Core Electric Cooperative FY2022 filing

Not tax-deductible

Sedalia, COMutual-benefit / member-servingSince 1938Mutual / membership EIN 84-0235244Revenue $345.1M in FY2022Latest return filed Jul 30, 2026

On file with the IRScore.coopSedalia, COTax-exempt since Aug 1939

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The following mission statement guides the Cooperative in fulfilling its tax exempt purpose of providing quality and reliable Electric service to our member-consumers: improving lives and communities through choice and innovation.

$5.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$5.2M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $34.1M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $34.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$868.5M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345.1M
+4% vs prior year
Spent
$345.1M
Net assets
$382.1M
By yearFY2020–FY2025
Revenue
$345.1M
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$313.7M
FY2021$331.3M
FY2022$345.1M
FY2023$353.8M
FY2024$413.2M
FY2025$395.7M
Expenses
$345.1M
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$313.7M
FY2021$331.3M
FY2022$345.1M
FY2023$353.8M
FY2024$413.2M
FY2025$395.7M
Net assets
$382.1M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$353.4M
FY2021$364.0M
FY2022$382.1M
FY2023$397.3M
FY2024$407.9M
FY2025$417.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1939.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

25 people listed on the 990; $5.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
$519,333Pt VII · Sec A
$450,073Pt VII · Sec A
$436,536Pt VII · Sec A
$367,779Pt VII · Sec A
$356,100Pt VII · Sec A
Engineering Director
$271,271Pt VII · Sec A
Distribution Ops Director
$224,697Pt VII · Sec A
Information Technology Director
$214,966Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeffrey Baudier—$475,410$753,000$519,333$671,337—
Pamela Feuerstein$607,210$565,334$386,683$450,073$420,880$395,692
Patrick Mooney————$150,201$605,741
Dierdre Jones—$580,085$406,193——$395,201
Kathleen Solano$452,283$434,949$325,488$356,100$239,808—
Amanda Lesher$444,774$422,424$331,700$367,779$308,747$301,865
Dierdre P Jones———$436,536$406,188—
Mark Jurgemeyer$416,144$362,817$263,166$271,271$255,400$263,821

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Core Electric Cooperative executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides electricity to rural homes and businesses.

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1 program · in their own filed words · FY2022
01

The cooperative distributed electricity to 174,006 active service locations in 11 colorado counties.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$80K
Grants paid · 65 grants · $655K · 2023–2025
Parker Senior Center INCCO · FY2025$11,500
Parker Senior Center INCCO · FY2025$11,125
Help and Hope CenterCO · FY2025$10,800
Douglas County GovernmentFY2025$10,000
SecorCO · FY2025$9,000
Strasburg Metro Parks & RecFY2025$8,275
The Aspen Effect INCCO · FY2025$8,000
Tri Arts ProjectCO · FY2025$7,500
Energy Outreach ColoradoCO · FY2025$6,000
See all 65 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$345.1M
Ln 12
Fees for servicesLn 2g$344.8M
Investment incomeLn 3$315K
Other incomeLn 4–11$12K
Money outPt IX
$345.1M
Ln 25
Owns and owesPt X
$382.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$1.3B
LiabilitiesLn 26$868.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A25
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$344.8M
Investment incomeLn 3$315K
Other incomeLn 4–11$12K
Gains on assetsLn 7$59K
Total revenueLn 12$345.1M
Assets in detailPt X, end of year
CashLn 1$3.9M
Cash and savings togetherLn 1–2$3.9M
Accounts receivableLn 4$44.0M
Inventories for sale or useLn 8$31.2M
Prepaid expenses and deferred chargesLn 9$23.6M
Land, buildings, equipmentLn 10c$1.11B
InvestmentsLn 11–13$34.1M
Other assetsLn 15$32K
Total assetsLn 16$1.3B
LiabilitiesLn 26$868.5M
Net assetsLn 32$382.1M
OperationsPt I, VI
EmployeesI 5348
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$5.2M$3.9M
InvestmentsLn 11–13$31.7M$34.1M
Land, buildings, equipmentLn 10c$1.11B$1.11B
Total assetsLn 16$1.23B$1.25B
LiabilitiesLn 26$864.1M$868.5M
Net assetsLn 32$364.0M$382.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$15.8M
Pay of current officers, directors and key staffLn 5$4.9M
Other salaries and wagesLn 7$15.6M
Pension plan contributionsLn 8$2.0M
Other employee benefitsLn 9$4.3M
Payroll taxesLn 10$1.5M
Legal feesLn 11b$4.9M
Accounting feesLn 11c$117K
Lobbying feesLn 11d$116K
Other fees for servicesLn 11g$2.6M
Office expensesLn 13$4.1M
Conferences, conventions and meetingsLn 19$90K
InterestLn 20$40.6M
Depreciation, depletion and amortizationLn 22$46.2M
InsuranceLn 23$1.4M
Other expenses (24a–d)Ln 24$195.7M
All other expensesLn 24e$5.2M
Total functional expensesLn 25$345.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 30, 2026 $395.7M$395.7M$0$417.7M 990 PDF
FY2024Filed with the IRS Sep 16, 2025 $413.2M$413.2M$0$407.9M 990 PDF
FY2023Filed with the IRS Nov 16, 2024 $353.8M$353.8M$0$397.3M 990 PDF
FY2022 ViewingFiled with the IRS Aug 21, 2023 $345.1M$345.1M$0$382.1M 990 PDF
FY2021Filed with the IRS Nov 7, 2022 $331.3M$331.3M$0$364.0M 990 PDF
FY2020Filed with the IRS Jul 27, 2021 $313.7M$313.7M$0$353.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $345,089,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $330,794,090$344,763,000
I-10 Investment incomePrior year $506,473$314,935
I-11 Other revenuePrior year $7,355$12,000
I-12 Total revenuePrior year $331,307,918$345,089,935
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $16,320,159$15,789,813
I-15 Salaries and benefitsPrior year $30,346,310$28,283,131
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $284,641,449$301,016,991
I-18 Total expensesPrior year $331,307,918$345,089,935
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $345,089,935 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $343,193,587 · Excluded from tax $1,569,413$344,763,000
VIII-3 Investment incomeExcluded from tax $256,009$256,009
VIII-6 Net rental income or lossExcluded from tax $12,000$12,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $58,926$58,926
VIII-12 Total revenueRelated to mission $343,193,587 · Unrelated business $0 · Excluded from tax $1,896,348$345,089,935
Part IX · Statement of functional expenses $345,089,935 across 17 lines filed
IX-4 Benefits paid to or for members$15,789,813
IX-5 Pay of current officers, directors and key staff$4,948,404
IX-7 Other salaries and wages$15,560,753
IX-8 Pension plan contributions$1,986,396
IX-9 Other employee benefits$4,303,346
IX-10 Payroll taxes$1,484,232
IX-11b Legal fees$4,865,663
IX-11c Accounting fees$117,242
IX-11d Lobbying fees$115,625
IX-11g Other fees for services$2,615,789
IX-13 Office expenses$4,134,724
IX-19 Conferences, conventions and meetings$89,579
IX-20 Interest$40,595,127
IX-22 Depreciation, depletion and amortization$46,155,663
IX-23 Insurance$1,417,687
IX-24 Other expenses (24a–d)$195,670,447
IX-24e All other expenses$5,239,445
IX-25 Total functional expenses$345,089,935
Part X · Balance sheet $1,250,610,468 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,168,390$3,858,018
X-4 Accounts receivableStart of year $36,625,154$43,987,936
X-8 Inventories for sale or useStart of year $20,373,034$31,194,721
X-9 Prepaid expenses and deferred chargesStart of year $23,572,366$23,572,813
X-10c Land, buildings and equipment, netStart of year $1,109,937,262$1,113,825,978
X-13 Program-related investmentsStart of year $31,708,121$34,138,806
X-15 Other assetsStart of year $32,622$32,196
X-16 Total assetsStart of year $1,228,049,117$1,250,610,468
X-17 Accounts payable and accrued expensesStart of year $61,335,944$61,163,085
X-19 Deferred revenue$15,000,000
X-23 Secured mortgages and notes payableStart of year $767,258,665$762,658,678
X-25 Other liabilitiesStart of year $35,492,162$29,657,288
X-26 Total liabilitiesStart of year $864,086,771$868,479,051
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $760,345$764,425
X-31 Retained earnings or endowmentStart of year $363,202,001$381,366,992
X-32 Total net assets or fund balancesStart of year $363,962,346$382,131,417
X-33 Total liabilities and net assetsStart of year $1,228,049,117$1,250,610,468
Part XI · Reconciliation of net assets $382,131,417 net assets at year end
XI-1 Total revenue$345,089,935
XI-2 Total expenses$345,089,935
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$363,962,346
XI-5 Net unrealized gains (losses) on investments$5,478,611
XI-9 Other changes in net assets$12,690,460
XI-10 Net assets at end of year$382,131,417

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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