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Nonprofiteer
← SOUTHERN ILLINOIS ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by SOUTHERN ILLINOIS ELECTRIC COOPERATIVE.

Totals

Total revenue
$28,878,818
Total expenses
$28,634,710
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,912,301
Investment income
$91,370
Other revenue
$875,147
Total assets, end of year
$90,416,954
Total liabilities, end of year
$42,672,531
Net assets or fund balances, end of year
$47,744,423
Program services expenses (Part IX)
$26,751,570
Management and general expenses
$1,883,140
Fundraising expenses
$0
Program service expenses (Part III)
$26,751,570

Program services were 93.4% 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 SALES

    total $27,732,383 · related or exempt $27,732,383

  • 2b · Program service revenue: FORFEITED DISCOUNTS

    total $141,819 · related or exempt $141,819

  • 2c · Program service revenue: OTHER ELECTRIC REVENUE

    total $38,099 · related or exempt $38,099

  • 3 · Investment income

    total $91,370 · excluded $91,370

  • 6a · Gross rents

    real property $61,182

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $61,182

  • 6d · Net rental income or loss

    total $61,182 · excluded $61,182

  • 11a · Other revenue: PATRONAGE CAPITAL CREDITS

    total $796,722 · related or exempt $796,722

  • 11b · Other revenue: OTHER

    total $17,243 · related or exempt $17,243

  • 11e · Other revenue, total

    $813,965

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,156,745 · program services $1,156,745

  • 5 · Compensation of officers, directors and key employees

    total $396,407 · management and general $396,407

  • 7 · Other salaries and wages

    total $4,314,860 · program services $3,556,034 · management and general $758,826

  • 11b · Fees: legal

    total $36,289 · management and general $36,289

  • 11c · Fees: accounting

    total $18,405 · management and general $18,405

  • 12 · Advertising and promotion

    total $88,327 · program services $81,385 · management and general $6,942

  • 13 · Office expenses

    total $127,388 · program services $61,684 · management and general $65,704

  • 14 · Information technology

    total $228,618 · management and general $228,618

  • 19 · Conferences, conventions and meetings

    total $19,313 · management and general $19,313

  • 20 · Interest

    total $1,432,455 · program services $1,432,455

  • 22 · Depreciation, depletion and amortization

    total $2,914,470 · program services $2,914,470

  • 23 · Insurance

    total $45,892 · management and general $45,892

  • 24a · Other expenses: PURCHASED POWER

    total $15,292,664 · program services $15,292,664

  • 24b · Other expenses: MOWING, TRIMING & MAINT

    total $1,208,418 · program services $1,208,418

  • 24c · Other expenses: MATERIALS

    total $872,971 · program services $824,122 · management and general $48,849

  • 24d · Other expenses: PROPERTY, ENERGY & OTHE

    total $158,446 · program services $158,446

  • 24e · All other expenses

    total $323,042 · program services $65,147 · management and general $257,895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,762 · end of year $865,968

  • 4 · Accounts receivable

    beginning of year $2,869,232 · end of year $2,636,823

  • 8 · Inventories for sale or use

    beginning of year $560,984 · end of year $424,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,606 · end of year $162,700

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

    $96,762,783

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

    $29,953,653

  • 10c · Land, buildings and equipment, net

    beginning of year $65,869,293 · end of year $66,809,130

  • 12 · Investments: other securities

    beginning of year $19,000,651 · end of year $19,518,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,817,900 · end of year $4,884,231

  • 21 · Escrow or custodial account liability

    beginning of year $29,455 · end of year $23,630

  • 23 · Secured mortgages and notes payable

    beginning of year $31,906,261 · end of year $32,706,665

  • 25 · Other liabilities

    beginning of year $4,414,616 · end of year $5,058,005

  • 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 $4,434,577 · end of year $4,309,045

  • 31 · Retained earnings, endowment or other funds

    beginning of year $43,235,719 · end of year $43,435,378

Mission and programs · 2023

Mission

RESPONSIBLY AND SAFELY PROVIDE SERVICES TO EMPOWER OUR MEMBERS AND COMMUNITIES.

  • DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS

    Expenses $26,751,570 · Revenue $28,726,266

As filed on the 2023 return.

Listed in Part VII

  • William Littrell

    PRESIDENT

    Total calculated
    $3,718
    From this org
    $3,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.54

  • Randall Rushing

    DIRECTOR

    Total calculated
    $5,393
    From this org
    $5,393
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.69

  • David Martin

    DIRECTOR

    Total calculated
    $3,643
    From this org
    $3,643
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Scott Miller

    DIRECTOR

    Total calculated
    $3,115
    From this org
    $3,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.57

  • Lamar Houston

    DIRECTOR

    Total calculated
    $5,275
    From this org
    $5,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.88

  • Scott Ury

    VICE PRESIDENT

    Total calculated
    $4,453
    From this org
    $4,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.08

  • Steve Heisner

    DIRECTOR

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.42

  • Toni Snell

    DIRECTOR

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.63

  • Gerald Thurston

    SECRETARY/TREASURER

    Total calculated
    $6,348
    From this org
    $6,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.38

  • Kim Bakehouse

    DIRECTOR

    Total calculated
    $1,985
    From this org
    $1,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.29

  • Julie Wilke

    DIRECTOR OF FINANCE AND AD

    Total calculated
    $147,231
    From this org
    $113,071
    From related orgs
    $0
    Other
    $34,160
    Hours/week
    40

  • David Johnston

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $202,896
    From this org
    $163,452
    From related orgs
    $0
    Other
    $39,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,452
    Bonus
    $0
    Other
    $0
    Deferred
    $15,495
    Nontaxable benefits
    $23,949
    Filer's total
    $202,896

  • Nathan D Menees

    UTILITY SERVICEMAN

    Total calculated
    $161,129
    From this org
    $132,504
    From related orgs
    $0
    Other
    $28,625
    Hours/week
    47.99

    Schedule J breakdown matched by us

    Base
    $132,504
    Bonus
    $0
    Other
    $0
    Deferred
    $9,624
    Nontaxable benefits
    $19,001
    Filer's total
    $161,129

  • Michael L Logeman

    DIRECTOR OF ENGINEERING

    Total calculated
    $151,382
    From this org
    $128,976
    From related orgs
    $0
    Other
    $22,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,976
    Bonus
    $0
    Other
    $0
    Deferred
    $10,953
    Nontaxable benefits
    $11,453
    Filer's total
    $151,382

  • Stanley Treat

    UTILITY SERVICEMAN

    Total calculated
    $160,265
    From this org
    $130,238
    From related orgs
    $0
    Other
    $30,027
    Hours/week
    46.49

    Schedule J breakdown matched by us

    Base
    $130,238
    Bonus
    $0
    Other
    $0
    Deferred
    $11,026
    Nontaxable benefits
    $19,001
    Filer's total
    $160,265

  • W A Stover

    CREW FOREMAN

    Total calculated
    $134,771
    From this org
    $106,769
    From related orgs
    $0
    Other
    $28,002
    Hours/week
    42.77

  • Dale G Guetersloh

    CREW FOREMAN

    Total calculated
    $160,865
    From this org
    $132,124
    From related orgs
    $0
    Other
    $28,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,124
    Bonus
    $0
    Other
    $0
    Deferred
    $9,740
    Nontaxable benefits
    $19,001
    Filer's total
    $160,865

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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF OFFICERS.

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
26 April 2024
IRS schema version
2023v5.0
Source object
202401319349302860

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