2022-06-08T09:48:14-05:00 2021-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET SUITE 300 JAMESTOWN NY 14701 990 2021-01-01 221317845 SUSSEX RURAL ELECTRIC COOPERATIVE SUSS 9738755101 64 COUNTY ROAD 639 SUSSEX NJ 07461 CHRIS REESE PRESIDENT AND CEO 9738755101 2022-06-08 1 CHRIS REESE 999009999 JAMES C ALEXANDER CPA P01384001 7163721620 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHRIS REESE 64 COUNTY ROAD 639 SUSSEX NJ 07461 23931586 0 X WWW.SUSSEXREC.COM X 1937 NJ TO PROVIDE ELECTRIC POWER TO MEMBERS. 9 9 51 0 7800 6800 0 1177270 20542430 20689610 69376 51986 1437412 2012720 22049218 23931586 0 0 638961 824915 594587 647807 0 0 0 19827496 19912086 21061044 21384808 988174 2546778 47880366 50512661 27261859 27086473 20618507 23426188 TO PROVIDE ELECTRIC POWER TO MEMBERS. 0 0 21384808 TO PROVIDE ELECTRIC POWER TO MEMBERS. 21384808 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 28 0 1 51 1 1 1 0 0 0 0 0 0 20813339 168774 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CORPORATION 9738755101 64 COUNTY ROUTE 639 SUSSEX NJ 07461 JACK HAGGERTY JR CHAIRMAN 6.00 0.50 X X 10350 0 0 WILLIAM KOVACH VICE-CHAIRMAN 4.00 0.50 X X 0 0 8050 RAYMOND W CORDTS SECRETARY/TREASURER 4.50 0.50 X X 0 0 6700 RONALD J DUPONT JR DIRECTOR 4.00 X 7500 0 0 THOMAS E MADSEN DIRECTOR 3.00 X 0 0 7500 BARBARA BERGE MILLER DIRECTOR 5.00 X 8750 0 0 BRAD SPARTA DIRECTOR 3.00 X 5375 0 0 MICHAEL HOPKINS DIRECTOR 4.50 0.50 X 0 0 4775 JOSEPH BARCA DIRECTOR 4.00 X 7625 0 0 CHRISTOPHER REESE PRESIDENT/CEO 45.00 1.00 X 253919 0 85693 KEVIN BOUTILIER DIRECTOR OF FINANCE 44.00 1.00 X 185403 0 56167 CHARLES PIKE DIRECTOR OF ENGINEERING 45.00 X 173912 0 64259 ANTHONY SALOKAS FIRST CLASS LINEMAN 47.25 X 150425 0 39297 JOSEPH UNDERWOOD FIRST CLASS LINEMAN 47.50 X 150540 0 39981 PETER GIANATTASIO CHIEF COORDINATOR 45.00 X 168308 0 32452 THOMAS STONE SUPERVISOR OF OPERATIONS 42.50 X 164691 0 43350 1286798 0 388224 23 0 1 0 ASPLUNDH TREE EXPERT 14 RIDGEDALE AVE CEDAR KNOLLS NJ 07927 TREE TRIMMING 1262616 1 1177270 1177270 SALE OF ELECTRICITY 221000 19558658 19558658 OTHER OPERATING REVENUE 221000 1130952 1130952 20689610 30501 30501 7800 528744 0 0 7800 528744 536544 7800 528744 21485 0 21485 21485 21485 G&T AND PATRONAGE CAPITAL CREDITS 221000 1618031 1618031 OTHER 221000 27322 27322 SUBSIDIARY LOSS 221000 -169177 -169177 1476176 23931586 22187271 7800 559245 824915 824915 647807 647807 745895 745895 1951422 1951422 COST OF POWER 9500474 9500474 DISTRIBUTION - MAINTENA 2659435 2659435 DISTRIBUTION - OPERATIO 2099807 2099807 GENERAL AND ADMINISTRAT 1605843 1605843 1349210 1349210 21384808 21384808 0 0 1015585 631838 2368422 2117684 1034965 1127743 3047364 3267617 75993838 40466692 33784714 35527146 6414897 7795391 214419 45242 47880366 50512661 3058723 3407789 2460587 2674405 21370319 20636349 372230 367930 27261859 27086473 X 54955 55160 0 0 20563552 23371028 20618507 23426188 47880366 50512661 X 2546778 260903 X X 0 1 X 1 0 75993838 40466692 35527146 35527146 ALLEGHENY ELECTRIC COOPERATIVE PATRONAGE 6039011 C NRUCFC 1532433 C FEDERATED INSURANCE PATRONAGE 188644 C OTHER 35303 C 7795391 CUSTOMER PREPAYMENTS 367930 367930 X 23931586 0 23931586 0 23931586 20559893 0 20559893 824915 824915 21384808 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO FEDERAL INCOME TAXES ON CERTAIN UNRELATED BUSINESS INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2018 AND LATER YEARS, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS 824,915. PART XII, LINE 4B ADJUSTMENTS: CAPITAL CREDIT RETIREMENTS OF $824,915 IS REPORTED ON PART IX ON THE STATEMENT OF FUNCTIONAL EXPENSES ON THE FORM 990, HOWEVER, ON THE AUDITED FINANCIAL STATEMENTS THEY ARE REPORTED AS A REDUCTION TO EQUITY. X X 0 0 0 CHRISTOPHER REESE PRESIDENT/CEO 253919 0 0 0 0 0 61173 0 24520 0 339612 0 0 0 KEVIN BOUTILIER DIRECTOR OF FINANCE 180403 0 5000 0 0 0 46559 0 9608 0 241570 0 0 0 CHARLES PIKE DIRECTOR OF ENGINEERING 168912 0 5000 0 0 0 46581 0 17678 0 238171 0 0 0 THOMAS STONE SUPERVISOR OF OPERATIONS 161691 0 3000 0 0 0 41261 0 2089 0 208041 0 0 0 PETER GIANATTASIO CHIEF COORDINATOR 168308 0 0 0 0 0 30764 0 1688 0 200760 0 0 0 JOSEPH UNDERWOOD FIRST CLASS LINEMAN 150540 0 0 0 0 0 27683 0 12298 0 190521 0 0 0 ANTHONY SALOKAS FIRST CLASS LINEMAN 150425 0 0 0 0 0 24308 0 14989 0 189722 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP OF THE COOPERATIVE HAVE THE POWER TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B CHANGES OR AMENDMENTS TO THE BYLAWS ARE APPROVED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 A SEPARATE COMMITTEE ON THE BOARD APPROVES COMPENSATION FOR THE PRESIDENT BASED ON INDUSTRY AND LOCAL COMPARISIONS. MANAGEMENT DETERMINES COMPENSATION FOR OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIP FEES 205. CHANGE IN OTHER COMPREHENSIVE INCOME 251,460. CHANGES IN OTHER EQUITY 9,238. FORM 990 PART XII LINE 2C THER HAVE BEEN NO CHANGES TO THE PROCESS. SREC RESOURCES INC PO BOX 7250 SUSSEX NJ 07461 223585145 SALES NJ C 1153581 679051 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 SREC RESOURCES A 7800 COST SREC RESOURCES D 340000 COST SREC RESOURCES O 494237 COST SREC RESOURCES P 167594 COST SREC RESOURCES Q COST