PEA RIVER ELECTRIC COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PEA RIVER ELECTRIC COOPERATIVE (EIN 63-0161119)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202443189349308439
- Schema version
- 2023v5.0
- 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 | 2024-11-13T15:52:15-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631059654 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRUENLOH HARDY & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 895 | AddressLine1Txt |
| City | ROBERTSDALE | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36567 | 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 | 630161119 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEA RIVER ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PEAR | BusinessNameControlTxt |
| Phone | 3347742545 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 969 | AddressLine1Txt |
| City | OZARK | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36361 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY M HODGES | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 3347742545 | PhoneNum |
| Signature | 2024-11-01 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | COLLENA MATZ CPA | PreparerPersonNm |
| PTIN | P01417735 | PTIN |
| Phone | 2519471040 | PhoneNum |
| Preparation | 2024-10-28 | 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 | JEFFREY M HODGES | PrincipalOfficerNm |
| Gross Receipts | $51,841,849 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PEARIVER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Activity Or Mission | TO PROVIDE THE BEST VALUE IN QUALITY ELECTRIC AND RELATED SERVICES IN SOUTHEAST ALABAMA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 81 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $47,326,490 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $50,979,438 | CYProgramServiceRevenueAmt |
| PY Investment Income | $349,064 | PYInvestmentIncomeAmt |
| CY Investment Income | $525,670 | CYInvestmentIncomeAmt |
| PY Other Revenue | $852,353 | PYOtherRevenueAmt |
| CY Other Revenue | $336,741 | CYOtherRevenueAmt |
| PY Total Revenue | $48,527,907 | PYTotalRevenueAmt |
| CY Total Revenue | $51,841,849 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,144,186 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,218,430 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,138,222 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,202,893 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $44,744,625 | PYOtherExpensesAmt |
| CY Other Expenses | $47,823,900 | CYOtherExpensesAmt |
| PY Total Expenses | $48,027,033 | PYTotalExpensesAmt |
| CY Total Expenses | $50,245,223 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $500,874 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,596,626 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $131,213,257 | TotalAssetsBOYAmt |
| Total Assets EOY | $148,492,008 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $64,748,396 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $79,311,974 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $66,464,861 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,180,034 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE THE BEST VALUE IN QUALITY ELECTRIC AND RELATED SERVICES IN SOUTHEAST ALABAMA. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | UTILIZING APPROXIMATELY 3,204 MILES OF DISTRIBUTION LINES, PEA RIVER ELECTRIC COOPERATIVE, INC. SOLD 312,024,192 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE COOPERATIVE PROVIDED ELECTRIC SERVICE TO 14,285 MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 81 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $50,879,316 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,487,026 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | 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 | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY M HODGES | PersonNm |
| Phone | 3347742545 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1311 WEST ROY PARKER ROAD | AddressLine1Txt |
| City | OZARK | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36361 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| JEFFREY M HODGES | |||||||
| CEO | 60.00 | Yes (X) | $197,892 | $0 | $75,859 | ||
| EUGENE JACKSON | |||||||
| ENGINEER | 50.00 | $174,282 | $0 | $65,400 | Yes (X) | ||
| SCOTTY BAREFOOT | |||||||
| OPPERATIONS | 50.00 | $161,126 | $0 | $64,749 | Yes (X) | ||
| TERRY CHANCEY | |||||||
| CONSTRUCTION | 47.00 | $130,430 | $0 | $90,594 | Yes (X) | ||
| BRIAN WHATLEY | |||||||
| VP OPERATION | 45.00 | $123,328 | $0 | $80,252 | Yes (X) | ||
| RUSTIN CLARK | |||||||
| CONSTRUCTION | 47.00 | $123,408 | $0 | $53,139 | Yes (X) | ||
| CHELSEY POLUMBO | |||||||
| CFO | 42.00 | Yes (X) | $98,427 | $0 | $24,286 | ||
| BILLY W DANZEY | |||||||
| TRUSTEE | 10.00 | $34,740 | $0 | $0 | Yes (X) | ||
| LARRY L GRANTHAM | |||||||
| TRUSTEE | 9.00 | $12,900 | $0 | $20,801 | Yes (X) | ||
| LOWELL BRISTOW | |||||||
| TRUSTEE | 8.00 | $11,400 | $0 | $20,990 | Yes (X) | ||
| JACK EDWIN JONES JR | |||||||
| TRUSTEE | 8.00 | $31,440 | $0 | $0 | Yes (X) | ||
| MICHAEL STARLING | |||||||
| TRUSTEE | 8.00 | $11,400 | $0 | $19,838 | Yes (X) | ||
| BRAXTON GREEN | |||||||
| VICE PRESIDE | 7.00 | Yes (X) | $30,640 | $0 | $0 | Yes (X) | |
| LEE T PETERS | |||||||
| PRESIDENT | 6.00 | Yes (X) | $29,140 | $0 | $0 | Yes (X) | |
| WILLIAM H STRICKLAND | |||||||
| SECRETARY | 5.00 | Yes (X) | $27,240 | $0 | $0 | Yes (X) | |
| JAMES E MILLER | |||||||
| TRUSTEE | 4.00 | $5,100 | $0 | $20,915 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,202,893 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $536,823 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FIBERRISE COMMUNICATIONS LLC | |||||
| 8000 RIDEOUT RD | HUNTSVILLE | AL | 35808 | CONSULTING | $6,599,530 |
| BROADBAND TECHNICAL RESOURCE | |||||
| 152 MOLLY WALTON DR | HENDERSONVILLE | TN | 37075 | CONSULTING | $3,453,198 |
| HTC | |||||
| PO BOX 1007 | ANDALUSIA | AL | 36420 | ROW CLEARING | $1,729,920 |
| SOUTHERN STATES UTILITY INC | |||||
| 710 WATER OAK LANE | TALLADEGA | AL | 35160 | POLE REPAIR | $1,501,894 |
| KINGS TABLE POWERLINE SERV INC | |||||
| PO BOX 425 | ARITON | AL | 36311 | CONSTRUCTION | $483,880 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALES OF ELECTRICITY | Desc |
| Total Revenue Column | $50,979,438 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,979,438 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $50,979,438 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $525,670 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $525,670 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| CAPITAL CREDITS | $777,796 | $777,796 |
| OTHER | $83,438 | $83,438 |
| E.I.92-2353908 | -$524,493 | -$524,493 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $336,741 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,841,849 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,841,849 | RelatedOrExemptFuncIncomeAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,218,430 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $490,319 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $712,574 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,653,951 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $28,148,193 |
| DISTRIBUTION EXP - MAINT | $6,270,016 |
| DEPRECIATION | $4,412,371 |
| ADMINISTRATIVE & GENERAL | $1,879,029 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,460,340 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,245,223 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,072,759 | BOYAmt |
| EOY | $1,899,923 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,900,000 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,458,208 | BOYAmt |
| EOY | $5,398,063 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,735 | BOYAmt |
| EOY | $108,496 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,010,820 | BOYAmt |
| EOY | $2,971,031 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,128 | BOYAmt |
| EOY | $337,411 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $167,433,523 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $51,917,517 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,340,744 | BOYAmt |
| EOY | $115,516,006 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,625,863 | BOYAmt |
| EOY | $21,261,078 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,213,257 | BOYAmt |
| EOY | $148,492,008 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,929,549 | BOYAmt |
| EOY | $6,981,405 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,133,160 | BOYAmt |
| EOY | $68,043,769 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,685,687 | BOYAmt |
| EOY | $4,286,800 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,748,396 | BOYAmt |
| EOY | $79,311,974 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,038 | BOYAmt |
| EOY | $72,015 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,393,823 | BOYAmt |
| EOY | $69,108,019 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,464,861 | BOYAmt |
| EOY | $69,180,034 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,213,257 | BOYAmt |
| EOY | $148,492,008 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,596,626 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,118,547 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $160,163 | OtherCostOrOtherBasisAmt |
| Book Value | $160,163 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $167,273,360 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,917,517 | DepreciationAmt |
| Book Value | $115,355,843 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $115,516,006 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - POWERSOUTH | $18,839,030 | C |
| PATRONAGE CAPITAL - CFC | $854,893 | C |
| PATRONAGE CAPITAL - GRESCO | $444,579 | C |
| PATRONAGE CAPITAL - FEDERATED INS | $266,080 | C |
| PATRONAGE CAPITAL - CFC | $247,644 | C |
| PATRONAGE CAPITAL - CO BANK | $196,428 | C |
| PATRONAGE CAPITAL - SEDC | $184,460 | C |
| PATRONAGE CAPITAL - UNITED UTILITY | $180,793 | C |
| PATRONAGE CAPITAL - CRC | $26,435 | C |
| PATRONAGE CAPITAL - NRTC | $20,736 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $21,261,078 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| PROVISION FOR PENSIONS | $3,418,850 |
| CONSUMER DEPOSITS | $682,102 |
| DEFERRED CREDITS | $111,708 |
| LEASES | $74,140 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,286,800 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $51,841,849 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $51,841,849 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $51,841,849 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $49,026,793 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $49,026,793 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,218,430 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,218,430 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,245,223 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 4B | FormAndLineReferenceDesc |
| Explanation | RETIREMENT OF CAPITAL CREDITS PAID 1,218,430 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| JEFFREY M HODGES | ||||
| CEO | $197,892 | $56,371 | $19,488 | $273,751 |
| EUGENE JACKSON | ||||
| ENGINEER | $174,282 | $45,912 | $19,488 | $239,682 |
| SCOTTY BAREFOOT | ||||
| OPPERATIONS MANAGER | $161,126 | $45,261 | $19,488 | $225,875 |
| TERRY CHANCEY | ||||
| CONSTRUCTION FOREMAN | $130,430 | $71,106 | $19,488 | $221,024 |
| BRIAN WHATLEY | ||||
| VP OPERATIONS | $123,328 | $59,612 | $20,640 | $203,580 |
| RUSTIN CLARK | ||||
| CONSTRUCTION FOREMAN | $123,408 | $33,651 | $19,488 | $176,547 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | THE COOPERATIVE PROVIDED ELECTRIC SERVICE TO 14,285 MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | PEA RIVER ELECTRIC COOPERATIVE OPERATES ON THE COOPERATIVE BASIS HAVING MEMBERS WITH EQUAL VOTING RIGHTS AND WHO ARE ASSIGNED MARGINS IN ACCORDANCE WITH THE COOPERATIVE'S BY-LAWS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | TRUSTEES ARE ELECTED TO SERVE THREE YEAR, STAGGERED TERMS THEREFORE, THREE TRUSTEES ARE ELECTED EACH YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE MEMBERSHIP MUST APPROVE CHANGES TO THE COOPERATIVE'S BY-LAWS AS WELL AS ANY OTHER DECISION REQUIRING APPROVAL OF THE MEMBERSHIP BY THE ARTICLES OF INCORPORATION AND/OR BY-LAWS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | MANAGEMENT CONDUCTED A REVIEW OF THE 2023 FORM 990 BEFORE IT WAS PRESENTED TO THE BOARD OF TRUSTEES. A COPY OF THE COMPLETED 2023 FORM 990 WAS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AT A SCHEDULED BOARD MEETING PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | OFFICERS AND TRUSTEES ARE REQUIRED TO DISCLOSE, ANNUALLY, ANY CONFLICTS OF INTEREST ON A QUESTIONNAIRE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | USING COMPARABLE DATA, THE BOARD OF TRUSTEES DETERMINE AND APPROVE ALL WAGES AND SALARIES FOR THE COOPERATIVE EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | USING COMPARABLE DATA, THE BOARD OF TRUSTEES DETERMINE AND APPROVE ALL WAGES AND SALARIES FOR THE COOPERATIVE'S EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS MAIN OFFICE IN OZARK, ALABAMA. |
| FORM 990, PART XI, LINE 9 | UTILITY TAX REFUNDS 163,994 OTHER EQUITIES & MARGINS 953,576 MEMBERSHIPS 977 OTHER EQUITIES & MARGINS 0 MEMBERSHIPS 0 TOTAL 1,118,547 |