SEQUACHEE VALLEY ELECTRIC COOPERATIVE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SEQUACHEE VALLEY ELECTRIC COOPERATIVE (EIN 62-0352367)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2021-12-31
- IRS object ID
- 202230079349302028
- Schema version
- 2020v4.0
- 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 | 2021-12-31T13:12:22-06:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 620808829 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINNETT ASSOCIATES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 745 | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 371620745 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620352367 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEQUACHEE VALLEY ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | COOPERATIVE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEQU | BusinessNameControlTxt |
| Phone | 4238378605 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | SOUTH PITTSBURG | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37380 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL JORDAN | PersonNm |
| Person Title | BOARD CHAIRMAN | PersonTitleTxt |
| Phone | 4238378605 | PhoneNum |
| Signature | 2021-12-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | JORDAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICK R LILE | PreparerPersonNm |
| PTIN | P01067422 | PTIN |
| Phone | 9316847142 | PhoneNum |
| Preparation | 2021-12-21 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL JORDAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 19TH ST | AddressLine1Txt |
| City | TRACY CITY | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37387 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $97,074,458 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SVALLEYEC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO PROVIDE SALES OF ELECTRICITY TO MEMBERS AND PROVIDE OUR MEMBERS A MONTHLY MAGAZINE AND NEWSLETTER. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 88 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $1,659,529 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $91,032,340 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $95,029,933 | CYProgramServiceRevenueAmt |
| PY Investment Income | $531,188 | PYInvestmentIncomeAmt |
| CY Investment Income | $364,955 | CYInvestmentIncomeAmt |
| PY Other Revenue | $10 | PYOtherRevenueAmt |
| CY Other Revenue | $20,041 | CYOtherRevenueAmt |
| PY Total Revenue | $91,563,538 | PYTotalRevenueAmt |
| CY Total Revenue | $97,074,458 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,914,477 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,902,408 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $76,270,217 | PYOtherExpensesAmt |
| CY Other Expenses | $76,777,424 | CYOtherExpensesAmt |
| PY Total Expenses | $87,184,694 | PYTotalExpensesAmt |
| CY Total Expenses | $87,679,832 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,378,844 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,394,626 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $150,040,940 | TotalAssetsBOYAmt |
| Total Assets EOY | $156,994,323 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $65,793,638 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $63,416,020 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,247,302 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $93,578,303 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SVEC IS A SERVICE ORGANIZATION MEETING OUR MEMBER/CUSTOMERS' ENERGY AND COMMUNITY NEEDS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | RURAL ELECTRICITY DISTRIBUTION TO 37,049 MEMBERS LOCATED PRIMARILY IN THE SOUTHEASTERN TENNESSEE COUNTIES OF BLEDSOE, GRUNDY, MARION, AND SEQUATCHIE, BUT ALSO IN PORTIONS OF VAN BUREN, RHEA, CUMBERLAND, FRANKLIN, COFFEE, AND HAMILTON COUNTIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVISION OF BROADBAND INTERNET ACCESS, TV AND TELECOMMUNICATIONS SERVICES VIA FIBER OPTIC NETWORK TO RURAL HOMES AND BUSINESSES LOCATED IN MARION COUNTY, TENNESSEE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 93 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 88 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $88,751,989 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $371,612 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FA HATFIELD JR | PersonNm |
| Phone | 4238375050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 S CEDAR AVE | AddressLine1Txt |
| City | SOUTH PITTSBURG | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37380 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL JORDAN | |||||||||
| BOARD CHAIRM | 1.12 | 0.00 | Yes (X) | Yes (X) | $8,595 | $0 | $0 | ||
| JUDY FULTS | |||||||||
| SECRETARY/TR | 1.08 | 0.00 | Yes (X) | Yes (X) | $7,845 | $0 | $0 | ||
| WILLIAM GASTON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $6,975 | $0 | $0 | |||
| JERRY DON THOMAS | |||||||||
| DIRECTOR | 0.60 | 0.00 | Yes (X) | $6,975 | $0 | $0 | |||
| BOBBY GRAVITT JR | |||||||||
| DIRECTOR | 0.75 | 0.00 | Yes (X) | $6,720 | $0 | $0 | |||
| JOHN NALE | |||||||||
| DIRECTOR | 0.65 | 0.00 | Yes (X) | $6,540 | $0 | $0 | |||
| ROBERT SHERRILL | |||||||||
| DIRECTOR | 0.85 | 0.00 | Yes (X) | $6,540 | $0 | $0 | |||
| ROGER POWELL | |||||||||
| VICE-CHAIRMA | 0.83 | 0.00 | Yes (X) | Yes (X) | $6,540 | $0 | $0 | ||
| DANIEL DAVENPORT | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $6,540 | $0 | $0 | |||
| TRAVIS SMITH | |||||||||
| DIRECTOR | 2.20 | 0.00 | Yes (X) | $6,430 | $0 | $0 | |||
| RANDALL GILLIAM | |||||||||
| DIRECTOR | 0.67 | 0.00 | Yes (X) | $5,785 | $0 | $0 | |||
| TERRY MICHAEL PARTIN | |||||||||
| PRESIDENT/CE | 50.00 | 0.00 | Yes (X) | $257,415 | $0 | $166,974 | |||
| F A HATFIELD JR | |||||||||
| VP-ADMIN. SE | 45.00 | 0.00 | Yes (X) | $163,861 | $0 | $99,432 | |||
| DANNY KIRKENDOLL | |||||||||
| VP-ENGINEERI | 50.00 | 0.00 | $172,939 | $0 | $128,190 | Yes (X) | |||
| ANDREW R NUNLEY | |||||||||
| LINEMAN | 62.00 | 0.00 | $160,388 | $0 | $11,662 | Yes (X) | |||
| JORDAN C BROWN | |||||||||
| LINEMAN | 58.00 | 0.00 | $146,835 | $0 | $9,824 | Yes (X) | |||
| CHRISTOPHER L BROWN | |||||||||
| LINEMAN | 61.00 | 0.00 | $146,174 | $0 | $27,785 | Yes (X) | |||
| CODY W EVANS | |||||||||
| LINEMAN | 60.00 | 0.00 | $144,920 | $0 | $29,307 | Yes (X) | |||
| DANIEL P WALKER | |||||||||
| LINEMAN | 59.00 | 0.00 | $142,238 | $0 | $30,030 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,410,255 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $503,204 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LOFTIS UNDERGROUND LLC | |||||
| 1025 GREEN MEADOW RD | COOKEVILLE | TN | 38506 | FIBER OPTIC CAB | $3,419,278 |
| KGP COMPANY | |||||
| PO BOX 809017 | CHICAGO | IL | 60680 | TELECOMMUNICATI | $2,526,363 |
| HI-TECH DATA LLC | |||||
| 104 BATTLECREEK RD | SOUTH PITTSBURG | TN | 37380 | HIGH SPEED INTE | $2,107,517 |
| SERVICE ELECTRIC | |||||
| PO BOX 277790 | ATLANTA | GA | 303847790 | LINE EXTENSION | $1,914,903 |
| LEWIS TREE SERVICE INC | |||||
| PO BOX 731897 | DALLAS | TX | 753731897 | TREE TRIMMING | $1,702,589 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 37 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,659,529 | GovernmentGrantsAmt |
| Total Contributions | $1,659,529 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC SERVICE REVENUE | 221000 | $88,751,989 | $88,751,989 | |
| SERVICE REVENUE - SV CONNECT | 221000 | $4,715,618 | $4,715,618 | |
| POLE RENTAL INCOME | 531190 | $1,546,381 | $1,546,381 | |
| LEASE OF FIBER | 531190 | $15,945 | $15,945 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $95,029,933 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $319,423 | TotalRevenueColumnAmt |
| Exclusion | $319,423 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $45,532 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $45,532 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,532 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,532 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NONOPERATING REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $20,041 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,041 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,041 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97,074,458 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,533,180 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,881,749 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $842,083 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,462,575 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,334,491 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,760,172 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $503,087 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,400 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,349 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,880 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,947 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $894,029 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $421,276 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,608,489 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,889 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,156 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,776,883 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,386,604 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,381 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER PURCHASED | $62,107,478 |
| COST OF SERVICE-SV CONNEC | $1,171,470 |
| FIBER DISTRIBUTION | $669,336 |
| ALL OTHER EXPENSES | $77,857 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,679,832 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,869,462 | BOYAmt |
| EOY | $2,771,586 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,003,243 | BOYAmt |
| EOY | $10,387,547 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,868,759 | BOYAmt |
| EOY | $2,761,530 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,997,943 | BOYAmt |
| EOY | $2,920,741 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,431,092 | BOYAmt |
| EOY | $1,175,431 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,373,509 | BOYAmt |
| EOY | $887,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $232,441,284 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $101,751,394 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,990,609 | BOYAmt |
| EOY | $130,689,890 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,880 | BOYAmt |
| EOY | $960,639 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,570,443 | BOYAmt |
| EOY | $4,439,439 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,040,940 | BOYAmt |
| EOY | $156,994,323 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,897,087 | BOYAmt |
| EOY | $11,811,935 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,401,657 | BOYAmt |
| EOY | $47,102,860 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,494,894 | BOYAmt |
| EOY | $4,501,225 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,793,638 | BOYAmt |
| EOY | $63,416,020 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,247,302 | BOYAmt |
| EOY | $93,578,303 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,247,302 | BOYAmt |
| EOY | $93,578,303 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,040,940 | BOYAmt |
| EOY | $156,994,323 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $9,394,626 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$63,625 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 POL Filed | false | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NRECA ACTION COMMITTEE FOR RURAL | BusinessNameLine1Txt |
| Business Name Line2 | ELECTRIFICATION | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4301 WILSON BOULEVARD | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 530116145 | EIN |
| Contributions Rcvd Dlvr | $1,100 | ContributionsRcvdDlvrAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART I-A, LINE 1 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION COLLECTED AMOUNTS FROM INDIVIDUAL BOARD MEMBERS AND REMITTED THESE FUNDS TO THE NATIONAL RURAL ELECTRIFICATION COOPERATIVE ASSOCIATION ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A POLITICAL ACTION COMMITTEE REGISTERED WITH THE FEDERAL ELECTION COMMISSION). THE ORGANIZATION DID NOT COMMIT ANY OF ITS OPERATING FUNDS TO THIS POLITICAL ACTION COMMITTEE. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $298,555 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,175,122 | OtherCostOrOtherBasisAmt |
| Book Value | $1,473,677 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,464,886 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,739,001 | DepreciationAmt |
| Book Value | $7,725,885 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $212,249,199 | OtherCostOrOtherBasisAmt |
| Depreciation | $98,012,393 | DepreciationAmt |
| Book Value | $114,236,806 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,253,522 | OtherCostOrOtherBasisAmt |
| Book Value | $7,253,522 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $130,689,890 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $3,740,309 |
| LOAN FROM SV SERVICES | $600,000 |
| DEFERRED COMPENSATION | $160,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,501,225 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|---|
| TERRY MICHAEL PARTIN | ||||||
| PRESIDENT/CEO | $240,840 | $16,575 | $144,070 | $22,904 | $424,389 | |
| F A HATFIELD JR | ||||||
| VP-ADMIN. SERVICES | $139,209 | $15,382 | $81,736 | $17,696 | $263,293 | $9,270 |
| DANNY KIRKENDOLL | ||||||
| VP-ENGINEERING & OPE | $155,543 | $8,126 | $107,046 | $21,144 | $301,129 | $9,270 |
| ANDREW R NUNLEY | ||||||
| LINEMAN | $160,135 | $253 | $10,013 | $1,649 | $172,050 | |
| JORDAN C BROWN | ||||||
| LINEMAN | $146,644 | $191 | $8,204 | $1,620 | $156,659 | |
| CHRISTOPHER L BROWN | ||||||
| LINEMAN | $145,921 | $253 | $9,468 | $18,317 | $173,959 | |
| CODY W EVANS | ||||||
| LINEMAN | $144,637 | $283 | $9,213 | $20,094 | $174,227 | |
| DANIEL P WALKER | ||||||
| LINEMAN | $142,018 | $220 | $9,438 | $20,592 | $172,268 | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION IS A NONPROFIT ELECTRIC COOPERATIVE THAT IS MEMBER OWNED. THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS (THE GOVERNING BODY OF SVEC). |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF THE COOPERATIVE ELECT BOARD MEMBERS BASED ON WHICH DISTRICT THE MEMBER LIVES IN. BOARD MEMBERS MUST LIVE IN THE DISTRICT THEY REPRESENT AND SERVE FOUR-YEAR TERMS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD CHAIRMAN, CEO, COO AND VP OF ADMINISTRATIVE SERVICES REVIEW THE IRS FORM 990 PRIOR TO ITS ISSUANCE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE DIRECTORS ARE ASKED TO COMPLETE A SURVEY EACH YEAR TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE CHAIRMAN OF THE BOARD REVIEWS THE CEO COMPENSATION ANNUALLY TO COMPARATIVE DATA FROM COOPERATIVES FROM STATE AND NATIONAL ORGANIZATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE CEO DETERMINES THE COMPENSATION OF THE KEY EMPLOYEES BASED UPON INFORMATION OF PEER GROUPS SUPPLIED BY STATE AND NATIONAL COOPERATIVE ASSOCIATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE BYLAWS ARE AVAILABLE ON THE COOPERATIVES WEBSITE AND ARE AVAILABLE TO MEMBERS AND NONMEMBERS. OTHER INFORMATION REGARDING THE COOPERATIVE IS SENT OUT IN THE MONTHLY NEWSLETTER AND MAGAZINE. |
| FORM 990, PART XI, LINE 9 | AMORTIZATION - POSTRETIREMENT BEN. OBLIG. - HEALTH -63,625 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SVE CONNECT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 S CEDAR AVENUE | AddressLine1Txt |
| City | SOUTH PITTSBURG | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37380 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830613152 | EIN |
| Primary Activities | BROADBAND | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Total Income | $4,715,618 | TotalIncomeAmt |
| End Of Year Assets | $2,700,859 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SVEC | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SVECARES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 S CEDAR AVENUE | AddressLine1Txt |
| City | SOUTH PITTSBURG | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37380 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621816387 | EIN |
| Primary Activities | PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Business Name Line2RelatedOrganizationName/BusinessNameLine2Txt | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLALOCK PROPANE INC | |||||||||||||
| DBA SEQUACHEE VALLEY PROPANE | PO BOX 374 | SOUTH PITTSBURG | TN | 37380 | 621329899 | PROPANE GA | TN | SV SERVICE | C CORP | $1,196,727 | $1,550,546 | 1.00000 | Yes (true) |
| SEQUACHEE VALLEY SERVICES INC | |||||||||||||
| PO BOX 374 | SOUTH PITTSBURG | TN | 37380 | 621771057 | HOLDING CO | TN | SVEC | C CORP | $40,487 | $1,243,812 | 1.00000 | Yes (true) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt | Business Name Line2OtherOrganizationName/BusinessNameLine2Txt |
|---|---|---|---|
| SEQUACHEE VALLEY SERVICES INC | |||
| A | $18,700 | ACTUAL | |
| SEQUACHEE VALLEY SERVICES INC | |||
| D | $567,732 | ACTUAL | |
| BLALOCK PROPANE INC | |||
| Q | $60,244 | ACTUAL | DBA SEQUACHEE VALLEY PROPANE |
| SVECARES | |||
| R | $163,992 | VALUE OF CASH TRANSFERRED | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | SCHEDULE R, PART II, COLUMN (B) PRIMARY ACTIVITY: ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES. | ExplanationTxt |