PRESQUE ISLE ELECTRIC & GAS CO-OP: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PRESQUE ISLE ELECTRIC & GAS CO-OP (EIN 38-0941545)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-23
- IRS object ID
- 201312049349300711
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-23T09:46:50-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HARRIS GROUP CPA'S | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 731 S GARFIELD AVE | AddressLine1 |
| City | TRAVERSE CITY | City |
| State | MI | State |
| ZIP Code | 49686 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 380941545 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESQUE ISLE ELECTRIC & GAS CO-OP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 9897338515 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19831 M-68 HWY | AddressLine1 |
| City | ONAWAY | City |
| State | MI | State |
| ZIP Code | 49765 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TOM SOBECK | Name |
| Title | CFO | Title |
| Phone | 9897338515 | Phone |
| Date Signed | 2013-07-18 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONALD G HARRIS CPA | Name |
| Phone | 2319468930 | Phone |
| Date Prepared | 2013-07-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BRIAN BURNS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19831 M-68 HWY | AddressLine1 |
| City | ONAWAY | City |
| State | MI | State |
| ZIP Code | 49765 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 43666695 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PIEG.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE ENERGY AND OTHER SERVICES TO SUSTAIN AND IMPROVE THE QUAILTY OF LIFE FOR OUR MEMBERS THROUGH THE USE OF A COOPERATIVE BUSINESS STRUCTURE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 91 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 40120702 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 41430028 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1554374 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1967202 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 198100 | OtherRevenuePriorYear |
| Other Revenue Current Year | 213896 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 41873176 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43611126 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 693850 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 836173 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2835076 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3092429 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 36959901 | OtherExpensePriorYear |
| Other Expenses Current Year | 38663680 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40488827 | TotalExpensesPriorYear |
| Total Expenses Current Year | 42592282 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1384349 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1018844 | RevenuesLessExpensesCY |
| Total Assets BOY | 104756938 | TotalAssetsBOY |
| Total Assets EOY | 108195122 | TotalAssetsEOY |
| Total Liabilities BOY | 66886920 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 69556421 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 37870018 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 38638701 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE ENERGY AND OTHER SERVICES TO SUSTAIN AND IMPROVE THE QUAILTY OF LIFE FOR OUR MEMBERS THROUGH THE USE OF A COOPERATIVE BUSINESS STRUCTURE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | REVENUES FROM ELECTRIC POWER PROVIDED TO 33,190 CUSTOMERS AND FROM GAS SERVICES TO 8,670 CUSTOMERS. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 49 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 91 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Gross Income From Members | 41845833 | GrossIncomeFromMembers |
| Gross Income Other Sources | 990570 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESQUE ISLE ELECTRIC AND GAS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9897338515 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19831 M-68 HWY | AddressLine1 |
| City | ONAWAY | City |
| State | MI | State |
| ZIP Code | 49765 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| RAYMOND WOZNIAK | |||||||
| DIRECTOR | 7.00 | X | 12600 | 0 | 10 | ||
| DAVID SMITH | |||||||
| SECRETARY | 4.50 | X | 11225 | 0 | 16 | X | |
| BERNICE KRAJNIAK | |||||||
| DIRECTOR | 3.00 | X | 11200 | 0 | 6 | ||
| DARYL PETERSON | |||||||
| TREASURER | 10.00 | X | 11125 | 0 | 16 | X | |
| JOHN BROWN | |||||||
| CHAIRPERSON | 10.00 | X | 10875 | 0 | 16 | X | |
| SALLY KNOPF | |||||||
| DIRECTOR | 4.00 | X | 10300 | 0 | 16 | ||
| ALLAN BERG | |||||||
| DIRECTOR | 5.00 | X | 10200 | 0 | 16 | ||
| ALLEN BARR | |||||||
| VICE-CHAIRPE | 10.00 | X | 9875 | 0 | 16 | X | |
| ROBERT WEGMEYER | |||||||
| DIRECTOR | 2.00 | X | 5450 | 0 | 5 | ||
| BRIAN BURNS | |||||||
| CEO | 50.00 | 145327 | 0 | 54105 | X | ||
| SHAWN WALKER | |||||||
| LINEWORKER | 61.00 | 109766 | 0 | 23738 | X | ||
| RANDY MCLEAN | |||||||
| FOREMAN | 57.00 | 107142 | 0 | 13080 | X | ||
| DEAN ESTEP | |||||||
| LINEWORKER | 56.00 | 104128 | 0 | 23781 | X | ||
| KEN BUTLER | |||||||
| LINEWORKER | 58.00 | 103879 | 0 | 23671 | X | ||
| RANDY KREFT | |||||||
| FOREMAN | 56.00 | 103494 | 0 | 24122 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 766586 | TotalReportableCompFromOrg |
| Total Other Compensation | 162614 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HYDE'S INC | |||||
| PO BOX 493 | ONAWAY | MI | 49765 | RIGHT OF WAY | 669007 |
| NATIONAL INFORMATION SOLUTIONS COOP | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | SOFTWARE VENDOR | 392124 |
| THUNDER BAY TREE SERVICE | |||||
| 1172 HALLEY ROAD | ALPENA | MI | 49707 | RIGHT OF WAY | 282103 |
| DYKEMA GOSSETT PLLC | |||||
| 400 RENAISSANCE CENTER | DETROIT | MI | 48243 | LEGAL SERVICES | 174708 |
| KENT POWER | |||||
| 90 SPRING ST PO BOX 327 | KENT CITY | MI | 49330 | GAS SERVICES | 133766 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ELECTRIC REVENUE FROM MEMBERS | Description |
| Total Revenue Column | 41430028 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41430028 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 41430028 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1967202 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1912025 | RelatedOrExemptFunctionIncome |
| Exclusion | $55,177 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 59861 | GrossSalesOfInventory |
| Cost Of Goods Sold | 55569 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4292 | TotalRevenueColumn |
| Exclusion | $4,292 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|
| RENTAL REVENUE | 131445 | 131445 | |
| NON-MEMBERS-STREET LIGHTS | 70262 | $70,262 | |
| MISCELLANEOUS | 7897 | 7897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 209604 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43611126 | TotalRevenueColumn |
| Related Or Exempt Function Income | 43481395 | RelatedOrExemptFunctionIncome |
| Exclusion | $129,731 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 836173 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329998 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2549270 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 213161 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15262 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3055897 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3354875 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF ENERGY | 24306322 |
| DISTRIBUTION - MAINTENANC | 4441219 |
| CONSUMERS ACCOUNTS | 1771749 |
| DISTRIBUTION - OPERATIONS | 1513065 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205291 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42592282 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 457322 | BOY |
| EOY | 496226 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1372732 | BOY |
| EOY | 2212437 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4725144 | BOY |
| EOY | 5119420 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1285871 | BOY |
| EOY | 1286667 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 448401 | BOY |
| EOY | 525587 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 124917472 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 48585345 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75581760 | BOY |
| EOY | 76332127 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20885708 | BOY |
| EOY | 22222658 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104756938 | BOY |
| EOY | 108195122 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7821937 | BOY |
| EOY | 9127828 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58648429 | BOY |
| EOY | 59840078 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 416554 | BOY |
| EOY | 588515 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66886920 | BOY |
| EOY | 69556421 | 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 | 233595 | BOY |
| EOY | 240265 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1301485 | BOY |
| EOY | -1588940 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38937908 | BOY |
| EOY | 39987376 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37870018 | BOY |
| EOY | 38638701 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104756938 | BOY |
| EOY | 108195122 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1018844 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -250161 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 124917472 | OtherCostOrOtherBasis |
| Depreciation | 48585345 | Depreciation |
| Book Value | 76332127 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 76332127 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED CREDITS | Description |
| Amount | $588,515 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 588515 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 43598937 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -12189 | OtherRevenues |
| Revenue Not Rptd F990 | -12189 | RevenueNotRptdF990 |
| Revenue Subtotal | 43611126 | RevenueSubtotal |
| Total Revenue Per Form990 | 43611126 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 41743920 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -12189 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -12189 | ExpensesNotRptdF990 |
| Expenses Subtotal | 41756109 | ExpensesSubtotal |
| Other Expenses Not Included | 836173 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 836173 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 42592282 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 2D | REVENUE NETTED AGAINST EXPENSES ON THE FINANCIAL STATEMENT -12,189 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | REVENUE NETTED AGAINST EXPENSES ON THE FINANCIAL STATEMENT -12,189 |
| EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL PAYMENTS TO MEMBERS 836,173 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRIAN BURNS | NamePerson |
| Title | CEO | Title |
| Base Compensation Filing Org | 145327 | BaseCompensationFilingOrg |
| Deferred Comp Filing Org | 51885 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 2220 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 199432 | TotalCompensationFilingOrg |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | MEMBER OWNERS |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF THE COOPERATIVE ELECT THE GOVERNING BOARD. |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD DOES NOT NEED THE APPROVAL OF THE GENERAL MEMEMBERSHIP ON DECISIONS VOTED ON AT MONTHLY BOARD MEETINGS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | REVIEWED BY THE CEO, CFO AND BOARD BEFORE FILING. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | BOARD REVIEWS POLICY AND ANNUALLY DISCLOSES ANY POTENTIAL CONFLICTS. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD REVIEWS AN EVALUATION OF THE CEO, USING THE NRECA NATIONAL COMPENSATION SURVEY AS A COMPARABLE GUIDE, THE BOARD WILL SET THE CEO'S COMPENSATION. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | THE CFO'S SALARY IS DETERMINED BY THE CEO WHO THEN PRESENTS IT TO THE BOARD FOR APPROVAL. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | MANY DOCUMENTS POSTED ON THE COOPERATIVE WEBSITE, OTHERS ARE AVAILABLE BY WRITTEN REQUEST. |
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