PRAIRIE LAND ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
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- Organization
- PRAIRIE LAND ELECTRIC COOPERATIVE INC (EIN 48-0354623)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-23
- IRS object ID
- 202422979349301112
- Schema version
- 2023v5.1
- 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 | 2024-10-23T08:49:42-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | 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 | 480354623 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRAIRIE LAND ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRAI | BusinessNameControlTxt |
| Phone | 7858773323 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 360 | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIKE ROGERS | PersonNm |
| Person Title | BOARD PRESIDENT | PersonTitleTxt |
| Phone | 7858773323 | PhoneNum |
| Signature | 2024-10-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2024-10-21 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KIRK GIRARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 360 | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $65,593,923 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PRAIRIELANDELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | KS | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 97 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $101,256 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $74,618,848 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $65,129,534 | CYProgramServiceRevenueAmt |
| PY Investment Income | $126,016 | PYInvestmentIncomeAmt |
| CY Investment Income | $266,830 | CYInvestmentIncomeAmt |
| PY Other Revenue | $369,187 | PYOtherRevenueAmt |
| CY Other Revenue | $191,950 | CYOtherRevenueAmt |
| PY Total Revenue | $75,114,051 | PYTotalRevenueAmt |
| CY Total Revenue | $65,588,314 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $30,538 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $30,164 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,838,727 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,114,578 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,237,412 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,954,737 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $61,007,374 | PYOtherExpensesAmt |
| CY Other Expenses | $51,488,835 | CYOtherExpensesAmt |
| PY Total Expenses | $75,114,051 | PYTotalExpensesAmt |
| CY Total Expenses | $65,588,314 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $196,002,147 | TotalAssetsBOYAmt |
| Total Assets EOY | $197,680,042 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $108,056,238 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $107,152,489 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $87,945,909 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $90,527,553 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND SUPPORT OUR COMMUNITIES BY PROVIDING SAFE, RELIABLE ENERGY SERVICES AND EDUCATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 24,630 ACTIVE SERVICES AT YEAR END. | Desc |
| 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 | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | 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 | 0 | 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 | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 97 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 97 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $65,408,506 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,427,193 | 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | 0 | 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 | ALISHA STARK CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7858773323 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 360 | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 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 |
|---|---|---|---|---|---|---|---|---|
| SANDRA BENOIT | ||||||||
| SECRETARY | 16.90 | Yes (X) | Yes (X) | $17,500 | $0 | $0 | ||
| IVAN BOHL | ||||||||
| TRUSTEE | 7.10 | Yes (X) | $11,550 | $0 | $0 | |||
| JERRY GALLAGHER | ||||||||
| TRUSTEE (JAN-MAR) | 8.80 | Yes (X) | $3,150 | $0 | $0 | |||
| RONALD GRIFFITH | ||||||||
| PRESIDENT | 16.00 | Yes (X) | Yes (X) | $20,650 | $0 | $0 | ||
| OTTO LEVIN | ||||||||
| TRUSTEE | 6.50 | Yes (X) | $10,150 | $0 | $0 | |||
| ROBERT PAXSON | ||||||||
| TREASURER | 7.00 | Yes (X) | Yes (X) | $11,900 | $0 | $0 | ||
| WILLIAM PETERSON | ||||||||
| TRUSTEE | 11.00 | Yes (X) | $15,750 | $0 | $0 | |||
| MIKE ROGERS | ||||||||
| VICE PRESIDENT | 7.50 | Yes (X) | Yes (X) | $11,200 | $0 | $0 | ||
| KEITH ROSS | ||||||||
| TRUSTEE | 8.50 | Yes (X) | $21,000 | $0 | $0 | |||
| LOWELL THOMAN | ||||||||
| TRUSTEE (APR-DEC) | 3.80 | Yes (X) | $8,050 | $0 | $0 | |||
| SCOTT URBAN | ||||||||
| TRUSTEE | 7.80 | Yes (X) | $9,800 | $0 | $0 | |||
| ERIC WITMER | ||||||||
| TRUSTEE | 9.00 | Yes (X) | $12,950 | $0 | $0 | |||
| KIRK GIRARD | ||||||||
| CEO | 50.00 | Yes (X) | $283,909 | $0 | $264,572 | |||
| ALISHA STARK | ||||||||
| CFO | 46.00 | Yes (X) | $189,380 | $0 | $94,794 | |||
| JAMES COASH | ||||||||
| OPERATIONS MANAGER - EAST | 40.00 | $184,162 | $0 | $105,862 | Yes (X) | |||
| LON DEAN WISEMAN | ||||||||
| OPERATIONS MANAGER - WEST | 45.00 | $184,791 | $0 | $91,987 | Yes (X) | |||
| SHANE SCHUMAKER | ||||||||
| DIRECTOR OF TECHNICAL SERVICES | 41.00 | $149,915 | $0 | $67,997 | Yes (X) | |||
| APRIL KARNOPP | ||||||||
| DIRECTOR OF ADMINISTRATION | 45.00 | $141,507 | $0 | $93,835 | Yes (X) | |||
| DAVID TIEMEYER | ||||||||
| AREA SUPERVISOR | 45.90 | $127,714 | $0 | $71,057 | Yes (X) | |||
| BRETT MCCHESNEY | ||||||||
| CONSTRUCTION FOREMAN | 47.40 | $125,000 | $0 | $40,761 | Yes (X) | |||
| BRANDON BLUE | ||||||||
| AREA SUPERVISOR | 43.80 | $122,928 | $0 | $44,457 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,662,956 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $875,322 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 51 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | 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 |
|---|---|---|---|---|---|
| SUNFLOWER ELECTRIC POWER CORP | |||||
| 301 WEST 13TH STREET | HAYS | KS | 67601 | ENGINEERING SERVICES & SUBSTATION MAINTE | $3,408,715 |
| SOLIDA TREE SERVICE INC | |||||
| PO BOX 421 | PHILLIPSBURG | KS | 67661 | TREE TRIMMING | $538,657 |
| NATIONAL INFORMATION SOLUTIONS COOPERATI | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | SOFTWARE PROVIDER & OTHER SERVICES | $411,886 |
| MIDWEST ELECTRIC TRANSFORMER SERVICES | |||||
| 1324 N OLIVER RD | NEWTON | KS | 67114 | TRANSFORMER REPAIRS | $154,407 |
| SENGER CONSTRUCTION LLC | |||||
| 300 N NASH STREET | GLEN ELDER | KS | 67446 | CONSTRUCTION CONTRACTOR | $131,627 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $61,029,017 | $61,029,017 |
| PATRONAGE DIVIDENDS | 221000 | $2,266,809 | $2,266,809 |
| SERVICE FEES | 221000 | $1,655,615 | $1,655,615 |
| OTHER PROGRAM REVENUES | 221000 | $178,093 | $178,093 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $65,129,534 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $147,872 | TotalRevenueColumnAmt |
| Exclusion | $147,872 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $124,567 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $5,609 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $118,958 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $118,958 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $118,958 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| MERCHANDISING/HVAC JOBBING | 221000 | $177,642 | $76,386 | $101,256 | |
| POLE ATTACHMENT INCOME | 221000 | $13,113 | $13,113 | ||
| MISC. NON-OPERATING INCOME | 221000 | $1,195 | $1,195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $191,950 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $65,588,314 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $65,324,878 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $101,256 | UnrelatedBusinessRevenueAmt |
| Exclusion | $162,180 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,164 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,114,578 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,553,107 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,648,493 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,111,208 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,238,023 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,906 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,235,239 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,260,202 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $34,314,698 |
| DISTRIBUTION EXPENSE | $3,784,083 |
| ADMINISTRATIVE & GENERA | $3,461,662 |
| OTHER DEDUCTIONS | $307,726 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$1,874,775 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,588,314 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,485,777 | BOYAmt |
| EOY | $1,757,406 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,718,141 | BOYAmt |
| EOY | $54,596 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,590,570 | BOYAmt |
| EOY | $6,418,535 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,268 | BOYAmt |
| EOY | $173,476 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,036,548 | BOYAmt |
| EOY | $3,768,363 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $593,565 | BOYAmt |
| EOY | $472,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $211,145,267 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $80,416,983 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,453,888 | BOYAmt |
| EOY | $130,728,284 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,317,782 | BOYAmt |
| EOY | $52,020,677 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,665,608 | BOYAmt |
| EOY | $2,286,347 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,002,147 | BOYAmt |
| EOY | $197,680,042 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,475,342 | BOYAmt |
| EOY | $9,192,167 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,970,549 | BOYAmt |
| EOY | $96,716,111 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,610,347 | BOYAmt |
| EOY | $1,244,211 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,056,238 | BOYAmt |
| EOY | $107,152,489 | 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 | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,945,909 | BOYAmt |
| EOY | $90,527,553 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,945,909 | BOYAmt |
| EOY | $90,527,553 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,002,147 | BOYAmt |
| EOY | $197,680,042 | 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 | $2,581,644 | 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 | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $359,925 | OtherCostOrOtherBasisAmt |
| Book Value | $359,925 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,674,086 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,218,065 | DepreciationAmt |
| Book Value | $6,456,021 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $197,519,561 | OtherCostOrOtherBasisAmt |
| Depreciation | $78,198,918 | DepreciationAmt |
| Book Value | $119,320,643 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,591,695 | OtherCostOrOtherBasisAmt |
| Book Value | $4,591,695 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $130,728,284 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL ASSOCIATED ORGANIZATIONS | $313,732 | C |
| PATRONAGE CAPITAL - KEPCO | $1,075,905 | C |
| PATRONAGE CAPITAL - SUNFLOWER ELECTRIC | $35,455,339 | C |
| PATRONAGE CAPITAL - NRTC | $1,889 | C |
| PATRONAGE CAPITAL - MKEC | $11,370,584 | C |
| PATRONAGE CAPITAL - FEDERATED RURAL INSURANCE | $492,595 | C |
| PATRONAGE CAPITAL - CFC | $1,741,917 | C |
| CAPITAL TERM CERTIFICATES - CFC | $615,177 | C |
| OTHER INVESTMENTS | $953,539 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $52,020,677 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $763,379 |
| UNAMORTIZED GAIN ON REACQUIRED DEBT | $269,217 |
| OTHER DEFERRED CREDITS | $211,615 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,244,211 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $65,280,588 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $65,280,588 | RevenueSubtotalAmt |
| Other Revenues Not Included | $307,726 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $307,726 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $65,588,314 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,166,010 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $60,166,010 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,422,304 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,422,304 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $65,588,314 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | MERCHANDISING/HVAC EXPENSES RECLASSED TO PART IX 307,726. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 5,114,578. MERCHANDISING/HVAC EXPENSES RECLASSED TO PART IX 307,726. |
| PART IX: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KIRK GIRARD | ||||||||||||||
| CEO | $276,061 | $0 | $0 | $0 | $7,848 | $0 | $239,705 | $0 | $24,867 | $0 | $548,481 | $0 | $0 | $0 |
| JAMES COASH | ||||||||||||||
| OPERATIONS MANAGER - EAST | $175,889 | $0 | $0 | $0 | $8,273 | $0 | $84,239 | $0 | $21,623 | $0 | $290,024 | $0 | $0 | $0 |
| ALISHA STARK | ||||||||||||||
| CFO | $188,366 | $0 | $0 | $0 | $1,014 | $0 | $63,684 | $0 | $31,110 | $0 | $284,174 | $0 | $0 | $0 |
| LON DEAN WISEMAN | ||||||||||||||
| OPERATIONS MANAGER - WEST | $173,533 | $0 | $0 | $0 | $11,258 | $0 | $68,008 | $0 | $23,979 | $0 | $276,778 | $0 | $0 | $0 |
| APRIL KARNOPP | ||||||||||||||
| DIRECTOR OF ADMINISTRATION | $139,657 | $0 | $0 | $0 | $1,850 | $0 | $60,389 | $0 | $33,446 | $0 | $235,342 | $0 | $0 | $0 |
| SHANE SCHUMAKER | ||||||||||||||
| DIRECTOR OF TECHNICAL SERVICES | $148,957 | $0 | $0 | $0 | $958 | $0 | $36,830 | $0 | $31,167 | $0 | $217,912 | $0 | $0 | $0 |
| DAVID TIEMEYER | ||||||||||||||
| AREA SUPERVISOR | $126,574 | $0 | $0 | $0 | $1,140 | $0 | $51,086 | $0 | $19,971 | $0 | $198,771 | $0 | $0 | $0 |
| BRANDON BLUE | ||||||||||||||
| AREA SUPERVISOR | $120,967 | $0 | $0 | $0 | $1,961 | $0 | $13,938 | $0 | $30,519 | $0 | $167,385 | $0 | $0 | $0 |
| BRETT MCCHESNEY | ||||||||||||||
| CONSTRUCTION FOREMAN | $123,803 | $0 | $0 | $0 | $1,197 | $0 | $20,312 | $0 | $20,449 | $0 | $165,761 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. KIRK GIRARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 231,317 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,388 TOTAL REPORTED IN COLUMN C $ 239,705 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (231,317) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 88,152 EXPENSE TO THE COOPERATIVE $ 96,540 JAMES COASH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 78,932 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,307 TOTAL REPORTED IN COLUMN C $ 84,239 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (78,932) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 29,477 EXPENSE TO THE COOPERATIVE $ 34,784 ALISHA STARK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 57,997 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,687 TOTAL REPORTED IN COLUMN C $ 63,684 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (57,997) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 60,237 EXPENSE TO THE COOPERATIVE $ 65,924 LON DEAN WISEMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 62,701 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,307 TOTAL REPORTED IN COLUMN C $ 68,008 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (62,701) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 56,251 EXPENSE TO THE COOPERATIVE $ 61,558 APRIL KARNOPP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,084 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,305 TOTAL REPORTED IN COLUMN C $ 60,389 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,084) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,603 EXPENSE TO THE COOPERATIVE $ 49,908 SHANE SCHUMAKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 32,315 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,515 TOTAL REPORTED IN COLUMN C $ 36,830 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (32,315) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,689 EXPENSE TO THE COOPERATIVE $ 52,204 DAVID TIEMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 47,715 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,371 TOTAL REPORTED IN COLUMN C $ 51,086 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (47,715) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,732 EXPENSE TO THE COOPERATIVE $ 39,103 BRANDON BLUE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,642 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,296 TOTAL REPORTED IN COLUMN C $ 13,938 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,642) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,935 EXPENSE TO THE COOPERATIVE $ 38,231 BRETT MCCHESNEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,170 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,142 TOTAL REPORTED IN COLUMN C $ 20,312 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,170) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,303 EXPENSE TO THE COOPERATIVE $ 36,445 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (17 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS 6. OTHER MATTERS RESERVED BY AND FOR THE MEMBERS, SUCH AS VOTING TO REMAIN REGULATED OR TO BECOME DEREGULATED. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT. THEN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM IS COMPLETED. |
| FORM 990, PART VI, SECTION B, LINE 15 | PRAIRIE LAND COOPERATIVE ENROLLED IN THE NRECA COMPENSATION PROGRAM TO EVALUATE AND GRADE EACH POSITION WITHIN OUR COOPERATIVE. NRECA THEN PROVIDES PRAIRIE LAND ELECTRIC COOPERATIVE WITH THE REGIONAL AND NATIONAL WAGE RANGE FOR A POSITION WITH SIMILAR RESPONSIBILITIES. ALL WAGES ARE WITHIN THE PAY RANGE FOR EMPLOYEES. THE BOARD OF TRUSTEES APPROVES THE CEO WAGES ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND YEAR END FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A COPY OF THE YEAR END BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE ANNUAL REPORT AND BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990, PART VIII, LINE 2B: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 6,201,600 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (153,650) LESS: EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (557,215) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 65,200 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 2,339,554 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 847,405 TOTAL WAGES ACCRUED AND/OR PAID $ 8,742,894 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CUSTOMER ACCOUNTS $ 1,216,130 CUSTOMER SERVICE & INFORMATION 627,315 OTHER TAXES 3,423 TRANSMISSION 766,526 TOTAL OTHER EXPENSES PER FINANCIAL STATEMENTS $ 2,613,394 LESS: RECLASS OF LABOR AND BENEFITS (4,488,169) TOTAL OTHER EXPENSES PER FORM 990, PART IX $(1,874,775) |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 2,349,431 OFFICE SUPPLIES 309,635 OUTSIDE SERVICES 209,916 INJURIES AND DAMAGES 208,140 EMPLOYEE PENSION & BENEFITS 206,936 REGULATORY COMMISSION 25,460 DIRECTORS 204,535 ANNUAL MEETING EXPENSE 68,617 ADVERTISING 13,430 DONATIONS 30,164 DUES AND SUBSCRIPTIONS 163,161 MISCELLANEOUS GENERAL 299,782 MAINTENANCE OF GENERAL PLANT 176,602 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 4,265,809 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (30,164) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (153,650) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (387,007) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (233,326) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 3,461,662 |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RURAL UTILITIES SERVICE (RUS) UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ASSIGNABLE 5,114,578. PATRONAGE CAPITAL RETIRED - TOTAL -2,759,758. PATRONAGE CAPITAL RETIRED - DISCOUNT 165,440. DONATED CAPITAL 61,384. |
| FORM 990, PART XII, LINE 2C: | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRAIRIE LAND PLUS INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 360 | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 481148506 | EIN |
| Primary Activities | DORMANT CORPORATION | PrimaryActivitiesTxt |
| Legal Domicile State | KS | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRAIRIE LAND ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |