2020-08-24T15:10:41-05:00 2019-12-31 431064657 BOTZ DEAL & COMPANY PC TWO WESTBURY DRIVE ST CHARLES MO 633012599 990 2019-01-01 430510025 SEMO ELECTRIC COOPERATIVE SEMO 5734715821 PO BOX 520 SIKESTON MO 63801 RICHARD FAULKNER PRESIDENT 5734715821 2020-08-07 1 MICHELE A GRAHAM CPA P00147104 6369462800 97.84.32.70 2020-08-07 09:36:51 CD P B6B4F14FA04177177FE99A4A2D4502473F9BC4C7 A3CB2AFAD27EEFC2E3439ED6C8E436B9E2F0D94E 2019 2020-11-19 02:30:22Z RICHARD FAULKNER PO BOX 520 SIKESTON MO 63801 41174570 0 X GOSEMO.COM X 1938 MO TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV AND PHONE. 12 12 66 0 2610614 -15513473 0 0 39134409 40993795 43903 70846 74363 82843 39252675 41147484 0 0 515495 616576 530194 441688 0 0 0 37568739 40603967 38614428 41662231 638247 -514747 128361494 139730102 64749586 76618012 63611908 63112090 TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV, AND PHONE. 0 0 WE PROVIDE ELECTRICITY TO NEARLY 16,000 HOMES, FARMS, AND BUSINESSES. THE CO-OP OPERATES ON A SLIM MARGIN AS POWER COSTS ARE BETWEEN 50% TO 60% OF OVERALL BUDGET. IN 2017, THE CO-OP STARTED ITS FIBER-TO-THE-HOME PROJECT. THE FIRST INSTALL OCCURRED IN MARCH 2018. MEMBERS ARE EXCITED ABOUT THE SERVICES. AS OF JULY 15, 2019, THERE WERE 2,000 SUBSCRIBERS. IT WILL TAKE 18 MONTHS TO COMPLETE BUILDOUT. AS OF MARCH 11, 2020, THERE WERE 3,488 CONNECTED SUBSCRIBERS, THE BUILDOUT IS SCHEDULED TO BE COMPLETED IN OUR TERRITORY BY THE END OF 2020. THE COOPERATIVE INVESTS NEARLY TWO MILLION DOLLARS A YEAR TO TRIM TREES TO ENHANCE RELIABILITY. THE CO-OP HAS MORE THAN 2,600 MILES TO PROTECT. THE LINES NEED TRIMMED EVERY FOUR TO SIX YEARS. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 84 0 1 66 1 1 1 0 0 0 0 0 0 37055674 4091810 0 0 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X SEAN VANSLYKE 5737037694 1505 S MAIN STREET SIKESTON MO 63801 RICHARD FAULKNER PRESIDENT 7.69 X X 5950 0 0 JOHN BLEDSOE VICE PRESIDENT 7.09 X X 15300 0 0 TIM COPPAGE SECRETARY/TREASURER 6.15 X X 9775 0 0 JAMES DENEKE ASSISTANT TREASURER/SECRET 8.25 X X 15725 0 0 GLENNON DIRNBERGER BOARD MEMBER 7.94 X 16575 0 0 CARL EFTINK BOARD MEMBER 8.87 X 16150 0 0 DENNIS FOWLER BOARD MEMBER 8.19 X 19550 0 0 DICKY HANOR BOARD MEMBER 5.87 X 18675 0 0 MYRON HAWES BOARD MEMBER 7.69 X 19975 0 0 KEITH HAYNES BOARD MEMBER 10.40 X 25500 0 0 CARLA MOORE BOARD MEMBER 6.75 X 16150 0 0 WAYNE CORSE BOARD MEMBER 3.00 X 1700 0 0 HAMIL CORSE BOARD MEMBER 4.03 X 7225 0 0 SEAN VANSLYKE CEO 40.00 X 216345 0 89069 MARTIN VINEYARD SENIOR MANAGER OF OPERATIONS 40.00 X 130295 0 87616 LARRY KELLY SENIOR MANAGER OF ENGINEERING 40.00 X 134420 0 102713 TERRY BUNTING SERVICEMAN LINEMAN 51.00 X 138607 0 53108 CHRIS FREED MANAGER OF FIBER CONSTRUCT 40.00 X 124098 0 76690 ROBERT GILMER CONSTRUCTION CREW LINEMAN 50.00 X 119639 0 29678 1051654 0 438874 18 0 1 0 ERVIN CABLE CONSTRUCTION LLC PO BOX 10 STURGIS KY 42459 FIBER CONSTRUCTION 9571138 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 38148 UTILITY/FIBER CONSTRUCTION 2351737 TOWNSEND TREE SERVICE INC PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY CLEARING 2339017 HIGHLAND CABLING LLC 223 N MAIN ST 205 SIKESTON MO 63801 FIBER CONSTRUCTION/FIBER HOME INSTALLS 1717607 CONEXON LLC 2001 GRAND BLVD STE 700 KANSAS CITY MO 64108 FIBER CONSULTING SERVICES 1026700 5 ELECTRIC - ENERGY SALE 221000 37055674 37055674 FIBER SERVICES 517000 2610614 2610614 CAPITAL CREDITS 221000 1187614 1187614 POLE RENTAL 532000 115962 115962 SALVAGE REVENUE 221000 13940 13940 9991 9991 40993795 63497 63497 34435 27086 7349 7349 7349 8228 0 8228 8228 MISCELLANEOUS REVENUE 900099 74615 74615 74615 41147484 38398758 2610614 138112 616576 441688 2793322 5285253 PURCHASED POWER 19328900 DISTRIBUTION MAINTENANC 4234718 ADMINISTRATIVE & GENERA 3567210 DISTRIBUTION OPERATION 2800628 2593936 41662231 2327148 1652682 2524836 3099797 3614220 1271867 1174959 105393 77060 138898842 29283960 96074504 109614882 21604125 22079670 1353824 1516629 128361494 139730102 4893037 4695371 1053666 56220843 69078415 2582040 2844226 64749586 76618012 X 0 0 0 0 63611908 63112090 63611908 63112090 128361494 139730102 X -514747 14929 X X 0 1 X 1 0 423922 423922 3838741 1617739 2221002 134636179 27666221 106969958 109614882 PATRONAGE CAPITAL 20787674 C CFC CAPITAL TERM CERTIFICATES 1272415 C OTHER 19581 C 22079670 ACCRUED POSTRETIREMENT BENEFIT OBLIGATION 1905048 CUSTOMER DEPOSITS 503003 DEFERRED CREDIT 436175 2844226 X 41147484 0 41147484 0 41147484 41662231 0 41662231 0 41662231 PART X, LINE 2: FASB ASC TOPIC 740, INCOME TAXES, PROVIDES FOR THE RECOGNITION OF TAX BENEFITS RELATED TO UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2019, MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE AGENCY FILES FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, 990T AND A MO-1120. RETURNS PRIOR TO 2016 ARE CLOSED. X 0 0 0 SEAN VANSLYKE CEO 216345 0 0 0 0 0 65591 0 23478 0 305414 0 0 0 MARTIN VINEYARD SENIOR MANAGER OF OPERATIONS 130295 0 0 0 0 0 65189 0 22427 0 217911 0 0 0 LARRY KELLY SENIOR MANAGER OF ENGINEERING 134420 0 0 0 0 0 80522 0 22191 0 237133 0 0 0 TERRY BUNTING SERVICEMAN LINEMAN 138607 0 0 0 0 0 35849 0 17259 0 191715 0 0 0 CHRIS FREED MANAGER OF FIBER CONSTRUCT 124098 0 0 0 0 0 54370 0 22320 0 200788 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE LIMITED FARMING RELATIONSHIPS. EACH DIRECTOR HAS SIGNED A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 ALL ELECTRIC CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. ALL MEMBERS HAVE THE SAME RIGHTS TO ELECT INDIVIDUALS TO THE BOARD OF DIRECTORS. MEMBERS RECEIVE PATRONAGE CAPITAL ALLOCATIONS BASED ON THEIR ELECTRIC REVENUE CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE BOARD MEMBERS ARE ELECTED TO THREE YEAR TERM LIMITS. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION MEMBERS OF THE COOPERATIVE MUST APPROVE ALL BYLAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE PRELIMINARY DRAFT OF THE FORM 990 IS PRESENTED AT THE MONTHLY BOARD MEETING FOR THE BOARD TO REVIEW AND APPROVE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER MONITORS ON AN ANNUAL BASIS, THE CO-OP'S ATTORNEY REVIEWS THE BOARD'S RESPONSIBILITY AND DISCUSSES CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S PERSONNEL COMMITTEE MAKES RECOMMENDATION TO THE FULL BOARD FOR THE CEO'S PAY. THE COMMITTEE LOOKS AT MARKET RATES. MOST OTHER SALARIES ARE RECOMMENDED BY CEO AND APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS AVAILABLE AT THE SERVICES COUNTER AT BLOOMFIELD AND SIKESTON. FORM 990, PART VI, SECTION C, LINE 19 BOARD MINUTES AND YEAR-TO-DATE FINANCIALS ARE PRINTED EACH MONTH IN THE NEWSLETTER AND POSTED ON THE WEBSITE. PLUS, GOVERNING DOCUMENTS, BYLAWS, ETC, ARE POSTED ON THE WEBSITE. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS LIABILITY ADJUSTMENT -77,151. AMORTIZATION OF POSTRETIREMENT BENEFITS LIABILITY 92,080. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NOT CHANGED THEIR OVERSIGHT PROCESS FROM PRIOR YEARS. THE BOARD OF DIRECTORS REVIEW AND APPROVE AT LEAST TWO POLICIES PER MONTH. GOSEMO LLC PO BOX 520 SIKESTON MO 63801 821421396 INTERNET, TELEVISION AND PHONE SERVICES MO 2610614 3260776 SEMO ELECTRIC COOPERATIVE SEMO ELECTRIC FOUNDATION INC PO BOX 520 SIKESTON MO 63801 262362335 PROVIDE SCHOLARSHIPS TO INDIVIDUALS MO 501(C)(3) 170(B)(1)(A) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0