COVINGTON ELECTRIC COOPERATIVE INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- COVINGTON ELECTRIC COOPERATIVE INC (EIN 63-0462077)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-03
- IRS object ID
- 202141239349302254
- 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 | 2021-05-03T15:23:47-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631059654 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRUENLOH HARDY & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 895 | AddressLine1Txt |
| City | ROBERTSDALE | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36567 | 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 | 630462077 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COVINGTON ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COVI | BusinessNameControlTxt |
| Phone | 3342224121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18836 US HWY 84 | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36421 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES E SHORT | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 3344273515 | PhoneNum |
| Signature | 2021-04-20 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHARLES | PersonFirstNm |
| Person Last | SHORT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | COLLENA MATZ CPA | PreparerPersonNm |
| PTIN | P01417735 | PTIN |
| Phone | 2519471040 | PhoneNum |
| Preparation | 2021-04-27 | 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 | CHARLES E SHORT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18836 US HWY 84 | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36421 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $56,187,543 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.COV-ELECT.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1944 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | THE COOPERATIVE OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 76 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $54,654,184 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $54,382,852 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,846,480 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,676,484 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,278,616 | PYOtherRevenueAmt |
| CY Other Revenue | $128,207 | CYOtherRevenueAmt |
| PY Total Revenue | $57,779,280 | PYTotalRevenueAmt |
| CY Total Revenue | $56,187,543 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,865,712 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,875,868 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,516,227 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,646,219 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $50,970,259 | PYOtherExpensesAmt |
| CY Other Expenses | $48,426,820 | CYOtherExpensesAmt |
| PY Total Expenses | $54,352,198 | PYTotalExpensesAmt |
| CY Total Expenses | $52,948,907 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,427,082 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,238,636 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $177,644,857 | TotalAssetsBOYAmt |
| Total Assets EOY | $177,899,412 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $102,509,022 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $99,351,482 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,135,835 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $78,547,930 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE COOPERATIVE'S PRIMARY MISSION IS TO PROVIDE SERVICE TO ITS APPROXIMATELY 23,000 MEMBER-OWNERS IN SOUTHERN ALABAMA. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | 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 | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 76 | EmployeeCnt |
| Employment Tax Returns Filed | false | 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 | $53,627,186 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $755,666 | 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 | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | 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 | false | 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 | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIM CARTER | PersonNm |
| Phone | 3342224121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18836 US HWY 84 | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36421 | 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 |
|---|---|---|---|---|---|---|---|
| CHARLES E SHORT | |||||||
| PRESIDENT & | 55.00 | Yes (X) | $336,218 | $0 | $67,190 | ||
| KIMBERLY M CARTER | |||||||
| VP FINANCE | 50.00 | Yes (X) | $181,231 | $0 | $146,116 | ||
| BERT L CHAMPION | |||||||
| VP ENG & OPE | 50.00 | Yes (X) | $162,852 | $0 | $141,569 | ||
| MARK G PARKER | |||||||
| COO & SENIOR | 50.00 | Yes (X) | $205,071 | $0 | $85,355 | ||
| GREGORY D FLEMING | |||||||
| MEMBER SERV | 40.00 | $113,022 | $0 | $75,028 | Yes (X) | ||
| DEBBIE BUTTS | |||||||
| EXECUTIVE AS | 48.00 | $101,902 | $0 | $84,849 | Yes (X) | ||
| STEVEN WALKER | |||||||
| SYSTEM ENGIN | 50.00 | $108,685 | $0 | $56,402 | Yes (X) | ||
| MARK BENSON | |||||||
| ACCOUNTING M | 40.00 | $104,977 | $0 | $52,944 | Yes (X) | ||
| RANDALL HELMS | |||||||
| OPERATIONS M | 50.00 | $102,280 | $0 | $45,827 | Yes (X) | ||
| WILLIE B SMITH JR | |||||||
| CHAIRMAN | 4.50 | Yes (X) | $26,416 | $0 | $0 | Yes (X) | |
| WILLIAM G KING JR | |||||||
| TRUSTEE | 3.00 | $24,165 | $0 | $0 | Yes (X) | ||
| PATRICIA C JANASKY | |||||||
| TRUSTEE | 3.00 | $23,790 | $0 | $0 | Yes (X) | ||
| GARY H HARRIS | |||||||
| TRUSTEE | 3.00 | $21,915 | $0 | $0 | Yes (X) | ||
| C HEFLIN SMITH | |||||||
| VICE CHAIRMA | 3.00 | Yes (X) | $21,915 | $0 | $0 | Yes (X) | |
| JAMES F MARTIN JR | |||||||
| SECRETARY/TR | 4.00 | Yes (X) | $4,916 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,539,355 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $755,280 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | 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 | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| LEE ELECTRICAL CONSTRUCTION | ||||||
| PO BOX 55 | ABERDEEN | NC | 28315 | CONTRACT CONST | $1,749,517 | |
| HTC LLC | ||||||
| 12345 RIDGEVIEW LOOP | ANDALUSIA | AL | 36421 | CONTRACT CONST. | $1,124,335 | |
| FIBERRISE COMMUNICATION | ||||||
| 12060 COUNTY LINE RD | MADISON | AL | 35756 | BROADBAND CONST | $593,683 | SUITE J-239 |
| ASPLUNDH TREE EXPERT | ||||||
| PO BOX 532729 | ATLANTA | GA | 303532729 | ROW CLEARING | $388,967 | |
| OSMOSE UTILITIES SERVICES | ||||||
| PO BOX 117284 | ATLANTA | GA | 30368 | CONTRACT SERV | $173,574 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | $53,003,527 | $53,003,527 | |
| POLE RENTALS | $755,666 | $755,666 | |
| OTHER SALES TO MEMBERS | $623,659 | $623,659 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $54,382,852 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,676,484 | TotalRevenueColumnAmt |
| Exclusion | $1,676,484 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NON-OPERATING REVENUE | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $128,207 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $128,207 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $128,207 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,187,543 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,755,393 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,432,150 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,875,868 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,115,353 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,866 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,186,762 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,371,737 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $28,213,188 |
| DIST EXP - MAINTENANCE | $3,890,583 |
| ADMIN & GENERAL EXP | $2,709,165 |
| TAXES | $1,786,768 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,268,617 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,948,907 | 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 | $2,321,147 | BOYAmt |
| EOY | $2,620,661 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,700,000 | BOYAmt |
| EOY | $21,270,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,661,587 | BOYAmt |
| EOY | $972,213 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,223,313 | BOYAmt |
| EOY | $1,362,708 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,092,346 | BOYAmt |
| EOY | $1,858,038 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,332,538 | BOYAmt |
| EOY | $3,999,960 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $159,485,597 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,397,338 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,227,128 | BOYAmt |
| EOY | $119,088,259 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,762,372 | BOYAmt |
| EOY | $25,727,947 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,324,426 | BOYAmt |
| EOY | $999,626 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,644,857 | BOYAmt |
| EOY | $177,899,412 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,029,755 | BOYAmt |
| EOY | $11,139,610 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,052,595 | BOYAmt |
| EOY | $79,383,606 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,426,672 | BOYAmt |
| EOY | $8,828,266 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,509,022 | BOYAmt |
| EOY | $99,351,482 | 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 | $94,428 | BOYAmt |
| EOY | $96,018 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,041,407 | BOYAmt |
| EOY | $78,451,912 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,135,835 | BOYAmt |
| EOY | $78,547,930 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,644,857 | BOYAmt |
| EOY | $177,899,412 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,238,636 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $428,034 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$254,575 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $159,485,597 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $40,397,338 | DepreciationAmt |
| Book Value | $119,088,259 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $119,088,259 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS IN ASSOCIATED ORG. | Desc |
| Book Value | $25,727,947 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $25,727,947 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| BENEFITS | $3,329,866 |
| FINANCE LEASE | $2,223,637 |
| CUSTOMER DEPOSITS | $1,930,520 |
| DEFERRED CREDITS | $1,344,243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,828,266 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| CHARLES E SHORT | |||||
| PRESIDENT & CEO | $234,396 | $101,822 | $48,722 | $18,468 | $403,408 |
| KIMBERLY M CARTER | |||||
| VP FINANCE | $160,636 | $20,595 | $136,327 | $9,789 | $327,347 |
| BERT L CHAMPION | |||||
| VP ENG & OPER | $149,765 | $13,087 | $122,732 | $18,837 | $304,421 |
| MARK G PARKER | |||||
| COO & SENIOR VP | $184,346 | $20,725 | $65,550 | $19,805 | $290,426 |
| GREGORY D FLEMING | |||||
| MEMBER SERV MANAGER | $105,982 | $7,040 | $56,289 | $18,739 | $188,050 |
| DEBBIE BUTTS | |||||
| EXECUTIVE ASSISTANT | $90,660 | $11,242 | $66,926 | $17,923 | $186,751 |
| STEVEN WALKER | |||||
| SYSTEM ENGINEER | $102,383 | $6,302 | $38,344 | $18,058 | $165,087 |
| MARK BENSON | |||||
| ACCOUNTING MANAGER | $98,431 | $6,546 | $34,570 | $18,374 | $157,921 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | PART IX, LINE 4- RETIREMENT OF PATRONAGE CAPITAL CREDITS DISCLOSED REPRESENT THE RETIREMENT OF PATRONAGE CAPITAL ALLOCATED IN PRIOR YEARS WHICH WERE PAID TO MEMBERS IN THE CURRENT YEAR. |
| FORM 990, PAGE 2, PART III, LINE 4D | SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. |
| FORM 990, PAGE 6, PART VI, LINE 6 | FORM 990, PART VI, SECTION A, LINE 6: COVINGTON ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC DISTRIBUTION COOPERATIVE CONSISTING OF APPROXIMATELY 23,000 MEMBERS. EACH CUSTOMER OF THE COOPERATIVE RECEIVING ELECTRIC SERVICE IS A MEMBER. |
| FORM 990, PAGE 6, PART VI, LINE 7A | FORM 990, PART VI, SECTION A, LINE 7A: THE COOPERATIVE IS DIVIDED INTO 6 DISTRICTS. THE MEMBERS ARE ALLOWED TO VOTE FOR THE ELECTION OF A DIRECTOR FOR EACH DISTRICT. |
| FORM 990, PAGE 6, PART VI, LINE 7B | FORM 990, PART VI, SECTION A, 7B: MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BY-LAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY THE COOPERATIVE'S INDEPENDENT AUDITOR. IT IS PRESENTED FOR REVIEW BEFORE IT IS FILED. IF DISCREPANCIES ARE FOUND, CORRESPONDING CORRECTIONS ARE MADE PRIOR TO ITS FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | FORM 990, PART VI, SECTION B, LINE 12C: POLICY NO. 154, CONFLICT OF INTEREST POLICY HAS BEEN ENACTED BY THE COOPERATIVE TO OUTLINE THE CONDUCT OF TRUSTEES AND EMPLOYEES IN REGARDS TO CONFLICTS OF INTEREST. EACH TRUSTEE AND EMPLOYEE SIGNS AN AGREEMENT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | FORM 990, PART VI, SECTION B, LINE 15: SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FORM 990, PART VI, SECTION C, LINE 19: ALL NEW MEMBERS ARE PROVIDED WITH A COPY OF THE BYLAWS. THE COOPERATIVE PROVIDES ALL ACTIVE MEMBERS CONDENSED FINANCIAL STATEMENTS AT THE ANNUAL MEETING OF MEMBERS. POLICIES AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | SUBSIDIARY EARNINGS 8,833 IN OTHER EQUITIES 1,590 IN OTHER EQUITIES -264,998 TOTAL -254,575 |