2024-04-18T16:35:01-07:00 2023-12-31 990 2023-01-01 430634203 CITIZENS ELECTRIC CORPORATION CITI 8778763511 1500 Rand Avenue Perryville MO 63775 JASON CATES CEO 5737683900 2024-04-19 JASON CATES 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Jason Cates 1500 Rand Avenue Perryville MO 63775 140040021 0 X www.cecmo.com X 1947 MO Sale of electric energy to the cooperative's members. 10 10 90 0 0 0 0 0 152970252 136940727 1528741 3077354 1007083 21940 155506076 140040021 0 0 0 0 7879917 8289428 0 0 0 145065154 124517709 152945071 132807137 2561005 7232884 190238434 189554520 72748075 67637423 117490359 121917097 Sale of electric energy to the cooperative's members 0 0 0 0 0 Provide electric service to an average of 27,525 members with gross consumption of 1.649 billion kWh's. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 0 0 0 1 48 0 1 90 1 0 0 0 0 0 136940727 3077354 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MO X Citizens Electric Corporation 8778763511 1500 Rand Avenue Perryville MO 63775 Jason D Cates CEO 62 0 X 226806 0 74096 Curt Iffert VP of Operations 45 0 X 136750 0 65059 Kent Kassel Superintendent 55 0 X 123726 0 59837 Steve Hlavek Engineering Supervisor 48 0 X 128366 0 52449 Steven Rohan Lineman Tech 46 0 X 127200 0 47778 Eric Besand Lineman Journeyman 46 0 X 124588 0 48028 Rachel Tiehes Manager of Finance 45 0 X 94603 0 28213 William Odneal President 4.5 0 X 21150 0 345 Mark Wengert Secretary 4.23 0 X 14400 0 345 Doyle Oehl Vice President 3.14 0 X 13650 0 345 Derek Miesner Treasurer 3.46 0 X 13350 0 345 Thomas Keim Director 4.25 0 X 13350 0 345 Donald Fulford Director 3.15 0 X 12900 0 345 Glen Weible Director 3.90 0 X 12150 0 345 Rodney Scherer Director 5.99 0 X 12150 0 345 Richard T DeWilde Director 2.51 0 X 11800 0 345 Rex Meyr Director 2.09 0 X 11550 0 345 1098489 0 378910 31 0 1 0 Townsend Tree Service PO Box 128 Parker IN 473680128 Line Clearing 1239348 Paul Hastings LLP 515 S Flower Street Suite 2500 Los Angeles CA 90071 Consulting 977192 Bridgewell Resources PO Box 912368 Denver CO 802912368 Supplier 559080 Cape Electrical Supply PO Box 117215 Atlanta GA 303687215 Supplier 465512 Milbank LLP 55 Hudson Yards New York NY 10001 Consultant 229879 7 0 Program Revenue 221000 136940727 136940727 0 0 0 0 0 0 136940727 3077354 3077354 0 0 0 0 0 0 0 0 0 0 122608 0 0 0 122608 0 122608 122608 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Merchandise & Jobbing 221000 9400 9400 0 0 Other Comprehensive Income 221000 -110068 -110068 0 0 0 0 0 0 -100668 140040021 140040021 0 0 0 0 0 0 1098489 0 3590207 1457442 1586247 557043 0 1497708 24000 0 0 0 335731 56279 660903 995340 0 0 457908 0 81846 1728623 0 6863889 494866 Purchase Power 105456500 Operating & Maintenance 2277330 Property Taxes 2058849 Gross Receipts 1527937 0 132807137 0 0 0 15324295 10574925 0 0 0 0 14635222 12563498 0 0 0 0 0 0 4608048 5513643 460511 117280 203371481 77720317 123070616 125651164 0 0 0 0 31856991 34600733 0 0 282751 533277 190238434 189554520 13336490 9536693 0 0 0 0 0 0 0 0 0 0 52730224 50827163 0 6681361 7273567 72748075 67637423 X 83785 82645 15059 15059 117391515 121819393 117490359 121917097 190238434 189554520 X 7232884 0 0 0 0 -2806146 X 0 1 X 1 1 1 0 1292698 1292698 0 29567457 9668359 19899098 0 0 0 0 0 0 0 0 0 172511326 68051958 104459368 125651164 Patronage Capital Wabash Valley Power 29143841 C Patronage Capital CFD 647868 C Capital Term Certificates 1260323 C Invest A Prime, LLC 7840 C Patronage Capital CoBank 222305 C Patronage Capital Arkansas Electric 388225 C Patronage Capital Cooperative Resource Center 27166 C Patronage Capital MFA Oil 5413 C Patronage Capital NRTC 2430 C Patronage Capital SEDC 237269 C Patronage Capital United Utility 33368 C Patronage Capital NISC 15320 C Economic Development Loans 2609365 C 34600733 0 Accumulated Post Retirement Benefit 2456258 Current Maturities LTD 2685526 Customer Deposits 1023668 Gross Receipts 114653 Accrued Labor/Vacation 860736 Taxes Payable City, County & State 108194 Other 24532 7273567 140040021 0 0 0 0 0 140040021 0 0 0 140040021 132807137 0 0 0 0 0 132807137 0 0 0 132807137 X 0 0 0 Jason D Cates CEO 226806 0 0 0 0 0 53001 0 21095 0 300902 0 0 0 Curt Iffert VP of Operations 136750 0 0 0 0 0 44089 0 20970 0 201809 0 0 0 Kent Kassel Superintendent 123726 0 0 0 0 0 39199 0 20639 0 183564 0 0 0 Steve Hlavek Engineering Supervisor 128366 0 0 0 0 0 31779 0 20670 0 180815 0 0 0 Steven Rohan Lineman Tech 127200 0 0 0 0 0 27663 0 20114 0 174977 0 0 0 Eric Besand Lineman Journeyman 124588 0 0 0 0 0 27663 0 20365 0 172616 0 0 0 Form 990, Part VI, Section A, Line 6 Class of members have the right to participate in the organization's governance and receive capital credit distributions of income from the organization. Form 990, Part VI, Section A, Line 7a Election of members and rights. An Annual Meeting is held, and the members are encouraged to vote for members of the governing body and any changes to the by-laws. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Organization's process used to review Form 990. The complete Form 990 is included in the Board packet sent prior to the Board Meeting and is further reviewed at the Board Meeting prior to filing. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - All Officers, Key Employees, and Directors are asked to complete or review a questionnaire relating to conflicts of interest. Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - Enforcement of conflict policy. An annual conflict of interest form is completed and reviewed. The Policy is reviewed every two years. Enforcement is reviewed per incident with all aspects of the conflict taken into consideration. Section B, line 15a - Compensation Process for Top Officers. The CEO's compensation is approved by the Board of Directors. Comparable compensation data from the market and industry are used in setting the salary. Industry trade organizations assist in the process. Section B, Line 15b - Compensation Process for Officers and Key Employees. Compensation is set through annual performance evaluations and compared to industry wage and benefit surveys. The CEO and Board of Directors set compensation amounts. Union employee salary is set per Union Contract. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - Governing Documents Disclosure Explanation. Governing conflict of interest policy and financial statements are available to the public through a combination of the corporation's website and upon request. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9, Retirement of a portion of 1997, 1998, and 2020 patronage capital to past and present members.