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Nonprofiteer
← NUSHAGAK ELECTRIC & TELEPHONE COOPERATIVE INC

Form 990 for tax year 2023

Filed by NUSHAGAK ELECTRIC & TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$15,645,690
Total expenses
$14,922,039
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$14,971,009
Investment income
$328,501
Other revenue
$346,180
Total assets, end of year
$49,441,864
Total liabilities, end of year
$26,877,305
Net assets or fund balances, end of year
$22,564,559
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: ELECTRIC & TELECOMMUNICATIONS SER

    total $14,902,251 · related or exempt $14,902,251

  • 2b · Program service revenue: NON-REGULATED COMMUNICATIONS REVE

    total $68,758 · related or exempt $68,758

  • 3 · Investment income

    total $328,501 · excluded $328,501

  • 11a · Other revenue: FUEL TANK STORAGE

    total $343,668 · unrelated business $343,668

  • 11b · Other revenue: DIRECTORY ADVERTISING

    total $2,512 · unrelated business $2,512

  • 11e · Other revenue, total

    $346,180

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $20,000

  • 4 · Benefits paid to or for members

    total $21,131

  • 5 · Compensation of officers, directors and key employees

    total $255,610

  • 7 · Other salaries and wages

    total $963,721

  • 20 · Interest

    total $712,246

  • 22 · Depreciation, depletion and amortization

    total $1,964,247

  • 24a · Other expenses: UNRELATED BUS INCOME TA

    total $5,418

  • 24b · Other expenses: ELECTRIC POWER PRODUCTI

    total $6,419,317

  • 24c · Other expenses: TELCO PLANT SPECIFIC

    total $1,351,156

  • 24d · Other expenses: CABLE AND INTERNET

    total $1,027,622

  • 24e · All other expenses

    total $2,181,571

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,300 · end of year $1,300

  • 2 · Savings and temporary cash investments

    beginning of year $2,822,404 · end of year $1,886,037

  • 4 · Accounts receivable

    beginning of year $1,732,463 · end of year $2,555,654

  • 8 · Inventories for sale or use

    beginning of year $6,068,252 · end of year $5,029,187

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,406 · end of year $77,428

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

    $73,386,617

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

    $36,029,970

  • 10c · Land, buildings and equipment, net

    beginning of year $35,181,599 · end of year $37,356,647

  • 12 · Investments: other securities

    beginning of year $2,508,419 · end of year $2,535,611

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,742,701 · end of year $5,990,616

  • 23 · Secured mortgages and notes payable

    beginning of year $21,026,638 · end of year $20,203,980

  • 25 · Other liabilities

    beginning of year $755,809 · end of year $682,709

  • 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 $21,734,746 · end of year $22,458,394

  • 31 · Retained earnings, endowment or other funds

    beginning of year $104,949 · end of year $106,165

Mission and programs · 2023

Mission

TO MEET THE UTILITY NEEDS IN RURAL ALASKA

Activities or mission (Part I)

UTILITY SERVICE COOPERATIVE

  • COOPERATIVE PROVIDES ELECTRIC, TELECOMMUNICATIONS, CABLE TELEVISION, AND INTERNET SERVICES WITHIN AND AROUND THE DILLINGHAM, ALASKA AREA TO ITS MEMBERS. AS OF 12/31/23 THERE WERE 1,471 ELECTRIC SERVICES AND 1,034 TELEPHONE ACCESS LINES IN SERVICE.

As filed on the 2023 return.

Listed in Part VII

  • Peter Andrew

    PRESIDENT

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Henry Strub

    VICE-PRESIDENT

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wanda Wahl

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Annie Fritze

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Baltar

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Susan Flensburg

    DIRECTOR

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jean Barrett

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Lisac

    DIRECTOR

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Chaney

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $248,710
    From this org
    $150,635
    From related orgs
    $0
    Other
    $98,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $0
    Other
    $10,635
    Deferred
    $60,004
    Nontaxable benefits
    $38,071
    Filer's total
    $248,710

  • James Denslinger

    POWERPLANT SUPERINTENDENT

    Total calculated
    $202,967
    From this org
    $121,275
    From related orgs
    $0
    Other
    $81,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,653
    Bonus
    $0
    Other
    $8,622
    Deferred
    $48,283
    Nontaxable benefits
    $33,409
    Filer's total
    $202,967

  • Angelita Venua

    COMPTROLLER

    Total calculated
    $182,427
    From this org
    $128,048
    From related orgs
    $0
    Other
    $54,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,875
    Bonus
    $0
    Other
    $1,173
    Deferred
    $54,379
    Nontaxable benefits
    $0
    Filer's total
    $182,427

  • John Gleason

    POWERPLANT OPERATOR/MECHANIC

    Total calculated
    $182,094
    From this org
    $107,089
    From related orgs
    $0
    Other
    $75,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $86,175
    Bonus
    $0
    Other
    $20,914
    Deferred
    $36,934
    Nontaxable benefits
    $38,071
    Filer's total
    $182,094

  • Angela Thames

    BUSINESS OFFICE MANAGER

    Total calculated
    $210,134
    From this org
    $125,827
    From related orgs
    $0
    Other
    $84,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,526
    Bonus
    $0
    Other
    $2,301
    Deferred
    $50,898
    Nontaxable benefits
    $33,409
    Filer's total
    $210,134

  • Bernardo Venua

    POWERPLANT TECHNICIAN

    Total calculated
    $186,098
    From this org
    $108,685
    From related orgs
    $0
    Other
    $77,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,749
    Bonus
    $0
    Other
    $2,936
    Deferred
    $44,004
    Nontaxable benefits
    $33,409
    Filer's total
    $186,098

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 · Written employment contract
  • 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

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403169349302780

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