NORTHFORK ELECTRIC COOPERATIVE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NORTHFORK ELECTRIC COOPERATIVE INC (EIN 73-0375288)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202243199349318484
- Schema version
- 2021v4.0
- 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 | 2022-11-15T15:31:38-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 731293012 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRISCOE BURKE & GRIGSBY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 E 51ST STREET | AddressLine1Txt |
| City | TULSA | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 741353639 | 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 | 730375288 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHFORK ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 5809283366 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400 | AddressLine1Txt |
| City | SAYRE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 736620400 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRENT MEADOR | PersonNm |
| Person Title | GENERAL MANAGER/CFO | PersonTitleTxt |
| Phone | 5809283366 | PhoneNum |
| Signature | 2022-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRENT | PersonFirstNm |
| Person Last | MEADOR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL K BURKE CPA | PreparerPersonNm |
| PTIN | P00054433 | PTIN |
| Phone | 9187498337 | PhoneNum |
| Preparation | 2022-11-10 | PreparationDt |
| 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 | BRENT MEADOR | PrincipalOfficerNm |
| Gross Receipts | $22,137,219 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NFECOOP.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 36 | TotalEmployeeCnt |
| Total Gross UBI | $48,700 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $35,273 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $18,513,576 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,863,109 | CYProgramServiceRevenueAmt |
| PY Investment Income | $24,649 | PYInvestmentIncomeAmt |
| CY Investment Income | $57,822 | CYInvestmentIncomeAmt |
| PY Other Revenue | $26,072 | PYOtherRevenueAmt |
| CY Other Revenue | $49,011 | CYOtherRevenueAmt |
| PY Total Revenue | $18,564,297 | PYTotalRevenueAmt |
| CY Total Revenue | $21,969,942 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,710,885 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,669,262 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $694,370 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $420,475 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,161,489 | PYOtherExpensesAmt |
| CY Other Expenses | $19,877,831 | CYOtherExpensesAmt |
| PY Total Expenses | $18,566,744 | PYTotalExpensesAmt |
| CY Total Expenses | $21,967,568 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,447 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,374 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $77,287,777 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,367,603 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $51,760,969 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $52,371,851 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $25,526,808 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,995,752 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $21,967,568 | ExpenseAmt |
| Desc | TO PROVIDE ELECTRICITY TO OUR MEMBERS - 6,556 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. | Desc |
| Total Program Service Expenses | $21,967,568 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | 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 | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | 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 | false | 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 | 26 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 36 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $21,495,081 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $353,220 | 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 | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | 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 | Yes (true) | 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 | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NORTHFORK ELECTRIC COOP | PersonNm |
| Phone | 5809283366 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18920 E 1170 ROAD | AddressLine1Txt |
| City | SAYRE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73662 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| BRENT MEADOR | ||||||
| GENERAL MANA | 50.00 | Yes (X) | $252,283 | $0 | $21,480 | |
| BRANDON HICKEY | ||||||
| TRUSTEE | 3.48 | $26,699 | $0 | $0 | Yes (X) | |
| BANDY SILK | ||||||
| TRUSTEE | 3.60 | $25,799 | $0 | $0 | Yes (X) | |
| BRAD HARRISON | ||||||
| TRUSTEE | 2.00 | $23,546 | $0 | $0 | Yes (X) | |
| JAMES C TAYLOR | ||||||
| PRESIDENT | 9.00 | $19,192 | $0 | $0 | Yes (X) | |
| LARRY SMITH | ||||||
| TRUSTEE | 6.00 | $17,292 | $0 | $0 | Yes (X) | |
| CHARLES L HICKEY | ||||||
| VICE PRESIDE | 12.00 | $17,242 | $0 | $0 | Yes (X) | |
| CHRIS MACKEY | ||||||
| TRUSTEE | 5.00 | $16,942 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $398,995 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $21,480 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| R&R POWERLINE CONSTRUCTION | |||||
| PO BOX 246 | SAYRE | OK | 73662 | POWER LINE CONT | $808,653 |
| HOLLIS TREE SERVICES LLC | |||||
| 224 N HUDSON ST | HOLLIS | OK | 73550 | ROW CLEARING | $150,447 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRICITY SALES | 221000 | $21,495,081 | $21,495,081 |
| PATRONAGE DIVIDENDS | 221000 | $368,028 | $368,028 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,863,109 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,227 | TotalRevenueColumnAmt |
| Exclusion | $20,227 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $311 | TotalRevenueColumnAmt |
| Exclusion | $311 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $37,595 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $37,595 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,595 | TotalRevenueColumnAmt |
| Exclusion | $37,595 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $215,977 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $167,277 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,700 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $48,700 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,969,942 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,863,109 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $48,700 | UnrelatedBusinessRevenueAmt |
| Exclusion | $58,133 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,669,262 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $420,475 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,511,873 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,917,306 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $11,606,519 |
| DISTRIBUTION | $2,763,418 |
| GENERAL & ADMINISTRATIVE | $1,099,492 |
| CONSUMER ACCOUNTS | $539,454 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $439,769 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,967,568 | 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 | $1,928,940 | BOYAmt |
| EOY | $719,806 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,647,291 | BOYAmt |
| EOY | $4,777,544 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $739,038 | BOYAmt |
| EOY | $1,023,604 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $994,211 | BOYAmt |
| EOY | $3,309,602 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $75,424,850 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,986,439 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,165,896 | BOYAmt |
| EOY | $59,438,411 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,812,401 | BOYAmt |
| EOY | $10,098,636 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,287,777 | BOYAmt |
| EOY | $79,367,603 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,777,668 | BOYAmt |
| EOY | $2,500,047 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,961,733 | BOYAmt |
| EOY | $49,871,804 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,568 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,760,969 | BOYAmt |
| EOY | $52,371,851 | 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 | $138,185 | BOYAmt |
| EOY | $139,435 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,056 | BOYAmt |
| EOY | $20,056 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,368,567 | BOYAmt |
| EOY | $26,836,261 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,526,808 | BOYAmt |
| EOY | $26,995,752 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,287,777 | BOYAmt |
| EOY | $79,367,603 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,374 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,466,570 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $175,468 | OtherCostOrOtherBasisAmt |
| Book Value | $175,468 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,063,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $921,956 | DepreciationAmt |
| Book Value | $9,141,811 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,185,615 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,064,483 | DepreciationAmt |
| Book Value | $50,121,132 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,438,411 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS IN ASSOCIATED | Desc |
| Book Value | $10,098,636 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $10,098,636 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $21,969,942 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $21,969,942 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $21,969,942 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,298,306 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $20,298,306 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,669,262 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,669,262 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $21,967,568 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501C12 OF THE IRC AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE DIVIDEND ALLOCATED 1,669,262 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRENT MEADOR | PersonNm |
| Title | GENERAL MANAGER/CFO | TitleTxt |
| Base Compensation Filing Org | $246,285 | BaseCompensationFilingOrgAmt |
| Other Compensation Filing Org | $5,998 | OtherCompensationFilingOrgAmt |
| Nontaxable Benefits Filing Org | $21,480 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $273,763 | TotalCompensationFilingOrgAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | PART II (D) NONTAXABLE BENEFITS NONTAXABLE BENEFITS PRIMARILY INCLUDE PREMIUMS PAID FOR EMPLOYEE MEDICAL, DENTAL AND PRESCRIPTION INSURANCE. BLUE CROSS BLUE SHIELD OF OKLAHOMA ADMINISTERS THESE PLANS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER HAS A RIGHT TO: RECEIVE ADEQUATE AND DEPENDABLE ELECTRIC SERVICE, BE HEARD AT MEMBER MEETINGS, RECEIVE CAPITAL CREDITS, HAVE THEIR PROPERTY TREATED WITH CARE BY COOPERATIVE EMPLOYEES, BE HEARD IF THEY HAVE A DISPUTE OR COMPLAINT, AND HAVE SERVICE WITHOUT REGARD TO RACE, COLOR, SEX, NATIONALITY, RELIGION OR MARITAL STATUS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS HAVE THE ABILITY TO ELECT THE GOVERNING BODY. TRUSTEES ARE ELECTED FOR 3-YEAR TERMS AND MUST MEET CERTAIN QUALIFICATIONS AS DEFINED BY THE COOPERATIVE BYLAWS. ELECTIONS ARE CONDUCTED AT EACH ANNUAL MEETING OF THE MEMBERS BY SECRET WRITTEN BALLOT OR IF THERE IS ONLY ONE NOMINEE AND NO MEMBERS OBJECT VOTING MAY BE CONDUCTED IN ANY OTHER PROPER MANNER. THE BOARD OF TRUSTEES APPOINTS A NOMINATING COMMITTEE WHOSE TERMS AND QUALIFICATIONS ARE DEFINED IN THE COOPERATIVE BYLAWS. MEMBERS MAY ALSO NOMINATE A CANDIDATE BY PETITION WHOSE TERMS AND QUALIFICATIONS ARE ALSO DEFINED IN THE COOPERATIVE BYLAWS. NOMINEES ARE CHOSEN AND A LIST OF NOMINATIONS MADE IS POSTED AT THE COOPERATIVE HEADQUARTERS. A NOTICE IS ALSO MAILED TO THE MEMBERS WITH THE NOTICE OF THE ANNUAL MEETING LISTING ALL NOMINEES SHOWING SEPARATELY THOSE NOMINATED BY THE COMMITTEE AND THOSE NOMINATED BY PETITION, IF ANY. AT THE ANNUAL MEETING EACH MEMBER SHALL BE ENTITLED TO CAST THE NUMBER OF VOTES WHICH CORRESPONDS TO THE TOTAL NUMBER OF TRUSTEES TO BE ELECTED, BUT NO MEMBER MAY VOTE FOR MORE THAN ONE NOMINEE FOR EACH POSITION. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE MEMBERS MUST APPROVE BY VOTE ALL TRUSTEES AS WELL AS ANY CHANGES TO THE BYLAWS AND ARTICLES OF INCORPORATION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE RETURN WAS PROVIDED AND APPROVED BY THE CURRENT BOARD MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | NORTHFORK ADMINISTRATIVE PROCEDURE, NO. 7-4; INFORMS ALL EMPLOYEES OF THE COOPERATIVE ABOUT THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION PERIODICALLY COMMUNICATES THE POLICY TO EMPLOYEES, OFFICERS AND DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION OF THE GENERAL MANAGER. |
| FORM 990, PAGE 6, PART VI, LINE 15B | GENERAL MANAGER USES STATE AND NATIONAL SALARY STUDIES OF COOPERATIVES TO ASSIST IN MAKING SALARY DECISIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST |
| FORM 990, PART VII | COLUMN (F) ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS OTHER COMPENSATION FROM THE ORGANIZATION INCLUDES NRECA RETIREMENT PLAN ESTIMATED CHANGES IN ACCRUED BENEFITS FOR LISTED PERSONS AND THAT PORTION DOES NOT REPRESENT PAYMENTS TO THOSE PERSONS DURING THE YEAR. ALL FULL-TIME EMPLOYEES WHO HAVE COMPLETED ONE YEAR'S EMPLOYMENT MAY PARTICIPATE. IT ALSO INCLUDES PREMIUMS PAID FOR EMPLOYEE MEDICAL AND PRESCRIPTION INSURANCE. BLUE CROSS BLUE SHIELD OF OKLAHOMA ADMINISTERS THESE PLANS. AS WELL AS AMOUNTS FOR DENTAL, VISION AND EMPLOYEE LIFE INSURANCE. ALL FULL-TIME EMPLOYEES BECOME ELIGIBLE TO PARTICIPATE IN THE MEDICAL PLANS UPON HIRE. FORM 990, PART VII - SUPPLEMENTAL DISCUSSION - DUTIES OF TRUSTEES TRUSTEES OF THE COOPERATIVE ARE RESPONSIBLE FOR DIRECTING THE BUSINESS AND AFFAIRS OF THE COOPERATIVE AND HAVE THE ABILITY TO EXERCISE ALL OF THE POWERS OF THE COOPERATIVE. BEING AN EFFECTIVE TRUSTEE TAKES A SIGNIFICANT TIME COMMITMENT. UPON ELECTION TO THE BOARD, TRUSTEES UNDERGO AN ORIENTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND GENERAL MANAGER TO LEARN ABOUT NFEC. THEY ARE ALSO HIGHLY ENCOURAGED TO COMPLETE THE CREDENTIALED COOPERATIVE DIRECTOR (CCD) CERTIFICATE PROGRAM AS SOON AS POSSIBLE SO THAT THEY BECOME INFORMED ON DECISIONS THAT THEY WILL BE ENCOUNTERING IN THEIR NEW POSITION. THE CCD CERTIFICATE PROGRAM INCLUDES COURSES ABOUT TRUSTEE DUTIES AND LIABILITIES, UNDERSTANDING THE ELECTRIC BUSINESS, BOARD OPERATIONS AND PROCESS, STRATEGIC PLANNING, AND FINANCIAL DECISION-MAKING. BOARD MEMBERS ARE ALSO ENCOURAGED TO EARN THE BOARD LEADERSHIP CERTIFICATE (BLC) AND DIRECTOR GOLD CREDENTIALED (DGC) CERTIFICATE TO FURTHER ENHANCE KNOWLEDGE AND TRAINING GAINED IN THE CCD PROCESS. THE BLC REQUIRES 10 ADDITIONAL COURSES ON TOPICS INCLUDING THE COOPERATIVE BUSINESS MODEL, GOVERNANCE, FINANCE, COMMUNICATIONS, TECHNOLOGY, AND RISK MANAGEMENT. THE DGC REQUIRES THREE ADDITIONAL CREDITS FROM THE BLC SERIES OF COURSES. IN ADDITION TO CONTINUE TRAINING PROGRAMS, TRUSTEES ARE EXPECTED TO ATTEND MONTHLY BOARD MEETINGS, COMMITTEE MEETINGS, ASSOCIATED ORGANIZATIONS STATEWIDE, REGIONAL OR NATIONAL MEETINGS AS NEEDED, NORTHFORK ELECTRIC'S ANNUAL MEETING, STRATEGIC PLANNING SESSIONS AND SAFETY MEETINGS. TRUSTEES ARE ALSO EXPECTED TO TAKE THE TIME TO REVIEW THEIR BOARD PACKET PRIOR TO ANY MEETINGS, FIELD PHONE CALLS AND EMAILS FROM MEMBERS, AND REVIEW INFORMATION FROM MANAGEMENT VIA EMAIL. |
| FORM 990, PART VIII | PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS THE FORM 990 INSTRUCTIONS STATE THAT THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS 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 ALLOCATED PATRONAGE CAPITAL TO AND THEREFORE OPERATES AT COST WITH ITS MEMBERS. THE COOPERATIVES TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS MEMBERS 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 MEMBERS. 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 MEMBERS AND (3) IN A FAIR AND EQUITABLE BASIS ON THE BASIS OF PATRONAGE (PURCHASES OR SALES). 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 THE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND ARE PROVIDED FOR IN THE COOPERATIVES BYLAWS. PLEASE NOTE THAT BECAUSE PATRONAGE DIVIDENDS IS THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS MEMBERS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED THE AMOUNT OF ITS MARGIN THAT HAS BEEN OR IS TO BE ALLOCATED TO THE MEMBERS SUBSEQUENT TO YEAR END. SUCH AMOUNTS ARE AN EXPENSE FOR FORM 990 REPORTING AND IS NOT AN EXPENSE FOR FINANCIAL STATEMENT PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. AS A RESULT, THE DIFFERENCE BETWEEN THE COOPERATIVES GAAP BASIS FINANCIAL STATEMENT AND THE REVENUE LESS EXPENSES REPORTED ON PART I, LINE 19 IS THE AMOUNT OF PATRONAGE DIVIDENDS REPORTS AS BENEFITS PAID TO MEMBERS. |
| FORM 990, PART XI, LINE 9 | PATRONAGE ALLOCATION 1,669,262 INCREASE IN MEMBERSHIPS 1,250 INCREASE IN OTHER EQUITIES 182,290 RETIREMENT OF CAPITAL CREDITS -383,858 EQUITY IN EARNINGS -2,374 TOTAL 1,466,570 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHFORK ENTERPRISES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 400 | AddressLine1Txt |
| City | SAYRE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73662 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 731516099 | EIN |
| Primary Activities | COMM. | PrimaryActivitiesTxt |
| Legal Domicile State | OK | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NFEC | BusinessNameLine1Txt |
| Business Name Line2 | NORTHFORK ELECTRIC COOPERATIVE INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of Total Income | $11,223 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $56,920 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | 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 | false | 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 | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | 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
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHFORK ENTERPRISES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionTypeTxt |
| Involved | $5,754 | InvolvedAmt |
| Method Of Amount Determination | ACCRUAL | MethodOfAmountDeterminationTxt |