Form 990 for tax year 2024
Filed by CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION.
Totals
- Total revenue
- $6,177,187
- Total expenses
- $5,918,296
- Contributions and grants received
- $0
- Grants paid
- $2,049
- Program service revenue
- $6,161,714
- Investment income
- $15,473
- Other revenue
- $0
- Total assets, end of year
- $22,532,620
- Total liabilities, end of year
- $12,378,929
- Net assets or fund balances, end of year
- $10,153,691
- 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: SALE OF POWER
total $5,734,849 · related or exempt $5,734,849
-
2b · Program service revenue: CAPITAL CREDITS
total $396,887 · related or exempt $396,887
-
2f · All other program service revenue
total $29,978 · related or exempt $29,978
-
3 · Investment income
total $15,473 · excluded $15,473
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,049
-
4 · Benefits paid to or for members
total $300,000
-
5 · Compensation of officers, directors and key employees
total $195,495
-
7 · Other salaries and wages
total $814,057
-
10 · Payroll taxes
total $71,789
-
11g · Fees: other
total $34,663
-
12 · Advertising and promotion
total $54,235
-
13 · Office expenses
total $37,176
-
19 · Conferences, conventions and meetings
total $127,350
-
20 · Interest
total $320,774
-
22 · Depreciation, depletion and amortization
total $593,444
-
23 · Insurance
total $25,676
-
24a · Other expenses: COST OF POWER
total $3,240,472
-
24b · Other expenses: ADMINISTRATIVE & GENERA
total $371,462
-
24c · Other expenses: DISTRIBUTION - MAINTENA
total $342,201
-
24d · Other expenses: DISTRIBUTION - OPERATIO
total $228,163
-
24e · All other expenses
total -$840,710
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,719 · end of year $106,739
-
2 · Savings and temporary cash investments
beginning of year $156,296 · end of year $163,762
-
4 · Accounts receivable
beginning of year $577,370 · end of year $535,490
-
8 · Inventories for sale or use
beginning of year $396,339 · end of year $391,723
-
9 · Prepaid expenses and deferred charges
beginning of year $55,308 · end of year $90,083
-
10a · Land, buildings and equipment: cost or other basis
$20,936,136
-
10b · Land, buildings and equipment: accumulated depreciation
$5,113,680
-
10c · Land, buildings and equipment, net
beginning of year $15,335,588 · end of year $15,822,456
-
12 · Investments: other securities
beginning of year $1,798,209 · end of year $1,637,183
-
13 · Investments: program-related
beginning of year $3,586,667 · end of year $3,785,184
-
17 · Accounts payable and accrued expenses
beginning of year $520,553 · end of year $497,209
-
21 · Escrow or custodial account liability
beginning of year $1,442 · end of year $1,022
-
23 · Secured mortgages and notes payable
beginning of year $11,209,439 · end of year $11,380,828
-
24 · Unsecured notes and loans payable
beginning of year $225,000 · end of year $225,000
-
25 · Other liabilities
beginning of year $212,224 · end of year $274,870
-
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 $5,840 · end of year $5,850
-
31 · Retained earnings, endowment or other funds
beginning of year $9,745,998 · end of year $10,147,841
Mission and programs · 2024
Mission
AS A RURAL ELECTRIC COOPERATIVE, CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION'S MAIN PURPOSE IS TO PROVIDE ELECTRICITY TO ITS MEMBERS.
Activities or mission (Part I)
TO PROVIDE ELECTRICITY TO OUR MEMBERS.
-
CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION IS A RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRICITY TO ITS MEMBERS. IN 2024, THE COOPERATIVE PROVIDED SERVICE TO APPROXIMATELY 1,168 MEMBERS, AND MAINTAINED 759.07 MILES OF OVERHEAD LINE WHILE ADDING 0.91 MILES AND REMOVING .09 MILES.
As filed on the 2024 return.
Listed in Part VII
-
Jim MillerJIM MILLER
PRESIDENT
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Steve BoedeckerSTEVE BOEDECKER
VICE PRESIDENT
- Total calculated
- $5,513
- From this org
- $5,513
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Jason McKenneyJASON MCKENNEY
SECRETARY
- Total calculated
- $4,050
- From this org
- $4,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Ron HansonRON HANSON
DIRECTOR (UNTIL AUG 2024)
- Total calculated
- $2,925
- From this org
- $2,925
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Duane BeschoernerDUANE BESCHOERNER
TREASURER
- Total calculated
- $4,725
- From this org
- $4,725
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Darcy MaulsbyDARCY MAULSBY
DIRECTOR
- Total calculated
- $4,050
- From this org
- $4,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Joe ParkerJOE PARKER
DIRECTOR
- Total calculated
- $3,038
- From this org
- $3,038
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Steve PelzSTEVE PELZ
DIRECTOR (BEG SEPT 2024)
- Total calculated
- $1,350
- From this org
- $1,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Keaton HildrethKEATON HILDRETH
CEO
- Total calculated
- $150,787
- From this org
- $118,455
- From related orgs
- $0
- Other
- $32,332
- Hours/week
- 47
Schedule J breakdown matched by us
- Base
- $118,455
- Bonus
- $0
- Other
- $0
- Deferred
- $9,396
- Nontaxable benefits
- $22,936
- Filer's total
- $150,787
-
Bret McAlisterBRET MCALISTER
LINE SUPERINTENDENT
- Total calculated
- $147,918
- From this org
- $113,907
- From related orgs
- $0
- Other
- $34,011
- Hours/week
- 43
-
Reid GallowayREID GALLOWAY
LINE FOREMAN
- Total calculated
- $132,247
- From this org
- $109,931
- From related orgs
- $0
- Other
- $22,316
- Hours/week
- 43
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 · 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)
- FORM 990, SCHEDULE J, PART II, COLUMN C
- INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED FOR KEATON HILDRETH OF $9,396. ACTUAL CONTRIBUTION EXPENSE WAS $23,954.
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202521819349301262
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