Skip to content
Nonprofiteer
← KIAMICHI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by KIAMICHI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$52,089,166
Total expenses
$52,089,166
Contributions and grants received
$0
Grants paid
$6,200
Program service revenue
$51,444,394
Investment income
$148,341
Other revenue
$496,431
Total assets, end of year
$129,638,886
Total liabilities, end of year
$79,283,207
Net assets or fund balances, end of year
$50,355,679
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: RESIDENTIAL

    total $35,236,285 · related or exempt $35,236,285

  • 2b · Program service revenue: SMALL COMMERCIAL

    total $9,308,605 · related or exempt $9,308,605

  • 2c · Program service revenue: INDUSTRIAL

    total $3,598,253 · related or exempt $3,598,253

  • 2d · Program service revenue: CAPITAL CREDITS

    total $2,072,920 · related or exempt $2,072,920

  • 2e · Program service revenue: GROSS RECEIPTS TAX

    total $944,856 · related or exempt $944,856

  • 2f · All other program service revenue

    total $283,475 · related or exempt $283,475

  • 3 · Investment income

    total $39,336 · excluded $39,336

  • 6a · Gross rents

    real property $317,257

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $317,257

  • 6d · Net rental income or loss

    total $317,257 · excluded $317,257

  • 7a · Gross sales of assets other than inventory

    other assets $180,605

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

    other assets $71,600

  • 7c · Gain or loss

    other assets $109,005

  • 7d · Net gain or loss

    total $109,005 · excluded $109,005

  • 11a · Other revenue: WILDBLUE

    total $173,834 · unrelated business $173,834

  • 11b · Other revenue: NONOPERATING REVENUE

    total $5,340 · excluded $5,340

  • 11e · Other revenue, total

    $179,174

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,200

  • 4 · Benefits paid to or for members

    total $2,965,093

  • 5 · Compensation of officers, directors and key employees

    total $688,436

  • 20 · Interest

    total $2,642,807

  • 22 · Depreciation, depletion and amortization

    total $4,085,272

  • 24a · Other expenses: COST OF POWER

    total $28,141,363

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $6,851,100

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $1,953,322

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $1,809,685

  • 24e · All other expenses

    total $2,945,888

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,091 · end of year $114,774

  • 2 · Savings and temporary cash investments

    beginning of year $22,009 · end of year $22,099

  • 4 · Accounts receivable

    beginning of year $6,792,126 · end of year $6,771,645

  • 8 · Inventories for sale or use

    beginning of year $2,077,895 · end of year $2,132,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $423,192 · end of year $429,091

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

    $131,421,199

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

    $34,630,311

  • 10c · Land, buildings and equipment, net

    beginning of year $90,852,714 · end of year $96,790,888

  • 12 · Investments: other securities

    beginning of year $3,470 · end of year $3,470

  • 13 · Investments: program-related

    beginning of year $21,648,900 · end of year $23,366,412

  • 15 · Other assets

    beginning of year $7,691 · end of year $7,691

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,700,794 · end of year $4,266,515

  • 23 · Secured mortgages and notes payable

    beginning of year $48,854,193 · end of year $59,567,367

  • 24 · Unsecured notes and loans payable

    beginning of year $4,638,185 · end of year $795,361

  • 25 · Other liabilities

    beginning of year $15,811,866 · end of year $14,653,964

  • 29 · Capital stock, trust principal or current funds

    beginning of year $86,440 · end of year $87,125

  • 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 $47,897,610 · end of year $50,268,554

Mission and programs · 2023

Mission

IMPROVING LIVES. POWERING OUR COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE.

  • DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Parr

    DIRECTOR

    Total calculated
    $27,988
    From this org
    $27,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    18

  • Mark Ichord

    DIRECTOR

    Total calculated
    $37,080
    From this org
    $37,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    21

  • Ron Pelanconi

    PRESIDENT

    Total calculated
    $49,359
    From this org
    $49,359
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Larry Culwell

    DIRECTOR

    Total calculated
    $31,809
    From this org
    $31,809
    From related orgs
    $0
    Other
    $0
    Hours/week
    28

  • Amy Miller

    SECRETARY/TREASURER

    Total calculated
    $37,950
    From this org
    $37,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • David Ray

    DIRECTOR

    Total calculated
    $38,109
    From this org
    $38,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Russell Shaw

    VICE-PRESIDENT

    Total calculated
    $49,029
    From this org
    $49,029
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Brett Orme

    CEO

    Total calculated
    $395,527
    From this org
    $271,482
    From related orgs
    $0
    Other
    $124,045
    Hours/week
    45.5

    Schedule J breakdown matched by us

    Base
    $268,771
    Bonus
    $0
    Other
    $2,711
    Deferred
    $97,945
    Nontaxable benefits
    $27,155
    Filer's total
    $396,582

  • Crystal Butler

    CFO

    Total calculated
    $214,555
    From this org
    $145,631
    From related orgs
    $0
    Other
    $68,924
    Hours/week
    45.38

    Schedule J breakdown matched by us

    Base
    $145,188
    Bonus
    $0
    Other
    $443
    Deferred
    $36,824
    Nontaxable benefits
    $32,680
    Filer's total
    $215,135

  • Dennis Dolan

    MANAGER OF OPERATIONS

    Total calculated
    $299,656
    From this org
    $138,906
    From related orgs
    $0
    Other
    $160,750
    Hours/week
    54.02

    Schedule J breakdown matched by us

    Base
    $137,771
    Bonus
    $0
    Other
    $1,135
    Deferred
    $140,170
    Nontaxable benefits
    $21,128
    Filer's total
    $300,204

  • Jeremy Shaffer

    AREA MAINTENANCE MAN

    Total calculated
    $187,531
    From this org
    $148,434
    From related orgs
    $0
    Other
    $39,097
    Hours/week
    56.91

    Schedule J breakdown matched by us

    Base
    $148,321
    Bonus
    $0
    Other
    $113
    Deferred
    $6,271
    Nontaxable benefits
    $33,146
    Filer's total
    $187,851

  • Brandon Doyle

    CONSTRUCTION FOREMAN

    Total calculated
    $166,500
    From this org
    $149,214
    From related orgs
    $0
    Other
    $17,286
    Hours/week
    56.11

    Schedule J breakdown matched by us

    Base
    $149,126
    Bonus
    $0
    Other
    $88
    Deferred
    $4,592
    Nontaxable benefits
    $13,023
    Filer's total
    $166,829

  • Brian Sawyer

    AREA MAINTENANCE MAN

    Total calculated
    $174,341
    From this org
    $128,905
    From related orgs
    $0
    Other
    $45,436
    Hours/week
    51.73

    Schedule J breakdown matched by us

    Base
    $128,765
    Bonus
    $0
    Other
    $140
    Deferred
    $11,824
    Nontaxable benefits
    $33,933
    Filer's total
    $174,662

  • William Shrock

    AREA MAINTENANCE MAN

    Total calculated
    $169,167
    From this org
    $129,130
    From related orgs
    $0
    Other
    $40,037
    Hours/week
    51.6

    Schedule J breakdown matched by us

    Base
    $129,019
    Bonus
    $0
    Other
    $111
    Deferred
    $7,937
    Nontaxable benefits
    $32,420
    Filer's total
    $169,487

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

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C
COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGES IN ACTUARIAL VALUE ARE AS FOLLOWS: - BRETT ORME $92,695 - CRYSTAL BUTLER $33,946 - DENNIS DOLAN $137,458 - JEREMY SHAFFER $4,484 - BRANDON DOYLE $2,740 - BRIAN SAWYER $10,029 - WILLIAM SHROCK $6,143 THE ACTUAL EXPENSES TO THE COOPERATIVE ARE AS FOLLOWS: - BRETT ORME $56,966 - CRYSTAL BUTLER $31,270 - DENNIS DOLAN $29,447 - JEREMY SHAFFER $17,094 - BRANDON DOYLE $17,673 - BRIAN SAWYER $17,094 - WILLIAM SHROCK $17,094

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202443169349303119

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.