2024-11-15T09:23:10-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 750233075 DENTON COUNTY ELECTRIC COOPERATIVE INC DENT 9403217800 7701 SOUTH STEMMONS FREEWAY CORINTH TX 76210 BRENT BISHOP SENIOR VP & CFO 9403217800 2024-11-14 1 0 WILLIAM M MILLER P00439459 8067473806 2024-11-14 X 2023 2024-10-15 13:58:12Z COSERV ELECTRIC DONALD CLARY 7701 SOUTH STEMMONS FREEWAY CORINTH TX 76210 781726851 0 X WWW.COSERV.COM X 1938 TX TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS. 7 7 517 0 47893 46893 0 0 823330632 776656057 929990 2277880 1884231 1861017 826144853 780794954 50937 67194 41035517 46959224 45736351 40945216 0 0 0 738088441 691024343 824911246 778995977 1233607 1798977 2042962594 2107533496 1264582796 1296053195 778379798 811480301 TO DELIVER EXCELLENT SERVICE TO OUR MEMBERS AND CUSTOMERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS. 0 0 SALES OF ELECTRICITY AND RELATED SERVICES TO MEMBERS WERE PROVIDED AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THE COOPERATIVE PROVIDED ELECTRICITY TO 308,874 ACTIVE MEMBER SERVICES AT YEAR END. 0 0 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 176 0 517 1 1 1 0 0 0 0 775181923 44490570 0 1 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X BRENT BISHOP SENIOR VP & CFO 9403217800 7701 SOUTH STEMMONS FREEWAY CORINTH TX 76210 X WILLIAM RAGSDALE DIRECTOR 10.00 X X 45400 0 0 CHRISTOPHER MCCRAW DIRECTOR 9.20 X X 46400 0 0 TRISHA SHEFFIELD CHAIR 11.30 X X 47900 0 0 LEON PELZEL VICE CHAIR 8.50 X 41400 0 0 RICHARD MUIR DIRECTOR 8.30 X 40400 0 0 MARK RUTLEDGE DIRECTOR (JAN-JUNE) 12.70 X 26200 0 0 JARETT ADAIR SECRETARY/TREASURER 8.60 X 42400 0 0 WILLIAM KOLLAR DIRECTOR (JULY-DEC) 11.10 X 24200 0 0 DONALD CLARY PRESIDENT & CEO 50.00 1.00 X 1359899 0 312040 DENISE SMITHERS SENIOR VP - CUSTOMER CARE/ENGAGEMENT 45.00 2.00 X 365317 0 129187 BRENT BISHOP SENIOR VP & CFO 45.00 2.00 X 371558 0 115956 ROBBY HAMLIN SENIOR VP - ENGINEERING SVCS (JAN) 45.00 X 214361 0 58389 GREG WARD SENIOR VP - ENERGY INFRASTRUCTURE 50.00 1.00 X 348768 0 111532 JEFFREY MCNEAL SENIOR VP - INFORMATION TECHNOLOGY 45.00 1.00 X 350210 0 111139 DYAN JAMES SENIOR VP - CORPORATE SERVICES 45.00 1.00 X 312590 0 60054 PHILIP HASSELL SENIOR VP - FIELD OPERATIONS 45.00 1.00 X 315256 0 187783 GARY FRANZEN SENIOR VP - ENERGY RESOURCES 50.00 X 323602 0 109676 CHARLES TURNER DIRECTOR - FINANCE 45.00 X 239534 0 73508 PETER NYLEC DIRECTOR - ENGINEERING 45.00 X 215384 0 29722 JACKIE GRASS DIRECTOR - ACCOUNTING 45.00 X 205356 0 57934 CHAD LUIG DIRECTOR - CORPORATE COMPLIANCE 45.00 X 200059 0 59397 GREG RICE DIRECTOR - IT ENTERPRISE APPLICATION 45.00 X 197447 0 87772 5333641 0 1504089 178 0 1 0 PRIMORIS T&D SERVICES LLC 1760 S STEMMONS FRWY 300 LEWISVILLE TX 75067 UTILITY LINE CONTRACTOR 16922024 PCI UTILITIES LLC PO BOX 2967 MCKINNEY TX 75070 UTILITY LINE CONTRACTOR 9981327 TEXAS STATE UTILITIES INC 3112 WICHITA COURT FORT WORTH TX 76140 UTILITY LINE CONTRACTOR 8002934 STANDARD UTILITY CONSTRUCTION 2630 WEST FREEWAY SUITE 200 FORT WORTH TX 76102 UTILITY LINE CONTRACTOR 7503313 NATIONAL INFORMATION SOLUTIONS COOP 3131 TECHNOLOGY DR NW MANDAN ND 58554 SOFTWARE AND BILLING 4362759 44 X SALES OF ELECTRICITY 221000 768768357 768768357 SERVICE FEES 221000 7177869 7177869 PATRONAGE DIVIDENDS 221000 709831 709831 776656057 1711012 659652 1051360 1964397 44100 655508 0 1308889 44100 1352989 1046373 47893 258723 843257 276389 566868 566868 566868 POLE ATTACHMENT INCOME 221000 508028 508028 508028 780794954 778928950 47893 1818111 X 67194 46959224 4778867 24658763 3234944 6137763 2134879 54897025 42004780 PURCHASED POWER 551615366 DISTRIBUTION EXPENSE 16887162 ADMIN & GENERAL EXPENSE 10941845 UBIT EXPENSE 4973 14673192 778995977 X 70695528 40446678 4600000 23048152 39582256 37561860 552162430 541581764 1459577545 376027251 984618348 1083550294 118787572 123227873 248374296 248868753 24142164 9248122 2042962594 2107533496 73245291 80773165 539263 122216 1123083260 1152896990 67714982 62260824 1264582796 1296053195 X 3872185 4060670 148969851 148969851 625537762 658449780 778379798 811480301 2042962594 2107533496 X 1798977 31301526 X X 0 1 X 1 0 0 1 X 3541982 2871967 6413949 2517042 38596588 18271894 22841736 1306426512 357755357 948671155 105623454 105623454 1083550294 INVESTMENT IN SUBSIDIARY CORPORATION - EQUITY METHOD 123227873 C 123227873 MEMBERSHIP - ASSOC. ORGS 12168 C PATRONAGE CAPITAL - BEPCI 245650376 C PATRONAGE CAPITAL - CFC 357632 C PATRONAGE CAPITAL - COBANK 620491 C PATRONAGE CAPITAL - NRTC 2452 C PATRONAGE CAPITAL - TEC 1957402 C PATRONAGE CAPITAL - NISC 264186 C PATRONAGE CAPITAL - CRC 4046 C 248868753 POST RETIREMENT MEDICAL BENEFITS 12076272 DEFERRED COMPENSATION 935869 CONSUMER DEPOSITS 4404495 ACCRUED OPERATING TAXES & FEES 24448733 DEFERRED CREDITS 13966907 CAPITAL LEASE OBLIGATION 5868673 OTHER ACCRUED LIABILITIES 559875 62260824 X PART IV, LINE 2B: PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A SCHOLARSHIP FUND WITH AMOUNTS DESIGNATED UNCLAIMED UNDER STATE LAW. THE AMOUNTS DEPOSITED INTO THE SCHOLARSHIP FUND ARE REPORTED TO THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS WITHIN AREAS SERVED BY THE COOPERATIVE TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH AMOUNTS DESIGNATED UNCLAIMED UNDER STATE LAW. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE REPORTED TO THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT WITHIN AREAS SERVED BY THE COOPERATIVE. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ENERGY EFFICIENCY ASSISTANCE FUND WITH AMOUNTS DESIGNATED UNCLAIMED UNDER STATE LAW. THE AMOUNTS DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE REPORTED TO THE STATE OF TEXAS AND CAN ONLY BE USED TO ASSIST MEMBERS OF AN ELECTRIC COOPERATIVE IN REDUCING THEIR ENERGY CONSUMPTION AND ELECTRICITY BILLS. ANY AMOUNTS SO DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. PART X, LINE 2: THE COOPERATIVE AND SUBSIDIARIES FOLLOW THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE PRIMARY TAX POSITIONS FOR THE SUBSIDIARIES ARE THE TIMING DIFFERENCES IMPACTING TAXABLE INCOME. THE COOPERATIVE AND SUBSIDIARIES DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. 1 COSERV CHARITABLE FOUNDATION 7701 SOUTH STEMMONS FREEWAY CORINTH TX 76210 134281766 501(C)(3) 54338 0 TO SUPPORT THE FOUNDATION'S OPERATIONS. 1 PART I, LINE 2: ALL DONATIONS WERE MADE TO A NON-PROFIT ORGANIZATION; AS SUCH, ALL DONATIONS MADE TO THE ORGANIZATION SUPPORT THE FOUNDATION'S OPERATIONS. X X X X 1 1 0 DONALD CLARY PRESIDENT & CEO 593584 0 50000 0 716315 0 282288 0 29752 0 1671939 0 692750 0 PHILIP HASSELL SENIOR VP - FIELD OPERATIONS 283773 0 15895 0 15588 0 158862 0 28921 0 503039 0 0 0 DENISE SMITHERS SENIOR VP - CUSTOMER CARE/ENGAGEMENT 326262 0 20077 0 18978 0 93969 0 35218 0 494504 0 0 0 BRENT BISHOP SENIOR VP & CFO 320911 0 39727 0 10920 0 78005 0 37951 0 487514 0 0 0 JEFFREY MCNEAL SENIOR VP - INFORMATION TECHNOLOGY 316184 0 19382 0 14644 0 74938 0 36201 0 461349 0 0 0 GREG WARD SENIOR VP - ENERGY INFRASTRUCTURE 314738 0 19360 0 14670 0 76631 0 34901 0 460300 0 0 0 GARY FRANZEN SENIOR VP - ENERGY RESOURCES 283759 0 34689 0 5154 0 73987 0 35689 0 433278 0 0 0 DYAN JAMES SENIOR VP - CORPORATE SERVICES 283405 0 15895 0 13290 0 33936 0 26118 0 372644 0 0 0 CHARLES TURNER DIRECTOR - FINANCE 200923 0 32556 0 6055 0 46744 0 26764 0 313042 0 0 0 GREG RICE DIRECTOR - IT ENTERPRISE APPLICATION 180956 0 11337 0 5154 0 52210 0 35562 0 285219 0 0 0 ROBBY HAMLIN SENIOR VP - ENGINEERING SVCS (JAN) 30304 0 0 0 184057 0 55483 0 2906 0 272750 0 0 0 JACKIE GRASS DIRECTOR - ACCOUNTING 191372 0 11497 0 2487 0 32277 0 25657 0 263290 0 0 0 CHAD LUIG DIRECTOR - CORPORATE COMPLIANCE 186745 0 11629 0 1685 0 23801 0 35596 0 259456 0 0 0 PETER NYLEC DIRECTOR - ENGINEERING 193139 0 10955 0 11290 0 17086 0 12636 0 245106 0 0 0 PART I, LINES 4A-B THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT THAT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II, COLUMN B (III): ROBBY HAMLIN $151,972 THE FOLLOWING INDIVIDUAL PARTICIPATES IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATON (NQDC) PLAN, AND THE AMOUNT LISTED REPRESENTS THE ACTUARIAL INCREASE OF UNVESTED BENEFITS ASSOCIATED WITH PARTICIPATION IN THE PLAN: DONALD CLARY $ 136,194 TOTAL BENEFITS PAID AND INCLUDED AS W-2 WAGES DURING THE YEAR WERE $692,750. PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. DONALD CLARY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 136,194 ACTUARIAL INCREASE IN NQDC PLAN 136,194 401(K) EMPLOYER CONTRIBUTION 9,900 TOTAL COLUMN C $ 282,288 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT & NQDC PLANS (272,388) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT & NQDC PLANS 98,123 EXPENSE TO THE COOPERATIVE $ 108,023 PHILIP HASSEL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 150,150 401(K) EMPLOYER CONTRIBUTION 8,712 TOTAL COLUMN C $ 158,862 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (150,150) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,819 EXPENSE TO THE COOPERATIVE $ 54,531 DENISE SMITHERS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 84,069 401(K) EMPLOYER CONTRIBUTION 9,900 TOTAL COLUMN C $ 93,969 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (84,069) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 52,593 EXPENSE TO THE COOPERATIVE $ 62,493 BRENT BISHOP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 68,137 401(K) EMPLOYER CONTRIBUTION 9,868 TOTAL COLUMN C $ 78,005 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (68,137) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 52,074 EXPENSE TO THE COOPERATIVE $ 61,942 JEFFREY MCNEAL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 65,265 401(K) EMPLOYER CONTRIBUTION 9,673 TOTAL COLUMN C $ 74,938 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (65,265) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 51,166 EXPENSE TO THE COOPERATIVE $ 60,839 GREG WARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 67,040 401(K) EMPLOYER CONTRIBUTION 9,591 TOTAL COLUMN C $ 76,631 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (67,040) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 50,672 EXPENSE TO THE COOPERATIVE $ 60,263 GARY FRANZEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 65,193 401(K) EMPLOYER CONTRIBUTION 8,794 TOTAL COLUMN C $ 73,987 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (65,193) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,819 EXPENSE TO THE COOPERATIVE $ 54,613 DYAN JAMES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,224 401(K) EMPLOYER CONTRIBUTION 8,712 TOTAL COLUMN C $ 33,936 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (25,224) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,819 EXPENSE TO THE COOPERATIVE $ 54,531 CHARLES TURNER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 40,501 401(K) EMPLOYER CONTRIBUTION 6,243 TOTAL COLUMN C $ 46,744 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (40,501) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 59,864 EXPENSE TO THE COOPERATIVE $ 66,107 GREG RICE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 46,541 401(K) EMPLOYER CONTRIBUTION 5,669 TOTAL COLUMN C $ 52,210 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (46,541) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 64,712 EXPENSE TO THE COOPERATIVE $ 70,381 ROBBY HAMLIN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,557 401(K) EMPLOYER CONTRIBUTION 926 TOTAL COLUMN C $ 55,483 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (54,557) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 4,100 EXPENSE TO THE COOPERATIVE $ 5,026 JACKIE GRASS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,373 401(K) EMPLOYER CONTRIBUTION 5,904 TOTAL COLUMN C $ 32,277 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (26,373) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 57,501 EXPENSE TO THE COOPERATIVE $ 63,405 CHAD LUIG: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,959 401(K) EMPLOYER CONTRIBUTION 5,842 TOTAL COLUMN C $ 23,801 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,959) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 65,649 EXPENSE TO THE COOPERATIVE $ 71,491 PETER NYLEC: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,249 401(K) EMPLOYER CONTRIBUTION 5,837 TOTAL COLUMN C $ 17,086 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,249) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,680 EXPENSE TO THE COOPERATIVE $ 52,517 FORM 990, PART I, LINE 19: REVENUE LESS EXPENSES AS REPORTED ON PAGE 1, PART I, LINE 19 DIFFERS FROM THE TOTAL NET MARGINS REPORTED ON THE COOPERATIVE'S AUDITED FINANCIAL STATEMENTS DUE TO BOOK TO TAX ADJUSTMENTS REQUIRED TO CONFORM TO THE FORM 990 INSTRUCTIONS. THE FIRST ADJUSTMENT IS FOR THE EQUITY METHOD INCOME RECORDED ON THE COOPERATIVE'S BOOKS AND INCLUDED IN TOTAL NET MARGINS. U.S. GAAP REQUIRES THE COOPERATIVE TO RECORD ON ITS BOOKS THE EQUITY METHOD INCOME FROM ITS WHOLLY OWNED SUBSIDIARY. EQUITY METHOD INCOME IS NOT INCOME FOR IRS FORM 990 PURPOSES AND AS SUCH HAS BEEN REPORTED AS AN OTHER CHANGE IN NET ASSETS. THE SECOND ADJUSTMENT IS FOR THE PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED BY THE COOPERATIVE TO MEMBERS. WHEREAS THE FORM 990 REQUIRES SUCH AMOUNTS TO BE REPORTED AS AN EXPENSE, PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED ARE AN INCREASE IN CAPITAL AND EQUITY, SPECIFICALLY PATRONAGE CAPITAL, ON U.S. GAAP BASIS FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE VI - BOARD OFFICERS; OTHER OFFICERS AND AGENTS SECTION 6.1. NUMBER. WAS AMENDED TO STATE "AT THE DISCRETION OF THE BOARD, THE PRESIDENT MAY USE THE TITLE "CHAIRMAN", "CHAIRWOMAN", OR "CHAIR", AND/OR THE VICE PRESIDENT OF THE BOARD MAY USE THE TITLE "VICE CHAIRMAN", "VICE CHAIRWOMAN", OR "VICE CHAIR"." A COMPLETE COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: HTTPS://WWW.COSERV.COM. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. AMENDMENTS TO THE ARTICLES OF INCORPORATION 2. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 3. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 4. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THE COOPERATIVE ARE REQUIRED TO ANNUALLY CERTIFY THAT THEY HAVE COMPLIED WITH THE CODE OF CONDUCT AND ARE NOT AWARE OF ANY UNREPORTED VIOLATIONS OF THE CODE THAT MAY HAVE OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS SUBJECT TO AN ANNUAL EVALUATION BY A COMPENSATION COMMITTEE, WHICH IS COMPRISED OF THE BOARD OF DIRECTORS. A COMPENSATION SURVEY, FORMS 990 OF OTHER COOPERATIVES, AND AN INDEPENDENT COMPENSATION CONSULTANT ARE USED WHEN DETERMINING COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEOS FROM SIMILARLY SITUATED COOPERATIVES, UTILITIES, AND OTHER BUSINESSES LOCATED IN THE DALLAS/FT. WORTH AREA, TEXAS, AND THE NATION. THE CEO USES A WAGE AND SALARY PLAN APPROVED BY THE BOARD, WHICH IS BASED ON A COMPENSATION SURVEY FROM SIMILARLY SITUATED COOPERATIVES, UTILITIES, AND OTHER BUSINESSES LOCATED IN THE DALLAS/FT. WORTH AREA, TEXAS, AND THE NATION WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEE, IF ANY. FORM 990, PART VI, SECTION C, LINE 19 THE BY-LAWS AND ANNUAL REPORT, WHICH INCLUDE THE CONDENSED FINANCIAL STATEMENTS, CAN BE FOUND ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION, LONGTERM DISABILITY, ACCIDENTAL DEATH & DISMEMBERMENT AND GROUP TERM LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND EMPLOYER PAID INSURANCE PREMIUMS. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN FOR EMPLOYEES HIRED ON OR BEFORE APRIL 1, 2020. THE VALUE OF THESE BENEFITS PER INDIVIDUAL HAS NOT BEEN ESTIMATED. FORM 990, PART VII, SECTION A: W-2 WAGES RESULTING FROM SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN: MR. DONALD CLARY PARTICIPATES IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN. THE PURPOSE OF THE NQDC PLAN IS TO COMPENSATE THE PLAN PARTICIPANT FOR PENSION BENEFITS THAT ARE SUBJECT TO ANNUAL COMPENSATION LIMITS AND ALSO SUBJECT TO CAPS ON THE LEVEL OF ACCRUED BENEFITS UNDER THE PLAN THAT MAY BE EARNED AS PROVIDED FOR BY SECTIONS 401(A)(17) AND 415(B) OF THE INTERNAL REVENUE CODE, RESPECTIVELY. BUT FOR THESE LIMITATIONS, THE BENEFITS AVAILABLE UNDER THE PENSION PLAN ARE THE SAME FOR ALL EMPLOYEES. BENEFITS ACCRUE FROM THE INITIAL DATE OF THE NQDC PLAN AND BEGAN VESTING ANNUALLY BEGINNING 4 YEARS BEFORE NORMAL RETIREMENT AGE OF 62. FOR EACH YEAR OF VESTING, ALL BENEFITS ACCRUED UNDER THE NQDC PLAN SINCE THE PRIOR VESTING DATE, BECOME FULLY VESTED, PAYABLE AND REPORTABLE COMPENSATION TO THE PLAN PARTICIPANT. THIS OCCURRED DURING 2023. TOTAL VESTED BENEFITS PAID IN 2023 WERE $692,750, AND ARE REPORTED IN PART VII, COLUMN (D) AS A COMPONENT OF BOX 5, W-2 WAGES. ALTHOUGH THE VESTED BENEFITS ARE REPORTABLE COMPENSATION TO THE PLAN PARTICIPANT, ANNUAL EXPENSE OF THE PLAN IS EQUAL TO THE ANNUAL CONTRIBUTIONS AND NOT THE VESTED AMOUNT PAID. THE VESTED AMOUNT PAID IS DUE FROM THE PLAN AND IS AN ULTIMATE REDUCTION OF PLAN ASSETS RATHER THAN AN EXPENSE TO THE COOPERATIVE IN THE YEAR OF PAYMENT. TOTAL REPORTABLE COMPENSATION IN PART VII (COLUMNS D, E & F) FOR ALL OFFICERS, KEY EMPLOYEES, AND DIRECTORS IS $5,471,617. HOWEVER, SINCE THE $692,750 OF VESTED BENEFITS IS RECORDED AS A RECEIVABLE DUE FROM THE PLAN AND IS NOT A CURRENT EXPENSE TO THE COOPERATIVE, SUCH PAYMENT IS EXCLUDED FROM PART IX, LINE 5 "COMPENSATION OF CURRENT OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES". THE NET RESULT IS A PART IX,LINE 5 EXPENSE OF $4,778,867. FORM 990, PART VIII, LINE 2: FOR 2023, PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST TO COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: ALTHOUGH NO LONGER A BORROWER OF THE RURAL UTILITIES SERVICE (RUS), THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO THE TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 29,437,630 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (314,300) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (1,195,756) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 17,316,300 TOTAL WAGES ACCRUED AND/OR PAID $ 45,243,874 FORM 990, PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 21,246,997 OUTSIDE SERVICES EMPLOYED 1,154,574 PROPERTY INSURANCE 1,238,081 LOSS/DAMAGES EXPENSE 387,280 MISCELLANEOUS GENERAL 8,139,277 RENTS 2,615,908 MAINTENANCE OF GENERAL PLANT 25,367 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 34,923,782 LESS: INTERDIVISIONAL ELIMINATIONS (2,615,908) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (314,300) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (14,469,860) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (6,581,869) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 10,941,845 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GAAP, HOWEVER. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: AMORTIZATION OF REGULATORY ASSET $ 3,372,769 CONSUMER & SALES EXPENSE 2,402,928 TAXES 8,193,909 MISCELLANEOUS 703,586 TOTAL OTHER EXPENSES $ 14,673,192 FORM 990, PART X AND SCHEDULE R, PART I: ADDITIONAL INFORMATION PERTAINING TO DISREGARDED ENTITY - COSERV SECURITIZATION 2022 LLC (SEE SCHEDULE R, PART I): THE COOPERATIVE INCURRED EXTRAORDINARY POWER COSTS DURING WINTER STORM URI IN FEBRUARY 2021. DURING 2022, THE COOPERATIVE'S POWER SUPPLIER BILLED THE COOPERATIVE FOR THESE COSTS. PURSUANT TO STATE LAW PERTAINING TO EXTRAORDINARY COSTS CAUSED BY WINTER STORM URI, THE COOPERATIVE'S BOARD OF DIRECTORS APPROVED A FINANCING ORDER ON SEPTEMBER 14, 2022; THE PURPOSE OF WHICH WAS TO (1) CREATE A REGULATORY ASSET AND SECURITIZED PROPERTY RIGHT EQUAL TO THE EXTRAORDINARY WINTER STORM URI COSTS, AND (2) AUTHORIZE THE ISSUANCE OF BONDS IN ORDER TO PAY SUCH EXTRAORDINARY COSTS THROUGH THE RIGHT TO BILL AND COLLECT DEBT SERVICE AND OTHER RELATED EXPENSES THROUGH A MONTHLY CHARGE TO THE MEMBERS OF THE COOPERATIVE, KNOWN AS A SECURITIZATION CHARGE. IN ORDER TO ISSUE THE BONDS, THE COOPERATIVE CREATED A SINGLE MEMBER LIMITED LIABILITY COMPANY, COSERV SECURITIZATION 2022 LLC (THE LLC). BASED ON THE FINANCING ORDER, THE LLC SOLD BONDS TO PURCHASE THE SECURITIZED PROPERTY RIGHT FROM THE COOPERATIVE. THE PROCEEDS WERE THEN USED BY THE COOPERATIVE TO PAY THE POWER SUPPLIER FOR THE EXTRAORDINARY WINTER STORM URI COSTS. THE SECURITIZED PROPERTY RIGHT IS RELATED TO THE FUTURE COLLECTION OF REVENUE FROM THE MEMBERS PURSUANT TO STATE LAW. FOR PURPOSES OF THE BONDS, THE LLC IS A SEPARATE LEGAL ENTITY. THE BONDS ARE PAID FOR THROUGH THE SECURITIZATION CHARGES BILLED TO AND COLLECTED FORM THE MEMBERS OF THE COOPERATIVE. THE BONDS ARE NOT A LIABILITY OF THE COOPERATIVE. THEREFORE, FOR STAND ALONE FINANCIAL STATEMENT REPORTING PURPOSES, ONLY THE INVESTMENT IN THE LLC IS REPORTED. IN GENERAL, THIS IS ALSO HOW FORM 990 IS PREPARED. HOWEVER, SINCE THE LLC IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND DISREGARDED FOR FEDERAL INCOME TAX REPORTING PURPOSES, INCLUDING FORM 990, THE FORM 990 HAS BEEN PREPARED ON A CONSOLIDATED BASIS. ACCORDINGLY, THE FOLLOWING ASSETS AND LIABILITIES ARE INCLUDED IN THE FORM 990, PART X BALANCE SHEET AS FOLLOWS: LINE 2 CASH - INCLUDES $22,696,022 LINE 9 PREPAID AND DEFERRED CHARGES - INCLUDES THE SECURITIZED REGULATORY ASSET OF $456,627,231 LINE 15 OTHER ASSETS - INCLUDES $96,168 LINE 17 ACCOUNTS PAYABLE AND ACCRUED EXPENSES - INCLUDES ACCOUNTS PAYABLES ACCRUED INTEREST ON SECURITIZED BONDS OF $9,325,364 LINE 23 SECURED MORTGAGES AND NOTES PAYABLE OF UNRELATED THIRD PARTIES - INCLUDES SECURITIZED BONDS OF $459,958,733 LINE 25 OTHER LIABILITIES - INCLUDES $5,535,324 OF DEFERRED CREDITS ADDITIONALLY, THE FORM 990 INCLUDES $29,007,532 OF REVENUE, INCLUDING INTEREST INCOME, AND $29,007,532 OF OPERATING EXPENSES FOR A NET MARGIN OF $0 FROM THE SECURITIZATION PROCESS. OF THE OPERATING EXPENSES, $25,190,980 IS INTEREST EXPENSE ASSOCIATED WITH LONG-TERM DEBT, $3,372,769 IS THE AMORTIZATION OF THE RESPECTIVE REGULATORY ASSET, AND $443,783 WERE ADMINISTRATIVE & GENERAL IN NATURE. FORM 990, PART X, LINES 1 & 2: THE COOPERATIVE PREVIOUSLY INCLUDED AN INTEREST BEARING MONEY MARKET ACCOUNT AS A COMPONENT OF "CASH - NON-INTEREST BEARING" ON LINE 1 OF PART X. HOWEVER, FOR THE 2023 CALENDAR YEAR, THE COOPERATIVE BEGAN REPORTING THESE AMOUNTS AS "SAVINGS AND TEMPORARY CASH INVESTMENTS" ON LINE 2. TO INCREASE CONSISTENCY, INTEREST BEARING MONEY MARKET ACCOUNT IN THE AMOUNT OF $4,600,000 FOR THE 2022 CALENDAR YEAR HAS BEEN RECLASSED FROM LINE 1 TO LINE 2. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED 46,959,224. PATRONAGE CAPITAL RETIRED - TOTAL -28,103,763. PATRONAGE CAPITAL RETIRED - DISCOUNT 11,978,876. EQUITY METHOD INCOME (LOSS) FROM SUBSIDIARY COMPANY 1,452,171. NET CHANGE IN MEMBERSHIPS 188,485. OTHER COMPREHENSIVE INCOME - POST EMPLOYMENT BENEFITS & AFFILIATES -1,173,467. FORM 990, PART XII, LINE 2C: PURSUANT TO BOARD POLICY, THE BOARD OF DIRECTORS IS THE AUDIT COMMITTEE AND IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURES REMAINED UNCHANGED DURING THE YEAR. QUAIL RUN REALTY LLC 7701 SOUTH STEMMONS FWY CORINTH TX 76210 REAL ESTATE TX 153767 1239796 DENTON COUNTY ELECTRIC COOPERATIVE INC COSERV PROPERTY HOLDINGS LLC 7701 SOUTH STEMMONS FWY CORINTH TX 76210 REAL ESTATE TX 337998 5059853 DENTON COUNTY ELECTRIC COOPERATIVE INC COSERV SECURITIZATION 2022 LLC 2800 QUAIL RUN SUITE 200 CORINTH TX 76210 SECURITIZED BOND ISSUANCE DE 29007532 479419421 DENTON COUNTY ELECTRIC COOPERATIVE INC COSERV ELECTRIC GROUP HEALTH BENEFIT PLAN TRUST 7701 SOUTH STEMMONS FWY CORINTH TX 76210 300403374 MEDICAL SELF INSURANCE FUND TX 501(C)(9) N/A DENTON COUNTY ELECTRIC COOPERATIVE INC 1 COSERV CHARITABLE FOUNDATION 7701 SOUTH STEMMONS FWY CORINTH TX 76210 134281766 COMMUNITY CHARITABLE CONTRIBUTIONS TX 501(C)(3) 7 DENTON COUNTY ELECTRIC COOPERATIVE INC 1 COSERV UTILITIES SERVICES INC 7701 SOUTH STEMMONS FWY CORINTH TX 76210 752766000 GP FOR COSERV INVESTMENTS TX DENTON COUNTY ELECTRIC COOPERATIVE INC C 1228783 1.00000 1 COSERV INVESTMENTS LP 7701 SOUTH STEMMONS FWY CORINTH TX 76210 752729645 INVESTMENTS TX DENTON COUNTY ELECTRIC COOPERATIVE INC C 100499180 387718539 1.00000 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0 COSERV INVESTMENTS LP AND SUBSIDIARIES A 447222 INVOICES AND OTHER RECORDS COSERV INVESTMENTS LP AND SUBSIDIARIES B 2970000 DIVIDENDS DISTRIBUTED COSERV INVESTMENTS LP AND SUBSIDIARIES J N/A - LESS THAN $50,000 COSERV INVESTMENTS LP AND SUBSIDIARIES Q 12062460 INVOICES AND OTHER RECORDS COSERV CHARITABLE FOUNDATION B N/A - LESS THAN $50,000 COSERV CHARITABLE FOUNDATION L N/A - LESS THAN $50,000 COSERV CHARITABLE FOUNDATION N N/A - LESS THAN $50,000 COSERV CHARITABLE FOUNDATION O N/A - LESS THAN $50,000 COSERV ELECTRIC GROUP HEALTH BENEFIT PLAN O N/A - LESS THAN $50,000 COSERV ELECTRIC GROUP HEALTH BENEFIT PLAN R 6619612 INVOICES AND OTHER RECORDS COSERV UTILITIES SERVICES INC B 0 N/A - LESS THAN $50,000 PART IV & V: THE DISCLOSURES PERTAINING TO COSERV INVESTMENTS LP INCLUDE THE FOLLOWING ENTITIES WHICH WERE DISREGARDED OF ITS SOLE OWNER FOR FEDERAL TAX REPORTING PURPOSES, AS OF DECEMBER 31, 2022: COSERV NATURAL, LLC COSERV GAS, LTD RENEWABLE ENERGY ALTERNATIVES, LLC THIRTY SEVEN REALTY GP, LLC THIRTY SEVEN REALTY HOLDINGS LP