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Nonprofiteer
← INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2022

Filed by INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$63,855,241
Total expenses
$60,202,063
Contributions and grants received
$0
Grants paid
$10,500
Program service revenue
$63,026,032
Investment income
$198,043
Other revenue
$631,166
Total assets, end of year
$175,726,427
Total liabilities, end of year
$98,348,735
Net assets or fund balances, end of year
$77,377,692
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$60,191,563

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 $62,971,600 · related or exempt $62,971,600

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $1,054,432 · related or exempt $1,054,432

  • 2c · Program service revenue: LESS REVENUE DEFERRED

    total -$1,000,000 · related or exempt -$1,000,000

  • 3 · Investment income

    total $232,861 · excluded $232,861

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

    other assets $34,818

  • 7c · Gain or loss

    other assets -$34,818

  • 7d · Net gain or loss

    total -$34,818 · related or exempt -$34,818

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $356,127 · related or exempt $356,127

  • 11b · Other revenue: RENT FROM ELECTRIC PROPERTY

    total $275,039 · related or exempt $275,039

  • 11e · Other revenue, total

    $631,166

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,500

  • 5 · Compensation of officers, directors and key employees

    total $1,327,018

  • 7 · Other salaries and wages

    total $4,639,171

  • 8 · Pension plan contributions

    total $3,609,998

  • 9 · Other employee benefits

    total $2,937,927

  • 10 · Payroll taxes

    total $721,556

  • 11b · Fees: legal

    total $81,365

  • 11c · Fees: accounting

    total $42,274

  • 11g · Fees: other

    total $181,461

  • 12 · Advertising and promotion

    total $320,868

  • 13 · Office expenses

    total $581,977

  • 14 · Information technology

    total $215,759

  • 16 · Occupancy

    total $254,253

  • 17 · Travel

    total $58,082

  • 19 · Conferences, conventions and meetings

    total $26,493

  • 20 · Interest

    total $1,654,835

  • 22 · Depreciation, depletion and amortization

    total $5,256,270

  • 24a · Other expenses: PURCHASED POWER

    total $30,930,803

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $5,845,172

  • 24c · Other expenses: DISTRIBUTIONS OPERATION

    total $1,244,916

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $110,166

  • 24e · All other expenses

    total $151,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,204,351 · end of year $3,438,859

  • 2 · Savings and temporary cash investments

    beginning of year $238 · end of year $240

  • 4 · Accounts receivable

    beginning of year $5,679,990 · end of year $7,044,180

  • 7 · Other notes and loans receivable

    beginning of year $147,053 · end of year $120,242

  • 8 · Inventories for sale or use

    beginning of year $2,029,434 · end of year $3,315,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,377,925 · end of year $3,633,078

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

    $198,035,519

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

    $62,949,272

  • 10c · Land, buildings and equipment, net

    beginning of year $129,906,707 · end of year $135,086,247

  • 12 · Investments: other securities

    beginning of year $19,117,358 · end of year $18,247,684

  • 15 · Other assets

    beginning of year $5,308,705 · end of year $4,840,337

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,493,450 · end of year $8,794,401

  • 19 · Deferred revenue

    beginning of year $2,576,199 · end of year $3,651,511

  • 23 · Secured mortgages and notes payable

    beginning of year $51,237,273 · end of year $57,969,513

  • 25 · Other liabilities

    beginning of year $46,445,723 · end of year $27,933,310

  • 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 $58,019,116 · end of year $77,377,692

Mission and programs · 2022

Mission

SALE OF ELECTRICY AND RELATED SERVICES TO MEMBERS OF THE COOPERATIVE

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE

  • PROVIDE DEPENDABLE ELECTRIC SERVICE TO APPROXIMATELY 24,000 RESIDENTIAL, FARM, AND COMMERCIAL MEMBERS IN ALL OR PART OF DENT, PHELPS, TEXAS, CRAWFORD, GASCONADE, LACLEDE, MARIES, PULASKI, SHANNON, AND WRIGHT COUNTIES, AS WELL AS PROVIDE EDUCATION RELATED TO ELECTRICAL SAFETY AND ENERGY EFFICIENCIES.

    Expenses $60,191,563 · Grants $10,500 · Revenue $63,622,380

As filed on the 2022 return.

Listed in Part VII

  • Samuel Auxier

    VICE PRESIDENT

    Total calculated
    $36,102
    From this org
    $36,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • James Swindell

    BOARD MEMBER

    Total calculated
    $30,102
    From this org
    $30,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Smith

    BOARD MEMBER

    Total calculated
    $23,153
    From this org
    $23,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doyle Bradford

    BOARD MEMBER

    Total calculated
    $25,403
    From this org
    $25,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Tom Fleener

    SECRETARY/TREASURER

    Total calculated
    $26,003
    From this org
    $26,003
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Matthew Duncan

    PRESIDENT

    Total calculated
    $42,636
    From this org
    $33,777
    From related orgs
    $8,859
    Other
    $0
    Hours/week
    13

  • Angela Mallery

    BOARD MEMBER

    Total calculated
    $30,552
    From this org
    $30,552
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Regina Zervos

    BOARD MEMBER

    Total calculated
    $12,755
    From this org
    $12,755
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Manier

    BOARD MEMBER

    Total calculated
    $13,655
    From this org
    $13,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles D Lane

    CEO

    Total calculated
    $344,390
    From this org
    $202,597
    From related orgs
    $0
    Other
    $141,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,597
    Bonus
    $0
    Other
    $0
    Deferred
    $123,440
    Nontaxable benefits
    $18,353
    Filer's total
    $344,390

  • Charles Hicks

    FMR DIRECTOR OF OPERATIONS

    Total calculated
    $178,341
    From this org
    $126,259
    From related orgs
    $0
    Other
    $52,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,259
    Bonus
    $0
    Other
    $0
    Deferred
    $27,231
    Nontaxable benefits
    $24,851
    Filer's total
    $178,341

  • Sarah Akers

    DIRECTOR OF FINANCE AND AC

    Total calculated
    $171,814
    From this org
    $129,090
    From related orgs
    $0
    Other
    $42,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,090
    Bonus
    $0
    Other
    $0
    Deferred
    $17,873
    Nontaxable benefits
    $24,851
    Filer's total
    $171,814

  • Troy Hunt

    DISTRICT SUPERINTENDENT

    Total calculated
    $164,998
    From this org
    $116,970
    From related orgs
    $0
    Other
    $48,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,970
    Bonus
    $0
    Other
    $0
    Deferred
    $29,675
    Nontaxable benefits
    $18,353
    Filer's total
    $164,998

  • Brandon Schmitt

    BUCKET TRUCK OPERATOR

    Total calculated
    $152,593
    From this org
    $115,086
    From related orgs
    $0
    Other
    $37,507
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,086
    Bonus
    $0
    Other
    $0
    Deferred
    $12,655
    Nontaxable benefits
    $24,852
    Filer's total
    $152,593

  • Billy L Cordsmeyer

    DIRECTOR OF OPERATIONS

    Total calculated
    $140,637
    From this org
    $111,354
    From related orgs
    $0
    Other
    $29,283
    Hours/week
    40

  • James White

    FORMER BOARD MEMBER

    Total calculated
    $19,383
    From this org
    $11,876
    From related orgs
    $7,507
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $11,876 + $7,507 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,876 + $7,507 related

  • Richard Ichord III

    FORMER BOARD MEMBER

    Total calculated
    $12,476
    From this org
    $12,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $12,476
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $12,476

  • Brian Nelson

    DIRECTOR OF ENGINEERING

    Total calculated
    $249,694
    From this org
    $131,069
    From related orgs
    $0
    Other
    $118,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,069
    Bonus
    $0
    Other
    $0
    Deferred
    $107,919
    Nontaxable benefits
    $10,706
    Filer's total
    $249,694

  • Larry Rinehart

    CONSTRUCTION FOREMAN

    Total calculated
    $255,046
    From this org
    $138,739
    From related orgs
    $0
    Other
    $116,307
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $138,739
    Bonus
    $0
    Other
    $0
    Deferred
    $91,455
    Nontaxable benefits
    $24,852
    Filer's total
    $255,046

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

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.

  • INTERCOUNTY MARKETING AND SERVICES

    C · MARKETING · MO · 100% owned · share of income $23,274 · share of assets $116,766

  • INTERCOUNTY TELE-TECH LLC

    C · COMMUNICATIONS · MO · 100% owned · share of income -$8,650 · share of assets $380,834

  • INTERCONNECT LLC

    C · INTERNET · MO · 100% owned · share of income $84,167 · share of assets $366,967

Provenance

Return type
form_990
Tax year
2022
Filed
22 June 2023
IRS schema version
2022v5.0
Source object
202341799349300524

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