2022-03-17T10:09:05-05:00 2021-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2021-01-01 590485704 TRI-COUNTY ELECTRIC COOPERATIVE INC TRI- 8509732285 2862 WEST US 90 MADISON FL 323410208 JULIUS HACKETT CEO 8009992285 2022-03-16 1 JULIUS HACKETT XXX-XX-XXXX CAL BRANTLEY CPA P00636393 4789293888 2022-03-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JULIUS HACKETT 2862 WEST US 90 MADISON FL 323410208 40701160 0 X WWW.TCEC.COM X 1941 FL PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS. 9 9 77 0 0 0 0 0 39646034 40635103 53683 49759 6844 6667 39706561 40691529 0 0 1480744 1507010 1084177 994770 0 0 0 37141640 38189749 39706561 40691529 0 0 99676333 102346093 61438805 63695540 38237528 38650553 PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS. 0 0 40691529 SALE OF ELECTRICITY TO COOPERATIVE MEMBERS 40691529 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 77 1 0 0 0 0 0 39857555 668547 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIUS HACKETT GENERAL MANAGER 8009992285 PO BOX 208 2862 WEST US 90 MADISON FL 323410208 BENJAMIN D BISHOP TRUSTEE 3.00 X 2600 0 0 BOBBY DODD PRESIDENT 3.00 X X 5600 0 0 CATHERINE BETHEA SECRETARY/TREASURER 3.00 X X 5600 0 0 DONNIE WALDREP VICE PRESIDENT 3.00 X X 6400 0 0 ELMER COKER TRUSTEE 3.00 X 6600 0 0 ANN HERRING TRUSTEE 3.00 X 6400 0 0 GEORGE WEBB TRUSTEE 3.00 X 5000 0 0 JOHNNY EDWARDS TRUSTEE 3.00 X 3400 0 0 JUNIOR SMITH TRUSTEE 3.00 X 5000 0 0 H JULIUS HACKETT CHIEF EXECUTIVE OFFICER 40.00 X 254630 0 64203 JEFF BREWER VP ENGINEERING 40.00 X 127039 0 67834 WENDELL WILLIAMS VP FINANCE 40.00 X 102547 0 60788 JOHN TUTEN VP OPERATIONS 40.00 X 103117 0 58473 EILEEN HERNDON VP CORPORATE SVCS 40.00 X 69039 0 40500 JOHN ANDERSON CREW LEADER 40.00 X 102979 0 19483 TONY STEPHENSON CREW LEADER 40.00 X 101403 0 43266 907354 0 354547 6 0 1 0 BRYANT TREE SERVICE INC 9368 132ND TERRACE LIVE OAK FL 32060 RIGHT OF WAY TREE CUTTING 1465338 MUSGROVE CONSTRUCTION INC 8708 US 90 LIVE OAK FL 32060 CONSTRUCTION CONTRACTOR 787507 EDKO LLC 4615 MARLENA STREET BOSSIER CITY LA 71137 BRUSH APPLICATION 109920 TRI-COUNTY UTILITIES MGMT PO BOX 360 HIGH SPRINGS FL 32655 POLE INSPECTION 107064 AUSLEY AND MCMULLEN PA PO BOX 391 TALLAHASSEE FL 32302 LEGAL SERVICES 103905 5 ELECTRICITY SALES 221000 39579237 39579237 CAPITAL CREDITS 221000 612121 612121 HOOK-UP & SERVICE CHG 221000 278318 278318 POLE RENTAL 221000 165427 165427 40635103 44803 44803 14587 9631 4956 4956 4956 MISCELLANEOUS NONPERATING INCOME 221000 6667 6667 6667 40691529 40646726 0 44803 X 1507010 994770 1920214 3551821 COST OF POWER 21921709 MAINTENANCE 4329143 OPERATIONS 2742920 GENERAL & ADMINISTRATIV 2086520 1637422 40691529 1561613 1614569 3405812 3445339 523959 820297 605446 664040 120394718 38184996 80869686 82209722 10334028 10870514 2375789 2721612 99676333 102346093 4434321 4083206 800000 55686159 57479584 1318325 1332750 61438805 63695540 X 68390 70090 0 0 38169138 38580463 38237528 38650553 99676333 102346093 X 0 413025 X X 0 1 X 1 0 120394718 38184996 82209722 82209722 PATRONAGE CAPITAL - SEMINOLE ELETRIC COOPERATIVE, INC. 8132932 C PATRONAGE CAPITAL - NRUCFC 1061303 C PATRONAGE CAPITAL - GRESCO UTILITY SUPPLY, INC. 748040 C PATRONAGE CAPITAL - FEDERATED RURAL ELECTRIC INSURANCE 417161 C PATRONAGE CAPITAL - COBANK 287078 C PATRONAGE CAPITAL - MERIDIAN COOPERATIVE 174635 C OTHER INVESTMENTS IN ASSOC. ORG. 49365 C 10870514 CONSUMER DEPOSITS 1217097 CONSUMER ADVANCES FOR CONSTRUCTION 115653 1332750 X 40691529 0 40691529 0 40691529 39184519 0 39184519 1507010 1507010 40691529 PART X, LINE 2: THE COOPERATIVE OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO OR FOR MEMBERS 1,507,010. PART I, LINE 14 - BENEFITS PAID TO OR FOR MEMBERS THE IRS REPORTING REQUIREMENTS FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4 AS AN EXPENSE IS DIFFERENT FROM THE CORPORATION'S REPORTING UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES (GAAP) FOR FINANCIAL REPORTING PURPOSES. THE CORPORATION HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART I, LINE 14 AND PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON THE 2021 MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2021, THE AMOUNT INCLUDED ON THE 2021 FORM 990 IS GENERATED USING 2021 FINANCIAL DATA AND RESULTS. X 0 0 0 H JULIUS HACKETT CHIEF EXECUTIVE OFFICER 248730 0 0 0 5900 0 35046 0 29157 0 318833 0 0 0 JEFF BREWER VP ENGINEERING 126156 0 0 0 883 0 42454 0 25380 0 194873 0 0 0 WENDELL WILLIAMS VP FINANCE 100071 0 0 0 2476 0 41560 0 19228 0 163335 0 0 0 JOHN TUTEN VP OPERATIONS 102487 0 0 0 630 0 32473 0 26000 0 161590 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUAL AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE'S BOARD OF TRUSTEES ARE ELECTED BY ITS MEMBERS. THE BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FILING REQUIREMENTS OF FORM 990 IN GENERAL AND THIS FORM 990 SPECIFICALLY WERE REVIEWED WITH THE BOARD OF TRUSTEES AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES, AND THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF TRUSTEES IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO TRUSTEE APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS 1,614,842. TRANSMISSION 22,580. FORM 990, PART XI, LINE 9: RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -1,366,597. INCREASE IN MEMBERSHIPS 1,700. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 270,912. BENEFITS PAID TO OR FOR MEMBERS 1,507,010. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS FROM THE PRIOR REPORTING YEAR.