MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION (EIN 74-0783753)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202313199349329876
- Schema version
- 2022v5.0
- 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 | 2023-11-15T19:38:55-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740783753 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MID-SOUTH ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Business Name Line2 | ASSOCIATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MID- | BusinessNameControlTxt |
| Phone | 9368255100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 970 | AddressLine1Txt |
| City | NAVASOTA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 778680970 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW DALLMEYER | PersonNm |
| Person Title | SR. VICE PRESIDENT | PersonTitleTxt |
| Phone | 9368255100 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANDREW | PersonFirstNm |
| Person Last | DALLMEYER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| 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 | 2023-11-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MID-SOUTH SYNERGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KERRY KELTON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 970 | AddressLine1Txt |
| City | NAVASOTA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 778680970 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $151,657,653 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MIDSOUTHSYNERGY.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 207 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$682 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $111,904,017 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $150,132,766 | CYProgramServiceRevenueAmt |
| PY Investment Income | $99,149 | PYInvestmentIncomeAmt |
| CY Investment Income | -$75,774 | CYInvestmentIncomeAmt |
| PY Other Revenue | $301,070 | PYOtherRevenueAmt |
| CY Other Revenue | $1,292,595 | CYOtherRevenueAmt |
| PY Total Revenue | $112,304,236 | PYTotalRevenueAmt |
| CY Total Revenue | $151,349,587 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $37 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $8,620,959 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $7,953,839 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,626,777 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,291,962 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $94,937,136 | PYOtherExpensesAmt |
| CY Other Expenses | $129,976,786 | CYOtherExpensesAmt |
| PY Total Expenses | $113,184,909 | PYTotalExpensesAmt |
| CY Total Expenses | $148,222,587 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$880,673 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,127,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $452,923,341 | TotalAssetsBOYAmt |
| Total Assets EOY | $514,894,894 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $320,393,784 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $369,362,840 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $132,529,557 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $145,532,054 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE COOPERATIVE'S AND ITS SUBSIDIARIES' MISSION IS TO PROVIDE QUALITY SERVICE (ELECTRICITY, WATER, WASTEWATER, INTERNET, & SOLAR) AT A REASONABLE PRICE, BRINGING VITAL SERVICES TO INCREASE BOTH THE QUALITY OF LIFE AND ECONOMIC HEALTH IN THE MID-SOUTH SYNERGY SERVICE AREA. | 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 37,252 ACTIVE SERVICES AT YEAR END. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMMUNICATIONS DIVISION:PROVIDING BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBERS. THERE WERE 11,069 SUBSCRIBERS AT YEAR END. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | 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 | 76 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 207 | 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 | $151,896,923 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,713,953 | 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 | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | Yes (1) | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDREW DALLMEYER SR VICE PRESIDENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9368255175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7625 HIGHWAY 6 | AddressLine1Txt |
| City | NAVASOTA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77868 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| PAUL MALEK | |||||||||
| DIRECTOR | 3.10 | 0.40 | Yes (X) | $13,691 | $0 | $0 | |||
| KENNETH MCDOUGALD | |||||||||
| DIRECTOR | 2.60 | Yes (X) | $13,913 | $0 | $0 | ||||
| DENNIS MCWHORTER | |||||||||
| DIRECTOR | 9.00 | Yes (X) | $42,290 | $0 | $0 | ||||
| JAMES MORRISON | |||||||||
| VICE PRESIDENT | 4.30 | Yes (X) | $18,967 | $0 | $0 | Yes (X) | |||
| ROBERT PIERCE | |||||||||
| DIRECTOR | 2.80 | 0.40 | Yes (X) | $12,916 | $0 | $0 | |||
| MARSHALL SHIRLEY | |||||||||
| PRESIDENT | 8.60 | 0.40 | Yes (X) | $36,967 | $0 | $0 | Yes (X) | ||
| RUSSELL WATSON | |||||||||
| DIRECTOR | 5.00 | 0.40 | Yes (X) | $21,411 | $0 | $0 | |||
| JACK SHEPHERD | |||||||||
| SECRETARY/TREASURER | 2.80 | 0.40 | Yes (X) | $13,932 | $0 | $0 | Yes (X) | ||
| STEVE DRIVER | |||||||||
| DIRECTOR (OCT-DEC) | 2.50 | 0.40 | Yes (X) | $2,767 | $0 | $0 | |||
| KERRY KELTON | |||||||||
| GENERAL MANAGER/CEO | 75.00 | 1.00 | $442,544 | $0 | $153,001 | Yes (X) | |||
| TROY MORRIS | |||||||||
| SR. VICE PRESIDENT | 55.00 | 1.00 | $293,535 | $0 | $131,757 | Yes (X) | |||
| MICHAEL MCDOUGALD | |||||||||
| SR. VICE PRESIDENT | 50.00 | 1.00 | $292,748 | $0 | $114,438 | Yes (X) | |||
| ANDREW DALLMEYER | |||||||||
| SR. VICE PRESIDENT | 50.00 | 1.00 | $235,612 | $0 | $96,044 | Yes (X) | |||
| RUSSELL SMITH | |||||||||
| SR. VP CORPORATE COUNSEL | 50.00 | $243,486 | $0 | $34,808 | Yes (X) | ||||
| DENNIS GILMORE | |||||||||
| SR. VICE PRESIDENT | 40.00 | $246,352 | $0 | $40,951 | Yes (X) | ||||
| DAVID WILLIAMS | |||||||||
| VP OPERATIONS | 45.00 | $227,695 | $0 | $94,824 | Yes (X) | ||||
| BRANDON NORTHCUT | |||||||||
| VP TECHNOLOGY | 50.00 | $177,221 | $0 | $62,292 | Yes (X) | ||||
| MELANIE CABALLERO | |||||||||
| VP REG COMPLIANC & CLAIMS MGMT | 55.00 | $165,440 | $0 | $86,606 | Yes (X) | ||||
| CATHY BARKER | |||||||||
| VP HUMAN RESOURCES & SAFETY | 50.00 | $152,386 | $0 | $54,707 | Yes (X) | ||||
| DIANNE SECHELSKI | |||||||||
| VP BILLING | 40.00 | $187,657 | $0 | $63,612 | Yes (X) | ||||
| MICHAEL LONG | |||||||||
| SR. MANAGER PROJECTS | 40.00 | $149,243 | $0 | $64,540 | Yes (X) | ||||
| LACY OAKS | |||||||||
| BUILDING/GROUNDS | 40.00 | $147,631 | $0 | $42,803 | Yes (X) | ||||
| KIRT WELLS | |||||||||
| SAFETY MANAGER | 40.00 | $141,089 | $0 | $46,671 | Yes (X) | ||||
| FRANCISCO REYES | |||||||||
| JOURNEYMAN II | 55.00 | $139,639 | $0 | $52,820 | Yes (X) | ||||
| JUSTIN STAPLETON | |||||||||
| VICE PRESIDENT | 40.00 | $137,623 | $0 | $54,324 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,556,755 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,194,198 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 49 | 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 |
|---|---|---|---|---|---|
| NATIONAL ON DEMAND INC | |||||
| PO BOX 2407 | BURLINGTON | NC | 27216 | SMART GRID CONSTRUCTION | $13,498,402 |
| 4C UNLIMITED | |||||
| 17734 FM 244 | IOLA | TX | 77861 | FIBER LINE WORK | $4,934,379 |
| BURLIN POWER LINES LLC | |||||
| 9225 N HWY 77 | LEXINGTON | TX | 78947 | OVERHEAD LINE CONTRACTOR | $2,642,442 |
| CONEXON LLC | |||||
| 2001 GRAND BLVD SUITE 700 | KANSAS CITY | MO | 64108 | SMART GRID CONSTRUCTION | $2,211,694 |
| BENTON TECHNICAL SERVICES INC | |||||
| PO BOX 168 | SOUTH WILMINGTON | IL | 60474 | FIBER LINE WORK | $2,012,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 35 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $136,904,844 | $136,904,844 |
| BROADBAND REVENUE | 517000 | $10,397,010 | $10,397,010 |
| PATRONAGE DIVIDENDS | 221000 | $2,149,065 | $2,149,065 |
| SERVICE FEES | 221000 | $673,512 | $673,512 |
| OTHER PROGRAM REVENUE | 221000 | $8,335 | $8,335 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $150,132,766 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $141,188 | TotalRevenueColumnAmt |
| Exclusion | $141,188 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $234,863 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,532 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $224,331 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $224,331 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $225,013 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$682 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $69,449 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $286,411 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$216,962 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$216,962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$216,962 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $12,170 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $11,123 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,047 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,047 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | POLE ATTACHMENT INCOME | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $1,067,217 | TotalRevenueColumnAmt |
| Exclusion | $1,067,217 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,067,217 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $151,349,587 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $150,141,864 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$682 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,208,405 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,953,839 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,774,570 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,379,588 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $646,725 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $874,756 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $616,323 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,583,426 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,884,927 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $90,003,569 |
| CONSUMER EXPENSE | $5,380,337 |
| DISTRIBUTION EXPENSE | $4,812,958 |
| ADMIN & GENERAL EXPENSE | $3,960,432 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,351,137 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,222,587 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,318,131 | BOYAmt |
| EOY | $2,076,011 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $412,647 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,064,132 | BOYAmt |
| EOY | $8,556,684 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,630 | BOYAmt |
| EOY | $73,630 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438,063 | BOYAmt |
| EOY | $502,323 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,304,310 | BOYAmt |
| EOY | $2,057,828 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $471,058,793 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $42,736,678 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $366,480,088 | BOYAmt |
| EOY | $428,322,115 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,678,557 | BOYAmt |
| EOY | $61,620,461 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,566,430 | BOYAmt |
| EOY | $11,273,195 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,923,341 | BOYAmt |
| EOY | $514,894,894 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,317,252 | BOYAmt |
| EOY | $15,173,045 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,434,437 | BOYAmt |
| EOY | $11,058,975 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,002 | BOYAmt |
| EOY | $29,412 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,434,381 | BOYAmt |
| EOY | $328,144,774 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,180,712 | BOYAmt |
| EOY | $14,956,634 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,393,784 | BOYAmt |
| EOY | $369,362,840 | 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 | $3,513,140 | BOYAmt |
| EOY | $3,852,935 | 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 | $129,016,417 | BOYAmt |
| EOY | $141,679,119 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,529,557 | BOYAmt |
| EOY | $145,532,054 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,923,341 | BOYAmt |
| EOY | $514,894,894 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,127,000 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $9,875,497 | 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 | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,150,867 | OtherCostOrOtherBasisAmt |
| Book Value | $8,150,867 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,397,001 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,843,823 | DepreciationAmt |
| Book Value | $24,553,178 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $296,381,008 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,892,855 | DepreciationAmt |
| Book Value | $259,488,153 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $136,129,917 | OtherCostOrOtherBasisAmt |
| Book Value | $136,129,917 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $428,322,115 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (11 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - CFC | $612,220 | C |
| PATRONAGE CAPITAL - TEC | $768,375 | C |
| PATRONAGE CAPITAL - BEPC | $35,919,205 | C |
| PATRONAGE CAPITAL - OTHER | $427,672 | C |
| CAPITAL TERM CERTIFICATES - CFC | $484,609 | C |
| COBANK E-STOCK | $7,108,505 | C |
| SCHOLARSHIP FUND | $10,412 | C |
| ECONOMIC DEVELOPMENT FUND | $10,787 | C |
| OTHER INVESTMENTS | $42,008 | C |
| INVESTMENTS IN AFFILIATED COMPANY - MSEC | $15,667,946 | C |
| INVESTMENTS IN BOND SECURITIZATION PARTNERSHIP | $568,722 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $61,620,461 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $2,916,551 |
| UNBILLED POWER COST | $2,293,000 |
| OTHER CURRENT AND ACCRUED LIABILITIES | $671,906 |
| DEFERRED CREDIT - UNCLAIMED PROPERTY | $513,336 |
| DUE TO AFFILIATED COMPANIES | $265,765 |
| ACCRUED OPERATING TAXES | $1,276,327 |
| POWER COST RECOVERY - OVERCOLLECTED | $6,314,047 |
| DEFERRED DEPOSITS | $705,702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $14,956,634 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ENERGY EFFICIENCY ASSISTANCE FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED TO ASSIST MEMBERS OF AN ELECTRIC COOPERATIVE IN REDUCING THEIR ENERGY CONSUMPTION AND ELECTRICITY BILLS. ANY AMOUNTS SO DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. |
| 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 POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART IX: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 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 IX HAS BEEN LEFT BLANK. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 (16 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KERRY KELTON | ||||||||||||||
| GENERAL MANAGER/CEO | $354,437 | $0 | $22,352 | $0 | $65,755 | $0 | $128,749 | $0 | $24,252 | $0 | $595,545 | $0 | $0 | $0 |
| TROY MORRIS | ||||||||||||||
| SR. VICE PRESIDENT | $206,805 | $0 | $27,892 | $0 | $58,838 | $0 | $105,859 | $0 | $25,898 | $0 | $425,292 | $0 | $0 | $0 |
| MICHAEL MCDOUGALD | ||||||||||||||
| SR. VICE PRESIDENT | $205,238 | $0 | $27,439 | $0 | $60,071 | $0 | $86,714 | $0 | $27,724 | $0 | $407,186 | $0 | $0 | $0 |
| ANDREW DALLMEYER | ||||||||||||||
| SR. VICE PRESIDENT | $186,709 | $0 | $25,329 | $0 | $23,574 | $0 | $70,403 | $0 | $25,641 | $0 | $331,656 | $0 | $0 | $0 |
| DAVID WILLIAMS | ||||||||||||||
| VP OPERATIONS | $155,669 | $0 | $15,433 | $0 | $56,593 | $0 | $69,475 | $0 | $25,349 | $0 | $322,519 | $0 | $0 | $0 |
| DENNIS GILMORE | ||||||||||||||
| SR. VICE PRESIDENT | $61,100 | $0 | $179,432 | $0 | $5,820 | $0 | $33,262 | $0 | $7,689 | $0 | $287,303 | $0 | $0 | $0 |
| RUSSELL SMITH | ||||||||||||||
| SR. VP CORPORATE COUNSEL | $170,884 | $0 | $26,445 | $0 | $46,157 | $0 | $34,708 | $0 | $100 | $0 | $278,294 | $0 | $0 | $0 |
| MELANIE CABALLERO | ||||||||||||||
| VP REG COMPLIANC & CLAIMS MGMT | $123,895 | $0 | $8,586 | $0 | $32,959 | $0 | $65,207 | $0 | $21,399 | $0 | $252,046 | $0 | $0 | $0 |
| DIANNE SECHELSKI | ||||||||||||||
| VP BILLING | $159,354 | $0 | $7,547 | $0 | $20,756 | $0 | $42,469 | $0 | $21,143 | $0 | $251,269 | $0 | $0 | $0 |
| BRANDON NORTHCUT | ||||||||||||||
| VP TECHNOLOGY | $137,724 | $0 | $9,376 | $0 | $30,121 | $0 | $35,926 | $0 | $26,366 | $0 | $239,513 | $0 | $0 | $0 |
| MICHAEL LONG | ||||||||||||||
| SR. MANAGER PROJECTS | $114,175 | $0 | $7,663 | $0 | $27,405 | $0 | $41,131 | $0 | $23,409 | $0 | $213,783 | $0 | $0 | $0 |
| CATHY BARKER | ||||||||||||||
| VP HUMAN RESOURCES & SAFETY | $111,470 | $0 | $7,684 | $0 | $33,232 | $0 | $30,895 | $0 | $23,812 | $0 | $207,093 | $0 | $0 | $0 |
| FRANCISCO REYES | ||||||||||||||
| JOURNEYMAN II | $120,838 | $0 | $6,010 | $0 | $12,791 | $0 | $29,483 | $0 | $23,337 | $0 | $192,459 | $0 | $0 | $0 |
| JUSTIN STAPLETON | ||||||||||||||
| VICE PRESIDENT | $112,177 | $0 | $7,631 | $0 | $17,815 | $0 | $29,757 | $0 | $24,567 | $0 | $191,947 | $0 | $0 | $0 |
| LACY OAKS | ||||||||||||||
| BUILDING/GROUNDS | $65,669 | $0 | $74,073 | $0 | $7,889 | $0 | $27,820 | $0 | $14,983 | $0 | $190,434 | $0 | $0 | $0 |
| KIRT WELLS | ||||||||||||||
| SAFETY MANAGER | $105,640 | $0 | $6,985 | $0 | $28,464 | $0 | $32,257 | $0 | $14,414 | $0 | $187,760 | $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, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. 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. KERRY KELTON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 106,861 EMPLOYER CONTRIBUTION TO 401(K) PLAN 21,888 TOTAL REPORTED IN COLUMN C $ 128,749 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (106,861) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 52,466 EXPENSE TO THE COOPERATIVE $ 74,354 TROY MORRIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 85,359 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,500 TOTAL REPORTED IN COLUMN C $ 105,859 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (85,359) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 36,530 EXPENSE TO THE COOPERATIVE $ 57,030 MICHAEL MCDOUGALD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 72,759 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,955 TOTAL REPORTED IN COLUMN C $ 86,714 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (72,759) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 36,574 EXPENSE TO THE COOPERATIVE $ 50,529 ANDREW DALLMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 52,754 EMPLOYER CONTRIBUTION TO 401(K) PLAN 17,649 TOTAL REPORTED IN COLUMN C $ 70,403 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (52,754) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,983 EXPENSE TO THE COOPERATIVE $ 50,632 DAVID WILLIAMS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,726 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,749 TOTAL REPORTED IN COLUMN C $ 69,475 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,726) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,663 EXPENSE TO THE COOPERATIVE $ 39,412 DENNIS GILMORE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,160 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,102 TOTAL REPORTED IN COLUMN C $ 33,262 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,160) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 9,634 EXPENSE TO THE COOPERATIVE $ 12,736 RUSSELL SMITH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,117 EMPLOYER CONTRIBUTION TO 401(K) PLAN 17,591 TOTAL REPORTED IN COLUMN C $ 34,708 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,117) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,803 EXPENSE TO THE COOPERATIVE $ 43,394 MELANIE CABALLERO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 52,627 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,580 TOTAL REPORTED IN COLUMN C $ 65,207 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (52,627) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,365 EXPENSE TO THE COOPERATIVE $ 34,945 DIANNE SECHELSKI: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 27,837 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,632 TOTAL REPORTED IN COLUMN C $ 42,469 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (27,837) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,848 EXPENSE TO THE COOPERATIVE $ 34,480 BRANDON NORTHCUT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 22,257 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,669 TOTAL REPORTED IN COLUMN C $ 35,926 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (22,257) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,738 EXPENSE TO THE COOPERATIVE $ 37,407 MICHAEL LONG: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,087 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,044 TOTAL REPORTED IN COLUMN C $ 41,131 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,087) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,583 EXPENSE TO THE COOPERATIVE $ 31,627 CATHY BARKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 28,948 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,947 TOTAL REPORTED IN COLUMN C $ 30,895 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (28,948) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,008 EXPENSE TO THE COOPERATIVE $ 20,955 FRANCISCO REYES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,836 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,647 TOTAL REPORTED IN COLUMN C $ 29,483 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,836) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 13,947 EXPENSE TO THE COOPERATIVE $ 25,594 JUSTIN STAPLETON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 19,518 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,239 TOTAL REPORTED IN COLUMN C $ 29,757 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (19,518) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,975 EXPENSE TO THE COOPERATIVE $ 28,214 LACY OAKS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 27,820 EMPLOYER CONTRIBUTION TO 401(K) PLAN (0) TOTAL REPORTED IN COLUMN C $ 27,820 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (27,820) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 7,814 EXPENSE TO THE COOPERATIVE $ 7,814 KIRT WELLS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 21,189 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,068 TOTAL REPORTED IN COLUMN C $ 32,257 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (21,189) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,885 EXPENSE TO THE COOPERATIVE $ 28,953 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MICHAEL MCDOUGALD | |||
| FAMILY RELATIONSHIP - DIRECTOR (K. MCDOUGALD) | $292,748 | EMPLOYMENT | 0 |
| KENNETH MCDOUGALD | |||
| FAMILY RELATIONSHIP - OFFICER (M. MCDOUGALD) | $13,913 | DIRECTOR | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (20 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I: | IN GENERAL, WHEN AN ELECTRIC COOPERATIVE BASES THE PATRONAGE DIVIDEND CALCULATION ON ITS NET BOOK INCOME/(LOSS), PAGE 1, PART I, LINE 19 - REVENUE LESS EXPENSES - WILL BE $0. FOR THE CURRENT YEAR, PAGE 1, PART I, LINE 19 REPORTS NET INCOME OF $3,127,000, WHICH IS THE INCOME STATEMENT EFFECT OF ACCRUED UNBILLED REVENUE AND POWER COST. THE GAAP BASIS FINANCIAL STATEMENTS INCLUDE AN ACCRUAL FOR UNBILLED REVENUE AND POWER COST BECAUSE THE COOPERATIVE'S BILLING CYCLE DOES NOT END ON THE LAST DAY OF THE MONTH. THEREFORE, IT HAS REVENUE IN DECEMBER OF EACH YEAR THAT IT HAS EARNED BUT WILL NOT BILL UNTIL THE FIRST BILLING CYCLE OF THE FOLLOWING YEAR. THE COOPERATIVE ESTIMATES THIS REVENUE AND RECORDS IT AS ACCRUED UNBILLED REVENUE IN ORDER TO MATCH THE REVENUE WITH THE YEAR EARNED. HOWEVER, THE COOPERATIVE ALLOCATES THE REVENUE TO MEMBERS IN THE YEAR IT IS BILLED RATHER THAN WHEN ACCRUED. THIS TIMING DIFFERENCE IS FAIR AND EQUITABLE BECAUSE IT MATCHES THE PATRONAGE DIVIDEND ALLOCATED WITH THE BILLING RECORDS USED TO ALLOCATE THE MARGINS. DUE TO THE TIMING OF WHEN THE COOPERATIVE ALLOCATES ACCRUED UNBILLED REVENUE AND POWER COST, PAGE 1, PART I, LINE 19 ANNUALLY REPORTS NET INCOME EQUAL TO THE NET INCREASE IN ACCRUED UNBILLED REVENUE AND POWER COST OR A NET LOSS EQUAL TO THE NET DECREASE IN UNBILLED REVENUE AND POWER COST. THE FOLLOWING SCHEDULE IS PROVIDED TO FURTHER EXPLAIN THE IMPACT OF THIS TRANSACTION: ADD: UNBILLED REVENUE AND POWER COST 12/31/22 $ 8,111,000 LESS: UNBILLED REVENUE AND POWER COST 12/31/21 (4,984,000) NET INCREASE IN UNBILLED REVENUE AND POWER COST $ 3,127,000 (A) - NET INCOME ON PAGE 1, PART I, LINE 19 $ 3,127,000 (B) - BENEFITS PAID TO MEMBERS (I.E. PATRONAGE DIVIDENDS), PART I, LINE 14 $ 7,953,839 2022 NET MARGIN PER FINANCIAL STATEMENTS (A + B + C) $11,080,839 |
| FORM 990, PART VI, SECTION A, LINE 2 | KENNETH MCDOUGALD, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH MICHAEL MCDOUGALD, EMPLOYEE OFFICER. |
| 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 FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, THE COOPERATIVE WILL REQUIRE THE BOARD OF DIRECTORS AND ITS OFFICERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. THE BOARD OF DIRECTORS WILL ALSO COMPLETE AND SIGN THE FORM 990 DISCLOSURE QUESTIONNAIRE. THE SIGNED COPIES WILL BE KEPT IN THE PERSONNEL FILE FOR EACH INDIVIDUAL. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS USE THE EXPERTISE OF AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVE'S IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER/CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS/CEOS FROM COOPERATIVES LOCATED IN TEXAS AND THE NATION. THE GENERAL MANAGER/CEO USES THE EXPERTISE OF AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVE'S IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT TEXAS AND THE NATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | 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. |
| FORM 990, PARTS VI & VII: | THE COOPERATIVE ANNUALLY PROVIDES EACH DIRECTOR WHO SERVED ON THE BOARD DURING THE YEAR A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE USED TO COMPLETE THE APPLICABLE QUESTIONS ON THE FORM 990 PERTAINING TO BUSINESS RELATIONSHIPS AMONG DIRECTORS, OFFICERS, AND KEY EMPLOYEES, AS WELL AS TO DETERMINE IF THERE ARE ANY TRANSACTIONS WHICH MUST BE REPORTED IN DETAIL ON SCHEDULE L - "TRANSACTIONS WITH INTERESTED PERSONS". IF THE COOPERATIVE WAS UNABLE TO OBTAIN A COMPLETED QUESTIONNAIRE, THE COOPERATIVE RELIED UPON THE COMPLETED INFORMATION FOR THE PRIOR YEAR. EMPLOYEE OFFICER DENNIS GILMORE AND KEY EMPLOYEE DIANE SECHELSKI ARE NO LONGER WITH THE COOPERATIVE AND THEIR QUESTIONNAIRES WERE NOT OBTAINED. THEREFORE, THEIR PRIOR QUESTIONNAIRE WAS RELIED UPON WHILE PREPARING THE RETURN. THERE WERE NO KNOWN CHANGES FROM 2021 TO 2022. |
| 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 AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. ALL BENEFITS ARE FOR EMPLOYEES ONLY. THE BOARD OF DIRECTORS DO NOT RECEIVE ANY OF THE BENEFITS LISTED ABOVE. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO 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 ITS MEMBERS. |
| FORM 990, PART IX: | ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITIES SERVICE (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE 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 $ 8,154,158 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (176,854) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (933,040) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 4,875,981 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 3,269,079 TOTAL WAGES ACCRUED AND/OR PAID $15,189,324 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 2,987,175 OFFICE SUPPLIES 236,576 OUTSIDE SERVICES 79,096 DIRECTORS 318,409 SAFETY/TRAINING 1,236,959 MEETINGS 101,021 REGULATORY COMMISSION EXPENSES 222,246 MAINTENANCE OF GENERAL PLANT 1,292,650 MISCELLANEOUS GENERAL EXPENSE 1,270,989 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 7,745,121 LESS: RECLASS OF TOWER EXPENSE TO PART VIII, LINE 6B (682) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (176,854) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (2,512,057) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (1,095,096) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 3,960,432 |
| 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. 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 2022 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 ARE COMPRISED OF THE FOLLOWING: INTERNET EXPENSE - MSEC $ 2,556,077 SALES 709,896 TAXES 52,550 OTHER DEDUCTIONS 32,614 TOTAL OTHER EXPENSES PER FROM 990, LINE 24E $ 3,351,137 |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN MEMBERSHIPS 339,796. NET INCOME FROM EQUITY METHOD INVESTMENTS 1,581,862. PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 7,953,839. |
| FORM 990, PART XII, LINE 2C: | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt |
|---|---|---|---|---|---|---|---|---|
| MSEC WHOLESALE SERVICES LLC | ||||||||
| 7625 HIGHWAY 6 | NAVASOTA | TX | 77868 | WHOLESALE WATER SALES | TX | MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION | ||
| MSEC COMMUNICATIONS LLC | ||||||||
| 7625 HIGHWAY 6 | NAVASOTA | TX | 77868 | INTERNET | TX | MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION | $10,460,413 | $4,435,525 |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MID-SOUTH SYNERGY CHARITABLE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7625 HWY 6 | AddressLine1Txt |
| City | NAVASOTA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77868 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274376574 | EIN |
| Primary Activities | GRANTS AND SCHOLARSHIPS | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MSEC ENTERPRISES INC & SUBSIDIARY | ||||||||||||
| PO BOX 970 | NAVASOTA | TX | 77868 | 742847683 | WATER DISTRIBUTION; RETRO FITTING METERS | TX | MID-SOUTH ELECTRIC COOPERATIVE | C | $9,979,474 | $67,450,394 | 1.00000 | Yes (1) |
| MSEC WASTE WATER | ||||||||||||
| PO BOX 970 | NAVASOTA | TX | 77868 | 843511128 | WASTE WATER (SEWER) | TX | MID-SOUTH ELECTRIC COOPERATIVE | C | $477,596 | $4,148,032 | 1.00000 | Yes (1) |
| 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 | 0 | 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 | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | 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 | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt | InvolvedInvolvedAmt |
|---|---|---|
| MID-SOUTH CHARITABLE FOUNDATION INC | ||
| O | N/A - LESS THAN $50,000 | |
| MID-SOUTH CHARITABLE FOUNDATION INC | ||
| R | BILLING & COLLECTING FOR SUB | $181,840 |
| MSEC ENTERPRISES INC & SUBSIDIARY | ||
| J | N/A - LESS THAN $50,000 | $0 |
| MSEC ENTERPRISES INC & SUBSIDIARY | ||
| K | N/A - LESS THAN $50,000 | $0 |
| MSEC ENTERPRISES INC & SUBSIDIARY | ||
| O | DIRECT LABOR $ & HOURS | $2,409,276 |
| MSEC ENTERPRISES INC & SUBSIDIARY | ||
| R | BILLING & COLLECTING FOR SUB | $13,565,866 |
| MSEC WASTERWATER | ||
| O | DIRECT LABOR $ & HOURS | $235,048 |
| MSEC COMMUNICATIONS LLC | ||
| O | DIRECT LABOR $ & HOURS | $1,296,681 |
| MSEC WASTERWATER | ||
| R | BILLING & COLLECTIONS | $475,588 |
| MSEC ENTERPRISES INC & SUBSIDIARY | ||
| L | INVOICES & OVERHEAD | $649,523 |
| MSEC WASTERWATER | ||
| L | N/A - LESS THAN $50,000 | $0 |
| MSEC COMMUNICATIONS LLC | ||
| J | INVOICES & OVERHEAD | $1,050,065 |