2023-10-17T18:40:17-05:00 2022-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 480493444 PIONEER ELECTRIC COOPERATIVE INC PION 6203564111 1850 W OKLAHOMA ULYSSES KS 67880 LINDSAY CAMPBELL INTERIM CEO 6203564111 2023-10-17 1 LINDSAY CAMPBELL 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2023-09-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSAY CAMPBELL 1850 W OKLAHOMA ULYSSES KS 67880 104240910 0 X WWW.PIONEERELECTRIC.COOP X 1944 KS SALE OF ELECTRICITY TO MEMBERS 9 0 81 0 2871755 0 0 0 92298322 95436995 1008320 691260 10754603 8041028 104061245 104169283 84673 85990 9254080 7261014 10587054 10027864 0 0 0 76413456 81757889 96339263 99132757 7721982 5036526 284468248 294228852 86181202 84015011 198287046 210213841 TO BE THE DYNAMIC REGIONAL PROVIDER OF SAFE, RELIABLE ENERGY PRODUCTS AND SERVICES, WORKING TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND CUSTOMERS. 0 0 DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC COMPANY, A WHOLLY OWNED SUBSIDIARY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 388 0 1 81 1 1 1 0 0 0 0 91803770 11631590 0 0 0 X 9 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHANTRY C SCOTT 6203564111 1850 W OKLAHOMA ULYSSES KS 67880 MARTIE FLOYD PRESIDENT 2.00 0.80 X X 19600 0 0 JOHN R JURY SECRETARY/TREASURER 2.00 0.40 X X 20600 0 0 ALFRED ALEXANDER TRUSTEE 2.00 0.80 X X 19625 0 0 MICHAEL BREWER TRUSTEE 8.00 5.00 X 56800 0 0 JAMES N BELL TRUSTEE 6.00 3.00 X 36600 0 0 JEFF MOYER VICE PRESIDENT 5.00 1.00 X 28600 0 0 FREDERICK L CLAASSEN TRUSTEE (UNTIL 9/22) 2.00 0.90 X 13680 0 0 STEVEN ARNOLD TRUSTEE 2.00 1.00 X 21200 0 0 CHARLES E MILBURN TRUSTEE 2.00 0.90 X 19600 0 0 DAVID LIGHT TRUSTEE 0.90 0.50 X 6400 0 0 STEPHEN EPPERSON CEO 25.20 16.90 X 494399 0 287305 CHANTRY SCOTT CFO 21.70 19.00 X 267582 0 205583 LINDSAY CAMPBELL EXECUTIVE VP & GENERAL COUNSEL 26.20 15.60 X 298989 0 103801 MICHAEL HANEY VP OF ENGINEERING & OPERATIONS 21.20 19.50 X 219026 0 172765 ANITA WENDT VP OF ENERGY SERVICES 29.30 12.90 X 187444 0 119903 CLINTON MEIER OPERATIONS & ENGINEERING MANAGER 5.30 43.30 X 184575 0 228725 ROSS RILEY MANAGER OF ENGINEER & OPERATIONS 41.70 0.00 X 183210 0 157077 SHERRY EASTON ACCOUNTING MANAGER 25.20 25.00 X 174042 0 87959 NEAL MANGELS OPERATIONS MANAGER 45.20 0.00 X 159112 0 155625 ABEL DIAZ CREW FOREMAN 49.10 0.00 X 149228 0 76407 2560312 0 1595150 34 0 1 0 J & J POWERLINE CONTR INC PO BOX 861 DODGE CITY KS 67801 LINE CREW 3074508 NISC PO BOX 1147 MANDAN ND 58554 SOFTWARE MANAGEMENT 368434 SCOTTMADDEN INC PO BOX 935955 ATLANTA GA 31193 PROFESSIONAL SERVICES 247230 OSMOSE UTILITIES SERVICES INC PO BOX 736729 DALLAS TX 75373 POLE TESTING 213470 DWAYNE WEST PO BOX 516 HUGOTON KS 67951 BASEMENT REMODEL 164337 6 SALES OF ELETRICITY 221000 91123614 91123614 CAPITAL CREDITS 900099 4228628 4228628 SERVICE REVENUE 900099 54877 54877 POLE RENTAL INCOME 900099 29876 29876 95436995 586764 586764 119000 14504 104496 104496 104496 48392 57123 -8731 -8731 UNAPPROPROPRIATED SUB EARNINGS 221000 5036526 5036526 MANAGEMENT FEES 900099 2871755 2871755 141478 141478 8049759 104169283 95407119 2871755 5890409 44087 41903 7261014 1398532 4818850 1596546 1731444 482492 56057 68862 254820 28938 156623 113772 127752 24258 3598092 5717065 PURCHASED POWER 66860222 ADMIN & GENERAL EXPENSE 4751428 99132757 1236607 1487705 8677335 9758909 10566 8250 766671 866127 2245136 3193778 9988547 6730920 177657622 53713898 122938843 123943724 138604543 148239439 284468248 294228852 8071509 8239959 76438432 73853205 1671261 1921847 86181202 84015011 X 0 0 0 0 198287046 210213841 198287046 210213841 284468248 294228852 X 5036526 6890269 X 0 1 X 1 0 860535 860535 10891771 4177601 6714170 163987308 49535612 114451696 1918008 685 1917323 123943724 INVEST IN ASSOC ORGS-NONGENERAL FUNDS 929131 C INVEST IN ASSOC ORGS-OTHER GENERAL FUNDS 1676844 C INVEST IN ASSOC ORGS-PATRONAGE CAP 87418089 C INVEST IN ECON DEV PROJECTS 946704 C INVESTMENT IN SUBSIDIARY 46354762 C OTHER INVESTMENTS 1853987 C SPECIAL FUNDS 9059922 C 148239439 DEFERRED CREDITS 733157 CUSTOMER DEPOSITS 1188690 1921847 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). THE STATE OF KANSAS RECOGNIZES THIS EXEMPTION FOR STATE INCOME TAX PURPOSES. SPEC IS RECOGNIZED AS A C CORPORATION FOR INCOME TAXES. SPEC ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE (ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). THE INCOME TAX ACCOUNTING GUIDANCE RESULTS IN TWO COMPONENTS OF INCOME TAX EXPENSE: CURRENT AND DEFERRED. CURRENT INCOME TAX EXPENSE REFLECTS TAXES TO BE PAID OR REFUNDED FOR THE CURRENT PERIOD BY APPLYING THE PROVISIONS OF THE ENACTED TAX LAW TO THE TAXABLE INCOME OR EXCESS OF DEDUCTIONS OVER REVENUES. SPEC DETERMINES DEFERRED INCOME TAXES USING THE LIABILITY (OR BALANCE SHEET) METHOD. UNDER THIS METHOD, THE NET DEFERRED TAX ASSET OR LIABILITY IS BASED ON THE TAX EFFECTS OF THE DIFFERENCES BETWEEN THE BOOK AND TAX BASES OF ASSETS AND LIABILITIES, AND ENACTED CHANGES IN TAX RATES AND LAWS ARE RECOGNIZED IN THE PERIOD IN WHICH THEY OCCUR. DEFERRED INCOME TAX EXPENSE RESULTS FROM CHANGES IN DEFERRED TAX ASSETS AND LIABILITIES BETWEEN PERIODS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE IF, BASED ON THE WEIGHT OF EVIDENCE AVAILABLE, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM "MORE LIKELY THAN NOT" MEANS A LIKELIHOOD OF MORE THAN 50%; THE TERMS "EXAMINED AND "UPON EXAMINATION" ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. 1 STANTON COUNTY COMMUNITY FOUNDATION PO BOX 563 JOHNSON KS 67855 481121689 501(C)(3) 10100 0 MULTI-USE WALKING TRAIL ($10,000), FREEDOM WELLNESS CHALLENGE ($100) USD 217 204 VAN BUREN ROLLA KS 67954 480726263 SCHOOL DISTRICT 5250 0 ROLLA SCHOOL LED LIGHTING ($5,000), AFTER PROM DONATIONS ($100), ELEMENTARY SANTA DAY ($150) 2 0 COLLEGE SCHOLARSHIPS 17 26500 COUNTY FAIRS-DONATIONS TO LIVESTOCK SALES 32 13208 SENIOR MEALS 375 2195 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED FOR THE FIRST SEMESTER ONLY AND ARE PAID DIRECTLY TO THE STUDENTS' CHOICE OF COLLEGE OR SECONDARY EDUCATION. THERE ARE NO ADDITIONAL DOLLARS PROVIDED. YOUTH TOUR DOLLARS ARE PAID DIRECTLY TO THE YOUTH TOUR PROGRAM, NOT TO THE INDIVIDUAL. OTHER ASSISTANCE IS TYPICALLY A ONE-TIME OCCURRENCE AND OF A MINIMAL DOLLAR AMOUNT. 1 X X 0 1 0 STEPHEN EPPERSON CEO 476806 0 8900 0 8693 0 258286 0 29019 0 781704 0 0 0 CHANTRY SCOTT CFO 250134 0 200 0 17248 0 177104 0 28479 0 473165 0 0 0 CLINTON MEIER OPERATIONS & ENGINEERING MANAGER 181380 0 784 0 2411 0 201206 0 27519 0 413300 0 0 0 LINDSAY CAMPBELL EXECUTIVE VP & GENERAL COUNSEL 285870 0 200 0 12919 0 95118 0 8683 0 402790 0 0 0 MICHAEL HANEY VP OF ENGINEERING & OPERATIONS 208481 0 200 0 10345 0 152904 0 19861 0 391791 0 0 0 ROSS RILEY MANAGER OF ENGINEER & OPERATIONS 176514 0 200 0 6496 0 129558 0 27519 0 340287 0 0 0 NEAL MANGELS OPERATIONS MANAGER 156343 0 200 0 2569 0 128106 0 27519 0 314737 0 0 0 ANITA WENDT VP OF ENERGY SERVICES 178120 0 200 0 9124 0 99511 0 20392 0 307347 0 0 0 SHERRY EASTON ACCOUNTING MANAGER 167893 0 200 0 5949 0 67378 0 20581 0 262001 0 0 0 ABEL DIAZ CREW FOREMAN 146445 0 200 0 2583 0 48888 0 27519 0 225635 0 0 0 PART I, LINE 4B IN 2022, S. EPPERSON, L. CAMPBELL AND C. SCOTT PARTICIPATED IN 457(F) PLANS AND ACCRUED AMOUNTS OF $9,807, $5,449 AND -$10,624 RESPECTIVELY. STEPHEN EPPERSON OFFICER COMPUTER PURCHASE X 3154 1027 0 1 1 ANITA WENDT KEY EMPLOYEE COMPUTER PURCHASE X 1682 911 0 1 1 CHANTRY SCOTT OFFICER PAYROLL LAG TRANSITION LOAN X 3000 3000 0 1 1 MIKE HANEY KEY EMPLOYEE PAYROLL LAG TRANSITION LOAN - SALARY ADVANCE X 3312 3312 0 1 1 8250 FORM 990, PART VI, SECTION A, LINE 1A ALL TRUSTEES RECEIVE TOTAL COMPENSATION EXCEEDING $10,000 DURING THE TAX YEAR. ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE INVOLVED IN TRANSACTIONS WITH A RELATED ORGANIZATION, DUE TO THEIR POSITION AS A DIRECTOR FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION FORM 990, PART VI, SECTION A, LINE 2 ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES HAVE A BUSINESS RELATIONSHIP WITH OTHER TRUSTEES, OFFICERS AND KEY EMPLOYEES DUE TO THEIR POSITION EITHER AS A DIRECTOR, OFFICER OR KEY EMPLOYEE FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7A PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. IF THERE IS A VACANCY DURING A BOARD MEMBER'S TERM, THE REMAINING BOARD WILL ELECT A REPLACEMENT TRUSTEE FROM THE VACANT DISTRICT. THIS TRUSTEE WILL HOLD THE POSITION UNTIL THE NEXT ANNUAL MEETING. THE TRUSTEE WILL BE NOMINATED FOR ELECTION TO SERVE THE REMAINDER OF THE TERM. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS MUST BE APPROVED BY THE MEMBERS: 1) CHANGES TO THE BYLAWS 2) SALE OF A SIGNIFICANT PORTION OF ASSETS AND/OR LIQUIDATION 3) CHANGES TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION B, LINE 11B MANAGER OF ACCOUNTING REVIEWS THE 990 ALONG WITH MEMBERS OF MANAGEMENT. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR ANY DISCUSSION OR COMMENT. FORM 990, PART VI, SECTION B, LINE 12C PIONEER ELECTRIC COOPERATIVE, INC. REQUESTS THAT EACH TRUSTEE, OFFICER, KEY EMPLOYEE, AND THE 5 HIGHEST COMPENSATED EMPLOYEES COMPLETE A FORM 990 QUESTIONNAIRE ANNUALLY. CONFLICTS OF INTEREST CAN BE IDENTIFIED AS PART OF THIS QUESTIONNAIRE REVIEW. IF A CONFLICT ARISES, THE CONFLICT IS REPORTED TO THE CEO OR THE ETHICS OFFICER. THE POLICY ALLOWS THE ETHICS OFFICER TO DESIGNATE ANOTHER PERSON TO ANNUALLY REVIEW THE CONFLICT OF INTEREST DISCLOSURE FORMS. WHEN THERE IS A CONFLICT THE PERSON IS EXCUSED FROM THE MEETING. IF THERE IS A BIGGER VIOLATION THEN THEY MAY BE REMOVED FROM THE BOARD. CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD PRESIDENT OR GENERAL COUNSEL IF THE PERSON IS THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, IN ITS ENTIRETY, APPROVES THE CEO (OFFICER), EXECUTIVE VP-ASSISTANT CEO (KEY EMPLOYEE), AND EXECUTIVE VP / GENERAL COUNSEL'S (KEY EMPLOYEE) SALARY. THE NRECA COMPENSATION SURVEY IS USED TO PROVIDE COMPARABLE DATA. THE BOARD DISCUSSES THE SALARIES, AS PROPOSED, WITHOUT THE EMPLOYEES PRESENT. THE BOARD'S APPROVAL OF THE EMPLOYEE'S COMPENSATION IS RECORDED IN THE MINUTES OF THE MEETING. THE WAGES OF ALL OTHER EMPLOYEES, INCLUDING THE CFO, IS BASED UPON A REVIEW OF THE NRECA COMPENSATION SURVEY WITH APPROVAL BY THE CEO. THE BOARD OF TRUSTEES APPROVES THE OVERALL WAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF PIONEER ELECTRIC COOPERATIVE, INC. ARE AVAILABLE UPON REQUEST AT THE COMPANY HEADQUARTERS AT 1850 WEST OKLAHOMA, ULYSSES, KANSAS, 67880, DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CAPITAL CREDIT RETIREMENT -4,514,866. REFUNDS TO ESTATES -171,904. OCI - CHANGE IN DEFINED PENSION PLAN 3,392,710. GAIN ON RETIREMENT 132,931. UNCLAIMED PATRONAGE 790,384. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 7,261,014. PIONEER ELECTRIC AREA ROUNDUP INC 1850 W OKLAHOMA AVE ULYSSES KS 67880 200157161 BETTERING THE QUALITY OF LIFE OF AREA CITIZENS KS 501(C)(3) LINE 7 PEC 1 SOUTHERN PIONEER ELECTRIC COMPANY 1850 W OKLAHOMA ULYSSES KS 67880 203898147 ELECTRICITY SALES KS PEC C 5036526 186422448 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 SOUTHERN PIONEER ELECTRIC COMPANY D 112335214 FMV SOUTHERN PIONEER ELECTRIC COMPANY N 106905 FMV SOUTHERN PIONEER ELECTRIC COMPANY O 2764851 FMV SOUTHERN PIONEER ELECTRIC COMPANY P 195499 FMV SOUTHERN PIONEER ELECTRIC COMPANY Q 1035033 FMV