CENTRAL RURAL ELECTRIC COOPERATIVE: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CENTRAL RURAL ELECTRIC COOPERATIVE (EIN 73-0177775)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-04
- IRS object ID
- 202223089349303502
- Schema version
- 2021v4.2
- 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 | 2022-11-04T16:59:40-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730177775 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL RURAL ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CENT | BusinessNameControlTxt |
| Phone | 8003752884 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1809 | AddressLine1Txt |
| City | STILLWATER | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74076 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROL DVORAK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8003752884 | PhoneNum |
| Signature | 2022-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CAROL | PersonFirstNm |
| Person Last | DVORAK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2022-11-03 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HUNTER ROBINSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1809 | AddressLine1Txt |
| City | STILLWATER | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74076 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,684,592 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MYCENTRAL.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 105 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $500,512 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,740 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $58,521,327 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $60,777,648 | CYProgramServiceRevenueAmt |
| PY Investment Income | $289,323 | PYInvestmentIncomeAmt |
| CY Investment Income | $257,331 | CYInvestmentIncomeAmt |
| PY Other Revenue | $154,342 | PYOtherRevenueAmt |
| CY Other Revenue | $649,606 | CYOtherRevenueAmt |
| PY Total Revenue | $58,964,992 | PYTotalRevenueAmt |
| CY Total Revenue | $61,684,585 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,975 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,746 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,686,233 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,953,994 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,608,135 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,498,152 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $46,660,649 | PYOtherExpensesAmt |
| CY Other Expenses | $50,787,022 | CYOtherExpensesAmt |
| PY Total Expenses | $58,964,992 | PYTotalExpensesAmt |
| CY Total Expenses | $63,257,914 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,573,329 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $169,524,618 | TotalAssetsBOYAmt |
| Total Assets EOY | $193,484,177 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $86,451,394 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $109,807,085 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $83,073,224 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $83,677,092 | NetAssetsOrFundBalancesEOYAmt |
| Mission | EMPOWERING OUR MEMBERS AND COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 23,212 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 112 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 105 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $59,027,688 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,829,161 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SONDRA WHITE VP OF FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4053722884 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3305 S BOOMER ROAD | AddressLine1Txt |
| City | STILLWATER | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74076 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| CAROL DVORAK | |||||||
| PRESIDENT | 11.10 | Yes (X) | Yes (X) | $30,500 | $0 | $0 | |
| JAMES WELLS | |||||||
| VICE PRESIDENT | 8.87 | Yes (X) | Yes (X) | $27,500 | $0 | $0 | |
| MARK PITTMAN | |||||||
| TRUSTEE | 8.73 | Yes (X) | $21,250 | $0 | $0 | ||
| GARY MCCUNE | |||||||
| SECRETARY/TREASURER | 6.46 | Yes (X) | Yes (X) | $21,000 | $0 | $0 | |
| STU PRESTON JAN-OCT | |||||||
| TRUSTEE | 9.14 | Yes (X) | $20,000 | $0 | $0 | ||
| BILL DAVIS | |||||||
| TRUSTEE | 7.63 | Yes (X) | $19,000 | $0 | $0 | ||
| LEN TONTZ JAN-OCT | |||||||
| TRUSTEE | 7.08 | Yes (X) | $15,500 | $0 | $0 | ||
| SID SPERRY OCT-DEC | |||||||
| TRUSTEE | 9.08 | Yes (X) | $5,000 | $0 | $0 | ||
| JOHN GREG TYTENCIZ OCT-DEC | |||||||
| TRUSTEE | 7.33 | Yes (X) | $3,500 | $0 | $0 | ||
| HUNTER ROBINSON | |||||||
| CEO | 60.00 | Yes (X) | $232,635 | $0 | $272,490 | ||
| SONDRA WHITE | |||||||
| VP OF FINANCE | 50.00 | Yes (X) | $140,314 | $0 | $42,837 | ||
| MARK PRATHER | |||||||
| PRESIDENT OF FIBER | 40.00 | $141,828 | $0 | $40,670 | Yes (X) | ||
| YUVARAJ KONDASWAMY | |||||||
| SYSTEM ENGINEER | 40.00 | $125,405 | $0 | $56,549 | Yes (X) | ||
| LEE LINSENMEYER | |||||||
| LINEMAN | 52.00 | $110,863 | $0 | $42,244 | Yes (X) | ||
| JILLIANNE TEBOW | |||||||
| VP OF BUSINESS DEV & MARKETING | 40.00 | $111,215 | $0 | $38,344 | Yes (X) | ||
| JACKIE BERNA | |||||||
| VP OF OUTSIDE FIBER PLANT | 40.00 | $111,885 | $0 | $29,334 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,137,395 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $522,468 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ERVIN CABLE CONSTRUCTION | |||||
| PO BOX 10 | STURGIS | KY | 42459 | CONSTRUCTION | $7,650,112 |
| MDR CONSTRUCTION | |||||
| 621 E BAYLIS CHAPEL RD | COLUMBIA | MS | 39429 | CONSTRUCTION | $7,273,922 |
| CONEXON LLC | |||||
| 2001 GRAND BLVD STE 700 | KANSAS CITY | OK | 64108 | CONSTRUCTION | $2,991,114 |
| RIGGS TREE SERVICE INC | |||||
| PO BOX 453225 | GROVE | OK | 74345 | TREE CLEARING | $2,615,055 |
| OSMOSE UTILITIES SERVICES INC | |||||
| PO BOX 8000560 | BUFFALO | NY | 14267 | POLE INSPECTION & RESTORATION | $1,677,891 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $57,849,132 | $57,849,132 |
| PATRONAGE DIVIDENDS | 221000 | $2,589,986 | $2,589,986 |
| SOLAR & OTHER PROGRAM REVENUE | 221000 | $176,232 | $176,232 |
| SERVICE FEES & OTHER CHARGES | 221000 | $162,298 | $162,298 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $60,777,648 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $142,183 | TotalRevenueColumnAmt |
| Exclusion | $142,183 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $70,395 | RealAmt |
| Personal | $3,240 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $70,395 | RealAmt |
| Personal | $3,240 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73,635 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $70,395 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,240 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $115,148 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $115,148 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,148 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $115,148 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $23 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $7 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|---|
| BROADBAND REVENUE | 517000 | $497,272 | $497,272 | ||
| POLE ATTACHMENT INCOME | 221000 | $67,867 | $67,867 | ||
| MISC NON-OPERATING REVENUE | 221000 | $10,816 | $10,816 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $575,955 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,684,585 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,974,023 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $500,512 | UnrelatedBusinessRevenueAmt |
| Exclusion | $210,050 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,746 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,953,994 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $851,526 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,990,417 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $919,353 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,324,877 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $411,979 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,795,780 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,468,921 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $34,060,795 |
| DISTRIBUTION EXPENSE | $6,746,640 |
| ADMIN & GENERAL EXPENSE | $1,256,668 |
| COST OF INTERNET SALES | $628,223 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $829,995 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,257,914 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,226,198 | BOYAmt |
| EOY | $2,737,140 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,220,375 | BOYAmt |
| EOY | $8,564,941 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,684,131 | BOYAmt |
| EOY | $3,475,647 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,476 | BOYAmt |
| EOY | $4,260,404 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,199,531 | BOYAmt |
| EOY | $900,635 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $206,070,782 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $72,993,008 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,291,911 | BOYAmt |
| EOY | $133,077,774 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,233,178 | BOYAmt |
| EOY | $37,294,763 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,638,818 | BOYAmt |
| EOY | $3,172,873 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,524,618 | BOYAmt |
| EOY | $193,484,177 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,689,367 | BOYAmt |
| EOY | $7,438,413 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,024,474 | BOYAmt |
| EOY | $86,550,171 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,737,553 | BOYAmt |
| EOY | $15,818,501 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,451,394 | BOYAmt |
| EOY | $109,807,085 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $819,315 | BOYAmt |
| EOY | $847,265 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,253,909 | BOYAmt |
| EOY | $82,829,827 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,073,224 | BOYAmt |
| EOY | $83,677,092 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,524,618 | BOYAmt |
| EOY | $193,484,177 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,573,329 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,177,197 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,179,946 | OtherCostOrOtherBasisAmt |
| Book Value | $1,179,946 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,677,309 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,193,491 | DepreciationAmt |
| Book Value | $13,483,818 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $152,888,109 | OtherCostOrOtherBasisAmt |
| Depreciation | $65,793,040 | DepreciationAmt |
| Book Value | $87,095,069 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,325,418 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,477 | DepreciationAmt |
| Book Value | $31,318,941 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $133,077,774 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CAPITAL TERM CERTIFICATES - CFC | $940,679 | C |
| PATRONAGE CAPITAL - CFC | $179,113 | C |
| PATRONAGE CAPITAL - KAMO POWER | $33,059,309 | C |
| PATRONAGE CAPITAL - NISC | $164,109 | C |
| PATRONAGE CAPITAL - COBANK | $486,993 | C |
| PATRONAGE CAPITAL - AECI | $1,772,558 | C |
| PATRONAGE CAPITAL - OTHER | $417,323 | C |
| NOTES RECEIVABLE-CIA INSTALL | $104,623 | C |
| INVESTMENTS IN OTHERS | $170,056 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $37,294,763 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $2,512,249 |
| CUSTOMER ADVANCES FOR CONSTRUCTION | $743,407 |
| OIL LOAD REVENUE DEFERRAL PLAN | $7,777,510 |
| DEFERRED CREDITS | $1,041,773 |
| PROVISION FOR POST-RETIREMENT BENEFIT | $3,522,469 |
| ACCOUNTS PAY - GROSS RECEIPTS TAX | $76,424 |
| OVER/UNDER COLLECTION OF POWER COSTS | $144,669 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,818,501 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,643,959 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $61,643,959 | RevenueSubtotalAmt |
| Other Revenues Not Included | $40,626 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $40,626 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $61,684,585 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $59,263,294 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $59,263,294 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,994,620 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,994,620 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $63,257,914 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE AND SUBSIDIARIES FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE AND SUBSIDIARIES DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OF NONOPERATING EXPENSES 40,626. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 3,953,994. RECLASS OF NONOPERATING EXPENSES 40,626. |
| PART IX: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
| PART XII, LINE 4B: | FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HUNTER ROBINSON | ||||||||||||||
| CEO | $207,491 | $0 | $1,000 | $0 | $24,144 | $0 | $240,388 | $0 | $32,102 | $0 | $505,125 | $0 | $0 | $0 |
| SONDRA WHITE | ||||||||||||||
| VP OF FINANCE | $138,888 | $0 | $1,000 | $0 | $426 | $0 | $30,047 | $0 | $12,790 | $0 | $183,151 | $0 | $0 | $0 |
| MARK PRATHER | ||||||||||||||
| PRESIDENT OF FIBER | $138,791 | $0 | $1,000 | $0 | $2,037 | $0 | $16,163 | $0 | $24,507 | $0 | $182,498 | $0 | $0 | $0 |
| YUVARAJ KONDASWAMY | ||||||||||||||
| SYSTEM ENGINEER | $124,007 | $0 | $1,000 | $0 | $398 | $0 | $30,582 | $0 | $25,967 | $0 | $181,954 | $0 | $0 | $0 |
| LEE LINSENMEYER | ||||||||||||||
| LINEMAN | $109,783 | $0 | $879 | $0 | $201 | $0 | $18,153 | $0 | $24,091 | $0 | $153,107 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER 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. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. HUNTER ROBINSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 233,215 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,173 TOTAL REPORTED IN COLUMN C $ 240,388 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (233,215) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,685 EXPENSE TO THE COOPERATIVE $ 69,858 SONDRA WHITE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,865 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,182 TOTAL REPORTED IN COLUMN C $ 30,047 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (25,865) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 40,298 EXPENSE TO THE COOPERATIVE $ 44,480 MARK PRATHER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 14,609 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,554 TOTAL REPORTED IN COLUMN C $ 16,163 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (14,609) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,427 EXPENSE TO THE COOPERATIVE $ 15,981 YUVARAJ KONDASWAMY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,748 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,834 TOTAL REPORTED IN COLUMN C $ 30,582 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (26,748) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 36,884 EXPENSE TO THE COOPERATIVE $ 40,718 LEE LINSENMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 15,919 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,234 TOTAL REPORTED IN COLUMN C $ 18,153 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (15,919) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,378 EXPENSE TO THE COOPERATIVE $ 22,612 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (21 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 19: | THE COOPERATIVE PROVIDES BROADBAND INTERNET SERVICES WITHIN ITS SERVICE AREA ON A NON-PATRONAGE BASIS. SUCH SERVICES ARE PROVIDED THROUGH A WHOLLY-OWNED SUBSIDIARY THAT IS TREATED AS A DISREGARDED ENTITY UNDER FEDERAL TAX LAW. BECAUSE THE LOSSES FROM THESE OPERATIONS ARE USED TO OFFSET FUTURE NET MARGINS DERIVED FROM THE SUBSIDIARY AND ARE NOT ALLOCATED TO THE MEMBERS, PART I, LINE 19 IS REFLECTIVE OF NET INCOME (LOSS) FROM THE BROADBAND OPERATIONS. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR, THE BYLAWS OF THE COOPERATIVE WERE AMENDED. MEMBERS OF THE COOPERATIVE WHO ATTENDED THE ANNUAL MEETING OF MEMBERS APPROVED PROPOSED BYLAW AMENDMENTS BY A MAJORITY VOTE. A SUMMARY OF THE AMENDMENTS IS AS FOLLOWS: ARTICLE I - MEMERSHIP SECTION 1 - REQUIREMENTS FOR MEMBERSHIP. WRITTEN APPLICATION WAS CHANGED TO APPLICATION FOR MEMBERSHIP. ARTICLE III - MEETINGS OF MEMBERS SECTION 4 - QUORUM. WAS AMMENDED TO ALLOW THE REGISTRATION OF A MEMBER TO COUNT TOWARDS THE QUORUM REQUIREMENT. SECTION 5 - VOTING. WAS AMMENDED TO ALLOW MEMBERS TO REGISTER AND CAST THE MEMBER'S BALLOT SIMULTANEOUSLY. ALSO ALLOWED REGISTRATION TO BE COUNTED AS ATTENDANCE FOR QUORUM PURPOSES. SECTION 6 - ALTERNATE FORMAT MEETING. SECTION 6 WAS ADDED TO ALLOW ALTERNATE FORMS OF MEETING. ALSO, ALLOWS MEMBER TO REGISTER AND CAST BALLOT DURING A SET PERIOD OF TIME. SECTION 7 - ORDER OF BUSINESS. WAS CHANGED FROM SECTION 6 TO SECTION 7 DUE TO NEW SECTION ADDITION. ALSO STRIKES REPORT OF NUMBER OF MEMBERS IN ATTENDANCE FOR QUORUM PURPOSES AND READING OF NOTICE OF THE MEETING AND PROOF OF THE DUE PUBLICATION OR MAILING THEREOF. CHANGES PRESENTATION AND CONSIDERATION OF REPORTS OF OFFICERS, TRUSTEES, AND COMMITTEES TO DELIVERY OF ANNUAL REPORT OF THE TREASURER. FINAL CHANGE IS MOVING READING THE UNAPPROVED MINUTES OF PREVIOUS MEETINGS AND MEMBERS TAKEN ACTION THEREOF TO DIRECTLY AFTER THE DELIVERY OF THE ANNUAL REPORT OF THE TREASURER. ARTICLE VII - NON-PROFIT OPERATION SECTION 2 - PATRONAGE CAPITAL IN CONNECTION WITH FURNISHING COOPERATIVE SERVICES. REMOVED ANY PATRON WHO DISCONTINUES COOPERATIVE SERVICES BEFORE THE END OF THE CALENDER YEAR, DONATES THAT YEAR'S ALLOCATED PATRONAGE TO THE COOPERATIVE. ADDED THE COOPERATIVE MAY NOT RETIRE CAPITAL CREDITS TO ANY MEMBER(S) THAT HAS AN ACCOUNT THAT IS PAST NINETY (90) DAYS DUE. A COMPLETE COPY OF THE COOPERATIVE'S BYLAWS CAN BE FOUND ON THEIR WEBSITE: HTTPS://WWW.MYCENTRAL.COOP/BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS BY DISTRICT. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PROVIDED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY, AND ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD AS SOON AS POSSIBLE. THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED WITH EMPLOYEES AND TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES UTILIZE INTERNAL AND/OR EXTERNAL RESOURCES WHEN DETERMINING THE COMPENSATION OF THE CEO. THE BOARD AND THE CEO UTILIZE INTERNAL AND/OR EXTERNAL RESOURCES WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. |
| FORM 990, PART VI, SECTION C, LINE 18 | ONCE THE FORM 990 FOR THE YEAR IS ELECTRONICALLY FILED, THE COOPERATIVE WILL UPLOAD A PDF COPY TO GUIDESTAR AT WWW.GUIDESTAR.ORG. THIS WILL ENSURE THAT THE PUBLIC HAS TIMELY ACCESS TO THE FORM 990. THE COOPERATIVE ALSO PROVIDES A LINK TO GUIDESTAR FROM ITS OWN WEBSITE. ENSURING A COPY OF THE FORM 990 IS UPLOADED STARTED WITH THE 2020 FORM 990. HOWEVER, UPON IMPLEMENTATION, THE COOPERATIVE ALSO UPLOADED THE 2019 FORM 990 TO GUIDESTAR SO THAT ALL YEARS SUBJECT TO PUBLIC INSPECTION ARE AVAILABLE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE'S BYLAWS AND ANNUAL REPORT ARE AVAILABLE ON ITS WEBSITE AS WELL AS A SUMMARY OF THE CURRENT YEAR REGULAR BOARD MEETINGS AT WWW.MYCENTRAL.COOP. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES ARE COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND THE INSURANCE PREMIUMS PAID FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 5,841,943 LESS: TRUSTEE FEES REPORTED ON FORMS 1099-NEC (163,250) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (315,327) PLUS: SALARIES & WAGES ALLOCATED TO NONOPERATING MARGINS 8,917 PLUS: SALARIES & WAGES CAPITALIZED DIRECTLY TO PLANT 959,096 PLUS: SALARIES & WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 254,698 TOTAL WAGES ACCRUED AND/OR PAID $ 6,586,077 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS & OTHER $ 2,279,683 OFFICE SUPPLIES 332,855 OUTSIDE SERVICES EMPLOYED 286,512 PENSIONS & BENEFITS 45,400 DUPLICATE CHARGES - CREDIT (31,764) ADVERTISING 101,735 MISCELLANEOUS GENERAL 147,785 DISTRICT & ANNUAL MEETINGS 118,484 DUES TO ASSOCIATED ORGANIZATIONS 171,890 TRUSTEES 238,305 MAINTENANCE OF GENERAL PLANT 725,772 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 4,416,657 LESS: RECLASS OF TRUSTEE FEES TO PART IX, LINE 5 (163,250) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,928,350) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (1,068,389) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,256,668 |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2021 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINE 1: | ALL GRANTS, DONATIONS, AND/OR SPONSORSHIPS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, DONATION, AND/OR SPONSORSHIP MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: BROADBAND EXPENSES - PROVISION FOR FEDERAL & STATE INCOME TAXES $ -238,425 MISCELLANEOUS NON-OPERATING EXPENSES 21,880 SALES 601,149 TAXES 71,493 CONSUMER 372,635 OTHER DEDUCTIONS 1,263 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 829,995 |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 3,953,994. PATRONAGE CAPITAL RETIRED - TOTAL -1,900,051. PATRONAGE CAPITAL RETIRED - DISCOUNT 73,400. UNCLAIMED PATRONAGE CAPITAL RETAINED PER STATE LAW 596,560. DONATED CAPITAL 22,291. NET CHANGE IN MEMBERSHIPS 27,950. OCI - PENSIONS & BENEFITS -596,947. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF TRUSTEES HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| INNOVATION POINTE LLC | |||||||||
| PO BOX 1809 | STILLWATER | OK | 74076 | 454383291 | SOFTWARE | OK | $176,232 | $1,310,915 | CENTRAL RURAL ELECTRIC COOPERATIVE INC |
| CENTRANET LLC | |||||||||
| PO BOX 1809 | STILLWATER | OK | 74076 | BROADBAND | OK | $497,272 | $1,593,935 | CENTRAL RURAL ELECTRIC COOPERATIVE INC | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL COMMUNITY FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1809 | AddressLine1Txt |
| City | STILLWATER | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74076 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204700369 | EIN |
| Primary Activities | DONATIONS | PrimaryActivitiesTxt |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL RURAL ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|
| CENTRAL COMMUNITY FOUNDATION | |
| N | N/A - LESS THAN $50,000 |
| CENTRAL COMMUNITY FOUNDATION | |
| O | N/A - LESS THAN $50,000 |
| CENTRAL COMMUNITY FOUNDATION | |
| Q | N/A - LESS THAN $50,000 |