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Nonprofiteer
← PIONEER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by PIONEER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$84,514,183
Total expenses
$81,171,709
Contributions and grants received
$0
Grants paid
$93,931
Program service revenue
$77,490,627
Investment income
$832,826
Other revenue
$6,190,730
Total assets, end of year
$300,639,525
Total liabilities, end of year
$86,919,937
Net assets or fund balances, end of year
$213,719,588
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 $74,339,044 · related or exempt $74,339,044

  • 2b · Program service revenue: CAPITAL CREDITS

    total $3,066,673 · related or exempt $3,066,673

  • 2c · Program service revenue: SERVICE REVENUE

    total $55,034 · related or exempt $55,034

  • 2d · Program service revenue: POLE RENTAL INCOME

    total $29,876 · excluded $29,876

  • 3 · Investment income

    total $761,026 · excluded $761,026

  • 7a · Gross sales of assets other than inventory

    other assets $71,800

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

    other assets $0

  • 7c · Gain or loss

    other assets $71,800

  • 7d · Net gain or loss

    total $71,800 · excluded $71,800

  • 10a · Gross sales of inventory

    $22,595

  • 10b · Cost of goods sold

    $28,083

  • 10c · Net income from sales of inventory

    total -$5,488 · excluded -$5,488

  • 11a · Other revenue: UNAPPROPROPRIATED SUB EARNINGS

    total $3,342,475 · excluded $3,342,475

  • 11b · Other revenue: MANAGEMENT FEES

    total $2,651,728 · unrelated business $2,651,728

  • 11d · All other revenue

    total $202,015 · excluded $202,015

  • 11e · Other revenue, total

    $6,196,218

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,641

  • 2 · Grants to domestic individuals

    total $55,290

  • 4 · Benefits paid to or for members

    total $5,148,312

  • 5 · Compensation of officers, directors and key employees

    total $1,840,309

  • 7 · Other salaries and wages

    total $4,955,209

  • 8 · Pension plan contributions

    total $1,475,224

  • 9 · Other employee benefits

    total $1,752,155

  • 10 · Payroll taxes

    total $518,847

  • 11b · Fees: legal

    total $63,785

  • 11c · Fees: accounting

    total $62,643

  • 11g · Fees: other

    total $10,438

  • 12 · Advertising and promotion

    total $45,385

  • 13 · Office expenses

    total $139,738

  • 14 · Information technology

    total $99,612

  • 16 · Occupancy

    total $138,238

  • 19 · Conferences, conventions and meetings

    total $20,129

  • 20 · Interest

    total $3,570,570

  • 22 · Depreciation, depletion and amortization

    total $5,847,681

  • 24a · Other expenses: PURCHASED POWER

    total $51,220,155

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $4,169,348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,487,705 · end of year $2,604,561

  • 4 · Accounts receivable

    beginning of year $9,758,909 · end of year $10,893,763

  • 5 · Loans and receivables from officers and key people

    beginning of year $8,250 · end of year $7,221

  • 7 · Other notes and loans receivable

    beginning of year $866,127 · end of year $956,020

  • 8 · Inventories for sale or use

    beginning of year $3,193,778 · end of year $6,252,818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,730,920 · end of year $3,956,365

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

    $184,922,313

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

    $57,226,120

  • 10c · Land, buildings and equipment, net

    beginning of year $123,943,724 · end of year $127,696,193

  • 13 · Investments: program-related

    beginning of year $148,239,439 · end of year $148,272,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,239,959 · end of year $8,150,810

  • 23 · Secured mortgages and notes payable

    beginning of year $73,853,205 · end of year $77,109,154

  • 25 · Other liabilities

    beginning of year $1,921,847 · end of year $1,659,973

  • 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 $210,213,841 · end of year $213,719,588

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Michael Brewer

    PRESIDENT (FROM 10/23)

    Total calculated
    $59,200
    From this org
    $31,200
    From related orgs
    $28,000
    Other
    $0
    Hours/week
    9 + 4 related

  • James N Bell

    TRUSTEE

    Total calculated
    $44,200
    From this org
    $23,700
    From related orgs
    $20,500
    Other
    $0
    Hours/week
    6 + 4 related

  • Jeff Moyer

    VICE PRESIDENT

    Total calculated
    $36,700
    From this org
    $19,950
    From related orgs
    $16,750
    Other
    $0
    Hours/week
    6 + 3 related

  • David Light

    TRUSTEE

    Total calculated
    $32,200
    From this org
    $16,450
    From related orgs
    $15,750
    Other
    $0
    Hours/week
    3 + 1 related

  • Steven Arnold

    TRUSTEE (UNTIL 9/23)

    Total calculated
    $24,600
    From this org
    $12,650
    From related orgs
    $11,950
    Other
    $0
    Hours/week
    3 + 3 related

  • Charles E Milburn

    TRUSTEE

    Total calculated
    $21,700
    From this org
    $11,200
    From related orgs
    $10,500
    Other
    $0
    Hours/week
    2 + 0.8 related

  • Alfred Alexander

    TRUSTEE

    Total calculated
    $21,100
    From this org
    $10,950
    From related orgs
    $10,150
    Other
    $0
    Hours/week
    2 + 0.8 related

  • John R Jury

    SECRETARY/TREASURER

    Total calculated
    $21,000
    From this org
    $10,800
    From related orgs
    $10,200
    Other
    $0
    Hours/week
    2 + 0.5 related

  • Martie Floyd

    PRESIDENT (UNTIL (9/23)

    Total calculated
    $14,100
    From this org
    $7,400
    From related orgs
    $6,700
    Other
    $0
    Hours/week
    2 + 2 related

  • Lori Deyoe

    TRUSTEE

    Total calculated
    $8,100
    From this org
    $4,050
    From related orgs
    $4,050
    Other
    $0
    Hours/week
    0.8 + 0.4 related

  • Marieta Hauser

    TRUSTEE (UNTIL 10/23)

    Total calculated
    $3,800
    From this org
    $1,900
    From related orgs
    $1,900
    Other
    $0
    Hours/week
    0.1 + 0.1 related

  • Stephen Epperson

    CEO (UNTIL 7/23)

    Total calculated
    $789,639
    From this org
    $533,164
    From related orgs
    $0
    Other
    $256,475
    Hours/week
    32.7 + 9.9 related

    Schedule J breakdown matched by us

    Base
    $493,547
    Bonus
    $30,643
    Other
    $8,974
    Deferred
    $226,391
    Nontaxable benefits
    $30,084
    Filer's total
    $789,639

  • Lindsay Campbell

    INTERIM CEO & EXEC VP & GENERAL COUNSEL

    Total calculated
    $474,807
    From this org
    $377,881
    From related orgs
    $0
    Other
    $96,926
    Hours/week
    25.8 + 17.6 related

    Schedule J breakdown matched by us

    Base
    $295,876
    Bonus
    $69,362
    Other
    $12,643
    Deferred
    $87,900
    Nontaxable benefits
    $9,026
    Filer's total
    $474,807

  • Chantry Scott

    INTERIM ASSISTANT CEO & CFO

    Total calculated
    $476,221
    From this org
    $308,085
    From related orgs
    $0
    Other
    $168,136
    Hours/week
    22.9 + 17.8 related

    Schedule J breakdown matched by us

    Base
    $258,682
    Bonus
    $31,533
    Other
    $17,870
    Deferred
    $138,352
    Nontaxable benefits
    $29,784
    Filer's total
    $476,221

  • Michael Haney

    VP OF ENGINEERING & OPERATIONS

    Total calculated
    $337,102
    From this org
    $232,258
    From related orgs
    $0
    Other
    $104,844
    Hours/week
    21.3 + 19.2 related

    Schedule J breakdown matched by us

    Base
    $220,376
    Bonus
    $283
    Other
    $11,599
    Deferred
    $85,231
    Nontaxable benefits
    $19,613
    Filer's total
    $337,102

  • Clinton Meier

    VP OF ENGINEERING & OPERATIONS

    Total calculated
    $397,929
    From this org
    $208,868
    From related orgs
    $0
    Other
    $189,061
    Hours/week
    21.5 + 23.3 related

    Schedule J breakdown matched by us

    Base
    $199,914
    Bonus
    $695
    Other
    $8,259
    Deferred
    $160,477
    Nontaxable benefits
    $28,584
    Filer's total
    $397,929

  • Anita Wendt

    VP OF ENERGY SERVICES

    Total calculated
    $292,798
    From this org
    $192,783
    From related orgs
    $0
    Other
    $100,015
    Hours/week
    27.4 + 14 related

    Schedule J breakdown matched by us

    Base
    $186,004
    Bonus
    $280
    Other
    $6,499
    Deferred
    $78,729
    Nontaxable benefits
    $21,286
    Filer's total
    $292,798

  • Ross Riley

    MANAGER OF ENGINEER & OPERATIONS

    Total calculated
    $350,038
    From this org
    $192,870
    From related orgs
    $0
    Other
    $157,168
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $185,210
    Bonus
    $280
    Other
    $7,380
    Deferred
    $127,072
    Nontaxable benefits
    $30,096
    Filer's total
    $350,038

  • Sherry Easton

    ACCOUNTING MANAGER

    Total calculated
    $255,308
    From this org
    $180,885
    From related orgs
    $0
    Other
    $74,423
    Hours/week
    22.5 + 21.3 related

    Schedule J breakdown matched by us

    Base
    $174,400
    Bonus
    $280
    Other
    $6,205
    Deferred
    $52,050
    Nontaxable benefits
    $22,373
    Filer's total
    $255,308

  • Neal Mangels

    OPERATIONS SUPERVISOR

    Total calculated
    $305,589
    From this org
    $171,608
    From related orgs
    $0
    Other
    $133,981
    Hours/week
    46.1

    Schedule J breakdown matched by us

    Base
    $163,933
    Bonus
    $306
    Other
    $7,369
    Deferred
    $105,397
    Nontaxable benefits
    $28,584
    Filer's total
    $305,589

  • Melissa Morales

    MANAGER OF HUMAN RESOURCES

    Total calculated
    $225,754
    From this org
    $156,782
    From related orgs
    $0
    Other
    $68,972
    Hours/week
    30.9 + 9.6 related

    Schedule J breakdown matched by us

    Base
    $150,584
    Bonus
    $732
    Other
    $5,466
    Deferred
    $39,188
    Nontaxable benefits
    $29,784
    Filer's total
    $225,754

  • Abel Diaz

    CREW FOREMAN

    Total calculated
    $218,689
    From this org
    $153,028
    From related orgs
    $0
    Other
    $65,661
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $150,362
    Bonus
    $306
    Other
    $2,360
    Deferred
    $36,077
    Nontaxable benefits
    $29,584
    Filer's total
    $218,689

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 2023, S. EPPERSON, L. CAMPBELL AND C. SCOTT PARTICIPATED IN 457(F) PLANS AND ACCRUED AMOUNTS OF $46,213.97, $25,674.45 AND $12,786.22 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

  • USD 214

    $6,850

    DRYING RACKS FOR ELEMENTARY ART ($500), LIBRARY UPGRADES ($5,000), BUCKET DRUMMING CARDIO ($1,000), AFTER PROM AND CROSS COUNTRY DONATION ($350)

  • SOUTHWEST FRIENDS OF THE ARTS

    $5,500

    EQUIPMENT FOR TECH PROPERTIES PROJECT

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.

  • PIONEER ELECTRIC AREA ROUNDUP INC

    501(C)(3) · BETTERING THE QUALITY OF LIFE OF AREA CITIZENS · KS · controlled entity

    Directly controlled by PIONEER ELECTRIC COOPERATIVE INC

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 $3,342,475 · share of assets $187,089,897 · controlled entity

    Directly controlled by PIONEER ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202402829349301240

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