2024-04-30T12:37:46-07:00 2023-12-31 990 2023-01-01 750628787 UPSHUR-RURAL ELECTRIC COOPERATIVE CORPORATION UPSH 9038432536 PO Box 70 Gilmer TX 75644 Robert Walker CEO 9038432536 2024-04-30 Robert Walker 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Robert A Walker Jr PO Box 70 Gilmer TX 75644 117244271 0 X http://www.urecc.coop X 1937 TX URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 9 9 138 0 0 0 0 0 127930160 115069589 267544 117239 1544058 2045189 129741762 117232017 0 0 4146404 4121373 3242448 4014029 0 0 0 122352910 109096615 129741762 117232017 0 0 262178131 275191438 136156455 146649114 126021676 128542324 URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 0 0 117232017 0 115069589 URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 0 0 0 117232017 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 1 138 1 0 0 0 0 0 115069589 2174682 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Robert A Walker Jr 9038432536 1200 W Tyler St Gilmer TX 75644 Robert A Walker Jr Chief Executive Officer 50 0 X 307740 0 80321 Damon G Means Chief Financial Officer 45 X 151908 0 49875 Melissa D Reeves Chief Business Officer 45 X 156013 0 44508 Billy J Schuler Serviceman 60.26 X 159713 0 40009 Clayton Harris Substation Foreman 59.65 X 157987 0 39400 John Douglas Murphy Chief Operating Officer 45 X 144531 0 50183 Jacob W Fielden Serviceman 59.41 X 143220 0 37937 Dylan Adkinson Supervisor-Purchasing & Warehouse 60.70 X 130987 0 35727 Dakota Dudley Crew Foreman 59.05 X 134146 0 31878 Frankie B King President, Board of Directors 8.4 X X 24000 0 0 Jonathan Hunt Director 9.7 X 22400 0 0 Robert A Branham Vice-President, Board of Directors 5.7 X X 21600 0 0 R Cody Newman Director 9.4 X 19900 0 0 Charles H Whiteside Director 3.7 X 19350 0 0 Samuel Rex Youngblood Assistant Secretary-Treasurer, Board of Directors 2.4 X X 18700 0 0 Henry Jackson Director 3.5 X 18400 0 0 J P Abernathy Director 5.0 X 18000 0 0 Sherry Morgan Secretary-Treasurer, Board of Directors 1.8 X X 17500 0 0 1666095 0 409838 34 0 1 0 Harris Line Service PO Box 7165 Longview TX 75607 ROW Services 3016667 J&L Line Services LLC PO Box 407 Edgewood TX 75117 Powerline Construction 1979406 Northeast Texas Power LTD PO Box 559 Cumby TX 75433 Powerline Construction 1488248 Shelton Energy Solutions LLC 1439 Centre Court Suite 600 Alexandria LA 71301 Powerline Construction 815034 JCL Power LLC 20 Rachal Road Boyce LA 71409 Powerline Construction 701297 9 0 Sale of Electricity to Members 221122 115069589 115069589 0 0 0 0 0 0 115069589 75116 0 0 75116 0 0 0 0 0 0 0 0 0 182032 0 0 0 182032 182032 0 0 182032 0 54377 0 12254 0 42123 42123 42123 0 0 Other Capital Credit & Patronage 221122 1863157 1863157 0 0 0 0 0 0 1863157 117232017 116974869 0 257148 0 0 0 0 0 0 4121373 4121373 2075933 2075933 0 0 0 0 0 0 0 0 0 0 1938096 1938096 0 0 0 0 0 0 0 0 0 0 0 0 0 0 254065 254065 0 0 25200 25200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5306291 5306291 0 0 0 0 0 0 10836735 10836735 0 0 0 0 0 0 Cost of Power 80339445 80339445 0 0 Transmission & Distribution Expense 9597389 9597389 0 0 Consumer Accounts Expense 2042442 2042442 0 0 Administrative & General Expense 157573 157573 0 0 537475 537475 0 0 117232017 117232017 0 0 801262 882908 100000 100000 0 0 15252628 12002956 0 0 0 0 0 0 4036349 3409373 925239 1563026 337668696 120883150 201756943 216785546 0 0 0 0 39288721 40430640 0 0 16989 16989 262178131 275191438 40138418 45760013 0 0 0 0 0 0 0 0 0 0 87293616 92495181 0 0 8724421 8393920 136156455 146649114 X 0 0 0 0 126021676 128542324 126021676 128542324 262178131 275191438 X 0 0 0 0 0 2520648 X 0 1 X 1 0 0 11316 11316 0 5600570 3637756 1962814 0 0 0 0 0 14087789 9165954 4921835 0 317969021 108079440 209889581 216785546 Investment in Associated Organizations-Patronage Capital 38676455 C Investment in Associated Organizations-Memberships, Capital Term Certificates 1754185 C 40430640 0 Obligations under Capital Leases-Noncurrent 828617 Accumulated Operating Provisions-Asset Retirement Obligations 3427130 Consumer Deposits 3533596 Current Maturities Capital Leases 275645 Deferred Credits 328932 8393920 117232017 0 0 0 0 0 117232017 0 0 0 117232017 113110644 0 0 0 0 0 113110644 0 4121373 4121373 117232017 Schedule D, Part XII, Line 4b These are our 2023 margins, which are allocated back to our members. 0 0 0 Robert A Walker Jr Chief Executive Officer 298394 0 9346 0 0 0 63112 0 17209 0 388061 0 0 0 Melissa D Reeves Chief Business Officer 152976 0 3037 0 0 0 33028 0 11480 0 200521 0 0 0 Damon G Means Chief Financial Officer 136755 0 15153 0 0 0 32666 0 17209 0 201783 0 0 0 John Douglas Murphy Chief Operating Officer 136974 0 7557 0 0 0 32974 0 17209 0 194714 0 0 0 Billy J Schuler Serviceman 155131 0 4582 0 0 0 22800 0 17209 0 199722 0 0 0 Clayton Harris Substation Foreman 156059 0 1928 0 0 0 22191 0 17209 0 197387 0 0 0 Jacob W Fielden Serviceman 138709 0 4511 0 0 0 20728 0 17209 0 181157 0 0 0 Dakota Dudley Crew Foreman 132552 0 1594 0 0 0 18331 0 13547 0 166024 0 0 0 Dylan Adkinson Supervisor-Purchasing & Warehouse 126384 0 4603 0 0 0 18518 0 17209 0 166714 0 0 0 Form 990, Part I, Line 14 Yearly margins that are allocated back to our members. Form 990, Part VI, Section A, Line 6 Not-for-Profit organization with members. All members are of the same class. Form 990, Part VI, Section A, Line 7a Members have the right to elect members of the governing body periodically, or as vacancies arise. Form 990, Part VI, Section A, Line 7b Members have the right to approve or ratify decisions of the governing body, such as approving the governing body's election. Form 990, Part VI, Section B, Line 11b The governing body reviews the Form 990 before it is filed. Form 990, Part VI, Section B, Line 12c The governing body reaffirms the policy annually. Form 990, Part VI, Section B, Line 15 The governing body sets the salary of the CEO annually using comparable data. Form 990, Part VI, Section C, Line 19 These documents are available for inspection at the office of the organization. Form 990, Part XI, Line 9 2023 Margins allocated back to our members $4,121,373 less Retirement of Patronage Capital -$1,320,671 less the change in Comprehensive Income as a result of SFAS #106 -$280,054.