K C Electric Association

Not tax-deductible

Hugo, COMutual-benefit / member-servingSince 1946EIN 84-0390042Revenue $31.5M in FY2024

On file with the IRSkcelectric.coopPo Box 8, 80821-0008 · Hugo, COTax-exempt since Jul 1955

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To provide reliable Electric power and related services to our members at the most affordable cost.

$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $200K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19.6M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.5M
+13% vs prior year
Spent
$31.5M
To programs
0%
Net assets
$48.5M
By yearFY2020–FY2024
Revenue
$31.5M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$27.7M
FY2021$27.1M
FY2022$28.4M
FY2023$27.8M
FY2024$31.5M
Expenses
$31.5M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$27.7M
FY2021$28.1M
FY2022$28.4M
FY2023$27.8M
FY2024$31.5M
Net assets
$48.5M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$41.1M
FY2021$41.9M
FY2022$43.1M
FY2023$44.8M
FY2024$48.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1955.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

19 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$289,023Pt VII · Sec A
General Manager
$289,023Pt VII · Sec A
$146,308Pt VII · Sec A
$146,308Pt VII · Sec A
Ops Manager
$135,266Pt VII · Sec A
Ops Manager
$135,266Pt VII · Sec A
Maintenance Foreman
$134,938Pt VII · Sec A
Maintenance Foreman
$134,938Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Churchwell$289,023$275,087$252,984$245,144$238,921
Paul Norris——$154,625$152,279$148,454
Bo Randolph$146,308$144,610$133,976$122,943$118,756
Darren Fox$135,266————
John C Ely$134,938————
Austin Talbert$133,257————
George Unruh—$129,036$119,605$118,548$110,688
Christopher Notter—$119,687$114,298$109,817$109,367

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supplies affordable electricity and services to members.

Questions for K C Electric Association

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Provided by the organization

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1 program · in their own filed words · FY2024
01

KCEA sold 239,483,326 Kwhs to our 6,625 meters over 3,052 miles of line in 3 counties (Cheyenne, Kit Carson and Lincoln) of Eastern Colorado.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$6K
Grants paid · 1 grant · $8K · 2024–2024
Unitemized GrantFY2024$8,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$31.5M
Ln 12
Fees for servicesLn 2g$30.6M
Investment incomeLn 3$917K
Other incomeLn 4–11$9K
Money outPt IX
$31.5M
Ln 25
Owns and owesPt X
$48.5M
net assets · Ln 32
Cash and savingsLn 1–2$12.7M
Total assetsLn 16$68.1M
LiabilitiesLn 26$19.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A19
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$30.6M
Investment incomeLn 3$917K
Other incomeLn 4–11$9K
Gains on assetsLn 7$227K
Total revenueLn 12$31.5M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$9.8M
Cash and savings togetherLn 1–2$12.7M
InvestmentsLn 11–13$21.7M
Land, buildings, equipmentLn 10c$30.8M
Total assetsLn 16$68.1M
LiabilitiesLn 26$19.6M
Net assetsLn 32$48.5M
OperationsPt I, VI
EmployeesI 527
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.9M$12.7M
InvestmentsLn 11–13$20.7M$21.7M
Land, buildings, equipmentLn 10c$30.2M$30.8M
Total assetsLn 16$64.8M$68.1M
LiabilitiesLn 26$20.0M$19.6M
Net assetsLn 32$44.8M$48.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K
Benefits paid to or for membersLn 4$5.2M
Pay of current officers, directors and key staffLn 5$721K
Other salaries and wagesLn 7$529K
InterestLn 20$349K
Depreciation, depletion and amortizationLn 22$1.6M
Other expenses (24a–d)Ln 24$23.0M$23.0M
Total functional expensesLn 25$31.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $31.5M$31.5M$0$48.5M 990 PDF
FY2023 $27.8M$27.8M$0$44.8M 990 PDF
FY2022 $28.4M$28.4M$0$43.1M 990 PDF
FY2021 $27.1M$28.1M−$1.0M$41.9M 990 PDF
FY2020 $27.7M$27.7M$0$41.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $31,478,660 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $27,323,201$30,552,846
I-10 Investment incomePrior year $492,492$916,642
I-11 Other revenuePrior year $6,408$9,172
I-12 Total revenuePrior year $27,822,101$31,478,660
I-13 Grants and similar amounts paid$8,000
I-14 Benefits paid to membersPrior year $2,836,103$5,181,211
I-15 Salaries and benefitsPrior year $1,201,394$1,250,027
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,784,604$25,039,422
I-18 Total expensesPrior year $27,822,101$31,478,660
I-19 Revenue less expenses$0
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,478,660 across 7 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,552,846$30,552,846
VIII-3 Investment incomeExcluded from tax $689,816$689,816
VIII-6 Net rental income or lossExcluded from tax $9,283$9,283
VIII-7 Net gain or loss on sales of assetsRelated to mission $226,826$226,826
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$111−$111
VIII-12 Total revenueRelated to mission $30,779,561 · Unrelated business $0 · Excluded from tax $699,099$31,478,660
Part IX · Statement of functional expenses $31,478,660 across 7 lines filed
IX-2 Grants to domestic individuals$8,000
IX-4 Benefits paid to or for members$5,181,211
IX-5 Pay of current officers, directors and key staff$721,120
IX-7 Other salaries and wages$528,907
IX-20 Interest$349,230
IX-22 Depreciation, depletion and amortization$1,642,013
IX-24 Other expenses (24a–d)Programs $23,048,179$23,048,179
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$31,478,660
Part X · Balance sheet $68,088,770 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,644,919$2,919,472
X-2 Savings and temporary cash investmentsStart of year $7,292,460$9,827,211
X-4 Accounts receivableStart of year $1,685,881$1,755,999
X-8 Inventories for sale or useStart of year $784,427$873,782
X-9 Prepaid expenses and deferred chargesStart of year $453,968$207,121
X-10c Land, buildings and equipment, netStart of year $30,245,236$30,829,038
X-13 Program-related investmentsStart of year $20,668,053$21,676,147
X-16 Total assetsStart of year $64,774,944$68,088,770
X-17 Accounts payable and accrued expensesStart of year $1,780,085$1,837,957
X-19 Deferred revenueStart of year $3,320,589$3,422,904
X-26 Total liabilitiesStart of year $19,981,933$19,579,433
X-32 Total net assets or fund balancesStart of year $44,793,011$48,509,337
X-33 Total liabilities and net assetsStart of year $64,774,944$68,088,770
Part XI · Reconciliation of net assets $48,509,337 net assets at year end
XI-1 Total revenue$31,478,660
XI-2 Total expenses$31,478,660
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$44,793,011
XI-9 Other changes in net assets$3,716,326
XI-10 Net assets at end of year$48,509,337

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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