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Nonprofiteer
← CRAWFORD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by CRAWFORD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$38,774,124
Total expenses
$37,889,038
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$38,085,906
Investment income
$357,887
Other revenue
$330,331
Total assets, end of year
$111,501,918
Total liabilities, end of year
$69,658,487
Net assets or fund balances, end of year
$41,843,431
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 ENERGY REVENUE

    total $38,085,906 · related or exempt $38,085,906

  • 3 · Investment income

    total $273,083 · excluded $273,083

  • 7a · Gross sales of assets other than inventory

    other assets $84,804

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

    other assets $0

  • 7c · Gain or loss

    other assets $84,804

  • 7d · Net gain or loss

    total $84,804 · related or exempt $84,804

  • 11a · Other revenue: CAPITAL CREDITS

    total $294,387 · related or exempt $294,387

  • 11b · Other revenue: MISCELLANEOUS

    total $35,944 · excluded $35,944

  • 11e · Other revenue, total

    $330,331

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $363,443

  • 5 · Compensation of officers, directors and key employees

    total $608,977

  • 20 · Interest

    total $2,190,176

  • 22 · Depreciation, depletion and amortization

    total $3,772,670

  • 24a · Other expenses: COST OF POWER PURCHASED

    total $18,511,779

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $6,069,773

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $2,567,087

  • 24d · Other expenses: ADMINISTRATIVE & GENERA

    total $2,044,525

  • 24e · All other expenses

    total $1,760,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $385,173 · end of year $691,433

  • 2 · Savings and temporary cash investments

    beginning of year $8,275,497 · end of year $4,139,157

  • 4 · Accounts receivable

    beginning of year $3,956,716 · end of year $3,644,004

  • 7 · Other notes and loans receivable

    beginning of year $391,666 · end of year $291,667

  • 8 · Inventories for sale or use

    beginning of year $1,993,341 · end of year $2,212,461

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,079 · end of year $94,333

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

    $138,966,039

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

    $46,551,430

  • 10c · Land, buildings and equipment, net

    beginning of year $89,101,877 · end of year $92,414,609

  • 13 · Investments: program-related

    beginning of year $7,315,198 · end of year $7,131,957

  • 15 · Other assets

    beginning of year $1,106,027 · end of year $882,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,834,647 · end of year $3,249,195

  • 23 · Secured mortgages and notes payable

    beginning of year $62,684,595 · end of year $61,245,076

  • 25 · Other liabilities

    beginning of year $5,145,863 · end of year $5,164,216

  • 29 · Capital stock, trust principal or current funds

    beginning of year $307,500 · end of year $311,670

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $79,786 · end of year $88,489

  • 31 · Retained earnings, endowment or other funds

    beginning of year $40,558,183 · end of year $41,443,272

Mission and programs · 2023

Mission

TO ENHANCE THE QUALITY OF RURAL LIFE FOR OUR MEMBER-OWNERS AND THEIR COMMUNITIES.

  • TO PROVIDE DISTRIBUTION OF ELECTRIC TO RURAL AREAS ON A COOPERATIVE BASIS; PARTICULARLY AT COST ON A PATRONAGE BASIS SERVING OVER 20,000 METERS WITH ALL ACTIVE METERS RECEVING ALLOCATED PATRONAGE.

As filed on the 2023 return.

Listed in Part VII

  • Jim Cottrell

    PRESIDENT

    Total calculated
    $26,373
    From this org
    $26,373
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Gary Mullen

    TREASURER

    Total calculated
    $25,873
    From this org
    $25,873
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Joseph Cason

    BOARD MEMBER

    Total calculated
    $36,023
    From this org
    $36,023
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.7

  • Debbie Willette

    VICE PRESIDENT

    Total calculated
    $25,873
    From this org
    $25,873
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Janice Dorson

    BOARD MEMBER

    Total calculated
    $14,305
    From this org
    $14,305
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.2

  • Rick Adams

    BOARD MEMBER

    Total calculated
    $4,198
    From this org
    $4,198
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • Douglas Murphy

    BOARD MEMBER

    Total calculated
    $9,004
    From this org
    $9,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Justin Blankenship

    BOARD MEMBER

    Total calculated
    $32,643
    From this org
    $32,643
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • James Biermann

    SECRETARY

    Total calculated
    $26,173
    From this org
    $26,173
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Janet Morrow

    BOARD MEMBER

    Total calculated
    $34,193
    From this org
    $34,193
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.8

  • Anthony Mallory

    CEO/GENERAL MANAGER

    Total calculated
    $281,647
    From this org
    $187,484
    From related orgs
    $0
    Other
    $94,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,484
    Bonus
    $0
    Other
    $0
    Deferred
    $62,730
    Nontaxable benefits
    $31,433
    Filer's total
    $281,647

  • Kevin Ulrich

    MANAGER OF ACCOUNTING & OF

    Total calculated
    $165,727
    From this org
    $120,249
    From related orgs
    $0
    Other
    $45,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,249
    Bonus
    $0
    Other
    $0
    Deferred
    $22,347
    Nontaxable benefits
    $23,131
    Filer's total
    $165,727

  • Kurtis Reed

    OPERATIONS & ENG MGR

    Total calculated
    $211,398
    From this org
    $162,567
    From related orgs
    $0
    Other
    $48,831
    Hours/week
    40.62

    Schedule J breakdown matched by us

    Base
    $162,567
    Bonus
    $0
    Other
    $0
    Deferred
    $17,644
    Nontaxable benefits
    $31,187
    Filer's total
    $211,398

  • Jason Kisner

    LEAD LINEMAN

    Total calculated
    $192,954
    From this org
    $156,485
    From related orgs
    $0
    Other
    $36,469
    Hours/week
    54.49

    Schedule J breakdown matched by us

    Base
    $156,485
    Bonus
    $0
    Other
    $0
    Deferred
    $13,458
    Nontaxable benefits
    $23,011
    Filer's total
    $192,954

  • Clayton Long

    LEAD LINEMAN

    Total calculated
    $169,419
    From this org
    $135,859
    From related orgs
    $0
    Other
    $33,560
    Hours/week
    50.86

    Schedule J breakdown matched by us

    Base
    $135,859
    Bonus
    $0
    Other
    $0
    Deferred
    $9,516
    Nontaxable benefits
    $24,044
    Filer's total
    $169,419

  • Storm Schoeter

    JOURNEYMAN LINEMAN

    Total calculated
    $171,888
    From this org
    $133,930
    From related orgs
    $0
    Other
    $37,958
    Hours/week
    52.35

    Schedule J breakdown matched by us

    Base
    $133,930
    Bonus
    $0
    Other
    $0
    Deferred
    $6,991
    Nontaxable benefits
    $30,967
    Filer's total
    $171,888

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • CRAWFORD TECHNOLOGIES LLC

    C · PROVIDES ACCESS TO FIBER OPTIC CAPABILITIES · MO · 100% owned · share of income $110,324 · share of assets $273,054

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2024
IRS schema version
2023v5.0
Source object
202441229349302314

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