2024-10-30T07:55:10-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 814078510 FREESTATE ELECTRIC COOPERATIVE INC FREE 7854783444 1100 SW AUBURN ROAD TOPEKA KS 666151426 CHRISTOPHER S PARR CEO 7854783444 2024-10-29 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-10-29 2023 2024-10-15 13:58:12Z CHRISTOPHER S PARR 1100 SW AUBURN ROAD TOPEKA KS 666151426 45774395 0 X WWW.FREESTATE.COOP X 2017 KS PROVIDE ELECTRIC POWER AND RELATED SERVICES TO MEMBERS 9 9 94 0 0 0 0 0 46683659 45366168 296704 327866 37690 50962 47018053 45744996 7197 10924 1119427 1338166 764316 633190 0 0 0 45127113 43762716 47018053 45744996 0 0 121824539 125115119 76193031 78950181 45631508 46164938 TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 15,694 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 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 34 0 1 94 1 0 0 0 0 0 0 0 45756405 912196 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 JILL TAGGART 8007941989 1100 SW AUBURN ROAD TOPEKA KS 666151426 X RALPH PHILLIPS TRUSTEE 2.60 X 15960 0 0 ROBERT SAGE TRUSTEE 2.10 X 8466 0 0 DON MONTGOMERY SECRETARY 2.20 X X 12141 0 0 LARRY BUTEL TREASURER 2.40 X X 10516 0 0 MARK WULFKUHLE VICE PRESIDENT 2.10 X X 13516 0 0 BILL CONLEY TRUSTEE 1.60 X 10216 0 0 JEANINE MURPHY PRESIDENT 2.00 X X 10666 0 0 MATT TURECEK TRUSTEE 1.90 X 9116 0 0 KAROL LOHMAN TRUSTEE 4.80 X 13966 0 0 CHRISTOPHER PARR CEO 43.20 X 235891 0 70734 JILL TAGGART CFO 42.00 X 131297 0 52448 ZACHARY STERLING CHIEF OPERATIONS MANAGER 43.80 X 139200 0 84109 MICHELLE KIPPES-MEYER ACCOUNTING MANAGER 40.10 X 131248 0 66829 KYLE HALLGREN JOURNEYMAN LINEMAN 52.60 X 139184 0 41589 BRENT EDGECOMB CHIEF INFORMATION OFFICER 43.60 X 127857 0 40331 GREGORY KRAMER LINE FOREMAN-JOURNEYMAN 48.90 X 128034 0 63581 1137274 0 419621 27 0 1 0 ELECTRICOMM INC PO BOX 8324 TOPEKA KS 66608 CONTRACTOR WORK AND MATERIALS 525169 KANSAS ELECTRIC COOPERATIVE INC PO BOX 4267 TOPEKA KS 66604 STATEWIDE ASSOC DUES, APPARATUS TESTING, 315994 NAT'L INFORMATION SOLUTIONS COOPERATIVE PO BOX 1147 MANDAN ND 58554 SOFTWARE MAINTENANCE & SUPPORT 314010 RDR EXCAVATING INC 3160 SE 21ST ST TOPEKA KS 66607 WORK ORDER TRENCHING/BORING 110674 SOLOMON CORPORATION 1922 S MLK JR DR TEMPLE TX 76504 CONTRACTOR WORK AND MATERIALS 102091 5 SALE OF ELECTRICITY 221000 42461713 42461713 CONTRACT REVENUES 221000 2498374 2498374 OTHER COOPERATIVE CAPITAL CREDITS 221000 406081 406081 45366168 252866 252866 75000 0 75000 75000 75000 44230 29399 14831 14831 NONOPERATING REVENUE 900099 36131 36131 36131 45744996 45417130 0 327866 X 10924 1338166 633190 2270399 5611788 COST OF POWER 23097183 ADMINISTRATIVE AND GENE 4404519 DISTRIBUTION - MAINTENA 3565836 DISTRIBUTION - OPERATIO 3301489 1511502 45744996 188392 134264 5848226 6366677 5920913 5423188 140614 324680 3803310 4276105 210652 219707 147114975 51054743 93247700 96060232 854015 850242 7638913 7859832 3971804 3600192 121824539 125115119 4630948 3750635 17765 29453 58115413 60143482 13428905 15026611 76193031 78950181 X 0 0 0 0 45631508 46164938 45631508 46164938 121824539 125115119 X 0 533430 X 0 1 X 1 0 0 1 X 522928 522928 8480915 6183060 2297855 135386693 44871683 90515010 2724439 2724439 96060232 KANSAS ELECTRIC POWER COOPERATIVE 6103265 C KANSAS ELECTRIC COOPERATIVE 112859 C FEDERATED INSURANCE 235649 C COBANK 696530 C CFC 526215 C NISC 177131 C OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS 8183 C 7859832 DEFERRED CREDITS 11758344 FINANCE LEASE LIABILITY 1080396 OPERATING LEASE LIABILITY 2187871 15026611 X 45744996 0 45744996 0 45744996 44406830 0 44406830 1338166 1338166 45744996 PART IV, LINE 2B: THE COOPERATIVE HOLDS FUNDS THAT ARE COLLECTED FROM MEMBERS FOR FREESTATE COMMUNITY FOUNDATION. THE FUNDS ARE DISBURSED TO THE FOUNDATION AS REQUESTED BY THE FOUNDATION. PART X, LINE 2: IN CONFORMITY WITH ITS BY-LAWS, THE COOPERATIVE CONDUCTS ITS OPERATIONS ON A COOPERATIVE BASIS. ANNUAL REVENUE, IN EXCESS OF THE COST OF PROVIDING SERVICE, IS ALLOCATED IN THE FORM OF CAPITAL CREDITS TO THE MEMBERS' CAPITAL ACCOUNTS ON THE BASIS OF PATRONAGE. THE COOPERATIVE HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE AND FILES IRS FORM 990 ANNUALLY. THE COOPERATIVE IS SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS INCOME. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 1,338,166. X X 0 0 0 CHRISTOPHER PARR CEO 233091 0 0 0 2800 0 39672 0 33555 0 309118 0 0 0 ZACHARY STERLING CHIEF OPERATIONS MANAGER 134950 0 1500 0 2750 0 53048 0 32528 0 224776 0 0 0 MICHELLE KIPPES-MEYER ACCOUNTING MANAGER 126248 0 5000 0 0 0 34388 0 33843 0 199479 0 0 0 GREGORY KRAMER LINE FOREMAN-JOURNEYMAN 128034 0 0 0 0 0 32519 0 32196 0 192749 0 0 0 JILL TAGGART CFO 127289 0 2500 0 1508 0 21387 0 32455 0 185139 0 0 0 KYLE HALLGREN JOURNEYMAN LINEMAN 139184 0 0 0 0 0 9898 0 32752 0 181834 0 0 0 BRENT EDGECOMB CHIEF INFORMATION OFFICER 125857 0 2000 0 0 0 15246 0 26424 0 169527 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN COLUMN C IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. CHRISTOPHER PARR CHANGE IN ACTUARIAL VALUE: 32,577 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: $54,148 ZACHARY STERLING CHANGE IN ACTUARIAL VALUE: $46,986 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: $31,777 MICHELLE KIPPES-MEYER CHANGE IN ACTUARIAL VALUE: $30,445 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: $30,384 GREGORY KRAMER CHANGE IN ACTUARIAL VALUE: $29,319 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: $24,571 KYLE HALLGREN CHANGE IN ACTUARIAL VALUE: $6,920 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: 22,949 JILL TAGGART CHANGE IN ACTUARIAL VALUE: 17,446 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: 30,242 BRENT EDGECOMB CHANGE IN ACTUARIAL VALUE: $11,360 CONTRIBUTION TO THE PLAN BY THE COOPERATIVE: $28,999 FORM 990, PART VI, SECTION A, LINE 6 FREESTATE ELECTRIC COOPERATIVE, INC. IS A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE IDENTICAL VOTING RIGHTS AND ARE ASSIGNED MARGINS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS ARE ELECTED AND VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS AND APPROVAL OF THE BYLAWS ARE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COOPERATIVE REVIEWS THE CURRENT YEAR FORM 990 AND THEN EMAILS THE FORM TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A BOARD POLICY FOR TRUSTEES AND AN EMPLOYEE POLICY FOR EMPLOYEES. EACH ARE COVERED RESPECTIVELY IN THOSE SEPARATE POLICIES. TRUSTEES AND EMPLOYEES HAVE A DUTY TO NOTIFY EXECUTIVE MANAGEMENT OF ANY CONFLICTS OF INTEREST. IF ONE DOES NOT NOTIFY AND IT IS DISCOVERED, DISCIPLINARY ACTION CAN BE TAKEN. CONFLICTS ARE REVIEWED AT THE EXECUTIVE MANAGEMENT (CEO) LEVEL, AND RESTRICTIONS IMPOSED ARE DETERMINED BY THE BOARD FOR A TRUSTEE AND BY EXECUTIVE MANAGEMENT FOR AN EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE MANAGER'S COMPENSATION, AS WELL AS THE OTHER OFFICERS' SALARIES, THROUGH THIRD PARTY SURVEYS AND COMPARISONS TO LIKE UTILITY COMPANIES. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS. ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST AT THE COOPERATIVE OFFICE AND ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CEO/GENERAL MANAGER, MANAGERS, AND HIGHEST COMPENSATED EMPLOYEES. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 1,338,166. RETIREMENT OF CAPITAL CREDITS -804,736. FREESTATE COMMUNITY FOUNDATION INC PO BOX 309 MCLOUTH KS 66054 320535922 DISTRIBUTE MONEY COLLECTED TO WORTHWHILE CHARITABLE AND EDUCATIONAL PURPOSES KS 501(C)(3) PF N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0