DIXIE ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- DIXIE ELECTRIC MEMBERSHIP CORPORATION (EIN 72-0170797)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413219349301206
- Schema version
- 2023v5.1
- 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) |
|---|---|---|
| Return | 2024-11-15T23:10:19-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | 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 | 720170797 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXIE ELECTRIC MEMBERSHIP CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DIXI | BusinessNameControlTxt |
| Phone | 8446933626 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 15659 | AddressLine1Txt |
| City | BATON ROUGE | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70895 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RANDALL PIERCE | PersonNm |
| Person Title | CEO & GENERAL MANAGER | PersonTitleTxt |
| Phone | 8446933626 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RANDALL PIERCE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 15659 | AddressLine1Txt |
| City | BATON ROUGE | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70895 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $255,138,584 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.DEMCO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | LA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 286 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $126,201 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $70,943 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $314,891,056 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $253,473,042 | CYProgramServiceRevenueAmt |
| PY Investment Income | $144,640 | PYInvestmentIncomeAmt |
| CY Investment Income | $220,605 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,940,851 | PYOtherRevenueAmt |
| CY Other Revenue | $1,444,937 | CYOtherRevenueAmt |
| PY Total Revenue | $316,976,547 | PYTotalRevenueAmt |
| CY Total Revenue | $255,138,584 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $20,588 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $29,701,852 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,966,070 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $279,219,281 | PYOtherExpensesAmt |
| CY Other Expenses | $222,043,153 | CYOtherExpensesAmt |
| PY Total Expenses | $308,931,133 | PYTotalExpensesAmt |
| CY Total Expenses | $255,029,811 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,045,414 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $108,773 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $737,870,324 | TotalAssetsBOYAmt |
| Total Assets EOY | $712,484,022 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $618,576,049 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $592,808,886 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $119,294,275 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $119,675,136 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DEMCO IS COMMITTED TO SAFELY PROVIDING ITS MEMBER-OWNERS WITH ECONOMICAL AND RELIABLE ELECTRIC POWER AND RELATED SERVCES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 117,458 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 115 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 286 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $255,353,090 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,172,867 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICHOLAS SMITH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8446933626 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 15659 | AddressLine1Txt |
| City | BATON ROUGE | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70895 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DANIEL BERTHELOT | ||||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $38,603 | $0 | $0 | ||
| RANDY LORIO | ||||||||
| VICE PRESIDENT | 2.40 | Yes (X) | Yes (X) | $36,265 | $0 | $0 | ||
| DENNIS LOTT | ||||||||
| SECRETARY/TREASURER | 3.80 | Yes (X) | Yes (X) | $17,988 | $0 | $0 | ||
| LESLIE FALKS | ||||||||
| DIRECTOR | 4.10 | Yes (X) | $39,978 | $0 | $0 | |||
| STEVE IRVING | ||||||||
| DIRECTOR | 5.10 | Yes (X) | $34,278 | $0 | $0 | |||
| RICHARD SITMAN | ||||||||
| DIRECTOR | 2.80 | Yes (X) | $38,628 | $0 | $0 | |||
| JILL MCGRAW | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $22,534 | $0 | $0 | |||
| MELISSA DUFRECHE | ||||||||
| DIRECTOR | 4.40 | Yes (X) | $11,175 | $0 | $0 | |||
| EDWARD DELEE | ||||||||
| DIRECTOR | 3.90 | Yes (X) | $33,865 | $0 | $0 | |||
| KEVIN BEACHAMP | ||||||||
| DIRECTOR | 3.70 | Yes (X) | $16,388 | $0 | $0 | |||
| TRESA BYRD | ||||||||
| DIRECTOR | 2.30 | Yes (X) | $20,267 | $0 | $0 | |||
| MIKE ANDERSON | ||||||||
| DIRECTOR | 4.80 | Yes (X) | $9,975 | $0 | $0 | |||
| ELINDA TAILLON | ||||||||
| DIRECTOR | 3.80 | Yes (X) | $21,467 | $0 | $0 | |||
| RANDALL PIERCE | ||||||||
| GENERAL MANAGER/CHIEF EXECUTIVE OFFICER | 50.00 | Yes (X) | $457,241 | $0 | $187,291 | |||
| PEGGY MARANAN | ||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | Yes (X) | $208,177 | $0 | $62,873 | |||
| PEARL OVERHULTZ | ||||||||
| CHIEF CORPORATE SERVICES OFFICER | 40.00 | $162,603 | $0 | $157,236 | Yes (X) | |||
| MARK PHILLIPS | ||||||||
| CHIEF ENGINEERING & OPERATIONS OFFICER | 45.00 | $178,525 | $0 | $113,598 | Yes (X) | |||
| MELVIN PARKER | ||||||||
| SUBSTATION TECHNICIAN CREW LEADER | 52.00 | $183,851 | $0 | $64,689 | Yes (X) | |||
| KEVIN COMMANDER | ||||||||
| CONTROLLER | 40.00 | $170,376 | $0 | $9,774 | Yes (X) | |||
| MATT GIBSON | ||||||||
| DIRECTOR OF ENGINEERING | 40.00 | $166,353 | $0 | $52,798 | Yes (X) | |||
| PATRICK MANSFIELD | ||||||||
| INFORMATION TECHNOLOGY MANAGER | 40.00 | $157,751 | $0 | $82,439 | Yes (X) | |||
| SCOTT DELEE | ||||||||
| CREW LEADER | 50.00 | $148,540 | $0 | $32,045 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,174,828 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $762,743 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 116 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STUART IRBY CO | |||||
| PO BOX 843959 | DALLAS | TX | 75284 | ELECTRICAL/MATERIALS CONTRACTOR | $5,545,449 |
| V-TECH INC | |||||
| 200 CS FLOYD RD | LOGANVILLE | GA | 30052 | ELECTRICAL/MATERIALS CONTRACTOR | $5,224,787 |
| SOLPOWERLINES LLC | |||||
| 1613 JB HUNT DR BLDG 1708 | ALEXANDRIA | LA | 71303 | SYSTEM IMPROVEMENTS CONTRACT LABOR | $3,928,176 |
| SHELTON ENERGY SOLUTIONS LLC | |||||
| 1439 CNETRE COURT STE 600 | ALEXANDRIA | LA | 71301 | SYSTEM IMPROVEMENTS CONTRACT LABOR | $2,904,433 |
| ZIELIES TREE SERVICE INC | |||||
| 28190 STATE HIGHWAY 137 | ASHLAND | WI | 54806 | ROW CUTTING, TREE REMOVALS, AND STORM CR | $2,298,605 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 69 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $248,553,434 | $248,553,434 |
| SERVICE FEES | 221000 | $3,616,222 | $3,616,222 |
| PATRONAGE DIVIDENDS | 221000 | $1,303,386 | $1,303,386 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $253,473,042 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $213,061 | TotalRevenueColumnAmt |
| Exclusion | $213,061 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $125,655 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $125,655 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $125,655 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $125,655 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $7,544 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $7,544 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,544 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,544 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $546 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $546 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $546 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| POLE ATTACHMENT INCOME | 221000 | $1,367,304 | $1,367,304 | |
| MUTUAL AID ASSISTANCE | 221000 | -$48,568 | -$48,568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,318,736 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $255,138,584 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $253,432,018 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $126,201 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,580,365 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,588 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,868,955 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,631,524 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,059,224 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,284,869 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,121,498 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,324,941 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,915,109 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $147,941,102 |
| DISTRIBUTION EXPENSE | $15,840,836 |
| TAXES | $7,002,077 |
| UNRELATED BUS. INC. TAX | $15,800 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,003,288 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,029,811 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,114,366 | BOYAmt |
| EOY | $6,488,986 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,241,899 | BOYAmt |
| EOY | $37,154,013 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,304 | BOYAmt |
| EOY | $323,447 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,383,208 | BOYAmt |
| EOY | $8,890,429 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,355,785 | BOYAmt |
| EOY | $10,151,001 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $820,352,436 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $213,102,176 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,096,772 | BOYAmt |
| EOY | $607,250,260 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,154,020 | BOYAmt |
| EOY | $12,790,543 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,253,970 | BOYAmt |
| EOY | $29,435,343 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $737,870,324 | BOYAmt |
| EOY | $712,484,022 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,275,081 | BOYAmt |
| EOY | $29,340,473 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $521,408,355 | BOYAmt |
| EOY | $528,342,503 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,892,613 | BOYAmt |
| EOY | $35,125,910 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $618,576,049 | BOYAmt |
| EOY | $592,808,886 | 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 | $374,625 | BOYAmt |
| EOY | $356,040 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,919,650 | BOYAmt |
| EOY | $119,319,096 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,294,275 | BOYAmt |
| EOY | $119,675,136 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $737,870,324 | BOYAmt |
| EOY | $712,484,022 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $108,773 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $272,088 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,895,295 | OtherCostOrOtherBasisAmt |
| Book Value | $9,895,295 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,043,629 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,290,154 | DepreciationAmt |
| Book Value | $13,753,475 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $644,977 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,440 | DepreciationAmt |
| Book Value | $637,537 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $757,491,916 | OtherCostOrOtherBasisAmt |
| Depreciation | $205,804,582 | DepreciationAmt |
| Book Value | $551,687,334 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,276,619 | OtherCostOrOtherBasisAmt |
| Book Value | $31,276,619 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $607,250,260 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED OPERATING TAXES | $580,277 |
| CONSUMER DEPOSITS | $9,282,409 |
| DEFERRED POST RETIREMENT BENEFITS | $20,312,334 |
| OVER-COLLECTED PURCHASE POWER COST ADJUSTMENT | $809,192 |
| DEFERRED CREDITS - OTHER | $446,146 |
| CONTINGENT LIABILITY - FEMA | $3,695,552 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $35,125,910 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITIONS ARE TIMING DIFFERENCES IMPACTING TAXABLE INCOME. THE ENTITIES HAVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE APPLICABLE STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART VIII: | THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RANDALL PIERCE | ||||||||||||||
| GENERAL MANAGER/CHIEF EXECUTIVE OFFI | $376,085 | $0 | $76,008 | $0 | $5,148 | $0 | $156,091 | $0 | $31,200 | $0 | $644,532 | $0 | $0 | $0 |
| PEARL OVERHULTZ | ||||||||||||||
| CHIEF CORPORATE SERVICES OFFICER | $160,265 | $0 | $1,221 | $0 | $1,117 | $0 | $132,016 | $0 | $25,220 | $0 | $319,839 | $0 | $0 | $0 |
| MARK PHILLIPS | ||||||||||||||
| CHIEF ENGINEERING & OPERATIONS OFFIC | $166,786 | $0 | $601 | $0 | $11,138 | $0 | $87,598 | $0 | $26,000 | $0 | $292,123 | $0 | $0 | $0 |
| PEGGY MARANAN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $197,925 | $0 | $529 | $0 | $9,723 | $0 | $52,865 | $0 | $10,008 | $0 | $271,050 | $0 | $0 | $0 |
| MELVIN PARKER | ||||||||||||||
| SUBSTATION TECHNICIAN CREW LEADER | $137,584 | $0 | $1,051 | $0 | $45,216 | $0 | $33,419 | $0 | $31,270 | $0 | $248,540 | $0 | $0 | $0 |
| PATRICK MANSFIELD | ||||||||||||||
| INFORMATION TECHNOLOGY MANAGER | $146,327 | $0 | $565 | $0 | $10,859 | $0 | $52,019 | $0 | $30,420 | $0 | $240,190 | $0 | $0 | $0 |
| MATT GIBSON | ||||||||||||||
| DIRECTOR OF ENGINEERING | $165,101 | $0 | $541 | $0 | $711 | $0 | $27,802 | $0 | $24,996 | $0 | $219,151 | $0 | $0 | $0 |
| SCOTT DELEE | ||||||||||||||
| CREW LEADER | $146,273 | $0 | $1,304 | $0 | $963 | $0 | $4,317 | $0 | $27,728 | $0 | $180,585 | $0 | $0 | $0 |
| KEVIN COMMANDER | ||||||||||||||
| CONTROLLER | $93,163 | $0 | $265 | $0 | $76,948 | $0 | $975 | $0 | $8,799 | $0 | $180,150 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. RANDALL PIERCE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 146,191 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,900 TOTAL REPORTED IN COLUMN C $ 156,091 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (146,191) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 101,032 EXPENSE TO THE COOPERATIVE $ 110,932 PEARL OVERHULTZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 127,036 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,980 TOTAL REPORTED IN COLUMN C $ 132,016 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (127,036) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,521 EXPENSE TO THE COOPERATIVE $ 52,501 MARK PHILLIPS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 82,412 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,186 TOTAL REPORTED IN COLUMN C $ 87,598 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (82,412) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,960 EXPENSE TO THE COOPERATIVE $ 53,146 PEGGY MARANAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 46,978 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,887 TOTAL REPORTED IN COLUMN C $ 52,865 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (46,978) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 56,257 EXPENSE TO THE COOPERATIVE $ 62,144 MELVIN PARKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,379 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,040 TOTAL REPORTED IN COLUMN C $ 33,419 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,379) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,122 EXPENSE TO THE COOPERATIVE $ 25,162 PATRICK MANSFIELD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 47,295 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,724 TOTAL REPORTED IN COLUMN C $ 52,019 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (47,295) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,286 EXPENSE TO THE COOPERATIVE $ 51,010 MATT GIBSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 23,031 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,771 TOTAL REPORTED IN COLUMN C $ 27,802 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (23,031) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,591 EXPENSE TO THE COOPERATIVE $ 50,362 SCOTT DELEE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ (0) EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,317 TOTAL REPORTED IN COLUMN C $ 4,317 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (0) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,044 EXPENSE TO THE COOPERATIVE $ 26,361 KEVIN COMMANDER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ (0) EMPLOYER CONTRIBUTION TO 401(K) PLAN 975 TOTAL REPORTED IN COLUMN C $ 975 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (0) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 12,323 EXPENSE TO THE COOPERATIVE $ 13,298 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACOB OVERHULTZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY RELATIONSHIP - KEY EMPLOYEE (P. OVERHULTZ) | RelationshipDescriptionTxt |
| Transaction | $117,971 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE I - MEMBERSHIP SECTION 1.04. JOINT MEMBERSHIP, WAS AMENDED TO STATE "THE TERM "MEMBER" AS USED IN THESE BYLAWS SHALL BE DEEMED TO INCLUDE EACH SPOUSE IN THE MARRIAGE AND ANY PROVISIONS RELATING TO THE RIGHTS AND LIABILITIES OF MEMBERSHIP SHALL APPLY EQUALLY WITH RESPECT TO THE SPOUSES." ARTICLE IV - DIRECTORS SECTION 4.08. COMPENSATION, WAS AMENDED TO STATE "DIRECTORS SHALL NOT RECEIVE ANY SALARY FOR THEIR SERVICES AS DIRECTORS, BUT MAY RECEIVE A FIXED SUM AND EXPENSES FOR ATTENDANCE AT ANY OF THE FOLLOWING: 1) BOARD MEETINGS, 2) COMMITTEE MEETINGS, AND 3) OTHER MEETINGS OR FUNCTIONS WHICH THE BOARD OR THE CEO/GENERAL MANAGER HAS REQUESTED THEY ATTEND; AND SHALL RECEIVE HEALTH INSURANCE BENEFITS FOR THEMSELVES AND THEIR DEPENDENTS THROUGH DEMCO'S HEALTH INSURANCE PROGRAM. DEPENDENTS ARE DEFINED IN DEMCO'S HEALTH BENEFIT PROGRAM SUMMARY PLAN DESCRIPTIONS." SECTION 4.09. "CLOSE RELATIVE" DEFINED, WAS AMENDED TO CHANGE "HUSBAND OR WIFE" TO "SPOUSE". ARTICLE XI - GENERAL MISCELLANEOUS SECTION 11.01. MEMBERSHIP IN OTHER ORGANIZATIONS, WAS AMENDED TO STATE "DEMCO SHALL HAVE THE RIGHT UPON THE APPROVAL OF THE CEO/GENERAL MANAGER, TO BECOME A MEMBER OF VARIOUS COOPERATIVES, CHAMBERS OR COMMERCE AND OTHER ASSOCIATED TRADE ORGANIZATIONS THAT WILL CONTRIBUTE TO THE OBJECTIVES AND SUCCESS OF DEMCO BOTH LOCALLY AND NATIONALLY." THE DEFINITION OF JOINT MEMBERSHIP WAS ALSO AMENDED TO STATE "AS USED IN THESE BYLAWS SHALL BE DEEMED TO INCLUDE EACH SPOUSE IN THE MARRIAGE AND ANY PROVISIONS RELATING TO THE RIGHTS AND LIABILITIES OF MEMBERSHIP SHALL APPLY EQUALLY WITH RESPECT TO THE SPOUSES, WITHOUT REGARD TO ANY SEPARATE PROPERTY AGREEMENTS OR ANY OTHER LIKE OR SIMILAR AGREEMENTS BETWEEN MARRIED PERSONS." A COMPLETE COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: HTTPS://WWW.DEMCO.ORG. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD SUBSEQUENT TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEOS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN LOUISIANA AND THE NATION. THE CEO UTILIZES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY SHOWS COMPARATIVE SALARIES FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN LOUISIANA AND THE NATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. THE BYLAWS AND THE ANNUAL REPORT ARE ALSO POSTED ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES ARE COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN, THE ACTUARIAL INCREASE FOR FUTURE RETIREE BENEFITS EARNED AS A PARTICIPANT IN THE DEFINED BENEFIT PLAN, AND THE INSURANCE PREMIUMS PAID FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO MEMBERS. |
| FORM 990, PART IX: | THE COOPERATIVE MAINTAINS ITS RECORDS IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR BORROWERS OF THE UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS, AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY USOA. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $18,500,479 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (341,411) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (520,998) PLUS: SALARIES & WAGES CAPITALIZED DIRECTLY TO PLANT 7,046,661 PLUS: SALARIES & WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 2,427,222 TOTAL WAGES ACCRUED AND/OR PAID $27,111,953 |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. IN GENERAL, THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CUSTOMER ACCOUNTS & SERVICE $ 1,888,720 SALES 885,958 TRANSMISSION 511,169 ADMINSTRATIVE AND GENERAL 6,352,091 OTHER DEDUCTIONS 365,350 TOTAL OTHER EXPENSES PER FROM 990 LINE 24E $10,003,288 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 7,225,822 OFFICE SUPPLIES 1,214,575 OUTSIDE SERVICES 1,839,925 INJURIES & DAMAGES 547,805 PENSION & BENEFITS 1,182,859 REGULATORY COMMISSION 399,599 RENT 202,942 MISCELLANEOUS GENERAL 178,108 DISTRICT & ANNUAL MEETINGS 393,554 DIRECTORS 700,830 INSURANCE 333,864 MAINTENANCE OF GENERAL PLANT 1,775,770 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $15,995,653 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (341,411) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (5,029,079) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (4,273,072) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 6,352,091 |
| FORM 990, PART XI, LINE 9: | EQUITY METHOD INCOME FROM SUBSIDIARY 290,675. NET CHANGE IN MEMBERSHIPS -18,587. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO A FINANCE COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| DIXIE BUSINESS DEVELOPMENT CENTER | ||||||||||
| 1810 S RANGE AVE | DENHAM SPRINGS | LA | 70726 | 721216797 | INCUBATOR PROGRAM TO HELP NEW BUSINESS DEVELOP, GROW, AND SUCCEED | LA | 501(C)(4) | DIXIE ELECTRIC MEMBERSHIP CORPORATION | Yes (1) | |
| DEMCO FOUNDATION INC | ||||||||||
| PO BOX 15659 | BATON ROUGE | LA | 70895 | 721417423 | PROVIDES CHARITABLE ASSISTANCE TO INDIVIDUALS IN THE DEMCO SERVICE AREA | LA | 501(C)(3) | DIXIE ELECTRIC MEMBERSHIP CORPORATION | Yes (1) | LINE 7 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMCO ENERGY SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16262 WAX RD | AddressLine1Txt |
| City | GREENWELL SPRINGS | CityNm |
| State Abbreviation | LA | StateAbbreviationCd |
| ZIP | 70739 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721351783 | EIN |
| Primary Activities | PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA | PrimaryActivitiesTxt |
| Legal Domicile State | LA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXIE ELECTRIC MEMEBERSHIP CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $453,991 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $778,826 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (11 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DEMCO ENERGY SERVICES LLC | ||
| F | $250,000 | DIVIDEND DECLARATION |
| DEMCO FOUNDATION INC | ||
| L | $95,626 | PERFORMANCE OF SERVICES |
| DEMCO FOUNDATION INC | ||
| Q | N/A - LESS THAN $50,000 | |
| DEMCO ENERGY SERVICES LLC | ||
| Q | $422,698 | REIMBURSEMENTS FOR EXPENSES |
| DIXIE BUSINESS DEVELOPMENT CENTER | ||
| Q | N/A - LESS THAN $50,000 | |
| DEMCO FOUNDATION INC | ||
| O | $75,157 | LABOR DISTRIBUTION |
| DEMCO ENERGY SERVICES LLC | ||
| O | $75,039 | LABOR DISTRIBUTION |
| DEMCO ENERGY SERVICES LLC | ||
| P | $207,140 | REIMBURSEMENTS FOR EXPENSES |
| DIXIE BUSINESS DEVELOPMENT CENTER | ||
| R | N/A - LESS THAN $50,000 | |
| DEMCO FOUNDATION INC | ||
| R | N/A - LESS THAN $50,000 | |
| DEMCO ENERGY SERVICES LLC | ||
| R | N/A - LESS THAN $50,000 | |