JACKSON ENERGY COOPERATIVE CORPORAT ION INC: Form 990, tax year 2020
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- Organization
- JACKSON ENERGY COOPERATIVE CORPORAT ION INC (EIN 61-0236351)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-11
- IRS object ID
- 202141319349300524
- Schema version
- 2020v4.1
- 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 | 2021-05-11T08:13:43-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 610420207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES NALE & MATTINGLY PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 WEST MAIN STREET SUITE 1100 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40202 | 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 | 610236351 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON ENERGY COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JACK | BusinessNameControlTxt |
| Phone | 6063641000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 JACKSON ENERGY LANE | AddressLine1Txt |
| City | MCKEE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40447 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROL WRIGHT | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6063641000 | PhoneNum |
| Signature | 2021-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CAROL | PersonFirstNm |
| Person Last | WRIGHT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSEPH M LEGEL | PreparerPersonNm |
| PTIN | P00923393 | PTIN |
| Phone | 5025830248 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | CAROL WRIGHT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 JACKSON ENERGY LANE | AddressLine1Txt |
| City | MCKEE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40447 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $100,016,869 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.JACKSONENERGY.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | DISTRIBUTION SALES OF ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 113 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $425,790 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $421,290 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $99,506,456 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $94,997,463 | CYProgramServiceRevenueAmt |
| PY Investment Income | $326,936 | PYInvestmentIncomeAmt |
| CY Investment Income | $144,473 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,310,160 | PYOtherRevenueAmt |
| CY Other Revenue | $4,874,933 | CYOtherRevenueAmt |
| PY Total Revenue | $105,143,552 | PYTotalRevenueAmt |
| CY Total Revenue | $100,016,869 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $7,222,845 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $6,738,542 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,624,330 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,417,725 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $84,296,377 | PYOtherExpensesAmt |
| CY Other Expenses | $79,860,602 | CYOtherExpensesAmt |
| PY Total Expenses | $105,143,552 | PYTotalExpensesAmt |
| CY Total Expenses | $100,016,869 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $269,340,780 | TotalAssetsBOYAmt |
| Total Assets EOY | $274,076,408 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $150,297,769 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $148,824,622 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $119,043,011 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $125,251,786 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTION SALES OF ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $93,278,327 | ExpenseAmt |
| Revenue | $97,825,577 | RevenueAmt |
| Desc | PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS TO AN AVERAGE OF OVER 51,400 PER MONTH. | Desc |
| Total Program Service Expenses | $93,278,327 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 48 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 113 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $97,825,577 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,191,292 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APRIL RENNER MANAGER OF ACCTG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6063641000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 JACKSON ENERGY LANE | AddressLine1Txt |
| City | MCKEE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40447 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| TIM BOBROWSKI | |||||||||
| DIRECTOR | 4.00 | Yes (X) | $14,600 | $0 | $0 | ||||
| KEITH BINDER | |||||||||
| SECRETARY-TREAS | 3.40 | Yes (X) | $18,000 | $0 | $0 | Yes (X) | |||
| TED CUNDIFF | |||||||||
| DIRECTOR | 3.60 | Yes (X) | $14,400 | $0 | $0 | ||||
| JIM HAYS III | |||||||||
| DIRECTOR | 3.90 | Yes (X) | $14,400 | $0 | $0 | ||||
| LANDIS CORNETT | |||||||||
| VICE CHAIRMAN | 5.20 | Yes (X) | $14,800 | $0 | $0 | Yes (X) | |||
| PHILLIP THOMPSON | |||||||||
| CHAIRMAN | 4.50 | Yes (X) | $18,400 | $0 | $0 | Yes (X) | |||
| TERESA DAWES | |||||||||
| DIRECTOR | 3.40 | Yes (X) | $15,000 | $0 | $0 | ||||
| GORDON PHILLIPS | |||||||||
| DIRECTOR | 4.50 | Yes (X) | $15,200 | $0 | $0 | ||||
| VIRGINIA CAROL WRIGHT | |||||||||
| PRESIDENT & CEO | 55.00 | $250,471 | $0 | $75,571 | Yes (X) | ||||
| STEPHEN DERRICK DEAN | |||||||||
| COO | 40.00 | $142,463 | $0 | $53,821 | Yes (X) | ||||
| JEFFREY HENDERSON | |||||||||
| VP CORPORATE SVCS | 40.00 | $125,783 | $0 | $50,798 | Yes (X) | ||||
| GREG WILSON | |||||||||
| DISTRIBUTION SYSTEM OPERATOR | 40.00 | $111,218 | $0 | $35,088 | Yes (X) | ||||
| RICKY CAUDILL | |||||||||
| MGR OF ENGINEERING SVCES | 40.00 | $111,078 | $0 | $43,699 | Yes (X) | ||||
| KATIE DOTSON | |||||||||
| HR DIRECTOR | 40.00 | $105,787 | $0 | $47,643 | Yes (X) | ||||
| STEVE PATTON | |||||||||
| FORMER DIRECTOR | 3.00 | $14,400 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $986,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $306,620 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAVIS H ELLIOTT | |||||
| PO BOX 37251 | BALTIMORE | MD | 21297 | LINE CONSTRUCTION | $3,061,893 |
| WA KENDALL & CO | |||||
| PO BOX 831 | LAWRENCEVILLE | GA | 30046 | ROW CLEARING | $2,565,755 |
| NELSON TREE SERVICE | |||||
| 4489 SOLUTIONS CENTER | CHICAGO | IL | 60677 | ROW CLEARING | $1,226,253 |
| PROFESSIONAL HERBICIDE APPLICATION | |||||
| 92 PARKER STREET | MONTICELLO | KY | 42633 | ROW SPRAYING | $415,132 |
| PHILLIPS TREE EXPERTS | |||||
| PO BOX 825124 | PHILADELPHIA | PA | 19182 | ROW CLEARING | $219,084 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC SERVICE | 221000 | $94,992,930 | $94,992,930 |
| ELECTRIC MERCHANDISE | 221000 | $4,533 | $4,533 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $94,997,463 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $144,473 | TotalRevenueColumnAmt |
| Exclusion | $144,473 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,000 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,000 | TotalRevenueColumnAmt |
| Exclusion | $3,000 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| G&T PATRONAGE CAPITAL | 221000 | $2,676,938 | $2,676,938 | ||
| JOINT USE POLE RENT | 221000 | $1,523,979 | $1,523,979 | ||
| SUBSIDIARY INCOME | 221000 | $425,790 | $425,790 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $245,226 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $151,176 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $94,050 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,871,933 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,016,869 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,825,577 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $425,790 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,765,502 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,738,542 | TotalAmt |
| Program Services | $6,738,542 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,671 | TotalAmt |
| Program Services | $389,671 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,603,341 | TotalAmt |
| Program Services | $8,603,341 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,886,297 | TotalAmt |
| Program Services | $1,886,297 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,870,172 | TotalAmt |
| Program Services | $1,870,172 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $668,244 | TotalAmt |
| Program Services | $668,244 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,418 | TotalAmt |
| Program Services | $44,418 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,900 | TotalAmt |
| Program Services | $20,900 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,876,549 | TotalAmt |
| Program Services | $3,876,549 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,805,554 | TotalAmt |
| Program Services | $10,805,554 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $418,050 | TotalAmt |
| Program Services | $418,050 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| COST OF PURCHASE POWER | $58,901,769 | $58,901,769 |
| DISTRIBUTION - MAINT | $6,916,100 | $6,916,100 |
| ADMIN AND GENERAL | $4,663,068 | $4,663,068 |
| DISTRIBUTION OPERATIONS | $4,545,817 | $4,545,817 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$10,331,623 | TotalAmt |
| Program Services | -$10,331,623 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,016,869 | TotalAmt |
| Program Services | $100,016,869 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,601,673 | BOYAmt |
| EOY | $4,589,962 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $570 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,543,017 | BOYAmt |
| EOY | $13,047,056 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,715,994 | BOYAmt |
| EOY | $2,039,857 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,927 | BOYAmt |
| EOY | $237,693 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $272,857,235 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $100,743,874 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,438,014 | BOYAmt |
| EOY | $172,113,361 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,135,925 | BOYAmt |
| EOY | $74,368,331 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,651,230 | BOYAmt |
| EOY | $7,679,578 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,340,780 | BOYAmt |
| EOY | $274,076,408 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,742,320 | BOYAmt |
| EOY | $8,272,032 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,196,063 | BOYAmt |
| EOY | $127,090,163 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,359,386 | BOYAmt |
| EOY | $13,462,427 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,297,769 | BOYAmt |
| EOY | $148,824,622 | 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 | $1,316,670 | BOYAmt |
| EOY | $935,785 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$546,556 | BOYAmt |
| EOY | -$497,980 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,272,897 | BOYAmt |
| EOY | $124,813,981 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,043,011 | BOYAmt |
| EOY | $125,251,786 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,340,780 | BOYAmt |
| EOY | $274,076,408 | 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 | $6,208,775 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $199,155 | OtherCostOrOtherBasisAmt |
| Book Value | $199,155 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,006,965 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,295,788 | DepreciationAmt |
| Book Value | $5,711,177 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $263,651,115 | OtherCostOrOtherBasisAmt |
| Depreciation | $97,448,086 | DepreciationAmt |
| Book Value | $166,203,029 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $172,113,361 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS PROGRAM RELATED | Desc |
| Book Value | $74,368,331 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $74,368,331 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $1,100,675 |
| ACCRUED EXPENSES | $1,902,493 |
| ACCUMULATED POSTRETIREMENT BENEFITS | $9,247,942 |
| CONSUMER ADVANCES FOR CONSTRUCTION | $1,211,317 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,462,427 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $100,016,869 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $100,016,869 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $100,016,869 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $100,016,869 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $100,016,869 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $100,016,869 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VIRGINIA CAROL WRIGHT | ||||||||||||||
| PRESIDENT & CEO | $250,471 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75,571 | $0 | $326,042 | $0 | $0 | $0 |
| STEPHEN DERRICK DEAN | ||||||||||||||
| COO | $142,463 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53,821 | $0 | $196,284 | $0 | $0 | $0 |
| JEFFREY HENDERSON | ||||||||||||||
| VP CORPORATE SVCS | $125,783 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50,798 | $0 | $176,581 | $0 | $0 | $0 |
| RICKY CAUDILL | ||||||||||||||
| MGR OF ENGINEERING SVCES | $111,078 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43,699 | $0 | $154,777 | $0 | $0 | $0 |
| KATIE DOTSON | ||||||||||||||
| HR DIRECTOR | $105,787 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47,643 | $0 | $153,430 | $0 | $0 | $0 |
| STEVE PATTON | ||||||||||||||
| FORMER DIRECTOR | $14,400 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,400 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| IRVINE COMMUNITY TV INC | ||
| DIRECTOR HAYS OWNS | POLE ATTACHMENTS | 0 |
| JACKSON COUNTY BANK | ||
| DIRECTOR HAYS PART OWNER | GENERAL BANKING FUNCTIONS | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | LINE 2 EXPLANATION - DIRECTOR HAYS PART OWNER OF LOCAL BANK WHERE JACKSON ENERGY CONDUCTS BANKING BUSINESS. ALSO, OWNS CABLE TELEVISION COMPANY WHICH PAYS JOINT USE ATTACHMENT FEE TO JACKSON ENERGY THRU RATES REGULATED BY KY PUBLIC SERVICE COMMISSION. |
| FORM 990, PART VI, SECTION A, LINE 6 | LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT CANDIDATE TO RUN FOR BOARD POSITION. A MEMBER MAY, UPON OBTAINING 500 WRITTEN MEMBER NAMES, RUN FOR A BOARD POSITION. |
| FORM 990, PART VI, SECTION A, LINE 7B | LINE 7B EXPLANATION - ARTICLES OF INCORPORATION MAY BE ALTERED, PROVIDED THAT NOTICE OF THE MEETING SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 FOR REVIEW PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE RETURN. DIRECTORS ALSO MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO MAKE ADDITIONAL INQUIRIES AT THAT TIME. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE GOVERNING BODY AND KEY EMPLOYEES ARE AWARE OF THE ISSUES INVOLVING THE APPEARANCE OF, AND CONFLICTS OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIPS,AND THE NEED TO DISCLOSE THESE RELATIONSHIPS, IF APPLICABLE. THERE ARE ONGOING DISCUSSIONS WITH THE GOVERNING BODY AND KEY EMPLOYEES REGARDING RELATED PARTY TRANSACTIONS. THERE IS AN ANNUAL REVIEW BY THE INDEPENDENT AUDITOR AND AN ANNUAL REVIEW BY THE COOPERATIVE'S ATTORNEY. |
| FORM 990, PART VI, SECTION B, LINE 15 | 15.A. THE BOARD ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT/CEO; RAISES ARE DETERMINED BY THE SUMMATION OF THE 9 EVALUATIONS. THE BOARD UTILIZES A THIRD PARTY ORGANIZATION, HR PERFORMANCE SOLUTIONS, TO PROVIDE COMPENSATION DATA WHICH IS REVIEWED BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | BYLAWS ARE GIVEN TO EACH NEW MEMBER AND FINANCIAL STATEMENTS ARE GIVEN TO EACH MEMBER ON AN ANNUAL BASIS. ANNUAL MEETING OF MEMBERS IS HELD EACH YEAR. |
| FORM 990, PART XI, LINE 9: | COMPREHENSIVE INCOME POSTRETIREMENT BENEFITS 48,576. MARGINS ALLOCATED TO CUSTOMERS 6,738,542. REFUND OF CAPITAL CREDITS -599,664. MEMBERSHIPS ISSUED, NET -380,885. OTHER EQUITIES 402,206. |
| FORM 990, PART IX, LINE 4 | FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT. |