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Nonprofiteer
← K C ELECTRIC ASSOCIATION

Form 990 for tax year 2022

Filed by K C ELECTRIC ASSOCIATION.

Totals

Total revenue
$28,375,807
Total expenses
$28,375,807
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,288,829
Investment income
$80,246
Other revenue
$6,732
Total assets, end of year
$63,987,749
Total liabilities, end of year
$20,895,291
Net assets or fund balances, end of year
$43,092,458
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: ELECTRIC REVENUE

    total $28,077,470 · related or exempt $28,077,470

  • 2b · Program service revenue: CAPITAL CREDITS

    total $111,796 · related or exempt $111,796

  • 2c · Program service revenue: OTHER OPERATING REVENUE

    total $99,563 · related or exempt $99,563

  • 3 · Investment income

    total $81,728 · excluded $81,728

  • 6a · Gross rents

    personal property $7,654

  • 6c · Rental income or loss

    personal property $7,654

  • 6d · Net rental income or loss

    total $7,654 · excluded $7,654

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

    other assets $1,482

  • 7c · Gain or loss

    other assets -$1,482

  • 7d · Net gain or loss

    total -$1,482 · related or exempt -$1,482

  • 11a · Other revenue: MISCELLANEOUS

    total -$922 · related or exempt -$922

  • 11e · Other revenue, total

    -$922

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,451,249

  • 5 · Compensation of officers, directors and key employees

    total $708,386

  • 7 · Other salaries and wages

    total $637,656

  • 20 · Interest

    total $358,307

  • 22 · Depreciation, depletion and amortization

    total $1,594,030

  • 24a · Other expenses: COST OF POWER

    total $19,480,668

  • 24b · Other expenses: DISTRIBUTION

    total $1,952,416

  • 24c · Other expenses: ADMIN & GENERAL

    total $844,866

  • 24d · Other expenses: CONSUMER

    total $348,229

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,628,189 · end of year $3,354,134

  • 2 · Savings and temporary cash investments

    beginning of year $1,829,487 · end of year $6,877,628

  • 4 · Accounts receivable

    beginning of year $1,583,083 · end of year $1,638,313

  • 8 · Inventories for sale or use

    beginning of year $630,149 · end of year $774,726

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,111,240 · end of year $657,648

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

    $57,800,334

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

    $27,899,611

  • 10c · Land, buildings and equipment, net

    beginning of year $28,902,439 · end of year $29,900,723

  • 13 · Investments: program-related

    beginning of year $20,983,110 · end of year $20,784,577

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,688,427 · end of year $1,758,165

  • 19 · Deferred revenue

    beginning of year $2,817,028 · end of year $3,642,000

  • 23 · Secured mortgages and notes payable

    beginning of year $12,302,127 · end of year $15,495,126

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

    beginning of year $3,871,184 · end of year $3,997,102

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,988,931 · end of year $39,095,356

Mission and programs · 2022

Mission

TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.

  • KCEA SOLD 241,311,353 KWH'S TO OUR 6,607 METERS ORVER 3,049 MILES OF LINE IN 3 COUNTIES (CHEYENNE, KIT CARSON AND LINCOLN) OF EASTERN COLORADO.

As filed on the 2022 return.

Listed in Part VII

  • David Churchwell

    GENERAL MANA

    Total calculated
    $415,447
    From this org
    $252,984
    From related orgs
    $0
    Other
    $162,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,984
    Bonus
    not reported
    Other
    not reported
    Deferred
    $143,704
    Nontaxable benefits
    $18,759
    Filer's total
    $415,447

  • Paul Norris

    OPERATIONS M

    Total calculated
    $265,857
    From this org
    $154,625
    From related orgs
    $0
    Other
    $111,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,625
    Bonus
    not reported
    Other
    not reported
    Deferred
    $92,473
    Nontaxable benefits
    $18,759
    Filer's total
    $265,857

  • George Unruh

    FOREMAN LINE

    Total calculated
    $201,515
    From this org
    $119,605
    From related orgs
    $0
    Other
    $81,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,605
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,112
    Nontaxable benefits
    $21,798
    Filer's total
    $201,515

  • Bo Randolph

    CFO

    Total calculated
    $180,139
    From this org
    $133,976
    From related orgs
    $0
    Other
    $46,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,976
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,404
    Nontaxable benefits
    $18,759
    Filer's total
    $180,139

  • Christopher Notter

    FOREMAN LINE

    Total calculated
    $170,284
    From this org
    $114,298
    From related orgs
    $0
    Other
    $55,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,298
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,227
    Nontaxable benefits
    $18,759
    Filer's total
    $170,284

  • Kevin Penny

    PRESIDENT

    Total calculated
    $14,850
    From this org
    $14,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.6

  • Jerry Allen

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • G Wayne Parrish

    DIRECTOR

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Eric Poss

    DIRECTOR

    Total calculated
    $12,200
    From this org
    $12,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Robert Bledsoe

    DIRECTOR

    Total calculated
    $12,150
    From this org
    $12,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4

  • James Michal

    DIRECTOR

    Total calculated
    $12,150
    From this org
    $12,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Ritchey

    DIRECTOR

    Total calculated
    $12,150
    From this org
    $12,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Terry Tagtmeyer

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Daniel Mills

    DIRECTOR

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.7

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
25 July 2023
IRS schema version
2022v5.0
Source object
202302139349301765

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