Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRICITY SALES

  total $570,784,619 · related or exempt $570,784,619

• 2b · Program service revenue: G&T CAPITAL CREDITS

  total $5,795,759 · related or exempt $5,795,759

• 2c · Program service revenue: QUALIFIED POLE RENTAL

  total $5,477,687 · excluded $5,477,687

• 2d · Program service revenue: OTHER CAPITAL CREDITS

  total $3,437,620 · related or exempt $3,437,620

• 2e · Program service revenue: HOME GENERATOR

  total $1,447,892 · related or exempt $1,447,892

• 3 · Investment income

  total $13,322,913 · excluded $13,322,913

• 6a · Gross rents

  personal property $1,028,498

• 6b · Less rental expenses

  personal property $167,304

• 6c · Rental income or loss

  personal property $861,194

• 6d · Net rental income or loss

  total $861,194 · unrelated business $861,194

• 7a · Gross sales of assets other than inventory

  other assets $159,708

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

  other assets $82,593

• 7c · Gain or loss

  other assets $77,115

• 7d · Net gain or loss

  total $77,115 · excluded $77,115

• 11a · Other revenue: ORANGE SALES

  total $39,184 · unrelated business $39,184

• 11b · Other revenue: REVENUE FROM MERCHANDISING

  total $576 · excluded $576

• 11e · Other revenue, total

  $39,760

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $181,469

• 4 · Benefits paid to or for members

  total $23,202,460

• 5 · Compensation of officers, directors and key employees

  total $1,726,089

• 7 · Other salaries and wages

  total $1,974,019

• 20 · Interest

  total $18,326,863

• 22 · Depreciation, depletion and amortization

  total $36,154,980

• 24a · Other expenses: COST OF POWER

  total $373,221,668

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $74,460,187

• 24c · Other expenses: GENERAL & ADMINISTRATIV

  total $20,813,830

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $15,861,888

• 24e · All other expenses

  total $10,062,572

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $58,591 · end of year $135,023

• 2 · Savings and temporary cash investments

  beginning of year $245,369,259 · end of year $209,186,578

• 4 · Accounts receivable

  beginning of year $44,210,953 · end of year $90,554,108

• 7 · Other notes and loans receivable

  beginning of year $2,000,766 · end of year $2,124,016

• 8 · Inventories for sale or use

  beginning of year $84,453,573 · end of year $141,378,452

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,685,250 · end of year $4,994,434

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

  $1,269,751,604

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

  $407,988,033

• 10c · Land, buildings and equipment, net

  beginning of year $780,810,739 · end of year $861,763,571

• 11 · Investments: publicly traded securities

  beginning of year $50,447 · end of year $11,500

• 12 · Investments: other securities

  beginning of year $23,280,702 · end of year $27,222,538

• 13 · Investments: program-related

  beginning of year $145,717,673 · end of year $154,271,584

• 15 · Other assets

  beginning of year $7,711,751 · end of year $9,597,673

• 17 · Accounts payable and accrued expenses

  beginning of year $55,265,892 · end of year $90,379,339

• 23 · Secured mortgages and notes payable

  beginning of year $562,949,236 · end of year $638,697,936

• 25 · Other liabilities

  beginning of year $44,112,434 · end of year $64,898,474

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,088,360 · end of year $1,129,580

• 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 $676,933,782 · end of year $706,134,148

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B

RONNIE DEESE IS A PARTICIPANT IN A NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2024.

Related corporations and trusts

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

• LAKE JOVITA ASSOCIATES INC

  C · SCH R, VII · FL · 100% owned · share of income $416,236 · share of assets $1,408,220

  Directly controlled by SCH R VII

• URADCO INC

  C · SCH R, VII · FL · 100% owned · share of income $3,133,698 · share of assets $27,419,974

  Directly controlled by SCH R VII

• ONE LACOOCHEE CENTER

  C · SCH R VII · FL · 100% owned · share of income $2,187,739 · share of assets $893,057

  Directly controlled by SCH R VII