2024-11-13T10:38:11-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 474815587 CKENERGY ELECTRIC COOPERATIVE INC CKEN 4056562322 PO BOX 70 BINGER OK 73009 CLINT PACK CEO 4056562322 2024-11-12 1 0 WILLIAM M MILLER P00439459 8067473806 2024-10-30 X 2023 2024-10-15 13:58:12Z CLINT PACK PO BOX 70 BINGER OK 73009 87798662 0 X WWW.CKENERGY.COOP X 2016 OK TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 12 12 106 0 0 0 0 0 96317453 86206547 456181 960286 105856 39509 96879490 87206342 285596 42985 3571182 6534347 11521589 12090409 0 0 0 81501123 68538601 96879490 87206342 0 0 211315607 210357347 138831240 131836195 72484367 78521152 NONE 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 27,122 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 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 1 1 0 0 1 37 0 106 1 0 0 0 0 0 89328146 1263837 0 0 0 X 12 12 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 OK X DEBBIE TOHO CFO 4056562322 14039 STATE HIGHWAY 152 BINGER OK 73009 X GARY BREWSTER TRUSTEE 4.90 X 15572 0 0 WALTER HRBACEK TRUSTEE 5.50 X 18101 0 0 SCOTT KLINGMAN TRUSTEE 8.50 X 21500 0 0 GREG LITTLE VICE PRESIDENT 6.70 X X 27762 0 0 DON PAYNE TRUSTEE 6.20 X 37525 0 0 FRED REUTER SECRETARY 4.60 X X 14509 0 0 JACK SAWATZKY PRESIDENT 9.20 X X 22577 0 0 JOHN SCHAUFELE TRUSTEE 7.90 X 25298 0 0 TONY SETZER TRUSTEE 4.90 X 18589 0 0 MARK SLEMP TRUSTEE 2.70 X 28486 0 0 STEVE SWEENEY TRUSTEE 2.50 X 16651 0 0 ROBERT TRAVIS TRUSTEE 6.90 X 25139 0 0 CLINT PACK CEO 60.00 X 315500 0 149438 DEBRA TOHO CFO 40.00 X 168634 0 139610 WISPER HOWELL DIR OF CONSUMER ACCT 40.00 X 165611 0 69177 WILLIAM B LEE VP STRATEGIC PLANNING 45.00 X 172590 0 96972 GAYLA COATS HR/BENEFIT ADMINISTRATION 40.00 X 152060 0 103208 LANCE GOUCHER CONSTRUCTION FOREMAN 45.00 X 154872 0 58148 GARY WILLIAMS POWER MANAGER 45.00 X 145422 0 48250 STEVEN SCOTT DIRECTOR OF OPERATION 50.00 X 143340 0 35265 BRAD HARDWICK DISTRIBUTION LINEMAN 50.00 X 137202 0 71181 BRIAN COKER MARKETING 40.00 X 136932 0 44214 JAMES HEDRICK FORMER DIRECTOR OF OPERATIONS 0.00 X 137616 0 0 2101488 0 815463 36 1 1 0 R&R POWERLINE CONSTRUCTION INC PO BOX 246 SAYRE OK 73662 LINE CONSTRUCTION 1249828 RIGGS TREE SERVICE OPERATING COMPANY LLC PO BOX 453225 GROVE OK 74345 TREE REMOVAL 780264 FERREIRA CONSTRUCTION CO INC 31 TANNERY ROAD BRANCHBURG NJ 08876 LINE CONSTRUCTION 427668 HUDSON TRENCHING SERVICES INC PO BOX 250 NEWCASTLE OK 73065 BORING 371214 CUSTOM ENERGY SERVICES INC 27583 STATE HWY 34 SHARON OK 73857 LINE CONSTRUCTION 265452 8 X SALES OF ELECTRICITY 221000 83024395 83024395 PATRONAGE DIVIDENDS 221000 3049440 3049440 SERVICE FEES 221000 98650 98650 OTHER PROGRAM REVENUE 221000 34062 34062 86206547 781429 781429 27612 27612 227050 48193 178857 178857 178857 554149 544127 10022 10022 POLE ATTACHMENT INCOME 221000 1875 1875 1875 87206342 86395426 0 810916 X 42985 6534347 1804509 6183058 1302634 2231607 568601 3720901 6413602 PURCHASED POWER 48659921 DISTRIBUTION EXPENSE 3626638 SALES 1830266 OPERATING TAXES 1630843 2656430 87206342 3715098 3800418 14297651 9901671 10607623 4773664 194342 159791 2449857 2037569 473698 400793 218815213 65678185 145643164 153137028 30172323 33058426 3761851 3087987 211315607 210357347 8679700 7693190 120618439 114439402 9533101 9703603 138831240 131836195 X 78250 79305 0 0 72406117 78441847 72484367 78521152 211315607 210357347 X 0 6036785 X X 0 1 X 1 0 526016 526016 4408986 2225537 2183449 212157916 63452648 148705268 1722295 1722295 153137028 PATRONAGE CAPITAL - WFEC 29778865 C PATRONAGE CAPITAL - CFC 409962 C PATRONAGE CAPITAL - COBANK 844345 C PATRONAGE CAPITAL - AECI 288517 C PATRONAGE CAPITAL - SEDC 190530 C PATRONAGE CAPITAL - NISC 75227 C PATRONAGE CAPITAL - NRTC 31166 C OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS 77541 C CFC CAPITAL TERM CERTIFICATES 1362273 C 33058426 CONSUMER DEPOSITS 3402366 ACCUMULATED PROVISION FOR PENSIONS AND BENEFITS 5586569 DEFERRED CREDITS 714668 9703603 X 87193237 0 87193237 13105 13105 87206342 80658890 0 80658890 6547452 6547452 87206342 PART X, LINE 2: THE COOPERATIVE UTILIZES THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED FROM NON-OPERATING MARGINS 13,105. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED FROM NON-OPERATING MARGINS 13,105. PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,534,347. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. PART XII, LINE 4B: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". X 0 0 0 CLINT PACK CEO 292098 0 17000 0 6402 0 127171 0 22267 0 464938 0 0 0 DEBRA TOHO CFO 163134 0 2000 0 3500 0 114935 0 24675 0 308244 0 0 0 WILLIAM B LEE VP STRATEGIC PLANNING 167090 0 2000 0 3500 0 74705 0 22267 0 269562 0 0 0 GAYLA COATS HR/BENEFIT ADMINISTRATION 148012 0 2000 0 2048 0 80941 0 22267 0 255268 0 0 0 WISPER HOWELL DIR OF CONSUMER ACCT 163134 0 2000 0 477 0 39684 0 29493 0 234788 0 0 0 LANCE GOUCHER CONSTRUCTION FOREMAN 152585 0 2000 0 287 0 28655 0 29493 0 213020 0 0 0 BRAD HARDWICK DISTRIBUTION LINEMAN 134523 0 2000 0 679 0 41688 0 29493 0 208383 0 0 0 GARY WILLIAMS POWER MANAGER 140507 0 2000 0 2915 0 38282 0 9968 0 193672 0 0 0 BRIAN COKER MARKETING 134296 0 2000 0 636 0 14721 0 29493 0 181146 0 0 0 STEVEN SCOTT DIRECTOR OF OPERATION 140987 0 2000 0 353 0 17612 0 17653 0 178605 0 0 0 JAMES HEDRICK FORMER DIRECTOR OF OPERATIONS 0 0 0 0 137616 0 0 0 0 0 137616 0 0 0 PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. CLINT PACK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 127,171 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (127,171) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 80,894 EXPENSE TO THE COOPERATIVE $ 80,894 DEBRA TOHO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 114,935 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (114,935) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 WILLIAM B. LEE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 74,705 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (74,705) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 GAYLA COATS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 80,941 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (80,941) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,758 EXPENSE TO THE COOPERATIVE $ 41,758 WISPER HOWELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 39,684 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (39,684) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,038 EXPENSE TO THE COOPERATIVE $ 46,038 LANCE GOUCHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 28,655 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (28,655) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,761 EXPENSE TO THE COOPERATIVE $ 26,761 BRAD HARDWICK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 41,688 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (41,688) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,743 EXPENSE TO THE COOPERATIVE $ 26,743 GARY WILLIAMS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 38,282 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (38,282) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,769 EXPENSE TO THE COOPERATIVE $ 39,769 BRIAN COKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 14,721 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (14,721) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,875 EXPENSE TO THE COOPERATIVE $ 37,875 STEVEN SCOTT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN - COLUMN C $ 17,612 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,612) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,769 EXPENSE TO THE COOPERATIVE $ 39,769 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS BY DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND EMPLOYEE MUST DISCLOSE ANY SITUATION, WHICH IN HIS OR HER OPINION VIOLATES, MAY VIOLATE, OR COULD APPEAR TO VIOLATE THE INTENT OF THIS POLICY. A REVIEW OF THE POLICY WILL TAKE PLACE AS NEEDED, AND AMENDMENTS TO THE POLICY WILL BE MADE AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES PERIODICALLY USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM COOPERATIVES LOCATED IN OKLAHOMA AND THE NATION. FOR OFFICERS AND HIGHLY COMPENSATED EMPLOYEES THE BOARD APPROVES ANNUAL COST OF LIVING ADJUSTMENTS AND BUDGET FOR TOTAL LABOR. THE CEO ULTIMATELY APPROVES THE SALARIES BASED ON THESE ACTIONS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING EMPLOYEE OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF THE PLAN. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII COLUMN (F) FOR EMPLOYEE OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RURAL UTILTIES SERVICES (RUS) UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES THE AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 7,987,567 LESS: TRUSTEE FEES REPORTED ON FORMS 1099-NEC (271,709) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED ON LINE 5 (358,225) LESS: KEY EMPLOYEE BENEFITS INCLUDED ON LINE 5 (200,180) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 3,458 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,321,649 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 386,598 TOTAL WAGES ACCRUED AND/OR PAID $ 8,869,158 FORM 990, PART IX, LINE 24D: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 1,430,490 OFFICE SUPPLIES 238,088 OUTSIDE SERVICES 74,484 INSURANCES 754,914 EMPLOYEE BENEFITS 169,486 TRUSTEES 421,515 MISCELLANEOUS GENERAL 129,047 MAINTENANCE OF GENERAL PLANT 770,399 DUPLICATE CHARGES (CREDIT) (47,259) REGULATORY COMMISSION 11,409 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 3,952,573 LESS: RECLASS OF TRUSTEE FEES TO PART IX, LINE 5 (271,709) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,411,182) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (919,024) LESS: RECLASSED DONATIONS (42,377) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,308,281 FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL EXPENSES $ 1,308,281 CUSTOMER ACCOUNTS 692,246 CUSTOMER SERVICE & INFORMATION 642,798 ELECTRICIAN SERVICE 13,105 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 2,656,430 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,534,347. PATRONAGE CAPITAL RETIRED -1,855,788. UNCLAIMED PATRONAGE RETIREMENTS RETAINED UNDER STATE LAW 857,604. OTHER COMPREHENSIVE INCOME - PROVISION FOR PENSION AND BENEFITS 499,567. NET CHANGE IN MEMBERSHIPS 1,055. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. CKENERGY ELECTRIC FOUNDATION INC PO BOX 70 BINGER OK 73009 271018673 DISBURSE FUNDS FOR CHARITABLE PURPOSES OK 501(C)(3) LINE 7 CKENERGY ELECTRIC COOPERATIVE INC 1 CADDO ELEC COOP ENTERPRISES INC PO BOX 70 BINGER OK 73009 731563867 INACTIVE OK CKENERGY ELECTRIC COOPERATIVE INC C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CKENERGY ELECTRIC FOUNDATION INC N N/A - LESS THAN $50,000 CKENERGY ELECTRIC FOUNDATION INC O N/A - LESS THAN $50,000