OCONTO ELECTRIC COOPERATIVE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- OCONTO ELECTRIC COOPERATIVE (EIN 39-0513423)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-06
- IRS object ID
- 201601279349301300
- Schema version
- 2015v2.1
- 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 | 2016-05-06T14:35:54-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 391277627 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAUMAN ASSOCIATES LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1225 | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 547021225 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390513423 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OCONTO ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OCON | BusinessNameControlTxt |
| Phone | 9208462816 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 168 | AddressLine1Txt |
| City | OCONTO FALLS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 541540168 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BYRON NOLDE | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 9208462816 | PhoneNum |
| Signature | 2016-04-25 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NATHAN KALEPP CPA | PreparerPersonNm |
| PTIN | P01320467 | PTIN |
| Phone | 7158342001 | PhoneNum |
| Preparation | 2016-04-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BYRON NOLDE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 168 | AddressLine1Txt |
| City | OCONTO FALLS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 541540168 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,130,293 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.OCONTOELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRICITY TO MEMBERS IN AN EFFICIENT MANNER UTILIZING COOPERATIVE PRINCIPLES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 39 | TotalEmployeeCnt |
| Total Gross UBI | $380,707 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $64,698 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,127,037 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,820,620 | CYProgramServiceRevenueAmt |
| PY Investment Income | $62,428 | PYInvestmentIncomeAmt |
| CY Investment Income | $100,282 | CYInvestmentIncomeAmt |
| PY Other Revenue | $388,471 | PYOtherRevenueAmt |
| CY Other Revenue | $380,707 | CYOtherRevenueAmt |
| PY Total Revenue | $16,577,936 | PYTotalRevenueAmt |
| CY Total Revenue | $16,301,609 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,451,946 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,485,455 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $420,944 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $429,817 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,705,046 | PYOtherExpensesAmt |
| CY Other Expenses | $14,386,337 | CYOtherExpensesAmt |
| PY Total Expenses | $16,577,936 | PYTotalExpensesAmt |
| CY Total Expenses | $16,301,609 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $39,580,230 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,849,947 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $23,658,214 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,880,722 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,922,016 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,969,225 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ELECTRICITY TO MEMBERS IN AN EFFICIENT MANNER UTILIZING COOPERATIVE PRINCIPLES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | OPERATIONS ARE BASED UPON THE COOPERATIVE PRINCIPLES PROVIDED ELECTRICITY SOURCE TO MEMBERS OF THE COOPERATIVE BY PURCHASING WHOLESALE POWER; BUILDING, MAINTAINING, AND OPERATING AN ELECTRICAL DISTRIBUTION SYSTEM; AND OPERATED MEMBER INFORMATION AND CUSTOMER SUPPORT OPERATIONS. | 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 | 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 | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 39 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $15,629,981 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,309,673 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | 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 | false | 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 | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN FRIEDMAN | PersonNm |
| Phone | 9208462816 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7479 REA ROAD | AddressLine1Txt |
| City | OCONTO FALLS | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54154 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| DAN KANACK | ||||||
| TREASURER | 6.00 | Yes (X) | $11,265 | $0 | $0 | |
| DOUGLAS ALLEN | ||||||
| VICE CHAIR | 6.00 | Yes (X) | $11,145 | $0 | $0 | |
| TONY WAGNER | ||||||
| DIRECTOR | 6.00 | Yes (X) | $11,025 | $0 | $0 | |
| KENNETH CISAR | ||||||
| DIRECTOR | 5.00 | Yes (X) | $9,670 | $0 | $0 | |
| VERNON GISENAS | ||||||
| DIRECTOR | 4.00 | Yes (X) | $8,905 | $0 | $0 | |
| TODD DUAME | ||||||
| SECRETARY | 4.00 | Yes (X) | $8,315 | $0 | $0 | |
| DAVID HISCHKE | ||||||
| CHAIRMAN | 4.50 | Yes (X) | $7,605 | $0 | $0 | |
| BYRON NOLDE | ||||||
| CEO | 40.00 | $183,561 | $0 | $75,662 | Yes (X) | |
| KAREN FRIEDMAN | ||||||
| CFO | 40.00 | $84,611 | $0 | $14,228 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $336,102 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $89,890 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BUGLE CONTRACTING | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11880 CO 426 E RD | AddressLine1Txt |
| City | CORNELL | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49818 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | TREE TRIMMING | ServicesDesc |
| Compensation | $328,811 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC OPERATIONS | 221000 | $15,629,981 | $15,629,981 |
| PATRONAGE DIVIDEND | 900099 | $167,312 | $167,312 |
| RENTAL INCOME | 900099 | $23,327 | $23,327 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,820,620 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,282 | TotalRevenueColumnAmt |
| Exclusion | $100,282 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,209,391 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $828,684 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $380,707 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $380,707 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,301,609 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,820,620 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $380,707 | UnrelatedBusinessRevenueAmt |
| Exclusion | $100,282 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,485,455 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $429,817 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $939,008 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,643,450 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $8,322,331 |
| DISTRIBUTION-OPERATION | $796,845 |
| ADMIN AND GENERAL | $729,989 |
| DISTRIBUTION-MAINTENANCE | $629,910 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,324,804 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,301,609 | 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 | $632,111 | BOYAmt |
| EOY | $753,378 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,226,722 | BOYAmt |
| EOY | $2,098,375 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $758,557 | BOYAmt |
| EOY | $779,581 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $274,455 | BOYAmt |
| EOY | $320,478 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $55,019,835 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,603,245 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,271,434 | BOYAmt |
| EOY | $34,416,590 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,366,032 | BOYAmt |
| EOY | $1,408,131 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,919 | BOYAmt |
| EOY | $73,414 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,580,230 | BOYAmt |
| EOY | $39,849,947 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $975,762 | BOYAmt |
| EOY | $903,315 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,782,540 | BOYAmt |
| EOY | $21,097,651 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $899,912 | BOYAmt |
| EOY | $879,756 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,658,214 | BOYAmt |
| EOY | $22,880,722 | 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 | $14,908,806 | BOYAmt |
| EOY | $15,843,876 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,013,210 | BOYAmt |
| EOY | $1,125,349 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,922,016 | BOYAmt |
| EOY | $16,969,225 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,580,230 | BOYAmt |
| EOY | $39,849,947 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,047,209 | 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 | $442,288 | OtherCostOrOtherBasisAmt |
| Book Value | $442,288 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,577,547 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,603,245 | DepreciationAmt |
| Book Value | $33,974,302 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,416,590 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED LIABILITIES | $374,253 |
| DEFERRED CREDITS | $349,035 |
| CONSUMER DEPOSITS | $156,468 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $879,756 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $17,006,178 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $828,684 | OtherRevenueAmt |
| Revenue Not Reported | $828,684 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,177,494 | RevenueSubtotalAmt |
| Other Revenues Not Included | $124,115 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $124,115 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,301,609 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,520,723 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $828,684 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $828,684 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,692,039 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,609,570 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,609,570 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,301,609 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | EXPLANATION: THE COOPERATIVE WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE COOPERATIVE'S PREVIOUS THREE TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | COGS 828,684 |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | RADIO SHACK REVENUE NETTED WITH EXPENSES 117,819 NON-OPERATING EXPENSES 6,296 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | RADIO SHACK COGS 828,684 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | RADIO SHACK REVENUE NETTED WITH EXPENSES 117,819 NET MARGINS TO BE ALLOCATED TO MEMBERS 1,485,455 NON-OPERATING EXPENSES 6,296 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BYRON NOLDE | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $183,561 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $55,622 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $20,040 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $259,223 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | EXPLANATION: THE ORGANIZATION IS A COOPERATIVE WITH MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EXPLANATION: EACH MEMBER OF THE COOPERATIVE HAS THE RIGHT TO ELECT THE BOARD MEMBER WITHIN THE DISTRICT THEY RESIDE. EACH MEMBER HAS ONE VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | EXPLANATION: THE BOARD OF DIRECTORS HAS DELEGATED THE PREISSUANCE REVIEW OF FORM 990 TO MANAGEMENT. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EXPLANATION: THE CONFLICT OF INTEREST POLICY IS MONITORED ON AN ONGOING BASIS WITH MANAGEMENT AS WELL AS SPECIAL CONSIDERATIONS AT THE TIME OF HIRE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | EXPLANATION: THE COMPENSATION FOR THE CEO, CFO, AND TOP MANAGEMENT IS REVIEWED PERIODICALLY BY COMPARING TO INDUSTRY PEERS IN THE STATE AND REGION. |
| FORM 990, PAGE 6, PART VI, LINE 15B | EXPLANATION: THE COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED PERIODICALLY BY COMPARING TO INDUSTRY PEERS IN THE STATE AND REGION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | EXPLANATION: THE COOPERATIVE MAKES INFORMATION REGARDING ITS BYLAWS AND GOVERNANCE AVAILABLE UPON REQUEST. IN ADDITION, GOVERNANCE AND BYLAW INFORMATION IS MADE AVAILABLE TO THE MEMBERS AT THE MEMBERS ANNUAL MEETING. |
| FORM 990, PART XI, LINE 9 | RETIREMENT OF CAPITAL CREDITS -438,246 NET MARGINS ALLOCATED TO MEMBERS 1,485,455 TOTAL 1,047,209 |
Comments