Form 990 for tax year 2022
Filed by CLARK COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.
Totals
- Total revenue
- $68,579,271
- Total expenses
- $62,304,098
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $66,499,866
- Investment income
- $71,386
- Other revenue
- $2,008,019
- Total assets, end of year
- $158,055,649
- Total liabilities, end of year
- $78,530,941
- Net assets or fund balances, end of year
- $79,524,708
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $62,304,098
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: SALES OF ELECTRICITY
total $66,499,866 · unrelated business $0 · excluded $0
-
3 · Investment income
total $53,209 · unrelated business $0 · excluded $53,209
-
7a · Gross sales of assets other than inventory
other assets $45,000
-
7b · Less cost or other basis and sales expenses
other assets $26,823
-
7c · Gain or loss
other assets $18,177
-
7d · Net gain or loss
total $18,177 · related or exempt $18,177 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$4,871
-
10b · Cost of goods sold
$2,184
-
10c · Net income from sales of inventory
total $2,687 · excluded $2,687
-
11a · Other revenue: PATRONAGE REVENUE
total $1,571,323 · related or exempt $1,571,323 · unrelated business $0 · excluded $0
-
11b · Other revenue: POLE ATTACHMENT RENTALS
total $234,100 · related or exempt $0 · unrelated business $0 · excluded $234,100
-
11c · Other revenue: MISCELLANEOUS NON-OPERATING
total $199,909 · related or exempt $199,909 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,005,332
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,240,544 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $4,252,468 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $27,456 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $14,325 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $88,413 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $6,283 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $190,943 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $656,637 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $130,421 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $2,434,035 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $5,028,764 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $104,676 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: PURCHASED POWER
total $42,341,082 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: OPERATING EXPENSES
total $997,724 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: MAINTENANCE EXPENSES
total $2,911,272 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: CUSTOMER ACCOUNT EXPENSES
total $692,744 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,186,311 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,184,602 · end of year $1,470,212
-
4 · Accounts receivable
beginning of year $7,147,975 · end of year $10,609,820
-
8 · Inventories for sale or use
beginning of year $736,343 · end of year $752,509
-
9 · Prepaid expenses and deferred charges
beginning of year $1,006,455 · end of year $1,209,918
-
10a · Land, buildings and equipment: cost or other basis
$149,002,420
-
10b · Land, buildings and equipment: accumulated depreciation
$33,872,021
-
10c · Land, buildings and equipment, net
beginning of year $110,210,700 · end of year $115,130,399
-
13 · Investments: program-related
beginning of year $29,859,329 · end of year $28,882,791
-
17 · Accounts payable and accrued expenses
beginning of year $7,831,581 · end of year $9,680,841
-
23 · Secured mortgages and notes payable
beginning of year $62,655,927 · end of year $65,677,930
-
25 · Other liabilities
beginning of year $2,103,737 · end of year $3,172,170
-
31 · Retained earnings, endowment or other funds
beginning of year $77,554,159 · end of year $79,524,708
Mission and programs · 2022
Mission
TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.
-
DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.
Expenses $62,304,098 · Revenue $68,579,271
As filed on the 2022 return.
Listed in Part VII
-
Paul A GrafPAUL A GRAF
PRESIDENT
- Total calculated
- $16,641
- From this org
- $16,641
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7.42
-
Candace S MeyerCANDACE S MEYER
VICE PRESIDENT
- Total calculated
- $1,657
- From this org
- $1,657
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.47
-
John R BieselJOHN R BIESEL
SEC.-TREAS./VICE PRESIDENT
- Total calculated
- $14,992
- From this org
- $14,992
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.06
-
Jeff A MyersJEFF A MYERS
DIRECTOR/SEC.-TREAS.
- Total calculated
- $14,880
- From this org
- $14,880
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.49
-
Joseph W BashamJOSEPH W BASHAM
DIRECTOR
- Total calculated
- $14,279
- From this org
- $14,279
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.71
-
Steven G DieterlenSTEVEN G DIETERLEN
DIRECTOR
- Total calculated
- $12,750
- From this org
- $12,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7.19
-
Mark A HuberMARK A HUBER
DIRECTOR
- Total calculated
- $15,196
- From this org
- $15,196
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.12
-
Amberley KendallAMBERLEY KENDALL
DIRECTOR
- Total calculated
- $9,447
- From this org
- $9,447
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.81
-
David A VinceDAVID A VINCE
GENERAL MANAGER
- Total calculated
- $376,753
- From this org
- $188,552
- From related orgs
- $0
- Other
- $188,201
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $37,980
- Bonus
- $0
- Other
- $150,572
- Deferred
- $184,036
- Nontaxable benefits
- $4,165
- Filer's total
- $376,753
-
Jason ClemmonsJASON CLEMMONS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $354,605
- From this org
- $197,473
- From related orgs
- $0
- Other
- $157,132
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $192,206
- Bonus
- $0
- Other
- $5,267
- Deferred
- $130,435
- Nontaxable benefits
- $26,697
- Filer's total
- $354,605
-
Thera DesmondTHERA DESMOND
ADMIN. ASST./ASST. SECRETARY
- Total calculated
- $138,830
- From this org
- $93,244
- From related orgs
- $0
- Other
- $45,586
- Hours/week
- 40
-
Jeremy R MillerJEREMY R MILLER
MGR. OF FINANCE & ADMIN./ASST. TREASURER
- Total calculated
- $270,514
- From this org
- $172,570
- From related orgs
- $0
- Other
- $97,944
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,240
- Bonus
- $0
- Other
- $9,330
- Deferred
- $71,228
- Nontaxable benefits
- $26,716
- Filer's total
- $270,514
-
David W BartonDAVID W BARTON
MGR. OF OPERATIONS & ENGINEERING
- Total calculated
- $241,627
- From this org
- $201,894
- From related orgs
- $0
- Other
- $39,733
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $158,751
- Bonus
- $0
- Other
- $43,143
- Deferred
- $10,003
- Nontaxable benefits
- $29,730
- Filer's total
- $241,627
-
Kevin KastensmidtKEVIN KASTENSMIDT
MGR. OF INFORMATION TECHNOLOGY
- Total calculated
- $208,251
- From this org
- $138,184
- From related orgs
- $0
- Other
- $70,067
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $137,510
- Bonus
- $0
- Other
- $674
- Deferred
- $43,474
- Nontaxable benefits
- $26,593
- Filer's total
- $208,251
-
Jerry ApplegateJERRY APPLEGATE
WORKING FOREMAN
- Total calculated
- $200,479
- From this org
- $135,677
- From related orgs
- $0
- Other
- $64,802
- Hours/week
- 49
Schedule J breakdown matched by us
- Base
- $133,121
- Bonus
- $0
- Other
- $2,556
- Deferred
- $38,260
- Nontaxable benefits
- $26,542
- Filer's total
- $200,479
-
Kevin Crouse SrKEVIN CROUSE SR
WORKING FOREMAN
- Total calculated
- $222,703
- From this org
- $134,588
- From related orgs
- $0
- Other
- $88,115
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $129,200
- Bonus
- $0
- Other
- $5,388
- Deferred
- $59,244
- Nontaxable benefits
- $28,871
- Filer's total
- $222,703
-
Christopher WoodsCHRISTOPHER WOODS
WORKING FOREMAN
- Total calculated
- $191,546
- From this org
- $131,251
- From related orgs
- $0
- Other
- $60,295
- Hours/week
- 49
Schedule J breakdown matched by us
- Base
- $128,234
- Bonus
- $0
- Other
- $3,017
- Deferred
- $33,943
- Nontaxable benefits
- $26,352
- Filer's total
- $191,546
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 · Independent compensation consultant
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341239349301029
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