2026-07-13T11:10:04-05:00 2025-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET SUITE 300 JAMESTOWN NY 14701 990 2025-01-01 221317845 SUSSEX RURAL ELECTRIC COOPERATIVE SUSS 9738755101 64 COUNTY ROAD 639 SUSSEX NJ 07461 CHRIS REESE PRESIDENT AND CEO 9738755101 2026-07-13 1 JAMES C ALEXANDER CPA P01384001 7163721620 2025 2025-03-06 01:10:19Z CHRIS REESE 64 COUNTY ROAD 639 SUSSEX NJ 07461 29547553 0 X WWW.SUSSEXREC.COM X 1937 NJ TO PROVIDE ELECTRIC POWER TO MEMBERS. 9 9 48 0 7800 6800 0 0 26086656 27580362 35985 40085 1961444 1927106 28084085 29547553 0 0 392487 377466 690955 738513 0 0 0 25348320 26788083 26431762 27904062 1652323 1643491 57878889 61117810 31362653 32462253 26516236 28655557 TO PROVIDE ELECTRIC POWER TO MEMBERS. 0 0 27904062 TO PROVIDE ELECTRIC POWER TO MEMBERS. 27904062 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 38 0 1 48 1 1 1 0 0 0 0 0 0 27750734 575476 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CORPORATION 9738755101 64 COUNTY ROUTE 639 SUSSEX NJ 07461 JACK HAGGERTY JR CHAIRMAN 6.00 0.50 X X 8000 0 0 WILLIAM KOVACH VICE-CHAIRMAN 5.80 0.50 X X 12100 0 0 RONALD J DUPONT JR SECRETARY/TREASURER 7.00 X X 9000 0 0 THOMAS E MADSEN DIRECTOR 4.50 X 9350 0 0 BARBARA BERGE MILLER DIRECTOR 4.00 X 8800 0 0 BRAD SPARTA DIRECTOR 4.00 1.00 X 11200 0 0 KAREN MCDOUGAL DIRECTOR 3.50 X 7850 0 0 JOSEPH BARCA DIRECTOR 5.00 1.00 X 13550 0 0 MICHAEL ABATE DIRECTOR 2.50 X 8900 0 0 CHRISTOPHER REESE PRESIDENT/CEO 41.54 1.00 X 298094 0 106056 ALISON STORMES DIRECTOR OF FINANCE 40.00 1.00 X 176263 0 64939 MICHAEL OSBORNE DIRECTOR OF ENGINEERING AN 40.84 X 205069 0 53021 JEFFREY ROWEN MANAGER OF OPERATIONS 48.34 X 188625 0 65477 ANTHONY SALOKAS CHIEF LINEMAN 48.02 X 180674 0 43488 KYLE DREW CHIEF LINEMAN 50.52 X 191358 0 60065 THOMAS STONE MANAGER OF OPERATIONS 47.67 X 210857 0 67279 1539690 0 460325 36 0 1 0 ASPLUNDH TREE EXPERT PO BOX 827464 PHILADELPHIA PA 19182 TREE TRIMMING 418436 ARTIO TRAFFIC PROTECTION LLC 709 MAIN STREET SCHWENKSVILLE PA 19473 TRAFFIC CONTROL 190327 2 SALE OF ELECTRICITY 221000 26531654 26531654 OTHER OPERATING REVENUE 221000 1048708 1048708 27580362 34839 34839 7800 782088 0 0 7800 782088 789888 7800 782088 5246 0 5246 5246 5246 G&T AND PATRONAGE CAPITAL CREDITS 221000 562567 562567 SUBSIDIARY GAIN 221000 411099 411099 OTHER 221000 163552 163552 1137218 29547553 28722826 7800 816927 377466 377466 738513 738513 1009132 1009132 2193666 2193666 COST OF POWER 13761343 13761343 DISTRIBUTION - MAINTENA 3763629 3763629 DISTRIBUTION - OPERATIO 2699272 2699272 GENERAL AND ADMINISTRAT 2112248 2112248 1248793 1248793 27904062 27904062 0 0 1090934 2094691 2921988 2637295 1163500 1067308 3807734 5073575 85757580 46349076 39018526 39408504 10077903 10130959 -201696 705478 57878889 61117810 3625692 3761182 2794054 5102246 24488996 23142835 453911 455990 31362653 32462253 X 56030 56175 0 0 26460206 28599382 26516236 28655557 57878889 61117810 X 1643491 495830 X X 0 1 X 1 0 85757580 46349076 39408504 39408504 ALLEGHENY ELECTRIC COOPERATIVE PATRONAGE 8262390 C NRUCFC 1434523 C FEDERATED INSURANCE PATRONAGE 230629 C OTHER 45781 C UNITED UTILITY SUPPLY PATRONAGE 157636 C 10130959 CUSTOMER PREPAYMENTS 455990 455990 X 29547553 0 29547553 0 29547553 27526596 0 27526596 377466 377466 27904062 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO FEDERAL INCOME TAXES ON CERTAIN UNRELATED BUSINESS INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2022 AND LATER YEARS, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS 377,466. PART XII, LINE 4B ADJUSTMENTS: CAPITAL CREDIT RETIREMENTS OF $392,487 IS REPORTED ON PART IX ON THE STATEMENT OF FUNCTIONAL EXPENSES ON THE FORM 990, HOWEVER, ON THE AUDITED FINANCIAL STATEMENTS THEY ARE REPORTED AS A REDUCTION TO EQUITY. X X 0 0 0 CHRISTOPHER REESE PRESIDENT/CEO 286902 0 0 0 11192 0 80443 0 25613 0 404150 0 0 0 THOMAS STONE MANAGER OF OPERATIONS 177519 0 3000 0 30338 0 51479 0 15800 0 278136 0 0 0 MICHAEL OSBORNE DIRECTOR OF ENGINEERING AN 199069 0 6000 0 0 0 53021 0 0 0 258090 0 0 0 JEFFREY ROWEN MANAGER OF OPERATIONS 184812 0 1000 0 2813 0 39864 0 25613 0 254102 0 0 0 KYLE DREW CHIEF LINEMAN 191358 0 0 0 0 0 34452 0 25613 0 251423 0 0 0 ALISON STORMES DIRECTOR OF FINANCE 170263 0 6000 0 0 0 49139 0 15800 0 241202 0 0 0 ANTHONY SALOKAS CHIEF LINEMAN 180674 0 0 0 0 0 34368 0 9120 0 224162 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP OF THE COOPERATIVE HAVE THE POWER TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B CHANGES OR AMENDMENTS TO THE BYLAWS ARE APPROVED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 A SEPARATE COMMITTEE ON THE BOARD APPROVES COMPENSATION FOR THE PRESIDENT BASED ON INDUSTRY AND LOCAL COMPARISIONS. MANAGEMENT DETERMINES COMPENSATION FOR OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIP FEES 145. CHANGE IN OTHER COMPREHENSIVE INCOME 483,701. CHANGES IN OTHER EQUITY 11,984. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE PROCESS SREC RESOURCES INC 64 COUNTY ROUTE 639 SUSSEX NJ 07461 223585145 SALES NJ C 1999689 814544 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 SREC RESOURCES A 7800 COST SREC RESOURCES D 350000 COST SREC RESOURCES O 754986 COST SREC RESOURCES P 188297 COST