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Nonprofiteer
← M J M ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by M J M ELECTRIC COOPERATIVE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 24 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$22,406,705
Total expenses
$22,406,705
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,215,668
Investment income
$38,763
Other revenue
$152,274
Total assets, end of year
$62,951,279
Total liabilities, end of year
$31,934,308
Net assets or fund balances, end of year
$31,016,971
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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: Sale of Electricity

    total $21,655,563 · related or exempt $21,655,563 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Capital Credits

    total $377,396 · related or exempt $377,396 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Penalties and Fees

    total $182,709 · related or exempt $182,709 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

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

  • 2e · Program service revenue

    total $0 · related or exempt $0 · 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 $38,763 · related or exempt $0 · unrelated business $0 · excluded $0

  • 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

    $77,972

  • 10b · Cost of goods sold

    $52,467

  • 10c · Net income from sales of inventory

    total $25,505 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Miscellaneous

    total $126,769 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

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

  • 11c · Other revenue

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

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $126,769

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $1,849,795 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $356,749 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,217,346 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,044,416 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Cost of Power

    total $12,353,133 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Distribution-Maintenance

    total $1,576,627 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Distribution-Operations

    total $1,547,773 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Admin & General

    total $896,702 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $564,164 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,398 · end of year $250,274

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,535,491 · end of year $1,978,448

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $642,195 · end of year $909,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $781,132 · end of year $530,546

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

    $72,701,668

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

    $21,925,958

  • 10c · Land, buildings and equipment, net

    beginning of year $48,358,668 · end of year $50,775,710

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $7,702,228 · end of year $7,950,974

  • 13 · Investments: program-related

    beginning of year $905,947 · end of year $556,127

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,213,346 · end of year $1,512,675

  • 18 · Grants payable

    beginning of year $1,202,743 · end of year $1,199,186

  • 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 $26,364,748 · end of year $28,094,225

  • 24 · Unsecured notes and loans payable

    beginning of year $800,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,228,776 · end of year $1,128,222

  • 29 · Capital stock, trust principal or current funds

    beginning of year $29,223,446 · end of year $31,016,971

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

To provide reliable energy and related services to our members at the lowest cost.

  • MJM Electric is located in west-central Illinois. The Cooperative's main territory stretches from western Jersey County bordered by the Illinois River across Macoupin County to Eastern Montgomery County. They also service parts of neighboring Bond Fayette Greene and Madison Counties.

As filed on the 2022 return.

Listed in Part VII

  • Randy Joe Heyen

    President CEO

    Total calculated
    $210,345
    From this org
    $123,303
    From related orgs
    $0
    Other
    $87,042
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $123,303
    Bonus
    $0
    Other
    $0
    Deferred
    $62,335
    Nontaxable benefits
    $24,707
    Filer's total
    $210,345

  • Jeremy Pattillo

    Director of Fiannce

    Total calculated
    $114,929
    From this org
    $84,533
    From related orgs
    $0
    Other
    $30,396
    Hours/week
    43

  • Dale Gansz

    Line Foreman

    Total calculated
    $191,510
    From this org
    $131,913
    From related orgs
    $0
    Other
    $59,597
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $131,913
    Bonus
    $0
    Other
    $0
    Deferred
    $39,866
    Nontaxable benefits
    $19,731
    Filer's total
    $191,510

  • Charles Lucykow

    Area Utility Leader

    Total calculated
    $183,278
    From this org
    $132,456
    From related orgs
    $0
    Other
    $50,822
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $132,456
    Bonus
    $0
    Other
    $0
    Deferred
    $31,508
    Nontaxable benefits
    $19,314
    Filer's total
    $183,278

  • Adam Crowe

    Line Foreman

    Total calculated
    $181,372
    From this org
    $133,138
    From related orgs
    $0
    Other
    $48,234
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $133,138
    Bonus
    $0
    Other
    $0
    Deferred
    $28,628
    Nontaxable benefits
    $19,606
    Filer's total
    $181,372

  • John Halder

    Line Foreman

    Total calculated
    $180,582
    From this org
    $109,197
    From related orgs
    $0
    Other
    $71,385
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $109,197
    Bonus
    $0
    Other
    $0
    Deferred
    $49,432
    Nontaxable benefits
    $21,953
    Filer's total
    $180,582

  • Peter Evans

    Line Foreman

    Total calculated
    $179,087
    From this org
    $110,131
    From related orgs
    $0
    Other
    $68,956
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $110,131
    Bonus
    $0
    Other
    $0
    Deferred
    $54,118
    Nontaxable benefits
    $14,838
    Filer's total
    $179,087

  • W Kay Schultz

    Board Chairman

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Huebener

    Vice Chairman

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Robert Moore

    Treasurer

    Total calculated
    $3,025
    From this org
    $3,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marcie Tonsor

    Secretary

    Total calculated
    $3,475
    From this org
    $3,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James Niemann

    Director

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dwayne Milner

    Director

    Total calculated
    $3,050
    From this org
    $3,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robert Lehmann

    Director

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Tyler Heyen

    Director

    Total calculated
    $2,575
    From this org
    $2,575
    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 · 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
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349312329

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