DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC (EIN 75-0229997)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-09
- IRS object ID
- 201911299349302661
- Schema version
- 2018v3.1
- 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 | 2019-05-09T16:09:40-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750767305 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AXLEY & RODE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1388 | AddressLine1Txt |
| City | LUFKIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 759021388 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 750229997 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEEP EAST TEXAS ELECTRIC COOPERATIV | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DEEP | BusinessNameControlTxt |
| Phone | 9362752314 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 880 US HWY 21 EAST | AddressLine1Txt |
| City | SAN AUGUSTINE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75972 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRYAN WOOD | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 9362752314 | PhoneNum |
| Signature | 2019-05-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARY FORD CPA | PreparerPersonNm |
| PTIN | P00045242 | PTIN |
| Phone | 9366346621 | PhoneNum |
| Preparation | 2019-05-03 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.16.49 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-09 | IPDt |
| IP Tm | 16:09:40 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | D66BD3CC8366E3365D854C2F224190509AC2AA47 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0CA194CBC5E2A2BBF6CDC2BB91C36F06C0C9087E | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRYAN WOOD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 736 | AddressLine1Txt |
| City | SAN AUGUSTINE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75972 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $93,810,005 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://WWW.DEEPEAST.COM/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 122 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $90,836,359 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $93,470,376 | CYProgramServiceRevenueAmt |
| PY Investment Income | $284,199 | PYInvestmentIncomeAmt |
| CY Investment Income | $244,631 | CYInvestmentIncomeAmt |
| PY Other Revenue | $93,834 | PYOtherRevenueAmt |
| CY Other Revenue | $94,998 | CYOtherRevenueAmt |
| PY Total Revenue | $91,214,392 | PYTotalRevenueAmt |
| CY Total Revenue | $93,810,005 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,505,581 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,322,264 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $929,234 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $700,349 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $85,779,577 | PYOtherExpensesAmt |
| CY Other Expenses | $87,787,392 | CYOtherExpensesAmt |
| PY Total Expenses | $91,214,392 | PYTotalExpensesAmt |
| CY Total Expenses | $93,810,005 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $236,973,467 | TotalAssetsBOYAmt |
| Total Assets EOY | $235,517,990 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $141,871,346 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $135,851,888 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $95,102,121 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $99,666,102 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS. | 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 |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | 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 | false | 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | 25 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 122 | 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 | $93,470,376 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $339,629 | 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | false | 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 | GINA EVETT | PersonNm |
| Phone | 9362752314 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 736 | AddressLine1Txt |
| City | SAN AUGUSTINE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75972 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JP DOBBS JR | |||||||
| PRESIDENT | 9.00 | Yes (X) | Yes (X) | $29,265 | $0 | $0 | |
| RONNIE GREER | |||||||
| SECRETARY/TR | 5.00 | Yes (X) | Yes (X) | $19,683 | $0 | $0 | |
| WILLIAM A SPEIGHTS | |||||||
| VICE PRESIDE | 7.00 | Yes (X) | Yes (X) | $28,663 | $0 | $0 | |
| PAUL ALEXANDER | |||||||
| DIRECTOR | 3.00 | Yes (X) | $17,904 | $0 | $0 | ||
| JOHN CHILDS | |||||||
| DIRECTOR | 5.00 | Yes (X) | $22,926 | $0 | $0 | ||
| SERICA WILKINS | |||||||
| DIRECTOR | 4.00 | Yes (X) | $18,220 | $0 | $0 | ||
| MICHAEL G LEE | |||||||
| DIRECTOR | 3.00 | Yes (X) | $26,599 | $0 | $0 | ||
| MICHA MILLER | |||||||
| DIRECTOR | 2.00 | Yes (X) | $28,899 | $0 | $0 | ||
| BENNIS P STEPTOE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $11,119 | $0 | $0 | ||
| JIMMIE POPLIN | |||||||
| DIRECTOR | 5.00 | Yes (X) | $26,530 | $0 | $0 | ||
| JOE B WOOTEN | |||||||
| DIRECTOR | 4.00 | Yes (X) | $18,285 | $0 | $0 | ||
| DOUGLAS E TURK | |||||||
| GENERAL MANA | 60.30 | Yes (X) | $225,049 | $0 | $66,139 | ||
| GINA EVETT | |||||||
| ADMIN DIRECT | 40.00 | Yes (X) | $122,851 | $0 | $38,217 | ||
| KELLY PARKER | |||||||
| DIRECTOR OF | 40.00 | $114,075 | $0 | $42,472 | Yes (X) | ||
| JESSIE MORGAN | |||||||
| DIRECTOR OF | 40.00 | $110,106 | $0 | $40,624 | Yes (X) | ||
| CHARLES C BENNEFIELD | |||||||
| AREA SVC TEC | 51.90 | $102,390 | $0 | $33,534 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $922,564 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $220,986 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | 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 |
|---|---|---|---|---|---|
| EASTEX LINE CLEARING LLC | |||||
| PO BOX 1656 | LIVINGSTON | TX | 77351 | RIGHT OF WAY MA | $943,462 |
| HOFFPAUIR TREE SERVICE INC | |||||
| 456 THUNDER VALLY RD | DERIDDER | LA | 70634 | TREE TRIMMING | $607,722 |
| EAST TEXAS UTILITY SERVICE | |||||
| P O BOX 1673 | JACKSONVILLE | TX | 75766 | LINE CONTRACTOR | $364,240 |
| ECHO POWERLINE LLC | |||||
| 313 WALNUT ST | BUNKIE | LA | 71322 | POWERLINE INSTA | $351,847 |
| VOLT POWER | |||||
| 2910 HWY 31 NW | HARTSELLE | AL | 35640 | LINE CONTRACTOR | $286,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRICITY/FEES | 221000 | $89,168,570 | $89,168,570 |
| TRANSMISSION REVENUES | 221000 | $2,584,796 | $2,584,796 |
| PATRONAGE CAPITAL CREDITS | 221000 | $1,674,164 | $1,674,164 |
| METER LOOP | 221000 | $42,846 | $42,846 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $93,470,376 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $184,677 | TotalRevenueColumnAmt |
| Exclusion | $184,677 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $59,954 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $59,954 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,954 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59,954 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| QUALIFIED POLE RENTAL INC | 221000 | $86,496 | $86,496 |
| OIL AND GAS ROYALTY INCOM | 221000 | $8,502 | $8,502 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $94,998 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $93,810,005 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,530,330 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $279,675 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,322,264 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,349 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,223,184 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,037,822 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| POWER COST | $61,526,803 |
| DISTRIBUTION - MAINT. | $5,724,670 |
| DISTRIBUTION - OPERATIONS | $3,548,638 |
| OTHER EXPENSES | $2,519,210 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,207,065 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,810,005 | 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 | $2,611,553 | BOYAmt |
| EOY | $3,450,231 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,900,000 | BOYAmt |
| EOY | $1,600,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,786,313 | BOYAmt |
| EOY | $8,630,977 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,617 | BOYAmt |
| EOY | $7,451 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,846,903 | BOYAmt |
| EOY | $1,803,705 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,876,417 | BOYAmt |
| EOY | $5,134,848 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $249,601,838 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $71,701,949 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,464,064 | BOYAmt |
| EOY | $177,899,889 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,478,600 | BOYAmt |
| EOY | $36,990,889 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $236,973,467 | BOYAmt |
| EOY | $235,517,990 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,120,917 | BOYAmt |
| EOY | $14,826,031 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,524,672 | BOYAmt |
| EOY | $116,089,349 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,225,757 | BOYAmt |
| EOY | $4,936,508 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,871,346 | BOYAmt |
| EOY | $135,851,888 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,102,121 | BOYAmt |
| EOY | $99,666,102 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,102,121 | BOYAmt |
| EOY | $99,666,102 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $236,973,467 | BOYAmt |
| EOY | $235,517,990 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,563,981 | 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 | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,415,898 | OtherCostOrOtherBasisAmt |
| Book Value | $3,415,898 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,597,475 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,358,955 | DepreciationAmt |
| Book Value | $1,238,520 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $243,588,465 | OtherCostOrOtherBasisAmt |
| Depreciation | $70,342,994 | DepreciationAmt |
| Book Value | $173,245,471 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $177,899,889 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (12 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ETEC COOPERATIVE CAPITAL CREDITS | $26,953,605 |
| NTEC CAPITAL CREDITS | $6,022,873 |
| CFC CAPITAL TERM CERTIFICATES | $1,866,200 |
| NRUCFC PATRONAGE CAPITAL | $1,132,998 |
| TEC CAPITAL CREDITS | $727,701 |
| SEDC CAPITAL CREDITS | $207,483 |
| CRC PATRONAGE CAPITAL | $34,753 |
| INTEREST AND DIVIDENDS RECEIVABLE | $23,020 |
| OTHER INVESTMENTS IN ASSOC ORGS. | $20,860 |
| COBANK PATRONAGE CAPITAL | $1,000 |
| NRTC PATRONAGE CAPITAL | $346 |
| SPECIAL DEPOSITS | $50 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $36,990,889 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| POST RETIREMENT BENEFITS | $3,144,411 |
| CONSUMER DEPOSITS | $1,745,096 |
| CONSUMER ADVANCES FOR CONSTRUCTION | $30,270 |
| OTHER DEFERRED CREDIT - TRANSFORM | $17,100 |
| OTHER DEFERRED CREDIT - OCB | $150 |
| CONSUMER DEPOSITS - DEFERRED | -$150 |
| OTHER LIABILITIES | -$369 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,936,508 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $93,810,005 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $93,810,005 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $93,810,005 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $88,487,741 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $88,487,741 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,322,264 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,322,264 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $93,810,005 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITION, 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 | ALLOCATION OF MARGINS 5,322,264 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|
| DOUGLAS E TURK | ||||||
| GENERAL MANAGER | $215,950 | $8,481 | $618 | $45,684 | $20,455 | $291,188 |
| GINA EVETT | ||||||
| ADMIN DIRECTOR | $117,328 | $4,648 | $875 | $25,483 | $12,734 | $161,068 |
| KELLY PARKER | ||||||
| DIRECTOR OF OPS | $108,800 | $4,269 | $1,006 | $23,293 | $19,179 | $156,547 |
| JESSIE MORGAN | ||||||
| DIRECTOR OF ENG. | $105,165 | $4,077 | $864 | $21,545 | $19,079 | $150,730 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS CONSIST OF CONSUMERS PURCHASING POWER FROM DEEP EAST TEXAS ELECTRIC COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS GOVERN ACTIONS THROUGH ELECTION OF BOARD MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | PRIOR TO FILING FORM 990, A COPY OF THE FORM 990 IS PROVIDED TO EACH DIRECTOR AND IS ALSO REVIEWED AT A MEETING OF THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COOPERATIVE CLOSELY MONITORS THE PAYMENT OF INVOICES TO ENSURE THAT NO PAYMENTS ARE MADE TO INTERESTED PARTIES THAT ARE NOT WITHIN GUIDELINES OF POLICY. WHEN SELECTING VENDORS AND CONTRACTORS TO PROVIDE SERVICES OR SUP PLIES, THE COOPERATIVE MAKES A CONCERTED EFFORT TO OBTAIN INFORMATION ABOU T THE VENDOR THAT WOULD GIVE RISE TO ANY CONFLICT OF INTEREST. THE COOPERATIVE ALSO REQUIRES BOARD MEMBERS TO ANNUALLY DISCLOSE ANY CONFLICTS, AND NEW BOARD MEMBERS TO DISCLOSE CONFLICTS AT THE BEGINNING OF THEIR TERM. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COOPERATIVE RETAINS THE SERVICES OF PRIVATE CONSULTANTS TO PERIODICALLY REVIEW THE WAGE RANGES FOR ALL POSITIONS. THE CONSULTANT PROVIDES DATA FROM JOBS OF LIKE KIND AND IN SIMILAR AREAS AND COMPARES TO CURRENT RATES BEING PAID. THE PROCESS IS REVIEWED AND RANGES ARE SET IN PLACE. THE GENERAL MANAGER REVIEWS THE POSITIONS OF DIRECTOR OF ADMINISTRATION AND DIRECTOR OF ENGINEERING AND DIRECTOR OF OPERATIONS. A NEW COMPENSATION REVIEW OF ALL JOBS IS COMPLETED APPROXIMATELY EVERY 5 YEARS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COOPERATIVE RETAINS THE SERVICES OF PRIVATE CONSULTANTS TO PERIODICALLY REVIEW THE WAGE RANGES FOR ALL POSITIONS. THE CONSULTANT PROVIDES DATA FROM JOBS OF LIKE KIND AND IN SIMILAR AREAS AND COMPARES TO CURRENT RATES BEING PAID. THE PROCESS IS REVIEWED AND RANGES ARE SET IN PLACE. THE GENERAL MANAGER REVIEWS THE POSITIONS OF DIRECTOR OF ADMINISTRATION, DIRECTOR OF ENGINEERING, AND DIRECTOR OF OPERATIONS. A NEW COMPENSATION REVIEW OF ALL JOBS IS COMPLETED APPROXIMATELY EVERY 5 YEARS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | EACH NEW MEMBER IS PROVIDED A COPY OF THE COOPERATIVE'S BY-LAWS UPON APPLICATION FOR SERVICE. THE BY-LAWS ARE ALSO AVAILABLE ON COOPERATIVE'S WEBSITE. COPIES OF THE COOPERATIVE'S CONFLICT OF INTEREST POLICY ARE PROVIDED TO NEW EMPLOYEES UPON HIRING. THESE ARE AVAILABLE TO MEMBERS BY REQUEST. ANNUAL FINANCIAL STATEMENTS ARE PUBLISHED IN THE TEXAS CO-OP POWER MAGAZINE. |
| FORM 990, PART XI, LINE 9 | GAIN/LOSS ON OCI 160,468 OTHER CHANGES IN EQUITY 11,026 2018 PATRONAGE CAPITAL TO BE ALLOCATED 5,322,264 PATRONAGE DIVIDEND -929,777 TOTAL 4,563,981 |
Comments