CLAY-UNION ELECTRIC CORPORATION

Address
PO BOX 317
VERMILLION, SD 57069-0317
Contact
Website: http://www.clayunionelectric.coop
Phone: +1 (605) 624-2673
Nonprofit
NTEE: W80 - Public Utilities
EIN: 46-0120430

Mission

CLAY-UNION ELECTRIC EXISTS TO ASSIST ITS MEMBERS/CUSTOMERS IN IMPROVING THEIR QUALITY OF LIFE BY CONSTANTLY SEEKING TO ENHANCE THE VALUE OF ELECTRIC ENERGY AND ENSURING THAT THE MEMBERS SERVICE NEEDS ARE FULFILLED.
 20172016201520142013
Basic features of the organization
Year of formation1935
Subsection code12
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $168,499.00$162,066.00$151,377.00$149,269.00
Sum of reportable (W2/1099) compensation $128,645.00$128,156.00$119,194.00$118,036.00
Number of employees 18171717
Number of people compensated >$100k 0000
Number of volunteers 0000
Number of highly compensated contractors 0000
Personnel
Andersen, Gordon
Title   SECRETARYSECRETARY
Name of key/compensated person   GORDON ANDERSENGORDON ANDERSEN
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer   TrueTrue
Average hours per week working for org   3.003.00
Reportable compensation from org   $5,550.00$3,750.00
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
Gors, John
Title GENERAL MANAGER UNTIL 02/2016GENERAL MANAGERGENERAL MANAGERGENERAL MANAGER
Name of key/compensated person JOHN GORSJOHN GORSJOHN GORSJOHN GORS
Position of compensated person
Current officer TrueTrueTrueTrue
Average hours per week working for org 40.0040.0040.0040.00
Reportable compensation from org $13,967.00$95,190.00$92,680.00$89,922.00
Other comp, non-reportable, from org and related orgs $2,526.00$38,588.00$35,299.00$33,050.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Kinney, Chris
Title ASSISTANT SECRETARYASSISTANT SECRETARY  
Name of key/compensated person CHRIS KINNEYCHRIS KINNEY  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrue  
Average hours per week working for org 3.003.00  
Reportable compensation from org $4,850.00$4,988.00  
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  
Larsen, Tom
Title PRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person TOM LARSENTOM LARSENTOM LARSENTOM LARSEN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 3.003.003.003.00
Reportable compensation from org $5,632.00$7,633.00$3,532.00$6,582.00
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
Larson, Christopher
Title GENERAL MANAGER   
Name of key/compensated person CHRISTOPHER LARSON   
Position of compensated person
Current officer True   
Average hours per week working for org 40.00   
Reportable compensation from org $87,280.00   
Other comp, non-reportable, from org and related orgs $33,222.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Mar, Gordon
Title  SECRETARY  
Name of key/compensated person  GORDON ANDERSEN THRU MAR  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  3.00  
Reportable compensation from org  $1,163.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Munter, Terry
Title VICE PRESIDENTVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated person TERRY MUNTERTERRY MUNTERTERRY MUNTERTERRY MUNTER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 3.003.003.003.00
Reportable compensation from org $7,632.00$8,632.00$7,382.00$7,632.00
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
Ryken, James
Title SECRETARYSECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated person JAMES RYKENJAMES RYKENJAMES RYKENJAMES RYKEN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 3.003.003.003.00
Reportable compensation from org $3,900.00$4,650.00$4,150.00$4,800.00
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
Slattery, Michael
Title TREASURER   
Name of key/compensated person MICHAEL SLATTERY   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 3.00   
Reportable compensation from org $5,384.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Slattery, Mike
Title  TREASURERTREASURERTREASURER
Name of key/compensated person  MIKE SLATTERYMIKE SLATTERYMIKE SLATTERY
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  3.003.003.00
Reportable compensation from org  $5,900.00$5,900.00$5,350.00
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
Purpose: mission, activities, & accomplishments
Mission or significant activities TO PROVIDE ELECTRICITY TO RURAL COMMUNITIESTO PROVIDE ELECTRICITY TO RURAL COMMUNITIESTO PROVIDE ELECTRICITY TO RURAL COMMUNITIESTO PROVIDE ELECTRICITY TO RURAL COMMUNITIES
Programs, including revenue & expenses
PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,720 MEMBERS. RETIRED 4.87 MILES OF OVERHEAD LINE AND ADDED 9.3 MILES OF UNDERGROUND LINE.
Program description PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,720 MEMBERS. RETIRED 4.87 MILES OF OVERHEAD LINE AND ADDED 9.3 MILES OF UNDERGROUND LINE.PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,705 MEMBERS. RETIRED 10 MILES OF OVERHEAD LINE AND ADDED 11 MILES OF UNDERGROUND LINE.PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,710 MEMBERS. RETIRED 18 MILES OF OVERHEAD LINE AND ADDED 19 MILES OF UNDERGROUND LINE.PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,690 MEMBERS. RETIRED 13 MILES OF OVERHEAD LINE AND ADDED 31 MILES OF UNDERGROUND LINE.
Financial data
Revenue
Total revenue$9,077,686.00$8,705,697.00$8,061,425.00$8,184,359.00$7,891,949.00
Investment income, current yr $195,995.00$186,772.00$179,480.00$177,713.00
Total revenue from grants, etc., current yr $0.00$0.00$0.00$0.00
Other revenue, current yr $1,448.00$12,597.00$10,576.00$13,200.00
Net unrelated business taxable revenue $0.00$1,432.00$1,028.00-$843.00
Program service revenue (total) $8,508,254.00$7,862,056.00$7,994,303.00$7,701,036.00
Other types of revenue
Investment income $195,995.00$186,772.00$179,480.00$177,713.00
Net inventory sales (total) $1,448.00$12,597.00$10,576.00$13,200.00
Expense categories (totals)
Total functional expenses: sum of all $8,705,697.00$8,061,425.00$8,184,359.00$7,891,949.00
Fees for services
Fundraising service fees (total) $0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$29,365,390.00$28,577,742.00$27,828,912.00$27,212,549.00$26,872,172.00
Total assets, beginning of year $27,828,912.00$27,212,549.00$26,872,172.00$25,627,222.00
Total liabilities $13,893,745.00$13,644,124.00$13,254,778.00$13,180,543.00
Total liabilities, beginning of year $13,644,124.00$13,254,778.00$13,180,543.00$12,130,833.00
Net assets $14,683,997.00$14,184,788.00$13,957,771.00$13,691,629.00
Net assets, beginning of year $14,184,788.00$13,957,771.00$13,691,629.00$13,496,389.00
Other liabilities $703,581.00$831,042.00$745,537.00$983,200.00
Other assets $5,585.00$5,585.00$5,567.00$6,398.00
Investments: other securities $549,308.00$668,839.00$571,801.00$826,093.00
Investments -- program-related $4,833,882.00$4,368,770.00$4,182,607.00$4,006,240.00
Inventories for sale or use $563,273.00$588,542.00$610,915.00$586,107.00
Other financial variables
Revenue less expenses $0.00$0.00$0.00$0.00
Savings & temp cash investment $297,366.00$165,601.00$74,667.00$216,348.00
Accounts receivable, net $766,788.00$714,888.00$712,183.00$765,313.00
Prepaid expenses & deferred charges $545,690.00$566,490.00$616,773.00$644,600.00
Accounts payable & accrued expenses $1,277,999.00$1,075,396.00$1,083,666.00$900,686.00
Secured mortgages and notes payable $11,912,165.00$11,737,686.00$11,425,575.00$11,296,657.00
Total net assets or fund balances $14,683,997.00$14,184,788.00$13,957,771.00$13,691,629.00
Depreciation, depletion, amortization $826,530.00$804,133.00$782,272.00$744,286.00
Governance and accountability
Number of voting members 5555
Number of independent voting members 5555
Financial sheets were audited TrueTrueTrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990990990
IRS schema version 2016v3.02015v2.12014v5.02013v3.0
Filing identifier 201742719349300444201621809349300007201501979349300710201421839349300702
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