Skip to content
Nonprofiteer
← SEDGWICK COUNTY ELECTRIC COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2023

Filed by SEDGWICK COUNTY ELECTRIC COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$20,122,061
Total expenses
$20,122,061
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,949,740
Investment income
$169,880
Other revenue
$2,441
Total assets, end of year
$36,735,794
Total liabilities, end of year
$14,136,691
Net assets or fund balances, end of year
$22,599,103
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: Sale of Electricity

    total $19,580,943 · related or exempt $19,580,943

  • 2b · Program service revenue: Capital Credits

    total $250,994 · related or exempt $250,994

  • 2c · Program service revenue: Miscellaneous Revenue

    total $117,803 · related or exempt $117,803

  • 3 · Investment income

    total $150,364 · excluded $150,364

  • 7a · Gross sales of assets other than inventory

    other assets $29,023

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

    other assets $9,507

  • 7c · Gain or loss

    other assets $19,516

  • 7d · Net gain or loss

    total $19,516 · excluded $19,516

  • 11a · Other revenue: Misc Non-Operating

    total $2,441 · related or exempt $2,441

  • 11e · Other revenue, total

    $2,441

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,732,977

  • 5 · Compensation of officers, directors and key employees

    total $434,281

  • 7 · Other salaries and wages

    total $756,543

  • 20 · Interest

    total $498,060

  • 22 · Depreciation, depletion and amortization

    total $1,422,162

  • 24a · Other expenses: Cost of Power

    total $12,684,767 · program services $12,684,767

  • 24b · Other expenses: Distribution Expense

    total $1,308,593 · program services $1,308,593

  • 24c · Other expenses: Admin & General

    total $830,221 · program services $830,221

  • 24d · Other expenses: Member Services

    total $454,457 · program services $454,457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,224 · end of year $178,146

  • 2 · Savings and temporary cash investments

    beginning of year $129,660

  • 4 · Accounts receivable

    beginning of year $1,999,521 · end of year $1,809,844

  • 8 · Inventories for sale or use

    beginning of year $1,818,172 · end of year $2,154,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,497,194 · end of year $2,493,457

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

    $41,112,374

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

    $18,547,778

  • 10c · Land, buildings and equipment, net

    beginning of year $21,674,946 · end of year $22,564,596

  • 13 · Investments: program-related

    beginning of year $6,793,224 · end of year $7,003,634

  • 15 · Other assets

    beginning of year $609,368 · end of year $531,728

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,852,559 · end of year $1,707,452

  • 23 · Secured mortgages and notes payable

    beginning of year $12,317,633 · end of year $11,866,794

  • 25 · Other liabilities

    beginning of year $916,592 · end of year $562,445

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,438,525 · end of year $22,599,103

Mission and programs · 2023

Mission

We are committed to providing safe, reliable, innovative energy solutions for you, our members.

  • Provide electric service, on a cooperative basis, to approximately 6,690 members located in mostly rural areas through 7,905 services.

As filed on the 2023 return.

Listed in Part VII

  • Scott Ayres

    General ManagerCEO

    Total calculated
    $339,899
    From this org
    $205,698
    From related orgs
    $0
    Other
    $134,201
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $205,698
    Bonus
    not reported
    Other
    not reported
    Deferred
    $112,801
    Nontaxable benefits
    $21,400
    Filer's total
    $339,899

  • Kyle Pipkin

    Line Superviser

    Total calculated
    $168,704
    From this org
    $117,471
    From related orgs
    $0
    Other
    $51,233
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $117,471
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,506
    Nontaxable benefits
    $13,727
    Filer's total
    $168,704

  • Mark Hansen

    Foreman

    Total calculated
    $157,455
    From this org
    $121,891
    From related orgs
    $0
    Other
    $35,564
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $121,891
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,164
    Nontaxable benefits
    $21,400
    Filer's total
    $157,455

  • Andrew Riggs

    IT Manager

    Total calculated
    $153,027
    From this org
    $109,672
    From related orgs
    $0
    Other
    $43,355
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $109,672
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,955
    Nontaxable benefits
    $21,400
    Filer's total
    $153,027

  • Tommy Hill

    Foreman

    Total calculated
    $141,246
    From this org
    $111,635
    From related orgs
    $0
    Other
    $29,611
    Hours/week
    44

  • Christopher Fair

    Journeyman Lineman

    Total calculated
    $136,111
    From this org
    $108,888
    From related orgs
    $0
    Other
    $27,223
    Hours/week
    43

  • Donald P Metzen

    Trustee

    Total calculated
    $21,740
    From this org
    $10,316
    From related orgs
    $11,424
    Other
    $0
    Hours/week
    4 + 3 related

  • Eugene J Scheer

    Trustee

    Total calculated
    $12,850
    From this org
    $12,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Joseph J Baalmann

    Trustee

    Total calculated
    $11,638
    From this org
    $11,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Cindy Foster

    Vice President

    Total calculated
    $11,342
    From this org
    $11,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Clint Devore

    President

    Total calculated
    $10,619
    From this org
    $10,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Margie Conyac

    SecretaryTreasuer

    Total calculated
    $10,334
    From this org
    $10,334
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Alan J Smarsh

    Trustee

    Total calculated
    $9,654
    From this org
    $9,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Stan Theis

    Trustee

    Total calculated
    $9,289
    From this org
    $9,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Rex A Smith

    Trustee

    Total calculated
    $8,340
    From this org
    $8,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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 · Independent compensation consultant
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202422989349302217

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.