2024-11-06T16:03:05-05:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 370495772 Rural Electric Convenience Cooperative RURA PO Box 19 Auburn IL 626150019 Sean R Middleton PresidentCEO 2174386197 2024-10-30 true true George Lynch P00187596 9138311150 2024-11-06 2023 2024-10-15 13:58:12Z Sean R Middleton 16211341 false X www.recc.coop X 1936 IL As an energy and services cooperative, our Members needs are Rural Electric Convenience Cooperatives first priority. 9 9 31 10466 0 213156 14950438 15939380 83918 46146 23774 12659 15058130 16211341 0 405826 785250 754151 818802 0 0 13898153 14394133 15058130 15998185 213156 43536285 44110557 29523856 29322771 14012429 14787786 As an energy and services cooperative, our Members needs are Rural Electric Convenience Cooperatives first priority. false false 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. false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 15 0 true 31 true true true false false false false 16168302 535050 false false false X 9 9 false false false false true true true true true false false true true true true true true true false false X Aubrie Megginson 2174386197 PO Box 19 Auburn IL 626150019 Sean R Middleton PresidentCEO 50.00 0.00 X 182507 0 43199 Timothy Hemberger Mgr Operations 45.00 0.00 X 104374 0 107969 David E Stuva Retired PresidentCEO 50.00 0.00 X 138745 0 5834 Aubrie Megginson Mgr FinanceAdmn 45.00 0.00 X 89518 0 32056 Melvin Repescher Director 5.00 0.00 X 16656 0 0 Gary Niemyer Director 4.00 0.00 X 16556 0 0 Cassie Eigenmann Director 4.00 0.00 X 16206 0 0 Chris Wilcox Director 4.00 0.00 X 13731 0 0 Thomas Hart Director 4.00 0.00 X 13729 0 0 Andy Goleman Director 4.00 0.00 X 13006 0 0 Jimmy Ayers Director 4.00 0.00 X 10581 0 0 Clayton Bloome Director 4.00 0.00 X 8781 0 0 Neil Bryan Director 4.00 0.00 X 5354 0 0 629744 0 189058 3 true true false Farm Credit Leasing Services NW-9675 PO Box 1450 Minneapolis MN 55485 Vehicle Leasing 354210 Fletcher-Reinhardt Co 3105 Corporate Exchange Court Bridgeton MO 63044 Material Supplier 393927 United Utility Supply PO Box 32170 Louisville KY 40232 Material Supplier 413698 T R Electric Supply Company PO Box 180 Colman SD 57017 Material Supplier 227405 Huxfor Pole Timber CO INC PO Box 69 Huxford AL 36543 Material Supplier 159468 8 213156 213156 Sale of Electricity 221000 15519957 15519957 Capital Credits 221000 240324 240324 Other Operating 221000 179099 179099 15939380 25506 25506 20640 20640 20640 20640 990-T 900099 10466 10466 Non-Operating 900099 2193 2193 12659 16211341 15962213 10466 25506 X 785250 818802 1107598 1747311 Cost of Power 8626117 8626117 Distribution Expense 1417499 1417499 Admin & General 1078478 1078478 Member Services 356786 356786 60344 15998185 0 0 0 125046 177681 1476122 1682909 737084 751993 292402 234350 60012163 20828487 38922850 39183676 1982781 2079948 43536285 44110557 2099469 2077652 287256 314044 26024126 25804863 810000 825000 303005 301212 29523856 29322771 X 1141059 1151709 12871370 13636077 14012429 14787786 43536285 44110557 X 213156 562201 X false true X true false 22209 22209 1436742 896527 540215 58553212 19931960 38621252 39183676 Investment in Assoc Organizations 1662732 C Subordinated Certificates 417216 C 2079948 Post Retirement Benefits 301212 301212 X 15998185 15998185 213156 213156 16211341 15212935 15212935 785250 785250 15998185 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. X false false false David E Stuva Retired PresidentCEO 138745 2105 3729 144579 Timothy Hemberger Mgr Operations 104374 93919 14050 212343 Sean R Middleton PresidentCEO 182507 31749 11450 225706 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.