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Nonprofiteer
← PIONEER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by PIONEER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$104,169,283
Total expenses
$99,132,757
Contributions and grants received
$0
Grants paid
$85,990
Program service revenue
$95,436,995
Investment income
$691,260
Other revenue
$8,041,028
Total assets, end of year
$294,228,852
Total liabilities, end of year
$84,015,011
Net assets or fund balances, end of year
$210,213,841
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: SALES OF ELETRICITY

    total $91,123,614 · related or exempt $91,123,614

  • 2b · Program service revenue: CAPITAL CREDITS

    total $4,228,628 · related or exempt $4,228,628

  • 2c · Program service revenue: SERVICE REVENUE

    total $54,877 · related or exempt $54,877

  • 2d · Program service revenue: POLE RENTAL INCOME

    total $29,876 · excluded $29,876

  • 3 · Investment income

    total $586,764 · excluded $586,764

  • 7a · Gross sales of assets other than inventory

    other assets $119,000

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

    other assets $14,504

  • 7c · Gain or loss

    other assets $104,496

  • 7d · Net gain or loss

    total $104,496 · excluded $104,496

  • 10a · Gross sales of inventory

    $48,392

  • 10b · Cost of goods sold

    $57,123

  • 10c · Net income from sales of inventory

    total -$8,731 · excluded -$8,731

  • 11a · Other revenue: UNAPPROPROPRIATED SUB EARNINGS

    total $5,036,526 · excluded $5,036,526

  • 11b · Other revenue: MANAGEMENT FEES

    total $2,871,755 · unrelated business $2,871,755

  • 11d · All other revenue

    total $141,478 · excluded $141,478

  • 11e · Other revenue, total

    $8,049,759

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,087

  • 2 · Grants to domestic individuals

    total $41,903

  • 4 · Benefits paid to or for members

    total $7,261,014

  • 5 · Compensation of officers, directors and key employees

    total $1,398,532

  • 7 · Other salaries and wages

    total $4,818,850

  • 8 · Pension plan contributions

    total $1,596,546

  • 9 · Other employee benefits

    total $1,731,444

  • 10 · Payroll taxes

    total $482,492

  • 11b · Fees: legal

    total $56,057

  • 11c · Fees: accounting

    total $68,862

  • 11g · Fees: other

    total $254,820

  • 12 · Advertising and promotion

    total $28,938

  • 13 · Office expenses

    total $156,623

  • 14 · Information technology

    total $113,772

  • 16 · Occupancy

    total $127,752

  • 19 · Conferences, conventions and meetings

    total $24,258

  • 20 · Interest

    total $3,598,092

  • 22 · Depreciation, depletion and amortization

    total $5,717,065

  • 24a · Other expenses: PURCHASED POWER

    total $66,860,222

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $4,751,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,236,607 · end of year $1,487,705

  • 4 · Accounts receivable

    beginning of year $8,677,335 · end of year $9,758,909

  • 5 · Loans and receivables from officers and key people

    beginning of year $10,566 · end of year $8,250

  • 7 · Other notes and loans receivable

    beginning of year $766,671 · end of year $866,127

  • 8 · Inventories for sale or use

    beginning of year $2,245,136 · end of year $3,193,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,988,547 · end of year $6,730,920

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

    $177,657,622

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

    $53,713,898

  • 10c · Land, buildings and equipment, net

    beginning of year $122,938,843 · end of year $123,943,724

  • 13 · Investments: program-related

    beginning of year $138,604,543 · end of year $148,239,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,071,509 · end of year $8,239,959

  • 23 · Secured mortgages and notes payable

    beginning of year $76,438,432 · end of year $73,853,205

  • 25 · Other liabilities

    beginning of year $1,671,261 · end of year $1,921,847

  • 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 $198,287,046 · end of year $210,213,841

Mission and programs · 2022

Mission

TO BE THE DYNAMIC REGIONAL PROVIDER OF SAFE, RELIABLE ENERGY PRODUCTS AND SERVICES, WORKING TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND CUSTOMERS.

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS

  • DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC COMPANY, A WHOLLY OWNED SUBSIDIARY.

As filed on the 2022 return.

Listed in Part VII

  • Martie Floyd

    PRESIDENT

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.8 related

  • John R Jury

    SECRETARY/TREASURER

    Total calculated
    $20,600
    From this org
    $20,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.4 related

  • Alfred Alexander

    TRUSTEE

    Total calculated
    $19,625
    From this org
    $19,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.8 related

  • Michael Brewer

    TRUSTEE

    Total calculated
    $56,800
    From this org
    $56,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 5 related

  • James N Bell

    TRUSTEE

    Total calculated
    $36,600
    From this org
    $36,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6 + 3 related

  • Jeff Moyer

    VICE PRESIDENT

    Total calculated
    $28,600
    From this org
    $28,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • Frederick L Claassen

    TRUSTEE (UNTIL 9/22)

    Total calculated
    $13,680
    From this org
    $13,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.9 related

  • Steven Arnold

    TRUSTEE

    Total calculated
    $21,200
    From this org
    $21,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

  • Charles E Milburn

    TRUSTEE

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.9 related

  • David Light

    TRUSTEE

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9 + 0.5 related

  • Stephen Epperson

    CEO

    Total calculated
    $781,704
    From this org
    $494,399
    From related orgs
    $0
    Other
    $287,305
    Hours/week
    25.2 + 16.9 related

    Schedule J breakdown matched by us

    Base
    $476,806
    Bonus
    $8,900
    Other
    $8,693
    Deferred
    $258,286
    Nontaxable benefits
    $29,019
    Filer's total
    $781,704

  • Chantry Scott

    CFO

    Total calculated
    $473,165
    From this org
    $267,582
    From related orgs
    $0
    Other
    $205,583
    Hours/week
    21.7 + 19 related

    Schedule J breakdown matched by us

    Base
    $250,134
    Bonus
    $200
    Other
    $17,248
    Deferred
    $177,104
    Nontaxable benefits
    $28,479
    Filer's total
    $473,165

  • Lindsay Campbell

    EXECUTIVE VP & GENERAL COUNSEL

    Total calculated
    $402,790
    From this org
    $298,989
    From related orgs
    $0
    Other
    $103,801
    Hours/week
    26.2 + 15.6 related

    Schedule J breakdown matched by us

    Base
    $285,870
    Bonus
    $200
    Other
    $12,919
    Deferred
    $95,118
    Nontaxable benefits
    $8,683
    Filer's total
    $402,790

  • Michael Haney

    VP OF ENGINEERING & OPERATIONS

    Total calculated
    $391,791
    From this org
    $219,026
    From related orgs
    $0
    Other
    $172,765
    Hours/week
    21.2 + 19.5 related

    Schedule J breakdown matched by us

    Base
    $208,481
    Bonus
    $200
    Other
    $10,345
    Deferred
    $152,904
    Nontaxable benefits
    $19,861
    Filer's total
    $391,791

  • Anita Wendt

    VP OF ENERGY SERVICES

    Total calculated
    $307,347
    From this org
    $187,444
    From related orgs
    $0
    Other
    $119,903
    Hours/week
    29.3 + 12.9 related

    Schedule J breakdown matched by us

    Base
    $178,120
    Bonus
    $200
    Other
    $9,124
    Deferred
    $99,511
    Nontaxable benefits
    $20,392
    Filer's total
    $307,347

  • Clinton Meier

    OPERATIONS & ENGINEERING MANAGER

    Total calculated
    $413,300
    From this org
    $184,575
    From related orgs
    $0
    Other
    $228,725
    Hours/week
    5.3 + 43.3 related

    Schedule J breakdown matched by us

    Base
    $181,380
    Bonus
    $784
    Other
    $2,411
    Deferred
    $201,206
    Nontaxable benefits
    $27,519
    Filer's total
    $413,300

  • Ross Riley

    MANAGER OF ENGINEER & OPERATIONS

    Total calculated
    $340,287
    From this org
    $183,210
    From related orgs
    $0
    Other
    $157,077
    Hours/week
    41.7

    Schedule J breakdown matched by us

    Base
    $176,514
    Bonus
    $200
    Other
    $6,496
    Deferred
    $129,558
    Nontaxable benefits
    $27,519
    Filer's total
    $340,287

  • Sherry Easton

    ACCOUNTING MANAGER

    Total calculated
    $262,001
    From this org
    $174,042
    From related orgs
    $0
    Other
    $87,959
    Hours/week
    25.2 + 25 related

    Schedule J breakdown matched by us

    Base
    $167,893
    Bonus
    $200
    Other
    $5,949
    Deferred
    $67,378
    Nontaxable benefits
    $20,581
    Filer's total
    $262,001

  • Neal Mangels

    OPERATIONS MANAGER

    Total calculated
    $314,737
    From this org
    $159,112
    From related orgs
    $0
    Other
    $155,625
    Hours/week
    45.2

    Schedule J breakdown matched by us

    Base
    $156,343
    Bonus
    $200
    Other
    $2,569
    Deferred
    $128,106
    Nontaxable benefits
    $27,519
    Filer's total
    $314,737

  • Abel Diaz

    CREW FOREMAN

    Total calculated
    $225,635
    From this org
    $149,228
    From related orgs
    $0
    Other
    $76,407
    Hours/week
    49.1

    Schedule J breakdown matched by us

    Base
    $146,445
    Bonus
    $200
    Other
    $2,583
    Deferred
    $48,888
    Nontaxable benefits
    $27,519
    Filer's total
    $225,635

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
IN 2022, S. EPPERSON, L. CAMPBELL AND C. SCOTT PARTICIPATED IN 457(F) PLANS AND ACCRUED AMOUNTS OF $9,807, $5,449 AND -$10,624 RESPECTIVELY.

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

  • STANTON COUNTY COMMUNITY FOUNDATION

    $10,100

    MULTI-USE WALKING TRAIL ($10,000), FREEDOM WELLNESS CHALLENGE ($100)

  • USD 217

    $5,250

    ROLLA SCHOOL LED LIGHTING ($5,000), AFTER PROM DONATIONS ($100), ELEMENTARY SANTA DAY ($150)

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 PIONEER ELECTRIC COMPANY

    C · ELECTRICITY SALES · KS · 100% owned · share of income $5,036,526 · share of assets $186,422,448 · controlled entity

    Directly controlled by PEC

Provenance

Return type
form_990
Tax year
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202322909349301902

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