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Nonprofiteer
← SUMNER COWLEY ELECTRIC COOP INC

Form 990 for tax year 2022

Filed by SUMNER COWLEY ELECTRIC COOP INC.

Totals

Total revenue
$13,376,007
Total expenses
$13,376,007
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,288,468
Investment income
$40,492
Other revenue
$47,047
Total assets, end of year
$36,302,479
Total liabilities, end of year
$12,516,270
Net assets or fund balances, end of year
$23,786,209
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 $13,039,610 · related or exempt $13,039,610

  • 2b · Program service revenue: MISC ELECTTRIC

    total $134,055 · related or exempt $134,055

  • 2c · Program service revenue: CAPITAL CREDITS

    total $114,803 · related or exempt $114,803

  • 3 · Investment income

    total $40,492 · excluded $40,492

  • 6a · Gross rents

    personal property $15,898

  • 6c · Rental income or loss

    personal property $15,898

  • 6d · Net rental income or loss

    total $15,898 · excluded $15,898

  • 11a · Other revenue: OTHER NON-OPERATING

    total $31,149 · related or exempt $31,149

  • 11e · Other revenue, total

    $31,149

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $785,278

  • 5 · Compensation of officers, directors and key employees

    total $547,654

  • 7 · Other salaries and wages

    total $205,832

  • 20 · Interest

    total $500,071

  • 22 · Depreciation, depletion and amortization

    total $1,256,646

  • 24a · Other expenses: COST OF POWER

    total $7,057,768

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,736,797

  • 24c · Other expenses: ADMIN & GENERAL

    total $883,105

  • 24d · Other expenses: MEMBER SERVICES

    total $402,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,117,908 · end of year $1,588,228

  • 4 · Accounts receivable

    beginning of year $1,097,324 · end of year $1,264,808

  • 8 · Inventories for sale or use

    beginning of year $305,012 · end of year $492,134

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,530 · end of year $57,548

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

    $34,610,213

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

    $6,874,873

  • 10c · Land, buildings and equipment, net

    beginning of year $27,767,445 · end of year $27,735,340

  • 13 · Investments: program-related

    beginning of year $5,182,167 · end of year $5,164,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,011,335 · end of year $1,120,445

  • 19 · Deferred revenue

    beginning of year $53,688 · end of year $28,635

  • 23 · Secured mortgages and notes payable

    beginning of year $10,602,566 · end of year $10,842,588

  • 25 · Other liabilities

    beginning of year $504,144 · end of year $524,602

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,465,754 · end of year $2,596,182

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,949,899 · end of year $21,190,027

Mission and programs · 2022

Mission

SUMNER-COWLEY ELECTRIC COOPERATIVE, GUIDED BY COOPERATIVE PRINCIPLES, PLEDGES TO CONTINUE BUILDING ON ITS HERITAGE OF PROVIDING RELIABLE ENERGY SERVICES WITH AN EYE ON FUTURE TECHNOLOGIES.

Activities or mission (Part I)

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

  • SUMNER-COWLEY ELECTRIC COOPERATIVE, INC. PROUDLY SERVES 4,540 MEMBERS WITH 1,876 MILES OF LINE IN RURAL COMMUNITIES OF SUMNER, COWLEY, HARPER, SEDGWICK AND KINGMAN COUNTIES.

As filed on the 2022 return.

Listed in Part VII

  • Coni Adams

    CEO

    Total calculated
    $339,365
    From this org
    $180,366
    From related orgs
    $0
    Other
    $158,999
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,366
    Bonus
    not reported
    Other
    not reported
    Deferred
    $144,557
    Nontaxable benefits
    $14,442
    Filer's total
    $339,365

  • Richard Mitchell

    DIR OF OPERA

    Total calculated
    $205,832
    From this org
    $122,599
    From related orgs
    $0
    Other
    $83,233
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $122,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    $69,406
    Nontaxable benefits
    $13,827
    Filer's total
    $205,832

  • Stacy Wiley

    DIRECTOR OF

    Total calculated
    $153,790
    From this org
    $100,604
    From related orgs
    $0
    Other
    $53,186
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $100,604
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,638
    Nontaxable benefits
    $17,548
    Filer's total
    $153,790

  • Keith Leddy

    DIRECTOR

    Total calculated
    $10,973
    From this org
    $10,973
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jim McMullin

    DIRECTOR

    Total calculated
    $9,225
    From this org
    $9,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gabe Schickau

    DIRECTOR

    Total calculated
    $8,917
    From this org
    $8,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeff Swanson

    EXECUTIVE DI

    Total calculated
    $7,571
    From this org
    $7,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Schon

    DIRECTOR

    Total calculated
    $7,308
    From this org
    $7,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Beard

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Craig Knudsen

    DIRECTOR

    Total calculated
    $4,335
    From this org
    $4,335
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Whittington

    DIRECTOR

    Total calculated
    $1,370
    From this org
    $1,370
    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
2022
Filed
13 September 2023
IRS schema version
2022v5.0
Source object
202322589349300237

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