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Nonprofiteer
← EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2024

Filed by EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$47,587,414
Total expenses
$48,193,994
Contributions and grants received
$0
Grants paid
$15,000
Program service revenue
$46,225,323
Investment income
$59,707
Other revenue
$1,302,384
Total assets, end of year
$110,807,345
Total liabilities, end of year
$52,572,577
Net assets or fund balances, end of year
$58,234,768
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$44,528,935

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Electric sales

    total $45,767,376 · related or exempt $45,767,376 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other Sales

    total $457,947 · related or exempt $457,947 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $59,707 · related or exempt $0 · unrelated business $0 · excluded $59,707

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: G & T Capital Credits

    total $1,111,188 · related or exempt $1,111,188 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other Capital Credits

    total $157,198 · related or exempt $157,198 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Other Income

    total $33,998 · related or exempt $33,998 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,302,384

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000

  • 2 · Grants to domestic individuals

    total $10,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $3,665,059

  • 5 · Compensation of officers, directors and key employees

    total $858,158

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,659,599

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,533,418

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $35,853

  • 11c · Fees: accounting

    total $15,310

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $49,406

  • 13 · Office expenses

    total $114,517

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $38,088

  • 20 · Interest

    total $1,633,090

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,180,991

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Cost of Power

    total $28,296,666

  • 24b · Other expenses: Distribution Maintenance

    total $1,993,607

  • 24c · Other expenses: Admin & General

    total $1,962,238

  • 24d · Other expenses: Distribution Operations

    total $142,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,182,947 · end of year $1,288,371

  • 4 · Accounts receivable

    beginning of year $4,979,846 · end of year $4,845,799

  • 7 · Other notes and loans receivable

    beginning of year $2,016,116 · end of year $1,678,316

  • 8 · Inventories for sale or use

    beginning of year $1,599,638 · end of year $1,670,196

  • 9 · Prepaid expenses and deferred charges

    beginning of year $370,023 · end of year $366,938

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

    $116,258,468

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

    $45,159,987

  • 10c · Land, buildings and equipment, net

    beginning of year $70,233,559 · end of year $71,098,481

  • 13 · Investments: program-related

    beginning of year $28,657,710 · end of year $29,850,361

  • 15 · Other assets

    beginning of year $8,883 · end of year $8,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,182,892 · end of year $4,098,036

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $37,857,817 · end of year $37,750,619

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,492,910 · end of year $10,723,922

  • 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 $6,625 · end of year $6,625

  • 31 · Retained earnings, endowment or other funds

    beginning of year $56,508,478 · end of year $58,228,143

Mission and programs · 2024

Mission

To provide electric services to approximately 15,000 members/owners in a ten county area of Southern Illinois since its founding in 1938.

  • Egyptian Electric Cooperative Association is an electric distribution cooperative whose primary mission is to provide reliable and cost effective electric service to approximately 15,000 member/owners in Southern Illinois. The revenue generated from the sale of electricity to its members is used primarily to purchase wholesale power from Southern Illinois Power Cooperative, a generation and transmission cooperative, and to provide the necessary distribution and general plant facilities to distribute that electricity to its members and maintain those facilities and service support systems.

    Expenses $44,528,935 · Revenue $47,587,414

As filed on the 2024 return.

Listed in Part VII

  • Michael S Hermetz

    Executive Vice President/General Manager

    Total calculated
    $550,252
    From this org
    $335,112
    From related orgs
    $0
    Other
    $215,140
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $335,112
    Bonus
    $0
    Other
    $645
    Deferred
    $167,758
    Nontaxable benefits
    $47,382
    Filer's total
    $550,897

  • Brad Austin

    Engineering Manager

    Total calculated
    $285,924
    From this org
    $157,894
    From related orgs
    $0
    Other
    $128,030
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,894
    Bonus
    $0
    Other
    $0
    Deferred
    $84,156
    Nontaxable benefits
    $43,874
    Filer's total
    $285,924

  • Jeremy Thies

    Operations Supervisor

    Total calculated
    $230,929
    From this org
    $144,187
    From related orgs
    $0
    Other
    $86,742
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,187
    Bonus
    $0
    Other
    $588
    Deferred
    $43,129
    Nontaxable benefits
    $43,613
    Filer's total
    $231,517

  • Cheryl Bauersachs

    Finance Manager

    Total calculated
    $228,790
    From this org
    $145,211
    From related orgs
    $0
    Other
    $83,579
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,211
    Bonus
    $0
    Other
    $0
    Deferred
    $41,731
    Nontaxable benefits
    $41,848
    Filer's total
    $228,790

  • Brooke Guthman

    Member Services Manager

    Total calculated
    $209,770
    From this org
    $155,202
    From related orgs
    $0
    Other
    $54,568
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,202
    Bonus
    $0
    Other
    $0
    Deferred
    $45,936
    Nontaxable benefits
    $8,632
    Filer's total
    $209,770

  • Andrew Ahner

    Maintenance Lineman

    Total calculated
    $206,698
    From this org
    $149,799
    From related orgs
    $0
    Other
    $56,899
    Hours/week
    47.13

    Schedule J breakdown matched by us

    Base
    $149,799
    Bonus
    $0
    Other
    $0
    Deferred
    $34,992
    Nontaxable benefits
    $21,907
    Filer's total
    $206,698

  • Tyler Atchison

    Journeyman Lineman

    Total calculated
    $184,842
    From this org
    $146,320
    From related orgs
    $0
    Other
    $38,522
    Hours/week
    46.34

    Schedule J breakdown matched by us

    Base
    $146,320
    Bonus
    $0
    Other
    $0
    Deferred
    $17,282
    Nontaxable benefits
    $21,240
    Filer's total
    $184,842

  • Kevin Liefer

    Director

    Total calculated
    $14,892
    From this org
    $6,900
    From related orgs
    $0
    Other
    $7,992
    Hours/week
    3.31

  • Paul Hicks

    Director

    Total calculated
    $11,016
    From this org
    $6,900
    From related orgs
    $0
    Other
    $4,116
    Hours/week
    2.44

  • Kenneth Jarrett

    Director

    Total calculated
    $9,300
    From this org
    $9,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.58

  • Steve Prest

    Director

    Total calculated
    $8,700
    From this org
    $8,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.83

  • Paul Pyatt

    Director

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.71

  • Randall Campbell

    Director

    Total calculated
    $6,900
    From this org
    $6,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.59

  • Kevin Bame

    Director

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.25

  • Richard Asaturian

    Director

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.76

  • Mary Jo Homan

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

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

None.

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
6 May 2025
IRS schema version
2024v5.0
Source object
202521339349304737

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