Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $0

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: SALES OF ELECTRIC ENERGY

  total $142,395,361 · related or exempt $142,395,361

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

  total $5,744,395 · related or exempt $5,744,395

• 2c · Program service revenue: OTHER CAPITAL CREDITS

  total $1,009,494 · related or exempt $1,009,494

• 2d · Program service revenue: SURGE SUPPRESSOR INCOME

  total $135,897 · related or exempt $135,897

• 2e · Program service revenue

  total $0 · related or exempt $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $362,368 · excluded $362,368

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · excluded $0

• 5 · Royalties

  total $0 · excluded $0

• 6a · Gross rents

  real property $37,470 · personal property $410,558

• 6c · Rental income or loss

  real property $37,470 · personal property $410,558

• 6d · Net rental income or loss

  total $448,028 · excluded $448,028

• 7a · Gross sales of assets other than inventory

  other assets $264,069

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

  other assets $6,098

• 7c · Gain or loss

  securities $0 · other assets $257,971

• 7d · Net gain or loss

  total $257,971 · excluded $257,971

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $0

• 8b · Fundraising events: direct expenses

  $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 10a · Gross sales of inventory

  $15,587

• 10b · Cost of goods sold

  $21,764

• 10c · Net income from sales of inventory

  total -$6,177 · excluded -$6,177

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $398,909

• 4 · Benefits paid to or for members

  total $11,510,045

• 5 · Compensation of officers, directors and key employees

  total $1,548,546

• 7 · Other salaries and wages

  total $5,608,696

• 8 · Pension plan contributions

  total $2,527,999

• 9 · Other employee benefits

  total $2,828,774

• 10 · Payroll taxes

  total $991,958

• 11b · Fees: legal

  total $37,237

• 11c · Fees: accounting

  total $48,984

• 11g · Fees: other

  total $6,881,680

• 12 · Advertising and promotion

  total $492,410

• 13 · Office expenses

  total $1,215,223

• 14 · Information technology

  total $160,048

• 16 · Occupancy

  total $231,846

• 19 · Conferences, conventions and meetings

  total $257,686

• 20 · Interest

  total $7,493,903

• 21 · Payments to affiliates

  total $249,809

• 22 · Depreciation, depletion and amortization

  total $10,337,433

• 23 · Insurance

  total $232,982

• 24a · Other expenses: COST OF ELECTRIC POWER

  total $87,424,688

• 24b · Other expenses: TAXES

  total $3,911,338

• 24c · Other expenses: CONSUMER ACCOUNTS

  total $937,803

• 24d · Other expenses: DISTRIBUTION EXPENSE

  total $902,162

• 24e · All other expenses

  total $71,569

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,065,564 · end of year $6,279,219

• 2 · Savings and temporary cash investments

  beginning of year $6,208,643 · end of year $2,468,769

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $14,242,669 · end of year $15,087,388

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $186,633 · end of year $111,222

• 8 · Inventories for sale or use

  beginning of year $10,324,878 · end of year $16,368,364

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,272,857 · end of year $165,798

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

  $353,661,017

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

  $112,894,068

• 10c · Land, buildings and equipment, net

  beginning of year $232,523,104 · end of year $240,766,949

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $79,807,699 · end of year $84,183,189

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $17,064,857 · end of year $14,632,534

• 18 · Grants payable

  end of year $0

• 19 · Deferred revenue

  beginning of year $9,658,887 · end of year $6,382,251

• 20 · Tax-exempt bond liabilities

  end of year $0

• 21 · Escrow or custodial account liability

  end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $173,584,694 · end of year $178,037,025

• 24 · Unsecured notes and loans payable

  end of year $0

• 25 · Other liabilities

  beginning of year $5,134,623 · end of year $5,412,435

• 27 · Net assets without donor restrictions

  end of year $0

• 28 · Net assets with donor restrictions

  end of year $0

• 29 · Capital stock, trust principal or current funds

  end of year $0

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

  end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $149,188,986 · end of year $160,966,653

The filer's explanations (Part III)

Schedule J, Part II, Column (C)

RETIREMENT AND OTHER DEFERRED COMPENSATION IS NOT ACTUAL RECEIVED ANNUAL COMPENSATION TO THE INDIVIDUAL, RATHER IT IS AN ACTUARIAL AMOUNT OF BENEFITS FOR ANTICIPATED RETIREMENT DISTRIBUTION UPON NORMAL RETIREMENT AGE. THE AMOUNT IS USED FOR ACCOUNTING PURPOSES BY THE COOPERATIVE ANNUALLY.

Related corporations and trusts

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

• CUIVRE RIVER ELECTRIC SERVICE CO

  C Corporation · INACTIVE · MO · 100% owned · controlled entity

  Directly controlled by CREC