Pioneer Electric Cooperative Inc
- Assets
- $284.5m
- Revenue
- $104.1m
- Investments
- $0.0
- Employees
- 85
- Location
- Ulysses, KS
- Founding
- 03/1946
- Data as of
- 12/2021
- 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 12/2021, Pioneer Electric Cooperative Inc employed 85 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 12/2021, Pioneer Electric Cooperative Inc generated $104.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $96.3m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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 |
|---|---|---|---|
Stephen Epperson CEO | Officer | 26.17 | $736,867 |
Michael Haney Operations & Engineering Manager | Officer | 30.25 | $445,186 |
Lindsay Campbell Executive VP & General Counsel | Officer | 24.6 | $431,104 |
George Bushnell VP Of Operations & Engineering | Officer | 21.38 | $307,653 |
Chantry Scott CFO | Officer | 21.62 | $255,401 |
Anita Wendt VP Of Energy Services | Officer | 31.38 | $184,743 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solida Tree Service Inc Landscaping | 12/30/21 | $119,920 |
Nisc Contract Computer And Software Support | 12/30/21 | $349,681 |
J And J Powerline Contr Inc Contract Line Labor | 12/30/21 | $3,083,162 |
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 | $92,298,322 |
| Investment income | $815,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,061,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,207 |
| Grants and other assistance to domestic individuals. | $40,466 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $9,254,080 |
| Compensation of current officers, directors, key employees. | $2,429,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,501,404 |
| Pension plan accruals and contributions | $1,507,386 |
| Other employee benefits | $1,656,892 |
| Payroll taxes | $492,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,779 |
| Fees for services: Accounting | $43,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,320 |
| Advertising and promotion | $50,950 |
| Office expenses | $148,162 |
| Information technology | $99,903 |
| Royalties | $0 |
| Occupancy | $280,437 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,339 |
| Interest | $3,794,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,543,537 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $96,339,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,677,335 |
| Loans from Officers, Directors, or Controlling Persons | $10,566 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $766,671 |
| Inventories for sale or use | $2,245,136 |
| Prepaid expenses and deferred charges | $9,988,547 |
| Net Land, buildings, and equipment | $122,938,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $138,604,543 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,468,248 |
| Accounts payable and accrued expenses | $8,071,509 |
| 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 | $76,438,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,671,261 |
| Total liabilities | $86,181,202 |
| 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 | $198,287,046 |
| Total liabilities and net assets/fund balances | $284,468,248 |
Grants Awarded
Over the last fiscal year, Pioneer Electric Cooperative Inc has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STEVENS COUNTY 4-H COUNCIL PURPOSE: ROOF REPAIR | $9,000 |
Liberal, KS PURPOSE: ROOF REPAIR | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
Central Electric Power Cooperative Jefferson City, MO | $478,589,080 | $224,762,707 |
National Electrical Contractors Association Inc Kansas City, MO | $2,543,076 | $175,759,939 |
Kansas Electric Power Cooperative Inc Topeka, KS | $324,892,215 | $155,298,946 |
Citizens Electric Corporation Perryville, MO | $190,238,434 | $155,506,076 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
Cuivre River Electric Cooperative Incorporated Troy, MO | $339,510,149 | $127,588,100 |