2024-05-10T11:29:31-05:00 2023-12-31 430352985 KERBER ECK & BRAECKEL LLP 3401 OFFICE PARK DRIVE MARION IL 62959 990 2023-01-01 370525125 SOUTHERN ILLINOIS ELECTRIC COOPERATIVE SOUT 6188273555 PO BOX 100 DONGOLA IL 62926 DAVID A JOHNSTON EXECUTIVE VICE PRESIDENT 6188273555 2024-04-26 1 DAVID JOHNSTON 999009999 1 ANNA GUETERSLOH P01315485 6189938724 2024-04-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DAVID A JOHNSTON PO BOX 100 DONGOLA IL 62926 28878818 0 X WWW.SIEC.ORG X 1936 IL RESPONSIBLY AND SAFELY PROVIDE SERVICES TO EMPOWER OUR MEMBERS AND COMMUNITIES. 10 10 42 0 0 0 0 0 27861898 27912301 49280 91370 856250 875147 28767428 28878818 0 0 1227218 1156745 4493753 4711267 0 0 0 23057200 22766698 28778171 28634710 -10743 244108 88838528 90416954 41168232 42672531 47670296 47744423 RESPONSIBLY AND SAFELY PROVIDE SERVICES TO EMPOWER OUR MEMBERS AND COMMUNITIES. 0 0 26751570 28726266 DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS 26751570 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 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 35 0 42 1 0 0 0 0 0 0 0 27973483 905335 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID A JOHNSTON 6188273555 PO BOX 100 DONGOLA IL 62926 WILLIAM LITTRELL PRESIDENT 3.54 X 3718 0 0 RANDALL RUSHING DIRECTOR 4.69 X 5393 0 0 DAVID MARTIN DIRECTOR 1.40 X 3643 0 0 SCOTT MILLER DIRECTOR 4.57 X 3115 0 0 LAMAR HOUSTON DIRECTOR 3.88 X 5275 0 0 SCOTT URY VICE PRESIDENT 5.08 X 4453 0 0 STEVE HEISNER DIRECTOR 1.42 X 3850 0 0 TONI SNELL DIRECTOR 3.63 X 4350 0 0 GERALD THURSTON SECRETARY/TREASURER 3.38 X 6348 0 0 KIM BAKEHOUSE DIRECTOR 1.29 X 1985 0 0 JULIE WILKE DIRECTOR OF FINANCE AND AD 40.00 X 113071 0 34160 DAVID JOHNSTON EXECUTIVE VICE PRESIDENT 40.00 X 163452 0 39444 NATHAN D MENEES UTILITY SERVICEMAN 47.99 X 132504 0 28625 MICHAEL L LOGEMAN DIRECTOR OF ENGINEERING 40.00 X 128976 0 22406 STANLEY TREAT UTILITY SERVICEMAN 46.49 X 130238 0 30027 W A STOVER CREW FOREMAN 42.77 X 106769 0 28002 DALE G GUETERSLOH CREW FOREMAN 40.00 X 132124 0 28741 949264 0 211405 20 0 1 0 ENDRIZZI CONTRACTING 965 CORZINE RD BUNCOMBE IL 62912 SUBCONTRACTOR FOR RIGHT-OF-WAY CLEARING 944694 1 ELECTRIC SALES 221000 27732383 27732383 FORFEITED DISCOUNTS 221000 141819 141819 OTHER ELECTRIC REVENUE 221000 38099 38099 27912301 91370 91370 61182 0 61182 61182 61182 PATRONAGE CAPITAL CREDITS 221000 796722 796722 OTHER 221000 17243 17243 813965 28878818 28726266 0 152552 1156745 1156745 396407 396407 4314860 3556034 758826 36289 36289 18405 18405 88327 81385 6942 127388 61684 65704 228618 228618 19313 19313 1432455 1432455 2914470 2914470 45892 45892 PURCHASED POWER 15292664 15292664 MOWING, TRIMING & MAINT 1208418 1208418 MATERIALS 872971 824122 48849 PROPERTY, ENERGY & OTHE 158446 158446 323042 65147 257895 28634710 26751570 1883140 0 433762 865968 2869232 2636823 560984 424232 104606 162700 96762783 29953653 65869293 66809130 19000651 19518101 88838528 90416954 4817900 4884231 29455 23630 31906261 32706665 4414616 5058005 41168232 42672531 X 0 0 4434577 4309045 43235719 43435378 47670296 47744423 88838528 90416954 X 244108 -169981 X 0 1 X 1 0 0 1 X 113324 113324 4637821 1622131 3015690 91964247 28331522 63632725 47391 47391 66809130 NRUCFC CAPITAL TERM CERTIFICATES 1023455 C PATRONAGE CAPITAL FROM POWER SUPPLIER 16553118 C NRUCFC PATRONAGE CAPITAL 1204021 C PATRONAGE CAPITAL FROM OTHERS 570986 C OTHER INVESTMENTS 15521 C COMMERCIAL PAPER INVESTMENT 151000 C 19518101 ACCUMULATED PROVISION FOR POST-RETIREMENT BENEFITS 3272437 CONTRACT LIABILITIES 785568 DEFERRED CREDITS 1000000 5058005 X 28878818 0 28878818 0 28878818 27477965 0 27477965 1156745 1156745 28634710 PART IV, LINE 2B: THE COOPERATIVE HAS A COLLABORATIVE BUILDOUT AGREEMENT AND A REVOCABLE, NONEXCLUSIVE JOINT USE POLE LICENSE AGREEMENT WITH WEST KENTUCKY & TENNESSEE TELECOMMUNICATIONS COOPERATIVE (WK&T). THE PURPOSE OF THE AGREEMENT IS TO ALLOW WK&T TO ATTACH FIBER CABLE TO THE COOPERATIVE'S ELECTRIC POLES DURING WK&T'S INFRASTRUCTURE DEPLOYMENT OF HIGH SPEED INTERNET. WK&T HAS AGREED TO PAY 63% OF EXPENSES FOR THE PROJECT. AN ESCROW BANK ACCOUNT WAS ESTABLISHED BETWEEN WK&T AND THE COOPERATIVE WHICH IS RECORDED AS CASH AND DEFERRED CREDIT, BOTH OF WHICH ARE REDUCED AS EXPENSES ARE INCURRED. PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM PAYMENT OF FEDERAL AND ILLINOIS INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE COOPERATIVE IS NOT AWARE OF ANY SIGNIFICANT CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE BALANCE SHEET DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING FISCAL YEARS 2023 AND 2022. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF PATRONAGE CAPITAL CREDITS X 0 0 0 DAVID JOHNSTON EXECUTIVE VICE PRESIDENT 163452 0 0 0 0 0 15495 0 23949 0 202896 0 0 0 NATHAN D MENEES UTILITY SERVICEMAN 132504 0 0 0 0 0 9624 0 19001 0 161129 0 0 0 DALE G GUETERSLOH CREW FOREMAN 132124 0 0 0 0 0 9740 0 19001 0 160865 0 0 0 STANLEY TREAT UTILITY SERVICEMAN 130238 0 0 0 0 0 11026 0 19001 0 160265 0 0 0 MICHAEL L LOGEMAN DIRECTOR OF ENGINEERING 128976 0 0 0 0 0 10953 0 11453 0 151382 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF OFFICERS. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE DISTRIBUTES ELECTRICITY TO APPROXIMATELY 11,300 MEMBERS. EACH "CUSTOMER" OF THE COOPERATIVE RECEIVING ELECTRICAL SERVICE IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING IS HELD WHERE THE MEMBERS ARE ALLOWED TO VOTE FOR DIRECTORS. EACH YEAR THE MEMBERS VOTE FOR THREE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BY-LAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS REVIEW A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND KEY EMPLOYEE ARE GIVEN A QUESTIONAIRE THAT REQUIRES THEM TO DISCLOSE ANY APPLICABLE CONFLICTS OF INTEREST. THIS IS DONE ON AN ANNUAL BASIS AND THE ENFORCEMENT IS DONE ON A PER INCIDENT BASIS, WITH ALL ASPECTS OF THE CONFLICT TAKEN INTO CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HOLDS AN EXECUTIVE SESSION MEETING TO DETERMINE AND APPROVE ALL TOP MANAGEMENT COMPENSATION. COMPARABILITY DATA IS MADE AVAILABLE FOR THEIR REVIEW. THE SAME METHOD IS USED TO DETERMINE COMPENSATION FOR KEY EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET MEMBERSHIPS RECEIVED 1,640. POST RETIREMENT BENEFIT -171,621.