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Nonprofiteer
← MENARD ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by MENARD ELECTRIC COOPERATIVE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 23 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$31,796,337
Total expenses
$31,796,337
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,732,485
Investment income
$64,572
Other revenue
-$720
Total assets, end of year
$79,932,930
Total liabilities, end of year
$46,760,631
Net assets or fund balances, end of year
$33,172,299
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: ELECTRIC REVENUE

    total $30,324,796 · related or exempt $30,324,796

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,231,283 · related or exempt $1,231,283

  • 2c · Program service revenue: OTHER MISC REVENUE

    total $149,832 · related or exempt $149,832

  • 2d · Program service revenue: POLE RENTALS

    total $25,854 · related or exempt $25,854

  • 2e · Program service revenue: SOLAR ENERGY MARKETING

    total $720 · related or exempt $720

  • 3 · Investment income

    total $45,138 · excluded $45,138

  • 7a · Gross sales of assets other than inventory

    other assets $19,434

  • 7c · Gain or loss

    other assets $19,434

  • 7d · Net gain or loss

    total $19,434 · related or exempt $19,434

  • 11a · Other revenue: OTHER REVENUE

    total -$720 · related or exempt -$720

  • 11e · Other revenue, total

    -$720

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,968,911

  • 5 · Compensation of officers, directors and key employees

    total $569,587

  • 6 · Compensation of disqualified persons

    total $47,492

  • 7 · Other salaries and wages

    total $1,026,330

  • 20 · Interest

    total $1,249,935

  • 22 · Depreciation, depletion and amortization

    total $2,469,524

  • 24a · Other expenses: PURCHASED POWER

    total $18,579,272

  • 24b · Other expenses: DISTRIB OPERATION/MAINT

    total $4,665,473

  • 24c · Other expenses: GENERAL & ADMINISTRATION

    total $673,880

  • 24d · Other expenses: MEMBER SERVICE

    total $511,950

  • 24e · All other expenses

    total $33,983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,154 · end of year $1,154

  • 2 · Savings and temporary cash investments

    beginning of year $713,786 · end of year $831,286

  • 4 · Accounts receivable

    beginning of year $2,475,540 · end of year $2,732,674

  • 8 · Inventories for sale or use

    beginning of year $726,425 · end of year $1,471,362

  • 9 · Prepaid expenses and deferred charges

    beginning of year $222,228 · end of year $203,395

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

    $84,032,313

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

    $25,129,442

  • 10c · Land, buildings and equipment, net

    beginning of year $56,137,183 · end of year $58,902,871

  • 13 · Investments: program-related

    beginning of year $15,356,682 · end of year $15,790,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,962,145 · end of year $3,860,136

  • 19 · Deferred revenue

    beginning of year $781,420 · end of year $929,744

  • 23 · Secured mortgages and notes payable

    beginning of year $35,021,388 · end of year $40,989,949

  • 24 · Unsecured notes and loans payable

    beginning of year $2,591,887 · end of year $373,181

  • 25 · Other liabilities

    beginning of year $829,582 · end of year $607,621

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $3,302,506 · end of year $3,318,870

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,144,070 · end of year $29,853,429

Mission and programs · 2022

Mission

TO PROVIDE RELIABLE ELECTRIC SERVICE AT A REASONABLE COST WITH CONCERN FOR THE SAFETY AND WELL-BEING OF THE MEMBERS, THE EMPLOYEES, AND THE COMMUNITIES OF THE COOPERATIVE.

  • PROVIDE ELECTRIC SERVICES TO OVER 11,000 MEMBERS IN 8 COUNTIES IN CENTRAL ILLINOIS.

As filed on the 2022 return.

Listed in Part VII

  • Alisha Anker

    GENERAL MANA

    Total calculated
    $363,169
    From this org
    $245,420
    From related orgs
    $0
    Other
    $117,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,420
    Bonus
    not reported
    Other
    not reported
    Deferred
    $108,403
    Nontaxable benefits
    $9,346
    Filer's total
    $363,169

  • Patricia Michaels

    DIR OF MEMBE

    Total calculated
    $255,966
    From this org
    $158,445
    From related orgs
    $0
    Other
    $97,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,445
    Bonus
    not reported
    Other
    not reported
    Deferred
    $97,405
    Nontaxable benefits
    $116
    Filer's total
    $255,966

  • Brady Smith

    MGR OF ENGIN

    Total calculated
    $201,633
    From this org
    $143,399
    From related orgs
    $0
    Other
    $58,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,399
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,060
    Nontaxable benefits
    $22,174
    Filer's total
    $201,633

  • Dalton Whitley

    DIR OF OPERA

    Total calculated
    $196,281
    From this org
    $140,460
    From related orgs
    $0
    Other
    $55,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,460
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,065
    Nontaxable benefits
    $21,756
    Filer's total
    $196,281

  • Brandon Blair

    CREW LEADER

    Total calculated
    $192,123
    From this org
    $134,471
    From related orgs
    $0
    Other
    $57,652
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $134,471
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,501
    Nontaxable benefits
    $22,151
    Filer's total
    $192,123

  • Robert Hanner

    AREA SERVICE

    Total calculated
    $180,327
    From this org
    $134,484
    From related orgs
    $0
    Other
    $45,843
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $134,484
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,337
    Nontaxable benefits
    $506
    Filer's total
    $180,327

  • Julie Atwater

    DIR ACCTG &

    Total calculated
    $135,681
    From this org
    $105,333
    From related orgs
    $0
    Other
    $30,348
    Hours/week
    40

  • Warren D Goetsch

    DIRECTOR

    Total calculated
    $11,920
    From this org
    $11,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

  • Michael E Patrick

    DIRECTOR

    Total calculated
    $10,558
    From this org
    $10,558
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.4

  • Dennis M Ryan

    DIRECTOR

    Total calculated
    $9,174
    From this org
    $9,174
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Donald E McMillan

    DIRECTOR

    Total calculated
    $9,037
    From this org
    $9,037
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • D Jay Frye

    DIRECTOR

    Total calculated
    $7,606
    From this org
    $7,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Gary L Martin

    DIRECTOR

    Total calculated
    $7,331
    From this org
    $7,331
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Steve Worner

    DIRECTOR

    Total calculated
    $5,639
    From this org
    $5,639
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Jodine L Tate

    DIRECTOR

    Total calculated
    $5,165
    From this org
    $5,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Gary Holloway

    DIRECTOR

    Total calculated
    $4,307
    From this org
    $4,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A
DISCRETIONARY SPENDING ACCOUNT MANAGER ANKER RECEIVES 750 PER MONTH CAR ALLOWANCE UNDER A NON-ACCOUNTABLE PLAN, AS AGREED UPON HER CONTRACT. THIS AMOUNT IS TREATED AS TAXABLE COMPENSATION.
SCHEDULE J, PAGE 1, PART I, LINE 4
ALISHA ANKER 0 20,500 0

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
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202302759349300520

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