SUMNER COWLEY ELECTRIC COOP INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SUMNER COWLEY ELECTRIC COOP INC (EIN 48-0441812)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-24
- IRS object ID
- 202442989349301539
- 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 | 2024-10-24T13:54:52-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743040374 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kelso Lynch PC PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6700 Squibb Rd Ste 215 | AddressLine1Txt |
| City | Mission | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 662023252 | 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 | 480441812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sumner-Cowley Electric Cooperative Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUMN | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 220 | AddressLine1Txt |
| City | Wellington | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67152 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Coni Adams | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 6203263356 | PhoneNum |
| Signature | 2024-10-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | George Lynch | PreparerPersonNm |
| PTIN | P00187596 | PTIN |
| Phone | 9138311150 | PhoneNum |
| Preparation | 2024-10-24 | PreparationDt |
| 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 | Coni Adams | PrincipalOfficerNm |
| Gross Receipts | $12,660,028 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.sucocoop.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | KS | LegalDomicileStateCd |
| Activity Or Mission | To provide reliable energy and related services to our members at the lowest cost. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,288,468 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $12,531,675 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,492 | PYInvestmentIncomeAmt |
| CY Investment Income | $62,753 | CYInvestmentIncomeAmt |
| PY Other Revenue | $47,047 | PYOtherRevenueAmt |
| CY Other Revenue | $65,600 | CYOtherRevenueAmt |
| PY Total Revenue | $13,376,007 | PYTotalRevenueAmt |
| CY Total Revenue | $12,660,028 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $785,278 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $689,828 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $753,486 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $662,571 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,837,243 | PYOtherExpensesAmt |
| CY Other Expenses | $11,307,629 | CYOtherExpensesAmt |
| PY Total Expenses | $13,376,007 | PYTotalExpensesAmt |
| CY Total Expenses | $12,660,028 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $36,302,479 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,315,478 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $12,516,270 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $13,391,133 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,786,209 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $23,924,345 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To provide reliable energy and related services to our members at the lowest cost. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Sumner-Cowley Electric Cooperative, Inc. proudly serves 3,675 members with 1,876 miles of line in rural communities of Sumner, Cowley, Harper, Sedgwick, Butler and Kingman counties. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 101 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 14 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $12,864,189 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $354,596 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Stacy Wiley | PersonNm |
| Phone | 6203263356 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 220 | AddressLine1Txt |
| City | Wellington | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67152 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Coni Adams | ||||||||
| CEO | 45.00 | 0.00 | Yes (X) | $187,894 | $0 | $124,889 | ||
| Stacy Wiley | ||||||||
| Director of Finance | 45.00 | 0.00 | Yes (X) | $109,866 | $0 | $49,377 | ||
| Jordan Creed | ||||||||
| Director of Operations | 45.00 | 0.00 | $109,846 | $0 | $22,798 | Yes (X) | ||
| Jim McMullin | ||||||||
| Director | 5.00 | 0.00 | $12,429 | $0 | $0 | Yes (X) | ||
| Keith Leddy | ||||||||
| Director | 5.00 | 0.00 | $10,425 | $0 | $0 | Yes (X) | ||
| John Schon | ||||||||
| Director | 5.00 | 0.00 | $9,329 | $0 | $0 | Yes (X) | ||
| Gabe Schlickau | ||||||||
| Director | 5.00 | 0.00 | $8,174 | $0 | $0 | Yes (X) | ||
| Jeff Swanson | ||||||||
| Executive Dir | 5.00 | 0.00 | $6,498 | $0 | $0 | Yes (X) | ||
| Craig Knudsen | ||||||||
| Director | 5.00 | 0.00 | $5,788 | $0 | $0 | Yes (X) | ||
| John Beard | ||||||||
| Director | 5.00 | 0.00 | $5,257 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $465,506 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $197,064 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JJ Powerlines Inc | |||||
| PO Box 861 | Dodge City | KS | 67801 | Contract Labor | $1,426,107 |
| Circle G Tree Service | |||||
| 13600 Prentice Road | Newkirk | OK | 74647 | Tree Service | $380,400 |
| Border States | |||||
| NW 7235 P O Box 1452 | Minneapolis | MN | 55485 | Material Supplier | $179,837 |
| Elecricomm Inc | |||||
| P O Box 8324 | Topeka | KS | 66608 | Materials | $220,048 |
| National Information Solutions | |||||
| PO Box 1147 | Mandan | ND | 58554 | Software Provider | $112,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $12,250,326 | $12,250,326 |
| Capital Credits | 221000 | $146,695 | $146,695 |
| Miscellaneous | 221000 | $134,654 | $134,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $12,531,675 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $62,753 | TotalRevenueColumnAmt |
| Exclusion | $62,753 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $13,574 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $13,574 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,574 | TotalRevenueColumnAmt |
| Exclusion | $13,574 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Non-Operating | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $52,026 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $52,026 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $52,026 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,660,028 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,583,701 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $76,327 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $689,828 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $529,927 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,644 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $493,382 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,289,286 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $6,173,010 | $6,173,010 |
| Distribution Expense | $1,872,530 | $1,872,530 |
| Admin & General | $1,021,813 | $1,021,813 |
| Member Services | $449,954 | $449,954 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,654 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,660,028 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,588,228 | BOYAmt |
| EOY | $2,774,549 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,264,808 | BOYAmt |
| EOY | $799,310 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $492,134 | BOYAmt |
| EOY | $464,862 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,548 | BOYAmt |
| EOY | $34,388 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $35,633,635 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,565,453 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,735,340 | BOYAmt |
| EOY | $28,068,182 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,164,421 | BOYAmt |
| EOY | $5,174,187 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,302,479 | BOYAmt |
| EOY | $37,315,478 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,120,445 | BOYAmt |
| EOY | $848,598 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,635 | BOYAmt |
| EOY | $322,545 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,842,588 | BOYAmt |
| EOY | $11,585,455 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $524,602 | BOYAmt |
| EOY | $634,535 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,516,270 | BOYAmt |
| EOY | $13,391,133 | 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 | $2,596,182 | BOYAmt |
| EOY | $2,762,697 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,190,027 | BOYAmt |
| EOY | $21,161,648 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,786,209 | BOYAmt |
| EOY | $23,924,345 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,302,479 | BOYAmt |
| EOY | $37,315,478 | 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 | $138,136 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $227,084 | OtherCostOrOtherBasisAmt |
| Book Value | $227,084 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,237,092 | OtherCostOrOtherBasisAmt |
| Depreciation | $819,056 | DepreciationAmt |
| Book Value | $418,036 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,169,459 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,746,397 | DepreciationAmt |
| Book Value | $27,423,062 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $28,068,182 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investment in Associated Organizati | $4,474,608 | C |
| Other Investments | $300,000 | C |
| Subordinated Certificates | $399,579 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $5,174,187 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Current Liabilities | Desc |
| Amt | $634,535 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $634,535 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,660,028 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $12,660,028 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $12,660,028 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,970,200 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $11,970,200 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $689,828 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $689,828 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,660,028 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other expenses included on Form 990 (Part XII, line 4b) | Margins Assigned to Members $689,828 |
| Footnote for uncertain tax position under FIN 48 (Part X) | The Association has a letter of exemption from federal income tax, issuedby the Internal Revenue Service and filed IRS Form 990 annually. Anevaluation of whether or not it has uncertain tax positions is determinedon an annual basis by the Association While the Association believes ithas adequately provided for all tax positions, amounts asserted by taxingauthorities could be different than the positions taken by the Association.The Association recognizes any interest and penalties assessed by taxingauthorities in income tax expense, and with few exceptions, is no longersubject to federal, state, or local tax examinations by tax authorities foryears prior to 2020. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| Coni Adams | ||||
| CEO | $187,894 | $109,584 | $15,305 | $312,783 |
| Stacy Wiley | ||||
| Director of Finance | $109,866 | $30,502 | $18,875 | $159,243 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | The Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organizations bylaws. |
| Member election for additional members Part VI line 7a | All board members are elected by the membership at the Cooperative. |
| Governing body decisions Part VI line 7b | The members of the Cooperative approve all bylaw changes. |
| Form 990 governing body review Part VI line 11 | The CEO and Director of Finance review the 990. Upon completion of their review the 990 is posted (password protected) on the Cooperative Directors App. The CEO notifies the Board members that the 990 is posted for their review and allows two weeks for their review. A hard copy is also provided to the Board members. Approximately two weeks after posting the 990 is finalized and is authorized by the CEO to be e filed. |
| Conflict of interest policy compliance Part VI line 12c | Conflict of interest documents signed by all boared members after every annual meeting or at a board meeting. |
| CEO executive director top management comp Part VI line 15a | The Board reviews manager comparability data when giving final approval on the CEO salary. The Board looks at manager surveys of KEC and NRECA for comparison purposes prior to giving final approval on salaries. |
| Other officer or key employee compensation Part VI line 15b | The Board looks at manager surveys of KEC and NRECA for comparison purposes prior to giving final approval on salaries. The CEO has access to data to use to evaluate salaries and benefits in comparison to other cooperativesin the state and nationally. |
| Governing documents etc available to public Part VI line 19 | Bylaws are offered to all new members; all other documents are available at any time upon request. Financial statements are published in the Kansas Country Living Magazine on an annual basis. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Net Margins Assigned to Members $ 689,828Capital Credit Gains $ 13,260Increase in Memberships $ 440Other Changes $ 152,815Retirement of Capital Credits $ -718,207 Total $ 138,136 |
| Part III response or note to any other line in Part III | Part III, Line 1 - Organizations MissionSumner-Cowley Electric Cooperative, guided by cooperative principles, pledges to continue building on its heritage of providing reliable energy services with an eye on future technologies. |
| Part IX response or note to any line in Part IX | Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023. |
| Part XII Response or note to any line in Part XII | Part XII, Line 2c - Change in Financial Review ProcessSumner-Cowley Electric Cooperative, Inc. did not change its process of selection or oversight for the year ended December 31, 2023. |