Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $22,892,148 · related or exempt $22,892,148

• 2b · Program service revenue: COOP CAPITAL CREDITS

  total $435,977 · related or exempt $435,977

• 2c · Program service revenue: OTHER NON-OPERATING

  total $91,252 · related or exempt $35,697 · unrelated business $55,555

• 3 · Investment income

  total $45,961 · excluded $45,961

• 10a · Gross sales of inventory

  $244,695

• 10b · Cost of goods sold

  $328,793

• 10c · Net income from sales of inventory

  total -$84,098 · related or exempt -$84,098

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $350

• 4 · Benefits paid to or for members

  total $1,417,366

• 5 · Compensation of officers, directors and key employees

  total $484,513

• 7 · Other salaries and wages

  total $1,886,129

• 8 · Pension plan contributions

  total $391,685

• 10 · Payroll taxes

  total $167,742

• 20 · Interest

  total $969,061

• 22 · Depreciation, depletion and amortization

  total $1,964,085

• 24a · Other expenses: COST OF POWER

  total $13,464,512

• 24b · Other expenses: ADMIN & GENERAL

  total $1,619,252

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $1,498,103

• 24d · Other expenses: DISTRIBUTION-OPERATIONS

  total $945,930

• 24e · All other expenses

  total -$1,952,488

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,840,563 · end of year $3,404,832

• 4 · Accounts receivable

  beginning of year $2,154,514 · end of year $4,232,588

• 7 · Other notes and loans receivable

  beginning of year $1,615,727 · end of year $883,322

• 8 · Inventories for sale or use

  beginning of year $2,010,706 · end of year $2,707,363

• 9 · Prepaid expenses and deferred charges

  beginning of year $212,073 · end of year $415,604

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

  $64,610,906

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

  $24,787,277

• 10c · Land, buildings and equipment, net

  beginning of year $36,281,177 · end of year $39,823,629

• 13 · Investments: program-related

  beginning of year $8,797,042 · end of year $8,671,387

• 15 · Other assets

  beginning of year $105,313 · end of year $123,901

• 17 · Accounts payable and accrued expenses

  beginning of year $2,215,516 · end of year $2,884,743

• 21 · Escrow or custodial account liability

  beginning of year $1,481 · end of year $1,508

• 23 · Secured mortgages and notes payable

  beginning of year $23,553,053 · end of year $26,944,403

• 24 · Unsecured notes and loans payable

  beginning of year $500,000 · end of year $0

• 25 · Other liabilities

  beginning of year $1,654,123 · end of year $1,962,840

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $27,092,942 · end of year $28,469,132

The filer's explanations (Part III)

FORM 990, PART VII, COLUMN F, OTHER COMPENSATION:

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN OF $36,832 FOR BRIDGET ITZEN, $68,040 FOR KEVIN PETERSON, $34,747 FOR ELLIOT MAYLAND, $27,613 FOR JAME HARGER, $36,294 FOR RICK DOLASH, $20,775 FOR MAX UPAH, AND $35,850 FOR RUSSELL MJOLSNESS . ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $36,641 FOR BRIDGET ITZEN, $31,667 FOR KEVIN PETERSON, $25,851 FOR ELLIOT MAYLAND, $23,672 FOR JAME HARGER, $24,598 FOR RICK DOLASH, $22,792 FOR MAX UPAH, AND $22,790 FOR RUSSELL MJOLSNESS.

Disregarded entities

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

• CONSUMERS DEVELOPMENT LLC

  DEVELOPING COMMERCIAL PROPERTY · IA · income $24,784 · assets $153,161

  Directly controlled by CONSUMERS ENERGY