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Nonprofiteer
← SOUTHERN ILLINOIS POWER COOPERATIVE

Form 990 for tax year 2022

Filed by SOUTHERN ILLINOIS POWER COOPERATIVE.

Totals

Total revenue
$191,824,914
Total expenses
$185,304,743
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$190,989,908
Investment income
$542,132
Other revenue
$292,874
Total assets, end of year
$670,440,755
Total liabilities, end of year
$532,836,345
Net assets or fund balances, end of year
$137,604,410
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $190,657,555 · related or exempt $190,657,555

  • 2b · Program service revenue: PROG. RELATED INV. - CFC INTEREST

    total $332,353 · related or exempt $332,353

  • 3 · Investment income

    total $550,876 · unrelated business $6,925 · excluded $543,951

  • 6a · Gross rents

    real property $30,256

  • 6b · Less rental expenses

    real property $77,493

  • 6c · Rental income or loss

    real property -$47,237

  • 6d · Net rental income or loss

    total -$47,237 · excluded -$47,237

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

    other assets $8,744

  • 7c · Gain or loss

    other assets -$8,744

  • 7d · Net gain or loss

    total -$8,744 · excluded -$8,744

  • 11a · Other revenue: OTHER CAPITAL CREDITS & ALLOCATIO

    total $257,004 · related or exempt $257,004

  • 11b · Other revenue: ALLOWANCE FOR FUNDS USED IN CONST

    total $51,771 · related or exempt $51,771

  • 11c · Other revenue: OTHER INCOME

    total $31,336 · related or exempt $31,336

  • 11e · Other revenue, total

    $340,111

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,647,381

  • 7 · Other salaries and wages

    total $10,046,557

  • 8 · Pension plan contributions

    total $3,758,852

  • 9 · Other employee benefits

    total $2,450,492

  • 10 · Payroll taxes

    total $773,256

  • 11b · Fees: legal

    total $302,022

  • 11c · Fees: accounting

    total $69,657

  • 11g · Fees: other

    total $4,493,673

  • 12 · Advertising and promotion

    total $9,988

  • 13 · Office expenses

    total $512,920

  • 16 · Occupancy

    total $5,054,462

  • 19 · Conferences, conventions and meetings

    total $31,969

  • 20 · Interest

    total $25,442,498

  • 22 · Depreciation, depletion and amortization

    total $25,015,109

  • 23 · Insurance

    total $1,206,555

  • 24a · Other expenses: FUEL FOR GENERATION

    total $45,792,689

  • 24b · Other expenses: POWER INTERCHANGED

    total $27,714,131

  • 24c · Other expenses: POWER GENERATION EXPENS

    total $17,294,366

  • 24d · Other expenses: MAINTENANCE

    total $12,688,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,069,494 · end of year $5,419,059

  • 4 · Accounts receivable

    beginning of year $13,007,295 · end of year $17,728,386

  • 8 · Inventories for sale or use

    beginning of year $24,489,687 · end of year $22,405,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,611,370 · end of year $82,095,070

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

    $855,610,789

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

    $333,809,229

  • 10c · Land, buildings and equipment, net

    beginning of year $537,533,048 · end of year $521,801,560

  • 12 · Investments: other securities

    beginning of year $524,684 · end of year $537,540

  • 13 · Investments: program-related

    beginning of year $10,129,757 · end of year $9,925,022

  • 15 · Other assets

    beginning of year $11,022,167 · end of year $10,528,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,209,553 · end of year $20,195,204

  • 19 · Deferred revenue

    beginning of year $10,070,160 · end of year $20,048,311

  • 23 · Secured mortgages and notes payable

    beginning of year $511,570,689 · end of year $481,142,908

  • 25 · Other liabilities

    beginning of year $16,452,861 · end of year $11,449,922

  • 29 · Capital stock, trust principal or current funds

    beginning of year $700 · end of year $700

  • 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 $131,083,539 · end of year $137,603,710

Mission and programs · 2022

Mission

TO DELIVER TO OUR MEMBER SYSTEMS, HIGHLY RELIABLE, REASONABLY-PRICED AND ENVIRONMENTALLY RESPONSIBLE WHOLESALE POWER, FOR THE BENEFIT OF THEIR MEMBERS AND THEIR COMMUNITIES.

  • GENERATE AND TRANSMIT ELECTRICITY TO MEMBER DISTRIBUTION COOPERATIVES.

As filed on the 2022 return.

Listed in Part VII

  • Kevin Liefer

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Victor Knight

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • George Obernagel

    CHAIR OF THE BOARD

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Littrell

    VICE CHAIR OF THE BOARD

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Scherrer

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Frank Herman

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cary Dickinson

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tom Beyers

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Paul Pyatt

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sam Phillips

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Rudolphi

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Hanke

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stephen Kalmer

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Randall Rushing

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ken Jarrett

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Neff

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bob Pierson

    SECRETARY OF THE BOARD

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Rister

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathy Withers

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Martin

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy Hoffman-Rohling

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bob Kroeger

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dustin Tripp

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Johnston

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Alan Wattles

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Matt Conklin

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Shane Hermetz

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Luke Johnson

    CO-OP MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Donald Gulley

    PRESIDENT & CEO

    Total calculated
    $868,198
    From this org
    $681,228
    From related orgs
    $0
    Other
    $186,970
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $681,228
    Bonus
    $0
    Other
    $0
    Deferred
    $156,869
    Nontaxable benefits
    $30,101
    Filer's total
    $868,198

  • Paul Furtak

    VP OF ADMIN & FINANCE (CFO)

    Total calculated
    $453,448
    From this org
    $211,470
    From related orgs
    $0
    Other
    $241,978
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $211,470
    Bonus
    $0
    Other
    $0
    Deferred
    $212,795
    Nontaxable benefits
    $29,183
    Filer's total
    $453,448

  • Wendell Ray Watson

    DIRECTOR OF ENVIRONMENTAL SERVICES

    Total calculated
    $334,670
    From this org
    $200,780
    From related orgs
    $0
    Other
    $133,890
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,780
    Bonus
    $0
    Other
    $0
    Deferred
    $106,948
    Nontaxable benefits
    $26,942
    Filer's total
    $334,670

  • Robert Conn

    MANAGER GENERATION & FUEL

    Total calculated
    $302,733
    From this org
    $182,669
    From related orgs
    $0
    Other
    $120,064
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,669
    Bonus
    $0
    Other
    $0
    Deferred
    $93,322
    Nontaxable benefits
    $26,742
    Filer's total
    $302,733

  • Ashley McCuan

    VP OF POWER SUPPLY

    Total calculated
    $261,568
    From this org
    $164,600
    From related orgs
    $0
    Other
    $96,968
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,600
    Bonus
    $0
    Other
    $0
    Deferred
    $70,482
    Nontaxable benefits
    $26,486
    Filer's total
    $261,568

  • Larry Burns

    VP OF MARKETS & POWER DELIVERY

    Total calculated
    $281,014
    From this org
    $159,551
    From related orgs
    $0
    Other
    $121,463
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,551
    Bonus
    $0
    Other
    $0
    Deferred
    $95,115
    Nontaxable benefits
    $26,348
    Filer's total
    $281,014

  • James Crabb

    SYSTEMS OPERATOR

    Total calculated
    $261,307
    From this org
    $160,642
    From related orgs
    $0
    Other
    $100,665
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,642
    Bonus
    $0
    Other
    $0
    Deferred
    $80,036
    Nontaxable benefits
    $20,629
    Filer's total
    $261,307

  • Jerry Beers

    SYSTEMS OPERATOR

    Total calculated
    $247,398
    From this org
    $156,610
    From related orgs
    $0
    Other
    $90,788
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,610
    Bonus
    $0
    Other
    $0
    Deferred
    $70,153
    Nontaxable benefits
    $20,635
    Filer's total
    $247,398

  • Hal Dewayne Whitlock

    SYSTEMS OPERATOR

    Total calculated
    $250,488
    From this org
    $155,918
    From related orgs
    $0
    Other
    $94,570
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $155,918
    Bonus
    $0
    Other
    $0
    Deferred
    $73,955
    Nontaxable benefits
    $20,615
    Filer's total
    $250,488

  • James Henry Cozart

    SHIFT FOREMAN

    Total calculated
    $244,944
    From this org
    $155,432
    From related orgs
    $0
    Other
    $89,512
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,432
    Bonus
    $0
    Other
    $0
    Deferred
    $68,877
    Nontaxable benefits
    $20,635
    Filer's total
    $244,944

  • Gary Michael Chamness

    SHIFT FOREMAN

    Total calculated
    $249,100
    From this org
    $153,090
    From related orgs
    $0
    Other
    $96,010
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $153,090
    Bonus
    $0
    Other
    $0
    Deferred
    $75,395
    Nontaxable benefits
    $20,615
    Filer's total
    $249,100

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 committee
  • 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.

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.

  • SOUTHERN FUEL SUPPLY LLC

    C · INACTIVE · IL · 100% owned

    Directly controlled by SOUTHERN ILLINOIS POWER COOPERATIVE

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202332699349300013

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