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Nonprofiteer
← SUMNER COWLEY ELECTRIC COOP INC

Form 990 for tax year 2023

Filed by SUMNER COWLEY ELECTRIC COOP INC.

Totals

Total revenue
$12,660,028
Total expenses
$12,660,028
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,531,675
Investment income
$62,753
Other revenue
$65,600
Total assets, end of year
$37,315,478
Total liabilities, end of year
$13,391,133
Net assets or fund balances, end of year
$23,924,345
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: Sale of Electricity

    total $12,250,326 · related or exempt $12,250,326

  • 2b · Program service revenue: Capital Credits

    total $146,695 · related or exempt $146,695

  • 2c · Program service revenue: Miscellaneous

    total $134,654 · related or exempt $134,654

  • 3 · Investment income

    total $62,753 · excluded $62,753

  • 6a · Gross rents

    personal property $13,574

  • 6c · Rental income or loss

    personal property $13,574

  • 6d · Net rental income or loss

    total $13,574 · excluded $13,574

  • 11a · Other revenue: Non-Operating

    total $52,026 · related or exempt $52,026

  • 11e · Other revenue, total

    $52,026

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $689,828

  • 5 · Compensation of officers, directors and key employees

    total $529,927

  • 7 · Other salaries and wages

    total $132,644

  • 20 · Interest

    total $493,382

  • 22 · Depreciation, depletion and amortization

    total $1,289,286

  • 24a · Other expenses: Cost of Power

    total $6,173,010 · program services $6,173,010

  • 24b · Other expenses: Distribution Expense

    total $1,872,530 · program services $1,872,530

  • 24c · Other expenses: Admin & General

    total $1,021,813 · program services $1,021,813

  • 24d · Other expenses: Member Services

    total $449,954 · program services $449,954

  • 24e · All other expenses

    total $7,654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,588,228 · end of year $2,774,549

  • 4 · Accounts receivable

    beginning of year $1,264,808 · end of year $799,310

  • 8 · Inventories for sale or use

    beginning of year $492,134 · end of year $464,862

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,548 · end of year $34,388

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

    $35,633,635

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

    $7,565,453

  • 10c · Land, buildings and equipment, net

    beginning of year $27,735,340 · end of year $28,068,182

  • 13 · Investments: program-related

    beginning of year $5,164,421 · end of year $5,174,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,120,445 · end of year $848,598

  • 19 · Deferred revenue

    beginning of year $28,635 · end of year $322,545

  • 23 · Secured mortgages and notes payable

    beginning of year $10,842,588 · end of year $11,585,455

  • 25 · Other liabilities

    beginning of year $524,602 · end of year $634,535

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,596,182 · end of year $2,762,697

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,190,027 · end of year $21,161,648

Mission and programs · 2023

Mission

To provide reliable energy and related services to our members at the lowest cost.

  • Sumner-Cowley Electric Cooperative, Inc. proudly serves 3,675 members with 1,876 miles of line in rural communities of Sumner, Cowley, Harper, Sedgwick, Butler and Kingman counties.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Coni Adams

    CEO

    Total calculated
    $312,783
    From this org
    $187,894
    From related orgs
    $0
    Other
    $124,889
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,894
    Bonus
    not reported
    Other
    not reported
    Deferred
    $109,584
    Nontaxable benefits
    $15,305
    Filer's total
    $312,783

  • Stacy Wiley

    Director of Finance

    Total calculated
    $159,243
    From this org
    $109,866
    From related orgs
    $0
    Other
    $49,377
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $109,866
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,502
    Nontaxable benefits
    $18,875
    Filer's total
    $159,243

  • Jordan Creed

    Director of Operations

    Total calculated
    $132,644
    From this org
    $109,846
    From related orgs
    $0
    Other
    $22,798
    Hours/week
    45

  • Jim McMullin

    Director

    Total calculated
    $12,429
    From this org
    $12,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Keith Leddy

    Director

    Total calculated
    $10,425
    From this org
    $10,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Schon

    Director

    Total calculated
    $9,329
    From this org
    $9,329
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gabe Schlickau

    Director

    Total calculated
    $8,174
    From this org
    $8,174
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeff Swanson

    Executive Dir

    Total calculated
    $6,498
    From this org
    $6,498
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Craig Knudsen

    Director

    Total calculated
    $5,788
    From this org
    $5,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Beard

    Director

    Total calculated
    $5,257
    From this org
    $5,257
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202442989349301539

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