Pioneer Electric Cooperative Inc
- Assets
- $300.6m
- Revenue
- $84.5m
- Investments
- $0.0
- Employees
- 78
- Location
- Ulysses, KS
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 48-0493444
Organization Overview
Pioneer Electric Cooperative Inc is located in Ulysses, KS. The organization was established in 1946. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Pioneer Electric Cooperative Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pioneer Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Pioneer Electric Cooperative Inc generated $84.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $81.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC COMPANY, A WHOLLY OWNED SUBSIDIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brewer President (from 10/23) | OfficerTrustee | 9 | $31,200 |
James N Bell Trustee | Trustee | 6 | $23,700 |
Jeff Moyer Vice President | OfficerTrustee | 6 | $19,950 |
David Light Trustee | Trustee | 3 | $16,450 |
Steven Arnold Trustee (until 9/23) | Trustee | 3 | $12,650 |
Charles E Milburn Trustee | Trustee | 2 | $11,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Osmose Utilities Services Inc Pole Testing | 12/30/23 | $4,361,890 |
J & J Powerline Contr Inc Line Crew | 12/30/23 | $4,074,509 |
Dick Construction Inc Construction | 12/30/23 | $796,500 |
Nisc Software Management | 12/30/23 | $374,874 |
Atwell Llc Professional Services | 12/30/23 | $191,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,490,627 |
| Investment income | $761,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,514,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,641 |
| Grants and other assistance to domestic individuals. | $55,290 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,148,312 |
| Compensation of current officers, directors, key employees. | $1,840,309 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,955,209 |
| Pension plan accruals and contributions | $1,475,224 |
| Other employee benefits | $1,752,155 |
| Payroll taxes | $518,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,785 |
| Fees for services: Accounting | $62,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,438 |
| Advertising and promotion | $45,385 |
| Office expenses | $139,738 |
| Information technology | $99,612 |
| Royalties | $0 |
| Occupancy | $138,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,129 |
| Interest | $3,570,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,847,681 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $81,171,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,604,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,893,763 |
| Loans from Officers, Directors, or Controlling Persons | $7,221 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $956,020 |
| Inventories for sale or use | $6,252,818 |
| Prepaid expenses and deferred charges | $3,956,365 |
| Net Land, buildings, and equipment | $127,696,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $148,272,584 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,639,525 |
| Accounts payable and accrued expenses | $8,150,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $77,109,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,659,973 |
| Total liabilities | $86,919,937 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $213,719,588 |
| Total liabilities and net assets/fund balances | $300,639,525 |
Grants Awarded
Over the last fiscal year, Pioneer Electric Cooperative Inc has awarded $12,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USD 214 PURPOSE: DRYING RACKS FOR ELEMENTARY ART ($500), LIBRARY UPGRADES ($5,000), BUCKET DRUMMING CARDIO ($1,000), AFTER PROM AND CROSS COUNTRY DONATION ($350) | $6,850 |
SOUTHWEST FRIENDS OF THE ARTS PURPOSE: EQUIPMENT FOR TECH PROPERTIES PROJECT | $5,500 |