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Nonprofiteer
← PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$30,112,543
Total expenses
$37,082,958
Contributions and grants received
$0
Grants paid
$884
Program service revenue
$29,329,772
Investment income
$592,426
Other revenue
$190,345
Total assets, end of year
$103,357,230
Total liabilities, end of year
$67,499,655
Net assets or fund balances, end of year
$35,857,575
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: RESIDENTIAL

    total $13,034,959 · related or exempt $13,034,959

  • 2b · Program service revenue: PUBLIC AUTHORITIES

    total $9,455,604 · related or exempt $9,455,604

  • 2c · Program service revenue: COMMERCIAL LIGHTING

    total $3,538,943 · related or exempt $3,538,943

  • 2d · Program service revenue: IRRIGATION

    total $1,795,988 · related or exempt $1,795,988

  • 2e · Program service revenue: MISCELLANEOUS SERVICE

    total $1,504,278 · related or exempt $1,504,278

  • 3 · Investment income

    total $592,426 · unrelated business $409,581 · excluded $182,845

  • 6a · Gross rents

    real property $189,576 · personal property $55,228

  • 6b · Less rental expenses

    real property $57,006 · personal property $0

  • 6c · Rental income or loss

    real property $132,570 · personal property $55,228

  • 6d · Net rental income or loss

    total $187,798 · excluded $187,798

  • 11a · Other revenue: REIMBURSEMENTS

    total $2,547 · related or exempt $2,547

  • 11e · Other revenue, total

    $2,547

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $884

  • 4 · Benefits paid to or for members

    total $61,337

  • 5 · Compensation of officers, directors and key employees

    total $1,052,956

  • 20 · Interest

    total $1,749,431

  • 22 · Depreciation, depletion and amortization

    total $3,187,742

  • 24a · Other expenses: COST OF POWER

    total $21,011,042

  • 24b · Other expenses: DISTRIBUTION AND TRANSM

    total $6,148,878

  • 24c · Other expenses: CUSTOMER, ADMINISTRATIO

    total $3,212,862

  • 24d · Other expenses: TAXES

    total $657,826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,846,971 · end of year $1,542,292

  • 2 · Savings and temporary cash investments

    beginning of year $3,094,306 · end of year $3,096,958

  • 4 · Accounts receivable

    beginning of year $2,554,629 · end of year $2,652,953

  • 9 · Prepaid expenses and deferred charges

    beginning of year $548,591 · end of year $196,586

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

    $125,805,354

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

    $56,019,843

  • 10c · Land, buildings and equipment, net

    beginning of year $70,529,561 · end of year $69,785,511

  • 12 · Investments: other securities

    beginning of year $7,809,430 · end of year $8,114,248

  • 15 · Other assets

    beginning of year $17,631,470 · end of year $17,968,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,556,452 · end of year $7,447,488

  • 19 · Deferred revenue

    beginning of year $255,812 · end of year $314,142

  • 23 · Secured mortgages and notes payable

    beginning of year $52,552,296 · end of year $55,315,936

  • 25 · Other liabilities

    beginning of year $4,522,316 · end of year $4,422,089

  • 29 · Capital stock, trust principal or current funds

    beginning of year $33,540 · end of year $33,510

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

    beginning of year $42,094,542 · end of year $35,824,065

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS.

Activities or mission (Part I)

PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS

  • THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2022 THERE WERE 8,176 CUSTOMERS BILLED FOR SERVICE.

As filed on the 2022 return.

Listed in Part VII

  • Tom Hammond

    DIRECTOR

    Total calculated
    $12,971
    From this org
    $12,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dave Roberti

    VICE PRESIDENT

    Total calculated
    $9,391
    From this org
    $9,391
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • David Hansen

    SECRETARY/TREASURER

    Total calculated
    $15,052
    From this org
    $15,052
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Nancy Miller

    DIRECTOR

    Total calculated
    $9,732
    From this org
    $9,732
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Fred Nelson

    PRESIDENT

    Total calculated
    $13,824
    From this org
    $13,824
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Richard Short

    DIRECTOR

    Total calculated
    $8,168
    From this org
    $8,168
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Lawrence Price

    DIRECTOR

    Total calculated
    $11,266
    From this org
    $11,266
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert W Marshall

    CEO / GENERAL MANAGER

    Total calculated
    $614,658
    From this org
    $421,069
    From related orgs
    $0
    Other
    $193,589
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $367,882
    Bonus
    $8,691
    Other
    $44,496
    Deferred
    $155,505
    Nontaxable benefits
    $38,084
    Filer's total
    $614,658

  • William Newberg

    CFO

    Total calculated
    $357,894
    From this org
    $224,368
    From related orgs
    $0
    Other
    $133,526
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $221,600
    Bonus
    $2,768
    Other
    $0
    Deferred
    $97,091
    Nontaxable benefits
    $36,435
    Filer's total
    $357,894

  • Jason Harston

    MANAGER OF ENGINEERING & O

    Total calculated
    $362,479
    From this org
    $236,138
    From related orgs
    $0
    Other
    $126,341
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $208,449
    Bonus
    $1,615
    Other
    $26,074
    Deferred
    $91,736
    Nontaxable benefits
    $34,605
    Filer's total
    $362,479

  • Aaron Whitfield

    TELECOM COO

    Total calculated
    $330,933
    From this org
    $205,877
    From related orgs
    $0
    Other
    $125,056
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $192,872
    Bonus
    $3,691
    Other
    $9,314
    Deferred
    $84,410
    Nontaxable benefits
    $40,646
    Filer's total
    $330,933

  • Scott Welch

    NORTH END DISTRICT MANAGER

    Total calculated
    $286,988
    From this org
    $178,359
    From related orgs
    $0
    Other
    $108,629
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $170,271
    Bonus
    $1,384
    Other
    $6,704
    Deferred
    $73,841
    Nontaxable benefits
    $34,788
    Filer's total
    $286,988

  • Bryan Sherman

    COGEN PLANT OPERATOR

    Total calculated
    $273,323
    From this org
    $193,942
    From related orgs
    $0
    Other
    $79,381
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $190,840
    Bonus
    $461
    Other
    $2,641
    Deferred
    $45,897
    Nontaxable benefits
    $33,484
    Filer's total
    $273,323

  • Darrel Housel

    COGEN PLANT OPERATOR

    Total calculated
    $258,024
    From this org
    $179,579
    From related orgs
    $0
    Other
    $78,445
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $173,355
    Bonus
    $461
    Other
    $5,763
    Deferred
    $44,755
    Nontaxable benefits
    $33,690
    Filer's total
    $258,024

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

  • PLUMAS-SIERRA TELECOMMUNICATIONS

    C · INTERNET ACCESS · CA · 100% owned · share of income $7,734,867 · share of assets $38,089,470

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202313039349301551

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