2024-05-06T10:05:45-05:00 2023-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-01-01 610337665 SHELBY ENERGY COOPERATIVE SHEL 5026334420 620 OLD FINCHVILLE ROAD SHELBYVILLE KY 40065 JACK BRAGG JR PRESIDENT & CEO 5026334420 2024-04-26 1 JACK BRAGG JR 999009999 1 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SAME AS ABOVE 53500392 0 X WWW.SHELBYENERGY.COM X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDE ELECTRIC SERVICE TO OVER 17,830 CONSUMERS MONTHLY. 6 6 43 0 562488 561488 0 0 54999614 51259784 41665 170820 2911654 2069788 57952933 53500392 6000 3000 2707550 173867 3091663 3245229 0 0 0 52147720 50078296 57952933 53500392 0 0 137224148 143497321 81753136 88096467 55471012 55400854 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDE ELECTRIC SERVICE TO OVER 17,830 CONSUMERS MONTHLY. 0 0 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDES ELECTRIC SERVICE TO OVER 17,830 CONSUMERS MONTHLY. 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 1 0 0 0 1 30 0 1 43 1 1 1 0 0 0 0 0 0 52265050 1235342 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL MORIARTY CFO 5026334420 620 OLD FINCHVILLE ROAD SHELBYVILLE KY 40065 PAT HARGADON DIRECTOR 2.00 X 14890 0 0 ASHLEY CHILTON CHAIRMAN 2.00 X X 14300 0 0 ROGER TAYLOR SEC/TREAS 2.00 X X 14300 0 0 DIANA ARNOLD DIRECTOR 2.00 X 14553 0 0 WAYNE STRATTON DIRECTOR 2.00 X 14300 0 0 JEFFREY JOYCE DIRECTOR 2.00 X 15900 0 0 JACK BRAGG JR PRESIDENT & CEO 50.00 X 213942 0 4586 JASON GINN OPERATIONS/CONTRACT RESOUR 50.00 X 135317 0 63619 RANDY STEVENS SVP POWER DELIVERY SERVICE 50.00 X 140565 0 34847 RICHARD SPOONAMORE LEAD LINE TECHNICIAN 48.00 X 119770 0 39223 KELLY MICHELS LEAD LINE TECHNICIAN 50.00 X 121393 0 42186 DYLAN STAPLES ENGINEERING MANAGER 50.00 X 123118 0 16789 942348 0 201250 18 0 1 0 DAVIS H ELLIOT PO BOX 37251 BALTIMORE MD 21297 DISTRIBUTION PLANT CONSTRUCTION/MAINTENA 3150796 WRIGHT TREE SERVICE PO BOX 1718 DES MOINES IA 50306 ROW CLEARING 1874332 POWER SYSTEM ENGINEERING INC 1532 W BROADWAY MADISON WI 53713 ENGINEERING CONSULTANTS 510988 PARKER UNDERGROUND 4275 KY HIGHWAY 1778 HUSTONVILLE KY 40437 DISTRIBUTION PLANT CONSTRUCTION 409765 PROTECTERRA LLC 4861 KEATS GROVE LANE LEXINGTON KY 40513 ROW SPRAYING 152481 7 ELECTRIC SERVICE 221000 51259784 51259784 51259784 170820 170820 G&T CAPITAL CREDITS 221000 661963 661963 SUBSIDIARY INCOME 221000 562488 562488 JOINT USE RENTS 221000 502034 502034 343303 343303 2069788 53500392 52265050 562488 672854 3000 173867 302185 2149152 281480 340328 172084 41984 21800 180217 2582941 4177725 154463 PURCHASE POWER 38959224 DISTRIBUTION - MAINTENA 3337071 DISTRIBUTION - OPERATIO 2173005 ADMINISTRATIVE AND GENE 870370 -2420504 53500392 1236852 3855360 6198433 6088790 1278288 1941984 315560 284636 121820100 27683021 91167919 94137079 3834837 3801497 30891127 31820115 2301132 1567860 137224148 143497321 4795139 4075618 72967689 78128269 3990308 5892580 81753136 88096467 X 0 0 0 0 55471012 55400854 55471012 55400854 137224148 143497321 X 0 -70158 X X 0 1 X 1 0 121820100 27683021 94137079 94137079 PATRONAGE CAPITAL 31820115 C 31820115 CUSTOMER DEPOSITS 1593042 ACCRUED EXPENSES 704959 CONSUMER ADVANCES FOR CONSTRUCTION 2405636 ACCUMULATED POSTRETIREMENT BENEFITS 1188943 5892580 X PART X, LINE 2: SHELBY ENERGY'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. SHELBY ENERGY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 1 1 X X X 0 0 0 JACK BRAGG JR PRESIDENT & CEO 213942 0 0 0 0 0 0 0 4586 0 218528 0 0 0 JASON GINN OPERATIONS/CONTRACT RESOUR 135317 0 0 0 0 0 0 0 63619 0 198936 0 0 0 RANDY STEVENS SVP POWER DELIVERY SERVICE 140565 0 0 0 0 0 0 0 34847 0 175412 0 0 0 KELLY MICHELS LEAD LINE TECHNICIAN 121393 0 0 0 0 0 0 0 42186 0 163579 0 0 0 RICHARD SPOONAMORE LEAD LINE TECHNICIAN 119770 0 0 0 0 0 0 0 39223 0 158993 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR AND A MEMBER IS SELECTED BY THE COMMITTEE TO RUN FOR DIRECTOR. ANY MEMBER MAY RUN FOR DIRECTOR WITH A PETITION SIGNED BY 100 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A 2/3 MAJORITY VOTE OF THE MEMBERS. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED AT ANY SPECIAL OR REGULAR BOARD MEETING WITH A MAJORITY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW APPROXIMATELY A WEEK BEFORE THE REGULAR BOARD MEETING IS HELD. MEMBERS OF THE BOARD HAVE THE OPPORTUNITY TO ASK QUESTIONS PRIOR TO THE MEETING. THE FORM 990 IS THEN PLACED ON THE AGENDA FOR REVIEW WITH THE FULL BOARD AT THE REGULAR MEETING PRIOR TO BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SHOULD ANY SITUATION BE REPORTED OR COME TO THE ATTENTION OF THE BOARD, IT WOULD BE ADDRESSED IMMEDIATELY. IF THE SITUATION INVOLVES A KEY EMPLOYEE, IT WOULD BE REPORTED TO AND ADDRESSED BY THE PRESIDENT & CEO. SHOULD THE SITUATION INVOLVE THE PRESIDENT & CEO OR A MEMBER OF THE BOARD, IT WOULD BE REPORTED TO THE COOPERATIVE'S LEGAL COUNSEL. THE BOARD IS PROVIDED THE APPLICABLE BOARD POLICY ON AN ANNUAL BASIS TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT AS DOES MANAGEMENT, KEY EMPLOYEES, AND LEAD STAFF MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CEO PERFORMS AN ANNUAL WAGE AND SALARY STUDY WITH ASSISTANCE AND OVERSIGHT OF THE APPLICABLE MANAGER. AN INDEPENDENT HUMAN RESOURCES CONSULTANT CONDUCTS A REVIEW OF THE WAGE INFORMATION ASSEMBLED FOR ALL EMPLOYEES. THE BOARD RECEIVES COMPENSATION DATA FROM BOTH LOCAL AND NATIONAL SURVEYS OF ELECTRIC COOPERATIVES. THE BOARD USES THIS DATA, ALONG WITH A PERFORMANCE REVIEW OF THE CEO, TO SET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION AND BYLAWS ARE MADE AVAILABLE TO EACH NEW MEMBER ON THE COOPERATIVE'S WEBSITE AND AVAILABLE UPON REQUEST. ANNUAL FINANCIAL INFORMATION IS PROVIDED TO ALL MEMBERS IN THE NEWSLETTER MAILED TO EACH MEMBER, AT THE ANNUAL MEMBERSHIP MEETING, ON THE COOPERATIVE'S WEBSITE, AND ON THE KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: NET MARGINS 173,867. COMPREHENSIVE INCOME -14,868. REFUNDS OF CAPITAL CREDITS -347,857. OTHER EQUITIES 118,700. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT. SHELBY ENERGY PROPANE PLUS LLC 1891 ISAAC SHELBY DRIVE SHELBYVILLE KY 40065 731523604 RETAIL SALE OF PROPANE GAS KY 3283195 3955388 SHELBY ENERGY COOPERATIVE