KIT CARSON ELECTRIC COOPERATIVE INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
KIT CARSON ELECTRIC COOPERATIVE INC (EIN 85-0081882)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-14
IRS object ID
201423189349306442
Schema version
2013v3.0
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)
Return2014-11-14T14:28:10-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450250958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EIDE BAILLY LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11850 N CENTRAL AVE SUITE 400AddressLine1
CityPHOENIXCity
StateAZState
ZIP Code850044527ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN850081882EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ELECTRIC COOPERATIVE INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlKITCBusinessNameControlTxt
Phone5757582258PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 578AddressLine1
CityTAOSCity
StateNMState
ZIP Code87571ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLUIS A REYES JRPersonNm
Person TitleCEO/GENERAL MANAGERPersonTitleTxt
Phone5757582258PhoneNum
Signature2014-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSHUA HAYESPreparerPersonNm
PTINP00056669PTIN
Phone6022645844PhoneNum
Preparation2014-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLUIS A REYES JRPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 578AddressLine1
CityTAOSCity
StateNMState
ZIP Code87571ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$42,281,729GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.KITCARSON.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1944FormationYr
Legal Domicile StateNMLegalDomicileStateCd
Activity Or MissionTO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee141TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$422,275TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$92,990NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$40,464,089PYProgramServiceRevenueAmt
CY Program Service Revenue$41,955,912CYProgramServiceRevenueAmt
PY Investment Income$103,492PYInvestmentIncomeAmt
CY Investment Income$8,241CYInvestmentIncomeAmt
PY Other Revenue$296,182PYOtherRevenueAmt
CY Other Revenue$317,576CYOtherRevenueAmt
PY Total Revenue$40,863,763PYTotalRevenueAmt
CY Total Revenue$42,281,729CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$1,445,189PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,505,364CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,773,147PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,431,337CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$33,645,427PYOtherExpensesAmt
CY Other Expenses$34,345,018CYOtherExpensesAmt
PY Total Expenses$40,863,763PYTotalExpensesAmt
CY Total Expenses$42,281,719CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$10CYRevenuesLessExpensesAmt
Total Assets BOY$137,943,750TotalAssetsBOYAmt
Total Assets EOY$136,729,247TotalAssetsEOYAmt
Total Liabilities BOY$97,158,483TotalLiabilitiesBOYAmt
Total Liabilities EOY$94,550,186TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$40,785,267NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$42,179,061NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 28,291 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVIDING INTERNET SERVICE TO OUR MEMBERS - 1,444 ACTIVE SERVICES AT YEAR END WERE PROVIDED INTERNET SERVICE ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document76IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee141EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Members And Shr Gross Income$39,102,651MembersAndShrGrossIncomeAmt
Other Sources Gross Income$1,321,867OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or MisuseYes (1)MaterialDiversionOrMisuseInd
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 Committees0MinutesOfCommitteesInd
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 Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LUIS A REYES JRBusinessNameLine1
FieldValueIRS element (for citing)
Phone5757582258PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1118 CRUZ ALTA ROADAddressLine1
CityTAOSCity
StateNMState
ZIP Code875710578ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ROBERT ORTEGA SR
PRESIDENT7.80Yes (X)Yes (X)$12,600$0$0
MANUEL MEDINA
VICE PRESIDENT9.30Yes (X)Yes (X)$8,925$0$0
CHRISTOBAL DURAN
SECRETARY14.60Yes (X)Yes (X)$0$0$0
BRUCE JASSMAN
TREASURER6.90Yes (X)Yes (X)$10,875$0$0
VIRGIL MARTINEZ
TRUSTEE4.50Yes (X)$4,500$0$0
DAVID TORRES
TRUSTEE5.30Yes (X)$9,300$0$0
AMBROSE MASCARENAS
TRUSTEE8.70Yes (X)$8,550$0$0
LUISA VALERIO MYLET
TRUSTEE2.70Yes (X)$5,550$0$0
ARTHUR RODARTE
TRUSTEE5.60Yes (X)$7,050$0$0
JERRY SMITH
TRUSTEE7.70Yes (X)$11,625$0$0
PETER ADANG
TRUSTEE3.90Yes (X)$0$0$0
LUIS A REYES JR
CEO/GENERAL MANAGER70.00Yes (X)$199,958$0$40,589
RICHARD MARTINEZ
COO50.00Yes (X)$88,887$0$28,879
FieldValueIRS element (for citing)
Total Reportable Comp From Org$367,820TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$69,468TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
TCS COMMUNICATIONS
PO BOX 864028ORLANDOFL32886BROADBAND CONSTRUCTION$11,970,748
ATLANTIC ENGINEERING
PO BOX 790BRASELTONGA30517BROADBAND CONSTRUCTION$2,894,564
PULSE BROADBAND
18044 SHEPARD VALLEY RDWILWOODMO63038BROADBAND ENGINEERING$761,830
TABES INC
925 PASEO DEL PUEBLO SURTAOSNM87571LINE CONSTRUCTION$725,874
POWERLINE INC
583 US HYW 70CLOVISNM88101LINE CONSTRUCTION$711,038
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K14CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
SALE OF POWER221000$39,102,651$39,102,651
CAPITAL CREDITS221000$1,856,825$1,856,825
INTERNET REVENUE519100$701,394$472,842$228,552
OTHER OPERATING REVENUE221000$295,042$295,042
FieldValueIRS element (for citing)
Total Program Service Revenue$41,955,912TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,855TotalRevenueColumnAmt
Unrelated Business Revenue$2,406UnrelatedBusinessRevenueAmt
Exclusion$5,449ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$110,430RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$110,430RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$110,430TotalRevenueColumnAmt
Exclusion$110,430ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$386OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$386OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$386TotalRevenueColumnAmt
Exclusion$386ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MANAGEMENT FEE900099$120,000$120,000
CALL CENTER REVENUE518210$87,146$71,317$15,829
FieldValueIRS element (for citing)
Other Revenue Total$207,146OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,281,729TotalRevenueColumnAmt
Related Or Exempt Func Income$41,743,189RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$422,275UnrelatedBusinessRevenueAmt
Exclusion$116,265ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,505,364TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$437,287TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,857,294TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$748,588TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$388,168TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,108,195TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,655,560TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF POWER$22,150,924
ADMIN & GENERAL$2,916,371
DISTRIBUTION-OPERATIONS$2,666,313
DISTRIBUTION-MAINTENANC$1,842,810

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$1,995,155TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$42,281,719TotalAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,107,659BOYAmt
EOY$4,733,563EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,187,613BOYAmt
EOY$8,054,756EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,516,341BOYAmt
EOY$1,416,465EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,505,811BOYAmt
EOY$6,448,132EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$136,723,775LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$42,208,057LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$91,463,451BOYAmt
EOY$94,515,718EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY-$328,345BOYAmt
EOY-$389,313EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$10,694,896BOYAmt
EOY$12,229,238EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,796,324BOYAmt
EOY$9,720,688EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$137,943,750BOYAmt
EOY$136,729,247EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,647,497BOYAmt
EOY$3,916,002EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$29,492BOYAmt
EOY$23,426EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$91,708,838BOYAmt
EOY$86,107,911EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$3,573,887EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$772,656BOYAmt
EOY$928,960EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$97,158,483BOYAmt
EOY$94,550,186EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

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

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$40,785,267BOYAmt
EOY$42,179,061EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,785,267BOYAmt
EOY$42,179,061EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$137,943,750BOYAmt
EOY$136,729,247EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$10ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,393,784OtherChangesInNetAssetsAmt
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)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$988,207OtherCostOrOtherBasisAmt
Book Value$988,207BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,484,591OtherCostOrOtherBasisAmt
Book Value$10,484,591BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$123,219,936OtherCostOrOtherBasisAmt
Depreciation$42,208,057DepreciationAmt
Book Value$81,011,879BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,031,041OtherCostOrOtherBasisAmt
Book Value$2,031,041BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$94,515,718TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
CFC$63,071C
COBANK$752,483C
FEDERATED RURAL ELECTRIC INSURANCE CORPORATION$178,910C
NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE$754,990C
SOUTHEASTERN DATA COOPERATIVE$179,918C
TRI-STATE GENERATION & TRANSMISSION$10,294,686C
MEMBERSHIP AND OTHER$5,180C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$12,229,238TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescNON-UTILITY PROPERTY, NETDesc
Book Value$9,720,688BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$9,720,688TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CUSTOMER DEPOSITS$338,201
FUEL COST ADJUSTMENT$211,750
DEFERRED CREDITS$379,009
FieldValueIRS element (for citing)
Total Liability$928,960TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:OPERATION ROUND UP PROGRAM PROVIDES MEMBERS WITH THE ABILITY TO DONATE MONEY THROUGH THE COOPERATIVE TO HELP NEEDY MEMBERS PAY THEIR ELECTRIC BILLS. THE ACCOUNT IS LISTED ON THE BALANCE SHEET AS A LIABILITY.
PART X, LINE 2:THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. GENERALLY, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
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)
PersonLUIS A REYES JRPersonNm
TitleCEO/GENERAL MANAGERTitleTxt
Base Compensation Filing Org$199,958BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$24,561DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$16,028NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$240,547TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
TRI-STATE G&T ASSOCIATION INC
ARTHUR RODARTE IS A BOARD MEMBER OF BOTH THE ORGANIZATION AND TRI-STATE.$22,150,924THE COOPERATIVE PURCHASES ITS ELECTRICITY FROM TRI-STATE GENERATION & TRANSMISSION ASSOCIATION, INC. ARTHUR RODARTE IS A BOARD MEMBER OF TRI-STATE GENERATION & TRANSMISSION ASSOCIATION, INC.0
NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE
LUIS REYES, JR., CEO OF THE ORGANIZATION, IS A BOARD MEMBER OF NRTC.$179,427THE COOPERATIVE PURCHASES METERS AND INTERNET SERVICE FROM NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE (NRTC). LUIS REYES, JR. IS A BOARD MEMBER OF NRTC.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 5AN ARMED ROBBERY OCCURRED ON APRIL 10, 2013. THE AMOUNT OF MONEY TAKEN WAS $228,338, INCLUDING CASH TOTALLING $111,563 AND CHECKS TOTALLING $116,775.
FORM 990, PART VI, SECTION A, LINE 6THERE IS ONE CLASS OF MEMBERS. A MEMBER MAY HAVE MULTIPLE ACCOUNTS BUT ONLY ONE MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS OF THE COOPERATIVE VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. EACH MEMBER HAS ONE VOTE.
FORM 990, PART VI, SECTION A, LINE 7BTHE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE ASSETS; 4. BY-LAW CHANGES; AND 5. EXPULSION OF MEMBERS.
FORM 990, PART VI, SECTION A, LINE 8BCOMMITTEES DO NOT HAVE BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11MANAGEMENT PRESENTS A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION B, LINE 15ATHE BOARD AND THE GENERAL MANAGER USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES THAT MEET THE DEFINITION OF OFFICER AND KEY EMPLOYEE, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT NEW MEXICO AND THE NATION. PERFORMANCE EVALUATIONS ARE ALSO CONDUCTED FOR DETERMINING OTHER EMPLOYEES' COMPENSATION PACKAGES. THE COMPENSATION PROCEDURE FOR THE GENERAL MANAGER'S COMPENSATION INCLUDES AN EMPLOYEE RELATIONS COMMITTEE AND BOARD OF DIRECTORS REVIEW AND APPROVAL. THE PROCESS WAS UNDERTAKEN IN 2013.
FORM 990, PART VI, SECTION C, LINE 19THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY.
FORM 990, PART XI, LINE 9:PATRONAGE CAPITAL RETIREMENTS -160,087. OTHER CHANGE IN EQUITY 48,508. ALLOCATION OF 2013 MARGINS IN 2014 1,505,363.
FORM 990, PART XII, LINE 2CTHE ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ELECTRIC EDUCATION FOUNDATIONBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 578AddressLine1
CityTAOSCity
StateNMState
ZIP Code87571ZIPCode
FieldValueIRS element (for citing)
EIN311578049EIN
Primary ActivitiesCHARITABLEPrimaryActivitiesTxt
Legal Domicile StateNMLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ELECTRIC COOPERATIVE INCBusinessNameLine1
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ENERGY INCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 578AddressLine1
CityTAOSCity
StateNMState
ZIP Code87571ZIPCode
FieldValueIRS element (for citing)
EIN271603074EIN
Primary ActivitiesPROPANE SALESPrimaryActivitiesTxt
Legal Domicile StateNMLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ELECTRIC COOPERATIVE INCBusinessNameLine1
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$1,423,541ShareOfTotalIncomeAmt
Share Of EOY Assets$2,900,777ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1KIT CARSON ENERGY INCBusinessNameLine1
FieldValueIRS element (for citing)
Transaction TypeATransactionTypeTxt
Involved$2,406InvolvedAmt
Method Of Amount DeterminationFAIR VALUEMethodOfAmountDeterminationTxt

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