2022-07-26T13:35:52-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 REBECCA JACOBSON CFO 8006378667 2022-07-21 1 REBECCA JACOBSON 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-07-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BOBBY WILLIAMS JR 525 US ROUTE 40 GREENVILLE IL 62246 63354486 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 84 0 0 0 0 0 62186853 61893176 57997 57358 1174609 1403952 63419459 63354486 27014 43719 6942782 9290776 755111 813163 0 0 0 54713254 52250128 62438161 62397786 981298 956700 157322582 164346209 100291483 99790694 57031099 64555515 X THE CORPORATE PURPOSE AND GOAL IS, IN ACCORDANCE WITH AND THROUGH THE AUTHORITY GRANTED BY THE LAWS OF THE STATE OF ILLINOIS AND THE COOPERATIVE'S ARTICLES OF INCORPORATION AND BYLAWS, TO PROVIDE ENERGY AND OTHER SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH PRUDENT UTILITY PRACTICES. 0 0 THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 23,848 MEMBERS IN BOND, MADISON, AND FAYETTE COUNTIES IN ILLINOIS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 84 1 0 0 0 0 0 0 0 60617760 3620601 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 1 0 X X X ANNETTE HARTLIEB 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 ANN SCHWARM PRESIDENT 6.30 X X 25488 0 0 SANDRA GRAPPERHAUS VICE PRESIDENT 5.80 X X 25188 0 0 SANDRA NEVINGER DIRECTOR 5.90 X 25088 0 0 THEODORE WILLMAN DIRECTOR 2.50 X 24888 0 0 ANNETTE HARTLIEB SECRETARY 6.50 X X 25188 0 0 JARED STINE DIRECTOR 3.80 X 25188 0 0 JERRY GAFFNER TREASURER 7.80 X X 25188 0 0 WILLAIM JENNINGS DIRECTOR 7.00 X 25388 0 0 MARVIN WARNER DIRECTOR 2.80 X 5988 0 19500 BOBBY WILLIAMS JR CEO 50.00 X 243996 0 125570 REBECCA JACOBSON CFO 50.00 X 146732 0 57673 ANDREW JONES VP BUSINESS DEVELOPMENT 50.00 X 162502 0 104850 MIKE WILLMAN VP OF OPERATIONS 50.00 X 154909 0 95370 JOEL LAFRANCE SYSTEM-WIDE TROUBLEMAN FOREMAN 49.10 X 154120 0 38009 LEO DUBLO CONSTRUCTION FOREMAN 48.80 X 151301 0 49223 RICHARD MERSINGER MAINTENANCE FOREMAN 48.40 X 151168 0 103656 BARBARA TEDRICK DIRECTOR - FORMER 0.00 X 12100 0 0 1384420 0 593851 34 1 1 0 L KEELEY CONSTRUCTION 500 S EWING AVE SUITE G ST LOUIS MO 63103 CONSTRUCTION CONTRACTING 1369080 ASPLUNDH TREE EXPERT COMPANY 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARANCE 1143715 JF ELECTRIC INC PO BOX 570 EDWARDSVILLE IL 62025 ELECTRICAL CONTRACTING 1055489 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 POWER SYSTEMS CONSULTING SERVICES 252780 USIC LOCATING SERVICES PO BOX 713359 CINCINNATI OH 45271 LOCATING SERVICE 119740 5 SALE OF POWER 221000 61893176 61893176 61893176 57358 57358 CAPITAL CREDITS 900099 905244 905244 FORFEITED DISCOUNTS & SERVICE REV 900099 314615 314615 MISCELLANEOUS INCOME 221000 184093 184093 1403952 63354486 63297128 0 57358 32719 11000 9290776 813163 3740024 5657926 COST OF POWER 27882680 DISTRIBUTION EXPENSE - 4818537 ADMIN & GENERAL EXPENSE 4748892 CONSUMER ACCOUNT EXPENS 1613236 3788833 62397786 2221100 2633727 318398 368657 5420622 4510296 672053 590888 1326931 1631910 380046 410972 210301261 64545104 139366652 145756157 105716 94374 4013042 4294576 3498022 4054652 157322582 164346209 4373060 4358632 90691289 89658500 5227134 5773562 100291483 99790694 X 0 0 0 0 57031099 64555515 57031099 64555515 157322582 164346209 X 956700 6567716 X X 0 1 X 1 0 685989 685989 3810794 1173427 2637367 193769902 59665970 134103932 12034576 3705707 8328869 145756157 ACCUMULATED PROVISION FOR PENSION & BENEFITS 94374 CONSUMER DEPOSITS 850275 DEFERRED CREDITS 4828913 5773562 X 63354486 0 63354486 0 63354486 53107010 0 53107010 9290776 9290776 62397786 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (THE CODE). THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 9,290,776. 1 ANDERSON HOSPITAL FOUNDATION 6800 STATE ROUTE 162 MARYVILLE IL 62062 274548522 501(C)(3) 5750 0 THE COOPERATIVE SPONSORS A TABLE AT THE ANNUAL CHARITY AUCTION AND A TEAM AT THE ANNUAL GOLF TOURNAMENT. 1 0 COLLEGE SCHOLARSHIPS 11 11000 PART I, LINE 2: SCHOLARSHIP FUNDS ARE GIVEN TO QUALIFYING RECIPIENTS SELECTED THROUGH AN EXTENSIVE APPLICATION PROCESS CONDUCTED BY THE BOARD OF DIRECTORS SCHOLARSHIP COMMITTEE. ONCE SELECTED, THE FUNDS ARE DISTRIBUTED TO THOSE THAT HAVE EFFECTIVE OVERSIGHT IN THE USE OF THE ASSISTANCE GIVEN, USUALLY THE COLLEGE OR UNIVERSITY. ANY OTHER ASSISTANCE IS PROVIDED FOR A SPECIFIC PURPOSE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. X X X 0 0 0 BOBBY WILLIAMS JR CEO 238068 0 0 0 5928 0 104877 0 20693 0 369566 0 0 0 ANDREW JONES VP BUSINESS DEVELOPMENT 158816 0 0 0 3686 0 84523 0 20327 0 267352 0 0 0 RICHARD MERSINGER MAINTENANCE FOREMAN 150661 0 0 0 507 0 71889 0 31767 0 254824 0 0 0 MIKE WILLMAN VP OF OPERATIONS 152513 0 0 0 2396 0 71864 0 23506 0 250279 0 0 0 REBECCA JACOBSON CFO 144927 0 0 0 1805 0 33262 0 24411 0 204405 0 0 0 LEO DUBLO CONSTRUCTION FOREMAN 151090 0 0 0 211 0 27674 0 21549 0 200524 0 0 0 JOEL LAFRANCE SYSTEM-WIDE TROUBLEMAN FOREMAN 152761 0 0 0 1359 0 5442 0 32567 0 192129 0 0 0 BARBARA TEDRICK DIRECTOR - FORMER 12100 0 0 0 0 0 0 0 0 0 12100 0 12100 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS REQUIRED. ANY PERSON WHO MEETS THE QUALIFICATIONS FOR MEMBERSHIP, AS OUTLINED IN SECTION 2 OF THE BYLAWS, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE OR TO RECEIVE DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A PER SECTION 2(A)(2) OF THE BYLAWS "MEMBERS SHALL BE ENTITLED TO VOTE AT ANY MEETING OF THE COOPERATIVE AND SHALL BE ENTITLED TO BE ELECTED A DIRECTOR OF THE COOPERATIVE SUBJECT TO COMPLIANCE WITH THE QUALIFICATIONS STATED IN SECTION 5". FORM 990, PART VI, SECTION A, LINE 7B SECTION 4(C) OF THE BYLAWS COVERS VOTING ON ISSUES DULY PRESENTED TO THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE FROM THE CFO, REVIEWED AND APPROVED BY THE CEO AND CFO, AND THEN PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BY THE INHERENT INTIMATE NATURE AMONG ITS MEMBERS, THE BOARD REGULARLY MONITORS THIS POLICY THROUGH DISCUSSION AND INTERACTION WITH THE PUBLIC AND THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 15 THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. ANNUALLY, EACH DIRECTOR COMPLETES AN EXTENSIVE PERFORMANCE EVALUATION ON THE CEO FOR REVIEW AND DISCUSSION WITH THE COMPLETE BOARD. THE BOARD THEN DETERMINES THE RATE OF COMPENSATION FOR THE CEO. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. THE CEO AND VP OF HUMAN RESOURCES SETS THE STAFF SALARIES USING DATA FROM THE NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA AND EVALUATION OF JOB PERFORMANCE. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES GOVERNING DOCUMENTS AND POLICIES AVAILABLE TO ITS MEMBERS UPON REQUEST AT THE CORPORATE HEADQUARTERS. THE COOPERATIVE ALSO PLACES BYLAWS/MEMBER GUIDES AND FINANCIALS ON ITS WEBSITE FOR INSPECTION. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -2,908,336. OTHER ADJUSTMENTS 185,276. PATRONAGE DIVIDENDS ALLOCATED 9,290,776. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.