2023-08-07T16:55:11-04:00 2022-12-31 750767305 AXLEY & RODE LLP PO BOX 1388 LUFKIN TX 759021388 990 2022-01-01 740695563 SAM HOUSTON ELECTRIC COOPERATIVE INC SAMH 9363275711 PO BOX 1121 LIVINGSTON TX 773511121 JOSEPH CONNER CFO 9363275711 2023-08-03 true JOSEPH CONNER 999009999 true MEHGAN IBANEZ CPA P02031962 9366346621 2023-08-03 2022 2023-04-26 12:10:37Z DOUGLAS TURK PO BOX 1121 LIVINGSTON TX 773511121 249325395 false X WWW.SAMHOUSTON.NET X 1939 TX SALES AND SERVICE OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS. 11 11 183 0 0 192569897 248527726 365926 152115 649368 645554 193585191 249325395 0 1640281 2522339 2493775 0 0 180437445 232108837 182959784 236242893 10625407 13082502 521558036 567032406 319414010 350057852 202144026 216974554 SALES AND SERVICES OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS false false SALES AND SERVICE OF ELECTRICAL POWER TO APPROXIMATELY 87,000 ACCOUNTS ON A COOPERATIVE BASIS false false false false false false false true false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false true true false false true 78 0 true 183 true false false false false false 243520151 5805244 false false false X 11 11 false false false false true true true true false false false true true true true true true true true false X JOSEPH CONNER 9363275711 PO BOX 1121 LIVINGSTON TX 77351 X DOUGLAS TURK CEO 59.00 X 385022 0 177533 DAVID BABCOCK - RETIRED ASSISTANT GM 20.00 X 122426 0 13104 KEITH STAPLES CIO 42.00 X 252487 0 137758 RACHEL FREY CCO 41.00 X 138610 0 20129 WALTER STAPLETON - RETIRED CCO 40.00 X 250946 0 36043 JOSEPH CONNER CFO 41.00 X 230880 0 71957 RYAN BROWN ASSISTANT GM 46.00 X 241668 0 75597 SCOTT FERGUSON MANAGER OF O 44.00 X 186963 0 142748 RICKY HARRELL CMS OFFICER 42.00 X 186272 0 111319 TERRY LOWE FOREMAN 65.00 X 182902 0 60484 ROBERT LANTRIP LINEMAN 62.00 X 168565 0 69923 CRAIG BARLOW LINEMAN 63.00 X 165853 0 75996 ROBERT BOYD PRESIDENT 9.00 X X 24348 0 0 DON BOYETT TREASURER 8.00 X X 31948 0 0 CASEY EVANS DAVIS DIRECTOR 3.00 X 24548 0 0 JAMES ELMORE DIRECTOR 3.00 X 27148 0 0 KATHERINE HARDIN SECRETARY 4.00 X X 26448 0 0 GARY JENKE DIRECTOR 5.00 X 27348 0 0 ERNIE MILES DIRECTOR 5.00 X 28148 0 0 MICHAEL OLDNER DIRECTOR 4.00 X 27847 0 0 JIM SEALE DIRECTOR 5.00 X 31147 0 0 CHUCK TURNER DIRECTOR 20.00 X 26048 0 0 MILT PURVIS VICE PRESIDE 5.00 X X 27198 0 0 ROBERT LEISNER - SEE SCHEDULE O RETIRED DIRE 0.00 X 18651 0 0 TRUITT THOMSON - SEE SCHEDULE O RETIRED DIRE 0.00 X 13989 0 0 2847410 992591 83 true true false EAST TEXAS ELECTRIC COOPERATIVE PO BOX 631623 NACOGDOCHES TX 759631623 WHOLESALE ELECT 147311835 KBS MANAGEMENT PO BOX 4591 BRYAN TX 77805 MATERIALS 26337523 COTTON UTILITY CONSTRUCTORS INC 310 PLYMOUTH ROCK LIVINGSTON TX 77351 UTILITY CONTRAC 8232599 J & M UTILITY CONSTRUCTION INC PO BOX 569 HILLISTER TX 77624 UTILITY CONTRAC 4459470 GRIFFIN ELECTRIC PO BOX 1064 LIVINGSTON TX 77351 UTILITY CONTRAC 4176205 70 ELECTRIC ENERGY 221000 243520151 243520151 PATRONAGE CAPITAL - G&T 221000 3176314 3176314 PATRONAGE CAPITAL - OTHER 221000 1831261 1831261 248527726 152115 152115 QUALIFIED POLE RENTAL 221000 645554 645554 645554 249325395 249173280 152115 1640281 2456335 37440 9002079 21805843 COST OF PURCHASED POWER 158237411 MAINTENANCE - DIST EXP 16718790 ADMIN & GENERAL 8197345 CONSUMER ACCOUNTS 7256943 10890426 236242893 0 0 0 5609416 5618566 2156741 2360231 20100563 28250319 386799 317475 24777889 23473494 663171270 234783230 393628241 428388040 74898387 78624281 521558036 567032406 28894148 38732595 1750269 1724104 277587904 302562373 11181689 7038780 319414010 350057852 X 202144026 216974554 202144026 216974554 521558036 567032406 X 13082502 1748026 X false true X true false false true X 10590834 10590834 20457368 10599205 9858163 632123068 224184025 407939043 428388040 PATRONAGE INVESTMENT - ETEC (SRG&T) 50529933 C PATRONAGE CAPITAL - ETEC 11824450 C PATRONAGE CAPITAL - COBANK 7903203 C PATRONAGE CAPITAL - CFC 5330483 C PATRONAGE INVESTMENT - ETEC (TEX-LA) 2183024 C INVESTMENT IN OTHER ASSOC. ORG 444649 C PATRONAGE CAPITAL - TEC 408539 C 78624281 POST RETIREMENT BENEFITS 7021822 INTEREST ACCRUED - COASTAL WATER 17765 DEFERRED CREDITS - OVER RECOVERY -807 7038780 X 249325395 249325395 249325395 234602612 234602612 1640281 1640281 236242893 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE COOPERATIVE HOLDS SCHOLARSHIP FUNDS IN A CUSTODIAL CAPACITY GRANTED BY TEXAS LEGISLATURE HOUSE BILL 3203. THIS LEGISLATION ALLOWS ELECTRIC COOPERATIVES TO USE UNCLAIMED PROPERTY TO FUND SCHOLARSHIPS, ECONOMIC DEVELOPMENT, AND ENERGY EFFICIENCY GRANTS. THE COOPERATIVE WAS HOLDING 958,328 IN SUCH FUNDS AT YEAR END 2022 AND 984,738 AT YEAR END 2021. THE COOPERATIVE IS HOLDING 763,965 AND 763,963 AT YEAR END 2022 AND 2021 RESPECTIVELY, IN "UNUSED AID TO CONSTRUCTION." THIS IS AN ESCROW TYPE ARRANGEMENT IN THAT THE FUNDS WERE RECEIVED FOR CONSTRUCTION OF UTILITY INFRASTRUCTURE TO BE USED BY A SPECIFIC MEMBER(S). THE FUNDS WILL BE USED AS CONSTRUCTION IS COMPLETED. AFTER COMPLETION OF THE CONSTRUCTION PROJECT, ALL REMAINING UNUSED AID TO CONSTRUCTION IS REFUNDED TO THE MEMBER(S). THE COOPERATIVE IS HOLDING 1,811 AND 1,623 AT YEAR END 2022 AND 2021, RESPECTIVELY, THAT IT COLLECTED FOR OPERATION ROUNDUP. OPERATION ROUNDUP IS A PROGRAM THAT WAS IMPLEMENTED IN 2014 BY THE COOPERATIVE TO ALLOW MEMBERS THE OPTION TO ROUND UP THEIR MONTHLY POWER BILLS TO THE NEXT DOLLAR FOR THE PURPOSE OF ALLOWING THAT MONEY TO BE ACCUMULATED BY THE SAM HOUSTON ELECTRIC COOPERATIVE FOUNDATION, A RELATED ORGANIZATION, AND DONATED FOR CHARITABLE OR OTHER NONPROFIT PURPOSES TO ENTITIES IN THE COOPERATIVE'S SERVICE AREA. THE FUNDS ARE COLLECTED BY THE COOPERATIVE AND REMITTED TO THE FOUNDATION. SCHEDULE D, PAGE 3, PART X FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITIONS, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT RETIREMENTS 1,640,281 X X X X X X false false false DOUGLAS TURK CEO 357099 18323 9600 153101 24432 562555 KEITH STAPLES CIO 229642 13245 9600 113326 24432 390245 RACHEL FREY CCO 120810 8200 9600 7368 12761 158739 WALTER STAPLETON - RETIRED CCO 228076 13270 9600 13884 22159 286989 JOSEPH CONNER CFO 208795 12485 9600 47525 24432 302837 RYAN BROWN ASSISTANT GM 217265 14803 9600 51514 24083 317265 SCOTT FERGUSON MANAGER OF OPS 167562 9801 9600 129606 13142 329711 RICKY HARRELL CMS OFFICER 166949 9723 9600 109532 1787 297591 TERRY LOWE FOREMAN 176462 6440 37237 23247 243386 ROBERT LANTRIP LINEMAN 162442 6123 57446 12477 238488 CRAIG BARLOW LINEMAN 159725 6128 52827 23169 241849 ROBERT LEISNER - SEE SCHEDULE O RETIRED DIRECTOR 18651 18651 TRUITT THOMSON - SEE SCHEDULE O RETIRED DIRECTOR 13989 13989 SCHEDULE J, PART III PART II, COLUMN C. INCLUDED IN THIS AMOUNT ARE THE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION PLAN (401K) AND THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER THE NRECA R&S DEFINED BENEFIT PLAN. THE CHANGE IN ACTUAL VALUE FOR EACH INDIVIDUAL PARTICIPANT IS BASED ON ACTUARIAL DATA AND ASSUMPTIONS. THE AMOUNTS IN COLUMN C ARE FURTHER EXPLAINED AS FOLLOWS. DOUGLAS TURK - 18,300 401K, 134,801 ACTUARIAL INCREASE KEITH STAPLES - 13,875 401K, 99,451 ACTUARIAL INCREASE WALTER STAPLETON - 13,884 401K, 0 ACTUARIAL INCREASE JOSEPH CONNER - 12,942 401K, 34,583 ACTUARIAL INCREASE RYAN BROWN - 13,485 401K, 38,029 ACTUARIAL INCREASE SCOTT FERGUSON - 9,651 401K, 119,955 ACTUARIAL INCREASE RICKY HARRELL - 9,496 401K, 100,036 ACTUARIAL INCREASE TERRY LOWE - 5,555 401K, 31,681 ACTUARIAL INCREASE ROBERT LANTRIP - 5,212 401K, 52,234 ACTUARIAL INCREASE CRAIG BARLOW - 5,183 401K, 47,644 ACTUARIAL INCREASE RACHEL FREY - 7,368 401K, 16,580 ACTUARIAL INCREASE FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER HAS A RIGHT TO RECEIVE ADEQUATE AND DEPENDABLE ELECTRIC SERVICE, PRIVACY, BE HEARD AT MEMBER MEETINGS, THEIR SHARE OF CAPITAL CREDITS, INFORMATION ABOUT SAM HOUSTON ECI, HAVE THEIR PROPERTY TREATED WITH CARE BY COOPERATIVE EMPLOYEES, BE HEARD IF THEY HAVE A DISPUTE OR COMPLAINT, AND HAVE SERVICE WITHOUT REGARD TO RACE, COLOR, SEX, NATIONALITY, RELIGION, OR MARITAL STATUS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS HAVE THE ABILITY TO ELECT THE GOVERNING BODY. DIRECTORS ARE ELECTED FOR 5 YEAR TERMS AND MUST MEET CERTAIN QUALIFICATIONS AS DEFINED BY THE COOPERATIVE BYLAWS. ELECTIONS ARE CONDUCTED BY MAIL OR ELECTRONIC BALLOT. THE BOARD OF DIRECTORS APPOINTS AN ELECTION COMMITTEE WHOSE TERMS AND QUALIFICATIONS ARE DEFINED IN THE BYLAWS. NOMINEES ARE CHOSEN BY THE ELECTION COMMITTEE AND A BALLOT IS PREPARED AND POSTED AS WELL AS MAILED. NOMINATIONS BY PETITION ARE ALSO ACCEPTED. A DEADLINE FOR RECEIPT OF BALLOTS IS DEFINED IN THE COOPERATIVE BYLAWS. A NOMINEE RECEIVING THE MOST VOTES FOR A PARTICULAR PLACE SHALL BE DEEMED ELECTED. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS MUST APPROVE BY VOTE ALL DIRECTORS AS WELL AS ANY CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PAGE 6, PART VI, LINE 8B THE COMMITTEES MAKE ADVISORY RECOMMENDATIONS TO, BUT ARE NOT AUTHORIZED TO ACT ON BEHALF OF, THE THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B ONE OF THE DUTIES ASSIGNED TO THE AUDIT COMMITTEE BY THE BOARD IS PRELIMINARY REVIEW OF THE 990. EACH MEMBER OF THE AUDIT COMMITTEE IS ALLOWED TIME TO REVIEW THE 990 AND INQUIRE OF THE PARTIES RESPONSIBLE FOR THE 990 COMPLETION AND FILING. ONCE THE AUDIT COMMITTEE HAS REVIEWED AND APPROVED THE 990, IT IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AND QUESTIONS. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS TO THE ENTIRE BOARD THAT THE 990 BE APPROVED AND FILED. AFTER BOARD APPROVAL, THE 990 IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE HAS INCLUDED A CONFLICT OF INTEREST POLICY IN ITS BOARD POLICY MANUAL. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST INQUIRY ANNUALLY AND SIGN AN AFFIDAVIT IDENTIFYING WHETHER ANY SUCH CONFLICTS EXIST. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR INTERPRETING AND ENFORCING THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. A COMMITTEE OF THE BOARD REVIEWS THE SURVEY AND OTHER RELEVENT INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD. THE BOARD REVIEWS THE INFORMATION AND SETS THE COMPENSATION FOR THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. THE CEO REVIEWS THE SURVEY AND MAKES A RECOMMENDATION TO A COMMITTEE OF THE BOARD FOR SALARY RANGES FOR OFFICERS AND KEY EMPLOYEES. THAT COMMITTEE REVIEWS THE RECOMMENDED RANGES, MAKES ANY NECESSARY CHANGES AND RECOMMENDS THE RANGES TO THE FULL BOARD FOR APPROVAL. THE CEO EVALUATES THE OFFICERS AND KEY EMPLOYEES AND SETS THEIR SALARIES WITHIN THE RANGES APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. FINANCIAL STATEMENTS ARE ALSO INCLUDED IN AN ANNUAL REPORT AND MAILED TO ALL MEMBERS. FORM 990, PART VII COMPENSATION AMOUNTS FOR RETIRED DIRECTORS REFLECT CERTAIN HEALTH INSURANCE BENEFITS DURING THE CALENDAR YEAR. FORM 990, PART XI, LINE 9 OTHER COMPREHENSIVE INCOME 1,748,026 SAM HOUSTON ELECTRIC COOPERATIVE CH 1157 EAST CHURCH STREET LIVINGSTON TX 773513360 474364992 CHARITABLE TX 501C3 7 SHECO SAM HOUSTON ELECTRIC COOPERATIVE true false false false false false false false false false false false false false false false false false false false SCHEDULE R TRANSACTIONS WITH RELATED ORGANIZATIONS PART V LINE 1 PART V LINE 1(L), PART V LINE 1 (N), & PART V LINE 1 (0) - THE COOPERATIVE USES ITS EMPLOYEES AND FACILITIES TO ADMINISTER OPERATIONS OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION. THE COOPERATIVE DOES NOT CHARGE OR COLLECT FEES FOR THESE ACTIVITIES. PART V LINE 1(R) - THE COOPERATIVE ROUTINELY COLLECTS MONTHLY DONATIONS, ON BEHALF OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION, AS PART OF THE COOPERATIVE'S MONTHLY BILLINGS TO MEMBERS. ALL DONATIONS COLLECTED ARE REMITTED TO THE FOUNDATION ON A MONTHLY BASIS. THE COOPERATIVE DOES NOT RETAIN ANY FEE FOR THESE SERVICES. THE FAIR VALUE OF THESE SERVICES HAVE BEEN DETERMINED TO BE BELOW 50,000.