2022-10-20T09:51:35-05:00 2021-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2021-01-01 630033945 Pioneer Electric Cooperative Inc PION 3343826636 PO Box 468 Greenville AL 36037 Terry Moseley General Manager 3343826636 2022-09-16 1 Terry Moseley 999009999 Patrick Cooper P00856177 3348347660 2022-09-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Terry Moseley PO Box 468 Greenville AL 36037 29119242 0 X www.pioneerelectric.com X 1940 AL To safely deliver reliable service, in a timely and courteous manner, at the lowest possible cost to our members. 9 9 54 0 0 0 0 0 28278744 27848162 83288 157801 181058 1113279 28543090 29119242 0 0 2281925 2157742 1102526 970002 0 0 0 25158639 25991498 28543090 29119242 0 0 87240018 91310213 59095930 61918333 28144088 29391880 To safely deliver reliable service, in a timely and courteous manner, at the lowest possible cost to our members. 0 0 Pioneer Electric Cooperative, Inc. has grown to cover the rural areas of four South Central Alabama counties, serving approximately 12,000 members with 13,000 meters. The service area of Pioneer Electric Cooperative, Inc. primarily covered Butler, Lowndes, Dallas and Wilcox counties. Its service area also extended into five other counties which included parts of Autauga, Crenshaw, Covington, Conecuh and Monroe counties. Utilizing 2,766 miles of electric distribution lines, Pioneer Electric Cooperative, Inc. sold 173,938,958 kilowatt hours of electric energy to its cooperative members in 2021. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 44 0 1 54 1 0 0 0 0 0 27331462 736836 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 Lauren Smith 3343826636 300 Herbert Street Greenville AL 36037 John Henry Trustee - President 6.30 X 26150 0 0 Melvia Carter Trustee - Vice President 6.00 X 26400 0 0 David Lyon Jr Trustee 4.10 X 20400 0 0 Thomas Duncan Trustee 8.30 X 23900 0 0 George Thompson Trustee 3.30 X 20650 0 0 Glenn E Branum Trustee - Secretary 3.90 X 24350 0 0 Melvin Dale Trustee 6.00 X 21900 0 0 Linda Arnold Trustee 5.30 X 24900 0 0 Joshua C Gardner Trustee 7.50 X 21200 0 0 Terry Moseley General Manager 40.00 X 191560 0 85158 Cleveland Poole VP of Economic Development 40.00 X 85549 0 34145 Lauren Smith VP of Accounting & Finance 40.00 X 122257 0 52349 Phillip Baker VP of Engineering and Oper 40.00 X 139270 0 49864 748486 0 221516 3 0 1 0 Asplundh Tree Expert Company PO Box 532729 Atlanta GA 30353 Right of Way Clearing 1411801 Osmose Utility Services Inc PO Box 117284 Atlanta GA 30368 Pole Treatment 176026 2 Sales of electricity 221000 27331462 27331462 Patronage allocations 221000 516700 516700 27848162 41583 41583 159929 0 159929 159929 159929 116218 0 116218 116218 116218 Non-operating Income 221000 953350 62335 891015 953350 29119242 27910497 0 1208745 2157742 970002 1954706 3201449 Cost of power 13378336 Distribution - Maintena 3470161 Administrative & genera 1190945 Distribution - Operatio 1165336 1630565 29119242 6536819 9131073 3324124 2685833 96750 64500 326800 379239 5480701 5183404 88254422 32437017 54986561 55817405 15187643 15590506 1300620 2458253 87240018 91310213 2704111 2365981 1200000 54397166 56271858 1994653 2080494 59095930 61918333 X 0 0 0 0 28144088 29391880 28144088 29391880 87240018 91310213 X 0 1247792 X X 0 0 0 705320 263057 968377 5013168 3115614 1897554 82272877 29321403 52951474 55817405 Patronage Capital - CoBank 227989 C Patronage Capital - Other 62719 C Patronage Capital - PowerSouth Energy Cooperative 10314973 C Patronage Capital - GRESCO 202008 C Patronage Capital - NRUCFC 2158753 C Patronage Capital - NISC 99526 C Patronage Capital - Federated Rural Electric Insurance Exchange 236511 C CFC Loan Retained 2215516 C Patronage Capital - United Utility 65048 C Other investments in associated organizations 7463 C 15590506 Consumer deposits 1498568 Pension benefit obligation 24840 Unclaimed capital credits 557086 2080494 X X 0 0 0 Terry Moseley General Manager 186910 0 0 0 4650 0 65567 0 19591 0 276718 0 0 0 Phillip Baker VP of Engineering and Oper 138099 0 0 0 1171 0 31334 0 18530 0 189134 0 0 0 Lauren Smith VP of Accounting & Finance 121932 0 0 0 325 0 33853 0 18496 0 174606 0 0 0 Calvin Poole Family member of Cleveland Poole,VP of Economic Development & Legal Affairs 19947 Medical Insurance 0 Form 990, Part VI, Section A, line 6 Pioneer Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws. Form 990, Part VI, Section A, line 7a The members of Pioneer Electric Cooperative may elect one or more members of the governing body at the annual meeting. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the Articles of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by management before it was presented to the Board of Trustees. The external accountant who assisted management in the preparation of the Form 990 conducted a formal review of the Form 990 with the Trustees at the monthly board meeting before the Form 990 was filed. Form 990, Part VI, Section B, line 12c On an annual basis, Pioneer Electric Cooperative requires disclosure of potential conflicts of interests on a questionnaire. These are then reviewed by the accounting staff at the Cooperative. If conflicts are found, they are reported to the Board (in the case of conflicts of interest involving Board Members or the General Manager) or to the General Manager (in the case of conflicts of interest involving Key Employees). Form 990, Part VI, Section B, line 15 Information is gathered from state and national electric cooperative organizations to insure that levels of compensation are within statistical norms of the industry. For the General Manager's compensation, the Board of Trustees review the facts and figures and determine the rate of compensation. For the key staff, the general manager gives an overview of the salaries as they compare with state and national averages with the Board, though he makes the final determination. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request at Pioneer Electric Cooperative's main office in Greenville, Alabama. The Cooperative's By-Laws are also available on its Website. Form 990, Part XI, line 9: Patronage Allocation of Current Year Margins to Members 2,157,742. Retirement of Capital Credits -1,115,200. Utility Tax Refund Assigned Directly to Members 169,505. Unclaimed Capital Credits 35,745. Form 990, Part XII, Line 2 Pioneer Electric Cooperative's financial statement year end differs from its tax year end. The cooperative receives audited financial statements on an annual basis for the year ended June 30th. Pioneer Electric Cooperative Charitable Foundation 300 Herbert Street Greenville AL 36037 844006063 Provides Financial Assistance AL 501(c)(3) A community trust N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Pioneer Electric Cooperative Charitable Foundation R 68329 Cash-Operation Round Up