2024-10-07T12:13:37-05:00 2023-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2023-01-01 430188985 Boone Electric Cooperative BOON 5734494181 PO Box 797 Columbia MO 652050797 Todd Culley General Manager 5734494181 2024-10-07 1 0 Dennis G Koch P01210686 2172248484 2024-10-07 X 2023 2024-10-15 13:58:12Z Todd Culley 1413 Rangeline St Columbia MO 65201 72724761 0 X www.booneelectric.coop X 1936 MO To provide electricity to our cooperative members 9 9 103 0 0 0 0 0 68016228 72517881 -126553 180137 0 0 67889675 72698018 263059 248913 1441919 2314309 851357 932432 0 0 0 60264919 64709256 62821254 68204910 5068421 4493108 214466398 219609893 126997643 127648030 87468755 91961863 The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supply of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles. 0 0 68204910 248913 72698018 Retail sale of electricity to members, owners and consumers 68204910 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 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 27 0 1 103 1 0 0 0 0 0 71132510 1565508 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 5734494181 PO Box 797 Columbia MO 652050797 Todd Culley CEO 50.00 X 322976 0 144136 Vicki Kemna Assistant Manager 50.00 X 218430 0 169860 Ryan Euliss CFO/Manager of Finance 50.00 X 197584 0 110880 James Goodnight Operations Manager 45.00 X 171077 0 126704 Andrew Petri Manager of Engineering and 45.00 X 165281 0 82720 Laura Baker Mgr Member Svcs 45.00 X 144654 0 121541 Jason Toalson Line Foreman 45.00 X 129858 0 62847 Joshua Turner Lead Lineman 47.00 X 128206 0 53137 Jeremy Drechsel Journeyman Lineman 47.00 X 126191 0 38030 Scott Douglas System Engineer 40.00 X 125020 0 28557 Darin Schnarre Treasurer 3.00 X X 41244 0 0 John Bullard Director 6.00 X 39239 0 0 Andrew Stanton Director 4.00 X 38194 0 0 Joel Bullard Director 10.00 X 28772 0 0 Kimberly Ponder President 10.00 X X 18292 0 0 Wayne Wilcox Vice President 5.00 X X 14591 0 0 Timothy Hudspeth Director 2.00 X 13141 0 0 Michelle Motley Secretary 5.00 X X 12768 0 0 Frank Glenn Director 3.00 X 6285 0 0 Maria Haag Director 5.00 X 3208 0 0 1945011 0 938412 36 0 1 0 Hentges Tree Service Inc 5905 Old Lohman Rd Jefferson City MO 65109 ROW Clearing 639291 Burbridge Tree Service LLC 4301 W Hwy 124 Harrisburg MO 65256 ROW Clearing 637725 Coil Construction Co 209 E Broadway Columbia MO 65203 Construction 583402 NISC 1 Innovation Circle Lake St Louis MO 63367 Software 522500 Vegetation Management & Control LLC 10651 E Kroeger Rd Centralia MO 65240 ROW Clearing 484825 8 Sales of Energy 221000 68771436 68771436 Capital Credits 221000 2942019 2942019 Other Electric Revenues 221000 682246 682246 Merchandising 221000 104599 104599 Non-Operating Margins 221000 17581 17581 72517881 206880 206880 26743 -26743 -26743 -26743 72698018 72698018 0 0 248913 248913 2314309 2314309 932432 932432 4822200 4822200 6706373 6706373 Cost of Purchased Power 35937039 35937039 Distribution Exp-Mainte 5129276 5129276 Distribution Exp-Operat 4575103 4575103 Administrative and Gene 4371236 4371236 3168029 3168029 68204910 68204910 0 0 6118593 3035488 7151692 6525794 36000 2776817 3849644 1092658 141720 220948742 54480223 159806249 166468519 37451863 39588728 32526 0 214466398 219609893 11139016 9076475 114625590 117391644 1233037 1179911 126997643 127648030 X 0 0 0 0 87468755 91961863 87468755 91961863 214466398 219609893 4493108 0 X 0 1 X 1 0 5055449 5055449 32802546 2744804 30057742 183090747 51735419 131355328 166468519 Boone Electric Supply Company 276 C Boone Electric Satellite Systems Inc 2332521 C A Prime LLC 7899 C NRUCFC - Capital Term Certificates 1501669 C Patronage Capital - Associated Orgs 35746363 C 39588728 RUS Discount 57148 Customer Deposits 1122763 1179911 72698018 0 72698018 0 72698018 65641688 0 65641688 2563222 2563222 68204910 Part XII, Line 4b - Other Adjustments: Capital Credits Retired, reported as amounts paid to members on Form 990 2,314,309. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 248,913. 1 Boone Electric Community Trust PO Box 797 Columbia MO 652050797 431790785 501(c)(3) 248913 0 To provide grants for economic, youth, rural development, education, health and research 1 Part I, Line 2: The Cooperative grants unclaimed capital credits to the Boone Electric Community Trust. The Trust has a separate board of trustees who monitor and select the recipients within the Cooperative's service area. Reports are available to the Cooperative and a member of the Cooperative's management team sits on the Trust's board. 1 X 0 0 0 Todd Culley CEO 309999 0 7600 0 5377 0 119668 0 24468 0 467112 0 0 0 Vicki Kemna Assistant Manager 198538 0 6293 0 13599 0 146369 0 23491 0 388290 0 0 0 Ryan Euliss CFO/Manager of Finance 182507 0 5841 0 9236 0 88020 0 22860 0 308464 0 0 0 James Goodnight Operations Manager 153832 0 5675 0 11570 0 96934 0 29770 0 297781 0 0 0 Andrew Petri Manager of Engineering and 148963 0 5592 0 10726 0 53153 0 29567 0 248001 0 0 0 Laura Baker Mgr Member Svcs 130329 0 5467 0 8858 0 91861 0 29680 0 266195 0 0 0 Jason Toalson Line Foreman 104255 0 24526 0 1077 0 40695 0 22152 0 192705 0 0 0 Joshua Turner Lead Lineman 97618 0 30310 0 278 0 24411 0 28726 0 181343 0 0 0 Jeremy Drechsel Journeyman Lineman 97331 0 28343 0 517 0 25742 0 12288 0 164221 0 0 0 Scott Douglas System Engineer 121534 0 2818 0 668 0 15916 0 12641 0 153577 0 0 0 Part I, Line 3 The Board of directors approves the salary of the CEO annually, based on market conditions and information about other electric cooperatives of similar size. Form 990, Part VI, Section A, line 6 All of the Cooperative customers are members of the cooperative Form 990, Part VI, Section A, line 7a Members of the Cooperative meet at an annual meeting to vote on the board of directors and any changes to the bylaws of the Cooperative Form 990, Part VI, Section A, line 7b Cooperative member/consumers meet at an annual meeting to vote on proposed changes to the bylaws Form 990, Part VI, Section B, line 11b Copies of Federal Form 990 are reviewed by the Board of Directors and formally approved before the return is filed. Form 990, Part VI, Section B, line 12c The organization requires an annual declaration by board members with notification of any change of status during the year. The Cooperative monitors compliance with the policy. Form 990, Part VI, Section B, line 15 Compensation of the Organization's CEO is determined by the Board of Directors based on performance and comparability studies of similar organizations and documented in the minutes of the executive session of the board meetings. Form 990, Part VI, Section C, line 18 Information is available upon request Form 990, Part VI, Section C, line 19 Information on the Cooperative's governing documents are provided to all members and are available upon request from the Cooperative Boone Electric Satellite Systems Inc 1413 Rangeline St Columbia MO 65201 431455156 Satellite Sales MO C -9092 2362100 1.00000 0 Boone Electric Service Company 1413 Rangeline St Columbia MO 65201 431436074 Service Company MO C 405 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 Boone Electric Satellite Systems Inc J 6000 Cost Boone Electric Satellite Systems Inc Q 31333 Cost Boone Electric Satellite Systems Inc N Schedule R, Part V, Question 1 & 2, (n) Boone Electric Cooperative (Cooperative) collects payments for services provided by Boone Electric Satellite Systems, Inc. (Systems). Collections are remitted to Systems on a daily basis. In addition, the Cooperative provides employee labor, facilities use, accounting and record keeping, and other asministrative services to Systems. Systems reimburses the Cooperative for these services on a monthly basis, based on actual cost.