LEE COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LEE COUNTY ELECTRIC COOPERATIVE INC (EIN 59-0329555)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202433179349303248
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T11:36:42-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 581094351 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1Txt |
| City | MACON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 312020001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590329555 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEE COUNTY ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEEC | BusinessNameControlTxt |
| Phone | 2399952121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3455 | AddressLine1Txt |
| City | NORTH FORT MYERS | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33918 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARAH BULLOCK | PersonNm |
| Person Title | DIR OF FINANCE/CFO | PersonTitleTxt |
| Phone | 2399952121 | PhoneNum |
| Signature | 2024-11-05 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | H TERRELL MCMICHAEL JR | PreparerPersonNm |
| PTIN | P01259982 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2024-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARAH BULLOCK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4980 BAYLINE DRIVE | AddressLine1Txt |
| City | NORTH FORT MYERS | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33918 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $608,910,611 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.LCEC.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | LEE COUNTY ELECTRIC COOPERATIVE, INC. (LCEC) PROVIDES ELECTRIC TRANSMISSION AND DISTRIBUTION SERVICES TO RESIDENTIAL AND BUSINESS CUSTOMERS WITHIN THE COOPERATIVE'S SERVICE TERRITORY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 487 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $619,628,774 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $598,480,397 | CYProgramServiceRevenueAmt |
| PY Investment Income | $250,889 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,505,620 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,347,534 | PYOtherRevenueAmt |
| CY Other Revenue | $7,123,809 | CYOtherRevenueAmt |
| PY Total Revenue | $626,227,197 | PYTotalRevenueAmt |
| CY Total Revenue | $608,109,826 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $67,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $37,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $13,104,736 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,169,713 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,075,758 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,686,595 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $597,540,815 | PYOtherExpensesAmt |
| CY Other Expenses | $495,885,925 | CYOtherExpensesAmt |
| PY Total Expenses | $614,788,809 | PYTotalExpensesAmt |
| CY Total Expenses | $504,779,733 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,438,388 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $103,330,093 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,110,507,384 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,061,061,386 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $724,924,869 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $567,922,352 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $385,582,515 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $493,139,034 | NetAssetsOrFundBalancesEOYAmt |
| Mission | LCEC PROVIDES EFFICIENT, RELIABLE, COST-COMPETITIVE ELECTRIC AND EMERGING ENERGY SOLUTIONS AND EXCELLENT SERVICE TO OUR CUSTOMERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | UTILIZING APPROXIMATELY 9,008 MILES OF DISTRIBUTION LINES, LEE COUNTY ELECTRIC COOPERATIVE, INC. PROVIDED 4,580,244,295 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS CUSTOMERS LOCATED IN ITS SERVICE TERRITORY. THE SERVICE TERRITORY INCLUDED CAPE CORAL, NORTH FORT MYERS, MARCO ISLAND, SANIBEL AND CAPTIVA ISLANDS, PINE ISLAND, EVERGLADES CITY, IMMOKALEE, AVA MARIA, AND PARTS OF LEHIGH ACRES (ALL IN THE STATE OF FLORIDA). | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 145 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 487 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $592,495,593 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $5,984,804 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARAH BULLOCK | PersonNm |
| Phone | 2399952121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4980 BAYLINE DRIVE | AddressLine1Txt |
| City | NORTH FORT MYERS | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33918 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| DENISE M VIDAL | ||||||||
| EVP/CEO | 55.00 | Yes (X) | $678,889 | $0 | $73,640 | |||
| SARAH BULLOCK | ||||||||
| DIR OF FINAN | 60.00 | Yes (X) | $322,777 | $0 | $64,817 | |||
| RODNEY C HAWKINS | ||||||||
| DIRECTOR, EL | 55.00 | $301,783 | $0 | $51,586 | Yes (X) | |||
| EDWARD NAGY | ||||||||
| DIRECTOR, IT | 50.00 | $282,449 | $0 | $63,324 | Yes (X) | |||
| GARY AVIN | ||||||||
| DIRECTOR OF | 45.00 | $234,756 | $0 | $55,744 | Yes (X) | |||
| WALTER RUTH | ||||||||
| DIR. OF BUS. | 50.00 | $238,347 | $0 | $49,776 | Yes (X) | |||
| KAREN RYAN | ||||||||
| DIRECTOR OF | 50.00 | $240,221 | $0 | $47,669 | Yes (X) | |||
| SANDRA THOMPSON | ||||||||
| DIRECTOR OF | 50.00 | $241,780 | $0 | $43,761 | Yes (X) | |||
| TROY HAMILTON | ||||||||
| LINEMAN | 74.00 | $245,108 | $0 | $27,131 | Yes (X) | |||
| DEREK HOLLAND | ||||||||
| LINEMAN | 72.00 | $226,608 | $0 | $35,581 | Yes (X) | |||
| RICHARD B LEWIS | ||||||||
| LINEMAN | 71.00 | $219,370 | $0 | $42,086 | Yes (X) | |||
| TREVOR KALLHOFF | ||||||||
| LINEMAN | 70.00 | $227,621 | $0 | $31,776 | Yes (X) | |||
| FRANK SHERKUS | ||||||||
| MGR OF CONST | 50.00 | $210,096 | $0 | $39,750 | Yes (X) | |||
| AMANDA SMELKER | ||||||||
| DIR, ADMIN S | 50.00 | $191,730 | $0 | $45,815 | Yes (X) | |||
| RUSSELL PRIDDY | ||||||||
| TRUSTEE/PRES | 8.00 | $29,350 | $0 | $0 | Yes (X) | |||
| TARIK AYASUN | ||||||||
| TRUSTEE | 2.00 | $25,850 | $0 | $0 | Yes (X) | |||
| DAVID BEAM | ||||||||
| TRUSTEE | 2.00 | $25,850 | $0 | $0 | Yes (X) | |||
| RICK JOYCE | ||||||||
| TRUSTEE | 10.00 | $25,850 | $0 | $0 | Yes (X) | |||
| MICHAEL POWELL | ||||||||
| TRUSTEE | 3.00 | $25,850 | $0 | $0 | Yes (X) | |||
| RICHARD TURBEVILLE | ||||||||
| TRUSTEE | 6.00 | $25,850 | $0 | $0 | Yes (X) | |||
| ELEANOR M FLANNERY | ||||||||
| TRUSTEE | 3.00 | $23,500 | $0 | $0 | Yes (X) | |||
| CRAIG WOODWARD | ||||||||
| TRUSTEE | 6.00 | $23,500 | $0 | $0 | Yes (X) | |||
| RHICHARD PRITCHETT III | ||||||||
| TRUSTEE | 5.00 | $21,150 | $0 | $0 | Yes (X) | |||
| GEOFFREY ROEPSTORFF | ||||||||
| TRUSTEE | 5.00 | $14,100 | $0 | $0 | Yes (X) | |||
| CHAUNCEY P GOSS | ||||||||
| TRUSTEE | 8.00 | $9,900 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,112,285 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $672,456 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 180 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HAUGHLAND ENERGY GROUP LLC | |||||
| 336 SOUTH SERVICE RD | MELVILLE | NY | 11747 | MAINT. & CONSTR | $35,691,120 |
| WESCO DISTRIBUTION INC | |||||
| 225 W STATION SQUARE DR | PITTSBURGH | PA | 19219 | ELECTRIC DISTR. | $22,161,143 |
| STUART C IRBY CO | |||||
| 815 IRBY DRIVE | JACKSON | MS | 39215 | ELECTRIC DISTR. | $21,071,114 |
| MASTEC NORTH AMERICA INC | |||||
| 800 S DOUGLAS ROAD | CORAL GABLES | FL | 33134 | MAINT. & CONSTR | $18,121,383 |
| GRESCO UILITY SUPPLY | |||||
| 1135 RUMBLE ROAD | FORSYTH | GA | 31029 | ELECTRIC DISTR. | $14,845,438 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 96 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| ELECTRIC REVENUE | $592,993,560 | $592,993,560 |
| PATRONAGE CAPITAL | $5,486,837 | $5,486,837 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $598,480,397 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,744 | TotalRevenueColumnAmt |
| Exclusion | $204,744 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $7,078,378 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $7,078,378 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,078,378 | TotalRevenueColumnAmt |
| Exclusion | $7,078,378 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,300,876 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,300,876 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,300,876 | TotalRevenueColumnAmt |
| Exclusion | $2,300,876 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $846,216 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $800,785 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,431 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,431 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $608,109,826 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $598,525,828 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $9,583,998 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,500 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,169,713 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,479,643 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,952 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,808,343 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,060,935 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $338,137,661 |
| DISTRIBUTION MAINTENANCE | $42,005,634 |
| ADMIN & GENERAL EXP | $18,973,850 |
| DISTRIBUTION OPERATIONS | $12,237,680 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,661,822 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,779,733 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,859,039 | BOYAmt |
| EOY | $3,480,592 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,987,080 | BOYAmt |
| EOY | $96,465,346 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,021,634 | BOYAmt |
| EOY | $22,475,546 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,052,964 | BOYAmt |
| EOY | $15,129,374 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,328,822,602 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $485,638,461 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $859,246,670 | BOYAmt |
| EOY | $843,184,141 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,339,997 | BOYAmt |
| EOY | $80,326,387 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,110,507,384 | BOYAmt |
| EOY | $1,061,061,386 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,100,581 | BOYAmt |
| EOY | $63,980,393 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $352,031,302 | BOYAmt |
| EOY | $332,511,026 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,476,001 | BOYAmt |
| EOY | $112,534,632 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,316,985 | BOYAmt |
| EOY | $58,896,301 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $724,924,869 | BOYAmt |
| EOY | $567,922,352 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,036,460 | BOYAmt |
| EOY | $1,063,300 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,911 | BOYAmt |
| EOY | $21,911 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,524,144 | BOYAmt |
| EOY | $492,053,823 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $385,582,515 | BOYAmt |
| EOY | $493,139,034 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,110,507,384 | BOYAmt |
| EOY | $1,061,061,386 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $103,330,093 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,226,426 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $40,000 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $15,062,063 | OtherCostOrOtherBasisAmt |
| Book Value | $15,102,063 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,312,242,289 | OtherCostOrOtherBasisAmt |
| Depreciation | $484,920,319 | DepreciationAmt |
| Book Value | $827,321,970 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,478,250 | OtherCostOrOtherBasisAmt |
| Depreciation | $718,142 | DepreciationAmt |
| Book Value | $760,108 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $843,184,141 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| PATRONAGE CAPITAL - SEMINOLE | $51,939,461 |
| PATRONAGE CAPITAL - COBANK | $12,437,128 |
| PATRONAGE CAPITAL - CFC | $9,941,120 |
| PATRONAGE CAPITAL - OTHER | $6,008,678 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $80,326,387 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $48,890,425 |
| CONSUMER DEPOSITS | $10,005,876 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $58,896,301 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $605,183,720 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $605,183,720 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,926,106 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,926,106 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $608,109,826 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $499,608,755 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $499,608,755 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,170,978 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,170,978 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $504,779,733 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COOPERATIVE IS EXEMPT FROM UNITED STATES INCOME TAXES PURSUANT TO 501 (C)(12) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES THAT AT LEAST EIGHTY FIVE PERCENT (85%) OF A COOPERATIVE'S INCOME BE COLLECTED FROM ITS MEMBERS. THE COOPERATIVE FOLLOWS GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WHICH IS PART OF FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESECRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | NON-OPERATING LOSS/INCOME 2,926,106 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL 5,170,978 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED WAY OF LEE COUNTY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7275 CONCOURSE DRIVE | AddressLine1Txt |
| City | FORT MYERS | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33908 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 591005169 | RecipientEIN |
| Cash Grant | $37,500 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 4, PART IV | FormAndLineReferenceDesc |
| Explanation | LCEC HAS REPRESENTAION OF THE UNITED WAY (UW) OF LEE, GLADES AND OKEECHOBEE BOARD OF DIRECTORS AND CONTINUALLY MONITORS THE ADMINISTRATION AND USE OF FUNDING TO AREA AGENCIES. IN ADDITION, MULTIPLE LCEC EMPLOYEES HOLD POSITIONS ON THE ANNUAL UW ALLOCATION COMMITTEE. IN THIS ROLE THE COMMITTEE REVIEWS THE FINANCIAL REPORTS, GRANT APPLICATIONS, RESULTS FROM THE PREVIOUS YEAR'S FUNDING ALLOCATION AND MAKES SITE VISITS FOR SELECTED AGENCIES. COMMITTEE MEMBERS MAKE RECOMMENDATIONS FOR FUNDING LEVELS TO BE RECEIVED FROM UW WHICH INCLUDES THE ANNUAL CONTRIBUTION FROM LCEC. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (true) | CompBasedOnRevenueOfFlngOrgInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| DENISE M VIDAL | ||||||
| EVP/CEO | $526,538 | $149,500 | $2,851 | $59,254 | $14,386 | $752,529 |
| SARAH BULLOCK | ||||||
| DIR OF FINANCE/CFO | $283,512 | $38,749 | $516 | $43,325 | $21,492 | $387,594 |
| RODNEY C HAWKINS | ||||||
| DIRECTOR, ELEC. OPS | $235,646 | $63,063 | $3,074 | $46,336 | $5,250 | $353,369 |
| EDWARD NAGY | ||||||
| DIRECTOR, IT/CIO | $245,414 | $35,033 | $2,002 | $49,032 | $14,292 | $345,773 |
| GARY AVIN | ||||||
| DIRECTOR OF CCO | $206,156 | $28,044 | $556 | $39,768 | $15,976 | $290,500 |
| WALTER RUTH | ||||||
| DIR. OF BUS. CONT. | $190,536 | $46,328 | $1,483 | $35,225 | $14,551 | $288,123 |
| KAREN RYAN | ||||||
| DIRECTOR OF PR | $209,100 | $28,444 | $2,677 | $40,824 | $6,845 | $287,890 |
| SANDRA THOMPSON | ||||||
| DIRECTOR OF HR | $210,042 | $29,984 | $1,754 | $32,651 | $11,110 | $285,541 |
| TROY HAMILTON | ||||||
| LINEMAN | $240,801 | $3,904 | $403 | $19,499 | $7,632 | $272,239 |
| DEREK HOLLAND | ||||||
| LINEMAN | $216,871 | $1,417 | $8,320 | $16,890 | $18,691 | $262,189 |
| RICHARD B LEWIS | ||||||
| LINEMAN | $215,452 | $3,762 | $156 | $22,294 | $19,792 | $261,456 |
| TREVOR KALLHOFF | ||||||
| LINEMAN | $222,134 | $2,262 | $3,225 | $16,284 | $15,492 | $259,397 |
| FRANK SHERKUS | ||||||
| MGR OF CONST & MAINT | $164,769 | $43,863 | $1,464 | $32,905 | $6,845 | $249,846 |
| AMANDA SMELKER | ||||||
| DIR, ADMIN SRVS | $173,677 | $17,372 | $681 | $33,759 | $12,056 | $237,545 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 5A | FormAndLineReferenceDesc |
| Explanation | NON-TAXABLE BENEFIT AMOUNTS ARE NET OF THE AMOUNT AN EMPLOYEE HAS REIMBURSED TO LCEC FOR BENEFITS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | LEE COUNTY ELECTRIC COOPERATIVE, INC. OPERATES ON THE COOPERATIVE BASIS IN ORDER TO PROVIDE AFFORDABLE ELECTRIC ENERGY TO ITS MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE COOPERATIVE'S ELEVEN (10) MEMBER BOARD OF DIRECTORS IS CHOSEN BY AND FROM THE MEMBERSHIP. AT EACH ANNUAL MEETING TO WHICH BALLOTS ARE RETURNED, DIRECTORS ARE ELECTED FOR THREE-YEAR STAGGERED TERMS, WITH AT LEAST THREE TO BE ELECTED EACH YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 7B | DECISIONS TO DISPOSE OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS, THE DISSOLUTION OF THE COOPERATIVE, AND AMMENDMENTS TO THE BY-LAWS MUST ALL BE APPROVED BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY THE MANAGER, FINANCE & ACCOUNTING AND STAFF. IT IS REVIEWED BY THE DIRECTOR OF FINANCE & SUPPLY CHAIN/CHIEF FIANACIAL OFFICER (CFO)AND EXECUTIVE VICE PRESIDENT EVIP/CHIEF EXECUTIVE OFFICER (CEO), AND REVIEWED WITH THE BOARD OF TRUSTEES. THEN APPROVED BY THE DIRECTOR OF FINANCE & SUPPLY CHAIN/CFO. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ON AN ANNUAL BASIS, ALL DIRECTORS, MANAGERS, AND BOARD OF TRUSTEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE COMPLETED AND SIGNED STATEMENTS ARE REVIEWED AND MAINTAINED BY THE AUDIT SERVICES DEPARTMENT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF TRUSTEES APPROVED THE COMPENSATION FOR THE EVP/CEO. THE EVP/CEO COMPENSATION WAS BASED UPON COMPENSATION SURVEY/STUDY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WERE BASED UPON THE COMPANY'S STANDARD APPROACH WHEREBY COMPENSATION MIDPOINTS/RANGE ARE ESTABLISHED BY THE HUMAN RESOURCES DEPARTMENT BASED UPON MARKET RATES, THE INDIVIDUAL PERFORMANCE AND ASSOCIATED COMPENSATION BASED SALARY ACTION IS DETERMINED BY THR NEXT LEVEL OF SUPERVISION. THE INCENTIVE PAY PORTION IS DETERMINED BY THE HUMAN RESOURCE DEPARTMENT FOR COMPLIANCE WITH THE SAID PROGRAM. THE BOARD OF TRUSTEES APRROVES THE INCENTIVE PROGRAM. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FORM 990 IS AVAILABLE UPON REQUEST |
| FORM 990, PART XI, LINE 9 | MEMBERSHIP FEES 26,840 ACCUMULATED COMPRHENSIVE INCOME 1,833,896 CAPITAL CREDIT REIREMENT 2,330,415 ESTATE RETIREMENTS 35,275 TOTAL 4,226,426 |
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