2024-10-09T13:25:39-05:00 2023-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-01-01 610447602 GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION GRAY 6064745136 109 BAGBY PARK GRAYSON KY 41143 BRADLEY CHERRY PRESIDENT & CEO 6064745136 2024-10-08 1 1 TRAVIS C FRICK P01728213 5025830248 2023 2024-10-15 13:58:12Z BRADLEY CHERRY 109 BAGBY PARK GRAYSON KY 41143 41054365 0 X WWW.GRAYSONRECC.COM X 1950 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,576 CUSTOMERS PER MONTH. 5 5 47 0 0 0 0 0 41376300 39388755 78195 412515 1607902 1253095 43062397 41054365 10000 10000 4603146 1072245 6299669 6011133 0 0 0 32149582 33960987 43062397 41054365 0 0 94665552 92629124 56391292 52319970 38274260 40309154 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,576 CUSTOMERS PER MONTH. 0 0 41054365 39988735 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,576 CUSTOMERS PER MONTH. 41054365 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 47 1 0 0 0 0 0 0 0 0 0 39988735 1065630 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X X SHERRY BUCKLER MGR OF FINANCE 6064745136 109 BAGBY PARK GRAYSON KY 41143 JIM BENTLEY VICE CHAIRMAN 1.75 X X 12000 0 0 DANNY MABRY DIRECTOR 2.83 X 14200 0 0 HAROLD DUPUY CHAIRMAN 2.19 X X 12000 0 0 JIMMY WHITT DIRECTOR 3.42 X 14000 0 0 KAYLA WEBB SECRETARY/TREASURER 2.35 X X 12400 0 0 BRADLEY CHERRY PRESIDENT/CEO 40.00 X 124126 0 61916 BRIAN POLING MGR OF TECH SERVICES 40.00 X 112667 0 57768 KYLE CLEVENGER MGR OF OPERATIONS 40.00 X 114310 0 57239 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 40.00 X 122068 0 37041 MICHAEL L MARTIN ASST. MGR. OF OPERATIONS 40.00 X 112618 0 45071 MICHAEL R BLEVINS MAINTENANCE LEADMAN 40.00 X 111542 0 48040 761931 0 307075 12 0 1 0 WA KENDALL & CO INC PO BOX 831 LAWRENCEVILLE GA 30046 ROW CLEARING 1674735 5 STAR ELECTRIC LLC 14201 CALIBER DR SUITE 3 OKLAHOMA CITY OK 73134 ELECTRIC CONTRACTOR 749017 SMITH TREE SERVICE 220 SWINT HOLLOW GREENUP KY 41444 ROW CLEARING 454700 3 PROVIDE ELECTRIC SERVICE 221000 39363608 39363608 OTHER ELECTRIC SERVICES 221000 25147 25147 39388755 412515 412515 JOINT USE RENTS 221000 631015 631015 G&T CAPITAL CREDITS 221000 429098 429098 PATRONAGE CAP CREDITS 221000 170882 170882 22100 22100 1253095 41054365 39988735 0 1065630 10000 10000 1072245 1072245 188726 188726 3291907 3291907 723678 723678 1558182 1558182 248640 248640 24785 24785 99433 99433 163262 163262 2089332 2089332 4106122 4106122 COST OF POWER 24900833 24900833 DISTRIBUTION - MAINTENA 4572490 4572490 ADMINISTRATIVE AND GENE 1659730 1659730 DISTRIBUTION - OPERATIO 1298026 1298026 -4953026 -4953026 41054365 41054365 0 0 271280 268677 9412000 6417000 6057082 5473123 1144677 1315491 76090 77146 93296210 34629078 57714962 58667132 19515623 20037872 473838 372683 94665552 92629124 3453044 2663332 45959871 43950242 6978377 5706396 56391292 52319970 X 159590 161535 -52697 1208473 38167367 38939146 38274260 40309154 94665552 92629124 X 0 2034894 X 0 0 0 232210 232210 1770088 1002662 767426 91006906 33626416 57380490 287006 287006 58667132 PROGRAM RELATED INVESTMENTS 20037872 F 20037872 CUSTOMER DEPOSITS 2117059 CONSUMER ADVANCES FOR CONSTRUCTION 444012 ACCUMULATED POSTRETIREMENT BENEFITS 2417994 OTHER CURRENT AND ACCRUED LIABILITIES 727331 5706396 0 SCHOLARSHIPS 10 10000 X X 0 0 0 BRADLEY CHERRY PRESIDENT/CEO 124126 0 0 0 0 0 0 0 61916 0 186042 0 0 0 KYLE CLEVENGER MGR OF OPERATIONS 114310 0 0 0 0 0 0 0 57239 0 171549 0 0 0 BRIAN POLING MGR OF TECH SERVICES 112667 0 0 0 0 0 0 0 57768 0 170435 0 0 0 MICHAEL R BLEVINS MAINTENANCE LEADMAN 111542 0 0 0 0 0 0 0 48040 0 159582 0 0 0 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 122068 0 0 0 0 0 0 0 37041 0 159109 0 0 0 MICHAEL L MARTIN ASST. MGR. OF OPERATIONS 112618 0 0 0 0 0 0 0 45071 0 157689 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT A MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH A PETITION SIGNED BY 200 OR MORE QUALIFIED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE OF THE MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990, AND REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR KEY EMPLOYEES AND OTHER EMPLOYEES USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. MAJORITY OF COMPENSATION IS NEGOTIATED THROUGH A UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 COPY OF ARTICLES OF INCORPORATION AND BYLAWS ARE GIVEN TO EACH NEW MEMBER. FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN MAGAZINE DISTRIBUTED TO EACH MEMBER. MEETING OF MEMBERS IS HELD ON AN ANNUAL BASIS. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS 1,233,762. MARGINS ALLOCATED TO MEMBERS 1,072,245. MEMBERSHIPS ISSUED, NET 1,945. REFUNDS OF CAPITAL CREDITS -246,640. OTHER EQUITIES -26,418. FORM 990, PART IX, LINE 4 FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.