MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION (EIN 61-0277343)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-05-11
IRS object ID: 202141319349300814
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-05-11T08:13:15-05:00	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	610277343	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MEADE COUNTY RURAL ELECTRIC	BusinessNameLine1Txt
Business Name Line2	COOPERATIVE CORPORATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MEAD	BusinessNameControlTxt
Phone	2704222162	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 489	AddressLine1Txt
City	BRANDENBURG	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40108	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARTIN LITTREL	PersonNm
Person Title	PRESIDENT & CEO	PersonTitleTxt
Phone	2704222162	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	MARTIN	PersonFirstNm
Person Last	LITTREL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	TRAVIS C FRICK	PreparerPersonNm
PTIN	P01728213	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	MARTIN LITTREL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 489	AddressLine1Txt
City	BRANDENBURG	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40108	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$52,512,211	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MCRECC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1937	FormationYr
Legal Domicile State	KY	LegalDomicileStateCd
Activity Or Mission	PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	80	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$55,086,534	PYProgramServiceRevenueAmt
CY Program Service Revenue	$51,902,247	CYProgramServiceRevenueAmt
PY Investment Income	$461,866	PYInvestmentIncomeAmt
CY Investment Income	$149,462	CYInvestmentIncomeAmt
PY Other Revenue	$331,801	PYOtherRevenueAmt
CY Other Revenue	$460,502	CYOtherRevenueAmt
PY Total Revenue	$55,880,201	PYTotalRevenueAmt
CY Total Revenue	$52,512,211	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$491,205	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,068,268	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$7,058,112	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$7,343,577	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$48,330,884	PYOtherExpensesAmt
CY Other Expenses	$44,100,366	CYOtherExpensesAmt
PY Total Expenses	$55,880,201	PYTotalExpensesAmt
CY Total Expenses	$52,512,211	CYTotalExpensesAmt
PY Revenues Less Expenses	$0	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$117,432,757	TotalAssetsBOYAmt
Total Assets EOY	$116,075,331	TotalAssetsEOYAmt
Total Liabilities BOY	$81,591,166	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$79,441,620	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$35,841,591	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$36,633,711	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$51,443,943	ExpenseAmt
Revenue	$51,971,364	RevenueAmt
Desc	PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,100 CONSUMERS MONTHLY.	Desc
Total Program Service Expenses	$51,443,943	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	0	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	0	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	30	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	80	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
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	$51,971,364	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$540,847	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	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	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	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	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	ANNA SWANSON VP ACCTG & FIN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2704222162	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 489	AddressLine1Txt
City	BRANDENBURG	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40108	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 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
DAVID T WILSON II
DIRECTOR	6.00	Yes (X)	$9,632	$0	$0
DR JAMES G SILLS
VICE CHAIRMAN	8.00	Yes (X)	$9,110	$0	$0	Yes (X)
DARLA SIPES
SEC-TREAS	8.00	Yes (X)	$11,865	$0	$0	Yes (X)
PAUL EDD BUTLER
DIRECTOR	8.00	Yes (X)	$9,115	$0	$0
ROBERT RHODES
CHAIRMAN	8.00	Yes (X)	$10,105	$0	$0	Yes (X)
CHRISTOPHER CREECH
DIRECTOR	6.00	Yes (X)	$9,882	$0	$0
STEPHEN BARR
DIRECTOR	6.00	Yes (X)	$10,382	$0	$0
MARTIN LITTREL
PRESIDENT/CEO	50.00		$267,716	$0	$41,386		Yes (X)
DAVID POE
VP ENGINEERING & OPERATION	50.00		$559,379	$0	$36,340		Yes (X)
ANNA SWANSON
VP, ACCTG & FINANCE	50.00		$139,950	$0	$26,758			Yes (X)
DAVID PACE
VP, PUBLIC RELATIONS & MKT	50.00		$118,151	$0	$40,688			Yes (X)
MICHAEL FRENCH
SYSTEM ENGINEER	45.00		$116,462	$0	$48,687			Yes (X)
MIKE FORD
STAKING SUPERVISOR	40.00		$105,434	$0	$37,447			Yes (X)
JOHN CROSIER
OPS SUPERINTENDENT	45.00		$104,625	$0	$17,458			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,481,808	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$248,764	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
THE TOWNSEND CORPORATION
PO BOX 7015	MUNCIE	IN	47308	ROW CLEARING	$1,885,014
M&M ELECTRICAL CONTRACTOR
5081 HWY 431 NORTH	SPRINGFIELD	TN	37172	POWER LINE CONSTRUCTION	$666,984
AUBREY SILVEY ENTERPRISES
PO BOX 890093	CHARLOTTE	NC	28289	SUBSTATION	$466,434
WILLIAM E GROVES CONSTRUCTION
PO BOX 1205	MADISONVILLE	KY	42431	SUBSTATION	$440,228

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	4	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	ELECTRIC SERVICE	Desc
Business	221000	BusinessCd
Total Revenue Column	$51,902,247	TotalRevenueColumnAmt
Related Or Exempt Func Income	$51,902,247	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$51,902,247	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$149,462	TotalRevenueColumnAmt
Exclusion	$149,462	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
JOINT USE POLE ATTACHMENT	221000	$274,431	$274,431
SALE OF GENERAL PLANT	221000	$116,954	$116,954
PATRONAGE CAPITAL ALLOCAT	221000	$69,117		$69,117

Field	Value	IRS element (for citing)
Other Revenue Total	$460,502	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$52,512,211	TotalRevenueColumnAmt
Related Or Exempt Func Income	$51,971,364	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$540,847	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,068,268	TotalAmt
Program Services	$1,068,268	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$897,186	TotalAmt
Program Services	$897,186	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$4,704,969	TotalAmt
Program Services	$4,704,969	ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$730,992	TotalAmt
Program Services	$730,992	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$620,645	TotalAmt
Program Services	$620,645	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$389,785	TotalAmt
Program Services	$389,785	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$17,227	TotalAmt
Program Services	$17,227	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$16,850	TotalAmt
Program Services	$16,850	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$140,879	TotalAmt
Program Services	$140,879	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,074,775	TotalAmt
Program Services	$2,074,775	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$4,496,855	TotalAmt
Program Services	$4,496,855	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$170,213	TotalAmt
Program Services	$170,213	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
PURCHASE POWER	$35,226,516	$35,226,516
DISTRIBUTION - MAINTENA	$3,877,866	$3,877,866
DISTRIBUTION - OPERATIO	$2,647,656	$2,647,656
COST AND INSTALLATION O	$1,524,646	$1,524,646

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	-$6,093,117	TotalAmt
Program Services	-$6,093,117	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,512,211	TotalAmt
Program Services	$52,512,211	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,273,483	BOYAmt
EOY	$12,174,456	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$18,915,904	BOYAmt
EOY	$7,437,672	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,626,533	BOYAmt
EOY	$5,796,133	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$766,064	BOYAmt
EOY	$782,821	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$880,922	BOYAmt
EOY	$794,669	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$134,608,300	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$47,838,360	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$85,056,610	BOYAmt
EOY	$86,769,940	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$2,271,218	BOYAmt
EOY	$2,280,602	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$642,023	BOYAmt
EOY	$39,038	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$117,432,757	BOYAmt
EOY	$116,075,331	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,487,093	BOYAmt
EOY	$4,659,671	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$72,523,186	BOYAmt
EOY	$69,926,608	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,580,887	BOYAmt
EOY	$4,855,341	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$81,591,166	BOYAmt
EOY	$79,441,620	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	$66,785	BOYAmt
EOY	$64,165	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	-$383,981	BOYAmt
EOY	-$365,695	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$36,158,787	BOYAmt
EOY	$36,935,241	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$35,841,591	BOYAmt
EOY	$36,633,711	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$117,432,757	BOYAmt
EOY	$116,075,331	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	$792,120	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

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$134,608,300	OtherCostOrOtherBasisAmt
Depreciation	$47,838,360	DepreciationAmt
Book Value	$86,769,940	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$86,769,940	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$1,609,113
OTHER CURRENT AND ACCRUED LIABILITIES	$1,289,329
ACCUMULATED POSTRETIREMENT BENEFITS	$1,288,536
CONSUMER ADVANCES FOR CONSTRUCTION	$668,363

Field	Value	IRS element (for citing)
Total Liability	$4,855,341	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	Yes (X)	IndependentConsultantInd
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 (5 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
DAVID POE
VP ENGINEERING & OPERATION	$559,379	$0	$0	$0	$0	$0	$0	$0	$36,340	$0	$595,719	$0	$0	$0
MARTIN LITTREL
PRESIDENT/CEO	$267,716	$0	$0	$0	$0	$0	$0	$0	$41,386	$0	$309,102	$0	$0	$0
ANNA SWANSON
VP, ACCTG & FINANCE	$139,950	$0	$0	$0	$0	$0	$0	$0	$26,758	$0	$166,708	$0	$0	$0
MICHAEL FRENCH
SYSTEM ENGINEER	$116,462	$0	$0	$0	$0	$0	$0	$0	$48,687	$0	$165,149	$0	$0	$0
DAVID PACE
VP, PUBLIC RELATIONS & MKT	$118,151	$0	$0	$0	$0	$0	$0	$0	$40,688	$0	$158,839	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 THERE IS AN ELECTION TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 100 OR MORE ELIGIBLE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7B	LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY AT LEAST A 2/3 MAJORITY OF MEMBERSHIP. BYLAWS MAY BE ALTERED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. MAY MAKE INQUIRIES AND CHANGES TO THE INFORMATION CONTAINED IN THE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS.
FORM 990, PART VI, SECTION B, LINE 15	15A. AND B. THE BOARD RECEIVES DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH PERFORMANCE REVIEW FOR THE CEO, TO SET COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	BYLAWS AND ARTICLES OF INCORPORATION ARE MADE AVAILABLE TO EACH NEW MEMBER. EACH YEAR AN ANNUAL MEETING OF MEMBERS IS HELD, WITH FINANCIAL INFORMATION DISTRIBUTED AT THIS MEETING. FINANCIAL INFORMATION IS AVAILABLE ON KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE.
FORM 990, PART XI, LINE 9:	COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -18,285. MARGINS ALLOCATED TO MEMBERS 1,068,268. MEMBERSHIPS ISSUED -2,620. REFUNDS OF CAPITAL CREDITS -258,041. OTHER EQUITIES 2,798.
FORM 990, PART IX, LINE 4	REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.
FORM 990, PART VII, SECTION A	REPORTABLE COMPENSATION FROM THE ORGANIZATION FOR DAVID POE INCLUDES DISTRIBUTIONS FROM A 457(B) PLAN IN THE AMOUNT OF $381,408.