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Nonprofiteer
← CULLMAN ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by CULLMAN ELECTRIC COOPERATIVE.

Totals

Total revenue
$150,626,956
Total expenses
$150,626,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$145,166,180
Investment income
$946,749
Other revenue
$4,514,027
Total assets, end of year
$303,612,808
Total liabilities, end of year
$164,823,306
Net assets or fund balances, end of year
$138,789,502
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$139,004,462

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: Service Revenue

    total $134,654,412 · related or exempt $134,654,412

  • 2b · Program service revenue: Broadband

    total $9,273,622 · unrelated business $9,273,622

  • 2c · Program service revenue: Billing Collection

    total $1,238,146 · unrelated business $1,238,146

  • 3 · Investment income

    total $946,749 · excluded $946,749

  • 6a · Gross rents

    real property $2,670,124

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,670,124

  • 6d · Net rental income or loss

    total $2,670,124 · excluded $2,670,124

  • 11a · Other revenue: Miscellaneous Revenue

    total $1,843,903 · related or exempt $1,843,903

  • 11e · Other revenue, total

    $1,843,903

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,615,499

  • 5 · Compensation of officers, directors and key employees

    total $876,869

  • 20 · Interest

    total $4,596,292

  • 22 · Depreciation, depletion and amortization

    total $11,622,494

  • 24a · Other expenses: Cost of Power

    total $93,335,153

  • 24b · Other expenses: Administrative General

    total $9,461,359

  • 24c · Other expenses: Distribution - Maintanc

    total $9,221,239

  • 24d · Other expenses: Taxes

    total $6,227,125

  • 24e · All other expenses

    total $9,670,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,772,967 · end of year $6,750,261

  • 2 · Savings and temporary cash investments

    beginning of year $9,147,774 · end of year $4,712,103

  • 4 · Accounts receivable

    beginning of year $11,210,454 · end of year $12,807,443

  • 7 · Other notes and loans receivable

    beginning of year $1,385,455 · end of year $984,163

  • 8 · Inventories for sale or use

    beginning of year $8,946,071 · end of year $9,496,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,573,473 · end of year $5,738,111

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

    $379,335,854

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

    $116,374,412

  • 10c · Land, buildings and equipment, net

    beginning of year $237,925,276 · end of year $262,961,442

  • 13 · Investments: program-related

    beginning of year $26,205 · end of year $8,821

  • 14 · Intangible assets

    beginning of year $601,077 · end of year $565,248

  • 15 · Other assets

    beginning of year $222,717 · end of year -$411,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,058,536 · end of year $30,294,030

  • 23 · Secured mortgages and notes payable

    beginning of year $114,747,612 · end of year $133,844,918

  • 25 · Other liabilities

    beginning of year $29,554 · end of year $684,358

  • 29 · Capital stock, trust principal or current funds

    beginning of year $186,775 · end of year $189,320

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

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

  • 31 · Retained earnings, endowment or other funds

    beginning of year $132,588,992 · end of year $138,400,182

Mission and programs · 2023

Mission

Cullman Electric Cooperative's mission is to provide electric service to its members located in four North Alabama counties while adhering to the following values: commitment, accountability, reliability, and efficiency.

Activities or mission (Part I)

Cullman Electric Cooperative's mission is to provide electric service to its members.

  • To provide electric service and related services to members.

    Expenses $139,004,462

As filed on the 2023 return.

Listed in Part VII

  • Robert Tidwell

    Chairperson

    Total calculated
    $21,730
    From this org
    $21,730
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Fields

    Vice Chairperson

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Chad Alexander

    Treasurer

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lynda Carter

    Secretary

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sheila Sizemore

    Trustee

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Daryl Calvert

    Trustee

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Phillip Garrison

    Trustee

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lisa Weeks

    Trustee

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Hembree

    Trustee

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Tim Culpepper

    CEO

    Total calculated
    $432,639
    From this org
    $333,157
    From related orgs
    $0
    Other
    $99,482
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $333,157
    Bonus
    $0
    Other
    $0
    Deferred
    $96,374
    Nontaxable benefits
    $3,108
    Filer's total
    $432,639

  • Jerry Weathersby

    CFO

    Total calculated
    $253,460
    From this org
    $223,520
    From related orgs
    $0
    Other
    $29,940
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $223,520
    Bonus
    $0
    Other
    $0
    Deferred
    $27,853
    Nontaxable benefits
    $2,087
    Filer's total
    $253,460

  • Justin Lee

    Manager of Engineering and

    Total calculated
    $204,023
    From this org
    $181,291
    From related orgs
    $0
    Other
    $22,732
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,291
    Bonus
    $0
    Other
    $0
    Deferred
    $20,805
    Nontaxable benefits
    $1,927
    Filer's total
    $204,023

  • Daniel Stricklin

    Manager of Information Ser

    Total calculated
    $217,034
    From this org
    $163,812
    From related orgs
    $0
    Other
    $53,222
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $163,812
    Bonus
    $0
    Other
    $0
    Deferred
    $51,153
    Nontaxable benefits
    $2,069
    Filer's total
    $217,034

  • Wade Yarbrough

    Manager of Operations

    Total calculated
    $259,568
    From this org
    $162,221
    From related orgs
    $0
    Other
    $97,347
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $162,221
    Bonus
    $0
    Other
    $0
    Deferred
    $95,525
    Nontaxable benefits
    $1,822
    Filer's total
    $259,568

  • Ernie Geisen

    Working Foreman

    Total calculated
    $220,177
    From this org
    $170,181
    From related orgs
    $0
    Other
    $49,996
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,181
    Bonus
    $0
    Other
    $0
    Deferred
    $48,662
    Nontaxable benefits
    $1,334
    Filer's total
    $220,177

  • William Steve Link

    Lineman

    Total calculated
    $188,229
    From this org
    $155,050
    From related orgs
    $0
    Other
    $33,179
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $155,050
    Bonus
    $0
    Other
    $0
    Deferred
    $31,776
    Nontaxable benefits
    $1,403
    Filer's total
    $188,229

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 committee
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Operation Round-Up of Cullman and

    501(c)(3) · Education Assistance · AL

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Cooperative Connection LLC

    Internet · AL · income $9,422,346 · assets $5,577,716

    Directly controlled by Cullman Electric Cooperative

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202433119349302768

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