2023-10-03T16:18:09-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 370495772 RURAL ELECTRIC CONVENIENCE COOPERATIVE RURA 2174386197 PO BOX 19 AUBURN IL 626150019 SEAN R MIDDLETON PRESIDENT/CEO 2174386197 2023-10-03 true SEAN R MIDDLETON 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-10-03 2022 2023-04-26 12:10:37Z SEAN R MIDDLETON 15058130 false X WWW.RECC.COOP X 1936 IL AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY. 9 9 30 12055 11055 510787 0 13812359 14950438 125096 83918 29545 23774 14477787 15058130 0 779476 405826 803801 754151 0 0 12894510 13898153 14477787 15058130 0 42595868 43536285 28621891 29523856 13973977 14012429 AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY. false false RURAL ELECTRIC CONVENIENCE COOPERATIVE (RECC) SERVES 5,904 CONSUMERS IN SANGAMON, MORGAN, MACOUPIN, CHRISTIAN, AND MONTGOMERY COUNTIES. RECC ALSO SERVES CONSUMERS IN SEVERAL GROWING SUBDIVISIONS AROUND SPRINGFIELD, TAYLORVILLE, LITCHFIELD, AND OTHER TOWNS. false false false false false false false false false true false false false true 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 15 0 true 30 true true true false false false false 14912536 577203 false false false X 9 9 false false true false true true true true true false false true true true true true true true false false X AUBRIE MEGGINSON 2174386197 PO BOX 19 AUBURN IL 626150019 DAVID E STUVA PRESIDENT & 50.00 X 215133 0 32332 TIMOTHY HEMBERGER MGR OPERATIO 45.00 X 98632 0 133875 AUBRIE MEGGINSON MGR FINANCE 45.00 X 84834 0 35992 SEAN R MIDDLETON PRESIDENT/CE 50.00 X 17259 0 8902 THOMAS HART DIRECTOR 4.00 X 18459 0 0 CASSIE EIGENMANN DIRECTOR 4.00 X 18228 0 0 MELVIN REPSCHER DIRECTOR 5.00 X 17871 0 0 JIMMY AYERS DIRECTOR 4.00 X 15245 0 0 CHRIS WILCOX DIRECTOR 4.00 X 14020 0 0 CLAYTON BLOOME DIRECTOR 4.00 X 11206 0 0 ANDY GOLEMAN DIRECTOR 4.00 X 11206 0 0 LOU WEITEKAMP DIRECTOR 4.00 X 10796 0 0 GARY NIEMYER DIRECTOR 4.00 X 10161 0 0 543050 211101 1 false true false FARM CREDIT LEASING SERVICES NW-9675 PO BOX 1450 MINNEAPOLIS MN 55485 VEHICLE LEASING 272860 FOLIES TREE SERVICE PO BOX 1 HILLVIEW IL 62050 TREE CONTRACTOR 203140 ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES 6460 S 6TH STREET FRONTAGE RD E SPRINGFIELD IL 62712 SUPPORT SERVICE 140022 NATIONAL INFORMATION SOLUTION COOP PO BOX 1147 MANDAN ND 58554 SOFTWARE 137286 4 SALE OF ELECTRICITY 221000 14546868 14546868 CAPITAL CREDITS 221000 237425 237425 OTHER ELECTRIC REVENUE 221000 166145 166145 14950438 21038 21038 14332 14332 14332 14332 62880 62880 62880 62880 990T INCOME 900099 12055 12055 MISC NON ELECTRIC REVENUE 900099 -2613 -2613 9442 15058130 15010705 12055 35370 X 405826 754151 1012271 1680579 COST OF POWER 8238852 DISTRIBUTION EXPENSE 1520025 ADMIN & GENERAL 1111226 MEMBER SERVICES 335200 15058130 0 0 0 420000 125046 1144268 1476122 637463 737084 406504 292402 58786159 19863309 38092950 38922850 1894683 1982781 42595868 43536285 1841957 2099469 224877 287256 25303842 26024126 950000 810000 301215 303005 28621891 29523856 X 1121276 1141059 12852701 12871370 13973977 14012429 42595868 43536285 X 0 38452 X false true X true 22209 22209 1435999 814518 621481 57327951 19048791 38279160 38922850 OTHER LIABILITIES 303005 303005 X 15058130 15058130 15058130 14652304 14652304 405826 405826 15058130 SCHEDULE D, PAGE 3, PART X AN EVALUATION OF WHETHER OR NOT IT HAS ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE ASSOCIATION. WHILE THE ASSOCIATION BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE ASSOCIATION. THE ASSOCIATION RECOGNIZES ANY INTEREST AND PENALTIES ASSERTED BY TSXING AUTHORITIES IN INCOME TAX EXPENSE AND, WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2019. SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS ALLOCATED TO MEMBERS 405,826 X false false false DAVID E STUVA PRESIDENT & CEO 215133 20426 11906 247465 TIMOTHY HEMBERGER MGR OPERATIONS 98632 120227 13648 232507 FORM 990, PAGE 6, PART VI, LINE 4 DURING THE YEAR, THE MEMBERS OF THE COOPERATIVE APPROVED TO AMEND THE THE FOLLOWING BYLAWS OF THE COOPERATIVE: ARTICLE III - MEETING OF THE MEMBERS SECTION 4 - QUORUM SETION 4 WAS AMENDED TO LOWER THE NUMBER OF MEMBERS REQUIRED TO ESTABLISH A QUORUM FROM FOUR PERCENT TO TWO PERCENT OF THE MEMBERS ENTITLED TO VOTE. ARTICLE III - MEETING OF MEMBERS SECTION 6 - PROXIES SECTION 6 WAS AMENDED TO PROHIBIT THE USE OF PROXIES IF THE BOARD AUTHORIZES MEMBERS TO VOTE ELECTRONICALLY OR BY MAIL. ARTICLE III - MEETING OF MEMBERS SECTION 10 - MEMBER ATTENDANCE AT MEMBER MEETING SECTION 10 WAS AMENDED TO ALLOW THE BOARD TO CANCEL OR POSTPONE A MEMBER MEETING FOR COMPELLING REASONS AND LISTS ALTERNATIVE METHODS FOR MEMBERS TO PARTICIPATE AND VOTE. THE CHANGE WOULD NOT AFFECT THE REQUIREMENT TO BE PRESENT TO REMOVE A DIRECTOR, AMEND ARTICLES OF INCORPORATION, ALTER BORROWING AUTHORITY, OR TO CONSIDER OTHER IMPORTANT ISSUES IKE CONSOLIDATION, MERGING, DISSOLUTION, OR SELLING COOPERATIVE PROPERTY. ARTICLE III - MEETING OF MEMBERS SECTION 11 - INFORMAL MEMBER ACTION BY MEMBERS VOTING BY MAIL OR ELECTRONIC MEANS ON MATTERS MEMBERS ARE ENTITLED TO VOTE ONMEMBER ATTENDANCE AT MEMBER MEETING SECTION 11 IS NEW AND ALLOWS FLEXIBILITY FOR THE BOARD TO AUTHORIZE VOTING BY MAIL OR OTHER ELECTRONIC MEANS. THE ADDITION OF THIS SECTION DOES NOT AFFECT THE LEGAL REQUIREMENT TO BE PRESENT AND IN PERSON TO REMOVE A DIRECTOR, AMEND ARTICLES OF INCORPORATION, ALTER THE BOARDS BORROWING AUTHORITY, OR TO CONSIDER OTHER IMPORTANT ISSUES LIKE CONSOLIDATION, MERGING, DISSOLUTION, OR SELLING COOPERATIVE PROPERTY. THE CHANGE ALSO REMOVES THE MEMBERS RIGHT TO VOTE IN PERSON OR BY PROXY AT A MEMBER MEETING IN WHICH VOTING BY MAIL OR VOTING ELECTRONICALLY IS ALLOWED. ARTICLE IV - BOARD MEMBER SELECTION SECTION 4 - NOMINATIONS, BALLOTS AND ELECTIONS SECTION 4 WAS AMENDED TO CHANGE THE DATES AND NOW REQUIRES THE DIRECTORS TO APPOINT A NOMINATING COMMITTEE AND HAVE THE COMMITTEE POST ITS NOMINATION 30 DAYS EARLIER. NOMINATING PETITIONS SUBMITTED BY CANDIDATES WILL HAVE TO BE RECEIVED 15 DAYS EARLIER OR 45 DAYS PRIOR TO THE ANNUAL MEETING TO BE INCLUDED ON THE BALLOT. ARTICLE V - MEETINGS OF DIRECTORS SECTION 4 - QUORUM SECTION 4 WAS AMENDED TO ALLOW DIRECTORS TO BE COUNTED TOWARDS A QUORUM WHEN USING TELECOMMUNICATIONS. ARTICLE V - MEETINGS OF DIRECTORS SECTION 5 - MANNER OF ACTING SECTION 5 WAS AMENDED TO ALLOW DIRECTORS PARTICIPATING BY ELECTRONIC OR TELEPHONIC COMMUNICATION TO COUNT TOWARDS A QUORUM WHEN LESS THAN A QUORUM ATTEND IN PERSON. ARTICLE VI - OFFICERS SECTION 3 - REMOVAL OF OFFICERS AND AGENTS BY THE BOARD SECTION 3 WAS AMENDED TO REQUIRE A TWO-THIRDS VOTE OF THOSE DIRECTORS THEN HOLDING OFFICE TO REMOVE AN OFFICER. ARTICLE VII - NON-PROFIT OPERATION SECTION 7 - FORFEITURE OF CAPITAL CREDITS SECTION 7 WAS AMENDED TO CLARIFY THE PROCEDURES FOR PROCESSING UNCLAIMED CAPITAL CREDITS AND MANDATES THAT UNCLAIMED FUNDS BE HELD FOR TWO YEARS BEFORE BEING REASSIGNED TO THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE IS A MEMBER OWNED COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B ANY BYLAW CHANGES ARE APPROVED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE IRS FORM 990 IS REVIEWED BY MANAGEMENT AND THEN EMAILED TO THE BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION IS SELF POLICED. TYPICALLY DIRECTORS AND KEY EMPLOYEES ARE RE-ADDRESSED BEFORE CONFLICTS COULD ARISE. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO IS DONE THROUGH AN ANUUAL REVIEW BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST. FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 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 DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE 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, 2022. FORM 990, PART XI, LINE 9 NET MARGINS ASSIGNED TO MEMBERS 405,826 GAIN ON RETIREMENTS 19,783 RETIREMENT OF CAPITAL CREDITS -387,157 TOTAL 38,452