2020-07-13T15:48:09-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2019-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 REBECCA JACOBSON CFO 8006378667 2020-07-02 1 CRAIG POPENHAGEN P01587689 5072802300 2020-07-02 67.137.57.251 2020-07-02 07:05:15 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6D81EDFA6B22A5FABEAF7AC11E4673F17E810770 2019 2020-09-23 17:36:50Z BOBBY WILLIAMS JR 525 US ROUTE 40 GREENVILLE IL 62246 64431510 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 81 0 0 0 0 0 60263464 63191680 83582 81946 1533274 1157884 61880320 64431510 26658 36891 2075980 2747281 861307 836999 0 0 0 57693293 59957495 60657238 63578666 1223082 852844 157948344 161381608 110643666 111240905 47304678 50140703 X THE CORPORATE PURPOSE AND GOAL IS, IN ACCORDANCE WITH AND THROUGH THE AUTHORITY GRANTED BY THE LAWS OF THE STATE OF ILLINOIS AND THE COOPERATIVE'S ARTICLES OF INCORPORATION AND BYLAWS, TO PROVIDE ENERGY AND OTHER SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH PRUDENT UTILITY PRACTICES. 0 0 THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 23,401 MEMBERS IN BOND, MADISON, AND FAYETTE COUNTIES IN ILLINOIS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 81 1 0 0 0 0 0 64509676 776056 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X X X ANNETTE HARTLIEB 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 BOBBY WILLIAMS JR CEO 50.00 X 217639 0 72185 ANDREW JONES VP BUSINESS DEVELOPMENT 60.00 X 153890 0 80901 CHRISTOPHER BOTULINSKI VP OF ENGINEERING 50.00 X 151717 0 51996 JOEL LAFRANCE SYSTEM-WIDE TROUBLEMAN FOREMAN 49.86 X 153825 0 35488 LEO DUBLO CONSTRUCTION FOREMAN 50.50 X 151687 0 35648 STEPHEN MCMAHON MAINTENANCE FOREMAN 47.10 X 166839 0 16834 REBECCA JACOBSON CFO 50.00 X 134191 0 43961 KERRY SLOAN FORMER CEO 0.01 X 104054 0 0 WILLIAM JENNINGS TREASURER 10.90 X X 30420 0 0 ANN SCHWARM PRESIDENT 9.70 X X 28420 0 0 JERRY GAFFNER DIRECTOR 9.40 X 28120 0 0 ANNETTE HARTLIEB SECRETARY 6.00 X X 27920 0 0 SANDRA GRAPPERHAUS VICE PRESIDENT 7.40 X X 27920 0 0 RICHARD GUSEWELLE DIRECTOR 5.60 X 27855 0 0 JARED STINE DIRECTOR 4.80 X 27774 0 0 SANDRA NEVINGER DIRECTOR 6.60 X 27520 0 0 THEODORE WILLMAN DIRECTOR 3.60 X 26820 0 0 BARBARA TEDRICK DIRECTOR - FORMER 0.01 X 12200 0 0 1498811 0 337013 8 1 1 0 ASPLUNDH TREE EXPERT COMPANY 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARANCE 1377223 JF ELECTRIC INC PO BOX 570 EDWARDSVILLE IL 62025 ELECTRICAL CONTRACTING 1242285 TOTH & ASSOCIATES INC 830 E PRIMROSE SUITE 200 SPRINGFIELD MO 65807 ENGINEERING SERVICES 172118 USIC LOCATING SERVICES PO BOX 713359 CINCINNATI OH 45271 LOCATING SERVICE 134453 4 SALE OF POWER 221000 63191680 63191680 63191680 81946 81946 CAPITAL CREDITS 900099 732223 732223 FORFEITED DISCOUNTS & SERVICE REV 900099 386988 386988 MISCELLANEOUS INCOME 221000 38673 38673 1157884 64431510 64349564 0 81946 25891 11000 2747281 836999 3750803 5313272 COST OF POWER 37119244 ADMIN & GENERAL EXPENSE 4670009 DISTRIBUTION EXPENSE - 4508310 DISTRIBUTION EXPENSE - 1604862 2990995 63578666 4903853 7267179 321980 321229 5677737 5545555 853668 753853 1564402 1586894 577626 363925 195655765 57960003 134563528 137695762 228120 127760 3490840 3758953 5766590 3960498 157948344 161381608 5746687 8006919 88893391 92420539 16003588 10813447 110643666 111240905 X 0 0 0 0 47304678 50140703 47304678 50140703 157948344 161381608 X 852844 1983181 X X 0 1 X 1 0 688383 688383 3526779 1048443 2478336 183893136 54667846 129225290 7547467 2243714 5303753 137695762 ACCUMULATED OPERATING PROVISIONS 1743046 ACCUMULATED PROVISION FOR PENSION & BENEFITS 127760 CONSUMER DEPOSITS 816936 DEFERRED CREDITS 8125705 10813447 X 64431510 0 64431510 0 64431510 60831385 0 60831385 2747281 2747281 63578666 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (THE CODE). THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 2,747,281. 1 ANDERSON HOSPITAL FOUNDATION 6800 STATE ROUTE 162 MARYVILLE IL 62062 274548522 501(C)(3) 6010 THE COOPERATIVE SPONSORS A TABLE AT THE ANNUAL CHARITY AUCTION AND A TEAM AT THE ANNUAL CHARITY GOLF TOURNAMENT COLLEGE SCHOLARSHIPS 11 11000 PART I, LINE 2: FUNDS ARE GIVEN TO QUALIFYING RECIPIENTS THAT HAVE EFFECTIVE OVERSIGHT IN THE USE OF THE ASSISTANCE GIVEN. THE BOARD OF DIRECTORS ALSO FOLLOWS UP WITH THE RECIPIENTS TO ENSURE THAT THE FUNDS ARE BEING USED APPROPRIATELY. X X X 0 1 0 BOBBY WILLIAMS JR CEO 209423 0 0 0 8216 0 51090 0 21095 0 289824 0 0 0 ANDREW JONES VP BUSINESS DEVELOPMENT 144710 0 0 0 9180 0 60054 0 20847 0 234791 0 0 0 CHRISTOPHER BOTULINSKI VP OF ENGINEERING 143430 0 0 0 8287 0 28494 0 23502 0 203713 0 0 0 JOEL LAFRANCE SYSTEM-WIDE TROUBLEMAN FOREMAN 153365 0 0 0 460 0 5171 0 30317 0 189313 0 0 0 LEO DUBLO CONSTRUCTION FOREMAN 151687 0 0 0 0 0 15421 0 20227 0 187335 0 0 0 STEPHEN MCMAHON MAINTENANCE FOREMAN 141428 0 0 0 25411 0 5184 0 11650 0 183673 0 0 0 REBECCA JACOBSON CFO 133940 0 0 0 251 0 19635 0 24326 0 178152 0 0 0 KERRY SLOAN FORMER CEO 104054 0 0 0 0 0 0 0 0 0 104054 0 104054 0 BARBARA TEDRICK DIRECTOR - FORMER 12200 0 0 0 0 0 0 0 0 0 12200 0 0 12200 PART I, LINE 4B FORMER CEO, KERRY SLOAN, RECEIVED A PAYMENT FROM A 457(B) PLAN OF $104,054 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS REQUIRED. ANY PERSON WHO MEETS THE QUALIFICATIONS FOR MEMBERSHIP, AS OUTLINED IN SECTION 2 OF THE BYLAWS, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE OR TO RECEIVE DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A PER SECTION 2(A)(2) OF THE BYLAWS "MEMBERS SHALL BE ENTITLED TO VOTE AT ANY MEETING OF THE COOPERATIVE AND SHALL BE ENTITLED TO BE ELECTED A DIRECTOR OF THE COOPERATIVE SUBJECT TO COMPLIANCE WITH THE QUALIFICATIONS STATED IN SECTION 5". FORM 990, PART VI, SECTION A, LINE 7B SECTION 4(C) OF THE BYLAWS COVERS VOTING ON ISSUES DULY PRESENTED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE FROM THE CFO, REVIEWED AND APPROVED BY THE CEO AND CFO, AND THEN PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BY THE INHERENT INTIMATE NATURE AMONG ITS MEMBERS, THE BOARD REGULARLY MONITORS THIS POLICY THROUGH DISCUSSION AND INTERACTION WITH THE PUBLIC AND THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 15 THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE OF THE CEO AND DETERMINES THE RATE OF COMPENSATION. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. THE CEO AND A COMPENSATION COMMITTEE SETS THE STAFF SALARIES USING DATA FROM THE NATIONAL COMPENSATION STUDY CONDUCTED BY THE NRECA. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES GOVERNING DOCUMENTS AND POLICIES AVAILABLE TO ITS MEMBERS UPON REQUEST AT THE CORPORATE HEADQUARTERS. THE COOPERATIVE ALSO PLACES BYLAWS/MEMBER GUIDES AND FINANCIALS ON ITS WEBSITE FOR INSPECTION. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -909,700. OTHER ADJUSTMENTS 145,600. PATRONAGE DIVIDENDS ALLOCATED 2,747,281. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990.