2022-05-06T10:05:55-05:00 2020-12-31 431064657 BOTZ DEAL & COMPANY PC TWO WESTBURY DRIVE ST CHARLES MO 633012558 990 2020-01-01 430510025 SEMO ELECTRIC COOPERATIVE SEMO 5734715821 PO BOX 520 SIKESTON MO 63801 RICHARD FAULKNER PRESIDENT 5734715821 2022-05-06 1 RICHARD FAULKNER 999009999 MICHELE A GRAHAM CPA P00147104 6369462800 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD FAULKNER PO BOX 520 SIKESTON MO 63801 43634403 0 X GOSEMO.COM X 1938 MO TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV AND PHONE. THE COOPERATIVE CURRENTLY EMPLOYS SIXTY-TWO EMPLOYEES AND GIVES BACK TO THE LOCAL COMMUNITY BY PAYING NEARLY NINE HUNDRED THOUSAND DOLLARS IN ELECTRIC AND FIBER PROPERTY TAXES. 12 12 65 0 4569095 0 0 1283300 40993795 42203903 70846 39125 82843 71908 41147484 43598236 0 0 616576 639410 441688 391021 0 0 0 40603967 42735399 41662231 43765830 -514747 -167594 139730102 155297219 76618012 92339913 63112090 62957306 X TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV AND PHONE. THE COOPERATIVE CURRENTLY EMPLOYS SIXTY-TWO EMPLOYEES AND GIVES BACK TO THE LOCAL COMMUNITY BY PAYING NEARLY NINE HUNDRED THOUSAND DOLLARS IN ELECTRIC AND FIBER PROPERTY TAXES. 0 0 WE PROVIDE ELECTRICITY TO OVER 16,000 HOMES, FARMS, AND BUSINESSES. THE CO-OP OPERATES ON A SLIM MARGIN AS POWER COSTS ARE BETWEEN 50% TO 60% OF OVERALL BUDGET. IN 2017, THE CO-OP STARTED ITS FIBER-TO-THE-HOME PROJECT. THE FIRST INSTALL OCCURRED IN MARCH 2018. MEMBERS ARE EXCITED ABOUT THE SERVICES. AS OF JULY 15, 2019, THERE WERE 2,000 SUBSCRIBERS. AS OF FEBRUARY 5, 2021, THERE WERE 5,494 CONNECTED SUBSCRIBERS. THE ORIGINAL BUILDOUT IS SCHEDULED TO BE COMPLETED IN OUR TERRITORY IN 2021. THE COOPERATIVE INVESTS NEARLY TWO MILLION DOLLARS IN 2020 TO TRIM TREES TO ENHANCE RELIABILITY. THE CO-OP HAS MORE THAN 2,600 MILES TO PROTECT. THE LINES NEED TRIMMED EVERY FOUR TO SIX YEARS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 72 0 1 65 1 1 1 0 0 0 0 0 0 36343595 5758476 0 0 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X SEAN VANSLYKE 5737037694 1505 S MAIN STREET SIKESTON MO 63801 RICHARD FAULKNER PRESIDENT 9.90 X X 6800 0 0 JOHN BLEDSOE VICE PRESIDENT 3.42 X X 7225 0 0 TIM COPPAGE SECRETARY/TREASURER 4.23 X X 6800 0 0 JAMES DENEKE ASST. TREASURER/SECRETARY 5.00 X X 8925 0 0 GLENNON DIRNBERGER BOARD MEMBER 3.15 X 6800 0 0 CARL EFTINK BOARD MEMBER 3.69 X 7650 0 0 DENNIS FOWLER BOARD MEMBER 4.35 X 10625 0 0 DICKY HANOR BOARD MEMBER 4.17 X 10625 0 0 MYRON HAWES BOARD MEMBER 8.56 X 9775 0 0 KEITH HAYNES BOARD MEMBER 4.96 X 11900 0 0 CARLA MOORE BOARD MEMBER 3.00 X 9775 0 0 HAMIL CORSE BOARD MEMBER 3.77 X 6375 0 0 SEAN VANSLYKE CEO (SALARY) 40.00 X 247596 0 116107 MARTIN VINEYARD SENIOR MGR OF OPERATIONS (SALARY) 40.00 X 139971 0 100393 LARRY KELLY SENIOR MGR OF ENGINEERING (SALARY) 40.00 X 162811 0 25304 TERRY BUNTING SERVICEMAN LINEMAN (HOURLY) 56.00 X 168720 0 66349 JOE HILL SERVICEMAN LINEMAN (HOURLY) 54.00 X 148637 0 77896 ROBERT GILMER CONSTRUCTION CREW LINEMAN (HOURLY) 55.00 X 149479 0 37166 1120489 0 423215 21 0 1 0 ERVIN CABLE CONSTRUCTION LLC PO BOX 10 STURGIS KY 42459 FIBER CONSTRUCTION 7525578 HIGHLAND CABLING LLC 223 N MAIN ST 205 SIKESTON MO 63801 FIBER CONSTRUCTION/FIBER HOME INSTALLS/D 2733391 TOWNSEND TREE SERVICE INC PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY CLEARING 1911604 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 38148 UTILITY/FIBER CONSTRUCTION 1790282 CO-MO COMM INC POBOX 220 TIPTON MO 65801 GOSEMO TV PROVIDER 1526980 5 1283300 1283300 ELECTRIC - ENERGY SALE 221000 36265949 36265949 FIBER SERVICES 517000 4569095 4569095 CAPITAL CREDITS 221000 1222792 1222792 POLE RENTAL 532000 115962 115962 SALVAGE REVENUE 221000 16801 16801 13304 13304 42203903 49825 49825 25467 36167 -10700 -10700 -10700 4655 0 4655 4655 MISCELLANEOUS REVENUE 900099 67253 67253 67253 43598236 37628763 4569095 117078 639410 391021 3220049 6238064 PURCHASED POWER 18849654 DISTRIBUTION MAINTENANC 4192783 ADMINISTRATIVE & GENERA 3548284 DISTRIBUTION OPERATION 2680311 4006254 43765830 1652682 4448482 3614220 4068011 1174959 1319049 77060 163930 155252542 33854623 109614882 121397919 22079670 22539684 1516629 1360144 139730102 155297219 4695371 5309392 613307 69078415 83885779 2844226 2531435 76618012 92339913 X 0 0 0 0 63112090 62957306 63112090 62957306 139730102 155297219 X -167594 12810 X X 0 1 X 1 0 1200 1200 1200 1 AMECPAC 2722 E MCCARTY JEFFERSON CITY MO 65102 431441879 1200 PART I-A, LINE 1: CONTRIBUTION TO AMECPAC WAS FOR POLITICAL LOBBYING ON STATEWIDE LEGISLATIVE ISSUES AFFECTING MEMBER-OWNERS. 423922 423922 4531696 1738398 2793298 150296924 32116225 118180699 121397919 PATRONAGE CAPITAL 21279622 C CFC CAPITAL TERM CERTIFICATES 1240352 C OTHER 19710 C 22539684 ACCRUED POSTRETIREMENT BENEFIT OBLIGATION 1742069 CUSTOMER DEPOSITS 379904 DEFERRED CREDIT 409462 2531435 X 43598236 0 43598236 0 43598236 43765830 0 43765830 0 43765830 PART X, LINE 2: FASB ASC TOPIC 740, INCOME TAXES, PROVIDES FOR THE RECOGNITION OF TAX BENEFITS RELATED TO UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2020, MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE AGENCY FILES FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, 990T AND A MO-1120. RETURNS PRIOR TO 2017 ARE CLOSED. X 0 0 0 SEAN VANSLYKE CEO (SALARY) 247596 0 0 0 0 0 91389 0 24718 0 363703 0 0 0 MARTIN VINEYARD SENIOR MGR OF OPERATIONS (SALARY) 139971 0 0 0 0 0 76676 0 23717 0 240364 0 0 0 TERRY BUNTING SERVICEMAN LINEMAN (HOURLY) 168720 0 0 0 0 0 47738 0 18611 0 235069 0 0 0 JOE HILL SERVICEMAN LINEMAN (HOURLY) 148637 0 0 0 0 0 59261 0 18635 0 226533 0 0 0 LARRY KELLY SENIOR MGR OF ENGINEERING (SALARY) 162811 0 0 0 0 0 10048 0 15256 0 188115 0 0 0 ROBERT GILMER CONSTRUCTION CREW LINEMAN (HOURLY) 149479 0 0 0 0 0 18550 0 18616 0 186645 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE LIMITED FARMING RELATIONSHIPS. EACH DIRECTOR HAS SIGNED A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 ALL ELECTRIC CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. ALL MEMBERS HAVE THE SAME RIGHTS TO ELECT INDIVIDUALS TO THE BOARD OF DIRECTORS. MEMBERS RECEIVE PATRONAGE CAPITAL ALLOCATIONS BASED ON THEIR ELECTRIC REVENUE CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE BOARD MEMBERS ARE ELECTED TO THREE YEAR TERM LIMITS. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION MEMBERS OF THE COOPERATIVE MUST APPROVE ALL BYLAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE PRELIMINARY DRAFT OF THE FORM 990 IS PRESENTED AT THE MONTHLY BOARD MEETING FOR THE BOARD TO REVIEW AND APPROVE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER MONITORS ON AN ANNUAL BASIS, THE CO-OP'S ATTORNEY REVIEWS THE BOARD'S RESPONSIBILITY AND DISCUSSES CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S PERSONNEL COMMITTEE MAKES RECOMMENDATION TO THE FULL BOARD FOR THE CEO'S PAY. THE COMMITTEE LOOKS AT MARKET RATES. MOST OTHER SALARIES ARE RECOMMENDED BY CEO AND APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS AVAILABLE AT THE SERVICES COUNTER AT BLOOMFIELD AND SIKESTON. FORM 990, PART VI, SECTION C, LINE 19 BOARD MINUTES AND YEAR-TO-DATE FINANCIALS ARE PRINTED EACH MONTH IN THE NEWSLETTER AND POSTED ON THE WEBSITE. PLUS, GOVERNING DOCUMENTS, BYLAWS, ETC, ARE POSTED ON THE WEBSITE. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS LIABILITY ADJUSTMENT 79,175. AMORTIZATION OF POSTRETIREMENT BENEFITS LIABILITY -66,365. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NOT CHANGED THEIR OVERSIGHT PROCESS FROM PRIOR YEARS. THE BOARD OF DIRECTORS REVIEW AND APPROVE AS LEAST TWO POLICIES PER MONTH. GOSEMO LLC PO BOX 520 SIKESTON MO 63801 821421396 INTERNET, TELEVISION AND PHONE SERVICES MO 4569095 5003805 SEMO ELECTRIC COOPERATIVE SEMO ELECTRIC FOUNDATION INC PO BOX 520 SIKESTON MO 63801 262362335 PROVIDE SCHOLARSHIPS TO INDIVIDUALS MO 501(C)(3) 170(B)(1)(A) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0