Central Electric Power Cooperative

“The distribution cooperatives served by Central Electric Power Cooperative and the wholesale power supplier are members of Central Electric Power Cooperative.”

“Each member distribution cooperative and the member wholesale power supplier elect their own representatives (2) to the Board of Directors of Central Electric Power Cooperative.”

“Federal Form 990 is presented to, reviewed and discussed by the Board of Directors before the form is filed with the Internal Revenue Service.”

“Officers, directors and employees of Central Electric Power Cooperative are required to disclose any conflicts of interests on an annual basis. The policy is monitored by the Board of Directors.”

“The process of determining the CEOs compensation includes a formal review by the Board of Directors of the CEOs performance, comparisons of other CEO salaries in the State of Missouri and nationally and an in depth deliberation before the ultimate decision is made in setting the CEOs compensation.”

“Annual salary surveys and employee reviews are completed in order to determine other officer and key employee salaries.”

“Federal Form 990 is available online at www.Guidestar.org or by contacting the CEO/General Manager, Christopher M Turner at Central Electric Power Cooperative.”

“Governing documents, conflicts of interest policies and financial statements are available for public inspection by contacting the CEO/General Manager, Christopher M Turner at Central Electric Power Cooperative.”

“Line 1 - Retirement and other deferred compensation is not actual received annual compensation to the individual, but rather it is an actuarial amount of future benefits for the anticipated retirement distribution upon each employees normal retirement age. The amount is used for accouting purposes by the cooperative annually.”

“Assignable patronage treated as amounts paid to members on 990 $ 15,554,015Patronage retired during the year $ -5,000,000Deferred revenue recognized during the year $ 3,000,000Other Changes $ - 440,019 Total $ 13,113,996”

“Form 990, Part IX, Line 4The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024.”