2024-11-06T10:24:16-07:00 2024-06-30 990 2023-07-01 610305525 PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION PENN 2708862555 PO BOX 2900 HOPKINSVILLE KY 422412900 Sandy Grogan VP Finance & Accounting 2708862555 2024-11-06 1 2023 2024-10-15 13:58:12Z Pennyrile Rural Electric Alan Gates PO Box 2900 Hopkinsville KY 422412900 151249772 0 X www.precc.com X 1937 KY Sale of electricity to members. 8 0 121 0 0 0 0 0 147590012 143756454 2293629 2897185 3147400 4596133 153031041 151249772 0 0 0 0 9608252 9112941 0 0 0 137823037 135323977 147431289 144436918 5599752 6812854 293745572 308644525 153255851 161066374 140489721 147578151 Utility Systems Program - Sale of Electricity to Members 0 0 143756454 Utility Systems Programs: Sale of Electricity to Members 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 121 1 0 0 0 0 0 146653639 0 0 0 0 X 8 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Sandy Grogan VP Finance Accounting 2708862555 2000 HARRISON ST PO Box 2900 Hopkinsville KY 42240 Alan Gates President/CEO 65 X 384343 0 45803 Robert C Standard Line Foreman 88 X 244475 0 30397 Sandy Grogan Vice President Finance & Accounting 60.00 X 166008 0 29762 Brent Gilkey Vice President Member Services & Communication 60.00 X 157207 0 29274 William Stokes VP Operations 60.0 X 151099 0 29112 Philip Adler Lineman 60.00 X 153635 0 21307 Mark Giltner Vice President Human Resources 60.00 X 146841 0 26507 James Futrell Board Member 6.94 X 22698 0 0 George Fox Chairman 5.40 X 19673 0 0 Bryson Price Board Member 5.13 X 18573 0 0 Robert Allen Vice Chairman 4.81 X 18298 0 0 James W Lear Board Member 4.88 X 17831 0 0 Joe E Rogers Secretary-Treasurer 4.88 X 17585 0 0 Bates Payne Jr Board Member 4.02 X 17473 0 0 Duane Moore Assistant Secretary-Treasurer 3.27 X 15273 0 0 1551012 0 212162 41 0 1 0 FIBERRISE COMMUNICATIONS INC 12060 COUNTRY LINE RD SUITE J-239 MADISON AL 35756 FIBER CONTRACTORS 13789990 A AND G TREE SERVICE 207 SOUTH ENGLISH ST LEITCHFIELD KY 42754 RIGHT OF WAY 4879576 DAVIS ELLIOT COMPANY INC PO BOX 37251 BALTIMORE MD 21297 LINE CONSTR. CONTRACTORS 3768517 AUBREY SILVEY ENTERPRISE INC PO BOX 890093 CHARLOTTE NC 282890093 SUBSTATION CONSTRUCTION 3666251 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL RD COLUMBIA MS 39429 LINE CONSTR. CONTRACTORS 1750854 25 0 SALE OF ELECTRICITY 221122 143756454 143756454 0 0 0 0 0 0 143756454 2897185 2897185 0 0 0 0 0 0 0 0 0 0 0 4514760 0 0 0 4514760 4514760 0 0 4514760 0 0 JOBBING 221122 45963 45963 0 0 OTHER 221122 35410 0 0 35410 0 0 0 0 81373 151249772 146699602 0 4550170 0 0 0 0 884374 0 5120248 1373723 1240215 494381 0 71220 41000 0 0 0 0 155778 582527 366922 0 7176112 187608 0 25535 4181483 0 11406898 519093 PURCHASED POWER 100523898 SCHOOL AND PROPERTY TAXES 6050661 RIGHT OF WAY EXPENSES 4019109 UNCOLLECTIBLE ACCOUNTS 16133 0 144436918 0 0 0 184224 192504 45860329 30316021 0 0 14043341 13288779 0 0 0 0 1521519 1698393 13505228 7855981 3557880 2827802 378518001 130336676 211705856 248181325 0 0 2109592 2651597 0 0 0 0 1257603 1632123 293745572 308644525 35313967 39944230 0 0 0 0 0 114207194 117139132 0 0 3734690 3983012 153255851 161066374 X 1252381 1309976 4770986 4770986 134466354 141497189 140489721 147578151 293745572 308644525 X 6812854 0 0 0 0 275576 X 1 1 1 1 1 3554210 0 3554210 11903876 0 3841513 8062363 0 0 0 0 363059915 0 126495163 236564752 0 0 0 0 248181325 0 POST RETIREMENT BENEFITS 2306958 ENERGY SERVICE LOANS 1676054 3983012 0 0 0 Alan Gates President/CEO 384343 0 0 0 0 0 19800 0 16107 0 420250 0 0 0 Robert C Standard Line Foreman 244475 0 0 0 0 0 12012 0 16107 0 272594 0 0 0 Sandy Grogan Vice President Finance & Accounting 166008 0 0 0 0 0 10216 0 16107 0 192331 0 0 0 Brent Gilkey Vice President Member Services & Communication 157207 0 0 0 0 0 9768 0 16107 0 183082 0 0 0 Form 990, Part VI, Section A, Line 6 COOP IS MEMBER BASED AND CONSISTS OF 50,635 TOTAL MEMBERS Form 990, Part VI, Section A, Line 7a COOP MEMBERS ARE SENT BALLOTS EACH ANNUAL MEETING TO ELECT BOARD MEMBERS FOR THEIR TERM. DIRECTORS ARE ELECTED FOR THREE YEAR TERMS. Form 990, Part VI, Section B, Line 11b THE ACCOUNTING DEPARTMENT PREPARES FORM 990 AND REVIEWS WITH CEO AND VP FINANCE AND ACCOUNTING. FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c POLICY PROVIDED TO EMPLOYEES IN A POLICY MANUAL AND INDEPENDENT AUDITORS MAIL A QUESTIONNAIRE CONTAINING QUESTIONS PERTAINING TO CONFLICT OF INTEREST AS WELL AS FRAUDULENT OR ANY OTHER INAPPROPRIATE ACTIVITIES WITHIN THE COMPANY TO A RANDOM SELECTION OF EMPLOYEES WHICH INCLUDE MANAGEMENT AND BOARD OF DIRECTORS. PRESIDENT/CEO, MANAGEMENT TEAM, AND BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CODE MANAGEMENT ETHICS DOCUMENT. Form 990, Part VI, Section B, Line 15 PRESIDENT/CEO AND TOP MANAGEMENT OFFICIALS COMPENSATION PROCESS USES NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION COMPENSATION PROGRAM WHICH USES MARKET DATA FOR COMPARABLE POSITIONS. THE REVIEW APPROVAL IS PERFORMED BY THE BOARD OF DIRECTORS FOR THE PRESIDENT/CEO AND BY THE PRESIDENT/CEO FOR OTHER TOP MANAGEMENT OFFICIALS. HUMAN RESOURCE REVIEWS AND IMPLEMENTS THE COMPENSATION. EACH YEAR THIS PROCESS IS COMPLETED AND MOST CURRENT YEAR WAS 2024. Form 990, Part VI, Section C, Line 19 ALL DOCUMENTS ARE HOUSED AT THE COOPERATIVE OFFICE AND MADE AVAILABLE AT THE ANNUAL MEETING. Form 990, Part XI, Line 9 YEAR END ADJUSTMENT TO COMPREHENSIVE INCOME ($217,981) AND CHANGE IN MEMBERSHIPS ($57,595) FOR A TOTAL OF $275,576.