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Nonprofiteer
← NINNESCAH RURAL ELECTRIC COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2022

Filed by NINNESCAH RURAL ELECTRIC COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$15,367,017
Total expenses
$15,367,017
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,276,080
Investment income
$82,629
Other revenue
$8,308
Total assets, end of year
$54,260,430
Total liabilities, end of year
$29,904,337
Net assets or fund balances, end of year
$24,356,093
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $15,120,897 · related or exempt $15,120,897

  • 2b · Program service revenue: CAPITAL CREDITS

    total $135,861 · related or exempt $135,861

  • 2c · Program service revenue: MISCELLANEOUS

    total $19,322 · related or exempt $19,322

  • 3 · Investment income

    total $21,739 · excluded $21,739

  • 7a · Gross sales of assets other than inventory

    other assets $60,890

  • 7c · Gain or loss

    other assets $60,890

  • 7d · Net gain or loss

    total $60,890 · related or exempt $60,890

  • 11a · Other revenue: SALES OF MDSE

    total $5,962 · unrelated business $5,962

  • 11b · Other revenue: JOINT POLE ATTACH RENT

    total $1,606 · related or exempt $1,606

  • 11c · Other revenue: NON-UTILITY OP REV

    total $740 · unrelated business $740

  • 11e · Other revenue, total

    $8,308

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,353,362

  • 5 · Compensation of officers, directors and key employees

    total $259,508

  • 7 · Other salaries and wages

    total $667,022

  • 20 · Interest

    total $839,462

  • 22 · Depreciation, depletion and amortization

    total $1,399,125

  • 24a · Other expenses: COST OF POWER

    total $9,225,761

  • 24b · Other expenses: TRNSMSN/DIST EXP-OP&MAINT

    total $1,103,608

  • 24c · Other expenses: ADMIN & GENERAL EXP

    total $395,127

  • 24d · Other expenses: CUSTOMER ACCT/INFO/SALES

    total $111,834

  • 24e · All other expenses

    total $12,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,212 · end of year $343,533

  • 4 · Accounts receivable

    beginning of year $1,051,194 · end of year $1,032,441

  • 8 · Inventories for sale or use

    beginning of year $660,198 · end of year $836,964

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,338 · end of year $146,198

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

    $53,762,757

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

    $6,780,049

  • 10c · Land, buildings and equipment, net

    beginning of year $45,317,463 · end of year $46,982,708

  • 13 · Investments: program-related

    beginning of year $4,881,090 · end of year $4,915,256

  • 15 · Other assets

    beginning of year $3,330 · end of year $3,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,116,677 · end of year $996,213

  • 19 · Deferred revenue

    beginning of year $41,014 · end of year $147,878

  • 23 · Secured mortgages and notes payable

    beginning of year $26,843,955 · end of year $27,755,522

  • 25 · Other liabilities

    beginning of year $991,496 · end of year $1,004,724

  • 29 · Capital stock, trust principal or current funds

    beginning of year $9,410 · end of year $9,480

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

    beginning of year $1,199,610 · end of year $1,297,052

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,042,663 · end of year $23,049,561

Mission and programs · 2022

Mission

PROVIDE RELIABLE ELECTRICITY TO MEMBERS AT THE LOWEST POSSIBLE PRICE.

Activities or mission (Part I)

PROVIDE ELECTRICITY TO OUR MEMBERS.

  • PROVIDE RELIABLE ELECTRICITY TO MEMBERS AT THE LOWEST POSSIBLE PRICE

As filed on the 2022 return.

Listed in Part VII

  • Ronald R Schultz

    PRESIDENT

    Total calculated
    $4,425
    From this org
    $4,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Glen M Honeman

    VICE-PRESIDE

    Total calculated
    $5,498
    From this org
    $5,498
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Paul W Unruh

    SECRETARY

    Total calculated
    $6,535
    From this org
    $6,535
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Edwin D Lenkner

    TREASURER

    Total calculated
    $5,550
    From this org
    $5,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Michael E Christie

    TRUSTEE

    Total calculated
    $5,428
    From this org
    $5,428
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Lori R Jones

    TRUSTEE

    Total calculated
    $8,350
    From this org
    $8,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Ruth Teichman

    TRUSTEE

    Total calculated
    $5,900
    From this org
    $5,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Kenneth E Unruh

    TRUSTEE

    Total calculated
    $5,550
    From this org
    $5,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Bruce E Warren

    TRUSTEE

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Teresa Miller

    GENERAL MANA

    Total calculated
    $204,972
    From this org
    $185,702
    From related orgs
    $0
    Other
    $19,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,702
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,469
    Nontaxable benefits
    $4,801
    Filer's total
    $204,972

  • Shane Campbell

    JOURNEYMAN L

    Total calculated
    $134,493
    From this org
    $114,081
    From related orgs
    $0
    Other
    $20,412
    Hours/week
    40

  • Jeffrey Craft

    JOURNEYMAN L

    Total calculated
    $144,943
    From this org
    $114,296
    From related orgs
    $0
    Other
    $30,647
    Hours/week
    40

  • Robert Lamatsch

    DIR OF OPERA

    Total calculated
    $192,394
    From this org
    $126,473
    From related orgs
    $0
    Other
    $65,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,473
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,713
    Nontaxable benefits
    $20,208
    Filer's total
    $192,394

  • Matthew Riner

    JOURNEYMAN L

    Total calculated
    $195,192
    From this org
    $113,226
    From related orgs
    $0
    Other
    $81,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,226
    Bonus
    not reported
    Other
    not reported
    Deferred
    $61,758
    Nontaxable benefits
    $20,208
    Filer's total
    $195,192

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202322859349301312

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