Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,929,968 · related or exempt $1,929,968

• 2b · Program service revenue: BROADBAND SERVICES

  total $274,997 · related or exempt $274,997

• 2c · Program service revenue: SPECIAL ASSESSMENT - D

  total $272,374 · related or exempt $272,374

• 2d · Program service revenue: CONFERENCES, CONVENTIO

  total $245,477 · related or exempt $245,477

• 2e · Program service revenue: OTHER SERVICES

  total $230,461 · related or exempt $230,461

• 2f · All other program service revenue

  total $3,150 · related or exempt $3,150

• 3 · Investment income

  total $29,278 · excluded $29,278

• 6a · Gross rents

  real property $27,144

• 6b · Less rental expenses

  real property $27,144

• 6c · Rental income or loss

  real property $0

• 6d · Net rental income or loss

  total $0

• 11a · Other revenue: ADMINISTRATIVE SUPPORT

  total $67,529 · related or exempt $67,529

• 11b · Other revenue: OTHER INCOME

  total $41,266 · related or exempt $41,266

• 11c · Other revenue: ADVERTISING REVENUE

  total $21,050 · unrelated business $21,050

• 11d · All other revenue

  total $13,500 · excluded $13,500

• 11e · Other revenue, total

  $143,345

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,001,918

• 7 · Other salaries and wages

  total $224,194

• 8 · Pension plan contributions

  total $92,941

• 9 · Other employee benefits

  total $32,938

• 10 · Payroll taxes

  total $62,591

• 11b · Fees: legal

  total $50,102

• 11c · Fees: accounting

  total $13,069

• 11d · Fees: lobbying

  total $235,976

• 11g · Fees: other

  total $293,906

• 12 · Advertising and promotion

  total $8,512

• 13 · Office expenses

  total $24,875

• 16 · Occupancy

  total $2,681

• 17 · Travel

  total $51,057

• 19 · Conferences, conventions and meetings

  total $165,057

• 20 · Interest

  total $320

• 22 · Depreciation, depletion and amortization

  total $17,518

• 23 · Insurance

  total $22,242

• 24a · Other expenses: OTHER SERVICE EXPENSES

  total $265,719

• 24b · Other expenses: TAXES

  total $15,885

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $9,818

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $2,610

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $188,155 · end of year $140,912

• 2 · Savings and temporary cash investments

  beginning of year $687,035 · end of year $1,116,283

• 4 · Accounts receivable

  beginning of year $140,236 · end of year $111,189

• 9 · Prepaid expenses and deferred charges

  beginning of year $43,598 · end of year $22,016

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

  $731,415

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

  $622,240

• 10c · Land, buildings and equipment, net

  beginning of year $79,178 · end of year $109,175

• 11 · Investments: publicly traded securities

  beginning of year $357,666 · end of year $210,739

• 15 · Other assets

  beginning of year $29,627 · end of year $30,479

• 17 · Accounts payable and accrued expenses

  beginning of year $248,148 · end of year $92,003

• 19 · Deferred revenue

  beginning of year $15,200 · end of year $24,100

• 23 · Secured mortgages and notes payable

  beginning of year $25,651

• 25 · Other liabilities

  beginning of year $357,666 · end of year $210,739

• 27 · Net assets without donor restrictions

  beginning of year $446,917 · end of year $652,528

• 28 · Net assets with donor restrictions

  beginning of year $431,913 · end of year $761,423

The filer's explanations (Part III)

PART I, LINE 1A

FLORIDA ELECTRIC COOPERATION ASSOCIATION, INC. REIMBURSES $100 OF HEALTH CLUB DUES PER PERSON UNDER ITS WELLNESS PROGRAM.