SOUTHWEST IOWA REC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: SOUTHWEST IOWA REC (EIN 20-0538386)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-05-02
IRS object ID: 202201229349300895
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-02T14:30:37-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	450250958	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Eide Bailly LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 E 10th St Ste 500	AddressLine1Txt
City	Sioux Falls	CityNm
State Abbreviation	SD	StateAbbreviationCd
ZIP	571046375	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200538386	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Southwest Iowa REC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SOUT	BusinessNameControlTxt
Phone	8882204869	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1801 Grove Avenue	AddressLine1Txt
City	Corning	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	508411623	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Phil Kinser	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8882204869	PhoneNum
Signature	2022-04-27	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Phil	PersonFirstNm
Person Last	Kinser	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Laurie Hanson CPA	PreparerPersonNm
PTIN	P00851848	PTIN
Phone	6053391999	PhoneNum
Preparation	2022-04-25	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Phil Kinser	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1801 Grove Avenue	AddressLine1Txt
City	Corning	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	508411623	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$12,982,353	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.swiarec.coop	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2004	FormationYr
Legal Domicile State	IA	LegalDomicileStateCd
Activity Or Mission	To distribute electric energy to our members in a manner consistent with sound business practices.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	40	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$8,388	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$524,793	CYContributionsGrantsAmt
PY Program Service Revenue	$12,651,609	PYProgramServiceRevenueAmt
CY Program Service Revenue	$12,217,255	CYProgramServiceRevenueAmt
PY Investment Income	$156,976	PYInvestmentIncomeAmt
CY Investment Income	$86,407	CYInvestmentIncomeAmt
PY Other Revenue	$43,366	PYOtherRevenueAmt
CY Other Revenue	$36,964	CYOtherRevenueAmt
PY Total Revenue	$12,851,951	PYTotalRevenueAmt
CY Total Revenue	$12,865,419	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,222	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$6,904	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$1,130,662	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,243,395	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,070,699	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,082,380	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$9,649,368	PYOtherExpensesAmt
CY Other Expenses	$9,532,740	CYOtherExpensesAmt
PY Total Expenses	$12,851,951	PYTotalExpensesAmt
CY Total Expenses	$12,865,419	CYTotalExpensesAmt
PY Revenues Less Expenses	$0	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$39,579,999	TotalAssetsBOYAmt
Total Assets EOY	$40,599,568	TotalAssetsEOYAmt
Total Liabilities BOY	$22,032,395	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$22,176,584	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$17,547,604	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$18,422,984	NetAssetsOrFundBalancesEOYAmt
Mission	To distribute electric energy to our member-consumers of rural residential, small commercial, large power and public authority users in a manner consistent with sound business practices.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	We distribute electric energy to 5,981 member-consumers of rural residential, small commercial, large power and public authority users in a manner consistent with sound business practices. We installed 124 new services and retired 114 services. We added 43.63 miles of overhead line and retired 44.26 miles of overhead line. We installed 3.13 miles of underground line and retired 0.82 miles of underground line.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	38	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	40	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Members And Shr Gross Income	$12,098,630	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$121,094	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Sarah Newton	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8882204869	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1502 W South Street	AddressLine1Txt
City	Mount Ayr	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	50854	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Marilyn Werner
President	5.42	Yes (X)	Yes (X)	$6,525	$0	$0
Kay Fast
Treasurer	2.78	Yes (X)	Yes (X)	$5,000	$0	$0
Terry Barnes
Director	2.87	Yes (X)		$2,800	$0	$0
Mark Herzberg
Vice President	4.02	Yes (X)	Yes (X)	$2,800	$0	$0
Deena Moore
Director	4.01	Yes (X)		$4,000	$0	$0
Dana Morgan
Director	1.85	Yes (X)		$3,400	$0	$0
Fred Hossle
Director	1.20	Yes (X)		$3,400	$0	$0
Ken Peppmeier
Secretary	2.08	Yes (X)	Yes (X)	$3,000	$0	$0
Jason Smith
Director	2.16	Yes (X)		$3,000	$0	$0
Dale Walkup
Director	2.29	Yes (X)		$3,200	$0	$0
Phil Kinser
CEO/General Manager	40.00		Yes (X)	$162,535	$0	$31,068
Duane Schafer
Director of Operations	40.00			$101,907	$0	$26,297	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$301,567	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$57,365	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SBS Inspections Inc	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	404 North 4th Street	AddressLine1Txt
City	Olathe	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	81425	ZIPCd

Field	Value	IRS element (for citing)
Services	Pole Testing	ServicesDesc
Compensation	$121,954	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$524,793	GovernmentGrantsAmt
Total Contributions	$524,793	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Electric Revenue	221000	$11,682,781	$11,682,781
Capital Credits	900099	$468,480	$468,480
Miscellaneous Revenue	900099	$65,994	$65,994

Field	Value	IRS element (for citing)
Total Program Service Revenue	$12,217,255	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$80,107	TotalRevenueColumnAmt
Exclusion	$80,107	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$13,800	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$7,500	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$6,300	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,300	TotalRevenueColumnAmt
Exclusion	$6,300	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$143,316	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$109,434	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$33,882	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,494	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$8,388	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	Miscellaneous Reveneu	Desc
Business	900099	BusinessCd
Total Revenue Column	$3,082	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,082	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$3,082	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,865,419	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,245,831	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$8,388	UnrelatedBusinessRevenueAmt
Exclusion	$86,407	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$6,904	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,243,395	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$224,825	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,082,566	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$329,739	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$343,089	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$102,161	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$5,569	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$15,100	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,886	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$97,526	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$82,321	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$59,239	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$11,349	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$14,292	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$735,440	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$121,485	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,300,497	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
Purchased Power	$6,151,929
Operations and Maintena	$558,450
Property Tax	$306,010
Consumer Account and Sa	$45,731

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$24,916	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$12,865,419	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$50,241	BOYAmt
EOY	$50,305	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$826,864	BOYAmt
EOY	$954,788	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,281,598	BOYAmt
EOY	$1,208,377	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$897,294	BOYAmt
EOY	$834,948	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$416,008	BOYAmt
EOY	$617,685	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$103,714	BOYAmt
EOY	$117,154	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$49,947,602	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$17,060,416	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$32,159,512	BOYAmt
EOY	$32,887,186	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,460,255	BOYAmt
EOY	$3,459,071	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$384,513	BOYAmt
EOY	$470,054	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$39,579,999	BOYAmt
EOY	$40,599,568	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,582,576	BOYAmt
EOY	$1,519,045	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$19,724,270	BOYAmt
EOY	$20,394,838	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$524,793	BOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$200,756	BOYAmt
EOY	$262,701	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$22,032,395	BOYAmt
EOY	$22,176,584	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$17,547,604	BOYAmt
EOY	$18,422,984	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$17,547,604	BOYAmt
EOY	$18,422,984	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$39,579,999	BOYAmt
EOY	$40,599,568	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$875,380	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$119,082	OtherCostOrOtherBasisAmt
Book Value	$119,082	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,197,307	OtherCostOrOtherBasisAmt
Depreciation	$791,824	DepreciationAmt
Book Value	$405,483	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,017,175	OtherCostOrOtherBasisAmt
Depreciation	$2,614,785	DepreciationAmt
Book Value	$1,402,390	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$44,614,038	OtherCostOrOtherBasisAmt
Depreciation	$13,653,807	DepreciationAmt
Book Value	$30,960,231	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$32,887,186	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Patronage Capital in Associated Organizations	$2,902,354	C
Memberships in Associated Organizations	$6,270	C
Capital Term Certificates	$550,447	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$3,459,071	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
Consumer Deposits	$131,343
Other Deferred Credits	$131,358

Field	Value	IRS element (for citing)
Total Liability	$262,701	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$12,865,419	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$12,865,419	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$12,865,419	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$11,622,024	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$11,622,024	ExpensesSubtotalAmt
Other Expenses Not Included	$1,243,395	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$1,243,395	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$12,865,419	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part X, Line 2:	The Cooperative evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31, 2021 and 2020, the unrecognized tax benefits accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.
Part XII, Line 4b - Other Adjustments:	2021 Margins allocated to members 1,243,395.
Part XII, Line 4b:	Margins allocated for 2021 are included in Form 990, Part IX, Line 4, Statement of Functional Expenses; however, they are not reflected as an expense on the cooperative's financial statement.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	Phil Kinser	PersonNm
Title	CEO/General Manager	TitleTxt
Base Compensation Filing Org	$162,535	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,884	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$20,184	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$193,603	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part I, Line 1a	FormAndLineReferenceDesc
Explanation	The CEO's wife sometimes accompanies him on business travel. The Cooperative covers her travel expenses. No additional expenses were incurred in 2021 as a result of this arrangement.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Section A, line 6	Any individual acting for himself or as an accredited representative of an association, corporation, partnership, or organization, and who customarily uses the services rendered by Southwest Iowa REC, may become a member of Southwest Iowa REC. All members are considered as one class; however, for revenue classification purposes, classes are defined as residential, small commercial, large commercial, public authority and resale.
Form 990, Part VI, Section A, line 7a	All Cooperative members (all considered one class) are entitled to cast one vote for each director that has been nominated to serve on the governing Board of Southwest Iowa REC. Candidates for election on the Board of Directors are nominated by a nominating committee, which committee is elected by the Board. There is a process included in the Articles of Incorporation and By-Laws that provide for nomination by petition, whereby 20 people can place any qualified person on the ballot for election. The election is held at the annual meeting of members. The Cooperative is made up of two regions and each voting member is entitled to cast one vote for each director to be elected from the member's region.
Form 990, Part VI, Section A, line 7b	Some decisions of the governing Board are subject to the members' approval as follows: sale of certain assets; consolidation of assets. Members may also: control the disposition of revenue and receipts; alter, amend or repeal By-Laws by a vote of 75% of the members present or represented. Each member is entitled to one vote. The Articles of Incorporation may only be changed by the members.
Form 990, Part VI, Section A, line 8b	The Cooperative does not have committees with broad authority to act on behalf of the governing body.
Form 990, Part VI, Section B, line 11b	A copy of the prepared Form 990, including any applicable schedules and attachments, is provided to all the members of the Board of Directors for their review prior to submitting the Form 990 to the IRS.
Form 990, Part VI, Section B, line 12c	Annually, and otherwise upon the seating of any new Board member, a disclosure of conflict of interest statement will be signed by each director and the CEO/General Manager. It is the responsibility of the Board President to address any conflicts of interest and to take appropriate action if anyone has been deemed not adhering to this policy. Such action may include being recused from discussion and vote.
Form 990, Part VI, Section B, line 15a	The CEO's compensation is reviewed annually by the governing Board of Directors. This process includes using comparability data of similar positions in the electric industry, as well as other industries.
Form 990, Part VI, Section C, line 19	Southwest Iowa REC makes its governing documents, conflict of interest policy and financial statements available to the public by providing copies upon request.
Form 990, Part XI, line 9:	2021 Margins allocated to members 1,243,395. Retirement of capital credits -368,015.