BLUEGRASS ENERGY COOPERATIVE CORP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BLUEGRASS ENERGY COOPERATIVE CORP (EIN 43-1948188)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-01
- IRS object ID
- 202411229349302296
- 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 | 2024-05-01T16:34:08-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 610420207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES NALE & MATTINGLY PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 WEST MAIN STREET SUITE 1100 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40202 | 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 | 431948188 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUE GRASS ENERGY COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BLUE | BusinessNameControlTxt |
| Phone | 8598854191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1Txt |
| City | NICHOLASVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 403400990 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAUREN LOGAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8598854191 | PhoneNum |
| Signature | 2024-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LAUREN | PersonFirstNm |
| Person Last | LOGAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRAVIS C FRICK | PreparerPersonNm |
| PTIN | P01728213 | PTIN |
| Phone | 5025830248 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LAUREN LOGAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1Txt |
| City | NICHOLASVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 403400990 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $151,939,523 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BGENERGY.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | SINCE 1937, BLUE GRASS ENERGY HAS BEEN MAKING LIFE BETTER, THE COOPERATIVE WAY, FOR OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES. ELECTRICITY IS DELIVERED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. TODAY, BLUE GRASS ENERGY SERVES APPROXIMATELY 63,000 CONSUMERS IN 23 KENTUCKY COUNTIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 98 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $157,018,460 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $147,121,990 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$60,709 | PYInvestmentIncomeAmt |
| CY Investment Income | $415,081 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,117,607 | PYOtherRevenueAmt |
| CY Other Revenue | $4,402,452 | CYOtherRevenueAmt |
| PY Total Revenue | $163,075,358 | PYTotalRevenueAmt |
| CY Total Revenue | $151,939,523 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $16,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $7,467,696 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,513,041 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,088,858 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,809,513 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $143,505,304 | PYOtherExpensesAmt |
| CY Other Expenses | $134,600,969 | CYOtherExpensesAmt |
| PY Total Expenses | $163,075,358 | PYTotalExpensesAmt |
| CY Total Expenses | $151,939,523 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $305,801,018 | TotalAssetsBOYAmt |
| Total Assets EOY | $315,283,837 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $139,064,177 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $145,422,108 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $166,736,841 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $169,861,729 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 63,000 CONSUMERS. BLUE GRASS ENERGY'S MISSION IS TO PROVIDE SAFE, RELIABLE, AFFORDABLE ENERGY SERVICES, WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $151,939,523 | ExpenseAmt |
| Revenue | $149,693,918 | RevenueAmt |
| Desc | DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 63,000 CONSUMERS. | Desc |
| Total Program Service Expenses | $151,939,523 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 48 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 98 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $149,693,918 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,245,605 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAUREN LOGAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8598854191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 990 | AddressLine1Txt |
| City | NICHOLASVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40340 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| DENNIS MONEYHON | |||||||||
| CHAIRMAN | 7.40 | Yes (X) | Yes (X) | $22,500 | $0 | $0 | |||
| GARY KELLER | |||||||||
| VICE CHAIRMAN | 8.00 | Yes (X) | Yes (X) | $20,700 | $0 | $0 | |||
| JANE SMITH | |||||||||
| SEC/TREASURER | 7.30 | Yes (X) | Yes (X) | $21,300 | $0 | $0 | |||
| JODY HUGHES | |||||||||
| DIRECTOR | 6.40 | Yes (X) | $16,800 | $0 | $0 | ||||
| PAUL TUCKER | |||||||||
| DIRECTOR | 10.60 | Yes (X) | $19,804 | $0 | $0 | ||||
| DOUG FRITZ | |||||||||
| DIRECTOR | 7.30 | Yes (X) | $18,900 | $0 | $0 | ||||
| RICHARD COBB IV | |||||||||
| DIRECTOR | 9.30 | Yes (X) | $19,800 | $0 | $0 | ||||
| LU YOUNG | |||||||||
| DIRECTOR | 5.10 | Yes (X) | $19,200 | $0 | $0 | ||||
| MICHAEL WILLIAMS | |||||||||
| PRESIDENT/CEO | 50.00 | $906,003 | $0 | $119,248 | Yes (X) | ||||
| CHARLES G WILLIAMSON III | |||||||||
| VP-FINANCIAL SERVICE | 50.00 | $187,837 | $0 | $59,322 | Yes (X) | ||||
| BEONKA STOCKTON | |||||||||
| VP-CORPORATE SERVICE | 50.00 | $158,607 | $0 | $19,783 | Yes (X) | ||||
| DENISE MYERS | |||||||||
| VP-PUBLIC RELATIONS | 50.00 | $144,404 | $0 | $60,853 | Yes (X) | ||||
| BOBBY MCCOUN | |||||||||
| VP-MEMBER SERVICES | 50.00 | $160,347 | $0 | $60,884 | Yes (X) | ||||
| ROBERT C BREWER JR | |||||||||
| VP-ENGINEERING | 50.00 | $200,778 | $0 | $42,325 | Yes (X) | ||||
| JAMES RAINEY | |||||||||
| CREW CHIEF | 50.00 | $130,171 | $0 | $33,570 | Yes (X) | ||||
| BRAD MARSHALL | |||||||||
| FORMER DIRECTOR | 0.00 | $16,966 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,064,117 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $395,985 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAVIS H ELLIOTT | |||||
| PO BOX 37251 | BALTIMORE | MD | 21297 | LINE CONSTRUCTION AND REPAIR | $4,006,337 |
| WRIGHT TREE SERVICE | |||||
| PO BOX 1718 | WEST DES MOINES | IA | 50306 | RIGHT OF WAY MAINTENANCE | $2,492,588 |
| WA KENDALL | |||||
| PO BOX 831 | LAWRENCEVILLE | GA | 30046 | RIGHT OF WAY MAINTENANCE | $1,867,926 |
| ARBORWORKS LLC | |||||
| 40266 JUNCTION DR | OAKHURST | CA | 93644 | RIGHT OF WAY MAINTENANCE | $1,351,161 |
| MCLEAN ENGINEERING | |||||
| PO BOX 736729 | DALLAS | TX | 75373 | POLE ATTACHMENT ENGINEERING | $608,234 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRIC REVENUE | 221000 | $147,109,396 | $147,109,396 |
| SALE OF ELECTRIC MERCHANDISE | 221000 | $12,594 | $12,594 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $147,121,990 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $415,081 | TotalRevenueColumnAmt |
| Exclusion | $415,081 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| G&T CAPITAL CREDITS | 221000 | $2,078,489 | $2,078,489 | |
| JOINT USE POLE ATTACHMENT | 221000 | $1,830,524 | $1,830,524 | |
| OTHER CREDITS | 221000 | $424,742 | $424,742 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,697 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,697 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,402,452 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $151,939,523 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $149,693,918 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,245,605 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,000 | TotalAmt |
| Program Services | $16,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,513,041 | TotalAmt |
| Program Services | $4,513,041 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,252,845 | TotalAmt |
| Program Services | $1,252,845 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,663,148 | TotalAmt |
| Program Services | $7,663,148 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,495,008 | TotalAmt |
| Program Services | $1,495,008 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,537 | TotalAmt |
| Program Services | $1,788,537 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $609,975 | TotalAmt |
| Program Services | $609,975 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,740 | TotalAmt |
| Program Services | $41,740 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,750 | TotalAmt |
| Program Services | $26,750 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $634,818 | TotalAmt |
| Program Services | $634,818 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,266,934 | TotalAmt |
| Program Services | $3,266,934 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,114,517 | TotalAmt |
| Program Services | $12,114,517 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $473,498 | TotalAmt |
| Program Services | $473,498 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| COST OF POWER | $112,244,948 | $112,244,948 |
| DISTRIBUTION MAINTENANC | $9,895,482 | $9,895,482 |
| ADMINISTRATION AND GENE | $4,041,627 | $4,041,627 |
| CONSUMER ACCOUNTS | $2,855,786 | $2,855,786 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$10,995,131 | TotalAmt |
| Program Services | -$10,995,131 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,939,523 | TotalAmt |
| Program Services | $151,939,523 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,711,249 | BOYAmt |
| EOY | $3,858,903 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,996,626 | BOYAmt |
| EOY | $10,470,355 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,038,365 | BOYAmt |
| EOY | $3,954,457 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $714,287 | BOYAmt |
| EOY | $734,071 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $332,469,144 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $135,506,980 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $187,148,851 | BOYAmt |
| EOY | $196,962,164 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,502,183 | BOYAmt |
| EOY | $89,862,008 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,689,457 | BOYAmt |
| EOY | $9,441,879 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,801,018 | BOYAmt |
| EOY | $315,283,837 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,964,116 | BOYAmt |
| EOY | $12,676,049 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,313,563 | BOYAmt |
| EOY | $117,547,022 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,786,498 | BOYAmt |
| EOY | $15,199,037 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,064,177 | BOYAmt |
| EOY | $145,422,108 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,160,815 | BOYAmt |
| EOY | $1,178,985 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $620,984 | BOYAmt |
| EOY | $620,984 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,955,042 | BOYAmt |
| EOY | $168,061,760 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,736,841 | BOYAmt |
| EOY | $169,861,729 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,801,018 | BOYAmt |
| EOY | $315,283,837 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $3,124,888 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $644,267 | OtherCostOrOtherBasisAmt |
| Book Value | $644,267 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,668,078 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,091,416 | DepreciationAmt |
| Book Value | $4,576,662 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $323,156,799 | OtherCostOrOtherBasisAmt |
| Depreciation | $131,415,564 | DepreciationAmt |
| Book Value | $191,741,235 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $196,962,164 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PATRONAGE CAPITAL ASSIGNED, ASSOC | Desc |
| Book Value | $89,862,008 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $89,862,008 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCUMULATED POST RETIREMENT BENEFITS | $7,472,490 |
| CONSUMER ADVANCES FOR CONSTRUCTION | $671,665 |
| CONSUMER DEPOSITS | $4,931,153 |
| OTHER CURRENT AND ACCRUED LIABILITIES | $2,123,729 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,199,037 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 11 | RecipientCnt |
| Cash Grant | $16,000 | CashGrantAmt |
| Valuation Method Used | CASH | ValuationMethodUsedDesc |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL WILLIAMS | ||||||||||||||
| PRESIDENT/CEO | $906,003 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $119,248 | $0 | $1,025,251 | $0 | $0 | $0 |
| CHARLES G WILLIAMSON III | ||||||||||||||
| VP-FINANCIAL SERVICE | $187,837 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59,322 | $0 | $247,159 | $0 | $0 | $0 |
| ROBERT C BREWER JR | ||||||||||||||
| VP-ENGINEERING | $200,778 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42,325 | $0 | $243,103 | $0 | $0 | $0 |
| BOBBY MCCOUN | ||||||||||||||
| VP-MEMBER SERVICES | $160,347 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,884 | $0 | $221,231 | $0 | $0 | $0 |
| DENISE MYERS | ||||||||||||||
| VP-PUBLIC RELATIONS | $144,404 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,853 | $0 | $205,257 | $0 | $0 | $0 |
| BEONKA STOCKTON | ||||||||||||||
| VP-CORPORATE SERVICE | $158,607 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,783 | $0 | $178,390 | $0 | $0 | $0 |
| JAMES RAINEY | ||||||||||||||
| CREW CHIEF | $130,171 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33,570 | $0 | $163,741 | $0 | $0 | $0 |
| BRAD MARSHALL | ||||||||||||||
| FORMER DIRECTOR | $16,966 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16,966 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | BLUE GRASS WILL REIMBURSE AN EMPLOYEE FOR UP TO $20 PER MONTH FOR A HEALTH CLUB MEMBERSHIP IN COMPLIANCE WITH ITS WELLNESS PROGRAM. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY ONE-HALF PERCENT OR MORE OF ELIGIBLE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING; PROVIDED, THAT NOTICE OF THE MEETING, SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, AUDIT COMMITTEE MEETS WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL QUESTIONNAIRE, DISCLOSING ANY CONFLICTS OF INTEREST OR RELATED PARTY TRANSACTIONS, ARE REQUIRED FOR ALL DIRECTORS AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | 15A&B. EMPLOYEE COMPENSATION: TO BEST SERVE ITS MEMBERS, BLUE GRASS ENERGY IS PROUD TO ATTRACT AND RETAIN EMPLOYEES THAT ARE THE BEST OF THE BEST. THEY ARE COMPENSATED FROM A WAGE AND SALARY PLAN THAT IS EVALUATED ANNUALLY BY CONSULTANTS. NATIONAL, REGIONAL, AND LOCAL LABOR MARKETS ARE EVALUATED TO ASCERTAIN THOSE WAGES ARE IN-LINE WITH THE GEOGRAPHICAL AREA, THE LEVELS OF EXPERIENCE OF EMPLOYEES, AND ARE A COMPETITIVE MARKET WAGE. THIS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS EACH YEAR. THE TOTAL COMPENSATION PAID IN 2023 SHOWN ON THIS FORM 990 INCLUDES RETIREMENT BENEFITS PAID FROM A BENEFIT RESTORATION (BR) PLAN. THE BR PLAN PROVIDES RETIREMENT BENEFITS THAT ARE NOT ABLE TO BE PAID FROM BLUE GRASS ENERGY'S QUALIFIED PENSION PLAN, WHICH IS AVAILABLE TO ALL ELIGIBLE EMPLOYEES, DUE TO IRS IMPOSED LIMITS ON THE COMPENSATION AND BENEFITS USED FOR QUALIFIED PLANS. THE BR PLAN ENSURES THAT EMPLOYEES IMPACTED BY THE IRS LIMITS ARE ABLE TO RECEIVE TOTAL RETIREMENT BENEFITS IN AN EQUITABLE MANNER AS COMPARED TO EMPLOYEES WHO ARE NOT IMPACTED BY THE IRS LIMITS. 15B.DIRECTOR COMPENSATION: BLUE GRASS ENERGY DIRECTORS ARE REQUIRED TO SPEND A SUBSTANTIAL AMOUNT OF TIME AND ENERGY SERVING AS A DIRECTOR. THE COOPERATIVE SERVES APPROXIMATELY 63,000 CONSUMERS IN 23 KENTUCKY COUNTIES AND HAS $315 MILLION IN ASSETS IN ADDITION TO GENERATING $147 MILLION IN ANNUAL REVENUE. THE BOARD'S FIDUCIARY DUTY REQUIRES THEM TO COMMIT TO KEEPING CURRENT ABOUT THE ELECTRIC INDUSTRY, PREPARE FOR AND ATTEND BOARD MEETINGS, AND COMMUNICATE WITH MEMBERS. THE BOARD ALSO CREATES THE STRATEGIC DIRECTION FOR THE FUTURE OF THE COOPERATIVE. BECAUSE OF THESE RESPONSIBILITIES, THEY ARE REQUIRED TO OBTAIN AND KEEP A NATIONAL DIRECTOR CERTIFICATION THROUGH THE NATIONAL RURAL ELECTRIC COOPERATIVES OF AMERICA BY COMPLETING YEARLY TRAINING TARGETS. DIRECTORS DEVOTE MORE THAN 30 HOURS PER MONTH ON AVERAGE, AND AS AS A GROUP DEVOTED OVER 3,100 HOURS TO COOPERATIVE MATTERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | BYLAWS AND FINANCIAL STATEMENTS ARE GIVEN TO MEMBERS ON AN ANNUAL BASIS. EACH YEAR AN ANNUAL MEETING OF THE MEMBERS IS HELD. |
| FORM 990, PART XI, LINE 9: | ACCUMULATED COMPREHENSIVE INCOME 1,413,671. MARGINS ALLOCATED TO MEMBERS 4,513,041. MEMBERSHIPS ISSUED 18,170. OTHER EQUITIES -214,566. REFUNDS OF CAPITAL CREDITS -2,605,428. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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