Surprise Valley Electrification Corp FY2020 filing

Not tax-deductible

Alturas, CAMutual-benefit / member-servingSince 1937EIN 94-0912124Revenue $15.5M in FY2020

On file with the IRSsurprisevalleyelectric.org800 W 12th St, 96101-3132 · Alturas, CATax-exempt since Oct 1942

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Provide electric utility services to consumers (members) in our service area

$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $112K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 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
$1.1M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.8M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.5M
Spent
$14.8M
To programs
0%
Net assets
$30.1M
By yearFY2020–FY2025
Revenue
$15.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15.5M
FY2021$15.4M
FY2022$14.9M
FY2023$14.5M
FY2024$18.1M
FY2025$17.1M
Expenses
$14.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$15.4M
FY2022$14.9M
FY2023$14.5M
FY2024$18.1M
FY2025$17.1M
Net assets
$30.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$30.1M
FY2021$31.4M
FY2022$31.9M
FY2023$33.0M
FY2024$35.2M
FY2025$35.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1942.

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

Who runs it and what they're paid

14 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$212,916Pt VII · Sec A
Line Supevisor
$140,279Pt VII · Sec A
Serviceman
$128,310Pt VII · Sec A
Engineer
$126,068Pt VII · Sec A
Serviceman
$123,955Pt VII · Sec A
Working Foreman
$119,850Pt VII · Sec A
Controller
$115,421Pt VII · Sec A
Secretary/Treas
$21,711Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bradley a Kresge$348,573$244,353$236,084$228,022$220,378$212,916
Dennis Reed$166,890$161,243$155,789$150,489$145,425$140,279
Matthew Eversole$159,057$142,044$133,170$130,335$128,212$119,850
Neil Mohr$154,012—————
John Minto$150,974$145,861$140,930$136,157$131,561$126,068
Jack Anderson$150,123—————
Anthony Silva—$141,273$132,116———
Bo Davis—$140,970—$130,919$127,883—

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

Delivers electricity to members within its service area.

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1 program · in their own filed words · FY2020
01

Provide electric utility services to consumers (members) in our service area

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.5M
Ln 12
Fees for servicesLn 2g$14.3M
Investment incomeLn 3$760K
Other incomeLn 4–11$495K
Money outPt IX
$14.8M
Ln 25
Owns and owesPt X
$30.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$55.9M
LiabilitiesLn 26$25.8M
PeoplePt VI, VII
14
listed · VII A
PaidVII A14
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$14.3M
Investment incomeLn 3$760K
Other incomeLn 4–11$495K
Gains on assetsLn 7$720K
Total revenueLn 12$15.5M
Assets in detailPt X, end of year
CashLn 1$325
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$676K
Land, buildings, equipmentLn 10c$49.0M
Other assetsLn 15$36K
Total assetsLn 16$55.9M
LiabilitiesLn 26$25.8M
Net assetsLn 32$30.1M
OperationsPt I, VI
EmployeesI 531
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 FY20End FY20
Cash and savingsLn 1–2$6.0M$3.7M
InvestmentsLn 11–13$643K$676K
Land, buildings, equipmentLn 10c$41.8M$49.0M
Total assetsLn 16$51.7M$55.9M
LiabilitiesLn 26$23.1M$25.8M
Net assetsLn 32$28.7M$30.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$1.6M
Pay of current officers, directors and key staffLn 5$768K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.3M
Pension plan contributionsLn 8$623K
Other employee benefitsLn 9$556K
Payroll taxesLn 10$194K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$534K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2.0M
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$10.5M
All other expensesLn 24e−$4.2M
Total functional expensesLn 25$14.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17.1M$17.1M−$20K$35.6M 990 PDF
FY2024 $18.1M$18.1M−$7K$35.2M 990 PDF
FY2023 $14.5M$14.5M−$2K$33.0M 990 PDF
FY2022 $14.9M$14.9M$4K$31.9M 990 PDF
FY2021 $15.4M$15.4M−$14K$31.4M 990 PDF
FY2020 Viewing $15.5M$14.8M$711K$30.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $15,543,150 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $11,872,656$14,288,187
I-10 Investment incomePrior year $40,514$760,433
I-11 Other revenuePrior year $576,215$494,530
I-12 Total revenuePrior year $12,489,385$15,543,150
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $395,469$1,594,698
I-15 Salaries and benefitsPrior year $4,334,596$4,403,646
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,981,359$8,833,508
I-18 Total expensesPrior year $12,711,424$14,831,852
I-19 Revenue less expensesPrior year −$222,039$711,298
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $15,543,150 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,236,753 · Excluded from tax $51,434$14,288,187
VIII-3 Investment incomeExcluded from tax $40,142$40,142
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $720,291$720,291
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $494,530$494,530
VIII-12 Total revenueRelated to mission $15,451,574 · Excluded from tax $91,576$15,543,150
Part IX · Statement of functional expenses $14,831,852 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$1,594,698
IX-5 Pay of current officers, directors and key staff$767,691
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$2,263,604
IX-8 Pension plan contributions$622,705
IX-9 Other employee benefits$556,070
IX-10 Payroll taxes$193,576
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$533,757
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$2,027,929
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$10,514,672
IX-24e All other expenses−$4,242,850
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$14,831,852
Part X · Balance sheet $55,857,362 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $325$325
X-2 Savings and temporary cash investmentsStart of year $5,965,162$3,738,199
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,197,704$1,316,634
X-8 Inventories for sale or useStart of year $777,398$852,646
X-9 Prepaid expenses and deferred chargesStart of year $243,104$206,470
X-10c Land, buildings and equipment, netStart of year $41,754,781$49,030,838
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $642,762$676,493
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,154,637$35,757
X-16 Total assetsStart of year $51,735,873$55,857,362
X-17 Accounts payable and accrued expensesStart of year $1,383,177$2,260,665
X-25 Other liabilitiesStart of year $225,670$233,780
X-26 Total liabilitiesStart of year $23,050,001$25,765,569
X-32 Total net assets or fund balancesStart of year $28,685,872$30,091,793
X-33 Total liabilities and net assetsStart of year $51,735,873$55,857,362
Part XI · Reconciliation of net assets $30,091,793 net assets at year end
XI-1 Total revenue$15,543,150
XI-2 Total expenses$14,831,852
XI-3 Revenue less expenses$711,298
XI-4 Net assets at start of year$28,685,872
XI-5 Net unrealized gains (losses) on investments−$708,471
XI-9 Other changes in net assets$1,403,094
XI-10 Net assets at end of year$30,091,793

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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