KENERGY CORP: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KENERGY CORP (EIN 61-1345109)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-09-13
- IRS object ID
- 202342569349301579
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-13T15:47:22-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611345109 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENERGY CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KENE | BusinessNameControlTxt |
| Phone | 8008444832 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 18 | AddressLine1Txt |
| City | HENDERSON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42419 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRAVIS SIEWERT | PersonNm |
| Person Title | VP - FINANCE & ACCOUNTING | PersonTitleTxt |
| Phone | 8008444832 | PhoneNum |
| Signature | 2023-09-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TRAVIS | PersonFirstNm |
| Person Last | SIEWERT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2023-09-06 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TRAVIS SIEWERT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 18 | AddressLine1Txt |
| City | HENDERSON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $624,237,435 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.KENERGYCORP.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 136 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $240,069 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $85,377 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $468,832,341 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $622,472,876 | CYProgramServiceRevenueAmt |
| PY Investment Income | $849,787 | PYInvestmentIncomeAmt |
| CY Investment Income | $395,342 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,909,499 | PYOtherRevenueAmt |
| CY Other Revenue | $1,179,533 | CYOtherRevenueAmt |
| PY Total Revenue | $473,591,627 | PYTotalRevenueAmt |
| CY Total Revenue | $624,047,751 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $49,422 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,134,690 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,568,806 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,538,196 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,816,051 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $455,755,854 | PYOtherExpensesAmt |
| CY Other Expenses | $609,585,527 | CYOtherExpensesAmt |
| PY Total Expenses | $473,428,740 | PYTotalExpensesAmt |
| CY Total Expenses | $624,019,806 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $162,887 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $27,945 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $260,651,880 | TotalAssetsBOYAmt |
| Total Assets EOY | $278,992,513 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $176,399,305 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $193,237,199 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,252,575 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $85,755,314 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SAFELY PROVIDE RELIABLE ELECTRIC SERVICES THAT ENHANCE THE QUALITY OF THE LIVES OF OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 59,214 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 136 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $622,750,667 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,219,350 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRAVIS SIEWERT VP FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008444832 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 18 | AddressLine1Txt |
| City | HENDERSON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| WILLIAM REID | ||||||||
| CHAIRMAN | 2.40 | Yes (X) | Yes (X) | $13,250 | $0 | $0 | ||
| JOHNATHAN AYER | ||||||||
| VICE CHAIRMAN | 4.00 | Yes (X) | Yes (X) | $11,700 | $0 | $0 | ||
| CRAIG ROBERTS | ||||||||
| SECRETARY/TREASURER | 4.00 | Yes (X) | Yes (X) | $12,900 | $0 | $0 | ||
| RICHARD BASHAM | ||||||||
| DIRECTOR | 8.80 | Yes (X) | $15,600 | $0 | $0 | |||
| SUSAN BLANFORD | ||||||||
| DIRECTOR | 4.50 | Yes (X) | $15,300 | $0 | $0 | |||
| LARRY ELDER | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $14,400 | $0 | $0 | |||
| RYAN HAMMACK JULY-DEC | ||||||||
| DIRECTOR | 6.50 | Yes (X) | $6,000 | $0 | $0 | |||
| MICHAEL HAZELWOOD JULY-DEC | ||||||||
| DIRECTOR | 4.50 | Yes (X) | $6,900 | $0 | $0 | |||
| EDDIE LEACH | ||||||||
| DIRECTOR | 12.00 | Yes (X) | $13,200 | $0 | $0 | |||
| ROBERT WHITE | ||||||||
| DIRECTOR | 4.50 | Yes (X) | $13,200 | $0 | $0 | |||
| BRENT WIGGINTON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $13,800 | $0 | $0 | |||
| CHRISTOPHER MITCHELL JAN-JUNE | ||||||||
| DIRECTOR | 12.00 | Yes (X) | $7,500 | $0 | $0 | |||
| WILLIAM DENTON JAN | ||||||||
| DIRECTOR | 12.00 | Yes (X) | $650 | $0 | $0 | |||
| JEFF HOHN | ||||||||
| PRESIDENT & CEO | 50.00 | Yes (X) | $404,637 | $0 | $239,967 | |||
| DEBRA HAYDEN | ||||||||
| ASSISTANT SECRETARY | 40.00 | Yes (X) | $100,129 | $0 | $49,145 | |||
| TRAVIS SIEWERT | ||||||||
| VP - FINANCE & ACCOUNTING | 45.00 | Yes (X) | $155,381 | $0 | $63,781 | |||
| ROB STUMPH | ||||||||
| VP - ENGINEERING & OPERATIONS | 45.00 | $215,565 | $0 | $173,533 | Yes (X) | |||
| STEVE THOMPSON | ||||||||
| VP - REGULATORY/EXTERNAL AFFAIRS | 40.00 | $194,511 | $0 | $80,466 | Yes (X) | |||
| KEITH ELLIS | ||||||||
| VP - ADMINISTRATIVE SERVICES | 50.00 | $191,141 | $0 | $100,672 | Yes (X) | |||
| MICHAEL CHURCH | ||||||||
| OPERATIONS MANAGER | 50.00 | $138,987 | $0 | $109,048 | Yes (X) | |||
| CASEY BAKER | ||||||||
| OPERATIONS MANAGER | 50.00 | $136,907 | $0 | $77,180 | Yes (X) | |||
| DUSTIN LANHAM | ||||||||
| SERVICE TECHNICIAN | 54.00 | $132,290 | $0 | $47,840 | Yes (X) | |||
| JACOB COURTNEY | ||||||||
| LINE TECHNICIAN | 54.00 | $130,381 | $0 | $42,748 | Yes (X) | |||
| RANDY CRABTREE | ||||||||
| CONSTRUCTION MANAGER | 50.00 | $128,258 | $0 | $60,880 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,072,587 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,045,260 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 48 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HALTER TREE SERVICE INC | |||||
| 325 MAIN ST | VINCENNES | IN | 47591 | TREE TRIMMING | $5,196,400 |
| PENSKE TRUCK LEASING CO | |||||
| PO BOX 827380 | PHILADELPHIA | PA | 19182 | VEHICLE MAINTENANCE | $1,170,578 |
| WILLIAM E GROVES CONSTRUCTION INC | |||||
| PO BOX 1205 | MADISONVILLE | KY | 42431 | POWER LINE CONSTRUCTION/TESTING | $975,771 |
| 5 STAR ELECTRIC LLC | |||||
| 170 BEAN CEMETERY ROAD | MADISONVILLE | KY | 42331 | POWER LINE CONSTRUCTION | $881,534 |
| CONEXON LLC | |||||
| 2001 GRAND BLVD SUITE 700 | KANSAS CITY | MO | 64108 | FIBER MANAGEMENT/DESIGN | $782,751 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $621,395,635 | $621,395,635 |
| SERVICE FEES | 221000 | $723,524 | $723,524 |
| PATRONAGE DIVIDENDS | 221000 | $353,717 | $353,717 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $622,472,876 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $284,650 | TotalRevenueColumnAmt |
| Exclusion | $284,650 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $238,892 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $238,892 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $238,892 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $238,892 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $300,376 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $189,684 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $110,692 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,692 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $110,692 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|---|
| POLE ATTACHMENT INCOME | 221000 | $938,798 | $938,798 | ||
| TELECOM REVENUE | 517000 | $1,177 | $1,177 | ||
| MISCELLANEOUS NON-OPERATING INCOM | 221000 | $666 | $666 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $940,641 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $624,047,751 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $622,584,234 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $240,069 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,223,448 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,422 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,568,806 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,113,328 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,370,935 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,096,183 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,658,043 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $577,562 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,510,928 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,456,228 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $578,498,247 |
| DISTRIBUTION EXPENSE | $10,351,305 |
| ADMINISTRATIVE & GENERA | $1,284,611 |
| UNRELATED BUS. INC. TAX | $40,053 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,444,155 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $624,019,806 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,355,443 | BOYAmt |
| EOY | $9,477,202 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,179,902 | BOYAmt |
| EOY | $32,625,169 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,726,135 | BOYAmt |
| EOY | $9,428,758 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $798,220 | BOYAmt |
| EOY | $684,209 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $374,205,048 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $169,414,176 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,322,912 | BOYAmt |
| EOY | $204,790,872 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,102,669 | BOYAmt |
| EOY | $6,160,185 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,166,599 | BOYAmt |
| EOY | $15,826,118 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,651,880 | BOYAmt |
| EOY | $278,992,513 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,705,017 | BOYAmt |
| EOY | $45,860,031 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,521,096 | BOYAmt |
| EOY | $140,754,335 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,173,192 | BOYAmt |
| EOY | $6,622,833 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,399,305 | BOYAmt |
| EOY | $193,237,199 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,340 | BOYAmt |
| EOY | $231,750 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,022,235 | BOYAmt |
| EOY | $85,523,564 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,252,575 | BOYAmt |
| EOY | $85,755,314 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,651,880 | BOYAmt |
| EOY | $278,992,513 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $27,945 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,474,794 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,392,871 | OtherCostOrOtherBasisAmt |
| Book Value | $1,392,871 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,598,684 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,515,714 | DepreciationAmt |
| Book Value | $5,082,970 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $358,899,305 | OtherCostOrOtherBasisAmt |
| Depreciation | $163,898,462 | DepreciationAmt |
| Book Value | $195,000,843 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,314,188 | OtherCostOrOtherBasisAmt |
| Book Value | $3,314,188 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $204,790,872 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTEREST AND DIVIDENDS RECEIVABLE | $20,520 |
| ACCRUED UTILITY REVENUE | $13,869,886 |
| REGULATORY ASSET | $1,935,712 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $15,826,118 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER ADVANCES FOR CONSTRUCTION | $2,210,834 |
| OTHER DEFERRED CREDITS | $506,574 |
| OTHER LIABILTIES | $109,595 |
| CONSUMER DEPOSITS | $3,795,830 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,622,833 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | KENERGY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS INCLUDE NO PROVISION FOR SUCH TAXES. WHEN APPLYING THE 85 PERCENT TEST OF IRC 501(C)(12), KENERGY EXCLUDES THE BIG RIVERS NON-CASH ALLOCATIONS FROM GROSS INCOME. ASC 740-10, INCOME TAXES, PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES. KENERGY HAS PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| PART VII: | THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 12 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VII HAS BEEN LEFT BLANK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| OHIO COUNTY FOOD PANTRY | ||||||||
| 1220 S MAIN STREET | HARTFORD | KY | 42347 | 610549873 | 501(C)(3) | $5,617 | $0 | COMPANY MATCH |
| WENDELL FOSTERS | ||||||||
| 815 TRIPLETT STREET | OWENSBORO | KY | 42303 | 610490868 | 501(C)(3) | $11,772 | $0 | CONTRIBUTION & COMPANY MATCH |
| KENERGY OPERATION ROUNDUP INC | ||||||||
| PO BOX 18 | HENDERSON | KY | 42419 | 475198197 | 501(C)(3) | $6,300 | $0 | CONTRIBUTION & COMPANY MATCH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEFF HOHN | ||||||||||||||
| PRESIDENT & CEO | $328,773 | $0 | $35,716 | $0 | $40,148 | $0 | $215,607 | $0 | $24,360 | $0 | $644,604 | $0 | $0 | $0 |
| ROB STUMPH | ||||||||||||||
| VP - ENGINEERING & OPERATIONS | $191,211 | $0 | $3,690 | $0 | $20,664 | $0 | $149,923 | $0 | $23,610 | $0 | $389,098 | $0 | $0 | $0 |
| KEITH ELLIS | ||||||||||||||
| VP - ADMINISTRATIVE SERVICES | $165,633 | $0 | $3,690 | $0 | $21,818 | $0 | $68,181 | $0 | $32,491 | $0 | $291,813 | $0 | $0 | $0 |
| STEVE THOMPSON | ||||||||||||||
| VP - REGULATORY/EXTERNAL AFFAIRS | $168,663 | $0 | $3,690 | $0 | $22,158 | $0 | $56,006 | $0 | $24,460 | $0 | $274,977 | $0 | $0 | $0 |
| MICHAEL CHURCH | ||||||||||||||
| OPERATIONS MANAGER | $128,961 | $0 | $3,690 | $0 | $6,336 | $0 | $78,136 | $0 | $30,912 | $0 | $248,035 | $0 | $0 | $0 |
| TRAVIS SIEWERT | ||||||||||||||
| VP - FINANCE & ACCOUNTING | $142,822 | $0 | $3,690 | $0 | $8,869 | $0 | $32,817 | $0 | $30,964 | $0 | $219,162 | $0 | $0 | $0 |
| CASEY BAKER | ||||||||||||||
| OPERATIONS MANAGER | $129,435 | $0 | $3,690 | $0 | $3,782 | $0 | $57,212 | $0 | $19,968 | $0 | $214,087 | $0 | $0 | $0 |
| RANDY CRABTREE | ||||||||||||||
| CONSTRUCTION MANAGER | $118,411 | $0 | $3,690 | $0 | $6,157 | $0 | $30,199 | $0 | $30,681 | $0 | $189,138 | $0 | $0 | $0 |
| DUSTIN LANHAM | ||||||||||||||
| SERVICE TECHNICIAN | $126,787 | $0 | $3,690 | $0 | $1,813 | $0 | $17,696 | $0 | $30,144 | $0 | $180,130 | $0 | $0 | $0 |
| JACOB COURTNEY | ||||||||||||||
| LINE TECHNICIAN | $125,326 | $0 | $3,690 | $0 | $1,365 | $0 | $13,835 | $0 | $28,913 | $0 | $173,129 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | 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. JEFF HOHN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 215,607 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 215,607 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (215,607) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 71,454 EXPENSE TO THE COOPERATIVE $ 71,454 ROB STUMPH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 149,923 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 149,923 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (149,923) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 43,266 EXPENSE TO THE COOPERATIVE $ 43,266 KEITH ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 68,181 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 68,181 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (68,181) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,460 EXPENSE TO THE COOPERATIVE $ 39,460 STEVE THOMPSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,006 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 56,006 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,006) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,104 EXPENSE TO THE COOPERATIVE $ 46,104 MICHAEL CHURCH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 78,136 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 78,136 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (78,136) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 36,073 EXPENSE TO THE COOPERATIVE $ 36,073 TRAVIS SIEWERT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 32,817 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 32,817 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (32,817) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,436 EXPENSE TO THE COOPERATIVE $ 34,436 CASEY BAKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 57,212 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 57,212 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (57,212) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,426 EXPENSE TO THE COOPERATIVE $ 35,426 RANDY CRABTREE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,199 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 30,199 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,199) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 21,835 EXPENSE TO THE COOPERATIVE $ 21,835 DUSTIN LANHAM: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,696 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 17,696 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,696) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,762 EXPENSE TO THE COOPERATIVE $ 19,762 JACOB COURTNEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,835 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 13,835 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,835) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,306 EXPENSE TO THE COOPERATIVE $ 19,306 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (19 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | A BUSINESS RELATIONSHIP EXISTS BETWEEN DIRECTOR BRENT WIGGINTON ADN DIRECTOR ROBERT WHITE. BOTH SERVE ON THE BOARD OF BIG RIVERS ELECTRIC COOPERATIVE AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. |
| 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 DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| 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 6. REMOVAL OF A DIRECTOR FROM THE BOARD |
| 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 | ANNUALLY, THE CHAIRMAN OF THE BOARD OF DIRECTORS REQUIRES EACH BOARD MEMEBER AND THE CEO TO COMPLETE AND SIGN A FORM LISTING THE NAMES OF THEIR BUSINESS INTEREST, POSITIONS HELD, AND THE OWNERSHIP PERCENTAGE. ANNUALLY, THE CEO REQUIRES ALL VICE-PRESIDENTS AND MANAGERS TO COMPLETE A SURVEY PROVIDING THE SAME INFORMATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS APPROVES CEO COMPENSATION BASED ON A REVIEW OF PERFORMANCE AND OF EXTERNAL MARKET PRICING. TO ASSIST WITH EXTERNAL MARKET PRICING, AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY USED. FOR ALL OTHER EMPLOYEE OFFICERS AND KEY EMPLOYEES, COMPENSATION IS DETERMINED BY EXTENAL MARKET SOURCES, INCLUDING THE PERIODIC USE OF AN INDEPENDENT COMPENSATION CONSULTANT. INTERNAL MARKET PRICING IS ESTABLISHED BY UTILIZING A POINT-FACTOR METHOD OF ASSIGNING WEIGHTED FACTORS BASED ON A VARIETY OF COMPENTENCIES. THE BOARD OF DIRECTORS APPROVES THE BUDGET, INCLUDING COMPENSATION OF EMPLOYEE OFFICERS AND KEY EMPLOYEES, BASED ON THIS PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | KENERGY PROVIDES EACH MEMBER, THROUGH A BILLING INSERT, A CONDENSED BALANCE SHEET AND INCOME STATEMENT COMPARING THE MOST RECENT CALENDAR YEAR TO THE PREVIOUS CALENDAR YEAR. THE COMPARATIVE STATEMENT OF OPERATIONS, AS WELL AS THE BYLAWS, CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE AT WWW.KENERGYCORP.COM/ABOUT. ADDITIONALLY, POLICIES ARE MADE AVAILABLE TO MEMBERS UPON A WRITTEN REQUEST. |
| FORM 990, PARTS VI & VII: | THE COOPERATIVE ANNUALLY PROVIDES EACH DIRECTOR WHO SERVED ON THE BOARD DURING THE YEAR A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE USED TO COMPLETE THE APPLICABLE QUESTIONS ON THE FORM 990 PERTAINING TO BUSINESS RELATIONSHIPS AMONG DIRECTORS, OFFICERS, AND KEY EMPLOYEES, AS WELL AS TO DETERMINE IF THERE ARE ANY TRANSACTIONS WHICH MUST BE REPORTED IN DETAIL ON SCHEDULE L - "TRANSACTIONS WITH INTERESTED PERSONS". IF THE COOPERATIVE WAS UNABLE TO OBTAIN A COMPLETED QUESTIONNAIRE, THE COOPERATIVE RELIED UPON THE COMPLETED INFORMATION FOR THE PRIOR YEAR. THE COOPERATIVE DID NOT RECEIVE A QUESTIONNAIRE FROM TWO DIRECTORS - , MR. MITCHELL AND MR. DENTON. THERE WERE NO KNOWN CHANGES FOR THE TWO INDIVIDUALS FROM 2021 TO 2022. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE ACTIVELY PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. A DEFINED CONTRIBUTION PLAN IS ALSO OFFERED TO EMPLOYEES. SINCE JANUARY 1, 2019, THE DEFINED CONTRIBUTION PLAN IS FOR ELECTIVE SALARY DEFERRALS ONLY AND NOT MATCHED BY THE COOPERATIVE. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER 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. |
| FORM 990, PART VIII, LINE 2B: | PATRONAGE DIVIDENDS 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 UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED BY THE FEDERAL REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE THE RURAL UTILITIES SERVICE (RUS). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARETLY STATES 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, 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 AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 9,484,263 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (144,400) LESS: EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (707,564) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 12,321 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 3,334,034 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 273,611 TOTAL WAGES ACCRUED AND/OR PAID $12,252,265 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: BROADBAND EXPENSE $ 140,494 CONSUMER EXPENSE 709,448 TAXES 586,312 OTHER DEDUCTIONS 7,801 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 1,444,055 |
| 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 ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2022 CALENDAR YEAR. WHEN ALLOCATED, THE COOPERATIVE NOTIFIES THE PATRONS OF THE STATED DOLLAR AMOUNT OF THE PATRONAGE DIVIDEND IN WRITING. ADDITIONALLY, 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, LINE 24: | AMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 2,329,620 OFFICE SUPPLIES 8,852 OUTSIDE SERVICES 163,912 REG. COMMISSION EXPENSE 773 MISCELLANEOUS GENERAL 518,744 DIRECTORS EXPENSE 219,951 MAINTENANCE OF GENERAL PLANT 960,748 ADVERTISING EXPENSE 5,395 MANAGEMENT EXPENSE 8,718 FRANCHISES EXPENSE 5,000 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 4,221,713 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (144,400) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,914,797) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (877,905) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,284,611 |
| FORM 990, PART X, LINES 29 & 31: | THE COOPERATIVE PREVIOUSLY INCLUDED MEMBERSHIPS AS A COMPONENT OF RETAINED EARNINGS ON LINE 31 OF PART X. HOWEVER, FOR THE 2022 CALENDAR YEAR, THE COOPERATIVE BEGAN REPORTING THESE AMOUNTS ON LINE 29. TO INCREASE CONSISTENCY, MEMBERSHIPS IN THE AMOUNT OF $230,340 FOR THE 2021 CALENDAR YEAR HAVE BEEN RECLASSED FROM LINE 31 TO LINE 29. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ALLOCATED 1,568,806. PATRONAGE CAPITAL RETIRED - TOTAL -238,119. PATRONAGE CAPITAL RETIRED - DISCOUNT 142,697. NET CHANGE IN MEMBERSHIPS 1,410. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENERGY OPERATION ROUND-UP INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 18 | AddressLine1Txt |
| City | HENDERSON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475198197 | EIN |
| Primary Activities | UTILITY BILL ASSISTANCE | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENERGY CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENECT INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 18 | AddressLine1Txt |
| City | HENDERSON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 851820461 | EIN |
| Primary Activities | FIBER AND BROADBAND ACCESS SUBLEASE | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENERGY CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $32,734 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $57 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| KENECT INC | ||
| A | $32,676 | CASH RECEIVED |
| KENECT INC | ||
| N | $0 | N/A - LESS THAN $50,000 |
| KENECT INC | ||
| O | $0 | N/A - LESS THAN $50,000 |
| KENERGY OPERATION ROUND-UP INC | ||
| B | $0 | N/A - LESS THAN $50,000 |