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Nonprofiteer
← DONIPHAN ELECTRIC COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2022

Filed by DONIPHAN ELECTRIC COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$3,539,156
Total expenses
$3,539,156
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,523,344
Investment income
$15,002
Other revenue
$810
Total assets, end of year
$8,111,810
Total liabilities, end of year
$1,426,906
Net assets or fund balances, end of year
$6,684,904
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 ELECTRICITY

    total $3,473,410 · related or exempt $3,473,410

  • 2b · Program service revenue: MISC ELECTRIC REVENUE

    total $38,851 · related or exempt $38,851

  • 2c · Program service revenue: CAPITAL CREDITS

    total $11,083 · related or exempt $11,083

  • 3 · Investment income

    total $15,002 · excluded $15,002

  • 11a · Other revenue: MISC NON OPERATING

    total $810 · related or exempt $810

  • 11e · Other revenue, total

    $810

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $523,767

  • 5 · Compensation of officers, directors and key employees

    total $169,958

  • 20 · Interest

    total $28,435

  • 22 · Depreciation, depletion and amortization

    total $247,029

  • 24a · Other expenses: COST OF POWER

    total $1,634,560

  • 24b · Other expenses: ADMIN & GENERAL

    total $514,428

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $280,771

  • 24d · Other expenses: MEMBER SERVICES

    total $140,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,647 · end of year $521,753

  • 2 · Savings and temporary cash investments

    beginning of year $50,000 · end of year $55,000

  • 4 · Accounts receivable

    beginning of year $422,779 · end of year $530,050

  • 8 · Inventories for sale or use

    beginning of year $195,657 · end of year $197,708

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,538 · end of year $71,684

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

    $8,768,130

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

    $2,491,571

  • 10c · Land, buildings and equipment, net

    beginning of year $6,048,073 · end of year $6,276,559

  • 13 · Investments: program-related

    beginning of year $475,278 · end of year $481,586

  • 15 · Other assets

    beginning of year $16,923 · end of year -$22,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $237,385 · end of year $240,951

  • 23 · Secured mortgages and notes payable

    beginning of year $726,380 · end of year $1,099,552

  • 25 · Other liabilities

    beginning of year $68,281 · end of year $86,403

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,920 · end of year $23,650

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,565,929 · end of year $6,661,254

Mission and programs · 2022

Mission

TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEST COST.

  • DISTRIBUTION AND SALE OF ELECTRICITY

As filed on the 2022 return.

Listed in Part VII

  • Richard Lemke

    PRESIDENT

    Total calculated
    $2,331
    From this org
    $2,331
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Grant Foley

    TREASURER

    Total calculated
    $2,706
    From this org
    $2,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Norman Sigrist

    SECRETARY

    Total calculated
    $2,256
    From this org
    $2,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jake Benitz

    TRUSTEE

    Total calculated
    $1,056
    From this org
    $1,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Hegarty

    TRUSTEE

    Total calculated
    $2,256
    From this org
    $2,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chris Gaither

    TRUSTEE

    Total calculated
    $1,356
    From this org
    $1,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Danny King

    TRUSTEE

    Total calculated
    $1,056
    From this org
    $1,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Laura Jeschke

    OFFICE MANAG

    Total calculated
    $73,674
    From this org
    $49,947
    From related orgs
    $0
    Other
    $23,727
    Hours/week
    30

  • Michael Volker

    GENERAL MANA

    Total calculated
    $0

  • Susie Williams

    ACCOUNTANT

    Total calculated
    $83,267
    From this org
    $50,449
    From related orgs
    $0
    Other
    $32,818
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202312729349300806

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