2023-09-05T11:59:45-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 370408325 MCDONOUGH POWER COOPERATIVE INC MCDO 3098332101 1210 W JACKSON STREET MACOMB IL 61455 ROBERT M SMITH PRESIDENT & CEO 3098332101 2023-08-31 true ROBERT M SMITH 999009999 true THOMAS F HANCOCK CPA P00501575 9138311150 2023-09-05 2022 2023-04-26 12:10:37Z ROBERT M SMITH 12205957 false X WWW.MCDONOUGHPOWER.COM X 1938 IL MCDONOUGH POWER COOPERATIVE IS A MEMBER-OWNED AND LOCALLY CONTROLLED COOPERATIVE BUSINESS WHOSE MISSION IS TO PROVIDE HIGH QUALITY ELECTRIC AND RELATED SERVICES IN A SAFE, RELIABLE AND FINANCIALLY RESPONSIBLE MANNER FOR THE BETTERMENT OF THE MEMBERSHIP AND THE AREA IT SERVES. 9 9 18 -2813 396517 0 11689751 12115577 86948 48578 46910 41802 12220126 12205957 0 1320822 821568 1186255 1268842 0 0 9713049 10115547 12220126 12205957 0 32292237 34272689 17002246 18610113 15289991 15662576 X MCDONOUGH POWER COOPERATIVE IS A MEMBER-OWNED AND LOCALLY CONTROLLED COOPERATIVE BUSINESS WHOSE MISSION IS TO PROVIDE HIGH QUALITY ELECTRIC AND RELATED SERVICES IN A SAFE, RELIABLE AND FINANCIALLY RESPONSIBLE MANNER FOR THE BETTERMENT OF THE MEMBERSHIP AND THE AREA IT SERVES. false false MCDONOUGH POWER COOPERATIVE SUPPLIES ELECTRIC POWER TO MEMBERS IN PORTIONS OF FULTON, HANCOCK, HENDERSON, KNOX, MCDONOUGH, SCHUYLER AND WARREN COUNTIES IN WEST-CENTRAL ILLINOIS. MORE THAN 5,000 HOUSEHOLDS AND BUSINESSES RECEIVE POWER FROM MCDONOUGH POWER. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false true false false false false false false false false false true 11 0 true 18 true false false false false false 11685089 689647 false false false X 9 9 false false false false true true true true true false false true true true true true false true true false X TRACY CAMDEN 3098332101 1210 W JACKSON STREET MACOMB IL 61455 ROBERT M SMITH PRESIDENT & 40.00 X 169948 0 118157 DOUG BEAR LINE SUPERIN 40.00 X 113944 0 89359 JAMISON HOLTHAUS JOURNEYMAN L 43.00 X 102760 0 52298 JOSEPH WERNSMAN JOURNEYMAN L 44.00 X 108891 0 42546 CLAY WIEMERSLAGE JOURNEYMAN L 42.00 X 106924 0 40588 BRANDON COUSINS JOURNEYMAN L 44.00 X 112273 0 33293 TRACY CAMDEN FINANCE & AC 40.00 X 102731 0 35136 STEVE HALL DIRECTOR 1.00 X 6320 0 0 JERRY RIGGINS DIRECTOR 2.00 X 5003 0 0 WALTER LEWIS DIRECTOR 2.00 X 4874 0 0 JEFFREY MOORE DIRECTOR 1.00 X 4874 0 0 DAVID LUECK DIRECTOR 1.00 X 4792 0 0 STEVEN LYNN DIRECTOR 1.00 X 3825 0 0 COURTNEY CHANDLER DIRECTOR 1.00 X 3775 0 0 MICHAEL COX DIRECTOR 1.00 X 3667 0 0 ROBERT DWYER DIRECTOR 1.00 X 2864 0 0 857465 411377 9 false true false SPOON RIVER ELECTRIC COOPERATIVE PO BOX 340 CANTON IL 61520 RIGHT-OF-WAY CL 317050 SELLENRIEK ENERGY 313 N GLADSTONE AVE JONESBURG MO 63351 POLE REPLACEMEN 182106 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 SOFTWARE SVCS 149432 CROFT ELECTRICAL CONTRACTORS 226 HIGHWAY KK TROY MO 63379 ELECTRICAL CONT 149383 THARP BROTHERS 1336 E STATE HIGHWAY 164 OQUAWKA IL 61469 BORING CONTRACT 118115 6 SALE OF ELECTRICITY 221000 11494212 11494212 CAPITAL CREDITS 221000 564759 564759 MISCELLANEOUS ELECTRIC 221000 56606 56606 12115577 17593 17593 9577 9577 9577 9577 30985 30985 30985 30985 OTHER NON OPERATING 900099 35038 35038 COOPERATIVE BALLOON ASSOC- K1 221000 -2813 -2813 32225 12205957 12181600 -2813 27170 X 821568 465966 802876 658200 1177380 COST OF POWER 6529781 DISTRIBUTION EXPENSE 839869 ADMIN & GENERAL 749244 MEMBER SERVICES 161073 12205957 0 0 0 289854 111759 977637 1091210 190704 250166 181362 65593 41343312 15039079 24406506 26304233 6214711 6419302 31463 30426 32292237 34272689 1374642 1890023 19806 29167 15454164 16549055 153634 141868 17002246 18610113 X 114025 101212 673807 753271 14502159 14808093 15289991 15662576 32292237 34272689 X 0 372585 X false true X true 274283 274283 2903548 862018 2041530 38165481 14177061 23988420 26304233 INVESTMENTS IN ASSOC ORGANIZATIONS 6030521 C SUBORDINATED CERTIFICATES 388781 C 6419302 POST RETIREMENT BENEFITS 141868 141868 X 12205957 12205957 12205957 11384389 11384389 821568 821568 12205957 SCHEDULE D, PAGE 3, PART X 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 EXEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2019. SCHEDULE D, PAGE 4, PART XII, LINE 4B ASSIGNEMENT OF MARGINS TO MEMBERS 821,568 X false false false ROBERT M SMITH PRESIDENT & CEO 169948 95286 22871 288105 DOUG BEAR LINE SUPERINTENDENT 113944 67078 22281 203303 JAMISON HOLTHAUS JOURNEYMAN LINEMAN 102760 30263 22035 155058 JOSEPH WERNSMAN JOURNEYMAN LINEMAN 108891 25758 16788 151437 BRANDON COUSINS FAMILY MEMBER 112273 EE COMPENSATION false SCHEDULE L, PART V BRANDON COUSINS IS AN EMPLOYEE OF THE COOPERATIVE AND IS THE SON-IN-LAW TO A DIRECTOR OF THE BOARD OF DIRECTORS FORM 990 - ORGANIZATION'S MISSION MCDONOUGH POWER COOPERATIVE IS A MEMBER-OWNED AND LOCALLY CONTROLLED COOPERATIVE BUSINESS WHOSE MISSION IS TO PROVIDE HIGH QUALITY ELECTRIC AND RELATED SERVICES IN A SAFE, RELIABLE AND FINANCIALLY RESPONSIBLE MANNER FOR THE BETTERMENT OF THE MEMBERSHIP AND THE AREA IT SERVES. FORM 990, PAGE 6, PART VI, LINE 6 MCDONOUGH POWER IS WHOLLY OWNED BY THE MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS OF THE COOPERATIVE MUST RATIFY CHANGES TO THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE & ACCOUNTING MANAGER REVIEW THE 990 DRAFT FOR ACCURACY AND WILL ADDRESS ANY QUESTIONS TO PREPARER PRIOR TO SUBMITTING TO THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C ANY CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD OF DIRECTORS IN A REGULAR MONTHLY BOARD MEETING. THE BOARD OF DIRECTORS DISCUSSES THE ISSUE AND DETERMINES THE APPROPRIATE COURSE OF ACTION WITH THE BENEFIT OF LEGAL COUNSEL. FORM 990, PAGE 6, PART VI, LINE 15A REVIEWED AND SET BY THE BOARD OF DIRECTORS, WITH THE ASSISTANCE OF A SURVEY PROVIDED BY OUR STATEWIDE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B REVIEWED AND SET BY THE CEO USING SEVERAL COMPENSATION SURVEYS. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST. FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 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 DIVIDIENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS 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, 2022. FORM 990, PART XI, LINE 9 CURRENT YEAR MARGINS ASSIGNED TO MEMBERS 821,568 OTHER CHANGES 79,464 RETIREMENT OF CAPITAL CREDITS -515,634 CHANGE IN OCI -12,813 TOTAL 372,585