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Nonprofiteer
← EASTERN ILLINI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by EASTERN ILLINI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$39,420,065
Total expenses
$36,608,342
Contributions and grants received
$1,257,569
Grants paid
$0
Program service revenue
$36,524,581
Investment income
$110,344
Other revenue
$1,527,571
Total assets, end of year
$94,063,868
Total liabilities, end of year
$41,555,527
Net assets or fund balances, end of year
$52,508,341
Program services expenses (Part IX)
$35,902,003
Management and general expenses
$706,339
Fundraising expenses
$0
Program service expenses (Part III)
$35,902,003

Program services were 98.1% 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.

  • 1e · Government grants (contributions)

    $1,257,569

  • 2a · Program service revenue: ELECTRIC ENERGY REVENUE

    total $36,343,646 · related or exempt $36,343,646

  • 2b · Program service revenue: MISCELLANEOUS ELECTRIC REVENUE

    total $180,935 · related or exempt $180,935

  • 3 · Investment income

    total $110,344 · excluded $110,344

  • 6a · Gross rents

    real property $26,539

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $26,539

  • 6d · Net rental income or loss

    total $26,539 · related or exempt $3,625 · unrelated business $22,914

  • 10a · Gross sales of inventory

    $166,863

  • 10b · Cost of goods sold

    $163,456

  • 10c · Net income from sales of inventory

    total $3,407 · related or exempt $3,407

  • 11a · Other revenue: CAPITAL CREDITS

    total $1,497,625 · related or exempt $1,497,625

  • 11e · Other revenue, total

    $1,497,625

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,021,792 · program services $1,021,792

  • 5 · Compensation of officers, directors and key employees

    total $706,339 · management and general $706,339

  • 7 · Other salaries and wages

    total $709,842 · program services $709,842

  • 11g · Fees: other

    total $140,953 · program services $140,953

  • 13 · Office expenses

    total $166,954 · program services $166,954

  • 19 · Conferences, conventions and meetings

    total $48,881 · program services $48,881

  • 20 · Interest

    total $1,364,012 · program services $1,364,012

  • 22 · Depreciation, depletion and amortization

    total $3,366,392 · program services $3,366,392

  • 23 · Insurance

    total $187,520 · program services $187,520

  • 24a · Other expenses: PURCHASED POWER

    total $22,106,409 · program services $22,106,409

  • 24b · Other expenses: DISTRIBUTION EXPENSE -

    total $2,647,876 · program services $2,647,876

  • 24c · Other expenses: DISTRIBUTION EXPENSE -

    total $2,303,321 · program services $2,303,321

  • 24d · Other expenses: CUSTOMER ACCOUNTS EXPEN

    total $726,727 · program services $726,727

  • 24e · All other expenses

    total $1,111,324 · program services $1,111,324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708,739 · end of year $682,264

  • 2 · Savings and temporary cash investments

    beginning of year $3,100,593 · end of year $794,316

  • 4 · Accounts receivable

    beginning of year $1,951,035 · end of year $2,580,659

  • 7 · Other notes and loans receivable

    beginning of year $22,910 · end of year $33,570

  • 8 · Inventories for sale or use

    beginning of year $964,193 · end of year $1,661,707

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,852 · end of year $106,959

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

    $120,444,498

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

    $53,547,411

  • 10c · Land, buildings and equipment, net

    beginning of year $64,664,243 · end of year $66,897,087

  • 12 · Investments: other securities

    beginning of year $20,028,936 · end of year $20,612,181

  • 15 · Other assets

    beginning of year $653,043 · end of year $695,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,539,021 · end of year $3,668,519

  • 23 · Secured mortgages and notes payable

    beginning of year $34,096,325 · end of year $32,929,334

  • 25 · Other liabilities

    beginning of year $6,019,841 · end of year $4,957,674

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $48,566,357 · end of year $52,508,341

Mission and programs · 2022

Mission

EIEC'S MISSION IS TO PROVIDE SAFE, RELIABLE, PREMIUM-QUALITY, ECONOMICALLY-PRICED ELECTRICITY AND OTHER RELATED SERVICES TO OUR MEMBERS/OWNERS.

Activities or mission (Part I)

SALE AND DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS.

  • DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS.

    Expenses $35,902,003 · Revenue $38,029,238

As filed on the 2022 return.

Listed in Part VII

  • Tom Schlatter

    DIRECTOR

    Total calculated
    $5,616
    From this org
    $5,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.01

  • Kevin Moore

    BOARD CHAIRMAN

    Total calculated
    $8,416
    From this org
    $8,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • Brad Ludwig

    DIRECTOR

    Total calculated
    $7,716
    From this org
    $7,716
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.97

  • Steve Meenen

    SECRETARY/TREASURER

    Total calculated
    $7,366
    From this org
    $7,366
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.74

  • Steve Gordon

    DIRECTOR

    Total calculated
    $9,816
    From this org
    $9,816
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.54

  • Chad Larimore

    ASSISTANT SECRETARY/TREASURER

    Total calculated
    $8,766
    From this org
    $8,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.35

  • Lauri Quick

    DIRECTOR

    Total calculated
    $10,866
    From this org
    $10,866
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.88

  • Tyler Finegan

    DIRECTOR

    Total calculated
    $8,766
    From this org
    $8,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Bruce Ristow

    VICE CHAIRMAN

    Total calculated
    $5,616
    From this org
    $5,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.95

  • Robert Hunzinger

    CEO/PRESIDENT

    Total calculated
    $390,562
    From this org
    $339,120
    From related orgs
    $0
    Other
    $51,442
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $332,260
    Bonus
    $0
    Other
    $6,860
    Deferred
    $43,500
    Nontaxable benefits
    $7,942
    Filer's total
    $390,562

  • Michael Wilson

    VICE PRESIDENT OF MEMBER &

    Total calculated
    $169,987
    From this org
    $131,490
    From related orgs
    $0
    Other
    $38,497
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,078
    Bonus
    $0
    Other
    $412
    Deferred
    $20,189
    Nontaxable benefits
    $18,308
    Filer's total
    $169,987

  • Shana Batte

    CHIEF FINANCIAL OFFICER

    Total calculated
    $154,972
    From this org
    $123,475
    From related orgs
    $0
    Other
    $31,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,107
    Bonus
    $0
    Other
    $368
    Deferred
    $18,439
    Nontaxable benefits
    $13,058
    Filer's total
    $154,972

  • Bradley Smith

    VICE PRESIDENT OF OPERATIONS

    Total calculated
    $181,838
    From this org
    $147,036
    From related orgs
    $0
    Other
    $34,802
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,586
    Bonus
    $0
    Other
    $450
    Deferred
    $21,744
    Nontaxable benefits
    $13,058
    Filer's total
    $181,838

  • John Batte

    LINE FOREMAN

    Total calculated
    $148,314
    From this org
    $123,663
    From related orgs
    $0
    Other
    $24,651
    Hours/week
    43

  • Jason Kocher

    LINE FOREMAN

    Total calculated
    $140,833
    From this org
    $117,192
    From related orgs
    $0
    Other
    $23,641
    Hours/week
    43

  • Kevin Dettmering

    LINE FOREMAN

    Total calculated
    $143,702
    From this org
    $116,205
    From related orgs
    $0
    Other
    $27,497
    Hours/week
    43

  • Graham Schmid

    LINE FOREMAN

    Total calculated
    $133,023
    From this org
    $117,324
    From related orgs
    $0
    Other
    $15,699
    Hours/week
    43

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 · Written employment contract
  • 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EASTERN ILLINI BENEFITS GROUP LLC

    INVESTMENT · INSURANCE · IL · 62.5% owned · share of income $35,797 · share of assets $41,936

    Directly controlled by EASTERN ILLINI SERVICES CORPORATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EASTERN ILLINI SERVICES CORPORATION INC

    C · UTILITY SERVICES · IL · 100% owned · share of income $35,117 · share of assets $69,247

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2023
IRS schema version
2022v5.0
Source object
202331159349301413

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