2021-05-11T08:13:15-05:00 2020-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2020-01-01 610277343 MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION MEAD 2704222162 PO BOX 489 BRANDENBURG KY 40108 MARTIN LITTREL PRESIDENT & CEO 2704222162 2021-05-06 1 MARTIN LITTREL 999009999 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARTIN LITTREL PO BOX 489 BRANDENBURG KY 40108 52512211 0 X WWW.MCRECC.COM X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY. 7 7 80 0 0 0 0 0 55086534 51902247 461866 149462 331801 460502 55880201 52512211 0 0 491205 1068268 7058112 7343577 0 0 0 48330884 44100366 55880201 52512211 0 0 117432757 116075331 81591166 79441620 35841591 36633711 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY. 0 0 51443943 51971364 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY. 51443943 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 80 1 0 0 0 0 0 0 0 51971364 540847 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X X ANNA SWANSON VP ACCTG & FIN 2704222162 PO BOX 489 BRANDENBURG KY 40108 DAVID T WILSON II DIRECTOR 6.00 X 9632 0 0 DR JAMES G SILLS VICE CHAIRMAN 8.00 X X 9110 0 0 DARLA SIPES SEC-TREAS 8.00 X X 11865 0 0 PAUL EDD BUTLER DIRECTOR 8.00 X 9115 0 0 ROBERT RHODES CHAIRMAN 8.00 X X 10105 0 0 CHRISTOPHER CREECH DIRECTOR 6.00 X 9882 0 0 STEPHEN BARR DIRECTOR 6.00 X 10382 0 0 MARTIN LITTREL PRESIDENT/CEO 50.00 X 267716 0 41386 DAVID POE VP ENGINEERING & OPERATION 50.00 X 559379 0 36340 ANNA SWANSON VP, ACCTG & FINANCE 50.00 X 139950 0 26758 DAVID PACE VP, PUBLIC RELATIONS & MKT 50.00 X 118151 0 40688 MICHAEL FRENCH SYSTEM ENGINEER 45.00 X 116462 0 48687 MIKE FORD STAKING SUPERVISOR 40.00 X 105434 0 37447 JOHN CROSIER OPS SUPERINTENDENT 45.00 X 104625 0 17458 1481808 0 248764 7 0 1 0 THE TOWNSEND CORPORATION PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 1885014 M&M ELECTRICAL CONTRACTOR 5081 HWY 431 NORTH SPRINGFIELD TN 37172 POWER LINE CONSTRUCTION 666984 AUBREY SILVEY ENTERPRISES PO BOX 890093 CHARLOTTE NC 28289 SUBSTATION 466434 WILLIAM E GROVES CONSTRUCTION PO BOX 1205 MADISONVILLE KY 42431 SUBSTATION 440228 4 ELECTRIC SERVICE 221000 51902247 51902247 51902247 149462 149462 JOINT USE POLE ATTACHMENT 221000 274431 274431 SALE OF GENERAL PLANT 221000 116954 116954 PATRONAGE CAPITAL ALLOCAT 221000 69117 69117 460502 52512211 51971364 0 540847 1068268 1068268 897186 897186 4704969 4704969 730992 730992 620645 620645 389785 389785 17227 17227 16850 16850 140879 140879 2074775 2074775 4496855 4496855 170213 170213 PURCHASE POWER 35226516 35226516 DISTRIBUTION - MAINTENA 3877866 3877866 DISTRIBUTION - OPERATIO 2647656 2647656 COST AND INSTALLATION O 1524646 1524646 -6093117 -6093117 52512211 52512211 0 0 3273483 12174456 18915904 7437672 5626533 5796133 766064 782821 880922 794669 134608300 47838360 85056610 86769940 2271218 2280602 642023 39038 117432757 116075331 4487093 4659671 72523186 69926608 4580887 4855341 81591166 79441620 X 66785 64165 -383981 -365695 36158787 36935241 35841591 36633711 117432757 116075331 X 0 792120 X 0 0 0 134608300 47838360 86769940 86769940 CONSUMER DEPOSITS 1609113 OTHER CURRENT AND ACCRUED LIABILITIES 1289329 ACCUMULATED POSTRETIREMENT BENEFITS 1288536 CONSUMER ADVANCES FOR CONSTRUCTION 668363 4855341 X X X 0 0 0 DAVID POE VP ENGINEERING & OPERATION 559379 0 0 0 0 0 0 0 36340 0 595719 0 0 0 MARTIN LITTREL PRESIDENT/CEO 267716 0 0 0 0 0 0 0 41386 0 309102 0 0 0 ANNA SWANSON VP, ACCTG & FINANCE 139950 0 0 0 0 0 0 0 26758 0 166708 0 0 0 MICHAEL FRENCH SYSTEM ENGINEER 116462 0 0 0 0 0 0 0 48687 0 165149 0 0 0 DAVID PACE VP, PUBLIC RELATIONS & MKT 118151 0 0 0 0 0 0 0 40688 0 158839 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 100 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY AT LEAST A 2/3 MAJORITY OF MEMBERSHIP. BYLAWS MAY BE ALTERED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. MAY MAKE INQUIRIES AND CHANGES TO THE INFORMATION CONTAINED IN THE FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. AND B. THE BOARD RECEIVES DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH PERFORMANCE REVIEW FOR THE CEO, TO SET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND ARTICLES OF INCORPORATION ARE MADE AVAILABLE TO EACH NEW MEMBER. EACH YEAR AN ANNUAL MEETING OF MEMBERS IS HELD, WITH FINANCIAL INFORMATION DISTRIBUTED AT THIS MEETING. FINANCIAL INFORMATION IS AVAILABLE ON KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -18,285. MARGINS ALLOCATED TO MEMBERS 1,068,268. MEMBERSHIPS ISSUED -2,620. REFUNDS OF CAPITAL CREDITS -258,041. OTHER EQUITIES 2,798. FORM 990, PART IX, LINE 4 REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT. FORM 990, PART VII, SECTION A REPORTABLE COMPENSATION FROM THE ORGANIZATION FOR DAVID POE INCLUDES DISTRIBUTIONS FROM A 457(B) PLAN IN THE AMOUNT OF $381,408.