TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202332699349300013 - Submission: 2023-09-26 TIN: 37-0801403

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

SOUTHERN ILLINOIS POWER COOPERATIVE

Employer identification number

37-0801403

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	DUSTIN TRIPP (CO-OP MANAGER), WILLIAM LITTRELL (DIRECTOR), DAVID JOHNSTON (CO-OP MANAGER), LUKE JOHNSON (CO-OP MANAGER), KEVIN LIEFER (DIRECTOR), SHANE HERMETZ (CO-OP MANAGER), ALAN WATTLES (CO-OP MANAGER), MATT CONKLIN (CO-OP MANAGER) AND BOB KROEGER (CO-OP MANAGER) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER THROUGH A COMMON COMPANY.
FORM 990, PART VI, SECTION A, LINE 6	SOUTHERN ILLINOIS POWER COOPERATIVE HAS A TOTAL OF SEVEN MEMBERS WHICH ARE ALL ELECTRIC DISTRIBUTION COOPERATIVES.
FORM 990, PART VI, SECTION A, LINE 7A	EACH OF THE SEVEN MEMBER DISTRIBUTION COOPERATIVES APPOINTS FOUR INDIVIDUALS TO SERVE AS DIRECTORS ON THE SOUTHERN ILLINOIS POWER COOPERATIVE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM FOR MANAGEMENT REVIEW. ONCE COMPLETED, IT IS CIRCULATED TO ALL BOARD MEMBERS FOR FINAL APPROVAL BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	SIPC REQUIRES THAT DIRECTORS AND EMPLOYEES CONDUCT THEMSELVES IN AN ETHICAL MANNER AND AVOID IMPROPER CONDUCT AT ALL TIMES EVEN THOUGH SUCH CONDUCT MAY NOT BE EXPLICITLY PROHIBITED BY THE CONFLICT OF INTEREST POLICY. EMPLOYEES AND DIRECTORS SHALL IMMEDIATELY DISCLOSE ANY SITUATION THEY ARE INVOLVED IN WHICH MAY BE IN VIOLATION OF THIS POLICY, OR WHICH MIGHT POTENTIALLY VIOLATE THE INTENT OF THIS POLICY AT SOME FUTURE DATE. IN THE EVENT THAT ANY DIRECTOR OR EMPLOYEE BELIEVES THAT A VIOLATION OF THIS POLICY OR OTHER ILLEGAL OR UNETHICAL CONDUCT BY ANY EMPLOYEE, OFFICER OR DIRECTOR HAS OCCURRED OR MAY OCCUR, THEY SHALL PROMPTLY CONTACT THE COOPERATIVE'S COMPLIANCE OFFICER, WHO IS THE GENERAL COUNSEL FOR THE COOPERATIVE. INDIVIDUALS WHO FAIL TO COMPLY WITH THE INTENT OF THIS POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION.
FORM 990, PART VI, SECTION B, LINE 15	THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPARABLE COMPENSATION DATA FROM THE MARKET AND THE INDUSTRY IS USED IN SETTING THE COMPENSATION. INDUSTRY TRADE ORGANIZATIONS ASSIST IN THE PROCESS. OTHER OFFICERS AND KEY EMPLOYEE COMPENSATION ARE SET THROUGH ANNUAL PERFORMANCE EVALUATION AND COMPARISON TO INDUSTRY WAGE AND BENEFIT STANDARDS. THE CEO SETS THE COMPENSATION AMOUNT.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

DUSTIN TRIPP (CO-OP MANAGER), WILLIAM LITTRELL (DIRECTOR), DAVID JOHNSTON (CO-OP MANAGER), LUKE JOHNSON (CO-OP MANAGER), KEVIN LIEFER (DIRECTOR), SHANE HERMETZ (CO-OP MANAGER), ALAN WATTLES (CO-OP MANAGER), MATT CONKLIN (CO-OP MANAGER) AND BOB KROEGER (CO-OP MANAGER) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER THROUGH A COMMON COMPANY.

FORM 990, PART VI, SECTION A, LINE 6

SOUTHERN ILLINOIS POWER COOPERATIVE HAS A TOTAL OF SEVEN MEMBERS WHICH ARE ALL ELECTRIC DISTRIBUTION COOPERATIVES.

FORM 990, PART VI, SECTION A, LINE 7A

EACH OF THE SEVEN MEMBER DISTRIBUTION COOPERATIVES APPOINTS FOUR INDIVIDUALS TO SERVE AS DIRECTORS ON THE SOUTHERN ILLINOIS POWER COOPERATIVE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM FOR MANAGEMENT REVIEW. ONCE COMPLETED, IT IS CIRCULATED TO ALL BOARD MEMBERS FOR FINAL APPROVAL BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE.

FORM 990, PART VI, SECTION B, LINE 12C

SIPC REQUIRES THAT DIRECTORS AND EMPLOYEES CONDUCT THEMSELVES IN AN ETHICAL MANNER AND AVOID IMPROPER CONDUCT AT ALL TIMES EVEN THOUGH SUCH CONDUCT MAY NOT BE EXPLICITLY PROHIBITED BY THE CONFLICT OF INTEREST POLICY. EMPLOYEES AND DIRECTORS SHALL IMMEDIATELY DISCLOSE ANY SITUATION THEY ARE INVOLVED IN WHICH MAY BE IN VIOLATION OF THIS POLICY, OR WHICH MIGHT POTENTIALLY VIOLATE THE INTENT OF THIS POLICY AT SOME FUTURE DATE. IN THE EVENT THAT ANY DIRECTOR OR EMPLOYEE BELIEVES THAT A VIOLATION OF THIS POLICY OR OTHER ILLEGAL OR UNETHICAL CONDUCT BY ANY EMPLOYEE, OFFICER OR DIRECTOR HAS OCCURRED OR MAY OCCUR, THEY SHALL PROMPTLY CONTACT THE COOPERATIVE'S COMPLIANCE OFFICER, WHO IS THE GENERAL COUNSEL FOR THE COOPERATIVE. INDIVIDUALS WHO FAIL TO COMPLY WITH THE INTENT OF THIS POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION.

FORM 990, PART VI, SECTION B, LINE 15

THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPARABLE COMPENSATION DATA FROM THE MARKET AND THE INDUSTRY IS USED IN SETTING THE COMPENSATION. INDUSTRY TRADE ORGANIZATIONS ASSIST IN THE PROCESS. OTHER OFFICERS AND KEY EMPLOYEE COMPENSATION ARE SET THROUGH ANNUAL PERFORMANCE EVALUATION AND COMPARISON TO INDUSTRY WAGE AND BENEFIT STANDARDS. THE CEO SETS THE COMPENSATION AMOUNT.

FORM 990, PART VI, SECTION C, LINE 19

GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

FORM 990, PART XII, LINE 2C:

THE OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE FROM THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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