2024-10-24T13:53:31-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 370413095 MENARD ELECTRIC COOPERATIVE MENA PO BOX 200 Petersburg IL 62675 Alisha Anker General Manager 2176327746 2024-10-01 true true George Lynch P00187596 9138311150 2024-10-24 2023 2024-10-15 13:58:12Z ALISHA ANKER 35339756 false X WWW.MENARD.COM X 1936 IL TO PROVIDE RELIABLE ELECTRIC SERVICE AT A REASONABLE COST WITH CONCERN FOR THE SAFETY AND WELL-BEING OF THE MEMBERS, THE EMPLOYEES, AND THE COMMUNITIES OF THE COOPERATIVE. 9 9 41 0 0 0 31732485 35237805 64572 48971 -720 26332 31796337 35313108 0 1968911 2598289 1499546 1454860 0 0 28327880 31259959 31796337 35313108 0 79932930 86529247 46760631 51797456 33172299 34731791 TO PROVIDE RELIABLE ELECTRIC SERVICE AT A REASONABLE COST WITH CONCERN FOR THE SAFETY AND WELL-BEING OF THE MEMBERS, THE EMPLOYEES, AND THE COMMUNITIES OF THE COOPERATIVE. false false Provide electric services to over 11,000 members in 8 counties in Central Illinois. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 36 0 true 41 true false false false false false 34924548 1720144 false false false X 9 9 false false false false true true true true true false false true true true true true true false false false X JULIE ATWATER 2176327746 PO BOX 200 Petersburg IL 62675 ALISHA ANKER GENERAL MANAGER 40.00 0.00 X 225386 0 94318 PATRICIA MICHAELS Director of Member Services 40.00 0.00 X 143032 0 77017 Brady Smith Manager of Engineering 40.00 0.00 X 132074 0 43283 Dalton Whitley Director of Operations 40.00 0.00 X 132800 0 40636 BRANDON BLAIR Area Serviceman 43.00 0.00 X 124197 0 45678 ROBERT HANNER AREA SERVICEMAN 42.00 0.00 X 126004 0 34073 JULIE ATWATER DIR ACCTG & FINANCE 40.00 0.00 X 90568 0 38611 MICHAEL E PATRICK DIRECTOR 4.78 0.00 X 9717 0 0 WARREN D GOETSCH DIRECTOR 4.79 0.00 X 8717 0 0 DENNIS M RYAN DIRECTOR 3.16 0.00 X 7217 0 0 GARY HOLLOWAY DIRECTOR 3.37 0.00 X 6717 0 0 DONALD E MCMILLAN DIRECTOR 2.58 0.00 X 6217 0 0 GARY L MARTIN DIRECTOR 2.22 0.00 X 5967 0 0 D JAY FRYE DIRECTOR 2.32 0.00 X 5967 0 0 JODINE L TATE DIRECTOR 1.87 0.00 X 3967 0 0 STEVE WORNER DIRECTOR 1.21 0.00 X 3467 0 0 1032014 0 373616 16 false true false Wright Tree Service 5930 Grand Ave West Des Moines IA 50266 Tree Trimming 1354587 The L E Myers Company 1655 Hubbard St Decatur IL 62524 Line Construction 1302068 Spoon River Electric Coop PO Box 340 Canton IL 61520 Tree Trimming 539312 Federated Rural Electric Insurance 7725 Renner Road Shawnee KS 662179414 Insurance 259673 Southeastern Wood Pole Inspectors P O Box 873 Commerce GA 30529 Pole Inspectors 198315 10 Electric Services 221000 33799815 33799815 Capital Credits 221000 1270934 1270934 Other Miscellaneous 221000 167056 167056 35237805 75619 75619 26337 26337 26337 26337 26648 -26648 -26648 -26648 other 900099 -5 -5 -5 35313108 35211152 0 101956 X 2598289 506836 49230 898794 1476074 2614436 Cost of Power 21267604 21267604 Distribution Cost 4431282 4431282 Member Services 608155 608155 Administrative and General 783674 783674 78734 35313108 0 0 0 1154 1154 831286 716859 2732674 2835557 1471362 1680228 203395 364625 89127303 24461555 58902871 64665748 15790188 16265076 79932930 86529247 3860136 4636047 929744 1012354 40989949 44458803 373181 1000000 607621 690252 46760631 51797456 X 3318870 3497622 29853429 31234169 33172299 34731791 79932930 86529247 X 0 1559492 X false true X true 517869 517869 5004664 2057409 2947255 83604770 22404146 61200624 64665748 Investment in Assoc Organizations 15599694 C Subordinated Certificates 665382 C 16265076 Postretirement Benefits Not Pension 690252 690252 X 35313108 35313108 35313108 32714819 32714819 2598289 2598289 35313108 Other expenses included on Form 990 (Part XII, line 4b) Margins Assigned to Members $2,598,289 Footnote for uncertain tax position under FIN 48 (Part X) The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state and local income tax examinations for years prior to 2020. X true false X X X false true false ALISHA ANKER GENERAL MANAGER 225386 82859 11459 319704 BRANDON BLAIR Area Serviceman 124197 22124 23554 169875 Brady Smith Manager of Engineering 132074 19489 23794 175357 ROBERT HANNER AREA SERVICEMAN 126004 32580 1493 160077 PATRICIA MICHAELS Director of Member Services 143032 75648 1369 220049 Dalton Whitley Director of Operations 132800 17250 23386 173436 Benefit information (Part I, line 1a) Discretionary spending account Manager Anker receives $750 per month car allowance under a non-accountable plan, as agreed upon her contract. This amount is treated as taxable compensation Listed persons compensation information (Part I, line 4) Alisha Anker Nonqualified $22,500Patricia Michels Nonqualified $15,800 Members or stockholder classes and rights Part VI line 6 MEMBER-OWNED COOPERATIVE Member election for additional members Part VI line 7a MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. Governing body decisions Part VI line 7b MEMBERS RATIFY CHANGES TO CERTAIN SECTIONS OF BYLAWS Form 990 governing body review Part VI line 11 EMAILED TO BOARD AND DISCUSSED AT BOARD MEETING Conflict of interest policy compliance Part VI line 12c ANNUAL INTERNAL REVIEW Governing documents etc available to public Part VI line 19 ALL FORMS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT COOPERATIVE HEADQUARTERS. BYLAWS ARE AVAILABLE ON THE COOPERATIVES WEBSITE. Explanation of other changes in net assets or fund balances Part XI line 9 MARGINS ASSIGNED TO MEMBERS $ 2,598,289INCREASE IN MEMBERSHIPS $ 7,750CAPITAL CREDIT GAINS $ 259,412CHANGE IN OCI $ -88,407RETIREMENT OF CAPITAL CREDITS $ -1,217,552 TOTAL $ 1,559,492 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023.