2024-10-25T08:19:41-05:00 2023-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2023-01-01 440270266 Grundy Electric Cooperative GRUN 6603593941 4100 Oklahoma Ave Trenton MO 64683 Scott Wilson Manager/CEO 6603593941 2024-10-16 1 0 Dennis G Koch P01210686 2172248484 2024-10-16 X 2023 2024-10-15 13:58:12Z Scott Wilson 4100 Oklahoma Ave Trenton MO 64683 14845781 0 X www.grundyec.com X 1938 MO Committed to providing the members with competitively priced, quality electric service 8 8 32 0 0 0 0 0 15357132 14765413 85889 80368 0 0 15443021 14845781 0 0 567941 482402 530784 564558 0 0 0 14130549 13451355 15229274 14498315 213747 347466 57314779 61112488 36136736 38906839 21178043 22205649 X Grundy Electric Cooperative is committed to providing the members with competitively priced, quality electric service. Through a highly-trained, efficient staff, the Cooperative strives to improve the quality of life for all members by participating in economic and community development activities as well as other services and programs to achieve this goal. 0 0 14498315 14845781 Providing electric service to the membership of the Cooperative 14498315 0 0 1 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 1 1 0 0 1 32 0 1 32 1 0 0 0 0 0 14099820 1495961 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 6603593941 4100 Oklahoma Ave Trenton MO 64683 Scott Wilson CEO & Manager 50.00 X 222499 0 120671 Cathy McKay Asst Mgr/Mgr Finance 50.00 X 128913 0 62576 Jeff Pash Operations Manager 50.00 X 124921 0 62156 Hunter Boxley Area Supervisor 46.00 X 114953 0 15078 Scott Crawford Lead Lineman 47.00 X 112844 0 53995 Troy Slagle IT Manager 50.00 X 108532 0 57293 Jeff Norris Area Supervisor 45.00 X 107279 0 54774 Marvin Harding Secretary 8.00 X X 12500 0 0 Alan Guernsey Director 5.00 X 11500 0 0 Joe Hartley Vice President 2.00 X X 8000 0 0 Eric Woodard President 4.00 X X 7500 0 0 Richard Moore Treasurer 8.00 X X 6500 0 0 Adrian Cox Director 3.00 X 6500 0 0 Dan Lentz Director 3.00 X 6500 0 0 Rodney Ewing Director 4.00 X 6000 0 0 984941 0 426543 11 0 1 0 0 Electric Service 221000 13779896 13779896 Non-Operating Margins 221000 472371 472371 Capital Credits 221000 411825 411825 Merchandising 221000 63245 63245 Other Electric Revenue 221000 38076 38076 14765413 80368 80368 14845781 14845781 0 0 482402 482402 564558 564558 1104420 1104420 1432671 1432671 Purchased Power 7186247 7186247 Distribution Expense-Ma 1447857 1447857 Administrative Expenses 883238 883238 Customer Accounts 622891 622891 774031 774031 14498315 14498315 0 0 280897 974508 1644527 930261 1510928 1179278 1110180 965655 55248023 9154349 42171088 46093674 10597159 10969112 57314779 61112488 1357259 1212412 33209069 36056424 1570408 1638003 36136736 38906839 X 25345 25485 0 0 21152698 22180164 21178043 22205649 57314779 61112488 X 347466 680140 X 0 1 X 1 0 AMECPAC 2722 East McCarty St Jefferson City MO 65101 62136 62136 1477272 854020 623252 53708615 8300329 45408286 46093674 Patronage in Other Organizations 8231459 C Investment in Subsidiary 1708234 C Capital Term Certificates - CFC 492354 C Economic Development Loans 537065 C 10969112 Customer Deposits 148852 Post-Retirement Benefit Plan 541641 ERC Deferral 947510 1638003 X 15595781 750000 750000 14845781 0 14845781 14015913 0 14015913 482402 482402 14498315 Part X, Line 2: The Cooperative evaluates the conponents 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 Standards Board Interpretation No. 48 (FSP FIN 48), Accounting for Uncertainty in Income Taxes, which is codified at FASB ASC 740, Income Taxes. The Cooperative's last three tax years are open for examination by the Internal Revenue Service. Part XI, Line 2d - Other Adjustments: Revenue Deferral Part XII, Line 4b - Other Adjustments: Retirement of capital credits treated as payments to members 1 X X X 0 0 0 Scott Wilson CEO & Manager 219390 0 0 0 3109 0 93899 0 26772 0 343170 0 0 0 Cathy McKay Asst Mgr/Mgr Finance 123925 0 0 0 4988 0 36189 0 26387 0 191489 0 0 0 Jeff Pash Operations Manager 119999 0 0 0 4922 0 35730 0 26426 0 187077 0 0 0 Scott Crawford Lead Lineman 112218 0 0 0 626 0 26189 0 27806 0 166839 0 0 0 Troy Slagle IT Manager 107745 0 0 0 787 0 29572 0 27721 0 165825 0 0 0 Jeff Norris Area Supervisor 106854 0 0 0 425 0 24904 0 29870 0 162053 0 0 0 Part I, Line 3 The Board of directors approves the salary of the CEO annually, based on market conditions, a compensation survey and information about other electric cooperatives of similar size. Form 990, Part VI, Section A, line 2 Director Eric Woodard's family rents 20 acres of farm land from CEO Scott Wilson. Director Joe Hartley and CEO Scott Wilson serve together on GEC Rural Foundation's Board of Directors. Form 990, Part VI, Section A, line 6 All of the Cooperative customers are members of the cooperative Form 990, Part VI, Section A, line 7a Members of the Cooperative meet at an annual meeting to vote on the board of directors and any changes to the bylaws of the Cooperative Form 990, Part VI, Section A, line 7b Cooperative member/consumers meet at an annual meeting to vote on proposed changes to the bylaws Form 990, Part VI, Section B, line 11b Copies of Federal Form 990 are reviewed by the Board of Directors and formally approved before the return is filed. Form 990, Part VI, Section B, line 12c The organization requires an annual declaration by board members with notification of any change of status during the year. The Cooperative monitors compliance with the policy. Form 990, Part VI, Section B, line 15 Compensation of the Organization's CEO is determined by the Board of Directors based on performance and comparability studies of similar organizations and documented in the minutes of the executive session of the board meetings. Form 990, Part VI, Section C, line 18 Information is available upon request Form 990, Part VI, Section C, line 19 Information on the Cooperative's governing documents are provided to all members and are available upon request from the Cooperative Form 990, Part XI, line 9: Change in net Memberships 140. Release from Revolving Loan Fund -70,000. Revenue Deferral - Energy 750,000. Innovative Energy Solutions LLC 4100 Oklahoma Ave Trenton MO 64683 431859409 Sale of Appliances and Internet Service Provider MO C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Grundy Electric D Cost Grundy Electric N Cost Grundy Electric O Cost