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Nonprofiteer
← UNITED ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by UNITED ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$31,964,967
Total expenses
$28,712,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,327,901
Investment income
$130,502
Other revenue
$1,506,564
Total assets, end of year
$118,526,442
Total liabilities, end of year
$73,744,981
Net assets or fund balances, end of year
$44,781,461
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: PROVIDE ELECTRICITY TO MEMBERS

    total $30,327,901 · related or exempt $30,327,901

  • 3 · Investment income

    total $124,092 · excluded $124,092

  • 7a · Gross sales of assets other than inventory

    other assets $6,410

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

    other assets $0

  • 7c · Gain or loss

    other assets $6,410

  • 7d · Net gain or loss

    total $6,410 · related or exempt $6,410

  • 11a · Other revenue: CAPITAL CREDITS - ASSOCIATED ORGA

    total $1,489,398 · related or exempt $1,489,398

  • 11b · Other revenue: OTHER

    total $17,166 · related or exempt $17,166

  • 11e · Other revenue, total

    $1,506,564

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,128,567

  • 5 · Compensation of officers, directors and key employees

    total $600,690

  • 12 · Advertising and promotion

    total $29,606

  • 13 · Office expenses

    total $207,086

  • 20 · Interest

    total $2,733,136

  • 22 · Depreciation, depletion and amortization

    total $3,662,378

  • 24a · Other expenses: COST OF POWER - PURCHAS

    total $9,872,454

  • 24b · Other expenses: DISTRIBUTION EXPENSE -

    total $5,706,772

  • 24c · Other expenses: DISTRIBUTION EXPENSE -

    total $1,930,093

  • 24d · Other expenses: G&A MISCELLANEOUS

    total $921,510

  • 24e · All other expenses

    total $1,920,457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,916,132 · end of year $5,797,349

  • 2 · Savings and temporary cash investments

    beginning of year $2,200,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,981,154 · end of year $3,344,874

  • 8 · Inventories for sale or use

    beginning of year $1,109,118 · end of year $1,862,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,012,796 · end of year $787,630

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

    $132,637,765

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

    $39,698,869

  • 10c · Land, buildings and equipment, net

    beginning of year $92,338,764 · end of year $92,938,896

  • 12 · Investments: other securities

    beginning of year $10,235,951 · end of year $11,374,416

  • 15 · Other assets

    beginning of year $2,073,933 · end of year $2,420,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,236,732 · end of year $3,083,590

  • 23 · Secured mortgages and notes payable

    beginning of year $65,330,535 · end of year $65,615,934

  • 25 · Other liabilities

    beginning of year $4,992,651 · end of year $5,045,457

  • 29 · Capital stock, trust principal or current funds

    beginning of year $49,395 · end of year $46,850

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

    beginning of year $3,460,234 · end of year $3,684,092

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,798,301 · end of year $41,050,519

Mission and programs · 2022

Mission

PROVIDING AFFORDABLE ELECTRICITY TO MEMBERS

Activities or mission (Part I)

COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS

  • PROVIDING ELECTRICITY TO MEMBERS

As filed on the 2022 return.

Listed in Part VII

  • Stephen A Marshall

    CHAIRMAN OF THE BOARD

    Total calculated
    $18,300
    From this org
    $18,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Timothy D Burkett

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $15,800
    From this org
    $15,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Arden E Owens

    DIRECTOR

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Shanelle Hawk

    DIRECTOR

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Eileen Pisaneschi

    SECRETARY/TREASURER

    Total calculated
    $15,300
    From this org
    $15,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Richard Petrosky

    DIRECTOR

    Total calculated
    $18,800
    From this org
    $18,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • David W Walker

    DIRECTOR

    Total calculated
    $14,600
    From this org
    $14,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brenda Swartzlander

    PRESIDENT & CEO

    Total calculated
    $280,908
    From this org
    $200,457
    From related orgs
    $0
    Other
    $80,451
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $200,457
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $80,451
    Filer's total
    $280,908

  • Len Hawkins

    FINANCE & ACCOUNTING MGR

    Total calculated
    $197,482
    From this org
    $131,909
    From related orgs
    $0
    Other
    $65,573
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,909
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $65,573
    Filer's total
    $197,482

  • Daniel Marshall

    LINEMAN

    Total calculated
    $176,365
    From this org
    $132,053
    From related orgs
    $0
    Other
    $44,312
    Hours/week
    49.83

    Schedule J breakdown matched by us

    Base
    $132,053
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,312
    Filer's total
    $176,365

  • Shane P Farrell

    LINE SUPERINTENDENT

    Total calculated
    $199,476
    From this org
    $135,955
    From related orgs
    $0
    Other
    $63,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,955
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $63,521
    Filer's total
    $199,476

  • Seth Enterline

    LINEMAN

    Total calculated
    $175,962
    From this org
    $131,611
    From related orgs
    $0
    Other
    $44,351
    Hours/week
    50.14

    Schedule J breakdown matched by us

    Base
    $131,611
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,351
    Filer's total
    $175,962

  • Carl Yebernetsky

    LINEMAN

    Total calculated
    $179,299
    From this org
    $140,311
    From related orgs
    $0
    Other
    $38,988
    Hours/week
    51.08

    Schedule J breakdown matched by us

    Base
    $140,311
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,988
    Filer's total
    $179,299

  • Edward D Wheeler

    LINEMAN

    Total calculated
    $181,842
    From this org
    $136,510
    From related orgs
    $0
    Other
    $45,332
    Hours/week
    51.12

    Schedule J breakdown matched by us

    Base
    $136,510
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $45,332
    Filer's total
    $181,842

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 · 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • SERVICE TECHNOLOGY AND RESOURCES CORPORATION (STARcorp)

    C · PROVIDING UTLITY & NON-UTILITY SERVICE TO ELECTRIC COOPERATIVES · PA · 50% owned

    Directly controlled by UNITED ELECTRIC COOPERATIVE INC

  • UNITED PROPANE SERVICES INC

    C · NO ACTIVITY - COMPANY IS INACTIVE · PA · 100% owned

    Directly controlled by UNITED ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202341319349302909

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