2024-09-30T07:12:25-05:00 2023-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2023-01-01 430330970 Howard Electric Cooperative HOWA 6602483311 PO Box 391 Fayette MO 65248 Amber Overfelt General Manager 6602483310 2024-09-13 1 0 Dennis G Koch P01210686 2172248484 2024-09-13 X 2023 2024-10-15 13:58:12Z Amber Overfelt PO Box 391 Fayette MO 65248 8918400 0 X www.howardelectric.com X 1936 MO We are proud to provide safe, reliable, affordable and clean electric power to our member-owners. 9 9 17 0 0 0 0 0 8060367 8712132 57597 206268 -9540 0 8108424 8918400 0 0 225397 247677 371270 420441 0 0 0 7360900 7414687 7957567 8082805 150857 835595 29268152 31290611 16729695 17915659 12538457 13374952 X As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op. 0 0 8082805 8918400 Providing electric energy to the members of the cooperative 8082805 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 0 0 1 1 0 1 36 0 1 17 1 0 0 0 0 0 8594225 355157 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X X The Organization 6602483311 PO Box 391 Fayette MO 65248 Amber Overfelt CEO/General Manager 50.00 X 148312 0 72896 Emily Bange CFO/HR 45.00 X 121846 0 43525 Brandon Lightfoot Operations Manager 45.00 X 120387 0 44591 Chad Westhues Construction Foreman 45.00 X 112181 0 35155 Kyle Allinson Journeyman Lineman 45.00 X 109687 0 31492 Nathan Sanders Journeyman Lineman 45.00 X 103899 0 31495 George Frink Director 8.00 X 8200 0 0 Brenda Dougherty Director/Custodian 5.00 X 8000 0 0 Omer Conrow Director 6.00 X 6000 0 0 Debbie Wiswall Secretary 3.00 X X 4400 0 0 Dale Kirby President 4.00 X X 3200 0 0 Lee Young Vice President 5.00 X X 3200 0 0 David Kunze Director 2.00 X 2800 0 0 Bill Westfall Director 3.00 X 2400 0 0 Marvin Hilgedick Director 2.00 X 2200 0 0 Oran Boulden Treasurer 2.00 X X 1400 0 0 Andy Cook Director 1.00 X 500 0 0 758612 0 259154 6 0 1 0 Kiowa Line Builders 801 MO-5 Tipton MO 65081 Line Construction 290280 Burbridge Tree Service 559 State Rt Y Harrisburg MO 65256 ROW Clearing 172300 2 Energy Sales 221000 8372731 8372731 Capital Credits 221000 301384 301384 Other Electric Revenue 221000 43828 43828 Equipment 221000 -5811 -5811 8712132 206268 206268 8918400 8918400 0 0 247677 247677 420441 420441 482606 482606 927299 927299 Purchased Power 3367828 3367828 Distribution Maintenanc 1351860 1351860 Customer Service 366321 366321 Administration 292940 292940 625833 625833 8082805 8082805 0 0 314691 264464 2071163 3558850 654666 599994 508675 485360 207371 183448 30567404 8134396 21821612 22433008 3689974 3765487 29268152 31290611 626331 602773 430000 430000 15360928 16579283 312436 303603 16729695 17915659 X 70980 71880 0 0 12467477 13303072 12538457 13374952 29268152 31290611 X 835595 900 X 0 1 X 1 0 83267 83267 1065979 565894 500085 29418158 7568502 21849656 22433008 Associated Organizations 3550237 C CFC Certificates 165602 C Subsidiary Company 48648 C Other Investments 1000 C 3765487 Customer Advances and Deposits 141832 Deferred Compensation 120272 Post-Employment Benefits 41499 303603 X 8918400 0 8918400 0 8918400 7835128 0 7835128 247677 247677 8082805 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 XII, Line 4b - Other Adjustments: Capital Credits Retired, reported as paid to members 1 X X 0 0 0 Amber Overfelt CEO/General Manager 143853 0 0 0 4459 0 49864 0 23032 0 221208 0 0 0 Emily Bange CFO/HR 121154 0 0 0 692 0 20493 0 23032 0 165371 0 0 0 Brandon Lightfoot Operations Manager 117977 0 0 0 2410 0 21559 0 23032 0 164978 0 0 0 Part I, Line 3 Compensation of the General Manager is done by comparing the salaries of like-sized Electric Cooperatives in similar financial and physical condition, neighboring investor owned utilities and other comparative data. The Board of Directors approve the compensation package annually. Form 990, Part VI, Section A, line 6 Every electric service customer of the cooperative is a member/owner and has a right to a vote at the cooperative's annual meeting. Form 990, Part VI, Section A, line 7a Members of the board of directors are elected by the member/owners of the cooperative at the annual meeting. Form 990, Part VI, Section A, line 7b Members of the cooperative may vote to amend the bylaws of the cooperative Form 990, Part VI, Section B, line 11b The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Officers, directors and management are required to follow the Cooperative's conflict of interest policy and report any potential conflicts to the manager or legal counsel. Form 990, Part VI, Section B, line 15 The process for determining the General Manager's compensation by the Howard Electric board of directors included a review of the General Manager's performance, comparisons of other General Manager salaries in the State of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the general manager's compensation. All of this is set forth in the Minutes of the Howard Electric Board of Directors, such minutes were approved by the full board. Form 990, Part VI, Section C, line 18 Information is available upon request of the Cooperative or at www.guidestar.org Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting General Manager Amber Overfelt at the Cooperative. Form 990, Part XI, line 9: Memberships (net) 900. Howard Electric Service Company LLC PO Box 391 Highway 5 North Fayette MO 65248 383722355 Communications MO Howard Electric Cooperative C -11485 54229 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Howard Electric Service Co O 5456