2024-10-14T11:58:40-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 730297135 INDIAN ELECTRIC COOPERATIVE INC INDI 9182959500 P O BOX 49 CLEVELAND OK 74020 JIM HADLOCK PRESIDENT 9183582514 2024-09-16 true false MICHAEL K BURKE CPA P00054433 9187498337 2024-09-16 2023 2024-10-15 13:58:12Z TODD SCHROEDER 2506 US-64 CLEVELAND OK 74020 66278835 false X WWW.IECOK.COM X 1939 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 96 3600 0 57680355 65022637 334914 823234 364507 273485 58379776 66119356 0 3342163 5905026 1552997 1714593 0 0 53484616 58499737 58379776 66119356 0 160445037 185523215 83230040 102518525 77214997 83004690 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 20,467 ACTIVE SERVICES (24,698 TOTAL SERVICES IN PLACE - 4,231 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. 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 true false false false true 35 0 false 96 true true true false false false false 62204376 1397949 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false OK X THE COOPERATIVE 9183582514 PO BOX 49 CLEVELAND OK 74020 TODD SCHROEDER GENERAL MANA 40.00 X 270726 0 78818 DON LAWRENCE VP OF IT & B 40.00 X 159284 0 55661 KIMBERLY LAY MGR FINANCE 40.00 X 139887 0 70319 JAMES GARRISON VP OF OPERAT 40.00 X 139492 0 70435 DAVID WILSON ASSISTANT GM 40.00 X 147660 0 55676 KENNETH MORGAN LINE FOREMAN 49.86 X 143618 0 58250 JOHN POLLARD VP OF ENGINE 40.00 X 144940 0 55767 JIM HADLOCK PRESIDENT 4.10 X 41162 0 0 MIKE SPRADLING VICE PRESIDE 2.19 X 23835 0 0 GREG FIELDING TRUSTEE 4.72 X 13852 0 0 RALPH JEROME ASSISTANT SE 2.50 X 12400 0 0 LEE PECKENPAUGH TRUSTEE 1.68 X 11800 0 0 BERRY KEELER SECR/TREAS 0.98 X 11009 0 0 CHRIS HUDGINS TRUSTEE 0.94 X 10000 0 0 1269665 444926 18 false true false COOPERATIVE BUILDING SOLUTIONS 77 WESTPORT PLAZA DR SUITE 250 SAINT LOUIS MO 63146 CONSTRUCTION 7697516 TRANS-TEL CENTRAL LLC 2851 N FLOOD AVE NORMAN OK 73069 FIBER CONTRACTO 3432470 DAVIS H ELLIOTT CORPORATION PO BOX 37251 BALTIMORE MD 212973251 ELEC DISTR SRVC 3195662 247 INC PO BOX G COLE CAMP MO 65325 RIGHT OF WAY 2082041 APPLICATION SPECIALTIES PO BOX 1283 CLAREMORE OK 74018 ROW SPRAYING 149734 5 SALES OF ELECTRICITY 221000 62204376 62204376 PATRONAGE DIVIDENDS 221000 2818261 2818261 65022637 823234 823234 237270 237270 237270 237270 3600 159479 -155879 3600 -159479 NON-OPERATING REVENUE 192094 192094 192094 66119356 3600 66115756 X 5905026 683809 1030784 3048986 4683180 COST OF POWER 36826306 DISTRIBUTION 8670881 GENERAL & ADMINISTRATIVE 2263173 CONSUMER EXPENSE 1839527 1167684 66119356 0 0 0 3593039 3313963 17307842 17203357 4590874 4811189 223256 2246679 194401 215933 179945566 57261373 101873196 122684193 32610529 35047901 51900 160445037 185523215 6880831 7050949 60893630 84036358 15455579 11431218 83230040 102518525 X 472525 465025 8276407 9106413 68466065 73433252 77214997 83004690 160445037 185523215 X 0 5789693 X false true X true false 659745 659745 12822324 3047812 9774512 166463497 54213561 112249936 122684193 INVESTMENTS IN ASSOCIATED 35047111 C OTHER 790 C 35047901 FAS 106 OBLIGATION 6422876 CONSUMER DEPOSITS 4118038 OTHER 890304 11431218 X 66119356 66119356 66119356 60214330 60214330 5905026 5905026 66119356 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 5,905,026 X X X false false false TODD SCHROEDER GENERAL MANAGER 257090 10000 3636 52107 26711 349544 DON LAWRENCE VP OF IT & BROADBAND 154450 1200 3634 44874 10787 214945 KIMBERLY LAY MGR FINANCE & ACCTNG 132847 1200 5840 43608 26711 210206 JAMES GARRISON VP OF OPERATIONS 134138 1200 4154 43724 26711 209927 DAVID WILSON ASSISTANT GM 144051 1200 2409 44910 10766 203336 KENNETH MORGAN LINE FOREMAN 137221 1200 5197 31539 26711 201868 JOHN POLLARD VP OF ENGINEERING 142273 1200 1467 29056 26711 200707 SCHEDULE J, PART III PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B REVIEW AND/OR APPROVAL BY BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A SALARY INFORMATION OBTAINED FROM NRECA FOR NATIONAL, REGIONAL AND STATE LEVELS. PERIODICALLY USE CONSULTANT TO REVIEW PAY SCALES. FORM 990, PAGE 6, PART VI, LINE 15B SALARY INFORMATION OBTAINED FROM NRECA FOR NATIONAL, REGIONAL AND STATE LEVELS. PERIODICALLY USE CONSULTANT TO REVIEW PAY SCALES. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART VII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART X FORM 990, PART IX: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 INCREASE IN OTHER EQUITIES 830,006 BENEFITS MARGIN ALLOCATION 5,905,026 INCREASE IN AOCI 152,833 DECREASE IN MEMBERSHIPS -7,500 RETIREMENT OF CAPITAL CREDITS -1,090,672 TOTAL 5,789,693 DARLIN' DOODADS 205 S BROADWAY CLEVELAND OK 74020 UNIFORMS OK N/A