MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION (EIN 62-0293472)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-28
- IRS object ID
- 201310289349300751
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2013-01-28T10:25:12-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620808829 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINNETT ASSOCIATES PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 745 | AddressLine1 |
| City | SHELBYVILLE | City |
| State | TN | State |
| ZIP Code | 37162 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620293472 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDD | NameControl |
| Phone | 6154941551 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 NEW SALEM ROAD | AddressLine1 |
| City | MURFREESBORO | City |
| State | TN | State |
| ZIP Code | 37129 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANK JENNINGS | Name |
| Title | PRESIDENT | Title |
| Phone | 6154941551 | Phone |
| Date Signed | 2013-01-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK R LILE | Name |
| PTIN | P01067422 | PTIN |
| Phone | 9316847142 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | FRANK JENNINGS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 NEW SALEM ROAD | AddressLine1 |
| City | MURFREESBORO | City |
| State | TN | State |
| ZIP Code | 37129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 511467151 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MTEMC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | RURAL ELECTRICITY DISTRIBUTION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 396 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 521471099 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 506772552 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 565424 | InvestmentIncomePriorYear |
| Investment Income Current Year | 453040 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1159211 | OtherRevenuePriorYear |
| Other Revenue Current Year | 982914 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 523195734 | TotalRevenuePriorYear |
| Total Revenue Current Year | 508208506 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 28190077 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 28280175 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 463622447 | OtherExpensePriorYear |
| Other Expenses Current Year | 460544281 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 491812524 | TotalExpensesPriorYear |
| Total Expenses Current Year | 488824456 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 31383210 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 19384050 | RevenuesLessExpensesCY |
| Total Assets BOY | 465771144 | TotalAssetsBOY |
| Total Assets EOY | 489359590 | TotalAssetsEOY |
| Total Liabilities BOY | 149505424 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 160839820 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 316265720 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 328519770 | NetAssetsOrFundBalancesEOY |
| Mission Description | NONE | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | RURAL ELECTRICITY DISTRIBUTION TO APPROXIMATELY 191,000 MEMBERS LOCATED IN RUTHERFORD, WILSON, CANNON, MAURY, SMITH, TROUSDALE, DEKALB, AND WILLIAMSON COUNTIES IN MIDDLE TENNESSEE. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 106 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 396 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 506772554 | GrossIncomeFromMembers |
| Gross Income Other Sources | 978097 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERNIE STEEN JR VP OF FINANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6154941551 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 NEW SALEM ROAD | AddressLine1 |
| City | MURFREESBORO | City |
| State | TN | State |
| ZIP Code | 37129 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| GORDON BONE | ||||||||
| BOARD CHAIRMAN | 5.70 | X | X | 15347 | 0 | 0 | ||
| CHARLES BOWMAN | ||||||||
| DIRECTOR | 3.70 | X | 12662 | 0 | 0 | |||
| JAMES E MILLS | ||||||||
| DIRECTOR | 6.50 | X | 12084 | 0 | 0 | |||
| RICHARD D SMITH | ||||||||
| DIRECTOR | 7.10 | X | 14477 | 0 | 0 | |||
| GLORIA O' STEEN | ||||||||
| DIRECTOR | 20.00 | X | 14229 | 0 | 0 | |||
| LUTHER LENNING | ||||||||
| DIRECTOR | 5.00 | X | 12214 | 0 | 0 | |||
| MIKE WOODS | ||||||||
| BOARD SECRETARY/TREASURER | 5.70 | X | X | 15077 | 0 | 0 | ||
| BILL GIDDENS | ||||||||
| DIRECTOR | 3.00 | X | 12299 | 0 | 0 | |||
| DAVID LEE | ||||||||
| DIRECTOR | 5.50 | X | 13982 | 0 | 0 | |||
| STEVE SEGER | ||||||||
| DIRECTOR | 6.00 | X | 12909 | 0 | 0 | |||
| WILL JORDAN | ||||||||
| BOARD VICE-CHAIRMAN | 8.50 | X | X | 14582 | 0 | 0 | ||
| C FRANK JENNINGS | ||||||||
| PRESIDENT | 61.00 | X | 299211 | 0 | 110830 | |||
| BERNIE STEEN | ||||||||
| VP-FINANCE | 46.00 | X | 163904 | 0 | 65795 | |||
| TOM SUGGS | ||||||||
| VP-ENGINEERING | 46.00 | 157867 | 0 | 81181 | X | |||
| SHANNON KAPRIVE | ||||||||
| VP-HUMAN RESOURCES/CORPORA | 50.00 | 162285 | 0 | 68414 | X | |||
| JOHN FLORIDA | ||||||||
| VP-INFORMATION SERVICES | 50.00 | 155739 | 0 | 50031 | X | |||
| CHRIS JONES | ||||||||
| VP-COMMUNICATIONS/MEMBER S | 50.00 | 131036 | 0 | 36002 | X | |||
| JEFF GILL | ||||||||
| VP-OPERATIONS | 40.00 | 146740 | 0 | 56116 | X | |||
| RON WASHINGTON | ||||||||
| DISTRICT MANAGER | 40.00 | 126597 | 0 | 84950 | X | |||
| KEN THRONEBERRY | ||||||||
| DISTRICT MANAGER | 42.00 | 148219 | 0 | 63440 | X | |||
| DANE APPALSAMMY | ||||||||
| IT APPLICATIONS SUPERVISOR | 40.00 | 122875 | 0 | 22519 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1764335 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 639278 | TotalOtherCompensation |
| Number Individuals GT100 K | 27 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DELOITTE CONSULTING LLP | |||||
| PO BOX 7247-6447 | PHILADELPHIA | PA | 191706447 | SOFTWARE CONSULTING | 902873 |
| COPE HUDSON SCARLETT REED & MCC | |||||
| 16 PUBLIC SQUARE NORTH | MURFREESBORO | TN | 37130 | LEGAL | 361206 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ELECTRIC REVENUES | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 506772552 | TotalRevenueColumn |
| Related Or Exempt Function Income | 506772552 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 506772552 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 331931 | TotalRevenueColumn |
| Exclusion | $331,931 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3715962 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3250960 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 465002 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 465002 | TotalRevenueColumn |
| Exclusion | $465,002 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 128794 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7685 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 121109 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 121109 | TotalRevenueColumn |
| Exclusion | $121,109 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PATRONAGE CAPITAL | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 517912 | TotalRevenueColumn |
| Related Or Exempt Function Income | 517912 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 517912 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 508208506 | TotalRevenueColumn |
| Related Or Exempt Function Income | 507290464 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $918,042 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1398541 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16407726 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4560004 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4589817 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1324087 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 404196 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46000 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2412435 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4942218 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2925209 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17453852 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF ELECTRICITY SOL | 412771251 |
| LINE MAINTENANCE EXPENS | 8899060 |
| CUSTOMER ACCOUNTS EXPEN | 6125082 |
| LINE OPERATING EXPENSE | 3022616 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1542362 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488824456 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3532804 | BOY |
| EOY | 57375113 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30490431 | BOY |
| EOY | 1336092 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35610595 | BOY |
| EOY | 33380732 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7205412 | BOY |
| EOY | 6706292 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3988214 | BOY |
| EOY | 4050648 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5299169 | BOY |
| EOY | 5250269 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 532278683 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 181137185 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 350777397 | BOY |
| EOY | 351141498 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5145238 | BOY |
| EOY | 5315958 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23721884 | BOY |
| EOY | 24802988 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 465771144 | BOY |
| EOY | 489359590 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46102862 | BOY |
| EOY | 52039280 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61044619 | BOY |
| EOY | 56711151 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42357943 | BOY |
| EOY | 52089389 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149505424 | BOY |
| EOY | 160839820 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 316265720 | BOY |
| EOY | 328519770 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 316265720 | BOY |
| EOY | 328519770 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 465771144 | BOY |
| EOY | 489359590 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 19384050 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -7130000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6107057 | OtherCostOrOtherBasis |
| Book Value | 6107057 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22607743 | OtherCostOrOtherBasis |
| Depreciation | 4963143 | Depreciation |
| Book Value | 17644600 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 134475696 | OtherCostOrOtherBasis |
| Depreciation | 70327729 | Depreciation |
| Book Value | 64147967 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 369088187 | OtherCostOrOtherBasis |
| Depreciation | 105846313 | Depreciation |
| Book Value | 263241874 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 351141498 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INTEREST RECEIVABLE | 30000 |
| POLE RENTS RECEIVABLE | 1359360 |
| ACCRUED UTILITY REVENUE | 23413628 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 24802988 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (8 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCES FROM TVA CONS. LOANS | $6,094,855 |
| CUSTOMER DEPOSITS | $10,541,402 |
| ACCRUED LIABILITIES - POLE RENTALS | $201,600 |
| ACCRUED LEAVE - VACATION | $3,145,943 |
| SALES TAX COLLECTIONS PAYABLE | $863,944 |
| CAPITAL LEASE | $284,664 |
| ACCRUED POST RETIREMENT BENEFITS OTHER THAN PENSIONS | $30,824,650 |
| PAYABLE FOR PLANT PURCHASES | $132,331 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 52089389 | TotalOfAmounts |
| Total Revenue | 508208506 | TotalRevenue |
| Total Expenses | 488824456 | TotalExpenses |
| Excess Or Deficit For Year | 19384050 | ExcessOrDeficitForYear |
| Other | -$7,130,000 | OtherAmount |
| Total Adjustments | -7130000 | TotalAdjustments |
| Excess Or Deficit Per FS | 12254050 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 511459466 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 511459466 | RevenueSubtotal |
| Other Revenues Not Included | -3250960 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -3250960 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 508208506 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 492075416 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 3250960 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 3250960 | ExpensesNotRptdF990 |
| Expenses Subtotal | 488824456 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 488824456 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | AMORTIZATION OF ACTUARIAL LOSS-POSTRETIREMENT BENEFIT OBLIGATION 217,200. ACTUARIAL LOSS-POSTRETIREMENT BENEFIT OBLIGATION -7,347,200. TOTAL TO SCHEDULE D, PART XI, LINE 8: -7,130,000. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES IN PART VIII LINE 6B -3,250,960. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES IN PART VIII LINE 6B 3,250,960. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C FRANK JENNINGS | |||||||||||||
| 276707 | 0 | 0 | 0 | 22504 | 0 | 100336 | 0 | 10494 | 0 | 410041 | 0 | 0 | 0 |
| BERNIE STEEN | |||||||||||||
| 156867 | 0 | 0 | 0 | 7037 | 0 | 55301 | 0 | 10494 | 0 | 229699 | 0 | 0 | 0 |
| TOM SUGGS | |||||||||||||
| 150239 | 0 | 0 | 0 | 7628 | 0 | 70687 | 0 | 10494 | 0 | 239048 | 0 | 0 | 0 |
| SHANNON KAPRIVE | |||||||||||||
| 150300 | 0 | 0 | 0 | 11985 | 0 | 57920 | 0 | 10494 | 0 | 230699 | 0 | 0 | 0 |
| JOHN FLORIDA | |||||||||||||
| 142617 | 0 | 0 | 0 | 13122 | 0 | 39537 | 0 | 10494 | 0 | 205770 | 0 | 0 | 0 |
| CHRIS JONES | |||||||||||||
| 125040 | 0 | 0 | 0 | 5996 | 0 | 25508 | 0 | 10494 | 0 | 167038 | 0 | 0 | 0 |
| JEFF GILL | |||||||||||||
| 141285 | 0 | 0 | 0 | 5455 | 0 | 45622 | 0 | 10494 | 0 | 202856 | 0 | 0 | 0 |
| RON WASHINGTON | |||||||||||||
| 121522 | 0 | 0 | 0 | 5075 | 0 | 74456 | 0 | 10494 | 0 | 211547 | 0 | 0 | 0 |
| KEN THRONEBERRY | |||||||||||||
| 134166 | 0 | 0 | 0 | 14053 | 0 | 52946 | 0 | 10494 | 0 | 211659 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS (THE GOVERNING BODY OF MTEMC). | |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE IS ONLY ONE CLASS OF MEMBERS AND ALL MEMBERS MAY VOTE TO FILL VACANCIES ON THE BOARD OF DIRECTORS. DIRECTORS MUST BE MEMBERS AND ARE ELECTED BASED ON GEOGRAPHICAL LOCATIONS AS STATED IN THE BYLAWS. DIRECTORS SERVE THREE YEAR TERMS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BYLAWS MAY BE ALTERED, AMENDED OR REPEALED BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | BOTH THE CONTROLLER AND VP OF FINANCE REVIEW FORM 990. THE VP OF FINANCE REVIEWS WITH PRESIDENT AND FINANCE COMMITTEE OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MTEMC HAS SEVERAL POLICIES THAT ADDRESS CONFLICTS OF INTEREST. THESE POLICIES APPLY TO DIRECTORS AND EMPLOYEES AND ARE RENEWED ON AN ANNUAL BASIS. EMPLOYEES ARE TO REPORT CONFLICTS OF INTEREST TO THEIR SUPERVISORS. WHEN FAMILY MEMBERS OF DIRECTORS OR EMPLOYEES SEEK TO DO BUSINESS WITH MTEMC SEALED BIDS ARE REQUIRED. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR RESOLVING ANY DISPUTES CONCERNING CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF THE PRESIDENT IS DETERMINED BY ANNUAL REVIEW MADE BY THE PERFORMANCE AND APPRAISAL COMMITTEE. THE COMMITTEE'S RECOMMENDATION IS GIVEN TO THE FULL BOARD FOR APPROVAL. THE EVALUATION INCLUDES SALARY COMPARIBILITY DATA. BOARD APPROVAL IS DOCUMENTED IN THE MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE'S BYLAWS AND RULES AND REGULATIONS ARE MADE AVAILABLE ON OUR WEBSITE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY(S), AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS UPON REQUEST. SUMMARIZED FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE. | |
| FORM 990, PART XI, LINE 5: | AMORTIZATION OF ACTUARIAL LOSS-POSTRETIREMENT BENEFIT OBLIGATION 217,200. ACTUARIAL LOSS-POSTRETIREMENT BENEFIT OBLIGATION -7,347,200. TOTAL TO FORM 990, PART XI, LINE 5: -7,130,000. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART VII, SECTION A, COLUMN B | THE FOLLOWING IS A LIST OF THE ESTIMATED AVERAGE HOURS PER WEEK DEVOTED TO MIDDLE TENNESSEE ELECTRIC CUSTOMERS CARE, INC., A RELATED ORGANIZATION: FRANK JENNINGS 1 HR/WEEK BERNIE STEEN 1 HR/WEEK CHRIS JONES .5 HR/WEEK |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLE TENNESSEE ELECTRIC CUSTOMERS CARE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 NEW SALEM ROAD | AddressLine1 |
| City | MURFREESBORO | City |
| State | TN | State |
| ZIP Code | 37129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 431958410 | EIN |
| Primary Activities | ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES. | PrimaryActivities |
| Legal Domicile State | TN | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLE TENNESSEE ELECTRIC CUSTOMERS CARE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | 845585 | AmountInvolved |
| Method Of Amt Determination | VALUE OF CASH TRANSFERRED | MethodOfAmtDetermination |
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