2022-10-25T14:02:48-05:00 2021-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2021-01-01 440520846 BARRY ELECTRIC COOPERATIVE INC % JENNIFER MCBROOM BARR 4178472131 PO BOX 307 CASSVILLE MO 65625 DAVID E CUPPS PRESIDENT 4176710909 2022-10-03 true DAVID E CUPPS 999009999 AMBER SHERRILL P00748683 5013721040 2 2021 2022-09-23 18:48:47Z DAVID E CUPPS 10141 EVERGREEN DRIVE CASSVILLE MO 65625 24200173 false X WWW.BARRYELECTRIC.COM X 1946 MO BARRY ELECTRIC WAS FORMED TO PROVIDE ELECTRIC SERVICE TO COOPERATIVE MEMBERS WHERE IT WAS NOT PROFITABLE ENOUGH FOR INVESTOR OWNED UTILITIES TO PROVIDE SERVICE. 9 9 46 0 703730 0 0 0 21167773 20992355 871172 691822 -3678818 447815 18360127 22131992 4448 0 2351033 2344985 2976617 2449694 0 0 0 17266415 17705353 22598513 22500032 -4238386 -368040 99799499 107010094 68075621 73901704 31723878 33108390 BARRY ELECTRIC WAS FORMED IN 1946 TO PROVIDE ELECTRIC SERVICE TO COOPERATIVE MEMBERS IN RURAL BARRY AND MCDONALD COUNTIES OF MISSOURI WHERE IT WAS NOT PROFITABLE ENOUGH FOR INVESTOR OWNED UTILITIES. BEC CURRENTLY PROVIDES SERVICE TO NEARLY 10,000 MEMBERS. false false BARRY ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 9,700 MEMBERS WITHIN APPROXIMATELY 1,091 MILES. BARRY ELECTRIC SERVES PORTIONS OF THE SOUTHERN HALF OF BARRY COUNTY AS WELL AS A FEW MEMBERS IN MCDONALD COUNTY INCLUDING THE TOWNS OF CASSVILLE, EXETER, JENKINS, SELIGMAN, WASHBURN, WHEATON AND THE SURROUNDING RURAL AREAS. false false false false false false false false false true false true false true false 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 45 0 true 46 true true true false false false false 20878771 3185262 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 true true MO X JENNIFER MCBROOM 4178472131 4015 MAIN STREET CASSVILLE MO 65625 X JENNIFER MCBROOM EXECUTIVE VICE PRESIDENT 40.0 5.0 X 140614 0 22529 TIMOTHY THOMPSON LINEMAN 50.0 0.0 X 103871 0 40279 KEVIN HOLLOWAY OPERATIONS MANAGER 50.0 0.0 X 103105 0 39780 BRIAN ROBBINS LINEMAN 50.0 0.0 X 109455 0 24301 WILLIAM WOODS LINEMAN 50.0 0.0 X 103993 0 22769 HEYLEY HUDSON CHIEF FINANCIAL OFFICER 40.0 5.0 X 35438 0 8929 DAVID CUPPS PRESIDENT 6.0 0.0 X X 4200 0 0 JAKE O'NEILL DIRECTOR 3.0 0.0 X 2400 0 0 DAVID DALTON DIRECTOR 3.0 0.0 X 2375 0 0 JASON HUDSON DIRECTOR 3.0 0.0 X 2375 0 0 KENYON ATKINSON VICE PRESIDENT 3.0 0.0 X X 2300 0 0 LEWIS ROYER SECRETARY/TREASURER 3.0 0.0 X X 2150 0 0 RONNIE THOMAS DIRECTOR 3.0 0.0 X 1925 0 0 CONNIE BUTLER DIRECTOR 3.0 0.0 X 1350 0 0 AUBREY WOLF DIRECTOR 3.0 0.0 X 1350 0 0 MARLEE EDIE DIRECTOR 3.0 0.0 X 1050 0 0 RICHARD ASBILL DIRECTOR 3.0 0.0 X 1025 0 0 618976 0 158587 5 false true false ASPLUNDH TREE EXPERT LLC 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 ROW CLEARING 1287372 KIOWA LINE BUILDERS INC PO BOX 721 TIPTON MO 65081 LINE CONSTRUCTION 566371 TRANS-TEL CENTRAL LLC 2851 N FLOOD AVE NORMAN OK 73069 FIBER CONSTRUCTION 844234 KENNY SINGER CONSTRUCTION PO BOX 631 AURORA MO 65605 ROW CLEARING 318208 POWER LINE CONSULTANTS LLC 614 WALMART DRIVE PMB 122 FARMINGTON MO 63640 LINE CONSTRUCTION 812612 5 0 SALES OF ELECTRIC ENERGY 221100 20025049 20025049 G & T CAPITAL CREDITS 221100 747183 747183 OTHER CAPITAL CREDITS 221100 130413 130413 PENALTIES 221100 72125 72125 OTHER ELECTRIC REVENUE 221000 17585 17585 20992355 709228 399426 309802 0 0 1683969 136140 2000614 -316645 136140 -180505 -316645 136140 36250 53656 -17406 -17406 -17406 0 0 0 0 0 0 16775 13911 2864 2864 MANAGEMENT FEES FROM BTS 237130 620863 620863 SOLAR FEE INCOME 900099 4050 4050 A-PRIME LLC K-1 INCOME 525990 86 86 457 457 625456 22131992 20992355 703730 435907 0 0 0 2344985 230010 0 1394117 323492 379079 122996 0 45350 80453 0 0 0 9621 54076 149413 28994 0 0 0 0 13272 1966570 0 2217078 23904 COST OF POWER 10690886 DISTRIBUTION EXPENSE 2037023 CONSUMER ACCOUNTS 345023 SOLAR EXPENSES 13059 30631 22500032 705926 697627 1688413 4702096 0 0 1551540 1362766 0 0 0 0 14360618 18287215 1837168 2166902 233391 230392 71235643 4012587 67990089 67223056 0 0 0 0 11296214 12203900 0 0 136140 136140 99799499 107010094 1627708 1820730 0 0 200200 349817 0 0 0 0 0 0 64095687 68219418 0 0 2152026 3511739 68075621 73901704 X 30417748 31541428 0 0 1306130 1566962 31723878 33108390 99799499 107010094 X -368040 -5720 1758272 X false true X true false 554664 554664 4032180 1557099 2475081 65866832 2455488 63411344 781967 781967 67223056 INVESTMENT IN ASSOCIATED ORGS. 11435784 F OTHER INVESTMENT 454006 F INVESTMENT IN CFC 314110 F 12203900 0 CONSUMER DEPOSITS 422760 DEFICIT IN INVESTMENT IN SUB 649828 DUE TO AFFILIATES 2439151 3511739 22890414 2315974 2315974 20574440 1557552 1557552 22131992 20545429 5720 397749 403469 20141960 2358072 2358072 22500032 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D UBI RENTAL EXPENSE 397,749 BOOK TO TAX DEPRECIATION DIFFERENCE 1,602,865 EQUITY IN EARNINGS OF SUBSIDIARY 315,360 --------------- TOTAL 2,315,974 FORM 990, SCHEDULE D, PART XI, LINE 4B SHARED SALARY INCOME - BTS 620,863 INTEREST INCOME - BOOK TO TAX DIFFERENCE 374,608 BOOK TO TAX LEASE PAYMENT DIFFERENCE 548,908 EXPENSES INCLUDED IN REVENUE PER AUDIT 13,087 A-PRIME LLC K-1 INCOME 86 ------------- TOTAL 1,557,552 FORM 990, SCHEDULE D, PART XII, LINE 2D UBI RENTAL EXPENSES 397,749 FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ASSIGNED TO MEMBERS 2,344,985 EXPENSES INCLUDED IN REVENUE PER AUDIT 13,087 -------------- TOTAL 2,358,072 X true true X X X false false false JENNIFER MCBROOM EXECUTIVE VICE PRESIDENT 140614 0 0 0 0 0 9932 0 12597 0 163143 0 0 0 SCHEDULE J, PART I, LINE 1A THE COOPERATIVE PAID FOR MEMBERSHIP DUES TO THE ROTARY CLUB OF CASSVILLE FOR JENNIFER MCBROOM. THE AMOUNT WAS NOT INCLUDED IN HER W-2 WAGES BECAUSE IT IS A CORPORATE MEMBERSHIP AND IS ONLY USED FOR BUSINESS PURPOSES. FORM 990, PART VI, SECTION A, LINE 6 EACH PERSON OR BUSINESS PROVIDED SERVICE BY BARRY ELECTRIC COOPERATIVE IS A MEMBER OF THE COOPERATIVE AND IS ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD IS COMPRISED OF NINE MEMBERS SERVING A THREE YEAR TERM. THREE BOARD MEMBERS COME UP FOR ELECTION EACH YEAR. EVERYONE PURCHASING ELECTRICITY FROM THE COOPERATIVE BECOMES A MEMBER OF THE COOPERATIVE WITH ALL THE RIGHTS AND RESPONSIBILITIES IT ENTAILS. MEMBERS DO NOT HAVE TO BE APPROVED PRIOR TO RECEIVING MEMBERSHIP; HOWEVER, THE BOARD APPROVES THE NEW MEMBERS FOR THE PRIOR MONTH AT THE NEXT MONTH'S MEETING AS PART OF THE CONSENT AGENDA. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE BY-LAWS MUST BE APPROVED BY A VOTE OF THE MEMBERS AT THE ANNUAL MEETING AFTER IT HAS BEEN DETERMINED THAT A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING THE TAX RETURN, THE TAX RETURN IS PRESENTED TO AND REVIEWED WITH THE GOVERNING BOARD AT A BOARD MEETING. MOTION FOR FILING OF THE TAX RETURN MUST BE MADE AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IF THERE IS A CONFLICT, THE BOARD MEMBER WILL REMOVE THEMSELVES FROM ANY DISCUSSION, AS WELL AS ANY VOTE ON THAT SITUATION. FORM 990, PART VI, SECTION B, LINES 15A & 15B THE CEO'S AND CFO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS UTILIZING SALARY DATA FROM A COMPENSATION STUDY. THE LAST APPROVAL OF COMPENSATION WAS COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 EACH PERSON OR BUSINESS WHO HAS ELECTRIC SERVICE WITH BARRY ELECTRIC COOPERATIVE HAS THE RIGHT TO ATTEND THE ANNUAL MEETING AND VOTE ON ANY BY-LAW CHANGES AND BOARD POSITIONS UP FOR ELECTION THAT YEAR. A COPY OF THE BY-LAWS ARE GIVEN TO EACH NEW MEMBER WHEN SERVICE IS SET UP OR TO CURRENT MEMBERS WHEN REQUESTED. CONFLICT OF INTEREST POLICIES ARE GIVEN ORALLY AT EACH ANNUAL MEETING AND AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. A COPY OF THE FORM 990 IS AVAILABLE TO MEMBERS ON THE WEBSITE AND AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ASSIGNABLE 2,344,985 RETIREMENT OF CAPITAL CREDITS (980,191) OTHER CHANGES 19,718 INTEREST INCLUDED ON RETURN NOT ON AUDIT (374,608) BOOK TO TAX DEPRECIATION DIFFERENCE 1,602,865 BOOK TO TAX LEASE PAYMENT DIFFERENCE (548,908) SHARED EMPLOYEE REVENUE (620,863) A-PRIME LLC K-1 INCOME (86) EQUITY IN EARNINGS OF SUBSIDIARY 315,360 ----------------- TOTAL 1,758,272 BARRY TECHNOLOGY SERVICES LLC 4015 MAIN ST PO BOX 307 CASSVILLE MO 65625 431903308 EXCESS FIBER SALE MO BARRY ELECTRIC C CORP 3853846 17668047 1.00000 true true false false false false false false false false false false false false true true false true true false BARRY TECHNOLOGY SERVICES LLC A 948334 FMV BARRY TECHNOLOGY SERVICES LLC N 397749 FMV BARRY TECHNOLOGY SERVICES LLC O 620863 FMV BARRY TECHNOLOGY SERVICES LLC Q 737312 FMV