2024-07-16T09:31:23-05:00 2023-12-31 202000257 Fiore Fedeli Snyder Carothers LLP 2013 Sandy Dr Ste 200 State College PA 16803 990 2023-01-01 250865701 WARREN ELECTRIC COOPERATIVE INC WARR 8145637548 320 EAST MAIN STREET YOUNGSVILLE PA 16371 MATTHEW FRANKLIN GENERAL MANAGER 8145637548 2024-07-01 1 MATTHEW FRANKLIN 999009999 1 JOSEPH P FEDELI CPA P00538622 8142378999 2024-07-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MATTHEW FRANKLIN 320 EAST MAIN STREET YOUNGSVILLE PA 16371 13047212 0 X www.warrenec.coop X 1939 PA COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS 9 9 27 0 0 0 0 0 10090684 11471067 47723 108279 1185934 1467866 11324341 13047212 0 0 574386 584808 439651 471768 0 0 0 9620658 10966034 10634695 12022610 689646 1024602 27194633 28527170 2740491 2874662 24454142 25652508 PROVIDING AFFORDABLE ELECTRICITY TO MEMBERS 0 0 PROVIDING ELECTRICITY TO MEMBERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 21 0 1 27 1 0 0 0 0 0 0 0 11471067 1576145 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MATTHEW FRANKLIN GENERAL MANAGER 8145637548 320 EAST MAIN STREET YOUNGSVILLE PA 16371 JAMES MARSHALL CHAIRMAN 5.00 X X 5210 0 0 EDGAR BURRIS VICE CHAIRMAN 3.00 X X 7390 0 0 RICHARD HARRINGTON DIRECTOR 2.00 X 1910 0 0 JEFFREY SEDON TREASURER 2.00 X X 4385 0 0 DENNIS JOHNSON DIRECTOR 2.00 X 7670 0 0 JOHN HAGBERG DIRECTOR 2.00 X 3835 0 0 LEE SITTERLEY DIRECTOR 2.00 X 4110 0 0 VICKI STEC SECRETARY 2.00 X 5535 0 0 KEN LARSON DIRECTOR 2.00 X 7915 0 0 TODD M McCLAIN ADMINISTRATION MANAGER 40.00 X 118992 0 55755 MATTHEW FRANKLIN GENERAL MANAGER & CEO 40.00 X 188683 0 60379 355635 0 116134 2 0 1 0 PENN LINE TREE SERVCIE 300 SCOTTDALE AVENUE SCOTTDALE PA 15683 R-O-W CLEARING 1989994 1 PROVIDE ELECTRICITY TO ITS MEMBER 221000 11471067 11471067 11471067 108279 108279 CONTRIB. IN AID OF CONSTRUCTION 900099 873515 873515 POLE RENTAL REVENUE 900099 304716 304716 CAP CR. - ASSOC. ORGS. 900003 211474 211474 78161 78161 1467866 13047212 12938933 0 108279 584808 471768 4962 1041853 COST OF POWER 4034234 DISTRIBUTION - MAINTENA 3699933 DISTRIBUTION - OPERATIO 757917 CONSUMER ACCOUNTS 543450 883685 12022610 137098 479195 2964327 2495698 1605460 1761837 879738 952874 55489 47709 34965396 15656658 18179971 19308738 3032227 3140866 340323 340253 27194633 28527170 2271084 2465226 205750 116096 263657 293340 2740491 2874662 X 0 0 13102199 14852108 11351943 10800400 24454142 25652508 27194633 28527170 X 1024602 173764 X X 0 1 X 0 0 45296 45296 245510 245510 0 34674590 15411148 19263442 19308738 PATRONAGE CAPITAL IN ASSOC. COOPERATIVES 2683303 C CAPITAL TERM CERTIFICATES 342357 C FEDERATED INSURANCE 115206 C 3140866 DEFERRED CREDITS - CUSTOMER PREPAYMENTS 293340 293340 X 13047212 0 13047212 0 13047212 11437802 0 11437802 584808 584808 12022610 Part X, Line 2: THE COOPERATIVE HAS EXAMINED ITS TAX POSITIONS AND BELIEVES THEY WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE COOPERATIVE'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. Part XII, Line 4b - Other Adjustments: REFUND OF CAPITAL CREDITS TO MEMBERS 584,808. X 0 0 0 MATTHEW FRANKLIN GENERAL MANAGER & CEO 188527 0 0 0 156 0 50215 0 10164 0 249062 0 0 0 TODD M McCLAIN ADMINISTRATION MANAGER 118802 0 0 0 190 0 33114 0 22641 0 174747 0 0 0 Form 990, Part VI, Section A, line 6 MEMBERS OF WARREN ELECTRIC COOPERATIVE AGREE TO PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. Form 990, Part VI, Section A, line 7a GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE. Form 990, Part VI, Section B, line 11b A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS EITHER ELECTRONICALLY OR IN A PAPER FORMAT. THE BOARD OF DIRECTORS REVIEWED THE 990 WITH THE AUDITOR AND MANAGEMENT AT THE MONTHLY BOARD MEETING HELD JUNE 21, 2023. Form 990, Part VI, Section B, line 12c ANNUAL REVIEW AND SIGNATURE OF CONFLICT OF INTEREST POLICIES ARE COMPLETED AND RETAINED AT COOPERATIVE WITH A SUMMARY OF CONFLICTS BEING PROVIDED TO THE BOARD AND MANAGEMENT. Form 990, Part VI, Section B, line 15 NRECA SURVEY DATA PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY AND THE SALARIES OF ALL NON-UNION MEMBERS OF MANAGEMENT, BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY YEAR. Form 990, Part VI, Section C, line 18 990 IS AVAILABLE ON GUIDESTAR AND UPON REQUEST AT THE FRONT DESK OF THE MAIN OFFICE. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE, UPON REQUEST, AT THE FRONT DESK OF THE MAIN OFFICE. Form 990, Part XI, line 9: GAIN ON EARLY RETIREMENT OF CAPITAL CREDITS 5,119. DONATED CAPITAL - MEMBERSHIPS 1,656. MEMBERSHIP FEES -265. RECAPTURE OF CAPITAL CREDITS 167,254. FORM 990, PART XIII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.