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Nonprofiteer
← EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2023

Filed by EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$46,695,240
Total expenses
$45,310,686
Contributions and grants received
$0
Grants paid
$15,000
Program service revenue
$45,263,891
Investment income
$51,216
Other revenue
$1,380,133
Total assets, end of year
$109,048,722
Total liabilities, end of year
$52,533,619
Net assets or fund balances, end of year
$56,515,103
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$43,030,180

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 $44,983,121 · related or exempt $44,983,121 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other sales

    total $280,770 · related or exempt $280,770 · 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 $51,216 · related or exempt $0 · unrelated business $0 · excluded $51,216

  • 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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

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

    total $1,127,334 · related or exempt $1,127,334 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other Capital Credits

    total $221,930 · related or exempt $221,930 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Other Income

    total $30,869 · related or exempt $30,869 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,380,133

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000

  • 4 · Benefits paid to or for members

    total $2,280,506

  • 5 · Compensation of officers, directors and key employees

    total $774,544

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,408,560

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,382,113

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,998

  • 11c · Fees: accounting

    total $18,150

  • 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 $52,219

  • 13 · Office expenses

    total $106,960

  • 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 $40,793

  • 20 · Interest

    total $1,750,743

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,503,367

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Cost of power

    total $27,600,894

  • 24b · Other expenses: Distribution maintenance

    total $2,091,678

  • 24c · Other expenses: Admin & general

    total $2,057,918

  • 24d · Other expenses: Distribution operations

    total $200,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,283,695 · end of year $1,182,947

  • 4 · Accounts receivable

    beginning of year $5,189,438 · end of year $4,979,846

  • 7 · Other notes and loans receivable

    beginning of year $2,353,917 · end of year $2,016,116

  • 8 · Inventories for sale or use

    beginning of year $1,352,112 · end of year $1,599,638

  • 9 · Prepaid expenses and deferred charges

    beginning of year $448,433 · end of year $370,023

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

    $111,637,456

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

    $41,403,897

  • 10c · Land, buildings and equipment, net

    beginning of year $69,421,682 · end of year $70,233,559

  • 13 · Investments: program-related

    beginning of year $27,399,010 · end of year $28,657,710

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,519,627 · end of year $4,182,892

  • 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 $39,178,211 · end of year $37,857,817

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,296,037 · end of year $10,492,910

  • 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 $53,456,670 · end of year $56,508,478

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

EECA's mission is 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 $43,030,180 · Revenue $46,695,240

As filed on the 2023 return.

Listed in Part VII

  • Michael S Hermetz

    Executive Vice President/General Manager

    Total calculated
    $489,203
    From this org
    $288,653
    From related orgs
    $0
    Other
    $200,550
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $287,999
    Bonus
    $0
    Other
    $654
    Deferred
    $150,101
    Nontaxable benefits
    $50,449
    Filer's total
    $489,203

  • Brad Austin

    Engineering Manager

    Total calculated
    $271,712
    From this org
    $144,464
    From related orgs
    $0
    Other
    $127,248
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,464
    Bonus
    $0
    Other
    $0
    Deferred
    $79,127
    Nontaxable benefits
    $48,121
    Filer's total
    $271,712

  • Jeremy Thies

    Operations Supervisor

    Total calculated
    $239,472
    From this org
    $141,799
    From related orgs
    $0
    Other
    $97,673
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,196
    Bonus
    $0
    Other
    $603
    Deferred
    $50,987
    Nontaxable benefits
    $46,686
    Filer's total
    $239,472

  • Cheryl Bauersachs

    Finance Manager

    Total calculated
    $192,361
    From this org
    $111,511
    From related orgs
    $0
    Other
    $80,850
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $111,511
    Bonus
    $0
    Other
    $0
    Deferred
    $34,385
    Nontaxable benefits
    $46,465
    Filer's total
    $192,361

  • Brooke Guthman

    Member Services Manager

    Total calculated
    $187,628
    From this org
    $137,092
    From related orgs
    $0
    Other
    $50,536
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,092
    Bonus
    $0
    Other
    $0
    Deferred
    $33,169
    Nontaxable benefits
    $17,367
    Filer's total
    $187,628

  • Matt McElroy

    Maintenance Lineman

    Total calculated
    $179,452
    From this org
    $134,960
    From related orgs
    $0
    Other
    $44,492
    Hours/week
    45.71

    Schedule J breakdown matched by us

    Base
    $134,960
    Bonus
    $0
    Other
    $0
    Deferred
    $23,894
    Nontaxable benefits
    $20,598
    Filer's total
    $179,452

  • Cody Lee

    Lineman-Foreman

    Total calculated
    $178,288
    From this org
    $136,584
    From related orgs
    $0
    Other
    $41,704
    Hours/week
    44.68

    Schedule J breakdown matched by us

    Base
    $136,584
    Bonus
    $0
    Other
    $0
    Deferred
    $20,970
    Nontaxable benefits
    $20,734
    Filer's total
    $178,288

  • Kevin Liefer

    Director

    Total calculated
    $20,625
    From this org
    $6,000
    From related orgs
    $0
    Other
    $14,625
    Hours/week
    2.71

  • Paul Hicks

    Director

    Total calculated
    $12,216
    From this org
    $8,100
    From related orgs
    $0
    Other
    $4,116
    Hours/week
    2.79

  • Steve Prest

    Director

    Total calculated
    $11,700
    From this org
    $11,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.68

  • Kenneth Jarrett

    Director

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.12

  • Paul Pyatt

    Director

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.98

  • Randall Campbell

    Director

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Kevin Bame

    Director

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.87

  • Richard Asaturian

    Director

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.64

  • Mary Jo Homan

    Director

    Total calculated
    $3,200
    From this org
    $3,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

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

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202441349349305289

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