2023-05-15T15:28:31-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610133681 BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION BIGS 6067894095 504 11TH STREET PAINTSVILLE KY 41240 BRUCE A DAVIS PRESIDENT/GEN MGR 6067894095 2023-05-03 1 BRUCE DAVIS 999009999 0 TRAVIS C FRICK P01728213 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRUCE A DAVIS 504 11TH STREET PAINTSVILLE KY 41240 30032172 0 X WWW.BIGSANDYRECC.COM X 1936 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,800 CONSUMERS MONTHLY. 7 7 51 0 0 0 0 0 24375803 28907463 210360 304649 1054846 820060 25641009 30032172 9000 9000 675154 423920 4422463 4955144 0 0 0 20534392 24644108 25641009 30032172 0 0 64893563 64233203 35951486 34801433 28942077 29431770 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,763 CONSUMERS MONTHLY. 0 0 30032172 9000 29405271 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,763 CONSUMERS MONTHLY. 30032172 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 51 1 0 0 0 0 0 0 0 0 0 29405271 626901 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SANDRA SHEPHERD OFFICE MGR 6067894095 504 11TH STREET PAINTSVILLE KY 41240 DANNY WALLEN CHAIRMAN 4.00 X X 15511 0 15511 GREG DAVIS VICE CHAIRMAN 4.00 X X 9468 0 9468 JAMES VANHOOSE SEC-TREAS 4.00 X X 9146 0 9146 JIMMIE MCKENZIE DIRECTOR 4.00 X 9412 0 9412 GARY FRANCIS DIRECTOR 4.00 X 14075 0 14075 JASON HOLBROOK DIRECTOR 4.00 X 9118 0 9118 VELMA MAY DIRECTOR 4.00 X 8715 0 8715 BRUCE A DAVIS PRESIDENT/CEO 40.00 X 121923 0 66236 JEFFERY PRATER VP OF OPERATIONS 40.00 X 99081 0 48679 JOHN HARRISON SUPERVISOR 40.00 X 159337 0 22959 DONALD HOLBROOK SUPERVISOR 40.00 X 131458 0 12869 WILLIAM JARRELL SUPERVISOR 40.00 X 122741 0 23437 709985 0 249625 4 0 1 0 PIKE ELECTRIC PO BOX 746308 ATLANTA GA 30374 ELECTRICAL SERVICES 670550 R & H CONTRACTING LLC 33 LAFFERTY BRANCH PRESTONSBURG KY 41653 ROW CLEARING 448431 ASPLUNDH TREE EXPERT PO BOX 532729 ATLANTA GA 30353 ROW CLEARING 273776 3 ELECTRIC REVENUE 221000 28907463 28907463 28907463 227364 227364 77285 0 77285 77285 77285 JOINT USE POLE ATTACHMENT 221000 399537 399537 G&T CAPITAL CREDITS 221000 323975 323975 PATRONAGE CAPITAL CREDITS 221000 96548 96548 820060 30032172 29405271 0 626901 9000 423920 175503 2966004 286033 549872 977732 12542 21760 66048 816967 2521208 199129 COST OF POWER 20333030 DISTRIBUTION - MAINTENA 1788522 ADMINISTRATIVE AND GENE 1582779 DISTRIBUTION - OPERATIO 1254745 -3952622 30032172 3637433 990751 5202569 5669294 307290 474246 26632 22480 61108688 27673092 32731557 33435596 22972521 22636887 15561 1003949 64893563 64233203 2316385 2881210 25431847 24352436 8203254 7567787 35951486 34801433 X 225765 225835 -2112919 -1980861 30829231 31186796 28942077 29431770 64893563 64233203 X 0 489693 X X 0 1 X 1 0 61108688 27673092 33435596 33435596 RELATED ENTITY INVESTMENTS 22636887 C 22636887 CUSTOMER DEPOSITS 709350 ACCRUED EXPENSES 617397 CONSUMER ADVANCES FOR CONSTRUCTION 1296 ACCUMULATED POSTRETIREMENT BENEFITS 4276820 SHORT TERM NOTES PAYABLE 1962924 7567787 X 30032172 0 30032172 0 30032172 30032172 0 30032172 0 30032172 PART X, LINE 2: BIG SANDY'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. BIG SANDY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 0 SCHOLARSHIPS TO KENTUCKY COLLEGES 4 9000 0 X X 0 0 0 BRUCE A DAVIS PRESIDENT/CEO 121923 0 0 0 0 0 0 0 66236 0 188159 0 0 0 JOHN HARRISON SUPERVISOR 159337 0 0 0 0 0 0 0 22959 0 182296 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT A MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 75 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY OF MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL BOARD MEETING, PROVIDED, THAT THE NOTICE OF THE MEETING, SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 PRIOR TO FILING. MAY MAKE INQUIRIES OF, AND CHANGES TO, INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A & B. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION OF KEY EMPLOYEES AND OTHER NON-UNION EMPLOYEES USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. REMAINING EMPLOYEES COMPENSATION IS NEGOTIATED THROUGH A UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BYLAWS AND A STATEMENT OF NONDISCRIMINATION ARE GIVEN TO EACH NEW MEMBER. BYLAWS AND FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN NEWSLETTER MAILED TO EACH MEMBER. AN ANNUAL MEMBERSHIP MEETING IS HELD WITH ALL MEMBERS INVITED TO ATTEND. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 132,058. MARGINS ALLOCATED TO MEMBERS 423,920. MEMBERSHIPS ISSUED, NET 70. OTHER EQUITIES 26,054. REFUNDS OF CAPITAL CREDITS -92,409. 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS DURING THE TAX YEAR. 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.