WOODRUFF ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- WOODRUFF ELECTRIC COOPERATIVE CORPORATION (EIN 71-0195390)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-07-07
- IRS object ID
- 201511889349301061
- Schema version
- 2014v5.0
- Note
- A later return for the same period supersedes this one.
- 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 | 2015-07-07T14:22:04-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 710818324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS SPEIGHT & NOBLE CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 17167 | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 724036721 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710195390 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOODRUFF ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WOOD | BusinessNameControlTxt |
| Phone | 8706332262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1619 | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72335 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL L SWAN | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8706332262 | PhoneNum |
| Signature | 2015-06-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFF L WICKER CPA | PreparerPersonNm |
| PTIN | P00338877 | PTIN |
| Phone | 8709325858 | PhoneNum |
| Preparation | 2015-06-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL L SWAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3201 HIGHWAY 1 NORTH | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 723359578 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,986,280 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.WOODRUFFELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 85 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,504,410 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $46,375,839 | CYProgramServiceRevenueAmt |
| PY Investment Income | $521,892 | PYInvestmentIncomeAmt |
| CY Investment Income | $476,997 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,857 | PYOtherRevenueAmt |
| CY Other Revenue | -$41,501 | CYOtherRevenueAmt |
| PY Total Revenue | $46,040,159 | PYTotalRevenueAmt |
| CY Total Revenue | $46,811,335 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,465,700 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,582,093 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,487,693 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,518,049 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $37,086,766 | PYOtherExpensesAmt |
| CY Other Expenses | $38,711,193 | CYOtherExpensesAmt |
| PY Total Expenses | $46,040,159 | PYTotalExpensesAmt |
| CY Total Expenses | $46,811,335 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $157,988,319 | TotalAssetsBOYAmt |
| Total Assets EOY | $166,232,970 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $90,665,694 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $96,888,016 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $67,322,625 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,344,954 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $46,811,335 | ExpenseAmt |
| Desc | PROVIDE ELECTRICITY - RURAL AREAS | Desc |
| Total Program Service Expenses | $46,811,335 | TotalProgramServiceExpensesAmt |
| 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 | Yes (true) | 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 |
| 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 | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 85 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $45,238,251 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,762,542 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | 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 | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | Yes (true) | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOODRUFF ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8706332262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3201 HIGHWAY 1 NORTH | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72335 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JACK CAPERTON III | |||||||
| DIRECTOR | 35.33 | Yes (X) | $34,946 | $0 | $0 | ||
| W WAYNE BEADLES | |||||||
| DIRECTOR | 30.66 | Yes (X) | $32,145 | $0 | $0 | ||
| CHARLES C BURROW III | |||||||
| DIRECTOR | 24.33 | Yes (X) | $30,237 | $0 | $0 | ||
| JERRY BROWN | |||||||
| DIRECTOR | 19.66 | Yes (X) | $27,055 | $0 | $0 | ||
| JOE WHITTENTON III | |||||||
| DIRECTOR | 18.66 | Yes (X) | $25,093 | $0 | $0 | ||
| JIMMY N BICKERSTAFF | |||||||
| DIRECTOR | 13.66 | Yes (X) | $23,745 | $0 | $0 | ||
| JA WAMPLER | |||||||
| DIRECTOR | 29.42 | Yes (X) | $21,692 | $0 | $0 | ||
| AB THOMPSON JR | |||||||
| DIRECTOR | 25.25 | Yes (X) | $21,290 | $0 | $0 | ||
| J BYRON PONDER | |||||||
| DIRECTOR | 28.33 | Yes (X) | $16,597 | $0 | $0 | ||
| BILLY C MARTIN III | |||||||
| PRES/CEO | 40.00 | $219,562 | $0 | $101,846 | Yes (X) | ||
| MICHAEL L SWAN | |||||||
| VP OF CORPOR | 40.00 | $104,774 | $0 | $47,096 | Yes (X) | ||
| RONALD L COCKMON | |||||||
| VP OF OFFICE | 40.00 | $111,022 | $0 | $60,792 | Yes (X) | ||
| JIMMY R COOK | |||||||
| SYSTEM ENGIN | 40.00 | $107,510 | $0 | $48,298 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $775,668 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $258,032 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | 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 |
|---|---|---|---|---|---|
| PARIC CORPORATION | |||||
| PO BOX 790100 | ST LOUIS | MO | 63179 | PLANT CONSTRUCT | $11,899,326 |
| WEST TREE SERVICE | |||||
| PO BOX 55362 | LITTLE ROCK | AR | 72215 | R.O.W. MAINT. | $1,442,968 |
| ARKANSAS CONCRETE CO | |||||
| PO BOX 409 | FORREST CITY | AR | 72336 | NEW BUILDING | $956,586 |
| CHAIN ELECTRIC COMPANY INC | |||||
| PO BOX 2058 | HATTIESBURG | MS | 39403 | STORM CONTRACT. | $831,633 |
| MS TN TRANSFORMERS INC | |||||
| PO BOX 1764 | GREENWOOD | MS | 38935 | TRANSFORMER REP | $333,954 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| OPERATING REVENUES | $45,238,251 | $45,238,251 |
| G&T AND OTHER CAPITAL CREDITS | $1,137,588 | $1,137,588 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $46,375,839 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $476,997 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $476,997 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $133,444 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $174,945 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$41,501 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$41,501 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,811,335 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,811,335 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,582,093 | TotalAmt |
| Program Services | $2,582,093 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $557,136 | TotalAmt |
| Program Services | $557,136 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,960,913 | TotalAmt |
| Program Services | $4,960,913 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,501,255 | TotalAmt |
| Program Services | $30,501,255 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,161,808 | TotalAmt |
| Program Services | $4,161,808 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,048,130 | TotalAmt |
| Program Services | $4,048,130 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,811,335 | TotalAmt |
| Program Services | $46,811,335 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,125 | BOYAmt |
| EOY | $541,439 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,200,141 | BOYAmt |
| EOY | $8,907,297 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,215,837 | BOYAmt |
| EOY | $2,530,024 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,501,008 | BOYAmt |
| EOY | $1,432,311 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,389,612 | BOYAmt |
| EOY | $1,157,426 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $162,697,690 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,185,269 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,653,354 | BOYAmt |
| EOY | $132,512,421 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,756,136 | BOYAmt |
| EOY | $19,109,917 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,106 | BOYAmt |
| EOY | $42,135 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,988,319 | BOYAmt |
| EOY | $166,232,970 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,502,299 | BOYAmt |
| EOY | $2,280,648 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,707,396 | BOYAmt |
| EOY | $91,079,166 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,455,999 | BOYAmt |
| EOY | $3,528,202 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,665,694 | BOYAmt |
| EOY | $96,888,016 | 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 | $210,940 | BOYAmt |
| EOY | $207,985 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,377,974 | BOYAmt |
| EOY | $64,294,707 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,733,711 | BOYAmt |
| EOY | $4,842,262 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,322,625 | BOYAmt |
| EOY | $69,344,954 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,988,319 | BOYAmt |
| EOY | $166,232,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,022,329 | 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 | $1,274,926 | OtherCostOrOtherBasisAmt |
| Book Value | $1,274,926 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,811,121 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,032,161 | DepreciationAmt |
| Book Value | $15,778,960 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,712,377 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,172,357 | DepreciationAmt |
| Book Value | $4,540,020 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $132,899,266 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,980,751 | DepreciationAmt |
| Book Value | $110,918,515 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $132,512,421 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (17 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ARKANSAS ELECTRIC COOP CORP-PATR | $14,903,080 | C |
| ARKANSAS ELECTRIC COOP INC-PATR CAP | $1,529,491 | C |
| CFC - CTC | $1,494,112 | C |
| CFC - CAPITAL CREDIT CERTIFICATE | $548,980 | C |
| FEDERATED RURAL ELECTRIC INS CORP | $281,359 | C |
| SPECIAL FUNDS | $114,847 | C |
| AR RURAL ELECT SELF INS TRUST | $105,335 | C |
| COBANK - EQUITY PATRONAGE | $97,703 | C |
| ERMO PATRONAGE - AECI | $27,644 | C |
| FARMERS COOP OF LEE COUNTY - EQUITY | $3,900 | C |
| COBANK EQUITY INVESTMENT | $1,000 | C |
| CFC - MEMBERSHIP | $1,000 | C |
| NRTC - MEMBERSHIP | $1,000 | C |
| AUGUSTA IND. DEVELOPMENT CORP | $250 | C |
| AR STATE ELECT COOP-MEMBER FEE | $100 | C |
| AECI - MEMBERSHIP FEE | $100 | C |
| NRTC - PATRONAGE | $16 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $19,109,917 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $1,426,744 |
| ACCRUED PROPERTY TAX | $939,363 |
| PATRONAGE CAPITAL PAYABLE | $576,879 |
| ACCRUED STATE SALES TAX | $176,734 |
| ACCRUED INTEREST PAYABLE | $168,066 |
| EMPLOYEES VACATION | $163,463 |
| OTHER | $76,953 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,528,202 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $46,735,573 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$75,762 | OtherRevenueAmt |
| Revenue Not Reported | -$75,762 | RevenueNotReportedAmt |
| Revenue Subtotal | $46,811,335 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $46,811,335 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $44,229,242 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $44,229,242 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,582,093 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,582,093 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $46,811,335 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | CHANGE IN UNBILLED REVENUE -75,762 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | ALLOCATED CAPITAL CREDITS 2,582,093 |
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 (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| BILLY C MARTIN III | ||||
| PRES/CEO | $219,562 | $80,300 | $21,546 | $321,408 |
| MICHAEL L SWAN | ||||
| VP OF CORPORATE SVCS | $104,774 | $36,882 | $10,214 | $151,870 |
| RONALD L COCKMON | ||||
| VP OF OFFICE SERV | $111,022 | $40,743 | $20,049 | $171,814 |
| JIMMY R COOK | ||||
| SYSTEM ENGINEER | $107,510 | $38,033 | $10,265 | $155,808 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE DOCUMENTS OR BYLAWS REGARDING COMPENSATION OF OFFICERS AND GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 9 | BILLY C. MARTIN, III 267 SFC 308 FORREST CITY, AR 72335 |
| FORM 990, PAGE 6, PART VI, LINE 11B | INTERNAL REVIEW BY ACCOUNTING STAFF, PRESIDENT/CEO, AND GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE TO THE PUBLIC AT THEIR REQUEST. |
| FORM 990, PART IX, LINE 11G | COST OF POWER 23,830,481 0 0 TRANSMISSION-MAINTENANCE 23,196 0 0 DISTRIBUTION-OPERATION 4,467,254 0 0 DISTRIBUTION-MAINTENANCE 3,591,458 0 0 CUSTOMER ACCOUNTS EXPENSE 1,208,407 0 0 CUSTOMER SERVICES & INFO 266,334 0 0 ADMIN & GENERAL EXPENSE 2,623,983 0 0 TAXES 1,080 0 0 OTHER DEDUCTIONS 7,111 0 0 EMPLOYEE COMP REPORTED ABOVE -5,285,249 0 0 DIRECTOR COMP REPORTED ABOVE -232,800 0 0 |
| FORM 990, PART XI | RETIREMENT OF CAPITAL CREDITS, CHANGE IN MEMBERSHIPS, AND OTHER MISC. |
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