2023-10-02T10:39:16-04:00 2022-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2022-01-01 730297135 INDIAN ELECTRIC COOPERATIVE INC INDI 9182959500 P O BOX 49 CLEVELAND OK 74020 JIM HADLOCK PRESIDENT 9183582514 2023-09-15 true JIM HADLOCK 999009999 false MICHAEL K BURKE CPA P00054433 9187498337 2023-09-15 2022 2023-04-26 12:10:37Z TODD SCHROEDER 2506 US-64 CLEVELAND OK 74020 58383784 false X WWW.IECOK.COM X 1939 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 93 3600 0 53672051 57680355 215730 334914 268422 364507 54156203 58379776 0 4294741 3342163 1425245 1552997 0 0 48436217 53484616 54156203 58379776 0 140742547 160445037 64386895 83230040 76355652 77214997 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 20,252 ACTIVE SERVICES (24,443 TOTAL SERVICES IN PLACE - 4,191 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. false false false false false false false false 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 true false false false true 31 0 false 93 true true true false false false false 55668954 1007247 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false OK X THE COOPERATIVE 9183582514 PO BOX 49 CLEVELAND OK 74020 TODD SCHROEDER GENERAL MANA 40.00 X 247130 0 70529 KENNETH MORGAN LINE FOREMAN 49.86 X 131151 0 60844 DAVID WILSON MGR OF OFFIC 40.00 X 134343 0 51398 JAMES GARRISON VP OF OPERAT 40.00 X 122419 0 61592 KIMBERLY LAY MGR FINANCE 40.00 X 121280 0 60998 DON LAWRENCE MGR OF CORP 40.00 X 128054 0 49212 JOHN POLLARD MGR OF ENGIN 40.00 X 124011 0 47781 JIM HADLOCK PRESIDENT 4.98 X 37900 0 0 GREG FIELDING TRUSTEE 3.52 X 24565 0 0 MIKE SPRADLING VICE PRESIDE 3.74 X 23208 0 0 RALPH JEROME ASSISTANT SE 5.31 X 13600 0 0 CHRIS HUDGINS TRUSTEE 4.22 X 12600 0 0 RICK VAN DEVENTER TRUSTEE 7.02 X 12400 0 0 BERRY KEELER SECR/TREAS 1.46 X 11782 0 0 LEE PECKENPAUGH TRUSTEE 3.29 X 6200 0 0 1150643 402354 13 false true false DAVIS H ELLIOTT CORPORATION PO BOX 37251 BALTIMORE MD 212973251 ELEC DISTR SRVC 1483003 HARDIN TREE INC PO BOX 310 OOLOGAH OK 74053 RIGHT OF WAY 797560 247 INC PO BOX G COLE CAMP MO 65325 RIGHT OF WAY 725101 RESOURCE ASSET MANAGEMENT SOLUTIONS 201 N PENN STE 203 INDEPENDENCE KS 67301 POLE INSPECTION 165606 CH GUERNSY & COMPANY 5555 NORTH GRAND BOULEVARD OKLAHOMA CITY OK 73112 CONTRCT STAKING 125206 6 SALES OF ELECTRICITY 221000 55668954 55668954 PATRONAGE DIVIDENDS 221000 2011401 2011401 57680355 334914 334914 232815 232815 232815 232815 3600 4008 -408 3600 -4008 NON-OPERATING REVENUE 132100 132100 132100 58379776 3600 58376176 X 3342163 642191 910806 2189595 4402906 COST OF POWER 34494348 DISTRIBUTION 7383928 GENERAL & ADMINISTRATIVE 2133015 CONSUMER EXPENSE 1745592 1135232 58379776 0 0 0 3084795 3593039 6704506 17307842 3221724 4590874 763018 223256 105850 194401 156076281 54203085 95468689 101873196 31030662 32610529 363303 51900 140742547 160445037 4578793 6880831 46976136 60893630 12831966 15455579 64386895 83230040 X 482435 472525 6263079 8276407 69610138 68466065 76355652 77214997 140742547 160445037 X 0 859345 X false true X true false 659745 659745 6056945 2757890 3299055 149359591 51445195 97914396 101873196 INVESTMENTS IN ASSOCIATED 32609739 C OTHER 790 C 32610529 FAS 106 OBLIGATION 6665486 OTHER 4581237 CONSUMER DEPOSITS 4208856 15455579 X 58379776 58379776 58379776 55037613 55037613 3342163 3342163 58379776 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 3,342,163 X X X false false false TODD SCHROEDER GENERAL MANAGER 231137 12500 3493 46829 23700 317659 KENNETH MORGAN LINE FOREMAN 121665 1650 7836 37144 23700 191995 DAVID WILSON MGR OF OFFICE SRVC 130501 1650 2192 41966 9432 185741 JAMES GARRISON VP OF OPERATIONS 116792 1650 3977 37892 23700 184011 KIMBERLY LAY MGR FINANCE & ACCTNG 114313 1650 5317 37298 23700 182278 DON LAWRENCE MGR OF CORP SERVICES 123818 1650 2586 39780 9432 177266 JOHN POLLARD MGR OF ENGINEERING 119029 1650 3332 24081 23700 171792 SCHEDULE J, PART III PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B REVIEW AND/OR APPROVAL BY BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A SALARY INFORMATION OBTAINED FROM NRECA FOR NATIONAL, REGIONAL AND STATE LEVELS. PERIODICALLY USE CONSULTANT TO REVIEW PAY SCALES. FORM 990, PAGE 6, PART VI, LINE 15B SALARY INFORMATION OBTAINED FROM NRECA FOR NATIONAL, REGIONAL AND STATE LEVELS. PERIODICALLY USE CONSULTANT TO REVIEW PAY SCALES. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART VII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART X FORM 990, PART IX: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 INCREASE IN OTHER EQUITIES 2,013,328 BENEFITS MARGIN ALLOCATION 3,342,163 INCREASE IN AOCI 19,855 DECREASE IN MEMBERSHIPS -9,910 RETIREMENT OF CAPITAL CREDITS -4,506,091 TOTAL 859,345 DARLIN' DOODADS 205 S BROADWAY CLEVELAND OK 74020 UNIFORMS OK N/A