

    total $9,012,995

  • 5 · Compensation of officers, directors and key employees

    total $1,234,736

  • 7 · Other salaries and wages

    total $6,069,114

  • 8 · Pension plan contributions

    total $1,042,988

  • 9 · Other employee benefits

    total $1,547,035

  • 10 · Payroll taxes

    total $491,614

  • 20 · Interest

    total $7,847,694

  • 22 · Depreciation, depletion and amortization

    total $10,760,449

  • 24a · Other expenses: PURCHASED POWER

    total $41,784,409

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $4,978,864

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $3,462,249

  • 24d · Other expenses: COST OF INTERNET SALES

    total $2,348,584

  • 24e · All other expenses

    total -$1,545,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,912,984 · end of year $2,042,602

  • 2 · Savings and temporary cash investments

    beginning of year $5,588,519 · end of year $2,996,591

  • 4 · Accounts receivable

    beginning of year $4,748,696 · end of year $5,420,009

  • 7 · Other notes and loans receivable

    beginning of year $21,120

  • 8 · Inventories for sale or use

    beginning of year $5,488,943 · end of year $2,919,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $702,826 · end of year $1,542,250

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

    $340,096,446

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

    $83,632,559

  • 10c · Land, buildings and equipment, net

    beginning of year $241,289,031 · end of year $256,463,887

  • 13 · Investments: program-related

    beginning of year $41,438,981 · end of year $45,521,254

  • 15 · Other assets

    beginning of year $2,582,478 · end of year $5,764,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,382,254 · end of year $7,969,864

  • 23 · Secured mortgages and notes payable

    beginning of year $194,233,563 · end of year $207,621,460

  • 25 · Other liabilities

    beginning of year $13,688,325 · end of year $12,307,134

  • 29 · Capital stock, trust principal or current funds

    beginning of year $894,985 · end of year $921,850

  • 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 $85,574,451 · end of year $93,849,830

Mission and programs · 2024

Mission

EMPOWERING OUR MEMBERS AND COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 24,850 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • James Wells

    PRESIDENT

    Total calculated
    $23,000
    From this org
    $23,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.66

  • Randy Wedel

    TRUSTEE

    Total calculated
    $20,250
    From this org
    $20,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.48

  • Carol Dvorak

    TRUSTEE (JAN-OCT)

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.45

  • John Greg Tytenciz

    SECRETARY/TREASURER

    Total calculated
    $18,500
    From this org
    $18,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.04

  • Ken Starks

    TRUSTEE

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.44

  • Sid Sperry

    VICE PRESIDENT

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.45

  • Randy Ethridge

    TRUSTEE

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.52

  • Melanie McGuire

    TRUSTEE (OCT-DEC)

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.92

  • Hunter Robinson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $625,762
    From this org
    $285,654
    From related orgs
    $0
    Other
    $340,108
    Hours/week
    49.26

    Schedule J breakdown matched by us

    Base
    $216,014
    Bonus
    $15,000
    Other
    $54,640
    Deferred
    $320,096
    Nontaxable benefits
    $20,012
    Filer's total
    $625,762

  • Sondra White

    CHIEF FINANCIAL OFFICER

    Total calculated
    $241,648
    From this org
    $201,012
    From related orgs
    $0
    Other
    $40,636
    Hours/week
    48.5

    Schedule J breakdown matched by us

    Base
    $191,877
    Bonus
    $8,318
    Other
    $817
    Deferred
    $23,662
    Nontaxable benefits
    $16,974
    Filer's total
    $241,648

  • Mark Prather

    PRESIDENT OF FIBER & TECHNOLOGY

    Total calculated
    $238,576
    From this org
    $162,746
    From related orgs
    $0
    Other
    $75,830
    Hours/week
    42.5

    Schedule J breakdown matched by us

    Base
    $149,780
    Bonus
    $8,384
    Other
    $4,582
    Deferred
    $41,019
    Nontaxable benefits
    $34,811
    Filer's total
    $238,576

  • Clint Robinson

    LINE FOREMAN

    Total calculated
    $214,365
    From this org
    $145,703
    From related orgs
    $0
    Other
    $68,662
    Hours/week
    50.39

    Schedule J breakdown matched by us

    Base
    $144,527
    Bonus
    $762
    Other
    $414
    Deferred
    $38,831
    Nontaxable benefits
    $29,831
    Filer's total
    $214,365

  • Lee Linsenmeyer

    LINEMAN

    Total calculated
    $192,144
    From this org
    $148,556
    From related orgs
    $0
    Other
    $43,588
    Hours/week
    53.23

    Schedule J breakdown matched by us

    Base
    $146,873
    Bonus
    $1,282
    Other
    $401
    Deferred
    $16,793
    Nontaxable benefits
    $26,795
    Filer's total
    $192,144

  • Michael Musil

    LINEMAN

    Total calculated
    $195,298
    From this org
    $145,082
    From related orgs
    $0
    Other
    $50,216
    Hours/week
    55.98

    Schedule J breakdown matched by us

    Base
    $143,506
    Bonus
    $762
    Other
    $814
    Deferred
    $16,941
    Nontaxable benefits
    $33,275
    Filer's total
    $195,298

  • Yuvaraj Kondaswamy

    SYSTEM PLANNING ENGINEER

    Total calculated
    $198,351
    From this org
    $146,041
    From related orgs
    $0
    Other
    $52,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,212
    Bonus
    $4,573
    Other
    $3,256
    Deferred
    $21,387
    Nontaxable benefits
    $30,923
    Filer's total
    $198,351

  • Jillianne Tebow

    VP BUSINESS DEV & MKT

    Total calculated
    $178,079
    From this org
    $143,632
    From related orgs
    $0
    Other
    $34,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,271
    Bonus
    $8,384
    Other
    $977
    Deferred
    $17,122
    Nontaxable benefits
    $17,325
    Filer's total
    $178,079

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 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. HUNTER ROBINSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 313,495 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,601 TOTAL REPORTED IN COLUMN C $ 320,096 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (313,495) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 53,440 EXPENSE TO THE COOPERATIVE $ 60,041 SONDRA WHITE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,803 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,859 TOTAL REPORTED IN COLUMN C $ 23,662 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,803) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 42,028 EXPENSE TO THE COOPERATIVE $ 47,887 MARK PRATHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 36,204 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,815 TOTAL REPORTED IN COLUMN C $ 41,019 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (36,204) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,037 EXPENSE TO THE COOPERATIVE $ 45,852 CLINT ROBINSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 35,617 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,214 TOTAL REPORTED IN COLUMN C $ 38,831 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (35,617) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,904 EXPENSE TO THE COOPERATIVE $ 30,118 YUVARAJ KONDASWAMY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,955 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,432 TOTAL REPORTED IN COLUMN C $ 21,387 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,955) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,007 EXPENSE TO THE COOPERATIVE $ 41,439 MICHAEL MUSIL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 14,065 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,876 TOTAL REPORTED IN COLUMN C $ 16,941 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (14,065) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,494 EXPENSE TO THE COOPERATIVE $ 26,370 LEE LINSENMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,831 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,962 TOTAL REPORTED IN COLUMN C $ 16,793 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,831) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,151 EXPENSE TO THE COOPERATIVE $ 27,113 JILLIANNE TEBOW: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 12,946 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,176 TOTAL REPORTED IN COLUMN C $ 17,122 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (12,946) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 31,668 EXPENSE TO THE COOPERATIVE $ 35,844

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INNOVATION POINTE LLC

    SOFTWARE · OK · income $129,032 · assets $1,063,454

    Directly controlled by CENTRAL RURAL ELECTRIC COOPERATIVE INC

  • CENTRANET LLC

    BROADBAND · OK · income $12,677,164 · assets $9,507,271

    Directly controlled by CENTRAL RURAL ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543229349301409

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