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Nonprofiteer
← SEDGWICK COUNTY ELECTRIC COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2022

Filed by SEDGWICK COUNTY ELECTRIC COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$21,051,720
Total expenses
$21,051,720
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,979,312
Investment income
$71,856
Other revenue
$552
Total assets, end of year
$36,525,309
Total liabilities, end of year
$15,086,784
Net assets or fund balances, end of year
$21,438,525
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: SALES OF ELECTRICITY

    total $20,719,902 · related or exempt $20,719,902

  • 2b · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $145,214 · related or exempt $145,214

  • 2c · Program service revenue: MISCELLANEOUS ELECTRIC

    total $114,196 · related or exempt $114,196

  • 3 · Investment income

    total $69,636 · excluded $69,636

  • 7a · Gross sales of assets other than inventory

    other assets $2,220

  • 7c · Gain or loss

    other assets $2,220

  • 7d · Net gain or loss

    total $2,220 · related or exempt $2,220

  • 11a · Other revenue: MISC NON-OPERATING

    total $552 · related or exempt $552

  • 11e · Other revenue, total

    $552

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,006,858

  • 5 · Compensation of officers, directors and key employees

    total $489,831

  • 7 · Other salaries and wages

    total $783,484

  • 20 · Interest

    total $512,204

  • 22 · Depreciation, depletion and amortization

    total $1,259,932

  • 24a · Other expenses: COST OF POWER

    total $13,697,205

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,255,289

  • 24c · Other expenses: ADMIN & GENERAL

    total $669,616

  • 24d · Other expenses: MEMBER SERVICES

    total $377,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547 · end of year $3,224

  • 2 · Savings and temporary cash investments

    beginning of year $211,840 · end of year $129,660

  • 4 · Accounts receivable

    beginning of year $2,045,973 · end of year $1,999,521

  • 8 · Inventories for sale or use

    beginning of year $710,825 · end of year $1,818,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,733,531 · end of year $3,497,194

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

    $38,862,006

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

    $17,187,060

  • 10c · Land, buildings and equipment, net

    beginning of year $21,338,319 · end of year $21,674,946

  • 13 · Investments: program-related

    beginning of year $6,665,264 · end of year $6,793,224

  • 15 · Other assets

    beginning of year $767,410 · end of year $609,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,712,480 · end of year $1,852,559

  • 23 · Secured mortgages and notes payable

    beginning of year $13,942,185 · end of year $12,317,633

  • 25 · Other liabilities

    beginning of year $801,633 · end of year $916,592

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,017,411 · end of year $21,438,525

Mission and programs · 2022

Mission

WE ARE COMMITTED TO PROVIDING SAFE, RELIABLE, INNOVATIVE ENERGY SOLUTIONS FOR YOU, OUR MEMBERS.

Activities or mission (Part I)

PROVIDE ELECTRIC SERVICE, ON A COOPERATIVE BASIS, TO APPROXIMATELY 6,468 MEMBERS LOCATED IN MOSTLY RURAL AREAS THROUGH 7,745 SERVICES.

  • PROVIDE ELECTRIC SERVICE, ON A COOPERATIVE BASIS, TO APPROXIMATELY 6,468 MEMBERS LOCATED IN MOSTLY RURAL AREAS THROUGH 7,745 SERVICES.

As filed on the 2022 return.

Listed in Part VII

  • Scott Ayres

    GENERAL MANA

    Total calculated
    $407,711
    From this org
    $198,058
    From related orgs
    $0
    Other
    $209,653
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $194,808
    Bonus
    not reported
    Other
    $3,250
    Deferred
    $190,035
    Nontaxable benefits
    $19,618
    Filer's total
    $407,711

  • Kyle Pipkin

    LINE SUPERVI

    Total calculated
    $175,326
    From this org
    $111,407
    From related orgs
    $0
    Other
    $63,919
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $110,864
    Bonus
    not reported
    Other
    $543
    Deferred
    $51,033
    Nontaxable benefits
    $12,886
    Filer's total
    $175,326

  • Andrew Riggs

    FOREMAN

    Total calculated
    $166,868
    From this org
    $112,373
    From related orgs
    $0
    Other
    $54,495
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $111,947
    Bonus
    not reported
    Other
    $426
    Deferred
    $34,877
    Nontaxable benefits
    $19,618
    Filer's total
    $166,868

  • Markus Hansen

    FOREMAN

    Total calculated
    $159,324
    From this org
    $115,747
    From related orgs
    $0
    Other
    $43,577
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $115,351
    Bonus
    not reported
    Other
    $396
    Deferred
    $23,959
    Nontaxable benefits
    $19,618
    Filer's total
    $159,324

  • Tommy Hill

    JOURNEYMAN L

    Total calculated
    $145,250
    From this org
    $109,150
    From related orgs
    $0
    Other
    $36,100
    Hours/week
    44

  • Chris Fair

    JOURNEYMAN

    Total calculated
    $136,716
    From this org
    $108,284
    From related orgs
    $0
    Other
    $28,432
    Hours/week
    44

  • Donald P Metzen

    TRUSTEE

    Total calculated
    $20,321
    From this org
    $8,775
    From related orgs
    $11,546
    Other
    $0
    Hours/week
    7 + 3 related

  • Eugene J Scheer

    TRUSTEE

    Total calculated
    $13,045
    From this org
    $13,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Margie Conyac

    SECRETARY/TR

    Total calculated
    $10,430
    From this org
    $10,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Cindy Foster

    VICE PRESIDE

    Total calculated
    $9,765
    From this org
    $9,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Stan Theis

    TRUSTEE

    Total calculated
    $9,735
    From this org
    $9,735
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Rex A Smith

    TRUSTEE

    Total calculated
    $9,440
    From this org
    $9,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Joseph J Baalmann

    TRUSTEE

    Total calculated
    $9,410
    From this org
    $9,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Clint Devore

    PRESIDENT

    Total calculated
    $6,440
    From this org
    $6,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Alan J Smarsh

    TRUSTEE

    Total calculated
    $5,080
    From this org
    $5,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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 · Independent compensation consultant
  • 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
18 October 2023
IRS schema version
2022v5.0
Source object
202322939349301147

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