2023-06-29T13:31:38-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610447602 GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION GRAY 6064745136 109 BAGBY PARK GRAYSON KY 41143 BRADLEY CHERRY PRESIDENT & CEO 6064745136 2023-06-16 1 BRADLEY CHERRY 999009999 1 TRAVIS C FRICK P01728213 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRADLEY CHERRY 109 BAGBY PARK GRAYSON KY 41143 43062397 0 X WWW.GRAYSONRECC.COM X 1950 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,504 CUSTOMERS PER MONTH. 5 5 47 0 0 0 641100 0 32659961 41376300 42410 78195 907320 1607902 34250791 43062397 10000 10000 3613397 4603146 6250207 6299669 0 0 0 24377187 32149582 34250791 43062397 0 0 91917122 94665552 58067782 56391292 33849340 38274260 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,504 CUSTOMERS PER MONTH. 0 0 43062397 42392318 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,504 CUSTOMERS PER MONTH. 43062397 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 47 1 0 0 0 0 0 0 0 42392318 670079 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X SHERRY BUCKLER MGR OF FINANCE 6064745136 109 BAGBY PARK GRAYSON KY 41143 JIM BENTLEY VICE CHAIRMAN 1.81 X X 11600 0 0 DANNY MABRY DIRECTOR 2.19 X 10200 0 0 HAROLD DUPUY CHAIRMAN 2.58 X X 11800 0 0 JIMMY WHITT DIRECTOR 3.27 X 13600 0 0 KAYLA WEBB SECRETARY/TREASURER 3.23 X X 12600 0 0 BRADLEY CHERRY PRESIDENT/CEO 40.00 X 186713 0 0 BRIAN POLING MGR OF TECH SERVICES 40.00 X 167858 0 0 KYLE CLEVENGER MGR OF OPERATIONS 40.00 X 163867 0 0 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 40.00 X 160777 0 0 MICHAEL L MARTIN ASST. MGR. OF OPERATIONS 40.00 X 159638 0 0 RICHARD EASTON FORMER LEADMAN 40.00 X 150180 0 0 1048833 0 0 6 1 1 0 0 PROVIDE ELECTRIC SERVICE 221000 41373528 41373528 OTHER ELECTRIC SERVICES 221000 2772 2772 41376300 78195 78195 G&T CAPITAL CREDITS 221000 859764 859764 JOINT USE RENTS 221000 596884 596884 PATRONAGE CAP CREDITS 221000 156254 156254 -5000 -5000 1607902 43062397 42392318 0 670079 10000 10000 4603146 4603146 414912 414912 3026224 3026224 938911 938911 1672950 1672950 246672 246672 23457 23457 16400 16400 152384 152384 1050938 1050938 3967063 3967063 COST OF POWER 26278263 26278263 DISTRIBUTION - MAINTENA 3244254 3244254 DISTRIBUTION - OPERATIO 1475019 1475019 CONSUMER ACCOUNTS 1157716 1157716 -5215912 -5215912 43062397 43062397 0 0 146185 271280 3139000 9412000 9416076 6057082 523658 1144677 73467 76090 89474238 31759276 58725308 57714962 19187857 19515623 705571 473838 91917122 94665552 2772968 3453044 48548102 45959871 6746712 6978377 58067782 56391292 X 158575 159590 -347283 -52697 34038048 38167367 33849340 38274260 91917122 94665552 X 0 4424920 X 0 0 1 1 89474238 31759276 57714962 57714962 PROGRAM RELATED INVESTMENTS 19515623 F 19515623 CUSTOMER DEPOSITS 2095814 CONSUMER ADVANCES FOR CONSTRUCTION 646008 ACCUMULATED POSTRETIREMENT BENEFITS 3648540 OTHER CURRENT AND ACCRUED LIABILITIES 588015 6978377 0 SCHOLARSHIPS 10 10000 X X 0 0 0 BRADLEY CHERRY PRESIDENT/CEO 126791 0 0 0 59922 0 0 0 0 0 186713 0 0 0 BRIAN POLING MGR OF TECH SERVICES 112099 0 0 0 55759 0 0 0 0 0 167858 0 0 0 KYLE CLEVENGER MGR OF OPERATIONS 108622 0 0 0 55245 0 0 0 0 0 163867 0 0 0 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 115138 0 0 0 45639 0 0 0 0 0 160777 0 0 0 MICHAEL L MARTIN ASST. MGR. OF OPERATIONS 105819 0 0 0 53819 0 0 0 0 0 159638 0 0 0 RICHARD EASTON FORMER LEADMAN 104401 0 0 0 45779 0 0 0 0 0 150180 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT A MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH A PETITION SIGNED BY 200 OR MORE QUALIFIED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE OF THE MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990, AND REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR KEY EMPLOYEES AND OTHER EMPLOYEES USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. MAJORITY OF COMPENSATION IS NEGOTIATED THROUGH A UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 COPY OF ARTICLES OF INCORPORATION AND BYLAWS ARE GIVEN TO EACH NEW MEMBER. FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN MAGAZINE DISTRIBUTED TO EACH MEMBER. MEETING OF MEMBERS IS HELD ON AN ANNUAL BASIS. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -24,264. MARGINS ALLOCATED TO MEMBERS 4,603,146. MEMBERSHIPS ISSUED, NET 1,015. REFUNDS OF CAPITAL CREDITS -196,088. OTHER EQUITIES 41,111. FORM 990, PART IX, LINE 4 FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.