SEQUACHEE VALLEY ELECTRIC COOPERATIVE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- SEQUACHEE VALLEY ELECTRIC COOPERATIVE (EIN 62-0352367)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-01-28
- IRS object ID
- 201110289349300716
- Schema version
- 2009v1.3
- 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 | 2011-01-28T13:30:52-08:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620352367 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEQUACHEE VALLEY ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SEQU | NameControl |
| Phone | 4238378605 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1 |
| City | SOUTH PITTSBURG | City |
| State | TN | State |
| ZIP Code | 37380 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERY W MATHENY | Name |
| Title | CEO | Title |
| Phone | 4238378605 | Phone |
| Date Signed | 2011-01-28 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL JORDAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 19TH STREET | AddressLine1 |
| City | TRACY CITY | City |
| State | TN | State |
| ZIP Code | 37387 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 73816186 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | Our mission is to provide sales of electricity to members and provide a monthly magazine and newsletter to our members. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 74 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 77426082 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 73592625 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 239516 | InvestmentIncomePriorYear |
| Investment Income Current Year | 105486 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 62209 | OtherRevenuePriorYear |
| Other Revenue Current Year | 63880 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 77727807 | TotalRevenuePriorYear |
| Total Revenue Current Year | 73761991 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7716801 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7891554 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 68865566 | OtherExpensePriorYear |
| Other Expenses Current Year | 63701969 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 76582367 | TotalExpensesPriorYear |
| Total Expenses Current Year | 71593523 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1145440 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2168468 | RevenuesLessExpensesCY |
| Total Assets BOY | 88055853 | TotalAssetsBOY |
| Total Assets EOY | 92835554 | TotalAssetsEOY |
| Total Liabilities BOY | 38398770 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 40891204 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 49657083 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 51944350 | NetAssetsOrFundBalancesEOY |
| Mission Description | Our mission is to provide | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | PROVIDE ELECTRICITY AND RELATED SERVICES TO OUR 34,780 MEMBERS PUBLISH A MONTHLY NEWSLETTER AND MONTHLY MAGAZINE FOR OUR MEMBERS | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| 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 | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 65 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 74 | 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 |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Gross Income From Members | 73592625 | GrossIncomeFromMembers |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | 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 | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | 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 |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | F A HATFIELD | NamePerson |
| Telephone Number | 4238375050 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 S CEDAR AVE | AddressLine1 |
| City | SOUTH PITTSBURG | City |
| State | TN | State |
| ZIP Code | 37380 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Other CompensationOtherCompensation | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|
| MICHAEL JORDAN | ||||||
| Chairman | 7.00 | X | 11115 | 1872 | ||
| WALTER RICHARD BARNES | ||||||
| Vice Chairman | 3.50 | X | 9675 | 3234 | ||
| JUDY FULTS | ||||||
| Secretary/Treasurer | 4.50 | X | 7670 | 2600 | ||
| HARLAN LEWIS | ||||||
| Director | 1.00 | 2630 | 61 | X | ||
| WILLIAM J GASTON | ||||||
| Director | 3.00 | 5775 | 582 | X | ||
| JOHN NALE | ||||||
| Director | 2.00 | 8335 | 895 | X | ||
| JERRY D THOMAS | ||||||
| Director | 1.00 | 4700 | 217 | X | ||
| ROBERT CLYDE COLLIER | ||||||
| Director | 2.00 | 8150 | 1888 | X | ||
| DANIEL DAVENPORT | ||||||
| Director | 2.00 | 5075 | 277 | X | ||
| ROGER POWELL | ||||||
| Director | 1.00 | 6885 | 282 | X | ||
| RANDALL VINSON | ||||||
| Director | 1.00 | 6625 | 1182 | X | ||
| ROBERT SHERILL | ||||||
| Director | 2.00 | 820 | 51 | X | ||
| BARRY TRAVIS SMITH | ||||||
| Director | 2.00 | 0 | 0 | X | ||
| BOBBY GRAVITT JR | ||||||
| Director | 2.50 | 2155 | 521 | X | ||
| ROBERT W MATHENY | ||||||
| CEO | 40.00 | 214904 | 56350 | X | ||
| TERRY MICHAEL PARTIN | ||||||
| COO | 40.00 | 97834 | 30055 | X | ||
| F A HATFIELD | ||||||
| CFO | 40.00 | 98420 | 28835 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 490768 | TotalReportableCompFromOrg |
| Total Other Compensation | 128902 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | 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 |
|---|---|---|---|---|---|
| DILLARD SMITH | |||||
| DEPT 258 PO BOX 277790 | ATLANTA | GA | 30384 | Line extension/maintenance | 1813647 |
| WA KENDAL AND CO INC | |||||
| PO BOX 831 | LAWRENCEVILLE | GA | 30046 | Tree Trimming | 828198 |
| TREES INC | |||||
| 1700 SOLUTIONS CENTER | CHICAGO | IL | 60677 | Tree Trimming | 478486 |
| TOWNSEND TREE SERVICE | |||||
| PO BOX 128 | PARKER CITY | IN | 47368 | Tree Trimming | 464441 |
| ECI | |||||
| 295 BUCK RD SUITE 203 | SOUTH HAMPTON | PA | 18966 | Right of Way Maintenance | 260112 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| electric sales | 221000 | 71881092 | 71881092 | |
| revenue from late payments | 221000 | 598074 | 598074 | |
| service revenue | 221000 | 274473 | 274473 | |
| rental of electric property/poles | 221000 | 838986 | $838,986 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 73592625 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 105486 | TotalRevenueColumn |
| Exclusion | $105,486 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 118075 | GrossSalesOfInventory |
| Cost Of Goods Sold | 54195 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 63880 | TotalRevenueColumn |
| Exclusion | $63,880 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 73761991 | TotalRevenueColumn |
| Related Or Exempt Function Income | 72753639 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,008,352 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 637364 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4334800 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 939878 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1618577 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360935 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18636 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14140 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1950 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111119 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299324 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298598 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 851670 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85127 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8738 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1159498 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4235179 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 398347 | Total |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Purchased Power | Description |
| Total | 55308094 | Total |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 911549 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71593523 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96183 | BOY |
| EOY | 104876 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2550017 | BOY |
| EOY | 2952894 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4173499 | BOY |
| EOY | 4327620 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1112996 | BOY |
| EOY | 1140240 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 495351 | BOY |
| EOY | 629061 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 132865809 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 57362078 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72240923 | BOY |
| EOY | 75503731 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1123623 | BOY |
| EOY | 999640 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6263261 | BOY |
| EOY | 7177492 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88055853 | BOY |
| EOY | 92835554 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6006626 | BOY |
| EOY | 6565951 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19365575 | BOY |
| EOY | 24571114 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13026569 | BOY |
| EOY | 9754139 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38398770 | BOY |
| EOY | 40891204 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49657083 | BOY |
| EOY | 51944350 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49657083 | BOY |
| EOY | 51944350 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88055853 | BOY |
| EOY | 92835554 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 856666 | InvestmentCostOrOtherBasis |
| Book Value | 856666 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 5520407 | InvestmentCostOrOtherBasis |
| Depreciation | 1580188 | Depreciation |
| Book Value | 3940219 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 124934589 | InvestmentCostOrOtherBasis |
| Depreciation | 55781890 | Depreciation |
| Book Value | 69152699 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1554147 | InvestmentCostOrOtherBasis |
| Book Value | 1554147 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 75503731 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (12 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Valley Energy Membership | 1000 |
| Intermediary Relending Program Loans | 305770 |
| CoBank E Stock | 258605 |
| Rural Economic Development/Grant Program | 33000 |
| CSA Stockholder and Re-engineering Loan | 59673 |
| Federated Patronage | 110796 |
| Cooperative Response Center | 22500 |
| Sequachee Valley Services Stock | 50000 |
| CFC Membership | 1000 |
| SEDC Patronage Capital | 101759 |
| CFC Patronage Capital | 48642 |
| CFC Loan Certificates | 6895 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 999640 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (8 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Dunlap Industrial Park | 296315 |
| Deferred Compensation | 176657 |
| Accrued Sales Revenue and Pole Rents | 5032678 |
| Clearing Expenses | 2143 |
| Energy Right Loan Receivable | 1482081 |
| Deferred Pension | 112455 |
| Deferred Mapping | 15150 |
| Deferred CoBank Early payment penalty | 60013 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7177492 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Post retirement benefits | $919,134 |
| Energy right loans | $1,518,724 |
| Line of credit payable | $2,500,000 |
| Customer seposits | $2,328,253 |
| Interest Accrued | $23,600 |
| Other current liabilities | $2,287,771 |
| Deferred Compensation | $176,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 9754139 | TotalOfAmounts |
| Total Revenue | 73761991 | TotalRevenue |
| Total Expenses | 71593523 | TotalExpenses |
| Excess Or Deficit For Year | 2168468 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 2168468 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 73761991 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 73761991 | RevenueSubtotal |
| Total Revenue Per Form990 | 73761991 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 71593523 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 71593523 | ExpensesSubtotal |
| Total Expenses Per Form990 | 71593523 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|
| ROBERT W MATHENY | ||
| 214904 | 56185 | 271089 |
| F A HATFIELD | ||
| 98420 | 28835 | 127255 |
| TERRY MICHAEL PARTIN | ||
| 97834 | 30055 | 127889 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (16 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-A, Line 6 | The organization is a non profit electric cooperartive that is member owned |
| at 6-30-10 there were 34,780 members | |
| Pt VI-A, Line 7a | The members of the electric cooperative elect board members based on which district the members live in. |
| Board members must be from the district they represent | |
| Pt VI-B, Line 11A | Board Chairman, CEO, COO and VP of Administrative Services review the 990. |
| Pt VI-B, Line 12c | Directors are asked to complete a survey each year to ensure |
| there are no conflicts of interests. | |
| Pt VI-B, Line 15 | The Chairman of the Board reviews the CEO compensation annually to comparative |
| data of cooperatives from state and national organizations. The CEO determines | |
| the compensation of the key employees based upon information of peer groups | |
| supplied by state and national organizations scuh as | |
| the National Rural Electric Cooperative Association (NRECA). | |
| Pt VI-C, Line 19 | The bylaws are handed out to each new member and to anyone else upon request. |
| Other information pertaining to the electric cooperative is sent out | |
| in our monthly magazine and the financial information is submitted on an | |
| annual basis. The financial information also appears on our website. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLALOCK PROPANE DBA SVPROPANE | |||||||||||
| PO BOX 374 | SOUTH PITTSBURG | TN | 37380 | 621329899 | PROPANE GAS SALES | TN | SVEC | C | 61008 | 1054962 | 1.00000 |
| SV SERVICES | |||||||||||
| PO BOX 31 | SOUTH PITTSBURG | TN | 37380 | 621771057 | HOLDING COMPANY | TN | SVEC | C | -2990 | 1219342 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| SV PROPANE | |
| payme | 6706 |
| SVPROPANE BILLED FOR SHARED EMPLOYEES POSTAGE AND OTJER EXPENSES | |
| recei | 18421 |
| SV SERVICES INTEREST RECEIVED | |
| recei | 40000 |
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