Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $10,000

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $87,712,114 · related or exempt $87,712,114

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $622,651 · related or exempt $622,651

• 3 · Investment income

  total $622,050 · excluded $622,050

• 6a · Gross rents

  real property $993,595 · personal property $449,358

• 6b · Less rental expenses

  real property $0 · personal property $705,758

• 6c · Rental income or loss

  real property $993,595 · personal property -$256,400

• 6d · Net rental income or loss

  total $737,195 · unrelated business -$256,400 · excluded $993,595

• 7a · Gross sales of assets other than inventory

  securities $1,918,886 · other assets $442,732

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

  securities $3,541,004 · other assets $97,247

• 7c · Gain or loss

  securities -$1,622,118 · other assets $345,485

• 7d · Net gain or loss

  total -$1,276,633 · excluded -$1,276,633

• 11a · Other revenue: MISCELLEANOUS REVENUE

  total $2,783 · related or exempt $2,783

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

  total -$830,026 · related or exempt -$830,026

• 11e · Other revenue, total

  -$827,243

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $44,293

• 4 · Benefits paid to or for members

  total $6,375,145

• 5 · Compensation of officers, directors and key employees

  total $956,701

• 7 · Other salaries and wages

  total $1,150,082

• 20 · Interest

  total $3,825,206

• 22 · Depreciation, depletion and amortization

  total $7,932,999

• 24a · Other expenses: COST OF POWER

  total $47,430,900

• 24b · Other expenses: DISTRIBUTION EXPENSE -

  total $12,480,407

• 24c · Other expenses: CONSUMER ACCOUNTS

  total $3,123,003

• 24d · Other expenses: ADMINISTRATIVE & GENERA

  total $2,942,961

• 24e · All other expenses

  total $2,810,263

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,868,284 · end of year $9,711,349

• 2 · Savings and temporary cash investments

  beginning of year $671,356 · end of year $851,158

• 4 · Accounts receivable

  beginning of year $14,657,907 · end of year $5,564,980

• 8 · Inventories for sale or use

  beginning of year $1,288,810 · end of year $2,543,746

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,153,581 · end of year $476,048

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

  $259,138,819

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

  $87,805,118

• 10c · Land, buildings and equipment, net

  beginning of year $162,703,560 · end of year $171,333,701

• 11 · Investments: publicly traded securities

  beginning of year $11,239,897 · end of year $10,184,901

• 12 · Investments: other securities

  beginning of year $32,496,631 · end of year $40,347,546

• 13 · Investments: program-related

  beginning of year $6,855,865 · end of year $7,171,523

• 15 · Other assets

  beginning of year $3,586,490 · end of year $5,228,008

• 17 · Accounts payable and accrued expenses

  beginning of year $12,405,234 · end of year $8,937,634

• 23 · Secured mortgages and notes payable

  beginning of year $114,280,648 · end of year $109,325,630

• 24 · Unsecured notes and loans payable

  end of year $8,500,000

• 25 · Other liabilities

  beginning of year $25,952,145 · end of year $23,561,931

• 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 $4,476,263 · end of year $5,197,873

• 31 · Retained earnings, endowment or other funds

  beginning of year $92,408,091 · end of year $97,889,892

The filer's explanations (Part III)

PART II, COLUMN C

PER THE INSTRUCTIONS, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR PERSONS LISTED IN SCHEDULE J, PART II. ACTUAL EXPENSE OF THE PLAN MAY BE SIGNIFICANTLY DIFFERENT FROM THE CHANGE IN ACTUARIAL VALUE.

Related corporations and trusts

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

• NORTHEAST RURAL SERVICES

  C · FIBER TO THE HOME · OK · 100% owned · share of income -$830,026 · share of assets $116,356,646 · controlled entity

  Directly controlled by NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE INC