2024-09-25T13:29:24-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 370408325 McDonough Power Cooperative Inc MCDO 1210 W Jackson Street Macomb IL 61455 Robert M Smith President & CEO 3098332101 2024-09-25 true true George Lynch P00187596 9138311150 2024-09-25 2023 2024-08-08 14:25:15Z Robert M Smith 12806237 false X www.mcdonoughpower.com X 1938 IL McDonough Power Cooperative is a member-owned and locally controlled cooperative business whose mission is to provide high quality electric and related services in a safe, reliable and financially responsible manner for the betterment of the membership and the area it serves. 9 9 17 0 0 0 12115577 12742530 48578 19085 41802 44622 12205957 12806237 0 821568 834114 1268842 1159419 0 0 10115547 10812704 12205957 12806237 0 34272689 36265528 18610113 20125800 15662576 16139728 McDonough Power Cooperative is a member-owned and locally controlled cooperative business whose mission is to provide high quality electric and related services in a safe, reliable and financially responsible manner for the betterment of the membership and the area it serves. false false McDonough Power Cooperative supplies electric power to members in portions of Fulton, Hancock, Henderson, Knox, McDonough, Schuyler and Warren counties in West-Central Illinois. More than 5,000 households and businesses receive power from McDonough Power. false false false false false false false false true false true false false 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 false false false false true 12 0 true 17 true false false false false false 12280631 688218 false false false X 9 9 false false false false true true true true true false false true true true true true false true true false X Tracy Camden 3098332101 1210 W Jackson Street Macomb IL 61455 Robert M Smith President & CEO 40.00 0.00 X 176825 0 105804 Doug Bear Line Superintendent 40.00 0.00 X 117263 0 80465 Jamison Holthaus Crew Foreman 44.00 0.00 X 118704 0 45718 Tracy Camden CFO 40.00 0.00 X 128108 0 36088 Joseph Wernsman Journeyman Lineman 45.00 0.00 X 121526 0 34252 Clay Wiemerslage Journeyman Lineman 46.00 0.00 X 125918 0 28660 Steve Hall Director 1.00 0.00 X 5685 0 0 Jerry Riggins Director 2.00 0.00 X 5116 0 0 Walter Lewis Director 2.00 0.00 X 5099 0 0 Michael Cox Director 1.00 0.00 X 5023 0 0 David Lueck Director 1.00 0.00 X 4773 0 0 Jeffrey Moore Director 1.00 0.00 X 4199 0 0 Courtney Chandler Director 1.00 0.00 X 3800 0 0 Steven Lynn Director 1.00 0.00 X 3600 0 0 Robert Dwyer Director 1.00 0.00 X 2794 0 0 828433 0 330987 15 false true false Sellenriek Energy 313 N Gladstone Ave Jonesburg MO 63351 Line Construction 801192 Spoon River Electric Cooperative P O Box 340 Canton IL 61520 Tree Trimming 318243 Meridian Cooperative Inc 100 Ashford Center North Suite 500 Atlanta GA 30338 Software 143981 Tharp Brothers RR 1 Box 107B Hwy 164 Oquawka IL 61469 Boring 130114 Association of Illinois Electric Co 6460 S 6th St Frontage Road E Springfield IL 62712 Service Organizati 114487 5 Sale of Electricity 221000 12094894 12094894 Capital Credits 211110 585454 585454 Miscellaneous Electric 211110 62182 62182 12742530 19085 19085 9504 9504 9504 9504 Other Non-Operating 900099 35118 35118 35118 12806237 12777648 0 28589 X 834114 486913 672506 782598 1247944 Cost of Power 6999960 6999960 Distribution Expense 867778 867778 Admin & General 684111 684111 Member Services 171899 171899 58414 12806237 0 0 0 111759 525 1091210 1077107 250166 296261 65593 58115 43434121 15260655 26304233 28173466 6419302 6630666 30426 29388 34272689 36265528 1890023 1487579 29167 155950 16549055 18482271 141868 18610113 20125800 X 101212 95012 753271 802664 14808093 15242052 15662576 16139728 34272689 36265528 X 0 477152 X false true X true 274283 274283 2903547 928916 1974631 40256291 14331739 25924552 28173466 Investments in Assoc Organizations 6242851 C Subordinated Certificates 387815 C 6630666 X 12806237 12806237 12806237 11972123 11972123 834114 834114 12806237 Other expenses included on Form 990 (Part XII, line 4b) Assignement of Margins to Members $ 834,114 Footnote for uncertain tax position under FIN 48 (Part X) An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Cooperative. While the Cooperativebelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theCooperative. The Cooperative recognizes any interest and penaltiesassessed by taxing authorities in income tax expense; and, with fewexeptions, is no longer subject to federal, state, or local income taxexaminations by taxing authorities for years before 2020. X false false false Robert M Smith President & CEO 176825 81334 24470 282629 Doug Bear Line Superintendent 117263 56589 23876 197728 Clay Wiemerslage Journeyman Lineman 125918 16710 11950 154578 Joseph Wernsman Journeyman Lineman 121526 17013 17239 155778 Jamison Holthaus Crew Foreman 118704 22663 23055 164422 Tracy Camden CFO 128108 23365 12723 164196 Members or stockholder classes and rights Part VI line 6 McDonough Power is wholly owned by the members of the Cooperative. Member election for additional members Part VI line 7a The members elect the Board of Directors. Governing body decisions Part VI line 7b Members of the Cooperative must ratify changes to the bylaws. Form 990 governing body review Part VI line 11 The Finance & Accounting Manager review the 990 draft for accuracy and will address any questions to preparer prior to submitting to the Board for review and approval. Conflict of interest policy compliance Part VI line 12c Any conflicts of interest are reported to the Board of Directors in a regular monthly Board Meeting. The Board of Directors discusses the issue and determines the appropriate course of action with the benefit of legal counsel. CEO executive director top management comp Part VI line 15a Reviewed and set by the Board of Directors, with the assistance of a survey provided by our statewide organization. Other officer or key employee compensation Part VI line 15b Reviewed and set by the CEO using several compensation surveys. Governing documents etc available to public Part VI line 19 Bylaws are offered to all new members; all other documents are available at any time upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Current Year Margins Assigned to Members $ 834,114Other Changes $ 62,170Retirement of Capital Credits $ -412,932Change in OCI $ -6,200 Total $ 477,152 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividiends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023.