2024-11-11T11:02:10-06:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 730539216 KIAMICHI ELECTRIC COOPERATIVE INC KIAM 9184652338 PO BOX 340 WILBURTON OK 74578 BRETT ORME CEO 9184652338 2024-10-31 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-10-30 2023 2024-10-15 13:58:12Z BRETT ORME PO BOX 340 WILBURTON OK 74578 52160766 0 X KIAMICHIELECTRIC.ORG X 1945 OK TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE. 7 7 78 0 173834 10058 0 0 53873204 51444394 25356 148341 546159 496431 54444719 52089166 4400 6200 2073174 2965093 761877 688436 0 0 0 51605268 48429437 54444719 52089166 0 0 121989088 129638886 74005038 79283207 47984050 50355679 X IMPROVING LIVES. POWERING OUR COMMUNITIES. 0 1 DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 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 56 0 1 78 1 1 1 0 0 0 0 0 0 51708832 741368 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 OK X KIAMICHI ELECTRIC COOPERATIVE INC 8008882731 944 SW HWY 2 WILBURTON OK 74578 X DON PARR DIRECTOR 18.00 X 27988 0 0 MARK ICHORD DIRECTOR 21.00 X 37080 0 0 RON PELANCONI PRESIDENT 26.00 X X 49359 0 0 LARRY CULWELL DIRECTOR 28.00 X 31809 0 0 AMY MILLER SECRETARY/TREASURER 20.00 X X 37950 0 0 DAVID RAY DIRECTOR 26.00 X 38109 0 0 RUSSELL SHAW VICE-PRESIDENT 20.00 X X 49029 0 0 BRETT ORME CEO 45.50 X 271482 0 124045 CRYSTAL BUTLER CFO 45.38 X 145631 0 68924 DENNIS DOLAN MANAGER OF OPERATIONS 54.02 X 138906 0 160750 JEREMY SHAFFER AREA MAINTENANCE MAN 56.91 X 148434 0 39097 BRANDON DOYLE CONSTRUCTION FOREMAN 56.11 X 149214 0 17286 BRIAN SAWYER AREA MAINTENANCE MAN 51.73 X 128905 0 45436 WILLIAM SHROCK AREA MAINTENANCE MAN 51.60 X 129130 0 40037 1383026 0 495575 21 0 1 0 GORDON CONSTRUCTION 905 WEST MAIN STIGLER OK 74462 OH LINE CONSTRUCTION/MAINTENANCE 3005327 WEST TREE SERVICE INC 6300 FORBING ROAD LITTLE ROCK AR 72209 RIGHT-OF-WAY MAINTENANCE 1510499 BDG TREES LLC 2015 AHRENS ST HOUSTON TX 77017 RIGHT-OF-WAY MAINTENANCE 1178100 RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 RIGHT-OF-WAY MAINTENANCE 527023 RICKY CRANE CONSTRUCTION LLC 28030 GOAT RIDGE RD WISTER OK 74966 UG LINE CONSTRUCTION 462400 5 RESIDENTIAL 221000 35236285 35236285 SMALL COMMERCIAL 221000 9308605 9308605 INDUSTRIAL 221000 3598253 3598253 CAPITAL CREDITS 221000 2072920 2072920 GROSS RECEIPTS TAX 221000 944856 944856 283475 283475 51444394 39336 39336 317257 0 317257 317257 317257 180605 71600 109005 109005 109005 WILDBLUE 517000 173834 173834 NONOPERATING REVENUE 221000 5340 5340 179174 52089166 51444394 173834 470938 X 6200 2965093 688436 2642807 4085272 COST OF POWER 28141363 DISTRIBUTION - MAINTENA 6851100 ADMINISTRATIVE & GENERA 1953322 DISTRIBUTION - OPERATIO 1809685 2945888 52089166 161091 114774 22009 22099 6792126 6771645 2077895 2132816 423192 429091 131421199 34630311 90852714 96790888 3470 3470 21648900 23366412 7691 7691 121989088 129638886 4700794 4266515 48854193 59567367 4638185 795361 15811866 14653964 74005038 79283207 X 86440 87125 0 0 47897610 50268554 47984050 50355679 121989088 129638886 X 0 2371629 X 0 1 X 1 0 231098 231098 9620286 1354318 8265968 6423155 4498537 1924618 115146660 28777456 86369204 96790888 WESTERN FARMERS ELECTRIC COOP CAPITAL CREDITS 16970702 C KAMO ELECTRIC COOP CAPITAL CREDITS 2269164 C COBANK CAPITAL CREDITS 1932720 C NATIONAL RURAL UTILITIES CFC CAPITAL CREDITS/CERTIFICATES 1582373 C SOUTHEASTERN DATA COOP CAPITAL CREDITS 201881 C NATIONAL RURAL TELECOMMUNICATIONS COOP CAPITAL CREDITS 141500 C ARKANSAS ELECTRIC COOP CAPITAL CREDITS 230115 C NATIONAL INFORMATION SOLUTIONS COOP CAPITAL CREDITS 37957 C 23366412 ACCUMULATED PROVISIONS - ASSET RETIREMENT OBLIGATIONS 4742912 DEFERRED CREDITS 6060085 CUSTOMER DEPOSITS 2686562 CHECKS WRITTEN IN EXCESS OF BANK BALANCE 1164405 14653964 X 51947507 -141659 -141659 52089166 0 52089166 49007971 25557 25557 48982414 3106752 3106752 52089166 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2023 AND 2022, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP -141,659. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER ADJUSTMENT 25,557. PART XII, LINE 4B - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP 141,659. ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 2,965,093. X X 0 0 0 BRETT ORME CEO 268771 0 0 0 2711 0 97945 0 27155 0 396582 0 0 0 DENNIS DOLAN MANAGER OF OPERATIONS 137771 0 0 0 1135 0 140170 0 21128 0 300204 0 0 0 CRYSTAL BUTLER CFO 145188 0 0 0 443 0 36824 0 32680 0 215135 0 0 0 JEREMY SHAFFER AREA MAINTENANCE MAN 148321 0 0 0 113 0 6271 0 33146 0 187851 0 0 0 BRIAN SAWYER AREA MAINTENANCE MAN 128765 0 0 0 140 0 11824 0 33933 0 174662 0 0 0 WILLIAM SHROCK AREA MAINTENANCE MAN 129019 0 0 0 111 0 7937 0 32420 0 169487 0 0 0 BRANDON DOYLE CONSTRUCTION FOREMAN 149126 0 0 0 88 0 4592 0 13023 0 166829 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGES IN ACTUARIAL VALUE ARE AS FOLLOWS: - BRETT ORME $92,695 - CRYSTAL BUTLER $33,946 - DENNIS DOLAN $137,458 - JEREMY SHAFFER $4,484 - BRANDON DOYLE $2,740 - BRIAN SAWYER $10,029 - WILLIAM SHROCK $6,143 THE ACTUAL EXPENSES TO THE COOPERATIVE ARE AS FOLLOWS: - BRETT ORME $56,966 - CRYSTAL BUTLER $31,270 - DENNIS DOLAN $29,447 - JEREMY SHAFFER $17,094 - BRANDON DOYLE $17,673 - BRIAN SAWYER $17,094 - WILLIAM SHROCK $17,094 FORM 990, PART III, LINE 3 THE ORGANIZATION DISCONTINUED PROVIDING INTERNET SERVICES DURING 2023. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE VOTE TO ELECT DISTRICT OFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY WITHOUT APPROVAL OF THE MAJORITY OF THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT UTILIZE AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD AND ALSO REVIEWED BY THE CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY SITUATIONS THAT DO OR COULD CREATE A CONFLICT OF INTEREST. POTENTIAL CONFLICTS ARE REPORTED TO THE UNIMPACTED GENERAL MANAGER OR BOARD TRUSTEE. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER A CONFLICT EXISTS. IF IT'S DETERMINED THERE IS A REAL OR APPARENT CONFLICT OF INTEREST, THE COOPERATIVE WILL DISQUALIFY THE AFFECTED INDIVIDUAL FROM ACTING ON ANY MATTER OR PARTICIPATING IN ANY DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. FAILURE BY THE AFFECTED PERSON TO COMPLY WITH THE CONFLICT OF INTEREST POLICY SUBJECTS THE INDIVIDUAL TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, IF SO WARRANTED BY THE OFFENSE. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE USES STATEWIDE AND NATIONAL COMPARATIVE DATA ANNUALLY FOR DETERMINING COMPENSATION FOR THE CEO, THE CFO, AND THE EMPLOYEES. THE DETERMINATION OF COMPENSATION IS MADE BY INDEPENDENT PERSONS AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL MEETING NEWSLETTER AND UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 24E CUSTOMER ACCOUNTS 1,632,609. TAXES EXPENSE 945,032. CUSTOMER SERVICE 207,477. WILDBLUE EXPENSES 160,770. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -783,324. GAIN ON ACCUM. POST-RETIREMENT BENEFIT OBLIGATION 267,849. AMORT. OF ACCUM. POST-RETIREMENT BENEFIT OBLIGATION -130,432. MEMBERSHIPS - NET CHANGE 685. CHANGE IN OTHER EQUITIES 51,758. ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 2,965,093.