WOODRUFF ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WOODRUFF ELECTRIC COOPERATIVE CORPORATION (EIN 71-0195390)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-08-25
- IRS object ID
- 202132379349300103
- Schema version
- 2020v4.0
- 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 | 2021-08-25T08:04:51-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 710818324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS SPEIGHT & NOBLE CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 17167 | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 724036721 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710195390 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOODRUFF ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WOOD | BusinessNameControlTxt |
| Phone | 8706332262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1619 | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72335 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL L SWAN | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8706332262 | PhoneNum |
| Signature | 2021-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | SWANN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFF L WICKER CPA | PreparerPersonNm |
| PTIN | P00338877 | PTIN |
| Phone | 8709325858 | PhoneNum |
| Preparation | 2021-08-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL L SWAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1619 | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 723361619 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $47,643,765 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.WOODRUFFELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 77 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,610,285 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $45,736,539 | CYProgramServiceRevenueAmt |
| PY Investment Income | $883,154 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,815,057 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,211 | PYOtherRevenueAmt |
| CY Other Revenue | $26,206 | CYOtherRevenueAmt |
| PY Total Revenue | $46,501,650 | PYTotalRevenueAmt |
| CY Total Revenue | $47,577,802 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,595,971 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,955,499 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,572,630 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,551,798 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $36,333,049 | PYOtherExpensesAmt |
| CY Other Expenses | $36,070,505 | CYOtherExpensesAmt |
| PY Total Expenses | $46,501,650 | PYTotalExpensesAmt |
| CY Total Expenses | $47,577,802 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $186,941,309 | TotalAssetsBOYAmt |
| Total Assets EOY | $209,673,969 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $104,796,387 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $122,969,407 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $82,144,922 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $86,704,562 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $47,577,802 | ExpenseAmt |
| Revenue | $45,736,539 | RevenueAmt |
| Desc | PROVIDE ELECTRICITY - RURAL AREAS | Desc |
| Total Program Service Expenses | $47,577,802 | 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 | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | 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 | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 77 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | $44,053,456 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $5,485,211 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | 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 | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| 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 | WOODRUFF ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8706332262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3201 HIGHWAY 1 NORTH | AddressLine1Txt |
| City | FORREST CITY | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72335 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| MICHAEL L SWAN | |||||||
| PRESIDENT/CE | 60.00 | Yes (X) | $212,697 | $0 | $96,410 | ||
| RONALD L COCKMON | |||||||
| VP-OFFICE SE | 50.00 | $146,684 | $0 | $79,611 | Yes (X) | ||
| JIMMY R COOK | |||||||
| VP-ENGINEERI | 45.00 | $135,179 | $0 | $64,861 | Yes (X) | ||
| GLENN M KELLEY | |||||||
| VP-INFORMATI | 45.00 | $122,204 | $0 | $68,436 | Yes (X) | ||
| TEDDY LITTLE | |||||||
| DISTRICT MAN | 40.00 | $121,251 | $0 | $66,525 | Yes (X) | ||
| RODNEY KELSO | |||||||
| VP-OPERATION | 45.00 | $120,211 | $0 | $67,102 | Yes (X) | ||
| JACK CAPERTON III | |||||||
| DIRECTOR | 18.00 | $23,681 | $0 | $0 | Yes (X) | ||
| W WAYNE BEADLES | |||||||
| DIRECTOR | 20.00 | $23,679 | $0 | $0 | Yes (X) | ||
| AB THOMPSON JR | |||||||
| DIRECTOR | 17.00 | $23,679 | $0 | $0 | Yes (X) | ||
| JERRY BROWN | |||||||
| DIRECTOR | 17.00 | $23,338 | $0 | $0 | Yes (X) | ||
| CHARLES C BURROW III | |||||||
| DIRECTOR | 17.00 | $23,326 | $0 | $0 | Yes (X) | ||
| JOE WHITTENTON III | |||||||
| DIRECTOR | 16.00 | $21,423 | $0 | $0 | Yes (X) | ||
| JIMMY N BICKERSTAFF | |||||||
| DIRECTOR | 16.00 | $20,879 | $0 | $0 | Yes (X) | ||
| JA WAMPLER | |||||||
| DIRECTOR | 20.00 | $13,110 | $0 | $0 | Yes (X) | ||
| J BYRON PONDER | |||||||
| DIRECTOR | 21.00 | $8,963 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,040,304 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $442,945 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WEST TREE SERVICE INC | |||||
| 6300 FORBING RD | LITTLE ROCK | AR | 72209 | MAINTENANCE | $1,241,657 |
| AECI CONSTRUCTION SERVICES | |||||
| PO BOX 194208 | LITTLE ROCK | AR | 72219 | SUBSTATION WORK | $826,388 |
| MS TN TRANSFORMERS INC | |||||
| PO BOX 1764 | GREENWOOD | MS | 38935 | TRANSFORMER REP | $229,736 |
| TOTH & ASSOCIATES INC | |||||
| 1550 E REPUBLIC RD | SPRINGFIELD | MO | 65804 | CONSULTING | $205,426 |
| PROGRESSIVE SOLUTIONS LLC | |||||
| 106 COLLEGE ST | MARSHALL | AR | 72650 | MAINTENANCE | $100,825 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| OPERATING REVENUES | $44,218,877 | $44,218,877 |
| G&T AND OTHER CAPITAL CREDITS | $1,517,662 | $1,517,662 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $45,736,539 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $451,819 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $451,819 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,374,453 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $11,215 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,363,238 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,363,238 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,363,238 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $80,954 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $54,748 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,206 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,206 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,577,802 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,577,802 | RelatedOrExemptFuncIncomeAmt |
| 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 | $5,955,499 | TotalAmt |
| Program Services | $5,955,499 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,775 | TotalAmt |
| Program Services | $394,775 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,157,023 | TotalAmt |
| Program Services | $5,157,023 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,477,791 | TotalAmt |
| Program Services | $26,477,791 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,930,682 | TotalAmt |
| Program Services | $3,930,682 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,662,032 | TotalAmt |
| Program Services | $5,662,032 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,577,802 | TotalAmt |
| Program Services | $47,577,802 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $670,241 | BOYAmt |
| EOY | $635,524 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,769,266 | BOYAmt |
| EOY | $32,194,574 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,665,052 | BOYAmt |
| EOY | $3,459,396 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,421,438 | BOYAmt |
| EOY | $1,249,714 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,332,707 | BOYAmt |
| EOY | $2,164,636 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $192,631,186 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,485,486 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,327,654 | BOYAmt |
| EOY | $152,145,700 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,266,642 | BOYAmt |
| EOY | $17,536,884 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488,309 | BOYAmt |
| EOY | $287,541 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,941,309 | BOYAmt |
| EOY | $209,673,969 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,791,182 | BOYAmt |
| EOY | $2,298,924 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,172,471 | BOYAmt |
| EOY | $115,288,883 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$2,167,266 | BOYAmt |
| EOY | $5,381,600 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,796,387 | BOYAmt |
| EOY | $122,969,407 | 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 | $205,610 | BOYAmt |
| EOY | $207,520 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,545,798 | BOYAmt |
| EOY | $77,498,870 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,393,514 | BOYAmt |
| EOY | $8,998,172 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,144,922 | BOYAmt |
| EOY | $86,704,562 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,941,309 | BOYAmt |
| EOY | $209,673,969 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,559,640 | 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 | $1,361,227 | OtherCostOrOtherBasisAmt |
| Book Value | $1,361,227 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,725,870 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,214,135 | DepreciationAmt |
| Book Value | $13,511,735 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,457,483 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,659,059 | DepreciationAmt |
| Book Value | $2,798,424 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $163,086,606 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,612,292 | DepreciationAmt |
| Book Value | $134,474,314 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $152,145,700 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (17 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ARKANSAS ELECTRIC COOP CORP-PATR | $12,381,304 | C |
| ARKANSAS ELECTRIC COOP INC-PATR CAP | $1,759,252 | C |
| CFC - CTC | $1,432,241 | C |
| CFC - CAPITAL CREDIT CERTIFICATE | $677,504 | C |
| FEDERATED RURAL ELECTRIC INS CORP | $416,568 | C |
| COBANK - EQUITY PATRONAGE | $369,116 | C |
| SPECIAL FUNDS | $267,469 | C |
| DIAMOND STATE NETWORKS | $160,000 | C |
| AR RURAL ELECT SELF INS TRUST | $59,169 | C |
| ERMCO PATRONAGE - AECI | $6,911 | C |
| FARMERS COOP OF LEE COUNTY - EQUITY | $3,900 | C |
| COBANK EQUITY INVESTMENT | $1,000 | C |
| CFC - MEMBERSHIP | $1,000 | C |
| NRTC - MEMBERSHIP | $1,000 | C |
| AUGUSTA IND. DEVELOPMENT CORP | $250 | C |
| AR STATE ELECT COOP-MEMBER FEE | $100 | C |
| AECI - MEMBERSHIP FEE | $100 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $17,536,884 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $1,712,526 |
| PATRONAGE CAPITAL PAYABLE | $1,427,876 |
| ACCRUED PROPERTY TAX | $1,283,297 |
| OTHER | $324,901 |
| ACCRUED STATE SALES TAX | $225,282 |
| EMPLOYEES VACATION | $206,527 |
| ACCRUED INTEREST PAYABLE | $115,892 |
| ACCUMULATED OTHER PROVISIONS | $85,299 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,381,600 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $47,577,802 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $47,577,802 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $47,577,802 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $47,577,802 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $47,577,802 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $47,577,802 | TotalExpensesPerForm990Amt |
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 (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| MICHAEL L SWAN | ||||
| PRESIDENT/CEO | $212,697 | $85,480 | $10,930 | $309,107 |
| RONALD L COCKMON | ||||
| VP-OFFICE SERVICES | $146,684 | $60,836 | $18,775 | $226,295 |
| JIMMY R COOK | ||||
| VP-ENGINEERING SVCS | $135,179 | $54,996 | $9,865 | $200,040 |
| GLENN M KELLEY | ||||
| VP-INFORMATION SERVI | $122,204 | $50,094 | $18,342 | $190,640 |
| TEDDY LITTLE | ||||
| DISTRICT MANAGER | $121,251 | $48,121 | $18,404 | $187,776 |
| RODNEY KELSO | ||||
| VP-OPERATIONS | $120,211 | $48,771 | $18,331 | $187,313 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE DOCUMENTS OR BYLAWS REGARDING COMPENSATION OF OFFICERS AND GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 11B | INTERNAL REVIEW BY ACCOUNTING STAFF, PRESIDENT/CEO, AND GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 12C | OUR POLICY REQUIRES DIRECTORS AND EMPLOYEES TO REPORT ANY POTENTIAL CONFLICT OF INTEREST. ANY OBSERVED AND NOT REPORTED CONFLICT OF INTEREST BY OTHER STAFF OR DIRECTORS WILL BE ADDRESSED FOR COMPLIANCE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE TO THE PUBLIC AT THEIR REQUEST. |
| FORM 990, PART IX, LINE 11G | COST OF POWER 20,380,199 0 0 TRANSMISSION-MAINTENANCE 24,325 0 0 DISTRIBUTION-OPERATION 4,811,374 0 0 DISTRIBUTION-MAINTENANCE 2,987,422 0 0 CUSTOMER ACCOUNTS EXPENSE 945,355 0 0 CUSTOMER SERVICES & INFO 291,232 0 0 ADMIN & GENERAL EXPENSE 2,590,788 0 0 TAXES 2,857 0 0 OTHER DEDUCTIONS -3,963 0 0 EMPLOYEE COMP REPORTED ABOVE -5,369,719 0 0 DIRECTOR COMP REPORTED ABOVE -182,079 0 0 TOTAL 26,477,791 0 0 |
| FORM 990, PART XI | RETIREMENT OF CAPITAL CREDITS, CHANGE IN MEMBERSHIPS, AND OTHER MISC. |
| FORM 990, PART XI, LINE 9 | TEMP DIFF BETWEEN ALLOCATED AND RETIRED CAP CREDIT 4,557,730 CHANGE IN MEMBERSHIPS 1,910 TOTAL 4,559,640 |