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Nonprofiteer
← SAC OSAGE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SAC OSAGE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$28,816,541
Total expenses
$28,816,541
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,754,353
Investment income
$64,493
Other revenue
$3,997,695
Total assets, end of year
$123,349,279
Total liabilities, end of year
$90,644,769
Net assets or fund balances, end of year
$32,704,510
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 $22,214,501 · related or exempt $22,214,501

  • 2b · Program service revenue: Capital Credits

    total $1,694,741 · related or exempt $1,694,741

  • 2c · Program service revenue: Other Operating

    total $196,982 · related or exempt $196,982

  • 2d · Program service revenue: Fiber Revenue Share

    total $648,129 · related or exempt $648,129

  • 3 · Investment income

    total $47,541 · excluded $47,541

  • 6a · Gross rents

    real property $3,948,495

  • 6c · Rental income or loss

    real property $3,948,495

  • 6d · Net rental income or loss

    total $3,948,495 · excluded $3,948,495

  • 7a · Gross sales of assets other than inventory

    other assets $30,720

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

    other assets $13,768

  • 7c · Gain or loss

    other assets $16,952

  • 7d · Net gain or loss

    total $16,952 · excluded $16,952

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Broadband Grant Revenue

    total $25,742 · related or exempt $25,742

  • 11b · Other revenue: Non-Operating

    total $23,458 · related or exempt $23,458

  • 11e · Other revenue, total

    $49,200

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,634,903

  • 5 · Compensation of officers, directors and key employees

    total $373,346

  • 7 · Other salaries and wages

    total $672,010

  • 20 · Interest

    total $3,102,172

  • 22 · Depreciation, depletion and amortization

    total $2,707,502

  • 24a · Other expenses: Cost of Power

    total $11,210,397 · program services $11,210,397

  • 24b · Other expenses: Distribution Expense

    total $3,996,686 · program services $3,996,686

  • 24c · Other expenses: Admin & General

    total $1,429,699 · program services $1,429,699

  • 24d · Other expenses: Member Services

    total $683,730 · program services $683,730

  • 24e · All other expenses

    total $6,096

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,909,780 · end of year $4,946,814

  • 4 · Accounts receivable

    beginning of year $1,028,588 · end of year $1,469,697

  • 8 · Inventories for sale or use

    beginning of year $3,860,594 · end of year $1,092,597

  • 9 · Prepaid expenses and deferred charges

    beginning of year $231,616 · end of year $219,695

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

    $123,134,080

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

    $21,311,486

  • 10c · Land, buildings and equipment, net

    beginning of year $96,500,878 · end of year $101,822,594

  • 13 · Investments: program-related

    beginning of year $12,449,777 · end of year $13,797,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,866,605 · end of year $1,713,782

  • 19 · Deferred revenue

    beginning of year $1,777,759 · end of year $500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $82,864,742 · end of year $87,121,768

  • 25 · Other liabilities

    beginning of year $431,071 · end of year $1,309,219

  • 29 · Capital stock, trust principal or current funds

    beginning of year $45,465

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,995,591 · end of year $32,704,510

Mission and programs · 2024

Mission

To provide reliable energy and related services to our members at the loweest cost.

  • Sac-Osage Electric Cooperative provides electric service to approximately 9,000 members on a system that includes more than 2,400 miles of lines and 11,600 meters.

As filed on the 2024 return.

Listed in Part VII

  • Aaron Ash

    General Manager

    Total calculated
    $216,308
    From this org
    $134,135
    From related orgs
    $0
    Other
    $82,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,135
    Bonus
    not reported
    Other
    not reported
    Deferred
    $53,694
    Nontaxable benefits
    $28,479
    Filer's total
    $216,308

  • Ronald Simmons

    Line Superintendent

    Total calculated
    $206,108
    From this org
    $116,034
    From related orgs
    $0
    Other
    $90,074
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $116,034
    Bonus
    not reported
    Other
    not reported
    Deferred
    $62,376
    Nontaxable benefits
    $27,698
    Filer's total
    $206,108

  • Kelly Eck

    Working Foreman

    Total calculated
    $167,851
    From this org
    $121,810
    From related orgs
    $0
    Other
    $46,041
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $121,810
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,410
    Nontaxable benefits
    $27,631
    Filer's total
    $167,851

  • Garrett Mays

    Journeyman Lineman

    Total calculated
    $155,049
    From this org
    $128,776
    From related orgs
    $0
    Other
    $26,273
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $128,776
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,149
    Nontaxable benefits
    $18,124
    Filer's total
    $155,049

  • Rodney Williams

    Journeyman Lineman

    Total calculated
    $143,002
    From this org
    $113,169
    From related orgs
    $0
    Other
    $29,833
    Hours/week
    46

  • Sharla Wilkerson

    Financial and Admin Mngr

    Total calculated
    $126,250
    From this org
    $90,509
    From related orgs
    $0
    Other
    $35,741
    Hours/week
    40

  • Tim Minehardt

    Director

    Total calculated
    $5,532
    From this org
    $5,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kenneth Hacker

    Director

    Total calculated
    $4,082
    From this org
    $4,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ronald Brockus

    Director

    Total calculated
    $3,582
    From this org
    $3,582
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brian Hubbard

    Director

    Total calculated
    $3,332
    From this org
    $3,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Maranda Spangler

    Director

    Total calculated
    $3,332
    From this org
    $3,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Raymond Huesemann

    Director

    Total calculated
    $3,282
    From this org
    $3,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gary Ashby

    Director

    Total calculated
    $3,132
    From this org
    $3,132
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shannon Tucker

    Director

    Total calculated
    $2,732
    From this org
    $2,732
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • George Underwood

    Director

    Total calculated
    $1,782
    From this org
    $1,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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 · 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOEC Technologies LLC

    Fiber Optic · MO · income -$630 · assets $60,544

    Directly controlled by Sac Osage Electric Cooperative Inc

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349314657

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