2024-04-26T12:06:41-07:00 2023-12-31 990 2023-01-01 810228814 SOUTHEAST ELECTRIC COOPERATIVE INC SOUT 4067758762 PO BOX 369 EKALAKA MT 59324 KAREN KREITEL SECRETARY/TREASURER 4067758762 2021-05-05 KAREN KREITEL 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z X Tye B Williams 110 S Main Street PO Box 369 Ekalaka MT 59324 8679420 0 X www.seecoop.com X 1946 MT MISSION STATEMENT: THROUGH DEDICATION, COOPERATION, COMMUNITY INVOLVEMENT AND LOCAL CONTROL, WE PROVIDE SAFE, DEPENDABLE, AFFORDABLE ENEGY, AND INNOVATIONS FOR THE BETTERMENT OF OUR MEMEBERS TO IMPROVE THE QUALITY OF LIFE AND CREATE A BRIGHTER FUTURE FOR ALL. 6 6 14 0 6600 0 0 0 8066862 8270739 137110 393611 137 7724 8204109 8672074 33229 57530 1599463 1479122 1868814 1722861 0 0 0 4702603 5412561 8204109 8672074 0 0 24106623 24822687 9932146 9603640 14174477 15219047 THROUGH DEDICATION, COOPERATION, COMMUNITY INVOLVEMENT, AND LOCAL CONTROL, WE PROVIDE SAFE, DEPENABLE, AFFORDABLE ENERGY AND INNOVATION FOR THE BETTERMENT OF OUR MEMBERS TO IMPROVE THE QUALITY OF LIFE AND CREATE A BRIGHTER FUTURE FOR ALL. 0 0 4036984 255441 PURCHASE OF POWER TO DISTRIBUTE TO OUR MEMBERS 3155968 7955241 BUILDING AND MAINTENANCE OF DISTRIBUTION AND TRANSMISSION POWER LINES TO SERVE OUR MEMEBERS 1479122 0 CAPITAL CREDITS FOR MEMBERS 0 0 0 8672074 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 14 1 0 0 0 0 0 7901648 46946 0 0 0 X 6 6 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SOUTHEAST ELECTRIC COOPERATIVE INC 4067758762 PO BOX 369 110 S Main Street EKALAKA MT 59324 Tye B Williams General Manager 40 0 X 108825 0 74021 Adam Kuntz Lead Lineman 40 0 X 106070 0 73491 Samuel Erfman Crew Foreman 40 0 X 103360 0 70297 JACK E HAMBLIN Project Manager 40 0 X 120792 0 44020 DOUGLAS GARDNER DIRECTOR 3.16 2.12 X 10328 0 0 ALBERT PAUL PRESIDENT, DIRECTOR 4.10 1.27 X X 9807 0 0 MICHAEL HANSEN VICE PRESIDENT, DIRECTOR 2.77 0.77 X X 9373 0 0 CLAYTON JARDEE DIRECTOR 1.85 1.14 X 8705 0 0 DAVE HAYDEN DIRECTOR 2.31 1.52 X 8203 0 0 KAREN KREITEL SECRETARY/TREASURER, DIRECTOR 2.41 0.5 X X 6419 0 0 491882 0 261829 4 0 1 0 0 0 0 0 0 0 0 0 0 Sales of Electricity 221000 7901648 7901648 0 0 Generation and Transmission Capital Credits 221000 255441 255441 0 0 Other Capital Credits 221000 74428 74428 0 0 Other program service revenue 221000 0 0 0 0 39222 39222 0 0 8270739 393611 393611 0 0 0 0 0 0 0 0 0 0 6600 0 0 0 6600 0 6600 0 6600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8470 7346 1124 1124 0 0 0 8672074 8665474 6600 0 X 24037 24037 33493 33493 0 0 1479122 1479122 239136 239136 0 0 0 0 0 0 901259 901259 0 0 254703 254703 0 0 238460 238460 0 0 89303 89303 0 0 0 0 0 0 21352 21352 0 0 12300 12300 0 0 432 432 0 0 0 0 4549 4549 0 0 21988 21988 0 0 7160 7160 0 0 9859 9859 0 0 64180 64180 0 0 0 0 0 0 213212 213212 0 0 173405 173405 0 0 0 0 0 0 10822 10822 0 0 369630 369630 0 0 49880 49880 0 0 805164 805164 0 0 45765 45765 0 0 3602863 3602863 0 0 8672074 8672074 0 0 1083959 717042 5689006 7881875 0 0 911790 922851 0 0 0 0 0 0 483302 726130 19124 53446 19172300 8388767 12174011 10783533 0 0 0 0 0 0 3741147 3737810 4284 0 24106623 24822687 834454 965879 0 0 0 0 0 0 0 0 0 0 9097692 8637761 0 0 9932146 9603640 X 14174477 15219047 0 0 0 0 14174477 15219047 24106623 24822687 X 0 0 0 0 0 1044570 X 1 X 1 X 0 0 78704 0 78704 1738985 0 495979 1243006 0 0 0 0 17067238 0 7625342 9441896 287373 0 267446 19927 10783533 8641413 0 0 0 1763137 1763137 6878276 0 1793798 1793798 8672074 6870673 0 0 0 910496 910496 5960177 0 2711897 2711897 8672074 Schedule D, Part XI, Line 2d November and December 2022 interest, electric revenue, plus November and December 2022 capital credits allocated to Southeast Electric. Schedule D, Part XI, Line 4b November and December 2023 interest and revenue plus November and December 2023 capital credits allocated Schedule D, Part XII, Line 2d November and December 2022 expenses less capital credits Schedule D, Part XII, Line 4b November and December 2023 expenses plus capital credits 1 JS AG Service LLC For Ekalaka Track & Arena 81-6009040 PO Box 3647 Gillette WY 82717 921044576 20000 0 0 To upgrade the security lights for the Ekalaka Track & Arena to Energy Efficient LED lights Energy Share of Montana 3117 Cooney Dr Ste 102 Helena MT 59602 810411562 11250 0 Funds were sent to Energy Share of Montana to assist low-income qualifiers Carter County 4H 520 Larson Loop c/o Sharon Higgins Hammond MT 59332 10370 0 Cost at the livestock auction 0 Funds go to 4H particpants 1 2 None 0 0 0 Grants were not issued to individuals, only organizations. Schedule I, Part I, Line 2 All grant funds are set up in a special account, with a review of the funds being done as they are distributed and at the end of the year to verify they have been received and used as requested. X 1 1 X X 0 0 0 JACK E HAMBLIN Project Manager 120792 0 0 0 853 0 33115 0 10869 0 165629 0 95805 0 Tye B Williams General Manager 108825 0 0 0 935 0 42693 0 31216 0 183669 0 47993 0 Adam Kuntz Lead Lineman 106070 0 0 0 793 0 42305 0 31089 0 180257 0 51861 0 Samuel Erfman Crew Foreman 103360 0 0 0 793 0 39111 0 31089 0 174353 0 50933 0 Schedule J, Part I, Line 1a A credit card is supplied to the Directors and employees with a credit limit for all. Schedule J, Part I, Line 3 The General Manager gets the salary information from Montana Electric Cooperative Assn, which is presented to the Board of Directors to review for all employees. Form 990, Part VI, Section A, Line 2 Director Mike Hansen is the brother-in-law of director Clayton Jardee Form 990, Part VI, Section A, Line 6 Southeast Electric Cooperative, Inc. has single, joint and association memberships which are effective upon receipt of electric service. Form 990, Part VI, Section A, Line 7a All members are eligible to vote for or elect members to the Board of Directors. Form 990, Part VI, Section A, Line 7b All members have a right to vote on and approve changes proposed to the by-laws Form 990, Part VI, Section B, Line 11b The completed Form 990 was presented to the Board of Directors prior to and at their regular monthly meeting. After review by the board of directors, Form 990 was signed by the Board President. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy is reviewed annually. Board members are requested to complete and sign the Conflict of Interest Disclosure Statement. Form 990, Part VI, Section B, Line 15 The General Manage gets the Montana Electric Cooperative Assn data on salaries for state cooperatives. A summary is presented to the Board of Directors with the full schedule available. The Board of Directors then act on the compensation for all employees, including the General Manager. Form 990, Part VI, Section C, Line 19 All governing documents, by-laws, Conflict of Interest Policy, Tax documents and financial statements are kept at the office of Southeast Electric Cooperative, Inc., 110 S Main Street, Ekalaka, MT 59324 and are available to the public upon request. Form 990, Part IX, Line 24e Capitalized labor -483,566; Purchased Power 4,052,870; Operation & Maintenance $62,016; 50 Life Ins $4223; Accrued Vacation & HRA -32,680 Form 990, Part XI, Line 9 Changes in net assets include: Patronage $1,479,122; Less estate retirements $84,487; Less General Retirements $350,000; Less retired membership $65.00