2021-09-21T17:00:25-05:00 2020-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2020-01-01 480493444 PIONEER ELECTRIC COOPERATIVE INC PION 6203564111 1850 W OKLAHOMA ULYSSES KS 67880 STEPHEN J EPPERSON CEO 6203564111 2021-09-21 1 STEPHEN EPPERSON 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2021-09-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHEN J EPPERSON 1850 W OKLAHOMA ULYSSES KS 67880 79390519 0 X WWW.PIONEERELECTRIC.COOP X 1944 KS SALE OF ELECTRICITY TO MEMBERS 9 0 77 0 2641034 0 0 0 78784026 73205588 1005781 984231 2644608 5073561 82434415 79263380 103657 87562 8896124 4623789 9390218 9921578 0 0 0 64044416 62286821 82434415 76919750 0 2343630 266111063 266825442 83131535 82558531 182979528 184266911 TO BE THE DYNAMIC REGIONAL PROVIDER OF SAFE, RELIABLE ENERGY PRODUCTS AND SERVICES, WORKING TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND CUSTOMERS. 0 0 DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC COMPANY, A WHOLLY OWNED SUBSIDIARY. 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 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 346 0 1 77 1 1 1 0 0 0 0 75137525 4126474 0 0 0 X 9 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHANTRY C SCOTT 6203564111 1850 W OKLAHOMA ULYSSES KS 67880 ALFRED ALEXANDER VICE PRESIDENT 2.00 0.50 X X 22783 0 0 JOHN R JURY SECRETARY/TREASURER 2.00 0.50 X X 22100 0 0 MARTIE FLOYD PRESIDENT 2.00 0.60 X X 22100 0 0 MICHAEL BREWER TRUSTEE 1.00 0.60 X 44600 0 0 JAMES N BELL TRUSTEE 3.00 2.00 X 37800 0 0 FREDERICK L CLAASSEN TRUSTEE 2.00 0.50 X 27781 0 0 JEFF MOYER TRUSTEE 2.00 0.30 X 22800 0 0 CHARLES E MILBURN TRUSTEE 2.00 0.50 X 21800 0 0 MELVIN WINGER TRUSTEE (THRU 09/20) 0.20 0.10 X 12800 0 0 STEVEN ARNOLD TRUSTEE 0.40 0.20 X 7200 0 0 STEPHEN EPPERSON CEO 26.04 17.62 X 464536 0 266874 CHANTRY SCOTT CFO 20.83 21.12 X 220599 0 119100 RANDALL MAGNISON EXECUTIVE VP & ASSISTANT CEO 24.59 20.91 X 297381 0 190486 LINDSAY CAMPBELL EXECUTIVE VP & GENERAL COUNSEL 24.94 16.10 X 275374 0 89724 GEORGE BUSHNELL VP OF OPERATIONS & ENGINEERING 19.92 21.00 X 226480 0 110425 ANITA WENDT VP OF ENERGY SERVICES 30.30 12.32 X 175389 0 95764 MICHAEL HANEY OPERATIONS & ENGINEERING MANAGER 41.06 0.00 X 345945 0 94838 CLINTON MEIER OPERATIONS & ENGINEERING MANAGER 4.90 44.52 X 175860 0 161008 SHERRY EASTON ACCOUNTING MANAGER 24.96 24.25 X 166635 0 78519 ROSS RILEY OPERATIONS SUPERVISOR 43.13 0.00 X 159156 0 120805 NEAL MANGELS APPARATUS METERING COORDINATOR 47.56 1.27 X 158972 0 92656 2908091 0 1420199 33 0 1 0 J AND J POWERLINE CONTR INC PO BOX 861 DODGE CITY KS 67801 CONTRACT LINE LABOR 1465355 IES COMMERCIAL INC PO BOX 27 HOLDREGE NE 68949 CONTRACT SUBSTATION WORK 1110789 OSMOSE UTILITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 CONTRACT POLE TESTING 524970 NISC PO BOX 1147 MANDAN ND 58554 CONTRACT COMPUTER AND SOFTWARE SUPPORT 329948 ATWELL TWO TOWNE SQUARE SUITE 700 SOUTHFIELD MI 48076 CONTRACT PROFESSIONAL SERVICES SUBSTATIO 189804 6 SALES OF ELETRICITY 221000 70609616 70609616 CAPITAL CREDITS 900099 2528030 2528030 SERVICE REVENUE 900099 38066 38066 POLE RENTAL INCOME 900099 29876 29876 73205588 921409 921409 159700 96878 62822 62822 62822 27390 30261 -2871 -2871 MANAGEMENT FEES 900099 2641034 2641034 UNAPPROPROPRIATED SUB EARNINGS 221000 2343630 2343630 91768 91768 5076432 79263380 73175712 2641034 3446634 47829 39733 4623789 1542302 4850739 1462917 1584136 481484 96334 49039 43249 150429 102824 286243 52027 3600042 5405932 PURCHASED POWER 47641368 ADMIN & GENERAL EXPENSE 4859334 76919750 1921978 776043 8546938 8928952 11472 10220 690546 711420 1904461 2203595 4633206 4277634 170762024 47136254 121587769 123625770 126814693 126291808 266111063 266825442 7775693 8104501 74036365 72794819 1319477 1659211 83131535 82558531 X 0 0 0 0 182979528 184266911 182979528 184266911 266111063 266825442 X 2343630 -1056247 X 0 1 X 1 0 849744 849744 10792605 3730141 7062464 154189859 42689461 111500398 4929816 716652 4213164 123625770 INVEST IN ASSOC ORGS-NONGENERAL FUNDS 929131 C INVEST IN ASSOC ORGS-OTHER GENERAL FUNDS 1676449 C INVEST IN ASSOC ORGS-PATRONAGE CAP 81488555 C INVEST IN ECON DEV PROJECTS 471864 C INVESTMENT IN SUBSIDIARY 29849065 C OTHER INVESTMENTS 1727505 C SPECIAL FUNDS 10149239 C 126291808 DEFERRED CREDITS 600462 CUSTOMER DEPOSITS 1058749 1659211 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). THE STATE OF KANSAS RECOGNIZES THIS EXEMPTION FOR STATE INCOME TAX PURPOSES. TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM MORE LIKELY THAN NOT MEANS A LIKELIHOOD OF MORE THAN 50%; THE TERMS EXAMINED AND UPON EXAMINATION ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. 1 AMERICAN LEGION POST 79 TOTAL PO BOX 116 ULYSSES KS 67880 480515957 501(C)(19) 9000 ROOF REPAIR STEVENS COUNTY 4-H COUNCIL 114 E FIFTH STREET HUGOTON KS 67951 481106652 501(C)(3) 9000 ROOF REPAIR 1 1 COLLEGE SCHOLARSHIPS 18 23000 YOUTH TOURS 4 320 COUNTY FAIRS-DONATIONS TO LIVESTOCK SALES 12 14002 SENIOR MEALS 389 2311 BOB WILSON HOSPITAL 100 FMV PIZZA FOR WORKERS AT THE HOSPITAL PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED FOR THE FIRST SEMESTER ONLY AND ARE PAID DIRECTLY TO THE STUDENTS' CHOICE OF COLLEGE OR SECONDARY EDUCATION. THERE ARE NO ADDITIONAL DOLLARS PROVIDED. YOUTH TOUR DOLLARS ARE PAID DIRECTLY TO THE YOUTH TOUR PROGRAM, NOT TO THE INDIVIDUAL. OTHER ASSISTANCE IS TYPICALLY A ONE-TIME OCCURRENCE AND OF A MINIMAL DOLLAR AMOUNT. 1 X X 0 1 0 STEPHEN EPPERSON CEO 445203 0 9100 0 10233 0 241409 0 25465 0 731410 0 0 0 CHANTRY SCOTT CFO 204983 0 200 0 15416 0 93135 0 25965 0 339699 0 0 0 RANDALL MAGNISON EXECUTIVE VP & ASSISTANT CEO 266938 0 9064 0 21379 0 172070 0 18416 0 487867 0 0 0 LINDSAY CAMPBELL EXECUTIVE VP & GENERAL COUNSEL 249904 0 200 0 25270 0 79331 0 10393 0 365098 0 0 0 GEORGE BUSHNELL VP OF OPERATIONS & ENGINEERING 197895 0 200 0 28385 0 91299 0 19126 0 336905 0 0 0 ANITA WENDT VP OF ENERGY SERVICES 165977 0 372 0 9040 0 77545 0 18219 0 271153 0 0 0 MICHAEL HANEY OPERATIONS & ENGINEERING MANAGER 176710 0 200 0 169035 0 77262 0 17576 0 440783 0 0 0 CLINTON MEIER OPERATIONS & ENGINEERING MANAGER 165237 0 200 0 10423 0 136843 0 24165 0 336868 0 0 0 SHERRY EASTON ACCOUNTING MANAGER 155578 0 200 0 10857 0 51606 0 26913 0 245154 0 0 0 ROSS RILEY OPERATIONS SUPERVISOR 150173 0 683 0 8300 0 94640 0 26165 0 279961 0 0 0 NEAL MANGELS APPARATUS METERING COORDINATOR 154781 0 559 0 3632 0 68491 0 24165 0 251628 0 0 0 PART I, LINE 4B IN 2020, S. EPPERSON AND L. CAMPBELL PARTICIPATED IN 457(F) PLANS AND ACCRUED AMOUNTS OF $46,083 AND $19,826 RESPECTIVELY. STEVE EPPERSON OFFICER COMPUTER PURCHASE X 1847 895 0 1 1 STEVE EPPERSON OFFICER COMPUTER PURCHASE X 3656 75 0 1 1 RANDALL MAGNISON KEY EMPLOYEE PAYROLL LAG TRANSITION LOAN X 6250 6250 0 1 1 CHANTRY SCOTT OFFICER PAYROLL LAG TRANSITION LOAN X 3000 3000 0 1 1 10220 FORM 990, PART VI, SECTION A, LINE 1 NINE TRUSTEES RECEIVED TOTAL COMPENSATION EXCEEDING $10,000 DURING THE TAX YEAR. ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE INVOLVED IN TRANSACTIONS WITH A RELATED ORGANIZATION, DUE TO THEIR POSITION AS A DIRECTOR FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES HAVE A BUSINESS RELATIONSHIP WITH OTHER TRUSTEES, OFFICERS AND KEY EMPLOYEES DUE TO THEIR POSITION EITHER AS A DIRECTOR, OFFICER OR KEY EMPLOYEE FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7A PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. IF THERE IS A VACANCY DURING A BOARD MEMBER'S TERM, THE REMAINING BOARD WILL ELECT A REPLACEMENT TRUSTEE FROM THE VACANT DISTRICT. THIS TRUSTEE WILL HOLD THE POSITION UNTIL THE NEXT ANNUAL MEETING. THE TRUSTEE WILL BE NOMINATED FOR ELECTION TO SERVE THE REMAINDER OF THE TERM. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS MUST BE APPROVED BY THE MEMBERS: 1) CHANGES TO THE BYLAWS 2) SALE OF A SIGNIFICANT PORTION OF ASSETS AND/OR LIQUIDATION 3) CHANGES TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION B, LINE 11B MANAGER OF ACCOUNTING REVIEWS THE 990 ALONG WITH MEMBERS OF MANAGEMENT. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR ANY DISCUSSION OR COMMENT. FORM 990, PART VI, SECTION B, LINE 12C PIONEER ELECTRIC COOPERATIVE, INC. REQUESTS THAT EACH TRUSTEE, OFFICER, KEY EMPLOYEE, AND THE 5 HIGHEST COMPENSATED EMPLOYEES COMPLETE A FORM 990 QUESTIONNAIRE ANNUALLY. CONFLICTS OF INTEREST CAN BE IDENTIFIED AS PART OF THIS QUESTIONNAIRE REVIEW. IF A CONFLICT ARISES, THE CONFLICT IS REPORTED TO THE CEO OR THE ETHICS OFFICER. THE POLICY ALLOWS THE ETHICS OFFICER TO DESIGNATE ANOTHER PERSON TO ANNUALLY REVIEW THE CONFLICT OF INTEREST DISCLOSURE FORMS. WHEN THERE IS A CONFLICT THE PERSON IS EXCUSED FROM THE MEETING. IF THERE IS A BIGGER VIOLATION THEN THEY MAY BE REMOVED FROM THE BOARD. CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD PRESIDENT OR GENERAL COUNSEL IF THE PERSON IS THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, IN ITS ENTIRETY, APPROVES THE CEO (OFFICER), EXECUTIVE VP-ASSISTANT CEO (KEY EMPLOYEE), AND EXECUTIVE VP / GENERAL COUNSEL'S (KEY EMPLOYEE) SALARY. THE NRECA COMPENSATION SURVEY IS USED TO PROVIDE COMPARABLE DATA. THE BOARD DISCUSSES THE SALARIES, AS PROPOSED, WITHOUT THE EMPLOYEES PRESENT. THE BOARD'S APPROVAL OF THE EMPLOYEE'S COMPENSATION IS RECORDED IN THE MINUTES OF THE MEETING. THE WAGES OF ALL OTHER EMPLOYEES, INCLUDING THE CFO, IS BASED UPON A REVIEW OF THE NRECA COMPENSATION SURVEY WITH APPROVAL BY THE CEO. THE BOARD OF TRUSTEES APPROVES THE OVERALL WAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF PIONEER ELECTRIC COOPERATIVE, INC. ARE AVAILABLE UPON REQUEST AT THE COMPANY HEADQUARTERS AT 1850 WEST OKLAHOMA, ULYSSES, KANSAS, 67880, DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CAPITAL CREDIT RETIREMENT -4,937,108. REFUNDS TO ESTATES -162,356. OCI - CHANGE IN DEFINED PENSION PLAN -1,379,303. GAIN ON RETIREMENT 100,086. UNCLAIMED PATRONAGE 698,650. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 4,623,784. PIONEER ELECTRIC AREA ROUNDUP INC 1850 W OKLAHOMA AVE ULYSSES KS 67880 200157161 BETTERING THE QUALITY OF LIFE OF AREA CITIZENS KS 501(C)(3) LINE 7 PEC 1 SOUTHERN PIONEER ELECTRIC COMPANY 1850 W OKLAHOMA ULYSSES KS 67880 203898147 ELECTRICITY SALES KS PEC C 2343630 166099553 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 SOUTHERN PIONEER ELECTRIC COMPANY D 105606947 FMV SOUTHERN PIONEER ELECTRIC COMPANY O 2600818 FMV SOUTHERN PIONEER ELECTRIC COMPANY P 110234 FMV SOUTHERN PIONEER ELECTRIC COMPANY Q 869776 FMV