SOUTH TEXAS ELECTRIC COOPERATIVE INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SOUTH TEXAS ELECTRIC COOPERATIVE INC (EIN 74-1393760)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-08
- IRS object ID
- 201931289349300233
- 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 | 2019-05-08T08:28:19-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 741194944 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bumgardner Morrison & Company LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1501 E MOCKINGBIRD LN STE 300 | AddressLine1Txt |
| City | Victoria | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77903 | 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 | 741393760 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH TEXAS ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 3615756491 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 119 | AddressLine1Txt |
| City | NURSERY | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77976 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIKE KEZAR | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Signature | 2019-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL E WENSKE CPA | PreparerPersonNm |
| PTIN | P00047017 | PTIN |
| Phone | 3615750271 | PhoneNum |
| 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 | MIKE KEZAR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 119 | AddressLine1Txt |
| City | NURSERY | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77976 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $529,152,553 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.STEC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1944 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | Rural utility service cooperative for generation and transmission of electricity. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 284 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $497,668,230 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $526,343,842 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,422,653 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,769,356 | CYInvestmentIncomeAmt |
| PY Other Revenue | $829,295 | PYOtherRevenueAmt |
| CY Other Revenue | $927,653 | CYOtherRevenueAmt |
| PY Total Revenue | $499,920,178 | PYTotalRevenueAmt |
| CY Total Revenue | $529,040,851 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $26,674,056 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $32,462,191 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $34,747,432 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,768,691 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $489,674,898 | PYOtherExpensesAmt |
| CY Other Expenses | $509,937,355 | CYOtherExpensesAmt |
| PY Total Expenses | $551,096,386 | PYTotalExpensesAmt |
| CY Total Expenses | $579,168,237 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$51,176,208 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$50,127,386 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,405,884,368 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,404,012,079 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,109,984,333 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,075,649,855 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $295,900,035 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $328,362,224 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Rural utility service cooperative for generation and transmission of electricity. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SOUTH TEXAS ELECTRIC COOPERATIVE, INC. (STEC) IS ORGANIZED FOR THE PURPOSE OF GENERATING AND TRANSMITTING ELECTRIC POWER. STEC HAS EIGHT (8) MEMBER COOPERATIVES. STEC SELLS ITS POWER PURSUANT TO WHOLESALE POWER CONTRACTS WITH ITS MEMBER-CUSTOMERS. | 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 | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | 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 |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| 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 | 90 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 284 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Members And Shr Gross Income | $505,339,476 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $16,897,809 | OtherSourcesGrossIncomeAmt |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| 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 | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | 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 | false | 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 | FRANCES NITSCHMANN | PersonNm |
| Phone | 3614856170 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2849 FM 447 | AddressLine1Txt |
| City | VICTORIA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77905 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| BOBBY BAUCH | |||||||||
| Director | 1.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| BRAD BIERSTEDT | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| PAUL BRYSCH JR | |||||||||
| ASST SEC-TREAS | 5.50 | 0.00 | Yes (X) | $15,000 | $0 | $0 | Yes (X) | ||
| JAMES COLEMAN | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $13,200 | $0 | $0 | |||
| LEROY KASPAR | |||||||||
| Director | 4.00 | 0.00 | Yes (X) | $14,400 | $0 | $0 | |||
| RON HUGHES | |||||||||
| Director | 4.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| TOMMY ERMIS | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $12,600 | $0 | $0 | |||
| JOHN HERRERA | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| DONALD WEHMEYER | |||||||||
| Director | 7.00 | 0.00 | Yes (X) | $16,200 | $0 | $0 | |||
| TRACE McCUAN | |||||||||
| Director | 4.00 | 0.00 | Yes (X) | $12,000 | $0 | $0 | |||
| BLAINE WARZECHA | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $14,400 | $0 | $0 | |||
| BRUCE ELLIOTT | |||||||||
| Director | 3.00 | 0.00 | Yes (X) | $14,400 | $0 | $0 | |||
| LARRY HUESSER | |||||||||
| Vice President | 4.20 | 0.00 | Yes (X) | $15,000 | $0 | $0 | Yes (X) | ||
| MARK ROLLANS | |||||||||
| Director | 4.00 | 0.00 | Yes (X) | $15,000 | $0 | $0 | |||
| GARY RAYBON | |||||||||
| President | 8.00 | 0.00 | Yes (X) | $15,600 | $0 | $0 | Yes (X) | ||
| BARBARA S MILLER | |||||||||
| SEC-TREAS | 4.69 | 0.00 | Yes (X) | $14,400 | $0 | $0 | Yes (X) | ||
| FRANCES NITSCHMANN | |||||||||
| CFO | 55.00 | 0.00 | $224,632 | $0 | $97,992 | Yes (X) | |||
| MIKE KEZAR | |||||||||
| GENERAL MANAGER | 70.00 | 0.00 | $1,328,996 | $0 | $234,519 | Yes (X) | |||
| CORY J ALLEN | |||||||||
| ASST. GENERAL MANAGER | 55.00 | 0.00 | $293,573 | $0 | $119,995 | Yes (X) | |||
| JOHN PACKARD | |||||||||
| MGR-POWER SUPPLY | 50.00 | 0.00 | $271,745 | $0 | $113,973 | Yes (X) | |||
| DARRELL J KLIMITCHEK | |||||||||
| MGR-TECH SERVICES | 50.00 | 0.00 | $230,944 | $0 | $100,737 | Yes (X) | |||
| CLIFTON E LANGE | |||||||||
| MGR-WHOLESALE MKT | 50.00 | 0.00 | $232,982 | $0 | $100,012 | Yes (X) | |||
| ROGER BISHOP | |||||||||
| PLANT MANAGER | 50.00 | 0.00 | $220,330 | $0 | $95,464 | Yes (X) | |||
| DOROTHY K DISANTO | |||||||||
| MBR SERVICES COORD | 45.00 | 0.00 | $209,238 | $0 | $95,470 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,244,640 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $958,162 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 106 | 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 |
|---|---|---|---|---|---|
| ROTH CONSTRUCTION | |||||
| 2202 DELMAR DR | VICTORIA | TX | 77901 | CONSTRUCTION | $3,338,706 |
| LAMBDA CONSTRUCTION LTD | |||||
| 211 JESSES CIRCLE | NEW BRAUNFELS | TX | 78132 | CONSTRUCTION | $3,043,381 |
| MESA LINE SERVICES LLC | |||||
| 2505 FM 1462 | ALVIN | TX | 77511 | CONSTRUCTION | $2,858,099 |
| HAYNES AND BOONE LLP | |||||
| P O BOX 841399 | DALLAS | TX | 75284 | ATTORNEY | $2,828,164 |
| VOLT POWER LLC | |||||
| 2910 HWY 31 NW | HARTSELLE | AL | 35640 | CONSTRUCTION | $2,225,684 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 34 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CAPITAL CREDITS | 221000 | $4,055,294 | $4,055,294 |
| SALE OF ELECTRICITY-GROSS | 221000 | $522,288,548 | $522,288,548 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $526,343,842 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,776,723 | TotalRevenueColumnAmt |
| Exclusion | $1,776,723 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $104,335 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $111,702 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$7,367 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,367 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$7,367 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| INTERNET | 221000 | $1,800 | $1,800 | |
| MISC. NON-OPER. INCOME | 221000 | $920,738 | $920,738 | |
| RENT OF ELECTRIC PROP. | $5,115 | $5,115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $927,653 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $529,040,851 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $527,259,013 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,781,838 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,462,191 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,726,369 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,011,021 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,951,609 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,513,855 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,565,837 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,065,873 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,363,610 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $799,097 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| OPERATION EXP-OTH POWER SUPPLY | $309,840,775 |
| OPERATION EXP- PRODUCTION FUEL | $36,788,814 |
| MAINTENANCE EXP- PRODUCTION | $8,277,836 |
| PROPERTY TAXES | $8,243,400 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,557,950 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $579,168,237 | 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 | $33,033,966 | BOYAmt |
| EOY | $29,186,529 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,000,000 | BOYAmt |
| EOY | $39,000,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,622,214 | BOYAmt |
| EOY | $48,903,896 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,857,896 | BOYAmt |
| EOY | $18,623,278 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,472,589 | BOYAmt |
| EOY | $30,232,148 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,537,595,960 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $364,171,126 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,175,724,342 | BOYAmt |
| EOY | $1,173,424,834 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,163,817 | BOYAmt |
| EOY | $64,631,850 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,544 | BOYAmt |
| EOY | $9,544 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,405,884,368 | BOYAmt |
| EOY | $1,404,012,079 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,882,220 | BOYAmt |
| EOY | $58,433,015 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,049,179,830 | BOYAmt |
| EOY | $1,014,133,543 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,922,283 | BOYAmt |
| EOY | $3,083,297 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,109,984,333 | BOYAmt |
| EOY | $1,075,649,855 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450 | BOYAmt |
| EOY | $450 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488 | BOYAmt |
| EOY | $488 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,899,097 | BOYAmt |
| EOY | $328,361,286 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,900,035 | BOYAmt |
| EOY | $328,362,224 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,405,884,368 | BOYAmt |
| EOY | $1,404,012,079 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$50,127,386 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $82,589,575 | 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 | $55,598,057 | OtherCostOrOtherBasisAmt |
| Book Value | $55,598,057 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,803,759 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,354,948 | DepreciationAmt |
| Book Value | $12,448,811 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,394,135,679 | OtherCostOrOtherBasisAmt |
| Depreciation | $358,816,178 | DepreciationAmt |
| Book Value | $1,035,319,501 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $70,058,465 | OtherCostOrOtherBasisAmt |
| Book Value | $70,058,465 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,173,424,834 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | net credits for excess fuel, energy | Desc |
| Amt | $3,083,297 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,083,297 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $529,040,851 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $529,040,851 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $529,040,851 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $496,578,662 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $496,578,662 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $82,589,575 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $82,589,575 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $579,168,237 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | FormAndLineReferenceDesc |
| Explanation | PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS $32462191 BOOK / TAX DEPRECIATION DIFFERENCE $50127384 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| CLIFTON E LANGE | |||||
| MGR-WHOLESALE MKT | $232,982 | $71,500 | $28,512 | $332,994 | |
| CORY J ALLEN | |||||
| ASST. GENERAL MANAGER | $293,573 | $90,871 | $29,124 | $413,568 | |
| DARRELL J KLIMITCHEK | |||||
| MGR-TECH SERVICES | $230,944 | $72,201 | $28,536 | $331,681 | |
| DOROTHY K DISANTO | |||||
| MBR SERVICES COORD | $209,238 | $67,086 | $28,384 | $304,708 | |
| FRANCES NITSCHMANN | |||||
| CFO | $224,632 | $69,542 | $28,450 | $322,624 | |
| JOHN PACKARD | |||||
| MGR-POWER SUPPLY | $271,745 | $85,032 | $28,941 | $385,718 | |
| MIKE KEZAR | |||||
| GENERAL MANAGER | $670,404 | $204,154 | $30,365 | $1,563,515 | $658,592 |
| ROGER BISHOP | |||||
| PLANT MANAGER | $220,330 | $67,564 | $27,900 | $315,794 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Additional Information | FormAndLineReferenceDesc |
| Explanation | In reference to Schedule J, Part I, Question 4b, Mike Kezar received a $658,592 distribution from a 457(f) plan during the tax year. Amount was included in taxable wages on Form W-2. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | SOUTH TEXAS ELECTRIC COOPERATIVE, INC. (STEC) IS A NOT-FOR-PROFIT COOPERATIVE CORPORATION ORGANIZED FOR THE PURPOSE OF GENERATING AND TRANSMITTING ELECTRIC POWER. STEC HAS EIGHT (8) MEMBER COOPERATIVES. STEC SELLS ITS POWER PURSUANT TO WHOLESALE POWER CONTRACTS WITH ITS MEMBER-CUSTOMERS. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE RETURN WAS PROVIDED ELECTRONICALLY TO BOARD MEMBERS ALLOWING OPPORTUNITY FOR REVIEW AND DISCUSSION AT A FINANCE AND AUDIT COMMITTEE MEETING AND AT A BOARD MEETING BEFORE FILING. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | SOUTH TEXAS ELECTRIC COOPERATIVE, INC. HAS A CONFLICTS OF INTEREST POLICY. ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THIS POLICY WHEN THEY JOIN THE BOARD OF DIRECTORS OR ARE HIRED AND EACH SIGNS A COPY OF THIS POLICY. THE POLICY IS REVIEWED WITH THE BOARD AND KEY EMPLOYEES EACH YEAR. DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO DISCLOSE ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | THE BOARD OF DIRECTORS ANNUALLY ENGAGES A CONSULTANT THAT SPECIALIZES IN EMPLOYMENT AND COMPENSATION AND THEY ALSO REVIEW A COMPENSATION SURVEY PREPARED BY NRECA, THE NATIONAL ASSOCIATION FOR THE ELECTRIC COOPERATIVE. THE BOARD UTILIZES THIS INFORMATION IN ITS DELIBERATION AND DECISION ON COMPENSATION FOR THE CEO (THE GENERAL MANAGER). |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | THE ORGANIZATION ANNUALLY ENGAGES A CONSULTANT THAT SPECIALIZES IN EMPLOYMENT AND COMPENSATION, WHO PROVIDES THE GENERAL MANAGER AND THE BOARD OF DIRECTORS WITH INFORMATION ON SALARY LEVELS AND COMPENSATION APPROPRIATE FOR ALL LEVELS OF STAFF AT THE ORGANIZATION, INCLUDING THE OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS UTILIZED IN THE DELIBERATIONS AND DECISIONS ON OVERALL COMPENSATION INCREASES FOR OFFICERS AND KEY EMPLOYEES. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE FINANCIAL STATEMENTS ARE PRINTED IN THE COMPANY'S ANNUAL REPORT, POSTED ON THE WEBSITE, AND MADE AVAILABLE ON REQUEST. THE ARTICLES OF INCORPORATION ARE PUBLICLY AVAILABLE ON THE TEXAS SECRETARY OF STATE WEBSITE. THE COOPERATIVE'S BYLAWS AND POLICIES ARE NOT PUBLICLY AVAILABLE. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS = $32462191 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | TAX OVER BOOK DEPRECIATION = $50127384 |
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