2024-04-29T12:32:45-07:00 2023-12-31 990 2023-01-01 930272945 SALEM ELECTRIC SALE 5033623601 633 7th Street NW Salem OR 973043802 Anthony Schacher General Manager 5033623601 2024-04-30 Anthony Schacher 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Anthony C Schacher 633 7th St NW Salem OR 973043802 34088655 0 X salemelectric.com X 1938 OR Provide electric service to members. 7 7 50 0 0 0 0 0 32999938 33460039 158641 564006 0 0 33158579 34024045 214711 217554 3855086 6511980 2092676 2189945 0 0 0 26996106 25104566 33158579 34024045 0 0 74755848 78984400 19832713 18300479 54923135 60683921 Provide electric service to members. Provide energy conservation incentives, information and equipment to members. 0 0 Electric sales - 20,745 Heat pump program - 138 projects completed. This program helps residential customers install energy efficient heat pump systems in their homes. Weatherization program - 54 projects completed. This program helps residential members weatherize their homes. 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 108 0 50 1 0 0 0 0 0 33294651 505506 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Salem Electric 5033623601 633 7th Street NW Salem OR 973043802 Anthony Schacher General Manager 40 X 318557 0 70249 Jonathan Phillips Engineering and Operations Manager 40 X 225857 0 58475 Michael Richman Information Technology Manager 40 X 213140 0 57316 Christopher Krieck Administrative Services Manager 40 X 212091 0 56764 Adam Deshon Engineer 40 X 185643 0 53079 Darin Jacobsen Meter Apparatus Tech Lead II 40 X 193679 0 38319 Brian Aicher Line Superintendent 40 X 186256 0 43700 Jacob Knudsen Member Services Manager 40 X 179426 0 44585 Jeff Anderson President 6 X 11650 0 0 Tim Klarr Director 4 X 8773 0 0 Jan Bargen Director 4 X 8315 0 0 Dave Bauer Secretary/Treasurer 4 X 7503 0 0 Joe Van Meter Director 3 X 7333 0 0 John Taylor Director 4 X 5425 0 0 Angie Villery Vice President 2 X 4135 0 0 Cindy Gruber-Condon Director 0 X 1795 0 0 1769578 0 422487 31 0 1 0 DJ's Electrical Inc PO Box 289 Brush Prairie WA 98606 Fiber optic cable installation 674049 A-1 Tree Solutions LLC 2782 Van Kleeck Pl NW Salem OR 97304 Line clearance/tree trimming 455167 Garten Services Inc PO Box 13970 Salem OR 97309 Mailing/bill stuffing services 196290 3 0 Electric Revenue 221000 33101518 33101518 0 0 Rent from electric property 221000 106121 0 0 106121 Sales of clean fuels credits 221000 252400 252400 0 0 0 0 0 0 33460039 481871 0 0 481871 0 0 0 0 0 0 0 0 0 0 0 146745 0 64610 0 82135 82135 0 0 82135 0 34024045 33353918 0 670127 X 15000 202554 0 6511980 946188 0 0 725287 0 518470 45024 36175 0 0 0 0 53799 676993 173992 0 197386 196996 0 140558 215588 0 2158585 63524 Power Cost 12200770 Operations & Maintenance 3900053 Customer Services 2142315 Taxes 1879630 1023178 34024045 0 0 0 714622 646702 13841609 14790701 0 0 3996526 3814182 0 0 0 0 0 0 1394115 1578183 816160 857533 94318225 38164343 53013525 56153882 0 0 0 0 0 0 0 0 979291 1143217 74755848 78984400 13019888 11633324 0 0 0 0 0 0 0 0 0 0 5884189 5548446 0 0 928636 1118709 19832713 18300479 X 190 181 0 0 54922945 60683740 54923135 60683921 74755848 78984400 X 0 0 0 0 0 5760786 X 0 1 X 1 0 4000 0 0 4000 4000 1 America's Electric Cooperatives PAC ORECA 8565 SW Salish Ln Num 130 Wilsonville OR 97070 526147497 4000 0 Schedule C, Part I-A, Line 1 Schedule C, Part I-A, Line 1 - Salem Electric contributes funds to a PAC that supports candidates at the state level who have demonstrated a support for rural electric cooperatives and their issues. Schedule C, Part I-A, Line 2 Schedule C, Part I-A, Line 2 - Salem Electric contributes funds to a PAC that supports candidates at the state level who have demonstrated a support for rural electric cooperatives and their issues. 0 1615108 1615108 0 4350763 2266659 2084104 0 0 0 0 0 7289214 4784879 2504335 0 81063140 31112805 49950335 56153882 0 Member Deposits 624815 Deferred Credits 493894 1118709 X 34024045 0 0 0 0 0 34024045 0 0 0 34024045 27512065 0 0 0 0 0 27512065 0 6511980 6511980 34024045 Schedule D, Part X, Line 2 Schedule D, 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. 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 standards. The cooperative has no uncertain tax positions that would affect its tax-exempt status. Schedule D, Part XII, Line 4b Schedule D, Part XII, Line 4b - This represents net margin for the year that is allocated to members and reported on the Form 990, Part IX, Line 4 as the amount of benefits paid to or for members. 1 Higher Education Coordinating Commission OSAC 3225 25th St SE Salem OR 97302 936015581 15000 Scholarships. 1 0 Low income energy assistance to members. 1142 0 199554 Book Qualifying member's bill credit. Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - For the assistance described in Part II, Line 1 we provide to the commission our selection criteria. After the students have been selected we receive a listing of them. Schedule I, Part II, Line 1 Schedule I, Part II, Line 1 - The purpose of this assistance is to provide for 15, $1,000 scholarships for residents in our service territory Schedule I, Part III Schedule I, Part III - For the non-cash assistance described in Part III, Line 1, we have a process that applicants go through to determine eligibility and assistance amount according to our program's criteria. Applicants have to meet membership and income requirements and these applications are maintained electronically. These funds are credited to the member's account and any unused funds revert back to the program and are not disbursed in cash. X X X X 0 0 0 Anthony Schacher General Manager 318257 0 0 0 300 0 43330 0 37882 0 399769 0 0 0 Jonathan Phillips Engineering and Operations Manager 225857 0 0 0 0 0 31555 0 34922 0 292334 0 0 0 Michael Richman Information Technology Manager 212940 0 0 0 200 0 30396 0 39354 0 282890 0 0 0 Christopher Krieck Administrative Services Manager 212091 0 0 0 0 0 29844 0 37124 0 279059 0 0 0 Darin Jacobsen Meter Apparatus Tech Lead II 193679 0 0 0 0 0 27152 0 16557 0 237388 0 0 0 Brian Aicher Line Superintendent 186256 0 0 0 0 0 25963 0 24945 0 237164 0 0 0 Adam Deshon Engineer 185643 0 0 0 0 0 26159 0 36456 0 248258 0 0 0 Jacob Knudsen Member Services Manager 179426 0 0 0 0 0 25284 0 29465 0 234175 0 0 0 Form 990, Part VI, Section A, Line 4 Bylaw 2.2(a) - Amends the requirement that an application for membership must be in writing, and instead allows the Cooperative to determine the manner and form of member applications. Form 990, Part VI, Section A, Line 4 (Cont. 1) Bylaw 7.8 - Amended to allow the Board of Directors the option to determine the timing of retiring and paying capital reserve contribution. Form 990, Part VI, Section A, Line 6 Form 990, Part VI, Section A, Line 6 - There is only one class of membership for all residential, commercial, general service and industrial customers. Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section A, Line 7a - The one class of members all have one vote per member to elect directors, vote on changes to the cooperative's articles or bylaws and any other action that needs approval of the general membership. Form 990, Part VI, Section A, Line 7b Form 990, Part VI, Section A, Line 7b - In regards to sale, dissolution, merger or conversion of the cooperative the members must ratify the decision of the board of directors. The voting requirements are as follows: two-thirds of the members need to vote on the matter to represent a quorum, no proxy votes, and two-thirds affirmative vote is required to approve the action. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - The Form 990 is prepared by staff. Once the form is prepared, it is sent to the company's attorney and auditor for review. After it is reviewed, it is presented, unsigned, to the board of directors for review at a board meeting prior to filing. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - The cooperative reviews compliance statements, contracts and transactions for conflicts of interest as part of our regular course of business. Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - The board of directors fill out evaluation forms on the general manager annually. They annually do a survey of Oregon and Washington electric co-ops regarding general manager salaries and compensation. They then have a formula they apply to the results to assist in their determination of the general manager's compensation. The general manager annually reviews salary surveys of electric utilities and other businesses in the northwest of comparable size for management staff. The general manager then evaluates results with compensation given to the general manager by the board and compensation provided by supervised staff from the wage and salary program to determine compensation for management staff. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - Unaudited financial statements are mailed to all members prior to our annual meeting and are available on our website. Audited financial statements, bylaws, board policies and other organizational documents are available upon request. Form 990, Part IX, Line 4 Form 990, Part IX, Line 4 - The cooperative has determined that the margin allocated to members best reflects the benefits paid to or for members arising from the clarification of the instructions that patronage dividends paid by section 501(c)(12) organizations are to be reported here. This methodology was chosen because it makes our reporting consistent with how it would be reported if we were a taxable cooperative in that the amount allocated to members would be a deduction from income. This arises from our legal obligation from our bylaw 7.5 stating that "Net savings of the cooperative...shall be appropriated among and credited to the patrons of the cooperative in proportion to the dollar amounts of their patronage of the cooperative during the fiscal year involved." Form 990, Part IX, Line 7 Form 990, Part IX, Line 7 - Included in other expenses below. Form 990, Part IX, Line 9 Form 990, Part IX, Line 9 - Included in other expenses below. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - The other changes in net assets for fund balances results from the following items: change in membership fees: (9), allocated 2023 margin reported as benefits paid to members for 990: 6,511,980, capital credits authorized for payment: (2,250,700), unclaimed capital credits retained by the cooperative: 326,798, changes in other comprehensive income arising from post-retirement benefits obligation: 1,172,717, Total: 5,760,786.