RURAL ELECTRIC CONVENIENCE COOPERATIVE CO: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- RURAL ELECTRIC CONVENIENCE COOPERATIVE CO (EIN 37-0495772)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-03
- IRS object ID
- 202302769349301460
- 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 | 2023-10-03T16:18:09-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743040374 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELSO LYNCH PC PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6700 SQUIBB RD STE 215 | AddressLine1Txt |
| City | MISSION | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 662023252 | 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 | 370495772 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RURAL ELECTRIC CONVENIENCE | BusinessNameLine1Txt |
| Business Name Line2 | COOPERATIVE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RURA | BusinessNameControlTxt |
| Phone | 2174386197 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 19 | AddressLine1Txt |
| City | AUBURN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 626150019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SEAN R MIDDLETON | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 2174386197 | PhoneNum |
| Signature | 2023-10-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SEAN R | PersonFirstNm |
| Person Last | MIDDLETON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS F HANCOCK CPA | PreparerPersonNm |
| PTIN | P00501575 | PTIN |
| Phone | 9138311150 | PhoneNum |
| Preparation | 2023-10-03 | PreparationDt |
| 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 | SEAN R MIDDLETON | PrincipalOfficerNm |
| Gross Receipts | $15,058,130 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.RECC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 30 | TotalEmployeeCnt |
| Total Gross UBI | $12,055 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $11,055 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $510,787 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,812,359 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,950,438 | CYProgramServiceRevenueAmt |
| PY Investment Income | $125,096 | PYInvestmentIncomeAmt |
| CY Investment Income | $83,918 | CYInvestmentIncomeAmt |
| PY Other Revenue | $29,545 | PYOtherRevenueAmt |
| CY Other Revenue | $23,774 | CYOtherRevenueAmt |
| PY Total Revenue | $14,477,787 | PYTotalRevenueAmt |
| CY Total Revenue | $15,058,130 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $779,476 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $405,826 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $803,801 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $754,151 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,894,510 | PYOtherExpensesAmt |
| CY Other Expenses | $13,898,153 | CYOtherExpensesAmt |
| PY Total Expenses | $14,477,787 | PYTotalExpensesAmt |
| CY Total Expenses | $15,058,130 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $42,595,868 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,536,285 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,621,891 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,523,856 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,973,977 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,012,429 | NetAssetsOrFundBalancesEOYAmt |
| Mission | AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | RURAL ELECTRIC CONVENIENCE COOPERATIVE (RECC) SERVES 5,904 CONSUMERS IN SANGAMON, MORGAN, MACOUPIN, CHRISTIAN, AND MONTGOMERY COUNTIES. RECC ALSO SERVES CONSUMERS IN SEVERAL GROWING SUBDIVISIONS AROUND SPRINGFIELD, TAYLORVILLE, LITCHFIELD, AND OTHER TOWNS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 15 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 30 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $14,912,536 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $577,203 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AUBRIE MEGGINSON | PersonNm |
| Phone | 2174386197 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 19 | AddressLine1Txt |
| City | AUBURN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 626150019 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| DAVID E STUVA | ||||||
| PRESIDENT & | 50.00 | Yes (X) | $215,133 | $0 | $32,332 | |
| TIMOTHY HEMBERGER | ||||||
| MGR OPERATIO | 45.00 | Yes (X) | $98,632 | $0 | $133,875 | |
| AUBRIE MEGGINSON | ||||||
| MGR FINANCE | 45.00 | Yes (X) | $84,834 | $0 | $35,992 | |
| SEAN R MIDDLETON | ||||||
| PRESIDENT/CE | 50.00 | Yes (X) | $17,259 | $0 | $8,902 | |
| THOMAS HART | ||||||
| DIRECTOR | 4.00 | $18,459 | $0 | $0 | Yes (X) | |
| CASSIE EIGENMANN | ||||||
| DIRECTOR | 4.00 | $18,228 | $0 | $0 | Yes (X) | |
| MELVIN REPSCHER | ||||||
| DIRECTOR | 5.00 | $17,871 | $0 | $0 | Yes (X) | |
| JIMMY AYERS | ||||||
| DIRECTOR | 4.00 | $15,245 | $0 | $0 | Yes (X) | |
| CHRIS WILCOX | ||||||
| DIRECTOR | 4.00 | $14,020 | $0 | $0 | Yes (X) | |
| CLAYTON BLOOME | ||||||
| DIRECTOR | 4.00 | $11,206 | $0 | $0 | Yes (X) | |
| ANDY GOLEMAN | ||||||
| DIRECTOR | 4.00 | $11,206 | $0 | $0 | Yes (X) | |
| LOU WEITEKAMP | ||||||
| DIRECTOR | 4.00 | $10,796 | $0 | $0 | Yes (X) | |
| GARY NIEMYER | ||||||
| DIRECTOR | 4.00 | $10,161 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $543,050 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $211,101 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|
| FARM CREDIT LEASING SERVICES | ||||||
| NW-9675 PO BOX 1450 | MINNEAPOLIS | MN | 55485 | VEHICLE LEASING | $272,860 | |
| FOLIES TREE SERVICE | ||||||
| PO BOX 1 | HILLVIEW | IL | 62050 | TREE CONTRACTOR | $203,140 | |
| ASSOCIATION OF ILLINOIS ELECTRIC | ||||||
| 6460 S 6TH STREET FRONTAGE RD E | SPRINGFIELD | IL | 62712 | SUPPORT SERVICE | $140,022 | COOPERATIVES |
| NATIONAL INFORMATION SOLUTION COOP | ||||||
| PO BOX 1147 | MANDAN | ND | 58554 | SOFTWARE | $137,286 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | $14,546,868 | $14,546,868 |
| CAPITAL CREDITS | 221000 | $237,425 | $237,425 |
| OTHER ELECTRIC REVENUE | 221000 | $166,145 | $166,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,950,438 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,038 | TotalRevenueColumnAmt |
| Exclusion | $21,038 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $14,332 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $14,332 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,332 | TotalRevenueColumnAmt |
| Exclusion | $14,332 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $62,880 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $62,880 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $62,880 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $62,880 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| 990T INCOME | 900099 | $12,055 | $12,055 | |
| MISC NON ELECTRIC REVENUE | 900099 | -$2,613 | -$2,613 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,442 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,058,130 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,010,705 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $12,055 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,370 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,826 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $754,151 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,012,271 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,680,579 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $8,238,852 |
| DISTRIBUTION EXPENSE | $1,520,025 |
| ADMIN & GENERAL | $1,111,226 |
| MEMBER SERVICES | $335,200 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,058,130 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $420,000 | BOYAmt |
| EOY | $125,046 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,144,268 | BOYAmt |
| EOY | $1,476,122 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $637,463 | BOYAmt |
| EOY | $737,084 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,504 | BOYAmt |
| EOY | $292,402 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $58,786,159 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,863,309 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,092,950 | BOYAmt |
| EOY | $38,922,850 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,894,683 | BOYAmt |
| EOY | $1,982,781 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,595,868 | BOYAmt |
| EOY | $43,536,285 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,841,957 | BOYAmt |
| EOY | $2,099,469 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,877 | BOYAmt |
| EOY | $287,256 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,303,842 | BOYAmt |
| EOY | $26,024,126 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $950,000 | BOYAmt |
| EOY | $810,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,215 | BOYAmt |
| EOY | $303,005 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,621,891 | BOYAmt |
| EOY | $29,523,856 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,121,276 | BOYAmt |
| EOY | $1,141,059 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,852,701 | BOYAmt |
| EOY | $12,871,370 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,973,977 | BOYAmt |
| EOY | $14,012,429 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,595,868 | BOYAmt |
| EOY | $43,536,285 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $38,452 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,209 | OtherCostOrOtherBasisAmt |
| Book Value | $22,209 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,435,999 | OtherCostOrOtherBasisAmt |
| Depreciation | $814,518 | DepreciationAmt |
| Book Value | $621,481 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $57,327,951 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,048,791 | DepreciationAmt |
| Book Value | $38,279,160 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $38,922,850 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITIES | Desc |
| Amt | $303,005 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $303,005 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,058,130 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $15,058,130 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $15,058,130 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,652,304 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $14,652,304 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $405,826 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $405,826 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,058,130 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 ASSOCIATION. WHILE THE ASSOCIATION BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE ASSOCIATION. THE ASSOCIATION RECOGNIZES ANY INTEREST AND PENALTIES ASSERTED BY TSXING AUTHORITIES IN INCOME TAX EXPENSE AND, WITH FEW EXCEPTIONS, 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 | BENEFITS ALLOCATED TO MEMBERS 405,826 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| DAVID E STUVA | ||||
| PRESIDENT & CEO | $215,133 | $20,426 | $11,906 | $247,465 |
| TIMOTHY HEMBERGER | ||||
| MGR OPERATIONS | $98,632 | $120,227 | $13,648 | $232,507 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 4 | DURING THE YEAR, THE MEMBERS OF THE COOPERATIVE APPROVED TO AMEND THE THE FOLLOWING BYLAWS OF THE COOPERATIVE: ARTICLE III - MEETING OF THE MEMBERS SECTION 4 - QUORUM SETION 4 WAS AMENDED TO LOWER THE NUMBER OF MEMBERS REQUIRED TO ESTABLISH A QUORUM FROM FOUR PERCENT TO TWO PERCENT OF THE MEMBERS ENTITLED TO VOTE. ARTICLE III - MEETING OF MEMBERS SECTION 6 - PROXIES SECTION 6 WAS AMENDED TO PROHIBIT THE USE OF PROXIES IF THE BOARD AUTHORIZES MEMBERS TO VOTE ELECTRONICALLY OR BY MAIL. ARTICLE III - MEETING OF MEMBERS SECTION 10 - MEMBER ATTENDANCE AT MEMBER MEETING SECTION 10 WAS AMENDED TO ALLOW THE BOARD TO CANCEL OR POSTPONE A MEMBER MEETING FOR COMPELLING REASONS AND LISTS ALTERNATIVE METHODS FOR MEMBERS TO PARTICIPATE AND VOTE. THE CHANGE WOULD NOT AFFECT THE REQUIREMENT TO BE PRESENT TO REMOVE A DIRECTOR, AMEND ARTICLES OF INCORPORATION, ALTER BORROWING AUTHORITY, OR TO CONSIDER OTHER IMPORTANT ISSUES IKE CONSOLIDATION, MERGING, DISSOLUTION, OR SELLING COOPERATIVE PROPERTY. ARTICLE III - MEETING OF MEMBERS SECTION 11 - INFORMAL MEMBER ACTION BY MEMBERS VOTING BY MAIL OR ELECTRONIC MEANS ON MATTERS MEMBERS ARE ENTITLED TO VOTE ONMEMBER ATTENDANCE AT MEMBER MEETING SECTION 11 IS NEW AND ALLOWS FLEXIBILITY FOR THE BOARD TO AUTHORIZE VOTING BY MAIL OR OTHER ELECTRONIC MEANS. THE ADDITION OF THIS SECTION DOES NOT AFFECT THE LEGAL REQUIREMENT TO BE PRESENT AND IN PERSON TO REMOVE A DIRECTOR, AMEND ARTICLES OF INCORPORATION, ALTER THE BOARDS BORROWING AUTHORITY, OR TO CONSIDER OTHER IMPORTANT ISSUES LIKE CONSOLIDATION, MERGING, DISSOLUTION, OR SELLING COOPERATIVE PROPERTY. THE CHANGE ALSO REMOVES THE MEMBERS RIGHT TO VOTE IN PERSON OR BY PROXY AT A MEMBER MEETING IN WHICH VOTING BY MAIL OR VOTING ELECTRONICALLY IS ALLOWED. ARTICLE IV - BOARD MEMBER SELECTION SECTION 4 - NOMINATIONS, BALLOTS AND ELECTIONS SECTION 4 WAS AMENDED TO CHANGE THE DATES AND NOW REQUIRES THE DIRECTORS TO APPOINT A NOMINATING COMMITTEE AND HAVE THE COMMITTEE POST ITS NOMINATION 30 DAYS EARLIER. NOMINATING PETITIONS SUBMITTED BY CANDIDATES WILL HAVE TO BE RECEIVED 15 DAYS EARLIER OR 45 DAYS PRIOR TO THE ANNUAL MEETING TO BE INCLUDED ON THE BALLOT. ARTICLE V - MEETINGS OF DIRECTORS SECTION 4 - QUORUM SECTION 4 WAS AMENDED TO ALLOW DIRECTORS TO BE COUNTED TOWARDS A QUORUM WHEN USING TELECOMMUNICATIONS. ARTICLE V - MEETINGS OF DIRECTORS SECTION 5 - MANNER OF ACTING SECTION 5 WAS AMENDED TO ALLOW DIRECTORS PARTICIPATING BY ELECTRONIC OR TELEPHONIC COMMUNICATION TO COUNT TOWARDS A QUORUM WHEN LESS THAN A QUORUM ATTEND IN PERSON. ARTICLE VI - OFFICERS SECTION 3 - REMOVAL OF OFFICERS AND AGENTS BY THE BOARD SECTION 3 WAS AMENDED TO REQUIRE A TWO-THIRDS VOTE OF THOSE DIRECTORS THEN HOLDING OFFICE TO REMOVE AN OFFICER. ARTICLE VII - NON-PROFIT OPERATION SECTION 7 - FORFEITURE OF CAPITAL CREDITS SECTION 7 WAS AMENDED TO CLARIFY THE PROCEDURES FOR PROCESSING UNCLAIMED CAPITAL CREDITS AND MANDATES THAT UNCLAIMED FUNDS BE HELD FOR TWO YEARS BEFORE BEING REASSIGNED TO THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE IS A MEMBER OWNED COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 7B | ANY BYLAW CHANGES ARE APPROVED BY THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE IRS FORM 990 IS REVIEWED BY MANAGEMENT AND THEN EMAILED TO THE BOARD MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION IS SELF POLICED. TYPICALLY DIRECTORS AND KEY EMPLOYEES ARE RE-ADDRESSED BEFORE CONFLICTS COULD ARISE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO IS DONE THROUGH AN ANUUAL REVIEW BY THE BOARD. |
| 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 DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE 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 | NET MARGINS ASSIGNED TO MEMBERS 405,826 GAIN ON RETIREMENTS 19,783 RETIREMENT OF CAPITAL CREDITS -387,157 TOTAL 38,452 |