CLAY-UNION ELECTRIC CORPORATION

Address
PO BOX 317
VERMILLION, SD 57069
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
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$167,797.00$168,499.00$162,066.00$151,377.00$149,269.00
Sum of reportable (W2/1099) compensation$129,218.00$128,645.00$128,156.00$119,194.00$118,036.00
Number of employees1818171717
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors00000
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
TitleASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARY  
Name of key/compensated personCHRIS KINNEYCHRIS KINNEYCHRIS KINNEY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org3.003.003.00  
Reportable compensation from org$7,800.00$4,850.00$4,988.00  
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  
Larsen, Tom
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personTOM LARSENTOM LARSENTOM LARSENTOM LARSENTOM LARSEN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$4,932.00$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$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Larson, Christopher
TitleGENERAL MANAGERGENERAL MANAGER   
Name of key/compensated personCHRISTOPHER LARSONCHRISTOPHER LARSON   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$97,846.00$87,280.00   
Other comp, non-reportable, from org and related orgs$64,783.00$33,222.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$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
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated personTERRY MUNTERTERRY MUNTERTERRY MUNTERTERRY MUNTERTERRY MUNTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$7,932.00$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$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ryken, James
TitleSECRETARYSECRETARYSECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated personJAMES RYKENJAMES RYKENJAMES RYKENJAMES RYKENJAMES RYKEN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$4,450.00$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$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Slattery, Michael
TitleTREASURERTREASURER   
Name of key/compensated personMICHAEL SLATTERYMICHAEL SLATTERY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org3.003.00   
Reportable compensation from org$6,258.00$5,384.00   
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   
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 activitiesTO PROVIDE ELECTRICITY TO RURAL COMMUNITIESTO 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 2,730 MEMBERS. RETIRED 12.30 MILES OF OVERHEAD LINE AND ADDED 20.18 MILES OF UNDERGROUND LINE.
Program descriptionPROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,730 MEMBERS. RETIRED 12.30 MILES OF OVERHEAD LINE AND ADDED 20.18 MILES OF UNDERGROUND LINE.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
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$361,061.00$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$0.00
Total unrelated business revenue$4,421.00$6,204.00$10,956.00$13,217.00$15,434.00
Other revenue, current yr$6,052.00$1,448.00$12,597.00$10,576.00$13,200.00
Net unrelated business taxable revenue$0.00$0.00$1,432.00$1,028.00-$843.00
Program service revenue (total)$8,710,573.00$8,508,254.00$7,862,056.00$7,994,303.00$7,701,036.00
Gross receipts$9,315,152.00$8,827,414.00$8,227,720.00$8,353,798.00$8,053,939.00
Other types of revenue
Income from dividends, interest, and similar investments$206,726.00$195,995.00$186,772.00$179,480.00$177,713.00
Net rental income  $0.00$0.00$0.00
Net inventory sales (total)$6,052.00$1,448.00$12,597.00$10,576.00$13,200.00
Expense categories (totals)
Total functional expenses: sum of all$9,077,686.00$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$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$28,577,742.00$27,828,912.00$27,212,549.00$26,872,172.00$25,627,222.00
Total liabilities$14,194,313.00$13,893,745.00$13,644,124.00$13,254,778.00$13,180,543.00
Total liabilities, beginning of year$13,893,745.00$13,644,124.00$13,254,778.00$13,180,543.00$12,130,833.00
Net assets$15,171,077.00$14,683,997.00$14,184,788.00$13,957,771.00$13,691,629.00
Net assets, beginning of year$14,683,997.00$14,184,788.00$13,957,771.00$13,691,629.00$13,496,389.00
Other liabilities$728,889.00$703,581.00$831,042.00$745,537.00$983,200.00
Other assets$5,595.00$5,585.00$5,585.00$5,567.00$6,398.00
Investments: other securities$514,990.00$549,308.00$668,839.00$571,801.00$826,093.00
Investments -- program-related$5,010,331.00$4,833,882.00$4,368,770.00$4,182,607.00$4,006,240.00
Inventories for sale or use$613,536.00$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$0.00
Savings & temp cash investment$371,719.00$297,366.00$165,601.00$74,667.00$216,348.00
Accounts receivable, net$867,604.00$766,788.00$714,888.00$712,183.00$765,313.00
Prepaid expenses & deferred charges$517,128.00$545,690.00$566,490.00$616,773.00$644,600.00
Accounts payable & accrued expenses$1,332,776.00$1,277,999.00$1,075,396.00$1,083,666.00$900,686.00
Secured mortgages and notes payable$12,132,648.00$11,912,165.00$11,737,686.00$11,425,575.00$11,296,657.00
Total net assets or fund balances$15,171,077.00$14,683,997.00$14,184,788.00$13,957,771.00$13,691,629.00
Depreciation, depletion, amortization$824,361.00$826,530.00$804,133.00$782,272.00$744,286.00
Governance and accountability
Number of voting members55555
Number of independent voting members55555
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-212017-11-152016-10-172015-07-282014-10-23
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.0
Filing identifier201821879349300012201742719349300444201621809349300007201501979349300710201421839349300702
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