2022-10-06T14:03:12-04:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 230329885 ADAMS ELECTRIC COOPERATIVE INC ADAM 7173349211 1338 BIGLERVILLE ROAD GETTYSBURG PA 173251055 THOMAS J KNAUB TREASURER 7173349211 2022-09-09 true THOMAS KNAUB XXX-XX-XXXX G STEVEN GILLIAM CPA P00348264 8043231313 2022-09-09 2021 2022-09-23 18:48:47Z THOMAS J KNAUB 1338 BIGLERVILLE ROAD GETTYSBURG PA 173251055 70869740 false X WWW.ADAMSEC.COOP X 1941 PA ADAMS ELECTRIC COOPERATIVE PROVIDES SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO OUR MEMBERS 9 9 80 11154 0 66887649 68157716 192867 158238 1076949 2553656 68157465 70869610 0 7995922 12217368 11532285 11915037 0 0 51427159 50761341 70955366 74893746 -2797901 -4024136 206362808 218291432 132721054 132992936 73641754 85298496 ADAMS ELECTRIC COOPERATIVE PROVIDES SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO OUR MEMBERS false false THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF ADAMS ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 35,595,822 BENEFITS PAID TO MEMBERS 12,217,368 SALARIES AND WAGES 8,325,775 false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 100 0 true 80 true true true false false false false 67501211 849731 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X THE CORPORATION 7173349211 1338 BIGLERVILLE ROAD GETTYSBURG PA 17325 X STEVEN RASMUSSEN CEO / GM 50.00 2.00 X 457445 12500 113435 LYNN WALLAS MANAGER FINA 50.00 X 226142 0 166992 MIKE FEATHERS MANAGER OPER 50.00 X 204332 0 161866 MICHAEL WARD LINE SUPERIN 50.00 X 162563 0 117895 JEFFERY TURNER MGR ENG/MECH 50.00 X 185986 0 92445 CHAD THOMAN MGR ENG/ELEC 50.00 X 193921 0 68800 KYLE SMITH MGR INFO TEC 50.00 X 201244 0 57664 GLENN E BANGE PRESIDENT 11.00 2.00 X X 10350 11700 19500 THOMAS J KNAUB TREASURER 11.00 2.00 X X 24750 9700 500 JAY E GROVE SECRETARY 11.00 2.00 X X 22800 9700 0 S EUGENE HERRITT DIRECTOR 9.00 2.00 X 19300 9200 0 NADINE M HUBNER VICE PRESIDE 11.00 X X 25200 0 0 DAVID A FREY DIRECTOR 9.00 X 19300 0 4000 DALE MYERS DIRECTOR 9.00 X 3250 0 19500 JAY HERMAN DIRECTOR 9.00 X 21500 0 0 RAY SCHWARTZ DIRECTOR 9.00 X 19350 0 0 1797433 52800 822597 42 false true false ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 TREE TRIMMING 1937022 PENN LINE SERVICE INC 300 SCOTTDALE AVE SCOTTDALE PA 15683 TREE TRIMMING 1598224 QUALITY LINES INC 2440 BRIGHT ROAD FINDLAY OH 45840 CONST. CONTRACT 1379056 EG ANDERSON INC 20820 SALEM ROAD BLAIR MILLS PA 17213 CONST. CONTRACT 1177252 TRAFFIC CONTROL SERVICES LLC 1411 STONERIDGE DR PO BOX 280 MIDDLETOWN PA 17057 FLAGGERS 619415 11 SALES OF ELECTRICITY 67501211 67501211 CONTRIB. IN AID OF CONSTR 409515 409515 PATRONAGE ALLOC. RECEIPTS 246990 246990 68157716 94064 94064 21683 936373 130 21683 936243 957926 21683 1070 935173 64174 64174 64174 64174 EQUITY EARNINGS FROM SUB 1576425 1576425 OTHER INCOME 9221 9221 LOAN GUARANTEE FEE 900099 4583 4583 5501 5501 1595730 70869610 69765045 11154 1093411 X 12217368 1173314 8325775 1663256 31943 720749 105281 1918295 135960 4561250 6540851 COST OF POWER 35595822 DISTRIBUTION MAINTENANCE 4541081 ADMIN & GENERAL 1635677 DISTRIBUTION OPERATION 1441092 -5713968 74893746 0 0 0 1983612 2181744 58707 78733 8568843 7393034 66460 17850 2233739 2263824 4997755 4355282 213415701 43717893 163049974 169697808 4138864 5715289 21264854 26587868 206362808 218291432 9158606 9865384 115459039 114169773 8103409 8957779 132721054 132992936 X 508645 484335 73133109 84814161 73641754 85298496 206362808 218291432 X -4024136 15680878 X false true X true false 213415701 43717893 169697808 169697808 PATRONAGE CAPITAL IN ASSOC ORG 24468292 C CAPITAL TERM CERTIFICATES 1192648 C OTHER INVESTMENTS 574878 F ECONOMIC DEVELOPMENT PROJECTS 298889 C OTHER INVESTMENTS 48661 C MEMBERSHIP FEES 4500 C 26587868 CAPITAL LEASES 2702201 PROV SELF FUNDED RESERVE 2096819 DEFERRED CREDITS 1286875 CONSUMER DEPOSITS 923827 ACCUM POSTRETIREMENT BEN 616591 SPECIAL FUNDS RESERVE 574878 OTHER SPECIAL DEPOSITS 431747 SCHOLARSHIP FUND 324841 8957779 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X X X X false false false STEVEN RASMUSSEN CEO / GM 420666 12500 13000 23779 102368 11067 570880 12500 LYNN WALLAS MANAGER FINANCE 198222 27920 154376 12616 393134 MIKE FEATHERS MANAGER OPERATIONS 173314 3600 27418 137571 24295 366198 MICHAEL WARD LINE SUPERINTENDENT 129979 32584 93600 24295 280458 JEFFERY TURNER MGR ENG/MECH 166172 1800 18014 63406 29039 278431 CHAD THOMAN MGR ENG/ELECTRICAL 166010 3900 24011 66442 2358 262721 KYLE SMITH MGR INFO TECHNOLOGY 169249 1700 30295 55306 2358 258908 FORM 990 FORM 990 PART IX LINE 4 - BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE CREDITED TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN ADAMS ELECTRIC COOPERATIVE'S BY-LAWS. THE COOPERATIVE IS OBLIGATED TO ALLOCATE MARGINS FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS OF SECTION 501(C)(12) ORGANIZATIONS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PAGE 6, PART VI, LINE 6 ADAMS ELECTRIC COOPERATIVE IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE CORPORATION'S BOARD OF DIRECTORS. THE BOARD HAS MONTHLY MEETINGS AND AN ANNUAL MEETING THAT IS OPEN TO THE ENTIRE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT RECEIVES AND REVIEWS A COPY OF THE 990 WITH THE GOVERNING BODY PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C DURING MEETINGS IF A BOARD MEMBER HAS A POTENTIAL CONFLICT THEY WILL EXCUSE THEMSELVES FROM VOTING ON THE PARTICULAR MATTER INVOLVING THE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BODY DOES AN ANNUAL PERFORMANCE REVIEW OF THE CEO / GM AND APPROVES THE COMPENSATION PACKAGE ASSOCIATED WITH THIS POSITION. THIS INCLUDES ANALYZING INDUSTRY DATA AND INSURING COMPENSATION FALLS WITHIN THAT DATA. FORM 990, PAGE 6, PART VI, LINE 15B THE GOVERNING BODY DOES AN ANNUAL PERFORMANCE REVIEW OF THE OFFICERS AND KEY EMPLOYEES AND APPROVES THE COMPENSATION PACKAGES. THIS INCLUDES ANALYZING INDUSTRY DATA AND INSURING COMPENSATION FALLS WITHIN THAT DATA. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERSHIP AT THE ANNUAL MEETING AND IS INCLUDED WITHIN THE 990, WHICH IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII FORM 990 PART VII COLUMN (F) INCLUDED IN FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C) IS THE ACTUARIAL INCREASE IN DEFINED BENEFIT PLANS. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE 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. FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOCATION 5,859,934 PATRONAGE DIVIDENDS PAID 12,217,368 DECREASE IN MEMBERSHIPS -24,310 CONT IN AID OF CONSTRUCTION -409,515 RETIREMENT OF CAPITAL CREDITS -1,923,859 OTHER COMPREHENSIVE INCOME -38,740 TOTAL 15,680,878 ADAMS UTILITY SERVICES COMPANY 1338 BIGLERVILLE ROAD GETTYSBURG PA 17325 232221815 HOLDING CO PA N/A true false false false false false false false false false false false false false false false true false false false ADAMS UTILITY SERVICES COMPANY P 11176 COST