2023-11-14T08:34:19-07:00 2023-06-30 990 2022-07-01 610305525 PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION PENN 2708862555 PO BOX 2900 HOPKINSVILLE KY 422412900 Sandy Grogan VP Finance & Accounting 2708862555 2023-11-14 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Alan Gates Pennyrile Rural Electric Cooperative Corporation PO Box 2900 Hopkinsville KY 422412900 153031041 0 X www.precc.com X 1937 KY Sale of electricity to members. 8 0 116 0 0 0 0 0 138638165 147590012 732739 2293629 2295707 3147400 141666611 153031041 0 0 0 0 9173326 9608252 0 0 0 126665848 137823037 135839174 147431289 5827437 5599752 272225368 293745572 137706038 153255851 134519330 140489721 Utility Systems Program - Sale of Electricity to Members 0 0 147590012 Utility Systems Programs: Sale of Electricity to Members 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 116 1 0 0 0 0 0 149883641 0 0 0 0 X 8 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Sandy Grogan VP Finance Accounting 2708862555 2000 HARRISON ST PO Box 2900 Hopkinsville KY 42240 Alan Gates President/CEO 65 0 X 337721 0 54181 Robert C Standard Line Foreman 91 0 X 232462 0 27639 Sandy Grogan Vice President Finance & Accounting 60 0 X 158416 0 27330 Brent Gilkey Vice President Member Services & Communication 60 0 X 151876 0 26964 William Stokes VP Operations 60 0 X 141199 0 26394 Mark Giltner Vice President Human Resources 60 0 X 135541 0 25363 Philip Adler Lineman 59.75 0 X 137865 0 19382 James Futrell Board Member 8.04 0 X 22951 0 0 George Fox Chairman 6.04 0 X 20201 0 0 Bates Payne Jr Board Member 5.42 0 X 19101 0 0 Bryson Price Board Member 5.37 0 X 18826 0 0 Robert Allen Vice Chairman 5.04 0 X 18276 0 0 Joe E Rogers Secretary-Treasurer 4.50 0 X 17294 0 0 Duane Moore Assistant Secretary-Treasurer 3.83 0 X 16351 0 0 James W Lear Board Member 4.52 0 X 15616 0 0 1443696 0 207253 35 0 1 0 FIBERRISE COMMUNICATIONS INC 12060 COUNTRY LINE RD SUITE J-239 MADISON AL 35756 FIBER CONTRACTORS 18341840 A AND G TREE SERVICE 207 SOUTH ENGLISH ST LEITCHFIELD KY 42754 RIGHT OF WAY 5422084 FIVE STAR ELECTRIC LLC 14201 CALIBER DRIVE SUITE 300 OKLAHOMA CITY OK 73134 FIBER 4193216 DAVIS ELLIOT COMPANY INC PO BOX 37251 BALTIMORE MD 21297 LINE CONSTR. CONTRACTORS 2745030 BEAVER TREE SERVICE 170 DAVIS FARM RD PEMBROKE KY 42266 RIGHT OF WAY 1221047 13 0 SALE OF ELECTRICITY 221122 147590012 147590012 0 0 0 0 0 0 147590012 2293629 2293629 0 0 0 0 0 0 0 0 0 0 0 3042285 0 0 0 3042285 3042285 3042285 0 0 0 0 JOBBING 221122 44177 44177 0 0 OTHER 221122 60938 0 0 60938 0 0 0 0 105115 153031041 152970103 0 60938 0 0 0 0 856460 0 5658645 1377056 1257465 458626 0 58524 38985 0 0 0 0 149910 576141 360877 0 4828993 150835 0 24449 3601468 0 10502996 487888 PURCHASED POWER 106946066 SCHOOL & PROPERTY TAXES 5879568 RIGHT OF WAY EXPENSES 4175792 UNCOLLECTIBLE ACCOUNTS 40545 147431289 0 0 0 234774 184224 54695463 45860329 0 0 12572827 14043341 0 0 0 0 1394380 1521519 10296583 13505228 5289250 3557880 334202431 122496575 184050147 211705856 0 0 2085919 2109592 0 0 0 0 1606025 1257603 272225368 293745572 33056409 35313967 0 0 0 0 0 0 0 0 0 0 100834171 114207194 0 0 3815458 3734690 137706038 153255851 X 1213070 1252381 4770986 4770986 128535274 134466354 134519330 140489721 272225368 293745572 X 5599752 0 0 0 0 370639 X 1 1 1 0 3554326 0 3554326 11892326 0 3627593 8264733 0 0 0 0 318755779 0 118868982 199886797 0 0 0 0 211705856 0 POST RETIREMENT BENEFITS 2201260 ENERGY SERVICE LOANS 1533430 3734690 X X 0 0 0 Alan Gates President/CEO 337721 0 0 0 0 0 38728 0 15454 0 391903 0 0 0 Robert C Standard Line Foreman 232462 0 0 0 0 0 12186 0 15454 0 260102 0 0 0 Sandy Grogan Vice President Finance & Accounting 158416 0 0 0 0 0 11876 0 15454 0 185746 0 0 0 Brent Gilkey Vice President Member Services & Communication 151876 0 0 0 0 0 11510 0 15454 0 178840 0 0 0 Form 990, Part VI, Section A, Line 6 COOP IS MEMBER BASED AND CONSISTS OF 50,208 TOTAL MEMBERS. Form 990, Part VI, Section A, Line 7a COOP MEMBERS ARE SENT BALLOTS EACH ANNUAL MEETING TO ELECT BOARD MEMBERS FOR THEIR TERM. DIRECTORS ARE ELECTED FOR THREE YEAR TERMS. Form 990, Part VI, Section B, Line 11b THE ACCOUNTING DEPARTMENT PREPARES FORM 990 AND REVIEWS WITH CEO AND VP FINANCE AND ACCOUNTING. FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c POLICY PROVIDED TO EMPLOYEES IN A POLICY MANUAL AND INDEPENDENT AUDITORS MAIL A QUESTIONNAIRE CONTAINING QUESTIONS PERTAINING TO CONFLICT OF INTEREST AS WELL AS FRAUDULENT OR ANY OTHER INAPPROPRIATE ACTIVITIES WITHIN THE COMPANY TO A RANDOM SELECTION OF EMPLOYEES WHICH INCLUDE MANAGEMENT AND BOARD OF DIRECTORS. PRESIDENT/CEO, MANAGEMENT TEAM, AND BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CODE MANAGEMENT ETHICS DOCUMENT. Form 990, Part VI, Section B, Line 15 PRESIDENT/CEO AND TOP MANAGEMENT OFFICIALS COMPENSATION PROCESS USES NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION COMPENSATION PROGRAM WHICH USES MARKET DATA FOR COMPARABLE POSITIONS. THE REVIEW APPROVAL IS PERFORMED BY THE BOARD OF DIRECTORS FOR THE PRESIDENT/CEO AND BY THE PRESIDENT/CEO FOR OTHER TOP MANAGEMENT OFFICIALS. HUMAN RESOURCE REVIEWS AND IMPLEMENTS THE COMPENSATION. EACH YEAR THIS PROCESS IS COMPLETED AND MOST CURRENT YEAR WAS 2023. Form 990, Part VI, Section C, Line 19 ALL DOCUMENTS ARE HOUSED AT THE COOPERATIVE OFFICE AND MADE AVAILABLE AT THE ANNUAL MEETING. Form 990, Part XI, Line 9 YEAR END ADJUSTMENT TO COMPREHENSIVE INCOME ($331,321) AND CHANGE IN MEMBERSHIPS ($39,311) FOR A TOTAL OF $370,632.