2024-11-07T18:14:21-06:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930137415 CENTRAL ELECTRIC COOPERATIVE CENT 5415482144 PO BOX 846 REDMOND OR 97756 BRAD WILSON PRESIDENT/CEO 5415482144 2024-11-06 1 1 WENDY CAMPOS P00448102 5032421447 2024-11-06 2023 2024-10-15 13:58:12Z BRAD WILSON PO BOX 846 REDMOND OR 97756 102247806 0 X WWW.CEC.COOP X 1940 OR MAKE ELECTRIC ENERGY AVAILABLE TO OUR MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 9 9 92 0 0 0 0 0 70131913 70253518 134903 588303 870449 1918378 71137265 72760199 503064 952477 2952141 9784134 2809620 2686346 0 0 0 58865012 57891074 65129837 71314031 6007428 1446168 249796984 258999374 84948126 86502549 164848858 172496825 MAKE ELECTRIC ENERGY AVAILABLE TO OUR MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 DISTRIBUTION OF POWER TO RURAL ELECTRIC MEMBERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 109 0 1 92 1 0 0 0 0 0 75049976 9847742 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X BRAD WILSON 5415482144 PO BOX 846 REDMOND OR 97756 DAVE MARKHAM CEO/PRESIDENT (THRU 07/23) 57.00 8.00 X 1023438 0 50927 BRAD WILSON CEO/PRESIDENT 57.00 8.00 X 360660 0 127581 TODD FEHRENBACHER SERVICEMAN 57.00 X 211205 0 88222 CHRIS LAITE LINEMAN 57.00 X 208271 0 101782 RYAN DAVIES VP CUSTOMER & ENERGY SERVICES 55.00 X 198529 0 73316 JASON BEVERLY METER TECHNICIAN 53.00 X 201309 0 69915 KEVIN ROHDE VP OPERATIONS/ENGINEERING 55.00 X 202733 0 60157 SHANE MORGAN VP FINANCE & ACCOUNTING 55.00 X 205064 0 41318 EDDIE KIP LIGHT CHAIRMAN 9.00 1.00 X X 36761 0 0 KELLY MCFARLANE VICE CHAIRMAN 5.00 1.00 X X 22152 0 0 KEN MILTENBERGER SECRETARY/TREASURER 5.00 1.00 X X 23261 0 0 BOYD KEETON DIRECTOR 5.00 1.00 X 51263 0 0 TOM STRAND DIRECTOR 5.00 1.00 X 35020 0 0 MARK CHRISTIE DIRECTOR 5.00 1.00 X 35155 0 0 BEVERLY CLARNO DIRECTOR 5.00 1.00 X 34169 0 0 DAN STEELHAMMER DIRECTOR 5.00 1.00 X 21332 0 0 SAM MCKENZIE DIRECTOR 5.00 1.00 X 21408 0 0 2891730 0 613218 46 0 1 0 POTELCO PO BOX 846396 DALLAS TX 75284 CONSTRUCTION 3897494 JENSEN TREE SERVICE PO BOX 610 WINSTON OR 97496 TREE TRIMMING/REMOVAL 1441512 OLIN SITZ EXCAVATION 17425 JORDAN ROAD SISTERS OR 97759 CONSTRUCTION 1323526 YATES LINE CONSTRUCTION PO BOX 908 GARIBALDI OR 97118 CONSTRUCTION 868294 MAGNUM POWER PO BOX 355 CASTLE ROCK WA 98611 CONSTRUCTION 647942 11 ELECTRIC RELATED SALES 221000 70018366 70018366 POLE RENTAL AGREEMENT 532289 235152 235152 70253518 100290 100290 8338 0 8338 8338 8338 29964000 11620 29477275 10332 486725 1288 488013 488013 SUBSIDIARY INCOME 900099 1446168 1446168 PATRONAGE ALLOCATION 900099 458872 458872 MISCELLANEOUS INCOME 900099 5000 5000 1910040 72760199 71928406 0 831793 952477 9784134 2160701 525645 1220329 2072445 8352400 PURCHASED POWER AND TRA 32973209 DISTRIBUTION 5147832 ADMINISTRATIVE AND GENE 4708557 TAXES 2296336 1119966 71314031 359379 158124 11515749 13649128 9255976 8238178 13705 13705 2720032 3769073 960462 1042372 307454212 132265994 165302540 175188218 51531273 48771917 8137868 8168659 249796984 258999374 8764111 7552241 4036 3632 56809797 56668985 19370182 22277691 84948126 86502549 X 0 0 5326636 6355599 159522222 166141226 164848858 172496825 249796984 258999374 X 1446168 6201799 X 0 1 X 1 0 1024520 1024520 7908114 1442805 6465309 19537 2179 17358 291979431 130821010 161158421 6522610 6522610 175188218 CAPITAL TERM CERTIFICATES 1549375 C PATRONAGE CAPITAL 6840141 C INVESTMENT IN SUBSIDIARIES 40118303 C OTHER INVESTMENTS 264098 C 48771917 DEFERRED COMPENSATION 2352911 CONSTRUCTION ADVANCES 3747949 UNCLAIMED CREDITS 6941009 POST RETIREMENT BENEFITS 8563567 CONSUMER DEPOSITS 672255 22277691 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE COOPERATIVE FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2023 AND 2022, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS, THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. 1 EVERGREEN CONSULTING GROUP LLC 14845 SW MURRAY SCHOLLS DR SUITE 110 PMB 513 BEAVERTON OR 970079237 931273292 115393 0 ENERGY EFFICIENCY INCENTIVE SYMONS LIVESTOCK LLC 1548 NE DOGWOOD LN MADRAS OR 97741 208603250 13830 0 ENERGY EFFICIENCY INCENTIVE FEIGNER FARMS CO 7925 NE CLARK DR MADRAS OR 97741 810984858 15813 0 ENERGY EFFICIENCY INCENTIVE DESERT CREEK RANCH 805 SW INDUSTRIAL WAY STE 1 BEND OR 97702 412049606 5280 0 ENERGY EFFICIENCY INCENTIVE K&S FARMS 7335 NE WARD DR MADRAS OR 97741 931014545 23800 0 ENERGY EFFICIENCY INCENTIVE THREE FOLD FARM 6651 NORTH ADAMS DRIVE MADRAS OR 97741 931055305 6120 0 ENERGY EFFICIENCY INCENTIVE GREENSAVERS 4 NW FRANKLIN AVENUE BEND OR 97703 870798873 32406 0 ENERGY EFFICIENCY INCENTIVE NEIGHBORIMPACT 2303 SW FIRST ST REDMOND OR 97756 930884929 501(C)(3) 17361 0 ENERGY EFFICIENCY INCENTIVE JOHNSON BROTHERS PO BOX 129 BEND OR 97709 930607111 14769 0 ENERGY EFFICIENCY INCENTIVE ACCUAIR 555 NE HEMLOCK AVE 102 REDMOND OR 97756 364619551 13790 0 ENERGY EFFICIENCY INCENTIVE BEND HEATING AND SHEET METAL INC 61540 AMERICAN LANE PO BOX 5727 BEND OR 97702 930985108 11743 0 ENERGY EFFICIENCY INCENTIVE DIVERSIFIED HEATING AND COOLING INC 61511 AMERICAN LANE SUITE 1 BEND OR 97702 274543306 34984 0 ENERGY EFFICIENCY INCENTIVE GENERAL PACIFIC PO BOX 70 FAIRVIEW OR 97024 930522219 8540 0 ENERGY EFFICIENCY INCENTIVE JUST KOMFORT HEATING AND COOLING LLC PO BOX 1375 REDMOND OR 97756 874806689 414601 0 ENERGY EFFICIENCY INCENTIVE MOUNTAIN VIEW HEATING INC 110 SE 9TH BEND OR 97702 930753352 25400 0 ENERGY EFFICIENCY INCENTIVE PAHLISCH COMMERCIAL INC 210 SW WILSON AVE STE 100 BEND OR 97702 811366958 32500 0 ENERGY EFFICIENCY INCENTIVE PONDEROSA HEATING AND COOLING LLC PO BOX 100 SISTERS OR 97759 931095991 7900 0 ENERGY EFFICIENCY INCENTIVE QUALITY HEATING INC PO BOX 189 REDMOND OR 97756 930824660 23400 0 ENERGY EFFICIENCY INCENTIVE SUNSET HEARTH AND HOME 2164 NE 3RD ST PRINEVILLE OR 97754 462239361 6506 0 ENERGY EFFICIENCY INCENTIVE HOUSING WORKS 405 SW 6TH ST REDMOND OR 97756 930709787 GOVT 19000 0 ENERGY EFFICIENCY INCENTIVE OREGON RURAL ELECTRIC COOPERATIVE ASSOCIATION 8565 SW SALISH LN 130 WILSONVILLE OR 97070 930593238 501(C)(6) 8769 0 YOUTH TOUR PROGRAM NORTHWEST LINEMAN COLLEGE 7600 S MERIDIAN RD MERIDIAN ID 83642 820468903 10000 0 SCHOLARSHIPS HONOR FLIGHT OF CENTRAL OREGON PO BOX 7963 BEND OR 97708 811201731 501(C)(3) 10000 0 GENERAL SUPPORT VETERANS 3 20 PART I, LINE 2: CENTRAL ELECTRIC COOPERATIVE (CEC) RECEIVES BPA CONSERVATION FUNDS TO BE PROVIDED TO THE MEMBERS UPON INSTALLATION OF EQUIPMENT. THE MEMBER OR ORGANIZATION IS REQUIRED TO PROVIDE INVOICES FOR PROOF OF PURCHASE AND A PHYSICAL INSPECTION OF THE EQUIPMENT IS PERFORMED BY CEC'S ENERGY AUDITORS. X X 1 1 X X X 0 1 0 DAVE MARKHAM CEO/PRESIDENT (THRU 07/23) 473175 0 68798 0 481465 0 6070 0 44857 0 1074365 0 322380 0 BRAD WILSON CEO/PRESIDENT 300275 0 32508 0 27877 0 97093 0 30488 0 488241 0 0 0 TODD FEHRENBACHER SERVICEMAN 205951 0 4415 0 839 0 73045 0 15177 0 299427 0 0 0 CHRIS LAITE LINEMAN 203070 0 4370 0 831 0 61917 0 39865 0 310053 0 0 0 RYAN DAVIES VP CUSTOMER & ENERGY SERVICES 161172 0 26450 0 10907 0 33357 0 39959 0 271845 0 0 0 JASON BEVERLY METER TECHNICIAN 195963 0 4969 0 377 0 30356 0 39559 0 271224 0 0 0 KEVIN ROHDE VP OPERATIONS/ENGINEERING 192080 0 4463 0 6190 0 44679 0 15478 0 262890 0 0 0 SHANE MORGAN VP FINANCE & ACCOUNTING 201047 0 0 0 4017 0 0 0 41318 0 246382 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS & HEALTH CLUB DUES - TRAVEL FOR COMPANIONS IS NOT ALLOWED AT CEC EXCEPT AS APPROVED BY THE BOARD OF DIRECTORS FOR SPECIAL CIRCUMSTANCES. HEALTH CLUB DUES ARE OFFERED AS A BENEFIT TO ALL CEC EMPLOYEES. PART I, LINE 4B DEFERRED COMPENSATION PLAN PARTICIPANT 457(F): DAVE MARKHAM - $322,380 REMAINING BALANCE VESTED AT RETIREMENT DATE. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM, CORPORATION OR POLITICAL BODY MAY BECOME A MEMBER IN THE COOPERATIVE BY PAYING THE REQUIRED MEMBERSHIP FEE, PURCHASING ELECTRIC ENERGY FROM THE COOPERATIVE AND AGREEING TO BE BOUND BY THE ARTICLES OF ASSOCIATION AND BY-LAWS OF THE COOPERATIVE. IF THE ABOVE REQUIREMENTS ARE MET THE BOARD OF DIRECTORS APPROVES THE APPLICANT AS A MEMBER. EACH MEMBER IS ENTITLED TO ONE VOTE. ALL QUESTIONS AT MEMBER MEETINGS WILL BE DECIDED BY A VOTE OF MAJORITY OF THE MEMBERS VOTING THEREON WHEN A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7A AN ELECTION WILL BE HELD BY WRITTEN VOTE THROUGH THE MAIL FOR A CONTESTED BOARD SEAT. EACH MEMBER IN THE DISTRICT WITH THE CONTESTED BOARD SEAT IS ENTITLED TO ONE VOTE, AND A MAJORITY VOTE DECIDES THE SUCCESSFUL CANDIDATE. FORM 990, PART VI, SECTION B, LINE 11B DATA WAS PREPARED BY THE ACCOUNTING DEPARTMENT AND SUBMITTED TO THE CPA FIRM FOR REVIEW. BEFORE FILING THE BOARD REVIEWS THE FORM 990 WITH THE CEO AND VP OF FINANCE AND ACCOUNTING AT A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM IS DISTRIBUTED TO EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE ANNUALLY TO BE COMPLETED, SIGNED, AND FORWARDED FOR REVIEW BY THE BOARD OF DIRECTORS. WHEN A CONFLICT ARISES THE BOARD OF DIRECTORS WILL TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 CEO AND OTHER TOP MANAGEMENT SALARIES ARE DETERMINED BASED UPON COMPARISON OF NATIONAL, REGIONAL, AND STATE COMPENSATION DATA FOR SIMILAR POSITIONS. THIS DATA IS PRESENTED ANNUALLY TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST IS NOT MADE AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS, GOVERNING AND ORGANIZATION DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP ADDITIONS 2,870. RETIREMENT OF CAPITAL CREDITS, NET -4,611,298. DONATED CAPITAL 1,026,093. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 9,784,134. CEC RESOURCES PO BOX 846 REDMOND OR 97756 931306228 INVESTMENT OR CENTRAL ELECTRIC COOPERATIVE C 807145 40159172 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 CEC RESOURCES F 4500000 COST