2019-11-07T10:37:41-06:00 2018-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2018-01-01 370495772 Rural Electric Convenience Cooperative RURA 2174386197 PO Box 19 Auburn IL 626150019 David Stuva President/CEO 2174386197 2019-11-01 1 Patrick Cooper P00856177 3348347660 2019-11-01 142.154.130.164 2019-11-01 13:48:30 CD P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-01-14 16:20:31Z David Stuva PO Box 19 Auburn IL 626150019 14540165 0 X http//www.recc.coop/ X 1936 IL As an energy and services Cooperative, our Members' needs are Rural Electric Convenience Cooperative's first priority. 9 9 31 0 16462 15462 0 0 15227121 14276045 36506 54686 10740 209418 15274367 14540149 0 0 72100 814910 1283144 705751 0 0 0 14091710 13019488 15446954 14540149 -172587 0 39591483 40270471 27462107 27651698 12129376 12618773 As an energy and services Cooperative, our Members' needs are Rural Electric Convenience Cooperative's first priority. 0 0 Rural Electric Convenience Cooperative (RECC) serves about 5,800 consumers in Sangamon, Morgan, Macoupin, Christian, and Montgomery counties. RECC also serves consumers in several growing subdivisions around Springfield, Taylorville, Litchfield, and other towns. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 15 0 1 31 1 1 1 0 0 0 0 0 0 14161718 617553 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X David Stuva 2174386197 PO Box 19 Auburn IL 626150019 Jimmy Ayers Director 4.00 X 11160 0 0 John Beatty Director 4.00 X 11135 0 0 Cassie Eigenmann Director 4.00 X 10335 0 0 Melvin Repscher Director 5.00 X 11160 0 0 Thomas Hart Director 4.00 X 11160 0 0 Chris Wilcox Director 4.00 X 7860 0 0 Clayton Bloome Director 4.00 X 4810 0 0 Lou Weitekamp Director 4.00 X 10910 0 0 Andy Goleman Director 4.00 X 8330 0 0 David E Stuva President/CEO 50.00 X 187631 0 136535 George M Sheerin Manager of Finance/Admin 45.00 X 95209 0 47779 Timothy Hemberger Manager of Operations 45.00 X 86960 0 64777 456660 0 249091 1 0 1 0 Garret Funk 557 Ashbridge Hollow Road Batchtown IL 62006 Tree-Trimming Service 200193 Farm Credit Leasing Services NW-9675 PO Box 1450 Minneapolis MN 55485 Vehicle/Truck Leasing 192592 Association of Illinois Electric Coopera PO Box 3787 Springfield IL 62708 Support Services 145610 National Information Solution Cooperativ PO Box 1147 Mandan ND 58554 Business Software 138317 Acts Inc 14798 Dixon Road Auburn IL 62615 Construction Contracting Services 131380 5 Electric Revenue 221000 14001697 14001697 Capital Credits 221000 274348 274348 14276045 21607 21607 7166 0 7166 7166 7166 33095 16 33079 33079 33079 Other Non Operating Re 221000 185790 185790 990-T Activity 900099 16462 16462 202252 14540149 14494914 16462 28773 X 814910 705751 972831 1439536 Cost of Power 7691328 Distribution Expense - 1287236 Distribution Expense - 576728 Administrative & Genera 560269 491560 14540149 52849 27118 1530626 1430638 636407 523729 1509658 967758 54205191 18511322 34314893 35693869 1547050 1627359 39591483 40270471 2240938 1821851 204721 200604 24729902 25307933 286546 321310 27462107 27651698 X 0 0 630858 742482 11498518 11876291 12129376 12618773 39591483 40270471 X 0 489397 X 0 1 X 1 0 22209 22209 1309112 628704 680408 52873870 17882618 34991252 35693869 Accumulated Provision for Post Retirement Benefits 321310 321310 X 14540149 0 14540149 0 14540149 14161326 0 14161326 378823 378823 14540149 Part X, Line 2: The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state and local income tax examinations for years prior to 2015. Part XII, Line 4b - Other Adjustments: Current Year Margins Assigned to Members 814,910. Retirement of Capital Credits -436,087. X 0 0 0 David E Stuva President/CEO 187531 0 100 0 0 0 125214 0 11321 0 324166 0 0 0 Timothy Hemberger Manager of Operations 86860 0 100 0 0 0 52403 0 12374 0 151737 0 0 0 Form 990, Part VI, Section A, line 6 The Cooperative is a member owned cooperative. Form 990, Part VI, Section A, line 7a All Board members are elected by the membership. Form 990, Part VI, Section A, line 7b Any Bylaw changes are approved by members. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by management and then emailed to the Board members. Form 990, Part VI, Section B, line 12c The organization is self policed. Typically directors and key employees are addressed before conflict could arise. Form 990, Part VI, Section B, line 15a The process for determining compensation of the organization's Chief Financial Officer is done through an annual review performed by the Board. Form 990, Part VI, Section C, line 19 Bylaws are offered to all new members; all other documents are available at any time upon request. Form 990, Part IX, Line 4 The instructions to the 2018 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, 2018. For 2017 the Cooperative used margins retired rather than margins assigned. Form 990, Part XI, line 9: Net margins assigned to members 814,910. Retirement of capital credits -436,084. Gain on retirements 110,571.