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Nonprofiteer
← INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2023

Filed by INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$66,807,802
Total expenses
$60,532,457
Contributions and grants received
$0
Grants paid
$12,500
Program service revenue
$65,891,709
Investment income
$288,718
Other revenue
$627,375
Total assets, end of year
$180,027,579
Total liabilities, end of year
$87,682,519
Net assets or fund balances, end of year
$92,345,060
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$60,532,457

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: SALE OF ELECTRICITY

    total $62,693,513 · related or exempt $62,693,513

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $3,198,196 · related or exempt $3,198,196

  • 3 · Investment income

    total $393,715 · excluded $393,715

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

    other assets $104,997

  • 7c · Gain or loss

    other assets -$104,997

  • 7d · Net gain or loss

    total -$104,997 · related or exempt -$104,997

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $360,994 · related or exempt $360,994

  • 11b · Other revenue: RENT FROM ELECTRIC PROPERTY

    total $266,381 · related or exempt $266,381

  • 11e · Other revenue, total

    $627,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,500

  • 5 · Compensation of officers, directors and key employees

    total $802,564

  • 7 · Other salaries and wages

    total $6,223,864

  • 8 · Pension plan contributions

    total $2,326,713

  • 9 · Other employee benefits

    total $2,145,770

  • 10 · Payroll taxes

    total $735,029

  • 11b · Fees: legal

    total $83,525

  • 11c · Fees: accounting

    total $39,729

  • 11g · Fees: other

    total $163,891

  • 12 · Advertising and promotion

    total $297,687

  • 13 · Office expenses

    total $546,080

  • 14 · Information technology

    total $313,949

  • 16 · Occupancy

    total $132,885

  • 17 · Travel

    total $72,286

  • 19 · Conferences, conventions and meetings

    total $53,409

  • 20 · Interest

    total $1,994,038

  • 22 · Depreciation, depletion and amortization

    total $5,502,008

  • 24a · Other expenses: PURCHASED POWER

    total $31,827,650

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $5,715,263

  • 24c · Other expenses: DISTRIBUTIONS OPERATION

    total $1,283,721

  • 24d · Other expenses: MISCELLANEOUS

    total $131,308

  • 24e · All other expenses

    total $128,588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,438,859 · end of year $4,511,804

  • 2 · Savings and temporary cash investments

    beginning of year $240 · end of year $240

  • 4 · Accounts receivable

    beginning of year $7,044,180 · end of year $6,788,115

  • 7 · Other notes and loans receivable

    beginning of year $120,242 · end of year $93,308

  • 8 · Inventories for sale or use

    beginning of year $3,315,560 · end of year $2,991,321

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,633,078 · end of year $1,636,510

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

    $207,973,214

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

    $66,186,843

  • 10c · Land, buildings and equipment, net

    beginning of year $135,086,247 · end of year $141,786,371

  • 12 · Investments: other securities

    beginning of year $18,247,684 · end of year $17,745,311

  • 15 · Other assets

    beginning of year $4,840,337 · end of year $4,474,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,794,401 · end of year $7,710,181

  • 19 · Deferred revenue

    beginning of year $3,651,511 · end of year $1,846,033

  • 23 · Secured mortgages and notes payable

    beginning of year $57,969,513 · end of year $60,964,807

  • 25 · Other liabilities

    beginning of year $27,933,310 · end of year $17,161,498

  • 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 $77,377,692 · end of year $92,345,060

Mission and programs · 2023

Mission

SALE OF ELECTRICITY AND RELATED SERVICES TO MEMBERS OF THE COOPERATIVE

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE

  • PROVIDE DEPENDABLE ELECTRIC SERVICE TO APPROXIMATELY 24,000 RESIDENTIAL, FARM, AND COMMERCIAL MEMBERS IN ALL OR PART OF DENT, PHELPS, TEXAS, CRAWFORD, GASCONADE, LACLEDE, MARIES, PULASKI, SHANNON, AND WRIGHT COUNTIES, AS WELL AS PROVIDE EDUCATION RELATED TO ELECTRICAL SAFETY AND ENERGY EFFICIENCIES.

    Expenses $60,532,457 · Grants $12,500 · Revenue $66,414,087

As filed on the 2023 return.

Listed in Part VII

  • Samuel Auxier

    VICE PRESIDENT

    Total calculated
    $34,621
    From this org
    $34,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • James Swindell

    BOARD MEMBER

    Total calculated
    $24,008
    From this org
    $24,008
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Smith

    BOARD MEMBER

    Total calculated
    $22,578
    From this org
    $22,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doyle Bradford

    BOARD MEMBER

    Total calculated
    $27,228
    From this org
    $27,228
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Tom Fleener

    SECRETARY/TREASURER

    Total calculated
    $23,478
    From this org
    $23,478
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Matthew Duncan

    PRESIDENT

    Total calculated
    $36,275
    From this org
    $27,416
    From related orgs
    $8,859
    Other
    $0
    Hours/week
    13

  • Angela Mallery

    BOARD MEMBER

    Total calculated
    $28,621
    From this org
    $28,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Regina Zervos

    BOARD MEMBER

    Total calculated
    $29,371
    From this org
    $29,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Manier

    BOARD MEMBER

    Total calculated
    $30,271
    From this org
    $30,271
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles D Lane

    CEO

    Total calculated
    $413,524
    From this org
    $212,249
    From related orgs
    $0
    Other
    $201,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,249
    Bonus
    $0
    Other
    $0
    Deferred
    $182,967
    Nontaxable benefits
    $18,308
    Filer's total
    $413,524

  • Sarah Akers

    DIRECTOR OF FINANCE AND AC

    Total calculated
    $206,175
    From this org
    $132,985
    From related orgs
    $0
    Other
    $73,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,985
    Bonus
    $0
    Other
    $0
    Deferred
    $51,619
    Nontaxable benefits
    $21,571
    Filer's total
    $206,175

  • Billy L Cordsmeyer

    DIRECTOR OF OPERATIONS

    Total calculated
    $183,860
    From this org
    $126,904
    From related orgs
    $0
    Other
    $56,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,904
    Bonus
    $0
    Other
    $0
    Deferred
    $42,377
    Nontaxable benefits
    $14,579
    Filer's total
    $183,860

  • Paul Kyle

    CONSTRUCTION FOREMAN

    Total calculated
    $170,602
    From this org
    $127,717
    From related orgs
    $0
    Other
    $42,885
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $127,717
    Bonus
    $0
    Other
    $0
    Deferred
    $21,314
    Nontaxable benefits
    $21,571
    Filer's total
    $170,602

  • Jason Greear

    CONSTRUCTION FOREMAN

    Total calculated
    $160,081
    From this org
    $123,622
    From related orgs
    $0
    Other
    $36,459
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $123,622
    Bonus
    $0
    Other
    $0
    Deferred
    $28,941
    Nontaxable benefits
    $7,518
    Filer's total
    $160,081

  • Aaron C Becklenberg

    CONSTRUCTION FOREMAN

    Total calculated
    $162,316
    From this org
    $122,471
    From related orgs
    $0
    Other
    $39,845
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $122,471
    Bonus
    $0
    Other
    $0
    Deferred
    $18,274
    Nontaxable benefits
    $21,571
    Filer's total
    $162,316

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

None.

Answered no

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

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

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.

  • INTERCOUNTY MARKETING AND SERVICES

    C · MARKETING · MO · 100% owned · share of income $23,979 · share of assets $131,385

  • INTERCOUNTY TELE-TECH LLC

    C · COMMUNICATIONS · MO · 100% owned · share of income $24,231 · share of assets $634,723

  • INTERCONNECT LLC

    C · INTERNET · MO · 100% owned · share of income $42,366 · share of assets $474,642

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423099349302387

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