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TRI-COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
TRI-COUNTY ELECTRIC COOPERATIVE INC (EIN 59-0485704)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201743199349305644
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2017-11-15T10:40:43-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582475857PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NICHOLS CAULEY & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 CORDER ROADAddressLine1Txt
CityWARNER ROBINSCityNm
State AbbreviationGAStateAbbreviationCd
ZIP310887166ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590485704EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRI-COUNTY ELECTRIC COOPERATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTRI-BusinessNameControlTxt
Phone9049732285PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12862 WEST US 90AddressLine1Txt
CityMADISONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32341ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIUS HACKETTPersonNm
Person TitleGENERAL MANAGERPersonTitleTxt
Phone8009992285PhoneNum
Signature2017-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAL BRANTLEY CPAPreparerPersonNm
PTINP00636393PTIN
Phone4789293888PhoneNum
Preparation2017-11-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.88.174.3IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-13IPDt
IP Tm09:44:01IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id9156C17B00961BF853C4A30BE8D162B211FF3D79AtSubmissionCreationDeviceId
At Submission Filing Device IdE40B48D9D52361F8DCAE3AC725140B26D6DDF56CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2018-03-14 21:41:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIUS HACKETTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12862 WEST US 90AddressLine1Txt
CityMADISONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32341ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$39,619,862GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.TCEC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1941FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionPROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee69TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$40,959,328PYProgramServiceRevenueAmt
CY Program Service Revenue$39,545,849CYProgramServiceRevenueAmt
PY Investment Income$56,763PYInvestmentIncomeAmt
CY Investment Income$56,233CYInvestmentIncomeAmt
PY Other Revenue$3,791PYOtherRevenueAmt
CY Other Revenue$4,802CYOtherRevenueAmt
PY Total Revenue$41,019,882PYTotalRevenueAmt
CY Total Revenue$39,606,884CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$2,890,752PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,834,576CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$345,426PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$350,537CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$37,783,704PYOtherExpensesAmt
CY Other Expenses$37,421,771CYOtherExpensesAmt
PY Total Expenses$41,019,882PYTotalExpensesAmt
CY Total Expenses$39,606,884CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$86,325,842TotalAssetsBOYAmt
Total Assets EOY$89,405,672TotalAssetsEOYAmt
Total Liabilities BOY$51,931,669TotalLiabilitiesBOYAmt
Total Liabilities EOY$54,322,122TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$34,394,173NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$35,083,550NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$39,606,884ExpenseAmt
DescSALE OF ELECTRICITY TO COOPERATIVE MEMBERSDesc
Total Program Service Expenses$39,606,884TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document24IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee69EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Members And Shr Gross Income$39,404,441MembersAndShrGrossIncomeAmt
Other Sources Gross Income$202,443OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JULIUS HACKETT GENERAL MANAGERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8009992285PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 208 2862 WEST US 90AddressLine1Txt
CityMADISONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP323410208ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
NEAL BROWN
TRUSTEE6.00Yes (X)$2,800$0$0
ELMER COKER
TRUSTEE6.00Yes (X)$7,200$0$0
BOBBY DODD
TRUSTEE1.00Yes (X)$6,600$0$0
JUNIOR SMITH
TRUSTEE4.00Yes (X)$6,200$0$0
MALCOLM PAGE
TRUSTEE6.00Yes (X)$5,000$0$0
GEORGE WEBB
TRUSTEE6.00Yes (X)$7,400$0$0
GARY FULFORD
PRESIDENT6.00Yes (X)$5,800$0$0Yes (X)
ALBERT THOMAS JR
VICE PRESIDENT6.00Yes (X)$3,600$0$0Yes (X)
CATHERINE BETHEA
SECRETARY/TREASURER6.00Yes (X)$6,600$0$0Yes (X)
H JULIUS HACKETT
GENERAL MANAGER40.00$207,366$0$91,971Yes (X)
DARRELL TUTEN
MANAGER OF OPERATIONS40.00$101,388$0$22,497Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$359,954TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$114,468TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BRYANT TREE SERVICE INC
9368 132ND TERRACELIVE OAKFL32060RIGHT OF WAY TREE CUTTING$1,113,013
MUSGROVE CONSTRUCTION INC
8708 US 90LIVE OAKFL32060CONSTRUCTION CONTRACTOR$855,440
AUBREY SILVEY ENT INC
P O BOX 890093CHARLOTTENC28289CONSTRUCTION CONTRACTOR$366,176
POWERTECH ENGINEERING LLC
602 N HIGH SCHOOL RD STE AINDIANAPOLISIN46214WORK ORDER INSPECTIONS/SPECIAL PROJECTS$120,524
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
ELECTRICITY SALES221000$38,381,743$38,381,743
CAPITAL CREDITS221000$621,118$621,118
HOOK-UP & SERVICE CHG221000$396,778$396,778
POLE RENTAL221000$146,210$146,210
FieldValueIRS element (for citing)
Total Program Service Revenue$39,545,849TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$56,696TotalRevenueColumnAmt
Exclusion$56,696ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$12,515OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$12,978OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$463OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$463TotalRevenueColumnAmt
Exclusion-$463ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS NONPERATING INCOMEDesc
Business221000BusinessCd
Total Revenue Column$4,802TotalRevenueColumnAmt
Related Or Exempt Func Income$4,802RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,802OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,606,884TotalRevenueColumnAmt
Related Or Exempt Func Income$39,404,441RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$202,443ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,834,576TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$350,537TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,840,432TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,949,148TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF POWER$23,317,881
OPERATIONS & MAINTENANC$5,615,317
GENERAL & ADMINISTRATIV$2,234,510
CONSUMER ACCOUNTS$1,464,483

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$39,606,884TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,110,119BOYAmt
EOY$1,375,817EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,044,629BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,006,676BOYAmt
EOY$2,829,522EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$427,975BOYAmt
EOY$401,430EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$752,596BOYAmt
EOY$672,461EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$99,936,128LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$27,477,672LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$68,124,951BOYAmt
EOY$72,458,456EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$7,603,873BOYAmt
EOY$8,150,079EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,255,023BOYAmt
EOY$3,517,907EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$86,325,842BOYAmt
EOY$89,405,672EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,448,374BOYAmt
EOY$4,237,961EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$47,213,667BOYAmt
EOY$48,800,623EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,269,628BOYAmt
EOY$1,283,538EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,931,669BOYAmt
EOY$54,322,122EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$63,195BOYAmt
EOY$63,760EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$34,330,978BOYAmt
EOY$35,019,790EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$34,394,173BOYAmt
EOY$35,083,550EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$86,325,842BOYAmt
EOY$89,405,672EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$689,377OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$99,936,128OtherCostOrOtherBasisAmt
Depreciation$27,477,672DepreciationAmt
Book Value$72,458,456BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$72,458,456TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PATRONAGE CAPITAL - SEMINOLE ELETRIC$5,847,881C
PATRONAGE CAPITAL - NRUCFC$1,150,265C
PATRONAGE CAPITAL - GRESCO$413,313C
PATRONAGE CAPITAL - FEDERATED$325,210C
PATRONAGE CAPITAL - COBANK$234,190C
PATRONAGE CAPITAL - SEDC$146,533C
OTHER INVESTMENTS IN ASSOC. ORG.$32,687C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$8,150,079TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CONSUMER DEPOSITS$1,138,186
CONSUMER ADVANCES FOR CONSTRUCTION$145,352
FieldValueIRS element (for citing)
Total Liability$1,283,538TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$39,606,884TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$39,606,884RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$39,606,884TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$37,772,308TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$37,772,308ExpensesSubtotalAmt
Other Expenses Not Included$1,834,576OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,834,576ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$39,606,884TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE COOPERATIVE OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
PART XII, LINE 4B - OTHER ADJUSTMENTS:BENEFITS PAID TO OR FOR MEMBERS 1,834,576.
PART I, LINE 14 - BENEFITS PAID TO OR FOR MEMBERSTHE IRS REPORTING REQUIREMENTS FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4 AS AN EXPENSE IS DIFFERENT FROM THE CORPORATION'S REPORTING UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES (GAAP) FOR FINANCIAL REPORTING PURPOSES. THE CORPORATION HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART I, LINE 14 AND PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON THE 2015 MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2015, THE AMOUNT INCLUDED ON THE 2015 FORM 990 IS GENERATED USING 2015 FINANCIAL DATA AND RESULTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonH JULIUS HACKETTPersonNm
TitleGENERAL MANAGERTitleTxt
Base Compensation Filing Org$204,451BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$2,915OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$68,384DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$23,587NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$299,337TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6INDIVIDUAL AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE.
FORM 990, PART VI, SECTION A, LINE 7ATHE COOPERATIVE'S BOARD OF TRUSTEES ARE ELECTED BY ITS MEMBERS. THE BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BCERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FILING REQUIREMENTS OF FORM 990 IN GENERAL AND THIS FORM 990 SPECIFICALLY WERE REVIEWED WITH THE BOARD OF TRUSTEES AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CAN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES, AND THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES.
FORM 990, PART VI, SECTION B, LINE 15THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF TRUSTEES IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO TRUSTEE APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST.
FORM 990, PART XI, LINE 9:RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -1,349,064. INCREASE IN MEMBERSHIPS 565. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 203,300. BENEFITS PAID TO OR FOR MEMBERS 1,834,576.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS FROM THE PRIOR REPORTING YEAR.

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