2022-09-02T11:00:28-05:00 2021-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2021-01-01 930308755 DOUGLAS ELECTRIC COOPERATIVE INC DOUG 5416736616 PO BOX 1327 ROSEBURG OR 97470 JAMES K BROOKS GENERAL MANAGER 5416736616 2022-08-30 1 JAMES BROOKS 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2022-08-30 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEITH BROOKS PO BOX 1327 ROSEBURG OR 97470 22886786 0 X WWW.DOUGLASELECTRIC.COM X 1939 OR PROVIDE ELECTRIC SERVICE TO MEMBERS. 7 7 45 0 0 0 8111365 0 17196845 17397186 166690 376188 2089485 4858182 27564385 22631556 0 0 8156616 392597 2771602 2389425 0 0 0 14694230 15147808 25622448 17929830 1941937 4701726 63951203 72257465 29091297 32492190 34859906 39765275 PROVIDE ELECTRIC SERVICE TO MEMBERS. 0 0 SALE OF ELECTRICAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 26 0 1 45 1 0 0 0 0 0 18596853 400726 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL REINHART 5416736616 PO BOX 1327 ROSEBURG OR 97470 CAIRNS SHIRLEY SECRETARY 5.00 3.00 X X 4920 0 0 ARMSTRONG SUZETTE TREASURER 3.00 X X 4518 0 0 POAGE ROBERT VICE PRESIDENT 3.00 X X 3000 0 0 BARNES EVAN PRESIDENT 3.00 X X 3000 0 0 JACKSON BILL DIRECTOR 3.00 X 3520 0 0 NELSON TERRY DIRECTOR 3.00 X 3000 0 0 HOUSE E DAVID DIRECTOR 3.00 X 2600 0 0 CAREY WEATHERLY DIRECTOR (THRU 04/21) 3.00 X 600 0 0 BROOKS KEITH CEO 40.00 X 216378 0 60386 WESTERN DAVID CFO (THRU 12/21) 40.00 X 140715 0 43035 WAY TODD DSI MANAGER 1.00 40.00 X 0 236140 46727 UTLEY DONALD GENERAL-FOREMAN 47.00 X 180581 0 58616 SHERWOOD TODD OPERATIONS SUPERINTENDENT 40.00 X 157990 0 54284 GEORGE JASON LINEMAN-FOREMAN 47.00 X 150361 0 36297 ROBBINS NATHAN LINEMAN 47.00 X 140739 0 32299 WOODYARD SEAN LINEMAN 47.00 X 139409 0 30189 1151331 236140 361833 21 0 1 0 JENSEN'S TREE SERVICES INC PO BOX 61 WINSTON OR 97496 TREE TRIMMING 1180236 WRIGHT TREE SERVICE INC PO BOX 73553 DALLAS TX 75373 TREE TRIMMING 179023 2 ELECTRIC REVENUE 221100 17314059 17314059 RENT FROM ELECTRIC PROPERTY 221100 83127 83127 17397186 372188 372188 259230 255230 4000 4000 4000 SUBSIDIARY INCOME 221100 4701726 4701726 PATRONAGE CAPITAL CREDITS 221100 156456 156456 4858182 22631556 22172241 0 459315 392597 485072 1904353 17131 56345 740637 1843971 COST OF POWER 6774189 TRANSMISSION AND DISTRI 3288043 ADMINISTRATIVE AND GENE 1517019 TAXES - GENERAL 516306 394167 17929830 1267 1192 4669454 7423551 5752455 7136647 469737 467413 389779 427156 72754122 32633124 36371444 40120998 8478965 4160678 7818102 12519830 63951203 72257465 1357131 2223209 24154668 26881267 3579498 3387714 29091297 32492190 X 43260 42060 12508262 11889180 22308384 27834035 34859906 39765275 63951203 72257465 X 4701726 203643 X 0 1 X 1 1 1 302516 302516 1262128 1076878 185250 4380687 3737768 642919 66808791 27818478 38990313 40120998 CAPITAL TERM CERTIFICATES - NRUCFC 677701 C PATRONAGE CAPITAL - NRUCFC 384525 C PATRONAGE CAPITAL - PNGC 716910 C OTHER INVESTMENTS 2381542 C 4160678 INVESTMENT IN DSI 12519830 C 12519830 PATRONAGE CAPITAL PAYABLE 2750026 DEFERRED CREDITS 86239 POSTRETIREMENT BENEFIT OBLIGATION 258255 CONSUMER DEPOSITS 293194 3387714 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. AN EXEMPTION FROM THE STATE OF OREGON CORPORATION EXCISE TAX IS PROVIDED BY OREGON REVISED STATUTES 317.080. THE COOPERATIVE FOLLOWS FASB ASC 740-10, INCOME TAXES, WHICH RELATES TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WILL BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2021 AND 2020, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. X X X 0 0 0 WAY TODD DSI MANAGER 0 236140 0 0 0 0 0 35527 0 11200 0 282867 0 0 BROOKS KEITH CEO 216378 0 0 0 0 0 33000 0 27386 0 276764 0 0 0 UTLEY DONALD GENERAL-FOREMAN 180151 0 430 0 0 0 38598 0 20018 0 239197 0 0 0 SHERWOOD TODD OPERATIONS SUPERINTENDENT 157560 0 430 0 0 0 26377 0 27907 0 212274 0 0 0 GEORGE JASON LINEMAN-FOREMAN 149931 0 430 0 0 0 16508 0 19789 0 186658 0 0 0 WESTERN DAVID CFO (THRU 12/21) 140715 0 0 0 0 0 18738 0 24297 0 183750 0 0 0 ROBBINS NATHAN LINEMAN 140309 0 430 0 0 0 12615 0 19684 0 173038 0 0 0 WOODYARD SEAN LINEMAN 138979 0 430 0 0 0 10512 0 19677 0 169598 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERSHIP FOR ALL CUSTOMERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A COOPERATIVE FORMED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. EACH MEMBER HAS ONE VOTE TO ELECT DIRECTORS, RATIFY CHANGES TO THE COOPERATIVE'S BYLAWS, AND ANY OTHER ACTION THAT REQUIRES APPROVAL OF THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODY MAY RESERVE CERTAIN DECISIONS TO BE PUT ON A BALLOT FOR APPROVAL OF THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED AND SUBMITTED FOR REVIEW BY THE GENERAL MANAGER/CEO AND CHIEF FINANCIAL OFFICER. AFFTER REVIEW BY SENIOR MANAGEMENT, IT WAS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW VENDORS, ORGANIZATIONS AND RELATIONSHIPS ANNUALLY, AND DECLARE CONFLICTS OF INTEREST THAT ARE PROHIBITED BY COMPANY POLICY. FORM 990, PART VI, SECTION B, LINE 15 MULITIPLE EXTERNAL INDUSTRY SOURCES ARE USED FOR WAGE COMPARISON AND BENCHMARKING. CEO COMPENSATION IS BASED ON INDUSTRY COMPARISON AND INDEPENDENT SURVEYS. WAGES AND ADJUSTMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. TOP MANAGEMENT SALARIES ARE ALSO BASED ON INDUSTRY COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, BYLAWS, BOARD POLICIES, AND OTHER ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE COOPERATIVE ALSO HOLDS AN ANNUAL MEETING OF THE MEMBERSHIP AND PROVIDES FINANCIAL AND OTHER INFORMATION AT THE MEETING. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS -1,200. RETIREMENT OF CAPITAL CREDITS -479,033. DECREASE IN OCI 89,387. DONATED & DISCOUNTED CAPITAL CREDITS 201,892. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 392,597. DOUGLAS SERVICES INC 2350 NW AVIATION DR ROSEBURG OR 97470 930978241 VOICE & BROADBAND SERVICE OR DOUGLAS ELECTRIC COOPERATIVE INC C 4701726 39330479 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 DOUGLAS SERVICES INC D 4989388 FMV DOUGLAS SERVICES INC A 243303 FMV DOUGLAS SERVICES INC M 444240 FMV