2022-11-14T15:25:33-06:00 2021-12-31 990 2021-01-01 541978503 Touchstone Energy Cooperative Inc TOUC 7039076354 4301 Wilson Blvd Arlington VA 222031860 Digna Louis Asst Secretary/Treasurer 7039075960 2022-11-14 Digna Louis XXX-XX-XXXX 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Jana Adams 4301 Wilson Blvd Arlington VA 22203 9798586 0 X https://touchstoneenergy.com X 2000 VA Touchstone Energy Cooperative, Inc. helps its members strengthen their relationships with their member-owners. It is a national network of electric cooperatives across 45 states that provides research, communications resources, and employee training programs to help member cooperatives better engage and serve their members. As a result, Touchstone Energy members are positioned to achieve superior member-owner satisfaction and engagement to strengthen the member cooperative, the community they serve, and the electric cooperative community at large. Through access to targeted programs and a unifying, national brand, Touchstone Energy cooperatives stand out as a trusted source of power and information to their 30 million member-owners every day. 13 13 0 70 26221 0 9401529 9361202 722395 351177 116285 54198 0 32009 10240209 9798586 0 0 0 0 0 0 0 0 0 8800313 9473583 8800313 9473583 1439896 325003 9757132 11702200 1976471 3596536 7780661 8105664 Touchstone Energy is a national network of electric cooperatives that provides programs and resources that help its members strengthen relationships with their member/owners. 0 0 Conducted Research and Delivered Education Programs for Membership - In 2021, TSEC provided the membership with best practice research documents, programs to assess member satisfaction, and educational events to help improve member satisfaction and engagement. Provided Valuable Members Benefits - In 2021, The TSEC Co-op Web Builder program focused on improving the quality and security of the content management system. Member websites were converted to an updated CMS version and additional security measures were put in place. Strengthened Brand Awareness Among Consumers - In 2021, TSEC promoted electric cooperative members as the trusted and consistent source for energy and information through national, regional and local communication and education campaigns. Video, radio, print, digital and other methods were used to improve the visibility and awareness of the cooperative difference. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 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 1 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Dustin Young co NRECA 7039076554 4301 Wilson Blvd Arlington VA 222031860 X Jack Bragg Director 1.00 X X 0 0 0 Deborah Mirasola Director/President 2.00 X X 0 0 0 Jennifer Goss Director/Vice President 1.00 X X 0 0 0 Kevin Bernson Director 1.00 X 0 0 0 Jim Gossett Director 1.00 X 0 0 0 Lou Green Director 1.00 X 0 0 0 Marty Haught Director 1.00 X 0 0 0 Jeremy Richert Director 1.00 X 0 0 0 Dick Johnson Director 1.00 X 0 0 0 Tim McCarthy Asst. Secretary-Treasurer 1.00 X 0 0 0 Marty Lasure Director 1.00 X 0 0 0 Geoff Oldfather Director 1.00 X 0 0 0 Doug Tracy Director 1.00 X 0 0 0 Veneicia Lockhart Asst. Secretary-Treasurer 0.10 X 0 0 0 Jana Adams Executive Director 40.00 X 0 0 0 Jeffrey Connor Interim Executive DIrector 0.50 X 0 0 0 0 0 0 0 0 0 0 Assembly One World Trade Center Floor 67 New York NY 10007 Ad Agency 1882937 LinkedIn Corporation 62228 Collections Center Dr Chicago IL 60693 Professional development content 617100 Harvest Creative Services 1011 N Washington Ave Lansing MI 48906 Produce Advertising spots 423977 ACSI LLC 3916 Ranchero Drive Ann Arbor MI 48108 Consumer Satisfaction Surveys 302750 Appnovation USA Inc 200 Madison Avenue Suite 2100 New York NY 10016 Computer Services 212126 7 9361202 9361202 Website Design 541511 162125 162125 Professional Developme 611430 158659 158659 Co-op Connections Prog 541990 26221 26221 Other Professional Ser 541990 4172 4172 351177 54198 54198 32009 32009 9798586 379154 26221 32009 4373187 13911 15900 246710 2480852 731841 540300 53344 172489 129823 27353 Research 306869 Consulting Fees 187690 Contracted Personnel 112846 Telephone, Postage and 44017 36451 9473583 9262806 11039392 112593 387023 1139303 863518 381733 275785 9757132 11702200 129019 120611 1847452 3475925 1976471 3596536 X 0 0 0 0 7780661 8105664 7780661 8105664 9757132 11702200 325003 0 X 0 1 X 1 0 0 1 0 260390 194131 66259 385338 287624 97714 493575 381763 111812 275785 X 9798586 0 9798586 0 9798586 9473583 0 9473583 0 9473583 Part X, Line 2: TSEC has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, TSEC may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. TSEC has analyzed its tax positions taken on tax returns for all open tax years and has concluded that no additional provision or benefit exists and no amounts are recorded for interest or penalties. Form 990, Part VI, Section A, line 1a The board has an executive committee made up of the president, vice president, secretary/treasurer, second vice president, immediate past president if still a director, and an at-large director elected by the board. The executive committee is authorized to approve non-budgeted expenses up to $200,000. The Second Vice President is a non-voting member of the committee. Form 990, Part VI, Section A, line 3 TSEC has a written agreement with National Rural Electric Cooperative Association (NRECA), a seperate non-profit organization, to provide administrative and management services to TSEC. Form 990, Part VI, Section A, line 6 The members of TSEC are: 1) full members, 2) regional members, and 3) any other types or classes of membership ("associate members"), with respective rights, responsibilities, and dues as the board of directors may from time to time establish in the best interest of the organization. Form 990, Part VI, Section A, line 7a TSEC has 13 board members. They elect a President, Vice-President, Secretary/Treasurer, Assistant Treasurer, Second Vice-President and an Officer At-Large. Form 990, Part VI, Section A, line 7b The organization is incorporated under the Virginia Cooperative Associations and Non-Stock Corporations Acts. Under the organization's articles of incorporation and bylaws, there are three classes of members; full members, regional members and associate members. Full members and regional members have voting rights. Under Non-Stock Corporation Act, the members of the organization must approve a plan of merger recommended by the board or a board proposal to dissolve the organization. Additionally, the organization's bylaws require that an amendment or repeal of any bylaw must be approved by a two-thirds majority vote of the voting members. Form 990, Part VI, Section B, line 11b The Sr. Director Finance and Budget and Chief Financial Officer review Form 990 and supporting work papers in detail. The Form 990 is then provided to the TSEC Board of Directors through their electronic portal and also by email for their review and comment in advance of the return being filed. Form 990, Part VI, Section B, line 12c The policy is monitored and enforced by review of the annual conflicts disclosure forms submitted by each Board member. Additionally, legal counsel reviews the requirements of the policy with the Board at least annually and is available for questions regarding potential conflicts and policy interpretation at any time. Further, regarding the policy: --The conflict of interest policy applies to the board members --Actual conflicts are reviewed by the Board President with the assistance of legal counsel --Restrictions that may be imposed in the event of an actual conflict, depend on the magnitude of the conflict and include: prohibiting the board member with the conflict from participating in the deliberations and recusal from voting. Form 990, Part VI, Section B, line 15 Since TSEC does not have any employees, TSEC does not have a compensation determination process. The Board of Directors does approve the annual expenses paid to its outside management company via their annual budget review and approval process. Form 990, Part VI, Section C, line 19 TSEC distributes its audited financial statements and annual Form 990 tax returns to the TSEC Board of Directors. TSEC makes the Form 990 available on the member-only section of Cooperative.com. The conflict of interest policy is reviewed annually with board members.