2025-08-22T18:03:04-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 930137415 CENTRAL ELECTRIC COOPERATIVE CENT 5415482144 PO BOX 846 REDMOND OR 97756 BRAD WILSON PRESIDENT/CEO 5415482144 2025-08-22 1 1 EMINA O CRESSWELL CPA P01217304 5032421447 2025-08-19 2024 2025-03-06 01:10:19Z BRAD WILSON PO BOX 846 REDMOND OR 97756 90010884 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 94 0 0 0 0 0 70253518 74810632 588303 710913 1918378 3111809 72760199 78633354 952477 1528121 9784134 6782943 2686346 1824988 0 0 0 57891074 67234361 71314031 77370413 1446168 1262941 258999374 270383184 86502549 92419096 172496825 177964088 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 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 110 0 1 94 1 0 0 0 0 0 79390825 10279716 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 EDDIE KIP LIGHT CHAIRMAN 9.00 1.00 X X 37607 0 0 KELLY MCFARLANE VICE CHAIRMAN 5.00 1.00 X X 23072 0 0 KEN MILTENBERGER SECRETARY/TREASURER 5.00 1.00 X X 25181 0 0 BOYD KEETON DIRECTOR 5.00 1.00 X 36749 0 0 TOM STRAND DIRECTOR 5.00 1.00 X 35572 0 0 MARK CHRISTIE DIRECTOR 5.00 1.00 X 35677 0 0 BEVERLY CLARNO DIRECTOR 5.00 1.00 X 36012 0 0 DAN STEELHAMMER DIRECTOR 5.00 1.00 X 15649 0 0 SAM MCKENZIE DIRECTOR 5.00 1.00 X 22699 0 0 BRAD WILSON CEO/PRESIDENT 57.00 8.00 X 442736 0 324388 SHANE MORGAN VP FINANCE & ACCOUNTING 55.00 8.00 X 257280 0 81098 TODD FEHRENBACHER SERVICEMAN 57.00 X 216546 0 112717 CHRIS LAITE LINEMAN 57.00 X 252823 0 85621 RYAN DAVIES VP CUSTOMER & ENERGY SERVI 55.00 X 231209 0 71497 KEVIN ROHDE VP OPERATIONS/ENGINEERING 55.00 X 225656 0 79752 ZACHARY IRZYK LINEMAN 57.00 X 204566 0 38683 2099034 0 793756 51 0 1 0 YATES LINE CONSTRUCTION PO BOX 908 GARIBALDI OR 97118 CONSTRUCTION 1775705 OLIN SITZ EXCAVATION 17425 JORDAN ROAD SISTERS OR 97759 CONSTRUCTION 1568789 JENSEN'S TREE SERVICE PO BOX 610 WINSTON OR 97496 TREE TRIMMING 1367471 DAVID EVANS AND ASSOCIATES DEPT LA 24340 PASADENA CA 91185 ENGINEERING 589513 DJ'S ELECTRICAL INC PO BOX 289 BRUSH PRAIRIE WA 98606 CONSTRUCTION 478507 16 ELECTRIC RELATED SALES 221000 74564884 74564884 POLE RENTAL AGREEMENT 532289 245748 245748 74810632 408999 408999 10538 0 10538 10538 10538 11640000 39444 11303576 73954 336424 -34510 301914 301914 REFUND INCOME 900099 1473605 1473605 SUBSIDIARY INCOME 900099 1262941 1262941 PATRONAGE ALLOCATION 900099 364725 364725 3101271 78633354 77666155 0 967199 1299521 228600 6782943 1226522 598466 1390909 2428425 8765117 PURCHASED POWER AND TRA 37699270 ADMINISTRATIVE AND GENE 6094428 DISTRIBUTION 5539107 CUSTOMER SERVICE & CONS 3008092 2309013 77370413 158124 426872 13649128 20703581 8238178 8417144 13705 13668 3769073 5531055 1042372 1206340 318907258 137110157 175188218 181797101 48771917 42775017 8168659 9512406 258999374 270383184 7552241 9078852 3632 0 56668985 60499092 22277691 22841152 86502549 92419096 X 0 0 6355599 7154915 166141226 170809173 172496825 177964088 258999374 270383184 X 1262941 39605 4164717 X 0 1 X 1 0 1068394 1068394 8026728 3907262 4119466 19537 2961 16576 302369367 133199934 169169433 7423232 7423232 181797101 CAPITAL TERM CERTIFICATES 1422514 C PATRONAGE CAPITAL 7021719 C INVESTMENT IN SUBSIDIARIES 34069696 C OTHER INVESTMENTS 261088 C 42775017 DEFERRED COMPENSATION 2635189 CONSTRUCTION ADVANCES 2086948 UNCLAIMED CREDITS 7402019 POST RETIREMENT BENEFITS 10021910 CONSUMER DEPOSITS 695086 22841152 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, 2024 AND 2023, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS, THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. 1 SISTERS HABITAT FOR HUMANITY PO BOX 238 SISTERS OR 97759 931039346 501(C)(3) 19630 0 ENERGY EFFICIENCY INCENTIVE PAHLISCH PURCELL HOLDINGS LLC 210 SW WILSON AVE STE 100 BEND WA 97702 611910293 7500 0 ENERGY EFFICIENCY INCENTIVE QUALITY HEATING INC PO BOX 189 REDMOND OR 97756 930824660 7000 0 ENERGY EFFICIENCY INCENTIVE MT VIEW HEATING INC 110 SE 9TH BEND OR 97702 930753352 7600 0 ENERGY EFFICIENCY INCENTIVE COSTCO WHOLESALE CORP 730 LAKE DRIVE ISSAQUAH OR 98027 911223280 44583 0 ENERGY EFFICIENCY INCENTIVE TESLA INC 12832 FRONTRUNNER BLVD STE 100 DRAPER OR 84020 912197729 8000 0 ENERGY EFFICIENCY INCENTIVE SP 260 LIMITED PARTNERSHIP 210 SW WILSON AVE STE 100 BEND OR 97702 861669915 59917 0 ENERGY EFFICIENCY INCENTIVE BEND SURGERY CENTER LLC 1342 NE MEDICAL CENTER DR STE 170 BEND OR 97701 911772048 7971 0 ENERGY EFFICIENCY INCENTIVE SAMUEL LONG CONSTRUCTION 3176 SW BLACK BUTTE LANE REDMOND OR 97756 851480955 78585 0 ENERGY EFFICIENCY INCENTIVE CASCADE MEADOW RANCH ASSOCIATION PO BOX 687 SISTERS OR 97759 930978006 12750 0 ENERGY EFFICIENCY INCENTIVE VIBBERT RANCH 9655 NW MYRTLE AVE MADRAS OR 97741 930776513 15000 0 ENERGY EFFICIENCY INCENTIVE ENERGY CONSERVATION INSULATION LLC PO BOX 7772 BEND OR 97708 881522324 36690 0 ENERGY EFFICIENCY INCENTIVE PERFORMANCE INSULATION & ENERGY SERVICES 13939 SW TUALATIN SHERWOOD RD SHERWOOD OR 97140 462325577 26891 0 ENERGY EFFICIENCY INCENTIVE ROTH HOME PO BOX 1265 CANBY OR 97013 930656884 11200 0 ENERGY EFFICIENCY INCENTIVE JOHNSON BROTHERS APPLIANCES PO BOX 129 BEND OR 97709 930607111 66493 0 ENERGY EFFICIENCY INCENTIVE JUST KOMFORT HEATING & COOLING LLC PO BOX 1375 REDMOND OR 97756 874806689 618333 0 ENERGY EFFICIENCY INCENTIVE ACCUAIR INC 555 NE HEMLOCK AVE 102 REDMOND OR 97756 364619551 5590 0 ENERGY EFFICIENCY INCENTIVE GREENSAVERS USA INC 4 NW FRANKLIN AVE BEND OR 97703 870798873 70244 0 ENERGY EFFICIENCY INCENTIVE RAWHIDE EXCAVATING INC 7729 NE WARD RD MADRAS OR 97741 262991815 10500 0 ENERGY EFFICIENCY INCENTIVE K & S FARMS 7335 NE WARD DRIVE MADRAS OR 97741 931014545 21675 0 ENERGY EFFICIENCY INCENTIVE CITY OF BEND PO BOX 1458 BEND OR 97709 936002126 CITY OF BEND 19680 0 ENERGY EFFICIENCY INCENTIVE ST CHARLES HEALTH SYSTEM INC 2500 NE NEFF RD BEND OR 97701 930602940 12872 0 ENERGY EFFICIENCY INCENTIVE SISTERS HEATING AND AIR LLC PO BOX 2102 SISTERS OR 97759 882470541 5600 0 ENERGY EFFICIENCY INCENTIVE ORECA 8565 SW SALISH LN 130 WILSONVILLE OR 97070 930593238 6233 0 YOUTH TOUR PROGRAM COCC FOUNDATION 2500 NW COLLEGE WAY BEND OR 97701 936041247 501(C)(3) 9500 0 SCHOLARSHIPS UNITED WAY PO BOX 5969 BEND OR 97708 936012576 501(C)(3) 5627 0 SCHOLARSHIPS OREGON EMPOWERS FOUNDATION 8565 SW SALISH LN 130 WILSONVILLE OR 97070 845162784 501(C)(3) 10000 0 GENERAL SUPPORT VETERANS 5 22 ENERGY EFFICIENCY INCENTIVE 250 228600 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 BRAD WILSON CEO/PRESIDENT 334695 0 51975 0 56066 0 288561 0 35827 0 767124 0 0 0 CHRIS LAITE LINEMAN 247384 0 4567 0 872 0 68241 0 17380 0 338444 0 0 0 SHANE MORGAN VP FINANCE & ACCOUNTING 234668 0 18391 0 4221 0 48796 0 32302 0 338378 0 0 0 TODD FEHRENBACHER SERVICEMAN 211054 0 4612 0 880 0 81758 0 30959 0 329263 0 0 0 KEVIN ROHDE VP OPERATIONS/ENGINEERING 199648 0 14909 0 11099 0 48045 0 31707 0 305408 0 0 0 RYAN DAVIES VP CUSTOMER & ENERGY SERVI 194475 0 19918 0 16816 0 39555 0 31942 0 302706 0 0 0 ZACHARY IRZYK LINEMAN 202463 0 1577 0 526 0 8281 0 30402 0 243249 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. 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 2,630. RETIREMENT OF CAPITAL CREDITS, NET -3,417,542. DONATED CAPITAL 796,686. 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 6,782,943. CEC RESOURCES PO BOX 846 REDMOND OR 97756 931306228 INVESTMENT OR CENTRAL ELECTRIC COOPERATIVE C 1302402 34237362 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 7324722 COST