2019-08-19T14:47:03-05:00 2018-12-31 410746479 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2018-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 6186645962 525 US ROUTE 40 GREENVILLE IL 62246 REBECCA JACOBSON CFO 6186645962 2019-08-19 1 CRAIG POPENHAGEN P01587689 5072802300 2019-08-19 67.137.57.251 2019-08-19 09:34:00 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 33F4D28735F29B041531DAA42127F44044B4DCEB 2018 2019-02-21 02:37:17Z BOBBY WILLIAMS JR 525 US ROUTE 40 GREENVILLE IL 62246 61880320 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 79 0 0 0 0 0 53815941 60263464 63260 83582 1357531 1533274 55236732 61880320 26235 26658 495573 2075980 1246847 861307 0 0 0 52416855 57693293 54185510 60657238 1051222 1223082 155203393 157948344 110600594 110643666 44602799 47304678 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 23,215 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 1 0 0 0 0 0 0 0 0 0 0 1 47 0 79 1 0 0 0 0 0 62674837 1149534 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 ANN SCHWARM PRESIDENT 7.50 X X 23402 0 0 ALAN LIBBRA DIRECTOR - PART YEAR 2.20 X 16411 0 0 SANDRA GRAPPERHAUS VICE PRESIDENT 4.50 X X 22802 0 0 SANDRA NEVINGER TREASURER 5.80 X X 22902 0 0 RICHARD GUSEWELL DIRECTOR 4.90 X 23287 0 0 THEODORE WILLMAN DIRECTOR 3.30 X 22402 0 0 RANDALL WOLF DIRECTOR - PART YEAR 2.20 X 17213 0 0 RONALD SCHAUFELBERGER DIRECTOR - PART YEAR 1.90 X 16275 0 1098 ANNETTE HARTLIEB SECRETARY 5.40 X X 23402 0 0 JARED STINE DIRECTOR AS OF 12/20/2018 0.01 X 0 0 0 JERRY GAFFNER DIRECTOR 4.50 X 6191 0 0 WILLIAM JENNINGS DIRECTOR 3.50 X 6191 0 0 CHARLES JEWELL SENIOR ADVISOR - PART YEAR 40.00 X 119476 0 94144 BOBBY WILLIAMS CEO 40.00 X 201360 0 70776 REBECCA JACOBSON CFO 40.00 X 129005 0 32970 ANDREW JONES VP BUSINESS DEVELOPMENT 40.00 X 150600 0 86449 CHRISTOPHER BOTULINSKI VP OF ENGINEERING 40.00 X 149018 0 53295 MICHAEL WILLMAN VP OF OPERATIONS 40.00 X 143154 0 75750 RICHARD MERSINGER MAINTENANCE FOREMAN 40.00 X 140115 0 86673 LEO DUBLO CONSTRUCTION FOREMAN 40.00 X 138006 0 35429 BARBARA TEDRICK DIRECTOR - FORMER 0.01 X 12000 0 0 1383212 0 536584 34 1 1 0 ASPLUNDH TREE EXPERT COMPANY 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARANCE 1338495 JF ELECTRIC INC PO BOX 570 EDWARDSVILLE IL 62025 ELECTRICAL CONTRACTING 908636 L KEELEY CONSTRUCTION 500 S EWING AVE SUITE G ST LOUIS MO 63103 SUBSTATION CONSTRUCTION CONTRACTING 484794 TOTH & ASSOCIATES INC 830 E PRIMROSE SUITE 200 SPRINGFIELD MO 65807 ENGINEERING SERVICES 203236 USIC LOCATING SERVICES PO BOX 713359 CINCINNATI OH 45271 JULIE CALL LOCATIONS 162299 5 SALE OF POWER 221000 60263464 60263464 60263464 83582 83582 CAPITAL CREDITS 900099 1038428 1038428 FORFEITED DISCOUNTS & SERVICE REV 900099 393774 393774 MISCELLANEOUS INCOME 221000 101072 101072 1533274 61880320 61796738 0 83582 16658 10000 2075980 861307 3811063 5151760 COST OF POWER 34880047 DISTRIBUTION EXPENSE - 5016715 ADMIN & GENERAL EXPENSE 4296594 CONSUMER ACCOUNT EXPENS 1469620 3067494 60657238 -381874 4903853 4792755 321980 5510074 5677737 48779 853668 1361658 1564402 545659 577626 190465275 55901747 131166927 134563528 353514 228120 3261036 3490840 8544865 5766590 155203393 157948344 4327255 5746687 88307647 88893391 17965692 16003588 110600594 110643666 X 0 0 0 0 44602799 47304678 44602799 47304678 155203393 157948344 X 1223082 1478797 X X 0 1 X 1 0 688383 688383 3597600 1083737 2513863 176197429 53077497 123119932 9981863 1740513 8241350 134563528 ACCUMULATED OPERATING PROVISIONS 2892936 ACCUMULATED PROVISION FOR PENSION & BENEFITS 228120 CONSUMER DEPOSITS 766123 DEFERRED CREDITS 12116409 16003588 X 61880320 0 61880320 0 61880320 58581258 0 58581258 2075980 2075980 60657238 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, 2018 AND 2017. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 2,075,980. 1 ANDERSON HOSPITAL FOUNDATION 6800 STATE ROUTE 162 MARYVILLE IL 62062 274548522 501(C)(3) 5500 THE COOPERATIVE SPONSORS A TABLE AT THE ANNUAL CHARITY AUCTION AND A TEAM AT THE ANNUAL CHARITY GOLF TOURNAMENT COLLEGE SCHOLARSHIPS 10 10000 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 CHARLES JEWELL SENIOR ADVISOR - PART YEAR 38266 0 0 0 81210 0 89966 0 4178 0 213620 0 18031 0 BOBBY WILLIAMS CEO 193187 0 0 0 8173 0 49735 0 21041 0 272136 0 0 0 REBECCA JACOBSON CFO 128773 0 0 0 232 0 10322 0 22648 0 161975 0 0 0 ANDREW JONES VP BUSINESS DEVELOPMENT 141469 0 0 0 9131 0 65578 0 20871 0 237049 0 0 0 CHRISTOPHER BOTULINSKI VP OF ENGINEERING 139751 0 1000 0 8267 0 30525 0 22770 0 202313 0 0 0 MICHAEL WILLMAN VP OF OPERATIONS 134681 0 0 0 8473 0 54917 0 20833 0 218904 0 0 0 RICHARD MERSINGER MAINTENANCE FOREMAN 139796 0 0 0 319 0 56403 0 30270 0 226788 0 0 0 LEO DUBLO CONSTRUCTION FOREMAN 137843 0 0 0 163 0 15865 0 19564 0 173435 0 0 0 BARBARA TEDRICK DIRECTOR - FORMER 12000 0 0 0 0 0 0 0 0 0 12000 0 0 0 PART I, LINE 4B FORMER SENIOR ADVISOR, CHARLES JEWELL, RECEIVED A PAYMENT FROM A 457(B) PLAN OF $18,031. KERRY SLOAN DBA MANAGEMENT CONSULTI FORMER CEO 59500 CONSULTINGCONSULTING SERVICES PERFORMED IN DEC '17 WERE PAID IN JAN '18. NO CONSULTING SERVICES WERE PERFORMED IN 2018. 0 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. THE CEO AND A COMPENSATION COMMITTEE SETS THE STAFF SALARIES USING DATA FROM THE NATIONAL COMPENSATION STUDY CONDUCTED BY THE NRECA. 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 -729,178. OTHER ADJUSTMENTS 131,995. PATRONAGE DIVIDENDS ALLOCATED 2,075,980. 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.