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TRI-COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
TRI-COUNTY ELECTRIC COOPERATIVE INC (EIN 59-0485704)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-13
IRS object ID
201513179349306106
Schema version
2014v5.0
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)
Return2015-11-13T13:22:30-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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
Phone8509732285PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12862 WEST US 90AddressLine1Txt
CityMADISONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP323410208ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIUS HACKETTPersonNm
Person TitleGENERAL MANAGERPersonTitleTxt
Phone8009992285PhoneNum
Signature2015-11-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARLAN L NICHOLSPreparerPersonNm
PTINP00634242PTIN
Phone4789293888PhoneNum
Preparation2015-11-05PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

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
ZIP323410208ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$40,938,055GrossReceiptsAmt
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 Employee71TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$37,608,134PYProgramServiceRevenueAmt
CY Program Service Revenue$40,805,899CYProgramServiceRevenueAmt
PY Investment Income$65,339PYInvestmentIncomeAmt
CY Investment Income$87,079CYInvestmentIncomeAmt
PY Other Revenue$5,016PYOtherRevenueAmt
CY Other Revenue$2,718CYOtherRevenueAmt
PY Total Revenue$37,678,489PYTotalRevenueAmt
CY Total Revenue$40,895,696CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$1,499,472PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$2,921,126CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$334,688PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$590,022CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$35,844,329PYOtherExpensesAmt
CY Other Expenses$37,384,548CYOtherExpensesAmt
PY Total Expenses$37,678,489PYTotalExpensesAmt
CY Total Expenses$40,895,696CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$80,470,753TotalAssetsBOYAmt
Total Assets EOY$82,546,631TotalAssetsEOYAmt
Total Liabilities BOY$50,215,171TotalLiabilitiesBOYAmt
Total Liabilities EOY$50,030,453TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$30,255,582NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$32,516,178NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$40,895,696ExpenseAmt
DescSALE OF ELECTRICITY TO COOPERATIVE MEMBERSDesc
Total Program Service Expenses$40,895,696TotalProgramServiceExpensesAmt
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 Document27IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee71EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Members And Shr Gross Income$39,909,001MembersAndShrGrossIncomeAmt
Other Sources Gross Income$986,695OtherSourcesGrossIncomeAmt
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 (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
CATHERINE BETHEA
TRUSTEE6.00Yes (X)$5,800$0$0
NEAL BROWN
TRUSTEE6.00Yes (X)$8,600$0$0
ELMER COKER
TRUSTEE6.00Yes (X)$7,800$0$0
BOBBY DODD
TRUSTEE1.00Yes (X)$7,400$0$0
ROBERT HARPER
TRUSTEE6.00Yes (X)$5,400$0$0
JUNIOR SMITH
TRUSTEE4.00Yes (X)$6,800$0$0
MALCOLM PAGE
PRESIDENT6.00Yes (X)$5,200$24,505$06.00Yes (X)
GARY FULFORD
VICE PRESIDENT6.00Yes (X)$6,000$9,606$08.00Yes (X)
ALBERT THOMAS JR
SECRETARY/TREASURER6.00Yes (X)$9,000$0$0Yes (X)
H JULIUS HACKETT
GENERAL MANAGER40.00$188,918$0$71,616Yes (X)
DARRELL TUTEN
MANAGER OF OPERATIONS40.00$119,938$0$19,189Yes (X)
GEORGE WEBB
MANAGER OF ADMINISTRATION40.00$101,901$0$26,460Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$472,757TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$34,111TotReportableCompRltdOrgAmt
Total Other Compensation$117,265TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
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$965,985
MUSGROVE CONSTRUCTION INC
8708 US 90LIVE OAKFL32060CONSTRUCTION CONTRACTOR$761,588
POWERTECH ENGINEERING LLC
602 N HIGH SCHOOL RD STE AINDIANAPOLISIN46214WORK ORDER INSPECTIONS/SPECIAL PROJECTS$128,510
OSMOSE M&T
P O BOX 8000BUFFALONY14267POLE INSPECTIONS$103,827
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
ELECTRICITY SALES221000$39,339,968$39,339,968
CAPITAL CREDITS221000$742,752$742,752
HOOK-UP & SERVICE CHG221000$569,033$569,033
POLE RENTAL221000$154,146$154,146
FieldValueIRS element (for citing)
Total Program Service Revenue$40,805,899TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$65,284TotalRevenueColumnAmt
Exclusion$65,284ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$64,154OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$42,359OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$21,795OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,795TotalRevenueColumnAmt
Related Or Exempt Func Income$21,795RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS NONPERATING INCOMEDesc
Business221000BusinessCd
Total Revenue Column$2,718TotalRevenueColumnAmt
Related Or Exempt Func Income$2,718RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,718OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$40,895,696TotalRevenueColumnAmt
Related Or Exempt Func Income$39,933,514RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$962,182ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$2,921,126TotalAmt
Program Services$2,921,126ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$590,022TotalAmt
Program Services$590,022ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,801,331TotalAmt
Program Services$1,801,331ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,659,953TotalAmt
Program Services$2,659,953ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
COST OF POWER$24,425,563$24,425,563
OPERATIONS & MAINTENANC$5,391,482$5,391,482
GENERAL & ADMINISTRATIV$1,607,420$1,607,420
CONSUMER ACCOUNTS$1,498,799$1,498,799

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$40,895,696TotalAmt
Program Services$40,895,696ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,620,111BOYAmt
EOY$1,772,296EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$2,000,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,178,610BOYAmt
EOY$2,969,893EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$596,092BOYAmt
EOY$477,289EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$152,987BOYAmt
EOY$255,007EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$89,580,920LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,801,088LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$64,233,350BOYAmt
EOY$64,779,832EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$6,364,504BOYAmt
EOY$6,915,448EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,325,099BOYAmt
EOY$3,376,866EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$80,470,753BOYAmt
EOY$82,546,631EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,876,925BOYAmt
EOY$3,679,776EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$45,197,774BOYAmt
EOY$45,178,350EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,140,472BOYAmt
EOY$1,172,327EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$50,215,171BOYAmt
EOY$50,030,453EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$63,445BOYAmt
EOY$63,660EOYAmt

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$30,192,137BOYAmt
EOY$32,452,518EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,255,582BOYAmt
EOY$32,516,178EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$80,470,753BOYAmt
EOY$82,546,631EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$2,260,596OtherChangesInNetAssetsAmt
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$89,580,920OtherCostOrOtherBasisAmt
Depreciation$24,801,088DepreciationAmt
Book Value$64,779,832BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$64,779,832TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PATRONAGE CAPITAL - SEMINOLE ELETRIC$4,825,055C
PATRONAGE CAPITAL - NRUCFC$1,151,265C
PATRONAGE CAPITAL - GRESCO$304,303C
PATRONAGE CAPITAL - FEDERATED$258,224C
PATRONAGE CAPITAL - COBANK$206,142C
PATRONAGE CAPITAL - SEDC$140,756C
OTHER INVESTMENTS IN ASSOC. ORG.$29,703C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$6,915,448TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CONSUMER DEPOSITS$1,142,551
CONSUMER ADVANCES FOR CONSTRUCTION$29,776
FieldValueIRS element (for citing)
Total Liability$1,172,327TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$40,895,696TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$40,895,696RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$40,895,696TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$37,974,570TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$37,974,570ExpensesSubtotalAmt
Other Expenses Not Included$2,921,126OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2,921,126ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$40,895,696TotalExpensesPerForm990Amt

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
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 2014 MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2014, THE AMOUNT INCLUDED ON THE 2014 FORM 990 IS GENERATED USING 2014 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$187,565BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$1,353OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$52,852DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$18,764NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$260,534TotalCompensationFilingOrgAmt
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 11THE 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 -994,439. INCREASE IN MEMBERSHIPS 215. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 333,694. BENEFITS PAID TO OR FOR MEMBERS 2,921,126.
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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