2022-11-07T10:03:39-05:00 2021-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2021-01-01 370512347 SHELBY ELECTRIC COOPERATIVE SHEL 2177743986 PO BOX 560 SHELBYVILLE IL 62565 JOSH M SHALLENBERGER CEO 2177743986 2022-11-01 true JOSH SHALLENBERGER 999009999 THOMAS F HANCOCK CPA P00501575 9138311150 2022-11-07 2021 2022-09-23 18:48:47Z JOSH M SHALLENBERGER 36586768 false X WWW.SHELBYELECTRIC.COOP X 1938 IL TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT AN AFFORDABLE COST. 9 9 58 579471 1198976 0 34950245 35294337 115958 81256 1208713 1175234 37473892 36550827 21500 23500 5113991 3368716 1642438 1267926 0 0 30695963 31890685 37473892 36550827 0 76480054 76941402 30900902 28451627 45579152 48489775 TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT AN AFFORDABLE COST. false false SHELBY ELECTRIC COOPERATIVE SERVES ALL OR PARTS OF CHRISTIAN, CUMBERLAND, EFINGHAM, FAYETTE, MACON, MONTGOMERY, MOULTRIE, SANGAMON AND SHELBY COUTIES. THE COOPERATIVE SERVES AROUND 10,000 MEMBER-OWNERS WITH OVER 2,200 MILES OF ENERGIZED LINE. false false false false false false false false false true false true false true true false true false false false false false false false false false true true true false false false false false false false false false false false true true true false true 53 0 true 58 true true true false false false false 35188933 2262800 false false false X 9 9 false false true false true true true true true false false true true true true true true true true true false X JOSH SHALLENBERGER 2177743986 PO BOX 560 SHELBYVILLE IL 62565 JOSH M SHALLENBERGER CEO 45.00 X 241632 0 136971 BRIAN R CHEVALIER OPERATIONS 45.00 X 127733 0 83803 BRADLEY R WRIGHT OPERATIONS 45.00 X 123401 0 78629 JAMES A MATLOCK COO 45.00 X 134422 0 23056 TERRY L OLDHAM OPERATIONS 45.00 X 125247 0 22570 TROY L HATFIELD CONTROLLER 45.00 X 89258 0 46529 ROBERT HOLTHAUS DIRECTOR 2.00 X 7225 0 0 DAVID KEOWN DIRECTOR 2.00 X 5400 0 0 BRENT LIVELY DIRECTOR 2.00 X 5025 0 0 KATIE OHMES DIRECTOR 1.00 X 3900 0 0 GREG MACKLING DIRECTOR 1.00 X 3600 0 0 LARRY DURBIN DIRECTOR 1.00 X 3450 0 0 BRIAN HALBROOK DIRECTOR 1.00 X 2700 0 0 BENNIE CLAWSON DIRECTOR 1.00 X 1800 0 0 PAM RINCKER DIRECTOR 1.00 X 1575 0 0 876368 391558 5 false true false FINLEY ENGINEERING CO INC PO BOX 959624 ST LOUIS MO 63195 ENGINEERING SVC 227152 NISC PO BOX 1177 MANDAN ND 58554 SOFTWARE/SUPPOR 214277 AIEC PO BOX 3787 SPRINGFIELD IL 62708 TRAINING 209893 MADDOX ELECTRIC 9922 ROCKY FOR ROAD PIEDMONT AL 36272 REPAIR WORK 112424 4 ELECTRIC REVENUES 221000 33618547 33618547 CAPITAL CREDITS 221000 1475810 1475810 MISC ELECTRIC REVENUE 221000 199980 199980 35294337 117197 117197 64154 1276 64154 1276 65430 29256 36174 35941 -35941 -35941 -35941 OTHER NON OPERATING 900099 559589 559589 990-T REVENUE 900099 553146 553146 K-1 ACTIVITY 900099 -2931 -2931 1109804 36550827 35817985 579471 153371 X 15000 8500 3368716 706543 561383 1257114 2767530 COST OF POWER 20630482 DISTRIBUTION EXPENSE 3363056 ADMIN & GENERAL 2421797 MEMBER SERVICES 1450706 36550827 0 0 0 2464260 2079437 4676682 4056528 5958121 4773127 459231 580292 5934580 6496975 82076287 44022322 36626169 38053965 20361011 20901078 76480054 76941402 2547376 2608384 277934 297923 26436372 23915066 1639220 1630254 30900902 28451627 X 2939546 3098620 42639606 45391155 45579152 48489775 76480054 76941402 X 0 2910623 X false true X true 252366 252366 4731870 2520508 2211362 77092051 41501814 35590237 38053965 INVESTMENTS IN ASSOCIATED ORGA 18396703 C OTHER INVESTMENTS 1586700 C SUBORDINATE CERTIFICATES 879137 C NON-UTILITY PROPERTY 38538 C 20901078 POST RETIREMENT BENEFIT OBLIGATION 1630254 1630254 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE AND FILES IRS FORM 990 ANNUALLY. AN EVALUATION OF WHETHER OR NOT IT HAS UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE COOPERATIVE. WHILE THE COOPERATIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNISES ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE, AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2018. false SHELBY COUNTY CEO OFFICE OF BUSINESS/ECONOMIC DEVELOP 170 E MAIN SHELBYVILLE IL 62565 15000 SCHOLARSHIPS 14 8500 X X X false false false JOSH M SHALLENBERGER CEO 241632 116999 19972 378603 BRIAN R CHEVALIER OPERATIONS 127733 65134 18669 211536 BRADLEY R WRIGHT OPERATIONS 123401 60084 18545 202030 JAMES A MATLOCK COO 134422 4112 18944 157478 FORM 990, PAGE 6, PART VI, LINE 4 BYLAW AMENDMENT TO INCREASE THE BOARD OF DIRECTORS FROM 7 TO 9 MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 SHELBY ELECTRIC COOPERATIVE IS A MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE COOPERATIVE ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS OF THE COOPERATIVE MUST APPROVE ALL OF THE FOLLOWING: (A) CHANGES TO ARTICLES OF INCORPORATION AND/OR BYLAWS, (B) CONSOLIDATION, MERGER, OR SALE/LEASE/EXCHANGE OF ALL OR SUBSTANIALLY ALL OF THE COOPERATIVE'S PROPERTY NOT IN THE ORDINARY COURSE OF BUSINESS, (C) DISSOLUTION OF THE COOPERATIVE, AND (D) THE REMOVAL OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER, CEO AND CORPORATE COUNSEL FIRST. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C THE CHIEF EXECUTIVE OFFICER MONITORS TRANSACTIONS WITH THE COOPERATIVE FOR POTENTIAL CONFLICTS OF INTEREST FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS OF DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO IS DONE THROUGH ANNUAL APPRAISALS WITH THE SALARY SET ACCORDING TO THE COMPENSATION SURVEY DATA. FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS OF DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS IS DONE THROUGH A REVIEW OF NATIONAL AND REGIONAL SALARY SURVEYS, AS WELL AS INTERNAL POSITION REVIEWS. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST. FORM 990, PART X FORM 990, PART IX, LINE 4 - THE INSTRUCTIONS OF THE 2021 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(12) SHOULD REPORT "PATRONAGE DIVIDENDS PAID" TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE NET OPERATING MARGINS TO ITS MEMBERS EACH YEAR. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE NET OPERATING MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2021. FORM 990, PART XI, LINE 9 BENEFITS PAID TO MEMBERS 3,368,716 OTHER CHANGES 140,400 RETIREMENTS OF CAPITAL CREDITS TO MEMBERS -545,333 CHANGE IN OCI -53,160 TOTAL 2,910,623 SHELBY ENERGY COMPANY 1355 STATE HIGHWAY 128 SHELBYVILLE IL 62565 371325368 PROPANE SA IL N/A true KASCOM INC 1355 STATE HIGHWAY 128 SHELBYVILLE IL 62565 371264762 SALES IL N/A true true false false false false false false false false false false false false false false true true false false SHELBY ENERGY COMPANY A 29256 COST SHELBY ENERGY COMPANY P 27230 COST SHELBY ENERGY COMPANY Q 546547 COST