2023-05-11T09:57:58-07:00 2022-12-31 990 2022-01-01 750628787 UPSHUR-RURAL ELECTRIC COOPERATIVE CORPORATION UPSH 9038432536 PO Box 70 Gilmer TX 75644 Robert Walker CEO 9038432536 2023-03-24 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Robert A Walker Jr PO Box 70 1200 W Tyler St Gilmer TX 75644 129760052 0 X http://www.urecc.coop X 1937 TX URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 9 9 125 0 0 0 0 0 96485016 127930160 132167 267544 1625858 1544058 98243041 129741762 0 0 633509 4146404 3027443 3242448 0 0 0 94582089 122352910 98243041 129741762 0 0 245628727 262178131 123362682 136156455 122266045 126021676 URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 0 0 129741762 0 127930160 URECC provides affordable, reliable electric energy consistent with sound economy, safety, and quality management to our members and the communities we serve. 0 0 0 129741762 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 65 0 1 125 1 0 0 0 0 0 127930160 1829892 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Robert A Walker Jr 9038432536 1200 W Tyler St Gilmer TX 75644 Robert A Walker Jr CEO 50 X 297093 0 74768 Billy J Schuler Serviceman 58.4 X 149459 0 37595 Damon G Means Director of Financial Services 45 X 135365 0 46330 Melissa D Reeves Director of Business Services 45 X 134584 0 40990 Jacob W Fielden Serviceman 59.7 X 136930 0 30116 Jonathan Hector Foreman 50.9 X 129788 0 28860 Jonathan Hunt Director 9.1 X 22400 0 0 Frankie B King President, Board of Directors 6.5 X X 21600 0 0 Robert A Branham Vice-President, Board of Directors 5.3 X X 21600 0 0 Charles H Whiteside Director 6.7 X 21100 0 0 Samuel Rex Youngblood Assistant Secretary-Treasurer, Board of Directors 3.6 X X 20600 0 0 R Cody Newman Director 9.3 X 20400 0 0 Sherry Morgan Secretary-Treasurer, Board of Directors 1.5 X X 20000 0 0 Henry Jackson Director 3.5 X 18400 0 0 J P Abernathy Director 5 X 18300 0 0 1167619 0 258659 30 0 1 0 Harris Line Service PO Box 7165 Longview TX 75607 ROW Services 2851321 Brexan LLC 102 North College Ave Suite 610 Tyler TX 75702 Powerline Construction 866218 Diamond H Services Inc PO Box 3408 Longview TX 75606 Powerline Construction 2061461 Northeast Texas Power LTD PO Box 559 Cumby TX 75433 Powerline Construction 1806317 East Texas Utility Service Inc PO Box 1673 Jacksonville TX 75766 Powerline Construction 371040 10 0 Sale of Electricity to members 221122 127930160 127930160 0 0 0 0 0 0 127930160 67415 0 0 67415 0 0 0 0 0 0 0 0 0 147093 0 0 0 147093 147093 0 0 147093 0 218419 0 18290 0 200129 200129 200129 0 0 Other Capital Credit and Patronage 221122 1396965 1396965 0 0 0 0 0 0 1396965 129741762 129527254 0 214508 0 0 0 0 0 0 4146404 4146404 1426278 1426278 0 0 0 0 0 0 0 0 0 0 1816170 1816170 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157584 157584 0 0 25200 25200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3697367 3697367 0 0 0 0 0 0 10052091 10052091 0 0 0 0 0 0 Cost of Power 96291423 96291423 0 0 Transmission and Distribution Expense 9094134 9094134 0 0 Consumer Accounts Expense 2093171 2093171 0 0 Administration and General Expense 539774 539774 0 0 402166 402166 129741762 129741762 0 0 1492503 801262 0 100000 0 0 11170406 15252628 0 0 0 0 0 0 3351104 4036349 266014 925239 315693592 113936649 190772642 201756943 0 0 0 0 38559081 39288721 0 0 16977 16989 245628727 262178131 39487207 40138418 0 0 0 0 0 0 0 0 0 0 74478909 87293616 0 0 9396566 8724421 123362682 136156455 X 0 0 0 0 122266045 126021676 122266045 126021676 245628727 262178131 X 0 0 0 0 0 3755631 X 0 1 X 1 0 0 11316 11316 0 5407338 3407105 2000233 0 0 0 0 0 13027133 8307681 4719452 0 297247805 102221863 195025942 201756943 Investment in Assoc. Organizations-Patronage Capital 37534045 C Investment in Assoc. Organizations-Memberships, Capital Term Certificates 1754676 C 39288721 0 Obligations Under Capital Leases - Noncurrent 524731 Accumulated Operating Provisions - Asset Retirement Obligations 3723761 Consumer Deposits 3510118 Current Maturities - Capital Leases 161143 Deferred Credits 804668 8724421 129741762 0 0 0 0 0 129741762 0 0 0 129741762 125595358 0 0 0 0 0 125595358 0 4146404 4146404 129741762 Schedule D, Part XII, Line 4b These are our 2022 margins, which are allocated back to our members. X X 0 0 0 Robert A Walker Jr CEO 281893 0 15200 0 0 0 58416 0 16352 0 371861 0 0 0 Billy J Schuler Serviceman 142416 0 7043 0 0 0 21243 0 16352 0 187054 0 0 0 Jacob W Fielden Serviceman 132489 0 4441 0 0 0 16877 0 13239 0 167046 0 0 0 Damon G Means Director of Financial Services 117392 0 17973 0 0 0 29978 0 16352 0 181695 0 0 0 Melissa D Reeves Director of Business Services 126077 0 8507 0 0 0 29989 0 11001 0 175574 0 0 0 Jonathan Hector Foreman 126530 0 3258 0 0 0 22324 0 6536 0 158648 0 0 0 Form 990, Part I, Line 14 Yearly margins that are allocated back to our members. Form 990, Part VI, Section A, Line 2 Frankie King and Robert A. Walker, Jr. - Business Relationship (both serve on the G&T Board) Form 990, Part VI, Section A, Line 6 Not-for-Profit organization with members. All members are of the same class. Form 990, Part VI, Section A, Line 7a Members have the right to elect members of the governing body periodically, or as vacancies arise. Form 990, Part VI, Section A, Line 7b Members have the right to approve or ratify decisions of the governing body, such as approving the governing body's election. Form 990, Part VI, Section B, Line 11b The governing body reviews the Form 990 before it is filed. Form 990, Part VI, Section B, Line 12c The governing body reaffirms the policy annually. Form 990, Part VI, Section B, Line 15 The governing body sets the salary of the CEO annually using comparable data. Form 990, Part VI, Section C, Line 19 These documents are available for inspection at the office of the organization. Form 990, Part XI, Line 9 2022 Margins allocated back to our members $4,146,404 less Retirement of Patronage Capital -$1,003,171 plus the Change in Comprehensive Income as a result of SFAS #106 $612,398.