SHELBY ELECTRIC COOPERATIVE

Address
PO BOX 560
SHELBYVILLE, IL 62565
Contact
Website: http://shelbyelectric.coop/
Phone: +1 (217) 774-3986
Nonprofit
NTEE: W80 - Public Utilities
EIN: 37-0512347

Mission

TO PROVIDE RELIABLE ELECTRIC AND
 20162015201420132012
Basic features of the organization
Year of formation1938
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$627,075.00$502,923.00 $476,731.00$381,840.00
Sum of reportable (W2/1099) compensation$627,075.00$502,923.00 $476,731.00$381,840.00
Number of employees5855 6460
Number of people compensated >$100k54 32
Number of volunteers00 00
Number of highly compensated contractors   5 
Personnel
Boehm, Kevin
TitlePWRNET    
Name of key/compensated personKEVIN D BOEHM    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org45.00    
Reportable compensation from org$103,651.00    
Other comp, non-reportable, from org and related orgs$11,355.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Boggs, Richard
Title DIRECTOR DIRECTORDIRECTOR
Name of key/compensated person RICHARD BOGGS RICHARD A BOGGSRICHARD A BOGGS
Position of compensated person
Average hours per week working for org 2.00 3.004.00
Reportable compensation from org $1,400.00 $3,075.00$13,774.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Chevalier, Brian
TitleOPERATIONS    
Name of key/compensated personBRIAN R CHEVALIER    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org45.00    
Reportable compensation from org$103,760.00    
Other comp, non-reportable, from org and related orgs$43,860.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Clawson, Bennie
TitleDIRECTORDIRECTOR   
Name of key/compensated personBENNIE L CLAWSONBENNIE L CLAWSON   
Position of compensated person
Average hours per week working for org2.001.00   
Reportable compensation from org$3,550.00$3,150.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Coleman, James
Title CEO PRESIDENT/CEOPRESIDENT
Name of key/compensated person JAMES E COLEMAN JAMES COLEMANJAMES COLEMAN
Position of compensated person
Highest compensated employees (>$100k)    True
Average hours per week working for org 45.00 45.0050.00
Reportable compensation from org $107,263.00 $241,156.00$231,090.00
Other comp, non-reportable, from org and related orgs $9,404.00 $18,306.00$17,970.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Durbin, Larry
TitleDIRECTORDIRECTOR   
Name of key/compensated personLARRY E DURBINLARRY E DURBIN   
Position of compensated person
Average hours per week working for org1.002.00   
Reportable compensation from org$2,625.00$4,025.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Halbrook, Brian
TitleDIRECTORDIRECTOR   
Name of key/compensated personBRIAN HALBROOKBRIAN HALBROOK   
Position of compensated person
Average hours per week working for org1.001.00   
Reportable compensation from org$3,375.00$2,800.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Holthaus, Robert
TitleDIRECTORDIRECTOR   
Name of key/compensated personROBERT G HOLTHAUSROBERT G HOLTHAUS   
Position of compensated person
Average hours per week working for org2.001.00   
Reportable compensation from org$3,200.00$2,800.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Lash, J
Title DIRECTOR DIRECTOR 
Name of key/compensated person J MARK LASH J MARK LASH 
Position of compensated person
Average hours per week working for org 2.00 2.00 
Reportable compensation from org $3,675.00 $3,775.00 
Other comp, non-reportable, from org and related orgs $0.00 $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00 
Lash, Mark
TitleDIRECTOR   DIRECTOR
Name of key/compensated personMARK LASH   MARK J LASH
Position of compensated person
Average hours per week working for org1.00   3.00
Reportable compensation from org$4,425.00   $8,908.00
Other comp, non-reportable, from org and related orgs$0.00   $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00   $0.00
Lively, Brent
TitleDIRECTORDIRECTOR DIRECTORDIRECTOR
Name of key/compensated personBRENT LIVELYBRENT LIVELY BRENT LIVELYBRENT LIVELY
Position of compensated person
Average hours per week working for org3.005.00 4.003.00
Reportable compensation from org$4,900.00$5,250.00 $5,175.00$1,560.00
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00$0.00
Matlock, James
TitleCOOCOO   
Name of key/compensated personJAMES A MATLOCKJAMES A MATLOCK   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org45.0045.00   
Reportable compensation from org$116,804.00$111,016.00   
Other comp, non-reportable, from org and related orgs$88,146.00$67,105.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
McCoy, James
Title DIRECTOR DIRECTORDIRECTOR
Name of key/compensated person JAMES R MCCOY JAMES R MCCOYJAMES R MCCOY
Position of compensated person
Average hours per week working for org 1.00 3.004.00
Reportable compensation from org $1,400.00 $3,250.00$3,444.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Oldham, Terry
TitleOPERATIONSOPERATIONS MGR OF OPERATIONS 
Name of key/compensated personTERRY L OLDHAMTERRY L OLDHAM TERRY OLDHAM 
Position of compensated person
Highest compensated employees (>$100k)TrueTrue True 
Average hours per week working for org45.0045.00 45.00 
Reportable compensation from org$106,560.00$110,152.00 $100,464.00 
Other comp, non-reportable, from org and related orgs$50,155.00$26,995.00 $19,987.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00 
Oller, Larwence
Title    DIRECTOR
Name of key/compensated person    LARWENCE D OLLER
Position of compensated person
Average hours per week working for org    3.00
Reportable compensation from org    $1,229.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Scott, John
TitleDIRECTORDIRECTOR DIRECTORDIRECTOR
Name of key/compensated personJOHN M SCOTTJOHN M SCOTT JOHN M SCOTTJOHN M SCOTT
Position of compensated person
Average hours per week working for org3.004.00 4.003.00
Reportable compensation from org$5,150.00$4,550.00 $4,300.00$3,091.00
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00$0.00
Shallenberger, Josh
TitleCEO/CFOCEO/CFO COOCFO
Name of key/compensated personJOSH M SHALLENBERGERJOSH M SHALLENBERGER JOSH SHALLENBERGERJOSH SHALLENBERGER
Position of compensated person
Highest compensated employees (>$100k)    True
Average hours per week working for org50.0050.00 45.0050.00
Reportable compensation from org$169,075.00$145,442.00 $107,636.00$105,590.00
Other comp, non-reportable, from org and related orgs$56,065.00$40,016.00 $40,251.00$47,760.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00$0.00
Shumard, Darrell
Title   DIRECTORDIRECTOR
Name of key/compensated person   DARRELL SHUMARDDARRELL SHUMARD
Position of compensated person
Average hours per week working for org   3.003.00
Reportable compensation from org   $4,125.00$8,643.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Standerfer, Jeff
Title   DIRECTORDIRECTOR
Name of key/compensated person   JEFF STANDERFERJEFF STANDERFER
Position of compensated person
Average hours per week working for org   3.004.00
Reportable compensation from org   $3,775.00$4,511.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE RELIABLE ELECTRIC AND BROADBAND INTERNET SERVICE TO OUR CONSUMER/MEMBERSTO PROVIDE RELIABLE ELECTRIC AND BROADBAND INTERNET SERVICE TO OUR CONSUMER/MEMBERS TO PROVIDE RELIABLE ELECTRIC AND BROADBAND INTERNET SERVICE TO OUR CONSUMER/MEMBERSTO PROVIDE RELIABLE ELECTRIC AND BROADBAND INTERNET SERVICE TO OUR CONSUMER/MEMBERS
Programs, including revenue & expenses
PROVIDE ELECTRIC SERVICE TO THE MEMBERS/METERS
Program descriptionPROVIDE ELECTRIC SERVICE TO THE MEMBERS/METERSPROVIDE ELECTRIC SERVICE TO THE MEMBERS/METERS PROVIDE ELECTRIC SERVICE TO THE MEMBER/METERSPROVIDE ELECTRIC SERVICE TO THE MEMBER/METERS
Financial data
Revenue
Total revenue$35,916,166.00$35,776,046.00 $33,366,676.00$31,452,270.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$22,766.00$18,153.00 $10,408.00$8,229.00
Total revenue from grants, etc., current yr$0.00$0.00 $0.00$0.00
Total unrelated business revenue$596.00-$6,218.00 -$28,227.00$6,510.00
Other revenue, current yr$32,946.00$36,628.00 $1,593,899.00$723,378.00
Program service revenue (total)$35,860,454.00$35,721,265.00$34,945,731.00$31,762,369.00$30,720,663.00
Gross receipts$35,976,227.00$35,831,168.00 $33,397,196.00$31,486,846.00
Other types of revenue
Miscellaneous revenue (total)$596.00-$6,218.00 $1,580,814.00$714,388.00
Income from dividends, interest, and similar investments$77,316.00$72,478.00 $35,942.00$35,307.00
Net rental income$32,350.00$42,846.00$8,922.00$13,085.00$8,990.00
Expense categories (totals)
Total functional expenses: sum of all$33,193,333.00$32,677,171.00 $30,661,477.00$30,778,638.00
Total functional expenses: program service $33,193,333.00$32,677,171.00   
Total functional expenses: management and general$0.00$0.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00 $0.00$0.00
Assets and liabilities
Total assets$67,692,659.00$65,116,853.00$62,251,144.00$59,426,358.00$56,811,514.00
Total assets, beginning of year$65,116,853.00$62,251,144.00 $56,811,514.00$55,296,770.00
Total liabilities$36,946,817.00$37,244,532.00$37,495,722.00$37,093,932.00$37,173,350.00
Total liabilities, beginning of year$37,244,532.00$37,495,722.00 $37,173,350.00$36,323,235.00
Net assets$30,745,842.00$27,872,321.00 $22,332,426.00$19,638,164.00
Net assets, beginning of year$27,872,321.00$24,755,422.00 $19,638,164.00$18,973,535.00
Other liabilities$1,548,131.00$1,633,503.00 $1,345,622.00$1,359,469.00
Cash: non-interest bearing$2,110,910.00$1,912,537.00 $991,081.00$989,469.00
Cash: non-interest bearing, beginning of year$1,912,537.00$1,660,664.00 $989,469.00$944,430.00
Investments -- program-related$17,677,644.00$17,172,231.00 $15,578,784.00$14,273,587.00
Inventories for sale or use$656,595.00$652,429.00 $719,211.00$686,099.00
Other financial variables
Revenue less expenses$2,722,833.00$3,098,875.00 $2,705,199.00$673,632.00
Accounts receivable, net$4,286,492.00$4,205,359.00 $4,288,153.00$3,686,291.00
Prepaid expenses & deferred charges$4,242,047.00$3,517,911.00 $1,698,046.00$1,792,992.00
Accounts payable & accrued expenses$3,064,538.00$2,179,649.00 $2,562,470.00$2,249,644.00
Deferred revenue$230,325.00$313,921.00 $259,128.00$280,118.00
Secured mortgages and notes payable$32,103,823.00$33,117,459.00 $32,926,712.00$33,284,119.00
Total net assets or fund balances$30,745,842.00$27,872,321.00 $22,332,426.00$19,638,164.00
Depreciation, depletion, amortization$2,452,548.00$2,555,027.00 $2,482,301.00$2,475,739.00
Governance and accountability
Number of voting members77 77
Number of independent voting members77 77
Financial sheets auditedTrueTrue TrueTrue
Audit on consolidated basisTrueTrue TrueTrue
Accrual accountingTrueTrue TrueTrue
Tax year start date2016-01-012015-01-01 2013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrue   
Org has controlled entityTrueTrue TrueTrue
Org transacted with controlled entityTrueTrue TrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 990990
Date e-filing submitted2018-01-252017-02-23 2014-12-292013-12-27
IRS schema version2016v3.02015v2.1 2013v3.12012v2.0
Filing identifier201703139349301135201643089349301009 201423219349311867201343139349300309
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