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Nonprofiteer
← SE-MA-NO ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SE-MA-NO ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$14,035,081
Total expenses
$14,035,081
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,619,589
Investment income
$390,504
Other revenue
$24,988
Total assets, end of year
$29,166,670
Total liabilities, end of year
$7,283,467
Net assets or fund balances, end of year
$21,883,203
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,035,081

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Electric Service Revenue

    total $13,619,589 · related or exempt $0 · unrelated business $0 · excluded $13,619,589

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $330,008 · related or exempt $0 · unrelated business $0 · excluded $330,008

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $18,618 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $18,618 · personal property $0

  • 6d · Net rental income or loss

    total $18,618 · related or exempt $0 · unrelated business $18,618 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $60,496

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $60,496

  • 7d · Net gain or loss

    total $60,496 · related or exempt $0 · unrelated business $0 · excluded $60,496

  • 10a · Gross sales of inventory

    $69,310

  • 10b · Cost of goods sold

    $62,940

  • 10c · Net income from sales of inventory

    total $6,370 · related or exempt $0 · unrelated business $0 · excluded $6,370

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,810,319

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $85,422

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,223,740

  • 24a · Other expenses: Cost of Power

    total $7,343,176

  • 24b · Other expenses: Distribution Expense

    total $2,218,052

  • 24c · Other expenses: Administrative Expense

    total $713,327

  • 24d · Other expenses: Member Service Expense

    total $628,447

  • 24e · All other expenses

    total $12,598

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,301,581 · end of year $4,424,949

  • 2 · Savings and temporary cash investments

    beginning of year $1,539,005 · end of year $2,049,675

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,291,591 · end of year $1,330,412

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $341,030 · end of year $281,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $34,263,355

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,217,875

  • 10c · Land, buildings and equipment, net

    beginning of year $18,004,036 · end of year $18,045,480

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $2,811,124 · end of year $3,034,312

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,848,988 · end of year $3,229,853

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,452,646 · end of year $4,046,114

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $25,500 · end of year $7,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,961,233 · end of year $21,883,203

Mission and programs · 2024

Mission

Provide electricity to rural members on a cooperative basis.

  • Electricity sales to rural members

    Expenses $14,035,081 · Revenue $14,035,081

As filed on the 2024 return.

Listed in Part VII

  • Daniel Sisco

    General Manager/CEO

    Total calculated
    $459,617
    From this org
    $202,386
    From related orgs
    $0
    Other
    $257,231
    Hours/week
    46 + 4 related

    Schedule J breakdown matched by us

    Base
    $202,386
    Bonus
    $0
    Other
    $257,231
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $459,617

  • Hayden Dennis

    Operations Manager

    Total calculated
    $136,164
    From this org
    $114,204
    From related orgs
    $0
    Other
    $21,960
    Hours/week
    44

  • Tamara Hamilton

    Finance & Administration Manager

    Total calculated
    $130,278
    From this org
    $95,267
    From related orgs
    $0
    Other
    $35,011
    Hours/week
    42

  • Grady Bennett

    Journeyman Lineman

    Total calculated
    $124,500
    From this org
    $115,901
    From related orgs
    $0
    Other
    $8,599
    Hours/week
    44

  • Duncan Green

    Journeyman Lineman

    Total calculated
    $123,999
    From this org
    $120,770
    From related orgs
    $0
    Other
    $3,229
    Hours/week
    44

  • Ryan Whorton

    Journeyman Lineman

    Total calculated
    $119,824
    From this org
    $114,257
    From related orgs
    $0
    Other
    $5,567
    Hours/week
    44

  • Nolan Stillwell

    Journeyman Lineman

    Total calculated
    $117,022
    From this org
    $113,247
    From related orgs
    $0
    Other
    $3,775
    Hours/week
    44

  • John Campbell

    President

    Total calculated
    $22,179
    From this org
    $3,450
    From related orgs
    $18,729
    Other
    $0
    Hours/week
    2 + 2 related

  • Duane Forrest

    Vice President

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Roy Doug Johnson

    Director

    Total calculated
    $4,100
    From this org
    $4,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Levi McDaris

    Director

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Randy Adamson

    Director

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steve Anderson

    Director

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Kelly

    Secretary/Treasurer

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mark Nichols

    Director

    Total calculated
    $3,050
    From this org
    $3,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Matthew Lamb

    Director

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3
The Board of Directors utilized the Statewide Compensation survey for Rural Electric Cooperatives in Missouri to determine wages for management positions.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Se-Ma-No Technologies LLC

    C · Fiber optics · MO · 100% owned

    Directly controlled by Se-Ma-No Electric Cooperative

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.0
Source object
202501349349302990

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