WHARTON COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
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- Organization
- WHARTON COUNTY ELECTRIC COOPERATIVE INC (EIN 74-0981915)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-11
- IRS object ID
- 202433169349300843
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-11T08:13:48-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740981915 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHARTON COUNTY ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WHAR | BusinessNameControlTxt |
| Phone | 9795436271 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | EL CAMPO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77437 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY RAYBON | PersonNm |
| Person Title | GENERAL MANAGER & CEO | PersonTitleTxt |
| Phone | 9795436271 | PhoneNum |
| Signature | 2024-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2024-11-07 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY RAYBON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | EL CAMPO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77437 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,551,860 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.WCECNET.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 40 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $411,562 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $148,215 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $27,304,011 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $28,300,389 | CYProgramServiceRevenueAmt |
| PY Investment Income | $884,127 | PYInvestmentIncomeAmt |
| CY Investment Income | $37,227 | CYInvestmentIncomeAmt |
| PY Other Revenue | $504,013 | PYOtherRevenueAmt |
| CY Other Revenue | $72,726 | CYOtherRevenueAmt |
| PY Total Revenue | $28,692,151 | PYTotalRevenueAmt |
| CY Total Revenue | $28,410,342 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,272 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,700,413 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,072,909 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,600,780 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,883,917 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $25,390,958 | PYOtherExpensesAmt |
| CY Other Expenses | $22,441,244 | CYOtherExpensesAmt |
| PY Total Expenses | $28,692,151 | PYTotalExpensesAmt |
| CY Total Expenses | $28,410,342 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $86,677,432 | TotalAssetsBOYAmt |
| Total Assets EOY | $82,477,702 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $39,878,766 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $40,013,155 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $46,798,666 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $42,464,547 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ECONOMICAL AND RELIABLE ELECTRIC ENERGY SERVICE TO OUR MEMBERS AND TO PROVIDE PRODUCTS, SERVICES, AND LEADERSHIP THAT WILL HAVE A POSITIVE INFLUENCE ON THE ECONOMY OF THE AREA WE SERVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 6,578 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 40 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $27,236,731 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $875,693 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARY RAYBON CEO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9795436271 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | EL CAMPO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77437 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JOHN ROACH | |||||||
| PRESIDENT | 20.00 | Yes (X) | Yes (X) | $10,200 | $0 | $0 | |
| JIM W HARTON | |||||||
| VICE PRESIDENT | 20.00 | Yes (X) | Yes (X) | $8,575 | $0 | $0 | |
| GUS WESSELS JR | |||||||
| SECRETARY/TREASURER | 5.00 | Yes (X) | Yes (X) | $5,700 | $0 | $0 | |
| PATRICK KUBALA | |||||||
| ASST. SECRETARY/TREASURER | 5.00 | Yes (X) | Yes (X) | $8,600 | $0 | $0 | |
| TRACY FLOYD | |||||||
| DIRECTOR | 5.00 | Yes (X) | $9,200 | $0 | $0 | ||
| JUDY PETER | |||||||
| DIRECTOR | 5.50 | Yes (X) | $7,400 | $0 | $0 | ||
| MATT LUTRINGER | |||||||
| DIRECTOR | 6.00 | Yes (X) | $9,300 | $0 | $0 | ||
| SAMUEL CRAIG HARDIN | |||||||
| DIRECTOR | 20.00 | Yes (X) | $7,300 | $0 | $0 | ||
| GEORGE DORNAK | |||||||
| DIRECTOR (JUNE-DEC) | 6.00 | Yes (X) | $5,800 | $0 | $0 | ||
| NANCY PFEIL | |||||||
| DIRECTOR (JAN-JUNE) | 4.00 | Yes (X) | $2,700 | $0 | $0 | ||
| GARY RAYBON | |||||||
| GM/CEO | 60.00 | Yes (X) | $210,322 | $0 | $166,607 | ||
| PATRICIA METTING | |||||||
| MANAGER OF ACCOUNTING | 40.00 | Yes (X) | $109,050 | $0 | $68,439 | ||
| RICHARD ARNETT | |||||||
| ENGINEERING SUPERINTENDENT | 50.00 | $109,724 | $0 | $81,819 | Yes (X) | ||
| MARY ARRENDONDO | |||||||
| MANAGER CSR | 50.00 | $113,159 | $0 | $18,179 | Yes (X) | ||
| KEITH BEAL | |||||||
| IT/METER MANAGER | 50.00 | $146,748 | $0 | $68,580 | Yes (X) | ||
| TIMOTHY BOHUSLAR | |||||||
| FOREMAN | 45.00 | $103,281 | $0 | $42,007 | Yes (X) | ||
| CHRIS CAVNESS | |||||||
| LINE SUPERINTENDENT | 50.00 | $121,003 | $0 | $51,089 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $988,062 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $496,720 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SENDERO POWER LINE CONSTRUCTION | |||||
| 314 LONESTAR ROAD | VICTORIA | TX | 77905 | CONSTRUCTION | $1,112,903 |
| EXO | |||||
| 32626 DECKER PRAIRIE RD S 5 | MAGNOLIA | TX | 77355 | POLE INSPECTION | $220,940 |
| HUBENAK INC | |||||
| PO BOX 1651 | EL CAMPO | TX | 77437 | TREE TRIMMING | $125,860 |
| NATIONAL INFORMATION SOLUTIONS COOP | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | SOFTWARE SUPPORT | $115,747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $25,664,221 | $25,664,221 | |
| PATRONAGE DIVIDENDS | 221000 | $2,081,775 | $2,081,775 | |
| INTERNET REVENUE | 517000 | $403,640 | $403,640 | |
| SERVICE FEES | 221000 | $123,948 | $123,948 | |
| OTHER PROGRAM REVENUE | 221000 | $26,805 | $26,805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $28,300,389 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,227 | TotalRevenueColumnAmt |
| Exclusion | $37,227 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $190,572 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $141,518 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,054 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $41,132 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $7,922 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | POLE ATTACHMENT INCOME | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $23,672 | TotalRevenueColumnAmt |
| Exclusion | $23,672 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $23,672 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,410,342 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,937,881 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $411,562 | UnrelatedBusinessRevenueAmt |
| Exclusion | $60,899 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,272 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,072,909 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $629,193 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,521,311 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,065 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,871 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,477 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,791,815 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,867,601 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $17,803,136 |
| DISTRIBUTION EXPENSE | $537,789 |
| ADMIN & GENERAL EXPENSE | $405,903 |
| UNRELATED BUSINESS INCO | $35,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,410,342 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,042,037 | BOYAmt |
| EOY | $490,245 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,991,060 | BOYAmt |
| EOY | $1,662,129 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,752 | BOYAmt |
| EOY | $22,166 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,471 | BOYAmt |
| EOY | $1,025,779 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $65,595,105 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,854,849 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,767,010 | BOYAmt |
| EOY | $54,740,256 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,495,102 | BOYAmt |
| EOY | $24,366,797 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $170,330 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,677,432 | BOYAmt |
| EOY | $82,477,702 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,436,077 | BOYAmt |
| EOY | $1,636,885 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,014,617 | BOYAmt |
| EOY | $37,270,700 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $200,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $428,072 | BOYAmt |
| EOY | $905,570 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,878,766 | BOYAmt |
| EOY | $40,013,155 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,200 | BOYAmt |
| EOY | $21,275 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,777,466 | BOYAmt |
| EOY | $42,443,272 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,798,666 | BOYAmt |
| EOY | $42,464,547 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,677,432 | BOYAmt |
| EOY | $82,477,702 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$7,412,391 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $3,078,272 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,789 | OtherCostOrOtherBasisAmt |
| Book Value | $33,789 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,530,965 | OtherCostOrOtherBasisAmt |
| Depreciation | $839,049 | DepreciationAmt |
| Book Value | $691,916 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $62,990,251 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,015,800 | DepreciationAmt |
| Book Value | $52,974,451 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,040,100 | OtherCostOrOtherBasisAmt |
| Book Value | $1,040,100 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $54,740,256 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - CFC | $910,969 | C |
| PATRONAGE CAPITAL - TEC | $564,627 | C |
| PATRONAGE CAPITAL - STEC | $21,820,792 | C |
| PATRONAGE CAPITAL - COBANK | $392,614 | C |
| CAPITAL TERM CERTIFICATES | $498,160 | C |
| MEMBERSHIPS | $2,000 | C |
| OTHER INVESTMENTS | $177,635 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $24,366,797 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED OPERATING TAXES AND FEES | $267,563 |
| ACCRUED INTEREST | $191,786 |
| DEFERRED CREDITS | $446,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $905,570 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $28,391,041 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,391,041 | RevenueSubtotalAmt |
| Other Revenues Not Included | $19,301 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $19,301 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $28,410,342 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $25,318,132 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,318,132 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,092,210 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,092,210 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $28,410,342 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASSIFICATION OF INTERNET EXPENSES TO PART IX 19,301. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 3,072,909. RECLASSIFICATION OF INTERNET EXPENSES TO PART IX 19,301. |
| PART IX: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHARTON COUNTY YOUTH FAIR AND EXPO | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6036 FM 961 RD | AddressLine1Txt |
| City | WHARTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77488 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 741850446 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | MATCHING CONTRIBUTION FOR 2023 | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GARY RAYBON | ||||||||||||||
| GM/CEO | $203,547 | $0 | $2,572 | $0 | $4,203 | $0 | $140,209 | $0 | $26,398 | $0 | $376,929 | $0 | $0 | $0 |
| KEITH BEAL | ||||||||||||||
| IT/METER MANAGER | $143,453 | $0 | $2,214 | $0 | $1,081 | $0 | $44,422 | $0 | $24,158 | $0 | $215,328 | $0 | $0 | $0 |
| RICHARD ARNETT | ||||||||||||||
| ENGINEERING SUPERINTENDENT | $104,895 | $0 | $2,030 | $0 | $2,799 | $0 | $67,412 | $0 | $14,407 | $0 | $191,543 | $0 | $0 | $0 |
| PATRICIA METTING | ||||||||||||||
| MANAGER OF ACCOUNTING | $102,281 | $0 | $2,072 | $0 | $4,697 | $0 | $53,236 | $0 | $15,203 | $0 | $177,489 | $0 | $0 | $0 |
| CHRIS CAVNESS | ||||||||||||||
| LINE SUPERINTENDENT | $116,909 | $0 | $2,033 | $0 | $2,061 | $0 | $29,080 | $0 | $22,009 | $0 | $172,092 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE COOPERATIVE WILL REIMBURSE DIRECTORS AND EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. FIVE INDIVIDUALS REPORTED ON FORM 990 PART VII, DIRECTORS ROACH, HARTON, FLOYD, HARDIN, AND DORNAK, RECEIVED THIS BENEFIT DURING THE YEAR. |
| PART II, COLUMN C: | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. GARY RAYBON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 132,670 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,539 TOTAL REPORTED IN COLUMN C $ 140,209 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (132,670) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 55,131 EXPENSE TO THE COOPERATIVE $ 62,670 KEITH BEAL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 39,090 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,332 TOTAL REPORTED IN COLUMN C $ 44,422 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (39,090) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,811 EXPENSE TO THE COOPERATIVE $ 45,143 RICHARD ARNETT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 63,734 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,678 TOTAL REPORTED IN COLUMN C $ 67,412 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (63,734) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,615 EXPENSE TO THE COOPERATIVE $ 30,293 PATRICIA METTING: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 49,614 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,622 TOTAL REPORTED IN COLUMN C $ 53,236 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (49,614) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,839 EXPENSE TO THE COOPERATIVE $ 29,461 CHRIS CAVNESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,686 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,394 TOTAL REPORTED IN COLUMN C $ 29,080 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (26,686) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,605 EXPENSE TO THE COOPERATIVE $ 32,999 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (16 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE COOPERATIVE HAS 9 BOARD MEMBERS; ALL 9 ARE ALLOWED TO VOTE, HOWEVER THE BOARD PRESIDENT VOTES ONLY IN THE CASE OF A TIE. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE III - DIRECTORS SECTION 2. QUALIFICATIONS AND TENUE, WAS AMENDED TO STATE "AT EACH ANNUAL MEMBERS' MEETING, ONE DIRECTOR SHALL BE ELECTED FROM EACH OF THREE (3) DISTRICTS IN WHICH THE TERM OF DIRECTOR FOR SUCH DISTRICT THAT YEAR EXPIRES. SUCH DISTRICTS SHALL BE DETERMINED AND DEFINED BY THE BOARD OF DIRECTORS PRIOR TO THE SELECTION OF A NOMINATING COMMITTEE EACH DIRECTOR ELECTED AT ANY ANNUAL MEETING, SHALL SERVE FOR A TERM OF THREE (3) YEARS, OR UNTIL HIS OFFICE IS DECLARED VACANT AS PROVIDED BY THESE BYLAWS. NO MEMBER SHALL BE ELIGIBLE TO BECOME OR REMAIN A DIRECTOR OR TO HOLD ANY POSITION OF TRUST IN THE COOPERATIVE WHO: - IS NOT A BONA FIDE RESIDENT IN THE TERRITORY WHICH THEY ARE TO REPRESENT, OR - IS IN ANY WAY EMPLOYED BY OR FINANCIALLY INTERESTED IN AN ENTERPRISE OR BUSINESS SELLING ELECTRIC ENERGY OR SUPPLIES, OR - IS A RELATIVE, SPOUSE (OR INDIVIDUALS LIVING TOGETHER IN CONJUGAL RELATIONSHIPS), PARENT, STEPPARENT, OR PARENTS-IN-LAW; CHILDREN BY BLOOD OR ADOPTION; HALF OR FULL BROTHERS AND SISTERS, BY BLOOD, STEP, OR IN-LAW RELATIONSHIP; AUNTS, UNCLES, NIECES OR NEPHEWS, BY BLOOD OR IN-LAW RELATIONSHIP; GRANDPARENTS OR GRANDCHILDREN, BY BLOOD OR IN-LAW RELATIONSHIP; AND ANY OTHER PERSON WHO IS BY BLOOD, ADOPTION, OR OTHERWISE KIN TO AND/OR A MEMBER OF THE HOUSEHOLD OF A WCEC DIRECTOR OR EMPLOYEE, OR - HAS BEEN OR HAS A RELATIVE (AS DESCRIBED ABOVE) WHO WAS EMPLOYED BY OR FINANCIALLY INTERESTED IN AN ENTERPRISE OR BUSINESS SELLING ELECTRIC ENERGY OR SUPPLIES WITHIN 60 MONTHS PRIOR TO BEING NOMINATED TO RUN FOR THE BOARD OF DIRECTORS. - NO PERSON SHALL TAKE OR HOLD OFFICE AS A DIRECTOR WHO IS AN ELECTED OFFICIAL TO WHOM A SALARY IS PAID. WHEN A MEMBERSHIP IS HELD JOINTLY, A HUSBAND AND WIFE, EITHER ONE, BUT NOT BOTH, MAY BE ELECTED A DIRECTOR PROVIDED, HOWEVER, THAT NEITHER ONE SHALL BE ELIGIBLE TO BECOME OR REMAIN A DIRECTOR NOR TO HOLD A POSITION OF TRUST IN THE COOPERATIVE UNLESS BOTH SHALL MEET THE QUALIFICATIONS HEREINAFTER SET FORTH. NOTHING IN THIS SECTION CONTAINED SHALL OR SHALL BE CONSTRUCTED TO AFFECT IN ANY MANNER WHATSOEVER THE VALIDITY OF ANY ACTION TAKEN AT ANY MEETING OF THE BOARD OF DIRECTORS. NO DIRECTOR FROM ANY DISTRICT SHALL SERVE CONTINUALLY IN EXCESS OF TWELVE YEARS, OR FOUR SUCCESSIVE TERMS OF THREE YEARS EACH. AFTER BEING OUT OF OFFICE FOR ONE TERM OR THREE YEARS, A MEMBER WHO HAS SERVED ONE, TWO, THREE, OR FOUR TERMS MAY BE ELECTED AGAIN." A COMPLETE COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: HTTPS://WWW.MYWCEC.COOP. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | IN ADDITION TO BOARD OF DIRECTOR ELECTIONS, THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. AMENDMENT TO THE ARTICLES OF INCORPORATION 2. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 3. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 4. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, THE COOPERATIVE WILL REQUIRE THE BOARD OF DIRECTORS AND OFFICERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS USE THE EXPERTISE OF A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVE'S IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN TEXAS. THE BOARD AND THE GENERAL MANAGER USE THE EXPERTISE OF A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE ANNUAL REPORT AND BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX: | ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITIES SERVICE (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 2,150,504 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-MISC (74,775) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (235,046) PLUS: SALARIES AND WAGES ALLOCATED TO PURCHASED POWER 181,803 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 990,294 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 52,389 TOTAL WAGES ACCRUED AND/OR PAID $ 3,065,169 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 882,265 OFFICE SUPPLIES 90,971 OUTSIDE SERVICES 62,662 INSURANCES AND DAMAGES 37,155 DUPLICATE CHARGES (CREDIT) (16,094) REGULATORY COMMISSION 80,617 MISCELLANEOUS GENERAL 630 DIRECTORS 128,636 DUES AND SUBSCRIPTIONS 37,506 ANNUAL MEETING 48,855 MAINTENANCE OF GENERAL PLANT 77,635 ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 1,430,838 CUSTOMER ACCOUNTS PER FINANCIAL STATEMENTS $ 219,035 CUSTOMER SERVICE AND INFORMATION PER FINANCIAL STATEMENTS 81,588 SALES PER FINANCIAL STATEMENTS 344,692 TOTAL ADMIN & GENERAL AND OTHER EXPENSES PER FINANCIAL STATEMENTS $ 2,076,153 PLUS: RECLASS OF INTERNET EXPENSES FROM NON-OPERATING REVENUE 19,301 LESS: RECLASS OF UBIT TO FORM 990, LINE 24D (35,000) LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (12,272) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (74,775) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,027,104) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (540,400) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 405,903 |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ASSIGNABLE 3,072,909. NET CHANGE IN MEMBERSHIPS 75. DONATED CAPITAL 5,288. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WCEC CHARITABLE FUND INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | EL CAMPO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77437 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460501565 | EIN |
| Primary Activities | UTILITY BILL ASSISTANCE | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | TX | LegalDomicileForeignCountryCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHARTON COUNTY ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHIRLEY STUBBS FEINSTEIN ENDOWMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1815 EAST JACKSON ST | AddressLine1Txt |
| City | EL CAMPO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77488 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 844782438 | EIN |
| Primary Activities | PROVIDE SCHOLARSHIPS TO FAMILY OF WHARTON COUNTY EC EMPLOYEES | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHARTON COUNTY ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|
| WCEC CHARITABLE FUND INC | |
| N | N/A - LESS THAN $50,000 |
| WCEC CHARITABLE FUND INC | |
| O | N/A - LESS THAN $50,000 |