2024-10-08T12:41:56-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 480493444 PIONEER ELECTRIC COOPERATIVE INC PION 6203561211 1850 W OKLAHOMA ULYSSES KS 67880 LINDSAY CAMPBELL CEO 6203564111 2024-10-03 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2024-10-01 2023 2024-10-15 13:58:12Z LINDSAY CAMPBELL 1850 W OKLAHOMA ULYSSES KS 67880 84542266 0 X WWW.PIONEERELECTRIC.COOP X 1944 KS SALE OF ELECTRICITY TO MEMBERS 8 0 78 0 2651728 0 0 0 95436995 77490627 691260 832826 8041028 6190730 104169283 84514183 85990 93931 7261014 5148312 10027864 10541744 0 0 0 81757889 65387722 99132757 81171709 5036526 3342474 294228852 300639525 84015011 86919937 210213841 213719588 TO BE THE DYNAMIC REGIONAL PROVIDER OF SAFE, RELIABLE ENERGY PRODUCTS AND SERVICES, WORKING TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND CUSTOMERS. 0 0 DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC COMPANY, A WHOLLY OWNED SUBSIDIARY. 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 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 394 0 1 78 1 1 1 0 0 0 0 74719905 6952667 0 0 0 X 8 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHANTRY C SCOTT 6203564111 1850 W OKLAHOMA ULYSSES KS 67880 MICHAEL BREWER PRESIDENT (FROM 10/23) 9.00 4.00 X X 31200 28000 0 JAMES N BELL TRUSTEE 6.00 4.00 X 23700 20500 0 JEFF MOYER VICE PRESIDENT 6.00 3.00 X X 19950 16750 0 DAVID LIGHT TRUSTEE 3.00 1.00 X 16450 15750 0 STEVEN ARNOLD TRUSTEE (UNTIL 9/23) 3.00 3.00 X 12650 11950 0 CHARLES E MILBURN TRUSTEE 2.00 0.80 X 11200 10500 0 ALFRED ALEXANDER TRUSTEE 2.00 0.80 X 10950 10150 0 JOHN R JURY SECRETARY/TREASURER 2.00 0.50 X X 10800 10200 0 MARTIE FLOYD PRESIDENT (UNTIL (9/23) 2.00 2.00 X X 7400 6700 0 LORI DEYOE TRUSTEE 0.80 0.40 X 4050 4050 0 MARIETA HAUSER TRUSTEE (UNTIL 10/23) 0.10 0.10 X 1900 1900 0 STEPHEN EPPERSON CEO (UNTIL 7/23) 32.70 9.90 X 533164 0 256475 LINDSAY CAMPBELL INTERIM CEO & EXEC VP & GENERAL COUNSEL 25.80 17.60 X 377881 0 96926 CHANTRY SCOTT INTERIM ASSISTANT CEO & CFO 22.90 17.80 X 308085 0 168136 MICHAEL HANEY VP OF ENGINEERING & OPERATIONS 21.30 19.20 X 232258 0 104844 CLINTON MEIER VP OF ENGINEERING & OPERATIONS 21.50 23.30 X 208868 0 189061 ANITA WENDT VP OF ENERGY SERVICES 27.40 14.00 X 192783 0 100015 ROSS RILEY MANAGER OF ENGINEER & OPERATIONS 42.00 X 192870 0 157168 SHERRY EASTON ACCOUNTING MANAGER 22.50 21.30 X 180885 0 74423 NEAL MANGELS OPERATIONS SUPERVISOR 46.10 X 171608 0 133981 MELISSA MORALES MANAGER OF HUMAN RESOURCES 30.90 9.60 X 156782 0 68972 ABEL DIAZ CREW FOREMAN 49.00 X 153028 0 65661 2858462 136450 1415662 36 0 1 0 OSMOSE UTILITIES SERVICES INC PO BOX 736729 DALLAS TX 75373 POLE TESTING 4361890 J & J POWERLINE CONTR INC PO BOX 861 DODGE CITY KS 67801 LINE CREW 4074509 DICK CONSTRUCTION INC PO BOX 1215 GARDEN CITY KS 67846 CONSTRUCTION 796500 NISC PO BOX 1147 MANDAN ND 58554 SOFTWARE MANAGEMENT 374874 ATWELL LLC TWO TOWNE SQUARE SUITE 700 SOUTHFIELD MI 48076 PROFESSIONAL SERVICES 191480 10 SALES OF ELETRICITY 221000 74339044 74339044 CAPITAL CREDITS 900099 3066673 3066673 SERVICE REVENUE 900099 55034 55034 POLE RENTAL INCOME 900099 29876 29876 77490627 761026 761026 71800 0 71800 71800 71800 22595 28083 -5488 -5488 UNAPPROPROPRIATED SUB EARNINGS 221000 3342475 3342475 MANAGEMENT FEES 900099 2651728 2651728 202015 202015 6196218 84514183 77460751 2651728 4401704 38641 55290 5148312 1840309 4955209 1475224 1752155 518847 63785 62643 10438 45385 139738 99612 138238 20129 3570570 5847681 PURCHASED POWER 51220155 ADMIN & GENERAL EXPENSE 4169348 81171709 1487705 2604561 9758909 10893763 8250 7221 866127 956020 3193778 6252818 6730920 3956365 184922313 57226120 123943724 127696193 148239439 148272584 294228852 300639525 8239959 8150810 73853205 77109154 1921847 1659973 84015011 86919937 X 0 0 0 0 210213841 213719588 210213841 213719588 294228852 300639525 X 3342474 163273 X 0 1 X 1 0 860535 860535 12271631 4404411 7867220 169711762 52821024 116890738 2078385 685 2077700 127696193 INVEST IN ASSOC ORGS-NONGENERAL FUNDS 929131 C INVEST IN ASSOC ORGS-OTHER GENERAL FUNDS 1676427 C INVEST IN ASSOC ORGS-PATRONAGE CAP 86368070 C INVEST IN ECON DEV PROJECTS 779652 C INVESTMENT IN SUBSIDIARY 49056054 C OTHER INVESTMENTS 975100 C SPECIAL FUNDS 8488150 C 148272584 DEFERRED CREDITS 335361 CUSTOMER DEPOSITS 1324612 1659973 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). THE STATE OF KANSAS RECOGNIZES THIS EXEMPTION FOR STATE INCOME TAX PURPOSES. SPEC IS RECOGNIZED AS A C CORPORATION FOR INCOME TAXES. SPEC ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE (ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). THE INCOME TAX ACCOUNTING GUIDANCE RESULTS IN TWO COMPONENTS OF INCOME TAX EXPENSE: CURRENT AND DEFERRED. CURRENT INCOME TAX EXPENSE REFLECTS TAXES TO BE PAID OR REFUNDED FOR THE CURRENT PERIOD BY APPLYING THE PROVISIONS OF THE ENACTED TAX LAW TO THE TAXABLE INCOME OR EXCESS OF DEDUCTIONS OVER REVENUES. SPEC DETERMINES DEFERRED INCOME TAXES USING THE LIABILITY (OR BALANCE SHEET) METHOD. UNDER THIS METHOD, THE NET DEFERRED TAX ASSET OR LIABILITY IS BASED ON THE TAX EFFECTS OF THE DIFFERENCES BETWEEN THE BOOK AND TAX BASES OF ASSETS AND LIABILITIES, AND ENACTED CHANGES IN TAX RATES AND LAWS ARE RECOGNIZED IN THE PERIOD IN WHICH THEY OCCUR. DEFERRED INCOME TAX EXPENSE RESULTS FROM CHANGES IN DEFERRED TAX ASSETS AND LIABILITIES BETWEEN PERIODS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE IF, BASED ON THE WEIGHT OF EVIDENCE AVAILABLE, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM "MORE LIKELY THAN NOT" MEANS A LIKELIHOOD OF MORE THAN 50%; THE TERMS "EXAMINED AND "UPON EXAMINATION" ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. 1 USD 214 111 S BAUGHMAN ULYSSES KS 67880 480699901 SCHOOL DISTRICT 6850 0 DRYING RACKS FOR ELEMENTARY ART ($500), LIBRARY UPGRADES ($5,000), BUCKET DRUMMING CARDIO ($1,000), AFTER PROM AND CROSS COUNTRY DONATION ($350) SOUTHWEST FRIENDS OF THE ARTS PO BOX 394 HUGOTON KS 67951 204073834 501(C)(3) 5500 0 EQUIPMENT FOR TECH PROPERTIES PROJECT 2 0 COLLEGE SCHOLARSHIPS 19 23500 COUNTY FAIRS-DONATIONS TO LIVESTOCK SALES 13 18430 SENIOR MEALS 379 2460 YOUTH TOURS 3 10900 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED FOR THE FIRST SEMESTER ONLY AND ARE PAID DIRECTLY TO THE STUDENTS' CHOICE OF COLLEGE OR SECONDARY EDUCATION. THERE ARE NO ADDITIONAL DOLLARS PROVIDED. YOUTH TOUR DOLLARS ARE PAID DIRECTLY TO THE YOUTH TOUR PROGRAM, NOT TO THE INDIVIDUAL. OTHER ASSISTANCE IS TYPICALLY A ONE-TIME OCCURRENCE AND OF A MINIMAL DOLLAR AMOUNT. 1 X X 0 1 0 STEPHEN EPPERSON CEO (UNTIL 7/23) 493547 0 30643 0 8974 0 226391 0 30084 0 789639 0 0 0 CHANTRY SCOTT INTERIM ASSISTANT CEO & CFO 258682 0 31533 0 17870 0 138352 0 29784 0 476221 0 0 0 LINDSAY CAMPBELL INTERIM CEO & EXEC VP & GENERAL COUN 295876 0 69362 0 12643 0 87900 0 9026 0 474807 0 0 0 CLINTON MEIER VP OF ENGINEERING & OPERATIONS 199914 0 695 0 8259 0 160477 0 28584 0 397929 0 0 0 ROSS RILEY MANAGER OF ENGINEER & OPERATIONS 185210 0 280 0 7380 0 127072 0 30096 0 350038 0 0 0 MICHAEL HANEY VP OF ENGINEERING & OPERATIONS 220376 0 283 0 11599 0 85231 0 19613 0 337102 0 0 0 NEAL MANGELS OPERATIONS SUPERVISOR 163933 0 306 0 7369 0 105397 0 28584 0 305589 0 0 0 ANITA WENDT VP OF ENERGY SERVICES 186004 0 280 0 6499 0 78729 0 21286 0 292798 0 0 0 SHERRY EASTON ACCOUNTING MANAGER 174400 0 280 0 6205 0 52050 0 22373 0 255308 0 0 0 MELISSA MORALES MANAGER OF HUMAN RESOURCES 150584 0 732 0 5466 0 39188 0 29784 0 225754 0 0 0 ABEL DIAZ CREW FOREMAN 150362 0 306 0 2360 0 36077 0 29584 0 218689 0 0 0 PART I, LINE 4B IN 2023, S. EPPERSON, L. CAMPBELL AND C. SCOTT PARTICIPATED IN 457(F) PLANS AND ACCRUED AMOUNTS OF $46,213.97, $25,674.45 AND $12,786.22 RESPECTIVELY. CHANTRY SCOTT OFFICER PAYROLL LAG TRANSITION LOAN X 3000 3000 0 1 1 MIKE HANEY KEY EMPLOYEE PAYROLL LAG TRANSITION LOAN - SALARY ADVANCE X 3312 3312 0 1 1 STEPHEN EPPERSON OFFICER COMPUTER PURCHASE X 1897 909 0 1 1 7221 FORM 990, PART VI, SECTION A, LINE 1A TRUSTEES GENERALLY RECEIVE TOTAL COMPENSATION EXCEEDING $10,000 DURING THE TAX YEAR. ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE INVOLVED IN TRANSACTIONS WITH A RELATED ORGANIZATION, DUE TO THEIR POSITION AS A DIRECTOR FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES HAVE A BUSINESS RELATIONSHIP WITH OTHER TRUSTEES, OFFICERS AND KEY EMPLOYEES DUE TO THEIR POSITION EITHER AS A DIRECTOR, OFFICER OR KEY EMPLOYEE FOR SOUTHERN PIONEER COMPANY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7A PIONEER ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PRESIDENT OF THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE FORMED FROM PIONEER ELECTRIC'S MEMBER OWNERS. THE NOMINATING COMMITTEE PRESENTS THEIR NOMINATIONS FOR TRUSTEE POSITIONS TO THE MEMBER OWNERS AT THE ANNUAL MEETING. THE MEMBER OWNERS CAST THEIR BALLOTS TO ELECT THE BOARD OF TRUSTEES FOR A THREE YEAR TERM AT THE ANNUAL MEMBERSHIP MEETING. IF THERE IS A VACANCY DURING A BOARD MEMBER'S TERM, THE REMAINING BOARD WILL ELECT A REPLACEMENT TRUSTEE FROM THE VACANT DISTRICT. THIS TRUSTEE WILL HOLD THE POSITION UNTIL THE NEXT ANNUAL MEETING. THE TRUSTEE WILL BE NOMINATED FOR ELECTION TO SERVE THE REMAINDER OF THE TERM. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS MUST BE APPROVED BY THE MEMBERS: 1) CHANGES TO THE BYLAWS 2) SALE OF A SIGNIFICANT PORTION OF ASSETS AND/OR LIQUIDATION 3) CHANGES TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION B, LINE 11B MANAGER OF ACCOUNTING REVIEWS THE 990 ALONG WITH MEMBERS OF MANAGEMENT. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR ANY DISCUSSION OR COMMENT. FORM 990, PART VI, SECTION B, LINE 12C PIONEER ELECTRIC COOPERATIVE REQUESTS THAT EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE COMPLETE A FORM 990 QUESTIONNAIRE ANNUALLY. AS PART OF THIS QUESTIONNAIRE REVIEW, CONFLICTS OF INTEREST CAN BE IDENTIFIED. IF A CONFLICT ARISES CONCERNING AN EMPLOYEE, THE CONFLICT IS REPORTED TO THE CEO. IF PIONEER ELECTRIC COOPERATIVE REQUESTS THAT EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE COMPLETE A FORM 990 QUESTIONNAIRE ANNUALLY. AS PART OF THIS QUESTIONNAIRE REVIEW, CONFLICTS OF INTEREST CAN BE IDENTIFIED. IF A CONFLICT ARISES CONCERNING AN EMPLOYEE, THE CONFLICT IS REPORTED TO THE CEO. IF A CONFLICT ARISES CONCERNING THE CEO, THE CONFLICT IS REPORTED TO THE BOARD PRESIDENT. WHEN THERE IS A CONFLICT, THE PERSON IS EXCUSED FROM THE MEETING. IF THERE IS A BIGGER VIOLATION, THE INDIVIDUAL MAY BE REMOVED FROM THEIR RESPECTIVE POSITION. CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD PRESIDENT OR GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, IN ITS ENTIRETY, APPROVES THE CEO (OFFICER), EXECUTIVE VP-ASSISTANT CEO (KEY EMPLOYEE), AND EXECUTIVE VP / GENERAL COUNSEL'S (KEY EMPLOYEE) SALARY. THE NRECA COMPENSATION SURVEY IS USED TO PROVIDE COMPARABLE DATA. THE BOARD DISCUSSES THE SALARIES, AS PROPOSED, WITHOUT THE EMPLOYEES PRESENT. THE BOARD'S APPROVAL OF THE EMPLOYEE'S COMPENSATION IS RECORDED IN THE MINUTES OF THE MEETING. THE WAGES OF ALL OTHER EMPLOYEES, INCLUDING THE CFO, IS BASED UPON A REVIEW OF THE NRECA COMPENSATION SURVEY WITH APPROVAL BY THE CEO. THE BOARD OF TRUSTEES APPROVES THE OVERALL WAGE INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF PIONEER ELECTRIC COOPERATIVE, INC. ARE AVAILABLE UPON REQUEST AT THE COMPANY HEADQUARTERS AT 1850 WEST OKLAHOMA, ULYSSES, KANSAS, 67880, DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CAPITAL CREDIT RETIREMENT -4,584,790. REFUNDS TO ESTATES -40,022. OCI - CHANGE IN DEFINED PENSION PLAN -641,183. GAIN ON RETIREMENT 5,488. UNCLAIMED PATRONAGE 275,468. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 5,148,312. PIONEER ELECTRIC AREA ROUNDUP INC 1850 W OKLAHOMA AVE ULYSSES KS 67880 200157161 BETTERING THE QUALITY OF LIFE OF AREA CITIZENS KS 501(C)(3) LINE 7 PIONEER ELECTRIC COOPERATIVE INC 1 SOUTHERN PIONEER ELECTRIC COMPANY 1850 W OKLAHOMA ULYSSES KS 67880 203898147 ELECTRICITY SALES KS PIONEER ELECTRIC COOPERATIVE INC C 3342475 187089897 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 SOUTHERN PIONEER ELECTRIC COMPANY D 108885953 FMV SOUTHERN PIONEER ELECTRIC COMPANY N 92713 FMV SOUTHERN PIONEER ELECTRIC COMPANY O 2559015 FMV SOUTHERN PIONEER ELECTRIC COMPANY P 180658 FMV SOUTHERN PIONEER ELECTRIC COMPANY Q 1224315 FMV