2022-08-09T16:24:38-05:00 2021-12-31 750767305 AXLEY & RODE LLP PO BOX 1388 LUFKIN TX 759021388 990 2021-01-01 740695563 SAM HOUSTON ELECTRIC COOPERATIVE INC SAMH 9363275711 PO BOX 1121 LIVINGSTON TX 773511121 JOSEPH CONNER CFO 9363275711 2022-07-19 true JOSEPH CONNER 999009999 MEHGAN IBANEZ CPA P02031962 9366346621 2022-07-19 2021 2022-09-23 18:48:47Z DOUGLAS TURK PO BOX 1121 LIVINGSTON TX 773511121 193585191 false X WWW.SAMHOUSTON.NET X 1939 TX SALES AND SERVICE OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS. 11 11 171 0 0 171647092 192569897 373336 365926 645616 649368 172666044 193585191 0 2793547 0 2394014 2522339 0 0 166714508 180437445 171902069 182959784 763975 10625407 481344535 521558036 290410694 319414010 190933841 202144026 SALES AND SERVICES OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS false false SALES AND SERVICE OF ELECTRICAL POWER TO APPROXIMATELY 83,000 ACCOUNTS ON A COOPERATIVE BASIS false false false false false false false true false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false true true false false true 64 0 true 171 true false false false false false 187606273 5978918 false false false X 11 11 false false false false true true true true false false false true true true true true true true true false X JOSEPH CONNER 9363275711 PO BOX 1121 LIVINGSTON TX 77351 X ROBERT BOYD - SEE SCHEDULE O PRESIDENT 10.00 X X 27548 0 0 DON BOYETT - SEE SCHEDULE O TREASURER 6.00 X X 28948 0 0 CASEY EVANS DAVIS - SEE SCHEDULE O DIRECTOR 5.00 X 26648 0 0 JAMES ELMORE - SEE SCHEDULE O DIRECTOR 2.00 X 26348 0 0 KATHERINE HARDIN - SEE SCHEDULE O SECRETARY 3.00 X X 25848 0 0 GARY JENKE - SEE SCHEDULE O DIRECTOR 4.00 X 25848 0 0 ERNIE MILES - SEE SCHEDULE O DIRECTOR 5.00 X 27648 0 0 MICHAEL OLDNER - SEE SCHEDULE O DIRECTOR 2.00 X 26348 0 0 MILT PURVIS - SEE SCHEDULE O VICE PRESIDE 5.00 X X 24648 0 0 JIM SEALE - SEE SCHEDULE O DIRECTOR 3.00 X 27148 0 0 CHUCK TURNER - SEE SCHEDULE O DIRECTOR 7.00 X 25848 0 0 ROBERT LEISNER RETIRED DIRE X 19048 0 0 TRUITT THOMSON RETIRED DIRE X 19048 0 0 DOUGLAS TURK CEO 57.00 X 366958 0 171927 DAVID BABCOCK ASSISTANT GM 42.00 X 260660 0 95992 KEITH STAPLES CHIEF INFO O 41.00 X 232838 0 125407 KEITH STAPLETON CHIEF COMM O 41.00 X 234635 0 172800 JOSEPH CONNER CFO 41.00 X 216767 0 65992 RYAN BROWN CHIEF ENGINE 45.00 X 177528 0 65111 RICKY HARRELL MANAGER OF M 43.00 X 176065 0 103761 TERRY LOWE FOREMAN 64.00 X 163479 0 52322 SCOTT FERGUSON MANAGER OF O 44.00 X 168325 0 127997 WILLIAM TOWNLEY MANAGER OF C 42.00 X 165367 0 69898 ROBERT LANTRIP FOREMAN 63.00 X 165737 0 57351 2659283 1108558 64 true true false EAST TEXAS ELECTRIC COOPERATIVE PO BOX 631623 NACOGDOCHES TX 759631623 WHOLESALE ELECT 124642333 KBS MANAGEMENT PO BOX 4591 BRYAN TX 77805 MATERIALS 27656915 COTTON UTILITY CONSTRUCTORS INC 310 PLYMOUTH ROCK LIVINGSTON TX 77351 UTILITY CONTRAC 6260175 VOLT POWER LLC 3100 INTERSTATE N CIR SE SUITE 300 ATLANTA GA 30339 UTILITY CONTRAC 4674470 J & M UTILITY CONSTRUCTION INC PO BOX 569 HILLISTER TX 77624 UTILITY CONTRAC 4372488 61 ELECTRIC ENERGY 221000 187606273 187606273 PATRONAGE CAPITAL - G&T 221000 3082720 3082720 PATRONAGE CAPITAL - OTHER 221000 1880904 1880904 192569897 160844 160844 205082 205082 205082 205082 QUALIFIED POLE RENTAL 221000 649368 649368 649368 193585191 193424347 160844 2479443 42896 7989712 20803715 COST OF PURCHASED POWER 112712778 MAINTENANCE - DIST EXP 16137121 ADMIN & GENERAL 7512642 DISTRIBUTION-OPERATIONS 6166523 9114954 182959784 0 0 0 5059933 5609416 1723161 2156741 19309122 20100563 1728017 386799 16648595 24777889 612840985 219212744 365662707 393628241 71213000 74898387 481344535 521558036 29898980 28894148 1754654 1750269 250249163 277587904 8507897 11181689 290410694 319414010 X 190933841 202144026 190933841 202144026 481344535 521558036 X 10625407 584778 X false true X true false false true X 10431775 10431775 20213626 9959736 10253890 582195584 209253008 372942576 393628241 PATRONAGE INVESTMENT - ETEC (SRG&T) 50529933 C PATRONAGE CAPITAL - ETEC 8648136 C PATRONAGE CAPITAL - COBANK 7420329 C PATRONAGE CAPITAL - CFC 5302800 C PATRONAGE INVESTMENT - ETEC (TEX-LA) 2183024 C INVESTMENT IN OTHER ASSOC. ORG 427853 C PATRONAGE CAPITAL - TEC 386312 C 74898387 POST RETIREMENT BENEFITS 8326855 DEFERRED CREDITS - OVER RECOVERY 2737760 HECATE ENERGY SECURITY DEPOSIT 100000 INTEREST ACCRUED - COASTAL WATER 17074 11181689 X 193585191 193585191 193585191 182959784 182959784 182959784 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE COOPERATIVE HOLDS SCHOLARSHIP FUNDS IN A TRUSTEE CAPACITY GRANTED BY TEXAS LEGISLATURE HOUSE BILL 3203. THIS LEGISLATION ALLOWS ELECTRIC COOPERATIVES TO USE UNCLAIMED PROPERTY TO FUND SCHOLARSHIPS, ECONOMIC DEVELOPMENT, AND ENERGY EFFICIENCY GRANTS. THE COOPERATIVE WAS HOLDING 984,738 IN SUCH FUNDS AT YEAR END 2021 AND 989,172 AT YEAR END 2020. THE COOPERATIVE IS HOLDING 763,963 AND 780,649 AT YEAR END 2021 AND 2020 RESPECTIVELY, IN "UNUSED AID TO CONSTRUCTION." THIS IS AN ESCROW TYPE ARRANGEMENT IN THAT THE FUNDS WERE RECEIVED FOR CONSTRUCTION OF UTILITY INFRASTRUCTURE TO BE USED BY A SPECIFIC MEMBER(S). THE FUNDS WILL BE USED AS CONSTRUCTION IS COMPLETED. AFTER COMPLETION OF THE CONSTRUCTION PROJECT, ALL REMAINING UNUSED AID TO CONSTRUCTION IS REFUNDED TO THE MEMBER(S). THE COOPERATIVE IS HOLDING 1,623 AND 767 AT YEAR END 2021 AND 2020, RESPECTIVELY, THAT IT HAS COLLECTED FOR "OPERATION ROUNDUP" WHICH IS A PROGRAM THAT WAS IMPLEMENTED IN 2014 BY THE COOPERATIVE TO ALLOW MEMBERS THE OPTION TO "ROUND UP" THEIR MONTHLY POWER BILLS TO THE NEXT DOLLAR FOR THE PURPOSE OF ALLOWING THAT MONEY TO BE ACCUMULATED AND DONATED FOR CHARITABLE OR OTHER NONPROFIT PURPOSES TO ENTITIES IN THE COOPERATIVE'S SERVICE AREA VIA THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION, A RELATED ORGANIZATION. THE DONATED FUNDS ARE HELD IN ESCROW UNTIL THEY CAN BE TIMELY REMITTED. SCHEDULE D, PAGE 3, PART X FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITIONS, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT RETIREMENTS 0 X X X X X X false false false ROBERT LEISNER RETIRED DIRECTOR 19048 19048 TRUITT THOMSON RETIRED DIRECTOR 19048 19048 DOUGLAS TURK CEO 339908 17450 9600 148577 23350 538885 DAVID BABCOCK ASSISTANT GM/COO 239111 11949 9600 72644 23348 356652 KEITH STAPLES CHIEF INFO OFF 212346 10892 9600 102056 23351 358245 KEITH STAPLETON CHIEF COMM OFF 214120 10915 9600 149449 23351 407435 JOSEPH CONNER CFO 196993 10174 9600 42676 23316 282759 RYAN BROWN CHIEF ENGINEERING 159319 8609 9600 42264 22847 242639 RICKY HARRELL MANAGER OF MEMB SVCS 158751 7714 9600 102173 1588 279826 TERRY LOWE FOREMAN 158868 4611 30119 22203 215801 SCOTT FERGUSON MANAGER OF OPS 151421 7304 9600 115520 12477 296322 WILLIAM TOWNLEY MANAGER OF CONST 148174 7593 9600 47099 22799 235265 ROBERT LANTRIP FOREMAN 161126 4611 45445 11906 223088 SCHEDULE J, PART III PART II, COLUMN C. INCLUDED IN THIS AMOUNT ARE THE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION PLAN (401K) AND THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER THE NRECA R&S DEFINED BENEFIT PLAN. THE CHANGE IN ACTUAL VALUE FOR EACH INDIVIDUAL PARTICIPANT IS BASED ON ACTUARIAL DATA AND ASSUMPTIONS. THE AMOUNTS IN COLUMN C ARE FURTHER EXPLAINED AS FOLLOWS. DOUGLAS TURK - 17,400.00 401K, 131,177 ACTUARIAL INCREASE DAVID BABCOCK - 14,121 401K, 58,523 ACTUARIAL INCREASE KEITH STAPLES - 13,100 401K, 88,956 ACTUARIAL INCREASE KEITH STAPLETON - 13,128 401K, 136,321 ACTUARIAL INCREASE JOSEPH CONNER - 12,209 401K, 30,467 ACTUARIAL INCREASE RYAN BROWN - 9,926 401K, 32,338 ACTUARIAL INCREASE RICKY HARRELL - 9,065 401K, 93,108 ACTUARIAL INCREASE TERRY LOWE - 5,091 401K, 25,028 ACTUARIAL INCREASE SCOTT FERGUSON - 8,791 401K, 106,729 ACTUARIAL INCREASE WILLIAM TOWNLEY - 8,923 401K, 38,176 ACTUARIAL INCREASE ROBERT LANTRIP - 5,091 401K, 40,354 ACTUARIAL INCREASE FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER HAS A RIGHT TO RECEIVE ADEQUATE AND DEPENDABLE ELECTRIC SERVICE, PRIVACY, BE HEARD AT MEMBER MEETINGS, THEIR SHARE OF CAPITAL CREDITS, INFORMATION ABOUT SAM HOUSTON ECI, HAVE THEIR PROPERTY TREATED WITH CARE BY COOPERATIVE EMPLOYEES, BE HEARD IF THEY HAVE A DISPUTE OR COMPLAINT, AND HAVE SERVICE WITHOUT REGARD TO RACE, COLOR, SEX, NATIONALITY, RELIGION, OR MARITAL STATUS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS HAVE THE ABILITY TO ELECT THE GOVERNING BODY. DIRECTORS ARE ELECTED FOR 5 YEAR TERMS AND MUST MEET CERTAIN QUALIFICATIONS AS DEFINED BY THE COOPERATIVE BYLAWS. ELECTIONS ARE CONDUCTED BY MAIL OR ELECTRONIC BALLOT. THE BOARD OF DIRECTORS APPOINTS AN ELECTION COMMITTEE WHOSE TERMS AND QUALIFICATIONS ARE DEFINED IN THE BYLAWS. NOMINEES ARE CHOSEN BY THE ELECTION COMMITTEE AND A BALLOT IS PREPARED AND POSTED AS WELL AS MAILED. NOMINATIONS BY PETITION ARE ALSO ACCEPTED. A DEADLINE FOR RECEIPT OF BALLOTS IS DEFINED IN THE COOPERATIVE BYLAWS. A NOMINEE RECEIVING THE MOST VOTES FOR A PARTICULAR PLACE SHALL BE DEEMED ELECTED. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS MUST APPROVE BY VOTE ALL DIRECTORS AS WELL AS ANY CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PAGE 6, PART VI, LINE 8B COMMITTEES OF THE BOARD DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B ONE OF THE DUTIES ASSIGNED TO THE AUDIT COMMITTEE BY THE BOARD IS PRELIMINARY REVIEW OF THE 990. EACH MEMBER OF THE AUDIT COMMITTEE IS ALLOWED TIME TO REVIEW THE 990 AND INQUIRE OF THE PARTIES RESPONSIBLE FOR THE 990 COMPLETION AND FILING. ONCE THE AUDIT COMMITTEE HAS REVIEWED AND APPROVED THE 990, IT IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AND QUESTIONS. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS TO THE ENTIRE BOARD THAT THE 990 BE APPROVED AND FILED. AFTER BOARD APPROVAL, THE 990 IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE HAS INCLUDED A CONFLICT OF INTEREST POLICY IN ITS BOARD POLICY MANUAL. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST INQUIRY ANNUALLY AND SIGN AN AFFIDAVIT IDENTIFYING WHETHER ANY SUCH CONFLICTS EXIST. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR INTERPRETING AND ENFORCING THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. A COMMITTEE OF THE BOARD REVIEWS THE SURVEY AND OTHER RELEVENT INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD. THE BOARD REVIEWS THE INFORMATION AND SETS THE COMPENSATION FOR THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. THE CEO REVIEWS THE SURVEY AND MAKES A RECOMMENDATION TO A COMMITTEE OF THE BOARD FOR SALARY RANGES FOR OFFICERS AND KEY EMPLOYEES. THAT COMMITTEE REVIEWS THE RECOMMENDED RANGES, MAKES ANY NECESSARY CHANGES AND RECOMMENDS THE RANGES TO THE FULL BOARD FOR APPROVAL. THE CEO EVALUATES THE OFFICERS AND KEY EMPLOYEES AND SETS THEIR SALARIES WITHIN THE RANGES APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. FINANCIAL STATEMENTS ARE ALSO INCLUDED IN AN ANNUAL REPORT AND MAILED TO ALL MEMBERS. FORM 990, PART VII COMPENSATION AMOUNTS FOR RETIRED DIRECTORS REFLECT CERTAIN HEALTH INSURANCE BENEFITS DURING THE CALENDAR YEAR. FORM 990, PART XI, LINE 9 OTHER COMPREHENSIVE INCOME 584,778 SAM HOUSTON ELECTRIC COOPERATIVE CH 1157 EAST CHURCH STREET LIVINGSTON TX 773513360 474364992 CHARITABLE TX 501C3 7 SHECO SAM HOUSTON ELECTRIC COOPERATIVE true false false false false false false false false false false false false false false false false false false false SCHEDULE R TRANSACTIONS WITH RELATED ORGANIZATIONS PART V LINE 1 PART V LINE 1(L), PART V LINE 1 (N), & PART V LINE 1 (0) - THE COOPERATIVE USES ITS EMPLOYEES AND FACILITIES TO ADMINISTER OPERATIONS OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION. THE COOPERATIVE DOES NOT CHARGE OR COLLECT FEES FOR THESE ACTIVITIES. PART V LINE 1(R) - THE COOPERATIVE ROUTINELY COLLECTS MONTHLY DONATIONS, ON BEHALF OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION, AS PART OF THE COOPERATIVE'S MONTHLY BILLINGS TO MEMBERS. ALL DONATIONS COLLECTED ARE REMITTED TO THE FOUNDATION ON A MONTHLY BASIS. THE COOPERATIVE DOES NOT RETAIN ANY FEE FOR THESE SERVICES. THE FAIR VALUE OF THESE SERVICES HAVE BEEN DETERMINED TO BE BELOW 50,000.