2024-10-21T15:01:27-05:00 2023-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2023-01-01 232172611 ENERGY COOPERATIVE ASSOCIATION OF PENNSYLVANIA ENER 2154132122 50 S 16TH STREET FLOOR 17 PHILADELPHIA PA 19102 DIVYA DESAI EXECUTIVE DIRECTOR 2154132122 2024-10-21 1 1 BRUCE MAYER CPA P00187180 6082744020 2024-10-21 2023 2024-10-15 13:58:12Z THE ENERGY CO-OP DIVYA DESAI 50 S 16TH STREET FLOOR 17 PHILADELPHIA PA 19102 3393733 0 X WWW.THEENERGY.COOP X 1981 PA THE ENERGY CO-OP'S MISSION IS TO BE A LEADER OF TODAY'S SUSTAINABLE ENERGY EVOLUTION. 9 9 7 10 0 0 50 4319 108348 93140 193 3556 864332 1134915 972923 1235930 0 0 0 0 584070 584241 0 0 0 227895 281006 811965 865247 160958 370683 1767517 1791937 1003664 657401 763853 1134536 THE ENERGY CO-OP'S MISSION IS TO BE A LEADER OF TODAY'S SUSTAINABLE ENERGY EVOLUTION. 0 0 OF THE APPROXIMATELY 4300 ENERGY CO-OP MEMBERS, AS OF 12/31/23 WE HAD 2351 RENEWABLE ELECTRICITY MEMBERS IN THE PECO AND PPL SERVICE TERRITORIES WHO WANT TO USE RENEWABLE ELECTRICITY THAT IS SOURCED, EITHER REGIONALLY OR NATIONWIDE, FROM WIND AND SOLAR. OF THE APPROXIMATELY 4300 ENERGY CO-OP MEMBERS, AS OF 12/31/23 WE HAD 2293 HEATING OIL MEMBERS WHO WERE ABLE TO AFFORDABLY HEAT THEIR HOMES AS A RESULT OF THE PROGRAM. OF THE APPROXIMATELY 4300 ENERGY CO-OP MEMBERS, AS OF 12/31/23 WE HAD 613 RENEWABLE NATURAL GAS MEMBERS IN THE PECO AND PGW SERVICE TERRITORIES USING NATURAL GAS SOURCED FROM DECOMPOSITION OF LANDFILL WASTE. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 1 11 0 7 1 0 0 0 0 1 1 3385594 8139 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DIVYA DESAI 2154132122 50 S 16TH STREET FLOOR 17 PHILADELPHIA PA 19102 ETHAN BIRCHARD PRESIDENT 1.00 X X 0 0 0 WILLIAM O'DONNELL VICE PRESIDENT/TREASURER (FROM JUNE) 1.00 X X 0 0 0 DAMALI HARDING TREASURER (THRU JUNE) 1.00 X X 0 0 0 GLENN BERGMAN DIRECTOR 1.00 X 0 0 0 JAY REYNOLDS DIRECTOR 1.00 X 0 0 0 ELOISE YOUNG DIRECTOR 1.00 X 0 0 0 SARA SHANNON DIRECTOR (THRU DEC) 1.00 X 0 0 0 RONALD FISHER DIRECTOR 1.00 X 0 0 0 DEVIN MCDOUGALL DIRECTOR (FROM FEB) 1.00 X 0 0 0 MAXINE DIXON SECRETARY (FROM JUNE) 1.00 X X 0 0 0 DIVYA DESAI EXECUTIVE DIRECTOR 40.00 X 113620 0 20068 113620 0 20068 1 0 0 0 PJM SETTLEMENT INC 2750 MONROE BLVD AUDUBON PA 19403 ELECTRICITY MARKET 767116 DTE ENERGY TRADING INC ONE ENERGY PLAZA 400 WCB DETROIT MI 48226 POWER SERVICES 513693 EDF TRADING NORTH AMERICA LLC 601 TRAVIS STREET HOUSTON TX 77002 NATURAL GAS SERVICES 240869 FREEPOINT COMMODITIES LLC 58 COMMERCE ROAD STAMFORD CT 06902 RENEWABLE ENERGY SERVICES 163750 AVANGRID RENEWABLES LLC 1125 NW COUCH ST SUITE 600 PORTLAND OR 97209 RENEWABLE ENERGY SERVICES 113900 6 4319 4319 HEATING OIL COMMISSIONS 454310 93140 93140 93140 3556 3556 3292454 2157803 1134651 1134651 264 264 264 1235930 1227791 0 3820 133688 375934 9666 27780 37173 7286 47905 6896 74681 16623 57925 34061 9652 5226 10551 8089 DUES AND SUBSCRIPTIONS 2111 865247 96391 282397 534630 816150 465940 395581 143349 107498 47714 37426 5654 10288 75435 105004 446118 75019 1767517 1791937 1003664 657401 1003664 657401 X 0 0 743519 1114202 20334 20334 763853 1134536 1767517 1791937 370683 0 X 0 1 X 1 0 47714 37426 10288 10288 X 3393733 0 3393733 -2157803 -2157803 1235930 3023050 2157803 2157803 865247 0 865247 PART X, LINE 2: THE COOPERATIVE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES AS LONG AS MORE THAN 85% OF REVENUE IS RECEIVED FROM ITS MEMBERS. THE COOPERATIVE IS CONSIDERED A COOPERATIVE CORPORATION FOR PENNSYLVANIA STATE TAX PURPOSES AND MUST PAY A GROSS RECEIPTS TAX ON RECEIPTS FROM THE SALE OF ELECTRIC ENERGY AT RETAIL TO END-USE CUSTOMERS IN PENNSYLVANIA. APPLICABLE TAXES, TOTALING $170,239 AND $224,120 FOR 2023 AND 2022, RESPECTIVELY, HAVE BEEN INCLUDED AS A COMPONENT OF ELECTRICITY PURCHASES ON THE STATEMENTS OF OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON FORM 990 PART VIII, LINE 10B -2,157,803. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON FORM 990 PART VIII, LINE 10B 2,157,803. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE COOPERATIVE SHALL BE OPEN TO THE FOLLOWING CLASSES: (A) CLASS A: ORGANIZATIONS - ANY COOPERATIVE ORGANIZATION, CREDIT UNION, UNINCORPORATED ASSOCIATION, COMMUNITY ASSOCIATION OR NON-PROFIT ORGANIZATION. (B) CLASS B: HOUSEHOLDS - ANY RESIDENTIAL HOUSEHOLD OR RESIDENTIAL CONSUMER OF ENERGY. (C) CLASS C: BUSINESSES - ANY BUSINESSES OR FOR PROFIT ENTERPRISES NOT IN CLASS A. FORM 990, PART VI, SECTION A, LINE 7A EXCEPT AS OTHERWISE PROVIDED BY STATUTE, THE ARTICLES OF INCORPORATION, OR THESE BY-LAWS, DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THOSE MEMBERS WHO CAST VOTES EITHER IN PERSON OR BY PROXY IN ACCORDANCE WITH THESE BY-LAWS. ALL VOTING FOR DIRECTORS SHALL BE BY CLOSED BALLOT. FORM 990, PART VI, SECTION A, LINE 7B A DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY A VOTE OF AT LEAST TWO-THIRDS OF THE MEMBERS PRESENT AND/OR WHO SUBMITTED A LAWFUL PROXY VOTE. THE BYLAWS MAY BE ALTERED, AMENDED OR REPEALED BY A TWO-THIRDS MAJORITY VOTE OF THE MEMBERS PRESENT AND/OR WHO HAVE SUBMITTED A PROXY VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR AND FINANCE COORDINATOR; SUBSEQUENTLY, A DRAFT IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW. ANY CORRECTIONS/CHANGES BY THE FINANCE COMMITTEE ARE DISCUSSED WITH THE EXECUTIVE DIRECTOR/OUTSIDE CPA AND A FINAL COPY IS PREPARED AND FILED BY THE CPA. THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER IS RESPONSIBLE FOR DISCLOSING AFFILIATIONS AND SITUATIONS THAT MIGHT CONSTITUTE OR LEAD TO A CONFLICT OF INTEREST OR MIGHT BE PERCEIVED BY A REASONABLE PERSON AS CONSTITUTING A CONFLICT OF INTEREST. WITHIN 30 DAYS OF ELECTION TO THE BOARD OF DIRECTORS, AND ANNUALLY THEREAFTER, EACH BOARD MEMBER COMPLETES AND SIGNS AN ANNUAL CONFLICT DISCLOSURE QUESTIONNAIRE FORM PROVIDED THAT REQUESTS THEM TO IDENTIFY THEIR INTEREST THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, INCLUDING ALL PROFESSIONAL, FINANCIAL, AND PERSONAL AFFILIATIONS THAT MIGHT AFFECT THEIR INDEPENDENT DECISION-MAKING CAPACITY DURING SERVICE TO THE ENERGY CO-OP, AND WHICH AFFIRMS THAT HE OR SHE: 1. HAS RECEIVED A COPY OF THIS CONFLICTS POLICY; 2. HAS READ AND UNDERSTANDS THIS CONFLICTS POLICY, AND; 3. HAS AGREED TO COMPLY WITH THIS CONFLICTS POLICY. THE ANNUAL DISCLOSURE FORMS ARE MAINTAINED WITH THE ORGANIZATION'S CORPORATE RECORDS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. FOLLOWING DISCUSSION, THE BOARD OR A COMMITTEE OF THE BOARD DELEGATED APPROPRIATE AUTHORITY APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST.