2022-11-10T13:22:30-05:00 2022-06-30 990 2021-07-01 630264087 ARAB ELECTRIC COOPERATIVE INC % Stacey White ARAB 2565863196 PO BOX 770 ARAB AL 350160770 William Seth Selby Accountant 2022-11-10 false 2021 2022-09-23 18:48:47Z Stacey White PO BOX 770 ARAB AL 350160770 38555130 false X N A X 1947 AL Arab Electric Cooperative's most significant activities and mission include the sale of electricity at the lowest feasible rates for its membership. 9 9 37 0 0 0 0 0 34557712 37712119 47146 5076 690565 837935 35295423 38555130 0 0 2464664 2794126 191094 231981 0 0 0 32639665 35529023 35295423 38555130 0 0 50980201 58163411 10501873 15041628 40478328 43121783 Sell electricity at the lowest feasible rates to our membership. false false 0 0 0 Arab Electric Cooperative now serves 13,390 residential accounts 2,495 small commercial accounts 166 large commercial accounts as well as 151 lighting accounts for a total number of 16,202 accounts. Arab Electric Cooperative INC. has 1,237 miles of distribution line that delivers power purchased from the Tennessee Valley Authority to its members. 0 0 0 0 0 0 0 0 0 0 false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 19 0 true 37 true false false false false false false false 0 false false false false 37712119 75887 false false false X 9 9 false false false false true true true true true false false true false false false true true false X Arab Electric Cooperative 2565863196 331 S Brindlee Mtn Pkwy Arab AL 35016 Stacey White General Manager 40.00 0.00 X 131253 0 46228 Jeff Warren Trustee 1.00 0.00 X 2500 0 0 Nathan Clark Trustee 1.00 0.00 X 6000 0 0 Tyler Barnes Trustee 1.00 0.00 X 6000 0 0 Janet Bright Trustee 1.00 0.00 X 6000 0 0 Dianne Prestridge Trustee 1.00 0.00 X 6000 0 0 Christopher Hemphill Trustee 1.00 0.00 X 6000 0 0 Charlie Griffin Trustee 1.00 0.00 X 4000 0 0 Bill Stricklend Trustee 1.00 0.00 X 6000 0 0 Charles Whisenant Trustee 1.00 0.00 X 6000 0 0 Ty Smith Trustee 1.00 0.00 X 6000 0 0 185753 0 46228 1 false true false Corbitt Power and Light LLC 203 Pecan Street Albertville AL 35950 Electrical Contractors and Right - of - Way Clearing 1890483 Service Electric Company PO BOX 277790 Atlanta GA 303847990 Substation Construction 1741877 Landis Gyr Technology Inc 30000 Mill Creek Avenue Suite 100 Alpharetta GA 30022 Advanced Metering Infrastructure and Technology 547285 Fisher & Arnold Inc PO Box 1000 Memphis TN 38418 Engineering Consultants 359845 Central Service Association PO Box 3480 Tupelo MS 388033480 IT & Software Support 183732 8 0 0 0 0 0 0 0 0 Sales of Electricity 900099 37712119 37712119 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37712119 5076 0 0 5076 0 0 0 0 0 0 0 0 0 830371 0 0 0 830371 830371 0 0 830371 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Extraordinary Revenue - Restitution Payments 900099 7564 0 0 7564 0 0 0 0 0 0 0 0 0 0 0 0 7564 38555130 37712119 0 843011 0 0 0 0 0 0 2794126 0 231981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 176574 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15137 0 0 0 0 0 0 0 2260095 0 0 0 0 0 0 0 Cost of Power 26470898 0 0 0 Administrative & General 1637372 0 0 0 Taxes 1659162 0 0 0 Distribution - Ops & Maint. 2536784 0 0 0 773001 0 0 0 38555130 0 0 0 0 0 0 0 11063812 10697798 0 0 0 0 1820241 1848749 0 0 0 0 1167292 1289850 876365 1320814 2097784 2427324 63863744 27236228 31627071 36627516 958769 1062583 0 0 0 0 0 0 1368867 2888777 50980201 58163411 4974774 6064907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5527099 8976721 10501873 15041628 X 0 0 0 0 40478328 43121783 40478328 43121783 50980201 58163411 X 0 0 0 0 -150671 2794126 X false true X true false 534767 534767 63328977 27236228 36092749 36627516 Long-Term Debt 4275488 TVA Advances 1290720 Customer Deposits 3071145 Post-Retirement Benefits 339368 8976721 X 38539993 0 38539993 15137 15137 38555130 35745867 0 35745867 2809263 2809263 38555130 Part X, line 2 The Cooperative is exempt from income taxes under Internal Revenue Code Section 501 C 12. Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, line 4b Reclassification of Revenue Expense Items on the F S. $15,137 Part XII, line 4b Margins Allocated to Members: 2,794,126 Reclass of Revenue Expense items on the F S: 15,137 Total: 2,809,263 X X false false false Stacey White General Manager 131253 0 0 0 0 0 28950 0 17278 0 177481 0 0 0 Part VI, Line 6 Arab Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Part VI, Line 7a Arab Electric Cooperative's governing body consists of nine directors that are elected by the membership of the cooperative. Each director serves a three-year term and represents a certain district within the territory served by the cooperative. The terms are staggered in order for the cooperative to only have three directors up for election in any one year. Part VI, Line 7b The membership must approve decisions that involve substantial transfers of cooperative assets amendments to the cooperative's bylaws as well as other decisions requiring approval by law the articles of incorporation and or the cooperative's bylaws. Part VI, Line 11b Form 990 is distributed to the Board for review before the General Manager signs it. Voting members can request a copy of Form 990 from the Cooperative. Part VI, Line 15 Salaries for the organization's officers and the top management official General Manager are determined by the Executive Committee of the Board of Directors which then goes before the entire board as a recommendation. These salaries are also defined in part by comparison of others in the same industry and key performance indicators. Part VI, Line 19 All documents are available upon request at the Cooperative's office in Arab AL. Financial statements are made public through the Cooperative's website. Part XI, Line 9 | Description:, Explanation:, Amount:| Margins Allocated to Members, Margins Allocated to Members, $2794126| Part IX, Line 4 | Explanation:| The instructions to the form 990 indicate that organizations exempt under Section 501C12 should report patronage dividends paid to their members in part IX line 4 of the Form 990. Arab Electric Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. Arab Electric Cooperative assigns the net margins to its members each year. The amount listed in part IX Line 4 represents the net margins assigned to the members for the fiscal year.