TALLAPOOSA RIVER ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TALLAPOOSA RIVER ELECTRIC COOPERATIVE INC (EIN 63-0205975)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-09
- IRS object ID
- 202411309349302311
- Schema version
- 2023v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-09T12:58:48-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631059654 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRUENLOH HARDY & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 895 | AddressLine1Txt |
| City | ROBERTSDALE | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36567 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 630205975 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TALLAPOOSA RIVER ELECTRIC COOP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TALL | BusinessNameControlTxt |
| Phone | 3348649331 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 675 | AddressLine1Txt |
| City | LAFAYETTE | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 368620675 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEWIS WARD | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 3348649331 | PhoneNum |
| Signature | 2024-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LEWIS | PersonFirstNm |
| Person Last | WARD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | COLLENA MATZ CPA | PreparerPersonNm |
| PTIN | P01417735 | PTIN |
| Phone | 2519471040 | PhoneNum |
| Preparation | 2024-05-03 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LEWIS WARD | PrincipalOfficerNm |
| Gross Receipts | $77,402,308 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TREC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE DEPENDABLE ELECTRIC SERVICE AT THE LOWEST POSSIBLE COST. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 78 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $69,721,381 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $76,074,846 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,139,604 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,312,477 | CYInvestmentIncomeAmt |
| PY Other Revenue | $138,882 | PYOtherRevenueAmt |
| CY Other Revenue | $14,985 | CYOtherRevenueAmt |
| PY Total Revenue | $70,999,867 | PYTotalRevenueAmt |
| CY Total Revenue | $77,402,308 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,399,908 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,499,932 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $830,068 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $866,393 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $67,117,386 | PYOtherExpensesAmt |
| CY Other Expenses | $69,098,537 | CYOtherExpensesAmt |
| PY Total Expenses | $70,347,362 | PYTotalExpensesAmt |
| CY Total Expenses | $72,464,862 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $652,505 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,937,446 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $165,911,933 | TotalAssetsBOYAmt |
| Total Assets EOY | $177,963,443 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $31,681,234 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,772,554 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $134,230,699 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $140,190,889 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE DEPENDABLE ELECTRIC SERVICE AT THE LOWEST POSSIBLE COST. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | THROUGH APPROXIMATELY 4,118 MILES OF DISTRIBUTION LINES, TALLAPOOSA RIVER ELECTRIC COOPERATIVE PROVIDED 576,170,386 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMPENSATION PROCESS - THE GOVERNING BODY EXAMINES STATE, REGIONAL, AND NATIONAL PAYROLL PAY SCALES AND COMPARES THEM TO THE EXISTING PAY RATES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 78 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $75,224,535 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,177,774 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMANDA THORN | PersonNm |
| Phone | 3348649331 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15163 US HIGHWAY 431 S | AddressLine1Txt |
| City | LAFAYETTE | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36862 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| LEWIS WARD | |||||||
| GENERAL MANA | 50.00 | Yes (X) | $274,622 | $0 | $107,452 | ||
| PARKER GOODMAN | |||||||
| MGR ENGINEER | 40.00 | $153,885 | $0 | $84,686 | Yes (X) | ||
| WANDA ELLIOTT | |||||||
| MGR OF CONSU | 50.00 | $139,790 | $0 | $79,554 | Yes (X) | ||
| KEVIN HAND | |||||||
| MEMBER SERVI | 40.00 | $119,960 | $0 | $52,411 | Yes (X) | ||
| JOHN ADCOCK | |||||||
| PRESIDENT | 5.00 | Yes (X) | $37,590 | $0 | $0 | Yes (X) | |
| CB PARKER JR | |||||||
| VICE PRESIDE | 4.00 | Yes (X) | $33,745 | $0 | $0 | Yes (X) | |
| JEFF DODGEN | |||||||
| TRUSTEE | 4.00 | $32,790 | $0 | $0 | Yes (X) | ||
| BRUCE BOSWELL | |||||||
| SEC/TREAS | 7.00 | Yes (X) | $27,215 | $0 | $0 | Yes (X) | |
| ANN PARKMAN | |||||||
| TRUSTEE | 3.00 | $25,961 | $0 | $0 | Yes (X) | ||
| PHILLIP BRYANT | |||||||
| TRUSTEE | 6.00 | $20,835 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $866,393 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $324,103 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ASPLUNDH TREE EXPERT CO | |||||
| P O BOX 532729 | ATLANTA | GA | 30353 | ROW MAINT | $1,064,795 |
| SOUTHERN LINE CONTRACTORS | |||||
| 17700 US HWY 27 | ROOPVILLE | GA | 30170 | ROW MAINT | $820,513 |
| SOUTHERN STATES UTILITY | |||||
| 710 WATER OAK LANE | TALLADEGA | AL | 35160 | WO CONSTRUCTION | $785,438 |
| MERIDIAN | |||||
| 100 ASHFORD CENTER NORTH SUITE 500 | ATLANTA | GA | 30338 | COMP SUPPORT | $750,264 |
| DUKE'S HAULING SERVICE | |||||
| 115 EVERGREEN ROAD | CARROLLTON | GA | 30117 | W/O CONSTRUCT | $359,005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| RESIDENTIAL SALES | $53,688,095 | $53,688,095 |
| COMMERCIAL & INDUSTRIAL- LARG | $14,144,890 | $14,144,890 |
| COMMERCIAL & INDUSTRIAL- SMAL | $6,334,986 | $6,334,986 |
| POLE ATTACHMENTS | $1,105,196 | $1,105,196 |
| MISC SERV. REV. - NON TAXABLE | $801,438 | $801,438 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $241 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $241 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $76,074,846 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,312,477 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,072,578 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $239,899 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC NON-OPERATING INCOME | Desc |
| Total Revenue Column | $14,985 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,985 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $14,985 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,402,308 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $77,162,409 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $239,899 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,499,932 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,758 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $413,635 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $831,954 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,730,984 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $49,173,403 |
| DIST EXP - MAINTENANCE | $6,140,540 |
| DIST EXP - OPERATION | $3,390,943 |
| CONSUMER ACCOUNTS EXP | $1,903,277 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,927,436 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,464,862 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,249,191 | BOYAmt |
| EOY | $1,804,844 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,412,395 | BOYAmt |
| EOY | $5,761,815 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,342,659 | BOYAmt |
| EOY | $9,225,864 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,879,673 | BOYAmt |
| EOY | $3,367,080 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,614 | BOYAmt |
| EOY | $214,827 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $177,951,528 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,668,659 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,446,592 | BOYAmt |
| EOY | $129,282,869 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,320,809 | BOYAmt |
| EOY | $28,306,144 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,911,933 | BOYAmt |
| EOY | $177,963,443 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,506,415 | BOYAmt |
| EOY | $8,098,061 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,969,059 | BOYAmt |
| EOY | $19,483,930 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,500,000 | BOYAmt |
| EOY | $4,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,705,760 | BOYAmt |
| EOY | $6,190,563 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,681,234 | BOYAmt |
| EOY | $37,772,554 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,375 | BOYAmt |
| EOY | $120,340 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,112,324 | BOYAmt |
| EOY | $140,070,549 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,230,699 | BOYAmt |
| EOY | $140,190,889 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,911,933 | BOYAmt |
| EOY | $177,963,443 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,937,446 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,022,744 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $177,951,528 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $48,668,659 | DepreciationAmt |
| Book Value | $129,282,869 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $129,282,869 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVEST IN ASSOC ORG - PATRONAGE CAP | Desc |
| Book Value | $28,306,144 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $28,306,144 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $3,063,548 |
| DEFERRED CREDITS | $2,373,593 |
| BENEFITS | $696,608 |
| RIGHT OF USE | $56,814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,190,563 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $77,402,308 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $77,402,308 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $77,402,308 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $69,964,930 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $69,964,930 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,499,932 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,499,932 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $72,464,862 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 4B | FormAndLineReferenceDesc |
| Explanation | RETIREMENT OF CAPITAL CREDITS PAID 2,499,932 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| LEWIS WARD | ||||||
| GENERAL MANAGER | $266,045 | $1,600 | $6,977 | $84,386 | $23,066 | $382,074 |
| PARKER GOODMAN | ||||||
| MGR ENGINEER & OPER | $150,443 | $1,700 | $1,742 | $61,784 | $22,902 | $238,571 |
| WANDA ELLIOTT | ||||||
| MGR OF CONSUMER ACCT | $131,201 | $1,600 | $6,989 | $57,226 | $22,328 | $219,344 |
| KEVIN HAND | ||||||
| MEMBER SERVICES MGR | $116,902 | $1,700 | $1,358 | $30,758 | $21,653 | $172,371 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | PART IX, LINE 4- RETIREMENT OF PATRONAGE CAPITAL CREDITS DISCLOSED REPRESENT THE RETIREMENT OF PATRONAGE CAPITAL ALLOCATED IN PRIOR YEARS WHICH WERE PAID TO MEMBERS IN THE CURRENT YEAR. |
| FORM 990, PAGE 2, PART III, LINE 4D | COMPENSATION PROCESS - THE GOVERNING BODY EXAMINES STATE, REGIONAL, AND NATIONAL PAYROLL PAY SCALES AND COMPARES THEM TO THE EXISTING PAY RATES. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBER OWNED COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EACH MEMBER HAS ONE VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | BY-LAW CHANGES ARE APPROVED BY THE MEMBERS PRESENT AT THE ANNUAL MEETING IF A QUORUM IS MET. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 WILL BE PRESENTED TO THE BOARD AT A REGULARLY SCHEDULED MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE MEMBERS OF THE GOVERNING BODY AS WELL AS THE OFFICERS MUST DISCLOSE, ANNUALLY, ANY CONFLICTS OF INTEREST ON A QUESTIONNAIRE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE GOVERNING BODY EXAMINES STATE, REGIONAL, AND NATIONAL PAYROLL PAY SCALES AND COMPARES THEM TO THE EXISTING PAY RATES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE GOVERNING BODY EXAMINES STATE, REGIONAL, AND NATIONAL PAYROLL PAY SCALES AND COMPARES THEM TO THE EXISTING PAY RATES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S MAIN OFFICE. ALSO, A MEMBERSHIP PACKET WITH RULES AND REGULATIONS AND BY-LAWS IS MAILED TO EACH NEW MEMBER. A COPY OF THE AUDITED BALANCE SHEET, STATEMENT OF REVENUE AND PATRONAGE CAPITAL, AND THE STATEMENT OF CASH FLOWS ARE INCLUDED IN THE OFFICIAL NOTICE OF ANNUAL MEMBERSHIP MEETING AND PROGRAM MAILED TO EACH MEMBER IN JULY. |
| FORM 990, PART XI | LINE 2B: THE COOPERATIVE RECEIVES AUDITED FINANCIAL STATEMENTS FROM THE FISCAL YEAR ENDED SEPTEMBER 30TH. IT PREPARES ITS TAX RETURN ON A CALENDAR YEAR BASIS ENDING ON DECEMBER 31ST. |
| FORM 990, PART XI, LINE 9 | MEMBERSHIPS 1,965 UTILITY TAX REFUND 68,581 CAPITAL CREDITS UNCLAIMED 814,501 OTHER COMPR GAIN TEMP INVEST 175,570 FAS 158 ADJUSTMENT 0 FAS 158 ADJUSTMENT -37,873 OTHER COMPR LOSS TEMP INVEST 0 TOTAL 1,022,744 |