Skip to content
Nonprofiteer
← SOUTHEASTERN ILLINOIS ELECTRIC

Form 990 for tax year 2024

Filed by SOUTHEASTERN ILLINOIS ELECTRIC.

Totals

Total revenue
$96,085,921
Total expenses
$96,085,921
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$95,942,933
Investment income
$145,234
Other revenue
-$2,246
Total assets, end of year
$234,919,302
Total liabilities, end of year
$92,925,550
Net assets or fund balances, end of year
$141,993,752
Program services expenses (Part IX)
$95,923,254
Management and general expenses
$162,667
Fundraising expenses
$0
Program service expenses (Part III)
$95,923,254

Program services were 99.8% 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 REVENUES

    total $92,258,964 · related or exempt $92,258,964

  • 2b · Program service revenue: CAPITAL CREDITS REVENUE

    total $2,702,956 · related or exempt $2,702,956

  • 2c · Program service revenue: OTHER REVENUES

    total $981,013 · related or exempt $981,013

  • 3 · Investment income

    total $145,234 · excluded $145,234

  • 11a · Other revenue: WATER HEATERS

    total $2,706 · related or exempt $2,706

  • 11b · Other revenue: SOUTHERN SERVICES LLC

    total -$4,952 · unrelated business -$4,952

  • 11e · Other revenue, total

    -$2,246

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,228,748 · program services $5,228,748

  • 5 · Compensation of officers, directors and key employees

    total $891,325 · program services $891,325

  • 7 · Other salaries and wages

    total $7,463,965 · program services $7,463,965

  • 8 · Pension plan contributions

    total $3,759,470 · program services $3,759,470

  • 9 · Other employee benefits

    total $1,207,842 · program services $1,207,842

  • 10 · Payroll taxes

    total $684,210 · program services $684,210

  • 11b · Fees: legal

    total $98,319 · management and general $98,319

  • 11c · Fees: accounting

    total $64,348 · management and general $64,348

  • 12 · Advertising and promotion

    total $190,136 · program services $190,136

  • 13 · Office expenses

    total $164,064 · program services $164,064

  • 16 · Occupancy

    total $544,441 · program services $544,441

  • 20 · Interest

    total $3,299,506 · program services $3,299,506

  • 22 · Depreciation, depletion and amortization

    total $6,022,278 · program services $6,022,278

  • 24a · Other expenses: PURCHASED POWER

    total $64,295,470 · program services $64,295,470

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $5,968,155 · program services $5,968,155

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $1,701,519 · program services $1,701,519

  • 24d · Other expenses: ADMINISTRATIVE & GENERA

    total $1,483,620 · program services $1,483,620

  • 24e · All other expenses

    total -$6,981,495 · program services -$6,981,495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $651,552 · end of year $459,151

  • 4 · Accounts receivable

    beginning of year $3,913,786 · end of year $4,274,920

  • 8 · Inventories for sale or use

    beginning of year $2,450,859 · end of year $2,289,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $376,021 · end of year $394,226

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

    $220,386,437

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

    $71,316,168

  • 10c · Land, buildings and equipment, net

    beginning of year $143,539,320 · end of year $149,070,269

  • 13 · Investments: program-related

    beginning of year $72,469,880 · end of year $74,988,035

  • 15 · Other assets

    beginning of year $3,069,221 · end of year $3,443,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,957,962 · end of year $8,635,461

  • 23 · Secured mortgages and notes payable

    beginning of year $67,745,207 · end of year $67,894,985

  • 25 · Other liabilities

    beginning of year $13,142,908 · end of year $16,395,104

  • 29 · Capital stock, trust principal or current funds

    beginning of year $93,790 · end of year $93,790

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $6,187,179 · end of year $5,807,319

  • 31 · Retained earnings, endowment or other funds

    beginning of year $132,343,593 · end of year $136,092,643

Mission and programs · 2024

Mission

DISTRIBUTION SALES OF ELECTRICITY TO MEMBER-OWNERS ON A PATRONAGE BASIS.

Activities or mission (Part I)

DISTRIBUTION SALES OF ELECTRICITY TO APPROX 25,000 MEMBER-OWNERS ON A PATRONAGE BASIS.

  • PROVIDE ELECTRIC SERVICE TO MEMBER-OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF 25,156 PER MONTH.

    Expenses $95,923,254 · Revenue $95,945,639

As filed on the 2024 return.

Listed in Part VII

  • Dale Schierbaum

    CHAIRMAN

    Total calculated
    $13,510
    From this org
    $13,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

  • Shane Croslin

    VICE CHAIRMAN

    Total calculated
    $8,510
    From this org
    $8,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.08

  • Pamela Bramlet

    SECRETARY/TREASURER

    Total calculated
    $11,510
    From this org
    $11,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.96

  • Gary Hise

    TRUSTEE

    Total calculated
    $7,506
    From this org
    $7,506
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.62

  • Brian Joyner

    TRUSTEE

    Total calculated
    $7,010
    From this org
    $7,010
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.62

  • Joseph Marlo

    TRUSTEE

    Total calculated
    $16,510
    From this org
    $16,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.79

  • Tiffany Morhet

    TRUSTEE

    Total calculated
    $10,010
    From this org
    $10,010
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.56

  • Robert Keith Oglesby

    TRUSTEE

    Total calculated
    $7,509
    From this org
    $7,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.48

  • Richard Rister

    TRUSTEE

    Total calculated
    $12,510
    From this org
    $12,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Scherrer

    TRUSTEE

    Total calculated
    $10,010
    From this org
    $10,010
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.08

  • Tim Spivey

    TRUSTEE

    Total calculated
    $7,510
    From this org
    $7,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.67

  • Dustin Tripp

    PRESIDENT & CEO

    Total calculated
    $610,116
    From this org
    $374,643
    From related orgs
    $0
    Other
    $235,473
    Hours/week
    40.77

    Schedule J breakdown matched by us

    Base
    $366,735
    Bonus
    $0
    Other
    $7,908
    Deferred
    $207,104
    Nontaxable benefits
    $28,369
    Filer's total
    $610,116

  • Torry Schloz

    ACCOUNTING & FINANCE MANAG

    Total calculated
    $169,104
    From this org
    $131,285
    From related orgs
    $0
    Other
    $37,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,285
    Bonus
    $0
    Other
    $0
    Deferred
    $35,841
    Nontaxable benefits
    $1,978
    Filer's total
    $169,104

  • Jeffrey Neuman

    OPERATIONS MANAGER

    Total calculated
    $309,034
    From this org
    $176,741
    From related orgs
    $0
    Other
    $132,293
    Hours/week
    40.77

    Schedule J breakdown matched by us

    Base
    $175,428
    Bonus
    $0
    Other
    $1,313
    Deferred
    $105,270
    Nontaxable benefits
    $27,023
    Filer's total
    $309,034

  • Jeffrey Crisp

    ROW & FLEET MANAGER

    Total calculated
    $323,601
    From this org
    $182,885
    From related orgs
    $0
    Other
    $140,716
    Hours/week
    42.31

    Schedule J breakdown matched by us

    Base
    $179,681
    Bonus
    $0
    Other
    $3,204
    Deferred
    $113,497
    Nontaxable benefits
    $27,219
    Filer's total
    $323,601

  • Robert Robinson

    UTILITY SERVICEMAN

    Total calculated
    $240,031
    From this org
    $156,418
    From related orgs
    $0
    Other
    $83,613
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $156,418
    Bonus
    $0
    Other
    $0
    Deferred
    $62,767
    Nontaxable benefits
    $20,846
    Filer's total
    $240,031

  • Maverick Marvel

    UTILITY SERVICEMAN

    Total calculated
    $238,281
    From this org
    $154,374
    From related orgs
    $0
    Other
    $83,907
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $154,374
    Bonus
    $0
    Other
    $0
    Deferred
    $63,055
    Nontaxable benefits
    $20,852
    Filer's total
    $238,281

  • Anthony Jordan

    LINE FOREMAN

    Total calculated
    $236,314
    From this org
    $151,279
    From related orgs
    $0
    Other
    $85,035
    Hours/week
    47.94

    Schedule J breakdown matched by us

    Base
    $151,279
    Bonus
    $0
    Other
    $0
    Deferred
    $64,147
    Nontaxable benefits
    $20,888
    Filer's total
    $236,314

  • William Sweat

    OPERATIONS MANAGER

    Total calculated
    $248,835
    From this org
    $150,238
    From related orgs
    $0
    Other
    $98,597
    Hours/week
    38.46

    Schedule J breakdown matched by us

    Base
    $145,530
    Bonus
    $0
    Other
    $4,708
    Deferred
    $72,708
    Nontaxable benefits
    $25,889
    Filer's total
    $248,835

  • Corey Lewis

    UTILITY SERVICEMAN

    Total calculated
    $225,286
    From this org
    $149,950
    From related orgs
    $0
    Other
    $75,336
    Hours/week
    46.57

    Schedule J breakdown matched by us

    Base
    $149,950
    Bonus
    $0
    Other
    $0
    Deferred
    $53,079
    Nontaxable benefits
    $22,257
    Filer's total
    $225,286

  • Ryan Fraulini

    JOURNEYMAN LINEMAN

    Total calculated
    $224,538
    From this org
    $147,066
    From related orgs
    $0
    Other
    $77,472
    Hours/week
    47.66

    Schedule J breakdown matched by us

    Base
    $147,066
    Bonus
    $0
    Other
    $0
    Deferred
    $53,652
    Nontaxable benefits
    $23,820
    Filer's total
    $224,538

  • Donald Basinger

    UTILITY SERVICEMAN

    Total calculated
    $230,012
    From this org
    $146,131
    From related orgs
    $0
    Other
    $83,881
    Hours/week
    50.62

    Schedule J breakdown matched by us

    Base
    $146,131
    Bonus
    $0
    Other
    $0
    Deferred
    $63,153
    Nontaxable benefits
    $20,728
    Filer's total
    $230,012

  • Travis Shortland

    UTILITY SERVICEMAN

    Total calculated
    $229,135
    From this org
    $145,868
    From related orgs
    $0
    Other
    $83,267
    Hours/week
    48.18

    Schedule J breakdown matched by us

    Base
    $145,868
    Bonus
    $0
    Other
    $0
    Deferred
    $62,414
    Nontaxable benefits
    $20,853
    Filer's total
    $229,135

  • Travis Jones

    ENGINEERING & PURCHASING MANAGER

    Total calculated
    $261,404
    From this org
    $145,693
    From related orgs
    $0
    Other
    $115,711
    Hours/week
    42.31

    Schedule J breakdown matched by us

    Base
    $135,434
    Bonus
    $0
    Other
    $10,259
    Deferred
    $89,129
    Nontaxable benefits
    $26,582
    Filer's total
    $261,404

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 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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349308005

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.