Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $15,136,344 · related or exempt $15,136,344

• 2b · Program service revenue: CAPITAL CREDITS

  total $1,770,112 · related or exempt $1,770,112

• 2c · Program service revenue: WILD BLUE INTERNET

  total $630 · unrelated business $630

• 3 · Investment income

  total $31,764 · excluded $31,764

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

  other assets $11,323

• 7c · Gain or loss

  other assets -$11,323

• 7d · Net gain or loss

  total -$11,323 · excluded -$11,323

• 10a · Gross sales of inventory

  $122,586

• 10b · Cost of goods sold

  $68,013

• 10c · Net income from sales of inventory

  total $54,573 · related or exempt $54,573

• 11a · Other revenue: GAIN ON PARTNERSHIP

  total -$143 · unrelated business -$143

• 11e · Other revenue, total

  -$143

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,188

• 4 · Benefits paid to or for members

  total $2,082,834

• 5 · Compensation of officers, directors and key employees

  total $393,985

• 7 · Other salaries and wages

  total $1,301,954

• 8 · Pension plan contributions

  total $231,755

• 10 · Payroll taxes

  total $120,153

• 20 · Interest

  total $879,967

• 22 · Depreciation, depletion and amortization

  total $1,247,456

• 24a · Other expenses: COST OF POWER

  total $9,729,272

• 24b · Other expenses: ADMIN & GENERAL

  total $933,233

• 24c · Other expenses: DISTRIBUTION-OPERATIONS

  total $769,165

• 24d · Other expenses: DISTRIBUTION-MAINTENANC

  total $635,227

• 24e · All other expenses

  total -$1,651,362

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,082,185 · end of year $1,272,804

• 4 · Accounts receivable

  beginning of year $1,355,743 · end of year $1,516,528

• 7 · Other notes and loans receivable

  beginning of year $825,937 · end of year $2,558,458

• 8 · Inventories for sale or use

  beginning of year $706,765 · end of year $680,352

• 9 · Prepaid expenses and deferred charges

  beginning of year $374,281 · end of year $292,080

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

  $42,089,975

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

  $13,617,651

• 10c · Land, buildings and equipment, net

  beginning of year $28,158,511 · end of year $28,472,324

• 12 · Investments: other securities

  beginning of year $1,188,492 · end of year $1,356,511

• 13 · Investments: program-related

  beginning of year $8,616,092 · end of year $9,875,497

• 15 · Other assets

  beginning of year $3,737 · end of year $1,773,737

• 17 · Accounts payable and accrued expenses

  beginning of year $1,411,111 · end of year $1,716,628

• 21 · Escrow or custodial account liability

  beginning of year $925 · end of year $1,099

• 23 · Secured mortgages and notes payable

  beginning of year $21,120,449 · end of year $22,469,656

• 24 · Unsecured notes and loans payable

  end of year $700,000

• 25 · Other liabilities

  beginning of year $657,565 · end of year $1,806,277

• 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 $19,121,693 · end of year $21,104,631

The filer's explanations (Part III)

FORM 990 SCHEDULE J PART II COLUMN C

INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR JIM GOSSETT. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. GOSSETT WAS $82,067. ACTUAL CONTRIBUTION EXPENSE FOR MR. GOSSETT WAS $26,868. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR JACK SCANLAN. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. SCANLAN WAS $108,677. ACTUAL CONTRIBUTION EXPENSE FOR MR. SCANLAN WAS $19,355. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EUGENE HANDLOS. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. HANDLOS WAS $29,296. ACTUAL CONTRIBUTION EXPENSE FOR MR. HANDLOS WAS $19,595.

Related corporations and trusts

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

• RACCOON VALLEY VISIONARY CORPORATION

  C · ECONOMIC DEVELOPMENT · IA · 100% owned · share of income $95,919 · share of assets $3,418,984 · controlled entity

  Directly controlled by RACCOON VALLEY ELECTRIC COOPERATIVE