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Nonprofiteer
← SAC OSAGE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by SAC OSAGE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$21,540,532
Total expenses
$21,540,532
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,922,498
Investment income
$125,709
Other revenue
$492,325
Total assets, end of year
$94,359,404
Total liabilities, end of year
$66,545,083
Net assets or fund balances, end of year
$27,814,321
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 $19,830,685 · related or exempt $19,830,685

  • 2b · Program service revenue: CAPITAL CREDITS

    total $734,834 · related or exempt $734,834

  • 2c · Program service revenue: MISCELLANEOUS ELECTRIC

    total $183,808 · related or exempt $183,808

  • 2d · Program service revenue: FIBER REVENUE SHARE

    total $173,171 · related or exempt $173,171

  • 3 · Investment income

    total $77,039 · excluded $77,039

  • 6a · Gross rents

    personal property $485,832

  • 6c · Rental income or loss

    personal property $485,832

  • 6d · Net rental income or loss

    total $485,832 · unrelated business $426,499 · excluded $59,333

  • 7a · Gross sales of assets other than inventory

    other assets $65,670

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

    other assets $17,000

  • 7c · Gain or loss

    other assets $48,670

  • 7d · Net gain or loss

    total $48,670 · related or exempt $48,670

  • 11a · Other revenue: BROADBAND GRANT REVENUE

    total $6,906 · related or exempt $6,906

  • 11b · Other revenue: MISC NON OPERATING

    total -$413 · related or exempt -$413

  • 11e · Other revenue, total

    $6,493

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,503,336

  • 5 · Compensation of officers, directors and key employees

    total $295,275

  • 7 · Other salaries and wages

    total $812,080

  • 20 · Interest

    total $1,292,486

  • 22 · Depreciation, depletion and amortization

    total $1,885,869

  • 24a · Other expenses: COST OF POWER

    total $9,946,610

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,871,146

  • 24c · Other expenses: ADMIN & GENERAL

    total $1,281,639

  • 24d · Other expenses: MEMBER SERVICES

    total $652,091

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,400,898 · end of year $5,306,692

  • 2 · Savings and temporary cash investments

    beginning of year $971,665 · end of year $356,810

  • 4 · Accounts receivable

    beginning of year $998,876 · end of year $1,378,564

  • 8 · Inventories for sale or use

    beginning of year $814,421 · end of year $3,226,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $360,730 · end of year $267,675

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

    $90,960,406

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

    $18,783,791

  • 10c · Land, buildings and equipment, net

    beginning of year $46,168,951 · end of year $72,176,615

  • 13 · Investments: program-related

    beginning of year $10,692,607 · end of year $11,646,728

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,743,416 · end of year $7,041,956

  • 19 · Deferred revenue

    beginning of year $400,686 · end of year $1,457,910

  • 23 · Secured mortgages and notes payable

    beginning of year $31,606,702 · end of year $57,619,660

  • 25 · Other liabilities

    beginning of year $470,350 · end of year $425,557

  • 29 · Capital stock, trust principal or current funds

    beginning of year $44,400 · end of year $44,915

  • 31 · Retained earnings, endowment or other funds

    beginning of year $27,142,594 · end of year $27,769,406

Mission and programs · 2022

Mission

TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEEST COST.

Activities or mission (Part I)

TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEST COST.

  • SAC-OSAGE ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 9,000 MEMBERS ON A SYSTEM THAT INCLUDES MORE THAN 2,400 MILES OF LINES AND 11,600 METERS.

As filed on the 2022 return.

Listed in Part VII

  • Ronald Simmons

    CREW FOREMAN

    Total calculated
    $201,820
    From this org
    $106,030
    From related orgs
    $0
    Other
    $95,790
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $106,030
    Bonus
    not reported
    Other
    not reported
    Deferred
    $68,569
    Nontaxable benefits
    $27,221
    Filer's total
    $201,820

  • Josh Berning

    SENIOR LINEM

    Total calculated
    $168,540
    From this org
    $100,914
    From related orgs
    $0
    Other
    $67,626
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $100,914
    Bonus
    not reported
    Other
    not reported
    Deferred
    $48,065
    Nontaxable benefits
    $19,561
    Filer's total
    $168,540

  • Kelly Eck

    JOURNEYMAN L

    Total calculated
    $163,592
    From this org
    $108,010
    From related orgs
    $0
    Other
    $55,582
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $108,010
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,361
    Nontaxable benefits
    $27,221
    Filer's total
    $163,592

  • Tysen Sayler

    JOURNEYMAN L

    Total calculated
    $147,249
    From this org
    $105,097
    From related orgs
    $0
    Other
    $42,152
    Hours/week
    47

  • Kelly McPeak

    FINANCE & AD

    Total calculated
    $146,946
    From this org
    $92,667
    From related orgs
    $0
    Other
    $54,279
    Hours/week
    40

  • Garrett Mays

    JOURNEYMAN L

    Total calculated
    $130,879
    From this org
    $102,070
    From related orgs
    $0
    Other
    $28,809
    Hours/week
    46

  • Aaron Ash

    GENERAL MANA

    Total calculated
    $116,453
    From this org
    $68,094
    From related orgs
    $0
    Other
    $48,359
    Hours/week
    40

  • Timothy Minehardt

    EXECUTIVE DI

    Total calculated
    $6,120
    From this org
    $6,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ronald Brockus

    DIRECTOR

    Total calculated
    $3,758
    From this org
    $3,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ken Hacker

    DIRECTOR

    Total calculated
    $3,720
    From this org
    $3,720
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brian Hubbard

    DIRECTOR

    Total calculated
    $3,670
    From this org
    $3,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $3,660
    Bonus
    not reported
    Other
    $10
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,670

  • Raymond Huesemann

    DIRECTOR

    Total calculated
    $3,362
    From this org
    $3,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gary Ashby

    DIRECTOR

    Total calculated
    $3,320
    From this org
    $3,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • George Underwood

    DIRECTOR

    Total calculated
    $3,258
    From this org
    $3,258
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John J Murray

    DIRECTOR

    Total calculated
    $2,554
    From this org
    $2,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Frederick Woodrell

    DIRECTOR

    Total calculated
    $2,114
    From this org
    $2,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Maranda Spangler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOEC TECHNOLOGIES LLC

    FIBER OPTI · MO · income -$265 · assets $62,208

    Directly controlled by SAC-OSAGE

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323069349302282

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