LANE-SCOTT ELECTRIC COOPERATIVE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- LANE-SCOTT ELECTRIC COOPERATIVE INC (EIN 48-0526038)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-10-11
- IRS object ID
- 202242849349301009
- Schema version
- 2021v4.2
- 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 | 2022-10-11T09:23:49-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 480526038 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LANE-SCOTT ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LANE | BusinessNameControlTxt |
| Phone | 6203975327 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 758 | AddressLine1Txt |
| City | DIGHTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67839 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD MCLEON | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 6203975327 | PhoneNum |
| Signature | 2022-09-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICHARD | PersonFirstNm |
| Person Last | MCLEON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2022-09-26 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICHARD MCLEON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 758 | AddressLine1Txt |
| City | DIGHTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67839 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,014,740 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.LANESCOTT.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | KS | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 26 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $793,572 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,591,974 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,436,633 | CYProgramServiceRevenueAmt |
| PY Investment Income | $247,896 | PYInvestmentIncomeAmt |
| CY Investment Income | $144,577 | CYInvestmentIncomeAmt |
| PY Other Revenue | $585,241 | PYOtherRevenueAmt |
| CY Other Revenue | $1,412,660 | CYOtherRevenueAmt |
| PY Total Revenue | $17,425,111 | PYTotalRevenueAmt |
| CY Total Revenue | $21,993,870 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,047 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,775 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $392,903 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,134,442 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,977,548 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,154,130 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,946,211 | PYOtherExpensesAmt |
| CY Other Expenses | $17,310,062 | CYOtherExpensesAmt |
| PY Total Expenses | $17,329,709 | PYTotalExpensesAmt |
| CY Total Expenses | $21,614,409 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $95,402 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $379,461 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $61,283,842 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,691,366 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,882,303 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $40,155,503 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $22,401,539 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,535,863 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LANE-SCOTT ELECTRIC COOPERATIVE, INC. BELIEVES THAT EVERY MEMBER IS ENTITLED TO RELIABLE AND EFFICIENT ELECTRIC SERVICE AT THE LOWEST POSSIBLE COST COMPATIBLE WITH GOOD GOVERNANCE POLICIES AND MANAGEMENT PRACTICES. WE ALSO BELIEVE THAT WE HAVE THE OBLIGATION TO PROVIDE OTHER RELATED SERVICES THAT ENRICH PEOPLES' LIVES AND IMPROVE THE COMMUNITIES IN WHICH THEY LIVE. WE BELIEVE ADHERENCE TO COOPERATIVE PRINCIPLES IS THE BEST WAY TO ACHIEVE THE ABOVE DESIRED OBJECTIVES. | 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 5,792 ACTIVE SERVICES AT YEAR. | 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 | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 | 0 | 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 | Yes (1) | 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 | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 74 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 26 | 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 |
| Members And Shr Gross Income | $18,855,931 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,672,975 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | 0 | 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 | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | 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 | KATHERINE E LEWIS FINANCE MANAGER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6203975327 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 758 | AddressLine1Txt |
| City | DIGHTON | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 67839 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| HAROLD HOSS | |||||||
| TRUSTEE | 2.70 | Yes (X) | $8,100 | $0 | $0 | ||
| RICHARD JENNISON | |||||||
| PRESIDENT | 1.70 | Yes (X) | $5,350 | $0 | $0 | Yes (X) | |
| CRAIG RAMSEY | |||||||
| VICE PRESIDENT | 2.30 | Yes (X) | $4,350 | $0 | $0 | Yes (X) | |
| RAD ROEHL | |||||||
| TRUSTEE | 2.90 | Yes (X) | $4,350 | $0 | $0 | ||
| PAUL SEIB JR | |||||||
| SECRETARY | 1.10 | Yes (X) | $4,350 | $0 | $0 | Yes (X) | |
| RICHARD SOREM | |||||||
| TRUSTEE | 1.30 | Yes (X) | $4,350 | $0 | $0 | ||
| RANDALL EVANS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $4,350 | $0 | $0 | ||
| ERIC DOLL | |||||||
| TREASURER | 1.40 | Yes (X) | $4,000 | $0 | $0 | Yes (X) | |
| CHAD GRIFFITH | |||||||
| TRUSTEE | 1.00 | Yes (X) | $2,950 | $0 | $0 | ||
| RICHARD MCLEON | |||||||
| GENERAL MANAGER | 50.00 | $230,905 | $0 | $106,013 | Yes (X) | ||
| KATHERINE E LEWIS | |||||||
| FINANCE MANAGER | 43.00 | $124,088 | $0 | $142,710 | Yes (X) | ||
| BENJAMIN MANN | |||||||
| CREW FOREMAN | 43.00 | $108,426 | $0 | $63,860 | Yes (X) | ||
| KASEY JENKINSON | |||||||
| CREW FOREMAN | 44.00 | $107,344 | $0 | $91,269 | Yes (X) | ||
| CHRIS TERHUNE | |||||||
| JOURNEYMAN | 44.00 | $106,051 | $0 | $61,441 | Yes (X) | ||
| KEVIN BRADSTREET | |||||||
| JOURNEYMAN | 44.00 | $106,664 | $0 | $35,704 | Yes (X) | ||
| MYRON SEIB | |||||||
| JOURNEYMAN | 44.00 | $104,603 | $0 | $70,992 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $930,231 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $571,989 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL INFORMATION SOLUTIONS COOPERATI | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE INNOVATIVE CIRCLE | AddressLine1Txt |
| City | LAKE SAINT LOUIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 63367 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | SOFTWARE AND OTHER SERVICES | ServicesDesc |
| Compensation | $159,669 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | 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 | $18,949,805 | $18,949,805 |
| PATRONAGE DIVIDENDS | 221000 | $1,462,917 | $1,462,917 |
| SERVICE FEES | 221000 | $23,911 | $23,911 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,436,633 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $160,696 | TotalRevenueColumnAmt |
| Exclusion | $160,696 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $3,000 | 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 | $3,000 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $3,000 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,751 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $20,870 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$16,119 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$16,119 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$16,119 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRICIAN/HVAC SERVICE | 221000 | $790,572 | $790,572 | |
| PPP LOAN FORGIVENESS | 221000 | $619,088 | $619,088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,409,660 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,993,870 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,420,514 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $793,572 | UnrelatedBusinessRevenueAmt |
| Exclusion | $779,784 | 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 | $15,775 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,134,442 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,866 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $964,447 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,563 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,826 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,428 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,338,351 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,844,094 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $11,294,294 |
| DISTRIBUTION EXP. | $1,147,083 |
| ELECTRICIAN/HVAC EXP. | $896,546 |
| ADMIN & GENERAL EXP. | $623,827 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,867 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,614,409 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,526 | BOYAmt |
| EOY | $135,427 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,974,610 | BOYAmt |
| EOY | $5,599,781 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,420,779 | BOYAmt |
| EOY | $1,610,859 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $328,131 | BOYAmt |
| EOY | $473,727 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $577,289 | BOYAmt |
| EOY | $2,921,268 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $61,326,739 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,807,547 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,464,618 | BOYAmt |
| EOY | $40,519,192 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,143,152 | BOYAmt |
| EOY | $13,253,022 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $259,737 | BOYAmt |
| EOY | $178,090 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,283,842 | BOYAmt |
| EOY | $64,691,366 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,029,197 | BOYAmt |
| EOY | $1,675,925 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,195,332 | BOYAmt |
| EOY | $37,593,001 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,774 | BOYAmt |
| EOY | $886,577 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,882,303 | BOYAmt |
| EOY | $40,155,503 | 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 | $0 | BOYAmt |
| EOY | $0 | 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 | $22,401,539 | BOYAmt |
| EOY | $24,535,863 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,401,539 | BOYAmt |
| EOY | $24,535,863 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,283,842 | BOYAmt |
| EOY | $64,691,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $379,461 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,754,863 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $95,456 | OtherCostOrOtherBasisAmt |
| Book Value | $95,456 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,810,660 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,134,898 | DepreciationAmt |
| Book Value | $1,675,762 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $57,416,507 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,672,649 | DepreciationAmt |
| Book Value | $37,743,858 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,004,116 | OtherCostOrOtherBasisAmt |
| Book Value | $1,004,116 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $40,519,192 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (12 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL-SUNFLOWER | $11,500,455 | C |
| PATRONAGE CAPITAL-KEC | $22,242 | C |
| PATRONAGE CAPITAL-NISC | $68,330 | C |
| PATRONAGE CAPITAL-S&T TEL | $109,656 | C |
| PATRONAGE CAPITAL-GB TEL | $32,604 | C |
| PATRONAGE CAPITAL-FEDERATED | $160,879 | C |
| PATRONAGE CAPITAL-COBANK | $20,346 | C |
| PATRONAGE CAPITAL-MKEC | $858,601 | C |
| PATRONAGE CAPITAL-CFC | $220,608 | C |
| CAPITAL TERM CERTIFICATES-CFC | $221,958 | C |
| MEMBERSHIPS IN ASSOC ORGS | $3,200 | C |
| OTHER INVESTMENTS | $34,143 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,253,022 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $112,956 |
| ACCRUED OPERATING TAXES | $437,847 |
| POWER COST ADJUSTMENT - OVERCOLLECTED | $335,774 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $886,577 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $21,097,324 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $21,097,324 | RevenueSubtotalAmt |
| Other Revenues Not Included | $896,546 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $896,546 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $21,993,870 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,583,421 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,583,421 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,030,988 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,030,988 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $21,614,409 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE UTILIZES THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | NON-OPERATING EXPENSES RECLASSIFIED TO PART IX, LINE 24 896,546. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 2,134,442. NON-OPERATING EXPENSES RECLASSIFIED TO PART IX, LINE 24 896,546. |
| PART VIII: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 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 IX HAS BEEN LEFT BLANK. |
| PART XII, LINE 4B: | FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD MCLEON | ||||||||||||||
| GENERAL MANAGER | $227,667 | $0 | $150 | $0 | $3,088 | $0 | $78,715 | $0 | $27,298 | $0 | $336,918 | $0 | $0 | $0 |
| KATHERINE E LEWIS | ||||||||||||||
| FINANCE MANAGER | $120,073 | $0 | $150 | $0 | $3,865 | $0 | $125,500 | $0 | $17,210 | $0 | $266,798 | $0 | $0 | $0 |
| KASEY JENKINSON | ||||||||||||||
| CREW FOREMAN | $106,794 | $0 | $150 | $0 | $400 | $0 | $65,632 | $0 | $25,637 | $0 | $198,613 | $0 | $0 | $0 |
| MYRON SEIB | ||||||||||||||
| JOURNEYMAN | $103,798 | $0 | $150 | $0 | $655 | $0 | $45,402 | $0 | $25,590 | $0 | $175,595 | $0 | $0 | $0 |
| BENJAMIN MANN | ||||||||||||||
| CREW FOREMAN | $107,362 | $0 | $150 | $0 | $914 | $0 | $54,918 | $0 | $8,942 | $0 | $172,286 | $0 | $0 | $0 |
| CHRIS TERHUNE | ||||||||||||||
| JOURNEYMAN | $104,529 | $0 | $1,150 | $0 | $372 | $0 | $35,851 | $0 | $25,590 | $0 | $167,492 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TRAVEL FOR COMPANIONS - PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE TRUSTEES THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. REIMBURSABLE COSTS INCLUDE TRAVEL AND MEAL ALLOWANCES. THE COOPERATIVE WILL ALSO REIMBURSE AN EMPLOYEE FOR TRANSPORTATION AND LODGING COSTS OF HIS/HER SPOUSE FOR APPROVED TRAVEL. DURING THE YEAR, TWO INDIVIDUALS REPORTED ON FORM 990, PART VII - JENNISON AND HOSS- RECEIVED THIS BENEFIT. SINCE THE COOPERATIVE CONSIDERS THE REIMBURSEMENT TO BE CONSISTENT TO A BONA FIDE BUSINESS PURPOSE, SUCH REIMBURSEMENTS WERE TREATED AS EXPENSES EXCLUDED FROM THE REPORTABLE COMPENSATION OF EACH. |
| PART II, COLUMN C: | 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. 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. RICHARD MCLEON ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $71,877 EMPLOYER CONTRIBUTION TO 401 (K): 6,838 TOTAL REPORTED IN COLUMN C: 78,715 LESS: ACTUARIAL INCREASE IN DBP: $(71,877) ADD: CASH CONTRIBUTION TO DBP: 63,098 EXPENSE TO THE COOPERATIVE: 69,936 KATHERINE E. LEWIS ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $119,386 EMPLOYER CONTRIBUTION TO 401 (K): 6,114 TOTAL REPORTED IN COLUMN C: 125,500 LESS: ACTUARIAL INCREASE IN DBP: $(119,386) ADD: CASH CONTRIBUTION TO DBP: 55,132 EXPENSE TO THE COOPERATIVE: 61,246 KASEY JENKINSON ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $61,003 EMPLOYER CONTRIBUTION TO 401 (K): 4,629 TOTAL REPORTED IN COLUMN C: 65,632 LESS: ACTUARIAL INCREASE IN DBP: $(61,003) ADD: CASH CONTRIBUTION TO DBP: 41,241 EXPENSE TO THE COOPERATIVE: 45,870 MYRON SEIB ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $40,985 EMPLOYER CONTRIBUTION TO 401 (K): 4,417 TOTAL REPORTED IN COLUMN C: 45,402 LESS: ACTUARIAL INCREASE IN DBP: $(40,985) ADD: CASH CONTRIBUTION TO DBP: 39,804 EXPENSE TO THE COOPERATIVE: 44,221 BENJAMIN MANN ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $50,289 EMPLOYER CONTRIBUTION TO 401 (K): 4,629 TOTAL REPORTED IN COLUMN C: 54,918 LESS: ACTUARIAL INCREASE IN DBP: $(50,289) ADD: CASH CONTRIBUTION TO DBP: 41,241 EXPENSE TO THE COOPERATIVE: 45,870 CHRIS TERHUNE ACTUARIAL INCREASE IN DEFERRED BENEFIT PLAN: $31,434 EMPLOYER CONTRIBUTION TO 401 (K): $4,417 TOTAL REPORTED IN COLUMN C: 35,851 LESS: ACTUARIAL INCREASE IN DBP: $(31,434) ADD: CASH CONTRIBUTION TO DBP: 39,804 EXPENSE TO THE COOPERATIVE: 44,221 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MYRON SEIB | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY RELATIONSHIP - (DIRECTOR P. SEIB) | RelationshipDescriptionTxt |
| Transaction | $104,603 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (20 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | RICHARD MCLEON (GM), PAUL SEIB, JR. (TRUSTEE), AND KATHERINE LEWIS (TRUSTEE) SERVED ON THE BOARD OF SUNFLOWER ELECTRIC POWER CORPORATION AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR, THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES MADE: ARTICLE III - MEETINGS OF MEMBERS SECTION 5. VOTING, WAS AMENDED TO ADD "THE BOARD OF TRUSTEES MAY ALLOW FOR VOTING BY MEMBERS BY IN-PERSON VOTING, VOICE VOTE, MEMBER WRITTEN VOTE OR ELECTRONIC MEANS. THE BOARD OF TRUSTEES SHALL AUTHORIZE A MEANS OF ELECTRONIC VOTING ONLY IF THE BOARD OF TRUSTEES IS SATISFIED THAT SUCH MEANS INCLUDES FUNCTIONALITY DESIGNED TO PREVENT DUPLICATE AND UNAUTHORIZED BALLOTING." SECTION 8. MEMBER ACTION BY WRITTEN BALLOT OR MAIL BALLOT, WAS AMENDED TO STATE THAT "MEMBERS MAY VOTE ON ANY ACTION THAT MAY BE TAKEN AT ANY MEMBER MEETING INCLUDING THE ELECTION OF TRUSTEES WITHOUT A MEMBER MEETING. PART 3 (A) WAS ALSO AMENDED TO STATE THAT "ANY MATERIAL SOLICITING APPROVAL OF ANY ACTION BY MEMBER WRITTEN BALLOT MUST CONTAIN A COPY OR SUMMARY OF EACH PROPOSED ACTION AND IF A TRUSTEE ELECTION IS BEING HELD, A LIST OF TRUSTEE NOMINEES IN ALPHABETICAL ORDER ALONG WITH BLANK SPACES FOR ADDITIONAL NOMINEES." SECTION 10. VIRTUAL MEETINGS, WAS ADDED TO THE BYLAWS AND STATES THAT "DURING EMERGENCIES OR CONDITIONS THAT MAKE MEETING IN PERSON DIFFICULT OR IMPOSSIBLE, THE BOARD OF TRUSTEES IS AUTHORIZED TO DESIGNATE THAT A MEETING OF THE MEMBERS MAY BE HELD BY VIRTUAL, ELECTRONIC OR OTHER NON IN-PERSON MEANS ("VIRTUAL MEETING"). THE VIRTUAL MEETING MUST ALLOW FOR PARTICIPATION OF ALL MEMBERS IN ATTENDANCE. THE VIRTUAL MEETING SHALL HAVE THE SAME FORCE AND EFFECT AS ACTION TAKEN BY IN-PERSON MEETINGS OR BY MEMBER'S WRITTEN BALLOT. QUORUM REQUIREMENTS FOR A VIRTUAL MEETING SHALL BE THE SAME REQUIREMENT FOR AN IN-PERSON MEETING." ARTICLE IV - TRUSTEES SECTION 2. ELECTION AND TENURE, WAS AMENDED TO ADD "THE ELECTION OF TRUSTEES MAY BE HELD BY VOICE VOTE, MAIL-IN BALLOT, WRITTEN BALLOT, OR ELECTRONIC BALLOT AT THE DISCRETION OF THE BOARD OF TRUSTEES. IN THE EVENT OF A TIE ELECTION, THE WINNER OF THE ELECTION SHALL BE DETERMINED BY THE FLIP OF A COIN." SECTION 4. NOMINATIONS, WAS AMENDED TO CHANGE THE NUMBER OF DAYS PRIOR TO THE MEETING OF THE MEMBERS THAT ANY 15 MEMBERS ACTING TOGETHER MAY MAKE NOMINATIONS BY PETITION FROM 15 DAYS TO 45 DAYS. AND THE SENTENCE NOTHING CONTAINED HEREIN SHALL, HOWEVER, PREVENT ADDITIONAL NOMINATIONS FROM THE FLOOR AT THE MEETING OF THE MEMBERS." WAS DELETED. SECTION 6. VACANCIES, ADDED "THE REMAINING TRUSTEES MAY UPON A MAJORITY VOTE OF THE REMAINING TRUSTEES, CHOOSE TO LEAVE THE VACANCY UNFILLED UNTIL THE NEXT ANNUAL MEETING OR SPECIAL MEETING OF THE MEMBERS AT WHICH TIME THE MEMBERS MAY ELECT A TRUSTEE FOR THE UNEXPIRED TERM OF THE TRUSTEE IN RESPECT OF WHOM THE VACANCY OCCURS." ARTICLE V - MEETINGS OF TRUSTEES SECTION 9. VIRTUAL MEETINGS, WAS ADDED TO THE BYLAWS AND STATES THAT "DURING EMERGENCIES OR CONDITIONS THAT MAKE MEETING IN PERSON DIFFICULT OR IMPOSSIBLE, THE BOARD OF TRUSTEES IS AUTHORIZED TO DESIGNATE THAT A MEETING OF THE MEMBERS MAY BE HELD BY VIRTUAL, ELECTRONIC OR OTHER NON IN-PERSON MEANS ("VIRTUAL MEETING"). THE VIRTUAL MEETING SHALL HAVE THE SAME FORCE AND EFFECT AS ACTION TAKEN BY IN-PERSON MEETINGS OR BY MEMBER'S WRITTEN BALLOT. QUORUM REQUIREMENTS FOR A VIRTUAL MEETING SHALL BE THE SAME REQUIREMENT FOR AN IN-PERSON MEETING." A COMPLETE COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: HTTPS://WWW.LANE-SCOTT.COOP/BYLAWS. |
| 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 TRUSTEES. 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 |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| 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 15 | THE BOARD OF TRUSTEES UTILIZE AN ANNUAL PERFORMANCE APPRAISAL WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE BOARD AND THE GENERAL MANAGER UTILIZE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT KANSAS AND THE NATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ADDITIONALLY, THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF ITS BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. FINALLY, A CURRENT COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE. |
| FORM 990. PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE 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. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990. PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO 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 VIII, LINE 11B | THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) ESTABLISHED THE PAYCHECK PROTECTION PROGRAM (PPP) TO PROVIDE LOANS TO SMALL BUSINESSES AS A DIRECT INCENTIVE TO KEEP THEIR WORKERS ON THE PAYROLL. THE LOANS ARE FORGIVEN IF ALL EMPLOYEE RETENTION CRITERIA ARE MET AND THE FUNDS ARE USED FOR ELIGIBLE EXPENSES. DURING THE YEAR, THE COOPERATIVE APPLIED FOR AND RECEIVED A LOAN OF $619,088. AFTER FULFILLING THE REQUIREMENTS OF THE PROGRAM, THE COOPERATIVE RECORDED THE ANTICIPATED LOAN FORGIVENESS AS INCOME, BECAUSE THE NATURE OF THE PROGRAM IS COMPRISED OF A BONA FIDE LOAN FOLLOWED BY LOAN FORGIVENESS. ALTHOUGH THE INSTRUCTIONS TO FORM 990 STATE THAT THE AMOUNT OF PPP LOANS THAT ARE FORGIVEN MAY BE REPORTED ON LINE 1E AS CONTRIBUTIONS FROM A GOVERNMENTAL UNIT, THE COOPERATIVE HAS CHOSEN TO REPORT THE PPP LOAN FORGIVENESS AS OTHER INCOME ON LINE 11B. |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RURAL UTILITIES SERVICE (RUS) UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS 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 $ 1,610,313 LESS: DIRECTORS FEES REPORTED ON FORM 1099-NEC (42,150) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (248,723) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 249,859 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 405,271 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 95,944 TOTAL WAGES ACCRUED AND/OR PAID $ 2,070,514 |
| FORM 990. PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 559,553 OFFICE SUPPLIES 49,293 OUTSIDE SERVICES 117,695 EMPLOYEE EDUCATION AND TRAINING 201,931 DIRECTORS 51,573 ANNUAL MEETING 130,128 CAPITAL CREDITS 11,160 DUES TO ASSOCIATED ORGANIZATIONS 70,887 MISCELLANEOUS GENERAL 57,480 REGULATORY COMMISSION 887 MAINTENANCE OF GENERAL PLANT 203,227 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 1,453,814 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (42,150) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (492,193) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (295,644) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 623,827 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: OTHER DEDUCTIONS $ 7,256 SALES 22,372 CONSUMER ACCOUNTS 104,941 CUSTOMER SERVICE AND INFORMATION 31,298 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 165,867 |
| 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 CALENDAR TAX 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 EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2021 CALENDAR YEAR. 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 1: | 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. EACH GRANT, SPONSORSHIP, AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 2,134,442. PATRONAGE CAPITAL RETIRED - TOTAL -436,369. PATRONAGE CAPITAL RETIRED - DISCOUNT 56,622. DONATED CAPITAL 168. |
| FORM 990. PART XII, LINE 2C: | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |