2024-06-29T09:43:11-05:00 2023-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2023-01-01 430635689 Northeast Missouri Electric Power Coop NORT 5737692107 P O Box 191 Palmyra MO 634610191 Douglas H Aeilts CEO and General Manager 5737692107 2024-06-28 1 Douglas Aeilts XXX-XX-XXXX 0 Dennis G Koch P01210686 2172248484 2024-06-28 X 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z P O Box 191 Palmyra MO 634610191 99845640 0 X www.northeast-power.coop X Cooperative 1948 MO To power our members with safe, reliable, affordable electricity and value-added services 18 18 85 0 0 3384 0 0 91420285 99459523 195504 299818 4467 4511 91620256 99763852 0 0 2725990 2747148 1307076 1134045 0 0 0 89605232 92935049 93638298 96816242 -2018042 2947610 180141287 199280231 109581294 124372274 70559993 74907957 To power our members with safe, reliable, affordable electricity and value-added services 0 0 96816242 99763852 Electric Power Cooperative - Wholesale Electric Energy 96816242 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 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 1 0 0 1 90 0 1 85 1 1 1 0 0 0 0 93473784 6285557 0 0 0 X 18 18 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Abe Gray 5737692107 3705 Business 61 Palmyra MO 634610191 Douglas H Aeilts CEO & General Manager 55.00 X 483161 0 121995 Skyler Wiegmann Chief Operating Officer 57.00 X 198170 0 64669 Robert A Gray Chief Financial Officer 50.00 X 197642 0 58234 Landon Zaborowski Information Services & Tec 47.00 X 188851 0 64721 Joseph Lemen Safety & Compliance Manage 44.00 X 168949 0 61705 Michael Jeffries Transmission Manager 53.00 X 145732 0 96085 Melissa Kizer Controller 49.00 X 141058 0 82916 Justin Roberts Substation Manager 55.00 X 139403 0 36428 Kevin Sydenstricker Operations Manager 46.00 X 138328 0 70255 Quentin Gehring Engineering Manager 52.00 X 136257 0 41673 Michael Schantz Director 4.00 X 20550 0 0 Marvin Newton Sec/Treasurer/Director 7.00 X X 15750 0 0 Richard Welsh Director 5.00 X 13350 0 0 James Collins Director 3.00 X 12750 0 0 Ollie L Pennewell III Director 4.00 X 12150 0 0 Earl Trachsel Director 3.00 X 11550 0 0 Kenneth McNamar Vice President/Director 4.00 X X 11250 0 0 Joseph Sebolt Director 3.00 X 10350 0 0 Richard Disselhorst Director 3.00 X 10350 0 0 Emery Geisendorfer Jr President/Director 2.00 X X 9450 0 0 Fred Hickenbottom Director 3.00 X 9150 0 0 Thomas Wooten Director 2.00 X 7950 0 0 Danny Smithson Director 3.00 X 7950 0 0 Darrell Downing Director 3.00 X 7950 0 0 Connie Ketsenburg Director 2.00 X 7950 0 0 Michael Miller Director 3.00 X 7200 0 0 Norman Major Director 3.00 X 3600 0 0 Sharon Leake Director 1.00 X 1200 0 0 John Killgore Director 1.00 X 600 0 0 John Bledsoe Director 0.00 X 0 0 0 2118601 0 698681 28 0 1 0 Allgeier Martin & Assoc 7231 E 24th St Joplin MO 64803 Engineering Services 1950045 Burns & McDonnell Engineering Co Inc 425 S Woods Mill Rd Ste 300 Chesterfield MO 63017 Engineering Services 1651173 Hooper Corporation PO Box 88866 Milwaukee WI 53288 Contractor Service 1074069 Stanley Consultants 225 Iowa Ave Muscatine IA 52761 Engineering Services 437046 Capital Electric Line Builders 7050 Ensign Dr Parkville MO 64152 Contractor Service 301519 10 Wholesale Electric Energy 221000 87327362 87327362 Other Electric Revenue 221000 6338685 6338685 Capital Credits 221000 5793476 5793476 99459523 299818 299818 86299 81788 4511 4511 4511 99763852 99763852 0 0 X 2747148 1134045 3015561 3886575 Income Taxes - 990T 711 Purchased Power 70737419 Transmission Maintenanc 6739809 Administrative & Genera 3321238 5233736 96816242 3082824 1555111 8030944 12041716 9398555 12034042 386069 349982 176495545 64913436 101653599 111582109 54627811 60291855 2961485 1425416 180141287 199280231 9702416 12340678 2026306 622983 83528052 82608428 11994304 26115433 2330216 2684752 109581294 124372274 X 900 900 0 0 70559093 74907057 70559993 74907957 180141287 199280231 X 2947610 1400354 X X 0 1 X 1 0 6527589 6527589 14329754 3524708 10805046 155638202 61388728 94249474 111582109 Patronage-Associated Electric 52443379 C Patronage-NRUCFC 330731 C Patronage-CoBank 403346 C Inv in Assoc Organizations 150388 C NRUCFC Investments 1609568 C Other Investments 430422 C Economic Dev Projects & Loans 4924021 C 60291855 Post Retirement Benefits 160684 Special Deposits-125 Plan 72758 Accrued interest payable 968435 Accrued taxes 860930 Accrued compensation 532487 Deferred payments 89458 2684752 X 101245640 1481788 1481788 99763852 0 99763852 94150882 81788 81788 94069094 2747148 2747148 96816242 Part X, Line 2: The cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c)(12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes. Part XI, Line 2d - Other Adjustments: Revenue Deferral 1,400,000. Gross Rental Expenses shown net on 990 81,788. Part XII, Line 2d - Other Adjustments: Gross Rental Expenses shown net on 990 81,788. Part XII, Line 4b - Other Adjustments: Patronage capital retired to members 2,747,148. X 1 1 X X 0 1 0 Douglas H Aeilts CEO & General Manager 466820 0 0 0 16341 0 95737 0 26258 0 605156 0 38059 0 Skyler Wiegmann Chief Operating Officer 196811 0 0 0 1359 0 36495 0 28174 0 262839 0 0 0 Robert A Gray Chief Financial Officer 196801 0 0 0 841 0 27463 0 30771 0 255876 0 0 0 Landon Zaborowski Information Services & Tec 187166 0 570 0 1115 0 36115 0 28606 0 253572 0 0 0 Joseph Lemen Safety & Compliance Manage 167518 0 290 0 1141 0 36078 0 25627 0 230654 0 0 0 Michael Jeffries Transmission Manager 143053 0 0 0 2679 0 83943 0 12142 0 241817 0 0 0 Melissa Kizer Controller 138870 0 0 0 2188 0 56654 0 26262 0 223974 0 0 0 Justin Roberts Substation Manager 138323 0 0 0 1080 0 18191 0 18237 0 175831 0 0 0 Kevin Sydenstricker Operations Manager 137096 0 0 0 1232 0 48487 0 21768 0 208583 0 0 0 Quentin Gehring Engineering Manager 135641 0 0 0 616 0 17176 0 24497 0 177930 0 0 0 Part I, Line 1a The organization is located in a rural area where commercial air travel is not readily available. Written policy allows the use of chartered travel in cases where the use of commercial flights are not possible. Part I, Line 4b Douglas Aeilts - NRECA Deferred Comp Plan - $38,055 Schedule J Line 4b Compensation for the CEO and General Manager includes $38,055 which represents payment of a non-qualified deferred compensation plan. Form 990, Part VI, Section A, line 4 At the April 2024 Annual Meeting the Northeast Power Bylaws were amended to recognize the revised committee structure as well as to allow for Member Meetings to be held virtually in addition to in-person. Below are the Bylaw Sections' amendments: - Article III, Meetings of Members, Section 9, Meetings of Members by Conference Telephone or Similar Communications Equipment - Article III, Meetings of Members, Section 10, Attendance at Meetings of Members - Article XI, Miscellaneous, Section 5, Standing Committees of the Board of Directors - Article XI, Miscellaneous, Section 6, Additional Committees of the Board of Directors A copy of the amended bylaws are attached Form 990, Part VI, Section A, line 6 Each electric distribution cooperative and the wholesale power supplier are members of the Cooperative Form 990, Part VI, Section A, line 7a Each member electric distribution cooperative and the member wholesale power supplier nominate their own representatives (2) to the board. Form 990, Part VI, Section A, line 7b Changes to the Cooperative's bylaws are presented to the membership for consideration and approval. Form 990, Part VI, Section B, line 11b The Federal Form 990 is presented to and reviewed by the Board of Directors before the form is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Cooperative's compliance officer is responsible for monitoring compliance with the Cooperative's conflict of interest policy. Form 990, Part VI, Section B, line 15 The process for determining the CEO's compensation by the Northeast Power board of directors included retaining a compensation consultant to assist with evaluating the CEO's compensation, a review of the CEO's performance, comparisons of other CEO salaries in the state of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the CEO's compensation. All of this is set forth in the Executive Session Minutes of the Northeast Power Board of Directors, such minutes were approved by the full board while in Executive Session. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting CEO and General Manager Douglas H Aeilts at the Cooperative. FORM 990 Part IX, Line 4 Patronage capital retired and paid to members is shown as a deduction from income. In GAAP financial statements, this amount is shown as a retirement of capital in the schedule of patronage capital rather than the income statement. Form 990, Part XI, line 9: Comprehensive income adjustment 354. Deferred revenue 1,400,000. Form 990, Part XII, Line 2C The process for approving the audit has not changed from prior years. The Independent auditor meets with the full board of directors at a regularly scheduled board meeting to review the audited financial statements and related correspondence. Northeast Technologies LLC PO Box 191 Palmyra MO 634610191 043600463 Construction and leasing of dark fiber strands MO Northeast Missouri Electric Power Cooperative