2012-05-29T15:32:01-05:00 2011-12-31 370980065 WEST & COMPANY LLC 919 E HARRIS GREENVILLE IL 62246 990 2011-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 6186641025 PO BOX 549 525 US ROUTE 40 GREENVILLE IL 622460549 DAN TILLMAN 6186641025 2012-05-25 1 JANICE K ROMACK P00096784 6186644848 2011 2016-02-24 21:20:13Z KERRY SLOAN PO BOX 549 525 US ROUTE 40 GREENVILLE IL 622460549 65989487 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 83 0 0 0 0 0 53482826 64851767 320308 435475 577565 702245 54380699 65989487 0 22550 0 0 6593059 7247469 0 0 0 46060755 66418898 52653814 73688917 1726885 -7699430 156658822 148771077 97122926 97518704 59535896 51252373 X THE CORPORATE PURPOSE AND GOAL IS IN ACCORDANCE WITH AND THROUGH THE EXERCISE OF AUTHORITY GRANTED BY THE LAWS OF THE STATE OF ILLINOIS, THE COOPERATIVE'S ARTICLES OF INCORPORATION AND THE BYLAWS, TO PROVIDE ENERGY AND OTHER SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND PRUDENT MANAGEMENT, AND TO OPERATE ON A COOPERATIVE, NON-PROFIT BASIS FOR THE BENEFIT OF ITS MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 23,755 ELECTRIC SERVICES IN BOND, MADISON AND FAYETTE COUNTIES IN ILLINOIS. (CODE:221000) 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 38 0 1 83 1 0 0 0 0 0 65312167 608722 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 1 1 X RONALD SCHAUFELBERGER SECRETARY 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 ALAN LIBBRA 5.30 X X 23970 0 0 ANN SCHWARM 4.40 X X 24170 0 0 RONALD SCHAUFELBERGER 4.20 X X 23870 0 0 BARBARA TEDRICK 4.20 X X 24487 0 0 RICHARD GUSEWELL 4.80 X 25126 0 0 THEODORE WILLMAN 3.70 X 24170 0 0 RANDALL WOLF 4.60 X 16499 0 0 SANDRA GRAPPERHAUS 3.10 X 12337 0 0 SANDRA NEVINGER 3.60 X 7809 0 0 CARL BARTH 3.80 X 21459 0 0 JAMES GRAPPERHAUS 3.10 X 11976 0 0 KERRY SLOAN 40.00 X 335340 0 198119 DANIEL TILLMAN 40.00 X 111413 0 76203 RACHEL SLOAN 40.00 X 161869 0 84953 RICHARD MCGILL 40.00 X 116285 0 85200 ANDREW JONES 40.00 X 125471 0 80088 PAUL STRAUSBAUGH 40.00 X 115227 0 23750 SHANE HEALY 47.80 X 116293 0 57319 1297771 0 605632 26 1 1 0 JF ELECTRIC INC PO BOX 570 EDWARDSVILLE IL 62025 ELEC. LINE CONSTRUCTION 1277064 ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 R.O.W. CLEARING 734325 WARRENSBURG TREE SERVICE PO BOX 122 WARRENSBURG IL 62573 R.O.W. CLEARING 451643 FELLON-MCCORD 10200 FOREST GREEN BLVD LOUISVILLE KY 40223 POWER SCHEDULING 182872 PREMIER PRINT GROUP 2602 N MATTIS AVE CHAMPAIGN IL 61822 PUBLISHING SERVICES 130970 5 SALE OF ELECTRICITY 221000 64851767 64851767 64851767 435475 435475 FORFEITED DISCOUNTS & 221000 460399 460399 PATRONAGE DIVIDENDS 900099 208402 208402 NON-OPERATING MARGINS 900099 33444 33444 702245 65989487 65554012 0 435475 10050 12500 863239 3999085 1057430 849435 478280 307647 45300 1048678 289436 457799 405675 3494147 4156015 597722 ENERGY 53599021 TAXES 582789 TRANSPORTATION 535347 MATERIAL 258656 640666 73688917 1526701 3267640 18718473 9094935 7232805 6610150 1279315 1084500 206281 136353 157443088 37356046 118498930 120087042 9196317 8490457 156658822 148771077 5484868 4912722 88528423 89330112 3109635 3275870 97122926 97518704 X 0 0 59535896 51252373 0 0 59535896 51252373 156658822 148771077 X -7699430 -584093 X X 0 1 1 X 1 1 623443 623443 3490415 831453 2658962 145414832 34639303 110775529 7914398 1885290 6029108 120087042 INVESTMENTS IN SUBSIDIARY COMPANIES 3695148 INVESTMENTS IN ASSOCIATED ORGANIZATIONS-PATRONAGE CAPITAL 1306802 INVESTMENTS IN ASSOCIATED ORGANIZATIONS-GENERAL FUNDS 2031595 INVESTMENTS IN ASSOCIATED ORGANIZATIONS-NON-GENERAL FUNDS NRU-CFC CTC'S 1240548 OTHER INVESTMENTS-ERC LOANS & CONSUMER LOANS 149526 SPECIAL FUNDS 44297 OTHER CURRENT & ACCRUED ASSETS-ACCRUED INTEREST 22541 8490457 CONSUMER DEPOSITS 630803 OTHER CURRENT & ACCRUED LIABILITIES-TAXES, INS, EXCISE ETC 660821 DEFERRED CREDS-MARGIN STABILIZATION, UNCL CAP CRD 1984246 3275870 SCHEDULE D, PART X, LINE 1: FIN 48 (ASC 740) AUDIT FOOTNOTE ACCOUNTING FOR UNCERTAIN TAX POSITIONS - EFFECTIVE JANUARY 1, 2010 THE COOPERATIVE ADOPTED THE ACCOUNTING STANDARD REGARDING "ACCOUNTING FOR UNCERTAIN TAX POSITIONS." THIS ACCOUNTING STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX PROVISIONS RECOGNIZED IN THE COOPERATIVE'S CONSOLIDATED FINANCIAL STATEMENTS. THIS STANDARD REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE COOPERATIVE HAS NOT TAKEN ANY TAX POSITION THAT IS EXPECTED TO SIGNIFICANTLY INCREASE OR DECREASE OVER THE NEXT TWELVE MONTHS. THE ADOPTION OF THIS STANDARD HAD NO MATERIAL EFFECT ON THE COOPERATIVE'S CONSOLIDATED FINANCIAL POSITION, CHANGE IN NET ASSETS, OR CASH FLOWS. THE COOPERATIVE FILES INCOME TAX RETURNS IN THE UNITED STATES FEDERAL AND ILLINOIS STATE JURISDICTIONS. THE COOPERATIVE IS NO LONGER SUBJECT TO UNITED STATES FEDERAL OR ILLINOIS STATE TAX EXAMINATIONS FOR YEARS ENDING BEFORE DECEMBER 31, 2008. 1 X COLLEGE SCHOLARSHIPS 11 12500 FUNDS ARE GIVEN TO COMMON CHARITIES THAT HAVE EFFECTIVE OVERSIGHT IN THE USE OF THE ASSISTANCE GIVEN. THE BOARD OF DIRECTORS ALSO FOLLOWS UP WITH THE CHARITY TO ENSURE THAT THE FUNDS ARE BEING USED APPROPRIATELY. 1 X X 0 0 0 CARL BARTH 21459 0 0 0 0 0 0 0 0 0 21459 0 0 0 JAMES GRAPPERHAUS 11976 0 0 0 0 0 0 0 0 0 11976 0 0 0 KERRY SLOAN 324633 0 0 0 10707 0 184202 0 16801 0 536343 0 0 0 DANIEL TILLMAN 105506 0 5000 0 907 0 58178 0 15714 0 185305 0 0 0 RACHEL SLOAN 161456 0 100 0 313 0 84953 0 749 0 247571 0 0 0 RICHARD MCGILL 115002 0 0 0 1283 0 67174 0 15778 0 199237 0 0 0 ANDREW JONES 122618 0 0 0 2853 0 62141 0 15802 0 203414 0 0 0 SHANE HEALY 116121 0 0 0 172 0 36722 0 18105 0 171120 0 0 0 MICHAEL WILLMAN FAMILY MEMBER OF DIRECTOR 113431 COMPENSATION 0 RACHEL SLOAN FAMILY MEMBER OF CEO 170552 COMPENSATION 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 MEMBERS OF THE COOPERATIVE,...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 11 THE FORM 990 IS PREPARED BY THE CFO OF THE FILING ORGANIZATION. ONCE COMPLETED, THE CFO FORWARDS THE FORM TO THE CPA FIRM TO REVIEW AND PREPARE FOR ELECTRONIC TRANSMISSION. THE CFO REVIEWS THE FINAL COPY. THE FINAL FORM 990 IS THEN, PRIOR TO FILING, PRESENTED TO THE BOARD AT THE SAME BOARD MEETING THAT THE COMPLETED AUDIT REPORT IS PRESENTED. 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 ANNUALLY PARTICIPATES IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR/COMPARE/ESTABLISH THE RATE OF COMPENSATION FOR ITS STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES AVAILABLE TO ITS MEMBERS UPON REQUEST GOVERNING DOCUMENTS AND POLICIES AT THE CORPORATE HEADQUARTERS. IT ALSO PLACES BYLAWS/MEMBER GUIDES AND FINANCIALS ON ITS WEBSITE FOR INSPECTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -80,369. RETIREMENTS OF PATRONAGE CAPITAL ($508,944) -508,944. NEW MEMBERSHIP FEES $4,400 4,400. CANCELLED MEMBERSHIPS $820 820. TOTAL TO FORM 990, PART XI, LINE 5: -584,093. FORM 990, PART XI, LINE 2C: PROCESS HAS NOT CHANGED. THE FULL BOARD ESSENTIALLY HAS OVERSIGHT. FORM 990, PART XI, LINE 5, PRIOR PERIOD ADJUSTMENT: THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2010 WERE RESTATED FOR A CORRECTION TO A SUBSIDIARY'S PREPAID EXPENSE. THE PREPAID EXPENSE WAS REDUCED BY $80,369 AND THE RELATED EXPENSE WAS INCREASED BY $80,369, FOR A DECREASE IN TOTAL INCOME. PROPANE PLUS INC 525 US ROUTE 40 PO BOX 549 GREENVILLE IL 62246 371331451 RETAIL PROPANE GAS SALES IL SWECI C 116407 3691199 1.00000 NEW ILLINOIS COOPERATIVE ENERGY INC 525 US ROUTE 40 PO BOX 549 GREENVILLE IL 62246 261616116 SUSPENDED-RETAIL ELECTRICITY SALES IL SWECI C -47808 3949 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 PROPANE PLUS INC A 121458 AMORTIZATION SCHEDULE PROPANE PLUS INC D 1676393 GENERAL LEDGER PROPANE PLUS INC N 70974 TIME SHEETS PROPANE PLUS INC P 65581 GENERAL LEDGER NEW ILLINOIS COOPERATIVE ENERGY F0RM 990, SCHEDULE R, PART V LINE 2: THE VALUES FOR ALL TRANSACTIONS ARE VALUED BASED ON ACTUAL CASH EXCHANGED WITH THE RELATED ORGANIZATION.