RURAL ELECTRIC CONVENIENCE COOPERATIVE CO: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RURAL ELECTRIC CONVENIENCE COOPERATIVE CO (EIN 37-0495772)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-06
- IRS object ID
- 202443119349302774
- 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 | 2024-11-06T16:03:05-05:00 | 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 | 370495772 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rural Electric Convenience Cooperative | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RURA | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 19 | AddressLine1Txt |
| City | Auburn | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 626150019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Sean R Middleton | PersonNm |
| Person Title | PresidentCEO | PersonTitleTxt |
| Phone | 2174386197 | PhoneNum |
| Signature | 2024-10-30 | 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 | 2024-11-06 | 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 | Sean R Middleton | PrincipalOfficerNm |
| Gross Receipts | $16,211,341 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.recc.coop | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | As an energy and services cooperative, our Members needs are Rural Electric Convenience Cooperatives first priority. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Total Gross UBI | $10,466 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $213,156 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,950,438 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,939,380 | CYProgramServiceRevenueAmt |
| PY Investment Income | $83,918 | PYInvestmentIncomeAmt |
| CY Investment Income | $46,146 | CYInvestmentIncomeAmt |
| PY Other Revenue | $23,774 | PYOtherRevenueAmt |
| CY Other Revenue | $12,659 | CYOtherRevenueAmt |
| PY Total Revenue | $15,058,130 | PYTotalRevenueAmt |
| CY Total Revenue | $16,211,341 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $405,826 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $785,250 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $754,151 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $818,802 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,898,153 | PYOtherExpensesAmt |
| CY Other Expenses | $14,394,133 | CYOtherExpensesAmt |
| PY Total Expenses | $15,058,130 | PYTotalExpensesAmt |
| CY Total Expenses | $15,998,185 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $213,156 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $43,536,285 | TotalAssetsBOYAmt |
| Total Assets EOY | $44,110,557 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,523,856 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,322,771 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,012,429 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,787,786 | NetAssetsOrFundBalancesEOYAmt |
| Mission | As an energy and services cooperative, our Members needs are Rural Electric Convenience Cooperatives first priority. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Rural Electric Convenience Cooperative (RECC) serves 5,904 consumers in Sangamon, Morgan, Macoupin, Christian, and Montgomery counties. RECC also serves consumers in several growing subdivisions around Springfield, Taylorville, Litchfield, and other towns. | 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 | false | 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 | 15 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 31 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $16,168,302 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $535,050 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | 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 | Aubrie Megginson | PersonNm |
| Phone | 2174386197 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 19 | AddressLine1Txt |
| City | Auburn | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 626150019 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Sean R Middleton | ||||||||
| PresidentCEO | 50.00 | 0.00 | Yes (X) | $182,507 | $0 | $43,199 | ||
| Timothy Hemberger | ||||||||
| Mgr Operations | 45.00 | 0.00 | Yes (X) | $104,374 | $0 | $107,969 | ||
| David E Stuva | ||||||||
| Retired PresidentCEO | 50.00 | 0.00 | $138,745 | $0 | $5,834 | Yes (X) | ||
| Aubrie Megginson | ||||||||
| Mgr FinanceAdmn | 45.00 | 0.00 | Yes (X) | $89,518 | $0 | $32,056 | ||
| Melvin Repescher | ||||||||
| Director | 5.00 | 0.00 | $16,656 | $0 | $0 | Yes (X) | ||
| Gary Niemyer | ||||||||
| Director | 4.00 | 0.00 | $16,556 | $0 | $0 | Yes (X) | ||
| Cassie Eigenmann | ||||||||
| Director | 4.00 | 0.00 | $16,206 | $0 | $0 | Yes (X) | ||
| Chris Wilcox | ||||||||
| Director | 4.00 | 0.00 | $13,731 | $0 | $0 | Yes (X) | ||
| Thomas Hart | ||||||||
| Director | 4.00 | 0.00 | $13,729 | $0 | $0 | Yes (X) | ||
| Andy Goleman | ||||||||
| Director | 4.00 | 0.00 | $13,006 | $0 | $0 | Yes (X) | ||
| Jimmy Ayers | ||||||||
| Director | 4.00 | 0.00 | $10,581 | $0 | $0 | Yes (X) | ||
| Clayton Bloome | ||||||||
| Director | 4.00 | 0.00 | $8,781 | $0 | $0 | Yes (X) | ||
| Neil Bryan | ||||||||
| Director | 4.00 | 0.00 | $5,354 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $629,744 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $189,058 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | 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 |
|---|---|---|---|---|---|
| Farm Credit Leasing Services | |||||
| NW-9675 PO Box 1450 | Minneapolis | MN | 55485 | Vehicle Leasing | $354,210 |
| Fletcher-Reinhardt Co | |||||
| 3105 Corporate Exchange Court | Bridgeton | MO | 63044 | Material Supplier | $393,927 |
| United Utility Supply | |||||
| PO Box 32170 | Louisville | KY | 40232 | Material Supplier | $413,698 |
| T R Electric Supply Company | |||||
| PO Box 180 | Colman | SD | 57017 | Material Supplier | $227,405 |
| Huxfor Pole Timber CO INC | |||||
| PO Box 69 | Huxford | AL | 36543 | Material Supplier | $159,468 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $213,156 | GovernmentGrantsAmt |
| Total Contributions | $213,156 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $15,519,957 | $15,519,957 |
| Capital Credits | 221000 | $240,324 | $240,324 |
| Other Operating | 221000 | $179,099 | $179,099 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,939,380 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,506 | TotalRevenueColumnAmt |
| Exclusion | $25,506 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $20,640 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $20,640 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,640 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,640 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| 990-T | 900099 | $10,466 | $10,466 | |
| Non-Operating | 900099 | $2,193 | $2,193 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $12,659 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,211,341 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,962,213 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,466 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,506 | 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 | $785,250 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $818,802 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,107,598 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,747,311 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $8,626,117 | $8,626,117 |
| Distribution Expense | $1,417,499 | $1,417,499 |
| Admin & General | $1,078,478 | $1,078,478 |
| Member Services | $356,786 | $356,786 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,344 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,998,185 | 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 | $125,046 | BOYAmt |
| EOY | $177,681 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,476,122 | BOYAmt |
| EOY | $1,682,909 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $737,084 | BOYAmt |
| EOY | $751,993 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,402 | BOYAmt |
| EOY | $234,350 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,012,163 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,828,487 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,922,850 | BOYAmt |
| EOY | $39,183,676 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,982,781 | BOYAmt |
| EOY | $2,079,948 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,536,285 | BOYAmt |
| EOY | $44,110,557 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,099,469 | BOYAmt |
| EOY | $2,077,652 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,256 | BOYAmt |
| EOY | $314,044 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,024,126 | BOYAmt |
| EOY | $25,804,863 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $810,000 | BOYAmt |
| EOY | $825,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,005 | BOYAmt |
| EOY | $301,212 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,523,856 | BOYAmt |
| EOY | $29,322,771 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,141,059 | BOYAmt |
| EOY | $1,151,709 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,871,370 | BOYAmt |
| EOY | $13,636,077 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,012,429 | BOYAmt |
| EOY | $14,787,786 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,536,285 | BOYAmt |
| EOY | $44,110,557 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $213,156 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $562,201 | OtherChangesInNetAssetsAmt |
| 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 |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,209 | OtherCostOrOtherBasisAmt |
| Book Value | $22,209 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,436,742 | OtherCostOrOtherBasisAmt |
| Depreciation | $896,527 | DepreciationAmt |
| Book Value | $540,215 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $58,553,212 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,931,960 | DepreciationAmt |
| Book Value | $38,621,252 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $39,183,676 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investment in Assoc Organizations | $1,662,732 | C |
| Subordinated Certificates | $417,216 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $2,079,948 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Post Retirement Benefits | Desc |
| Amt | $301,212 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $301,212 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,998,185 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $15,998,185 | RevenueSubtotalAmt |
| Other Revenues Not Included | $213,156 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $213,156 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,211,341 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,212,935 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $15,212,935 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $785,250 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $785,250 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,998,185 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other revenues included on Form 990 (Part XI, line 4b) | FEMA Grant $213,156 |
| Other expenses included on Form 990 (Part XII, line 4b) | Benefits Allocated to Members $785,250 |
| Footnote for uncertain tax position under FIN 48 (Part X) | The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state and local income tax examinations for years prior to 2020. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| David E Stuva | ||||
| Retired PresidentCEO | $138,745 | $2,105 | $3,729 | $144,579 |
| Timothy Hemberger | ||||
| Mgr Operations | $104,374 | $93,919 | $14,050 | $212,343 |
| Sean R Middleton | ||||
| PresidentCEO | $182,507 | $31,749 | $11,450 | $225,706 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | The Cooperative is a member owned Cooperative. |
| Member election for additional members Part VI line 7a | All Board members are elected by the membership. |
| Governing body decisions Part VI line 7b | Any bylaw changes are approved by the Members. |
| Form 990 governing body review Part VI line 11 | The IRS Form 990 is reviewed by management and then emailed to the Board Members. |
| Conflict of interest policy compliance Part VI line 12c | The Organization is self policed. Typically Directors and Key Employees are re-addressed before conflicts could arise. |
| CEO executive director top management comp Part VI line 15a | The process for determining compensation of the Organizations CEO is done through an anuual review by the Board. |
| 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. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Net Margins Assigned to Members $ 785,250Other Changes $ 215Retirement of Capital Credits $ -10,108FEMA Grant to Plant $ -213,156 Total $ 562,201 |
| 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. |