2022-11-07T10:40:53-06:00 2021-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2021-01-01 730539216 KIAMICHI ELECTRIC COOPERATIVE INC KIAM 9184652338 944 SW HWY 2 WILBURTON OK 74578 BRETT ORME CEO 9184652338 2022-11-02 1 BRETT ORME 999009999 LAURIE HANSON CPA P00851848 6053391999 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRETT ORME 944 SW HWY 2 WILBURTON OK 74578 46432215 0 X N/A X 1945 OK TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE. 7 7 61 0 227585 14479 0 1100000 40023947 44737963 125032 47136 440535 547116 40589514 46432215 4900 13625 1665336 1903390 678242 704870 0 0 0 38241036 43810330 40589514 46432215 0 0 114216831 118158279 69605180 72533179 44611651 45625100 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMICS AND GOOD MANAGEMENT. 0 0 DISTRIBUTION OF ELECTRICITY TO 17,048 MEMBERS ON A COOPERATIVE BASIS. 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 61 1 1 1 0 0 0 0 0 0 45977254 1063453 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 1 1 OK X KIAMICHI ELECTRIC COOPERATIVE INC 8008882731 944 SW HWY 2 WILBURTON OK 74578 X RUSSELL SHAW DIRECTOR 18.00 X 34965 0 0 RON PELANCONI SECRETARY/TREASURER 20.00 X X 31201 0 0 LARRY CULWELL DIRECTOR 18.00 X 27801 0 0 DON PARR PRESIDENT 15.00 X X 25394 0 0 DAVID RAY DIRECTOR 18.00 X 26801 0 0 MARK ICHORD VICE-PRESIDENT 18.00 X X 21176 0 0 AMY MILLER DIRECTOR 18.00 X 21476 0 0 BRETT ORME CEO 45.39 X 239125 0 177562 CRYSTAL BUTLER CFO 44.82 X 131845 0 84946 DENNIS DOLAN MANAGER OF OPERATIONS 51.44 X 127686 0 156890 DAKOTA BOREN AREA MAINTENANCE MAN 49.01 X 101920 0 44146 BRIAN SAWYER AREA MAINTENANCE MAN 51.92 X 109564 0 51245 WILLIAM SHROCK AREA MAINTENANCE MAN 49.28 X 102984 0 55880 JEREMY SHAFFER AREA MAINTENANCE MAN 56.33 X 122664 0 42206 1124602 0 612875 10 0 1 0 GORDON CONSTRUCTION 905 WEST MAIN STIGLER OK 74462 OH LINE CONSTRUCTION/MAINTENANCE 2365917 RIGGS TREE SERVICE INC PO BOX 453225 GROVE OK 74345 RIGHT-OF-WAY MAINTENANCE 1137996 LATIMER RIGHT-OF-WAY PO BOX 728 WILBRTON OK 74578 RIGHT-OF-WAY MAINTENANCE 572092 BIGFOOT LAND SERVICES 2430 S COMMERCE ARDMORE ARDMORE OK 73401 RIGHT-OF-WAY MAINTENANCE 357699 RICKY CRANE CONSTRUCTION LLC 28030 GOAT RIDGE RD WISTER WISTER OK 74966 UG LINE CONSTRUCTION 326905 7 1100000 1100000 RESIDENTIAL 221000 29907834 29907834 SMALL COMMERCIAL 221000 9260373 9260373 INDUSTRIAL 221000 2179024 2179024 CAPITAL CREDITS 221000 1216567 1216567 GROSS RECEIPTS TAX 221000 857755 857755 1316410 1316410 44737963 30735 30735 315760 0 315760 315760 315760 16401 0 16401 16401 16401 WILDBLUE 517000 227585 227585 NONOPERATING REVENUE 221000 3771 3771 231356 46432215 44741734 227585 362896 13625 1903390 704870 2148034 3797578 COST OF POWER 27053438 DISTRIBUTION - MAINTENA 4999685 ADMINISTRATIVE & GENERA 2506427 DISTRIBUTION - OPERATIO 1500234 1804934 46432215 306382 149132 21838 21925 4997936 5142857 883140 1465840 666469 534503 119843610 30035434 87041328 89808176 28090 3460 20263943 21024695 7705 7691 114216831 118158279 3710860 4072070 47272229 52212027 6216581 2128324 12405510 14120758 69605180 72533179 X 83555 85240 0 0 44528096 45539860 44611651 45625100 114216831 118158279 X 0 1013449 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 229328 229328 9610786 1012576 8598210 5649326 4094620 1554706 104354170 24928238 79425932 89808176 INVESTMENT IN WESTERN FARMERS ELECTRIC COOP 15160036 C INVESTMENT IN KAMO ELECTRIC COOP 2053205 C INVESTMENT IN COBANK 1711229 C INVESTMENT IN NRUCFC 865065 C INVESTMENT IN SOUTHEASTERN DATA COOP 181615 C INVESTMENT IN NRTC 131694 C INVESTMENT IN ARKANSAS ELECTRIC COOP 148180 C INVESTMENT IN NATIONAL INFORMATION SOLUTIONS COOP 52071 C NRUCFC SUBORDINATE CERTIFICATES 721600 C 21024695 ACCUMULATED PROVISIONS - ASSET RETIREMENT OBLIGATIONS 5769257 DEFERRED CREDITS 5811161 CUSTOMER DEPOSITS 2540340 14120758 X 46266515 -165700 -165700 46432215 0 46432215 44363125 0 44363125 2069090 2069090 46432215 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2021 AND 2020, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP -165,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP 165,700. ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,903,390. X X 0 0 0 BRETT ORME CEO 237502 0 0 0 1623 0 152002 0 26532 0 417659 0 0 0 DENNIS DOLAN MANAGER OF OPERATIONS 126035 0 0 0 1651 0 136610 0 20753 0 285049 0 0 0 CRYSTAL BUTLER CFO 130738 0 0 0 1107 0 53386 0 32109 0 217340 0 0 0 JEREMY SHAFFER AREA MAINTENANCE MAN 122580 0 0 0 84 0 9921 0 32598 0 165183 0 0 0 BRIAN SAWYER AREA MAINTENANCE MAN 109440 0 0 0 124 0 18767 0 32791 0 161122 0 0 0 WILLIAM SHROCK AREA MAINTENANCE MAN 102900 0 0 0 84 0 24320 0 31873 0 159177 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. BRETT ORME CHANGE IN ACTUARIAL VALUE: $147,369 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $50,715 CRYSTAL BUTLER CHANGE IN ACTUARIAL VALUE: $50,780 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $28,493 WILLIAM SHROCK CHANGE IN ACTUARIAL VALUE: $22,794 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $16,218 DENNIS DOLAN CHANGE IN ACTUARIAL VALUE: $134,322 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $24,652 BRIAN SAWYER CHANGE IN ACTUARIAL VALUE: $17,240 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $16,218 JEREMY SHAFFER CHANGE IN ACTUARIAL VALUE: $8,394 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $16,218 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE VOTE TO ELECT DISTRICT OFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY WITHOUT APPROVAL OF THE MAJORITY OF THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT UTILIZE AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD AND ALSO REVIEWED BY THE CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY SITUATIONS THAT DO OR COULD CREATE A CONFLICT OF INTEREST. POTENTIAL CONFLICTS ARE REPORTED TO THE UNIMPACTED GENERAL MANAGER OR BOARD TRUSTEE. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER A CONFLICT EXISTS. IF IT'S DETERMINED THERE IS A REAL OR APPARENT CONFLICT OF INTEREST, THE COOPERATIVE WILL DISQUALIFY THE AFFECTED INDIVIDUAL FROM ACTING ON ANY MATTER OR PARTICIPATING IN ANY DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. FAILURE BY THE AFFECTED PERSON TO COMPLY WITH THE CONFLICT OF INTEREST POLICY SUBJECTS THE INDIVIDUAL TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, IF SO WARRANTED BY THE OFFENSE. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE USES STATEWIDE AND NATIONAL COMPARATIVE DATA ANNUALLY FOR DETERMINING COMPENSATION FOR THE CEO, THE CFO, AND THE EMPLOYEES. THE DETERMINATION OF COMPENSATION IS MADE BY INDEPENDENT PERSONS AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL MEETING NEWSLETTER AND UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -725,353. LOSS ON ACCUM. POST-RETIREMENT BENEFIT OBLIGATION -75,808. AMORT. OF ACCUM. POST-RETIREMENT BENEFIT OBLIGATION -89,508. MEMBERSHIPS - NET CHANGE 1,685. CHANGE IN OTHER EQUITIES -957. ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,903,390.