VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED (EIN 73-0495962)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-06-03
- IRS object ID
- 202141549349300014
- 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 | 2021-06-03T09:14:10-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 731293012 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRISCOE BURKE & GRIGSBY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 E 51ST STREET | AddressLine1Txt |
| City | TULSA | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 741353639 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730495962 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERDIGRIS VALLEY ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | COOPERATIVE INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VERD | BusinessNameControlTxt |
| Phone | 9183712584 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 219 | AddressLine1Txt |
| City | COLLINSVILLE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74021 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALICE HOUSTON | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 9183712584 | PhoneNum |
| Signature | 2021-06-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ALICA | PersonFirstNm |
| Person Last | HOUSTON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PERSONAL | PreparerPersonNm |
| PTIN | P00054433 | PTIN |
| Phone | 9187498337 | PhoneNum |
| Preparation | 2021-06-02 | 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 | ALICE HOUSTON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 219 | AddressLine1Txt |
| City | COLLINSVILLE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $74,041,688 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VVEC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBER/OWNERS AT A REASONABLE COST. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 99 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $74,980,077 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $73,221,052 | CYProgramServiceRevenueAmt |
| PY Investment Income | $161,038 | PYInvestmentIncomeAmt |
| CY Investment Income | $603,407 | CYInvestmentIncomeAmt |
| PY Other Revenue | $343,037 | PYOtherRevenueAmt |
| CY Other Revenue | $217,229 | CYOtherRevenueAmt |
| PY Total Revenue | $75,484,152 | PYTotalRevenueAmt |
| CY Total Revenue | $74,041,688 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $4,385,404 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,451,140 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,022,578 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $60,489,129 | PYOtherExpensesAmt |
| CY Other Expenses | $58,633,706 | CYOtherExpensesAmt |
| PY Total Expenses | $70,940,269 | PYTotalExpensesAmt |
| CY Total Expenses | $74,041,688 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,543,883 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $190,724,937 | TotalAssetsBOYAmt |
| Total Assets EOY | $193,782,218 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $115,054,749 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $114,466,742 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,670,188 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $79,315,476 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBER/OWNERS AT A REASONABLE COST. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | COST OF PURCHASED POWER FROM KAMO POWER TO PROVIDE ELECTRIC SERVICE EACH YEAR TO 29,680 MEMBERS HAVING 37,627 ACTIVE ACCOUNTS. | Desc |
| 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 | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 99 | 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 | $72,444,373 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,424,573 | 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 | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | 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 | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANIS MCSPADDEN | PersonNm |
| Phone | 9183712584 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 219 | AddressLine1Txt |
| City | COLLINSVILLE | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74301 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JIMMY LAMBERT | |||||||||
| PRESIDENT | 10.00 | 0.00 | Yes (X) | Yes (X) | $40,169 | $0 | $0 | ||
| JACK BOGART | |||||||||
| VICE-PRESIDE | 11.00 | Yes (X) | Yes (X) | $40,169 | $0 | $0 | |||
| KEN HOWARD | |||||||||
| TREASURER | 15.00 | Yes (X) | Yes (X) | $23,692 | $0 | $0 | |||
| JOHN HIBDON | |||||||||
| TRUSTEE | 10.00 | Yes (X) | $41,969 | $0 | $0 | ||||
| CHARLES HUERTER | |||||||||
| TRUSTEE | 12.00 | Yes (X) | $22,744 | $0 | $0 | ||||
| DENNIS LENOX | |||||||||
| TRUSTEE | 12.00 | Yes (X) | $40,151 | $0 | $0 | ||||
| BUDDY MCCARTY | |||||||||
| TRUSTEE | 15.00 | Yes (X) | $10,233 | $0 | $0 | ||||
| VERNON LEWIS | |||||||||
| TRUSTEE | 16.00 | Yes (X) | $40,726 | $0 | $0 | ||||
| JIMMY BRACKETT | |||||||||
| TRUSTEE | 12.00 | Yes (X) | $40,169 | $0 | $0 | ||||
| ALICE HOUSTON | |||||||||
| GENERAL MANA | 40.00 | Yes (X) | $302,109 | $0 | $92,412 | ||||
| MIKE HALL | |||||||||
| CHIEF OPER/A | 40.00 | Yes (X) | $257,759 | $0 | $96,794 | ||||
| CLYDE WILLARD | |||||||||
| DIR OF FINAN | 48.00 | Yes (X) | $233,359 | $0 | $134,414 | ||||
| RANDY RIDDLE | |||||||||
| DIR OPER/TEC | 45.00 | $186,786 | $0 | $126,194 | Yes (X) | ||||
| BOYD SCHULTHEISS | |||||||||
| MGR OPER/TEC | 40.00 | $144,560 | $0 | $155,542 | Yes (X) | ||||
| KARL KEETON | |||||||||
| ENGINEER | 40.00 | $154,718 | $0 | $104,378 | Yes (X) | ||||
| MARLIN BARNHART | |||||||||
| PURCHASING A | 40.00 | $145,204 | $0 | $108,566 | Yes (X) | ||||
| GARY YARBROUGH | |||||||||
| GIS SPECIALI | 40.00 | $124,693 | $0 | $126,640 | Yes (X) | ||||
| DANIEL LEMKE | |||||||||
| MAINTENANCE | 51.00 | $158,187 | $0 | $88,475 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,007,397 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $1,033,415 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 43 | 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 |
|---|---|---|---|---|---|
| HARDIN TREE SERVICE | |||||
| PO BOX 310 | OOLOGAH | OK | 74053 | ROW CLEARING | $2,899,626 |
| MID-CON ENERGY SERVICES INC | |||||
| PO BOX 2648 | PONCA CITY | OK | 74602 | POWER LINE CONS | $689,374 |
| NISC | |||||
| PO BOX 1147 | MANDA | ND | 58554 | DATA PROCESSING | $376,469 |
| VARNELL'S | |||||
| PO BOX 236 | SAYRE | OK | 73662 | POWER LINE CONS | $374,304 |
| BAKER TRENCHING | |||||
| PO BOX 52 | OWASSO | OK | 74055 | TRENCHING | $234,634 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ELECTRIC SALES | 221000 | $70,149,937 | $70,149,937 |
| CAPITAL CREDITS | 221000 | $3,071,115 | $3,071,115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $73,221,052 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $141,970 | TotalRevenueColumnAmt |
| Exclusion | $141,970 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $172,740 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $172,740 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $172,740 | TotalRevenueColumnAmt |
| Exclusion | $172,740 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $461,437 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $461,437 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $461,437 | TotalRevenueColumnAmt |
| Exclusion | $461,437 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $44,902 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,902 | TotalRevenueColumnAmt |
| Exclusion | $44,902 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SUBSIDIARY LOSS | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | -$413 | TotalRevenueColumnAmt |
| Exclusion | -$413 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$413 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $74,041,688 | TotalRevenueColumnAmt |
| Exclusion | $74,041,688 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,385,404 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,402,299 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,599,177 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,553,844 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,958,344 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $508,914 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,190 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,956 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,123 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,337 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,085 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $332,721 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,228 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,892 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,781,330 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,795 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,274,614 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,918 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $42,505,473 |
| CONTRACTOR MAINTENANCE EX | $2,837,854 |
| GROSS RECEIPTS AND OTHER | $1,372,707 |
| FLEET AND MISC EXPENSES | $676,857 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,626 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,041,688 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,616 | BOYAmt |
| EOY | $531,351 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,017,878 | BOYAmt |
| EOY | $2,622,881 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,484,277 | BOYAmt |
| EOY | $6,789,515 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $948,600 | BOYAmt |
| EOY | $976,168 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,343,728 | BOYAmt |
| EOY | $935,425 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $191,488,164 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $50,070,471 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,545,024 | BOYAmt |
| EOY | $141,417,693 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,042,747 | BOYAmt |
| EOY | $40,344,600 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,067 | BOYAmt |
| EOY | $164,585 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,724,937 | BOYAmt |
| EOY | $193,782,218 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,030,153 | BOYAmt |
| EOY | $16,747,336 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,317,615 | BOYAmt |
| EOY | $88,882,164 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,706,981 | BOYAmt |
| EOY | $8,837,242 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,054,749 | BOYAmt |
| EOY | $114,466,742 | 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 | $875,725 | BOYAmt |
| EOY | $882,080 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,414,343 | BOYAmt |
| EOY | $4,770,865 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,380,120 | BOYAmt |
| EOY | $73,662,531 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,670,188 | BOYAmt |
| EOY | $79,315,476 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,724,937 | BOYAmt |
| EOY | $193,782,218 | 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 | $3,645,288 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $581,765 | OtherCostOrOtherBasisAmt |
| Book Value | $581,765 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,395,530 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,326,760 | DepreciationAmt |
| Book Value | $1,068,770 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,823,164 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,256,381 | DepreciationAmt |
| Book Value | $2,566,783 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $178,687,705 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,487,330 | DepreciationAmt |
| Book Value | $137,200,375 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $141,417,693 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL REC. - ASSOC. ORG | $38,989,632 | C |
| LOAN AND SUBSCRIPTION COOP TERM CERT | $1,299,121 | C |
| RESTRICTED CASH ACCOUNT | $33,333 | C |
| INVESTMENT IN VVEC SUBSIDIARY | $13,297 | C |
| GENERAL FUND INV. - ASSOC ORGAN. | $9,217 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $40,344,600 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POST RETIREMENT BENEFIT LIAB | $7,720,940 |
| ELECTRIC BILL PREPAYMENTS | $959,657 |
| OTHER DEFERRED CREDITS | $111,095 |
| CONTRIBUTION IN AID | $45,550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,837,242 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $74,041,688 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $74,041,688 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $74,041,688 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $69,656,284 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $69,656,284 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,385,404 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,385,404 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $74,041,688 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENT, MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE DIVIDEND ALLOCATION 4,385,404 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| 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 (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| ALICE HOUSTON | ||||||
| GENERAL MANAGER | $287,802 | $300 | $14,007 | $56,890 | $35,522 | $394,521 |
| MIKE HALL | ||||||
| CHIEF OPER/ADMIN OFF | $240,279 | $800 | $16,680 | $62,359 | $34,435 | $354,553 |
| CLYDE WILLARD | ||||||
| DIR OF FINANCE | $221,701 | $800 | $10,858 | $99,428 | $34,986 | $367,773 |
| RANDY RIDDLE | ||||||
| DIR OPER/TECH SVCS | $180,021 | $800 | $5,965 | $93,151 | $33,043 | $312,980 |
| BOYD SCHULTHEISS | ||||||
| MGR OPER/TECH SVCS | $137,048 | $706 | $6,806 | $123,550 | $31,992 | $300,102 |
| KARL KEETON | ||||||
| ENGINEER | $150,856 | $500 | $3,362 | $71,336 | $33,042 | $259,096 |
| MARLIN BARNHART | ||||||
| PURCHASING AGENT | $143,621 | $775 | $808 | $75,963 | $32,603 | $253,770 |
| GARY YARBROUGH | ||||||
| GIS SPECIALIST | $122,807 | $500 | $1,386 | $95,147 | $31,493 | $251,333 |
| DANIEL LEMKE | ||||||
| MAINTENANCE LINEMAN | $155,662 | $500 | $2,025 | $56,437 | $32,038 | $246,662 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1B | FormAndLineReferenceDesc |
| Explanation | RE: BOARD OF DIRECTORS: FOOD AND/OR LODGING EXPENSES ARE EITHER CHARGED TO A COMPANY CREDIT CARD OR ARE REIMBURSED AFTER SUBMISSION OF VALID EXPENSE REPORTS. RE: EMPLOYEES: LODGING IS CHARGED TO A COMPANY CREDIT CARD. FOOD IS PAID FOR EITHER BY A COMPANY CREDIT CARD OR AN EMPLOYEE ADVANCE. THE BOARD OF DIRECTORS REVIEWS ALL BOARD AND MANAGER'S EXPENSE REPORTS. THE MANAGER OR HER DISIGNATE REVIEWS ALL STAFF AND EMPLOYEE EXPENSE REPORTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 2 | ALICA HOUSTON TRUSTEES GM TRUSTEES BOTH SERVE ON KAMO BOARD |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERSHIP ELECTS NINE BOARD MEMBERS TO A THREE YEAR TERM. ELECTIONS ARE HELD EACH YEAR FOR THREE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | YES |
| FORM 990, PAGE 6, PART VI, LINE 11B | REVIEW AND/OR APPROVAL BY BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C | BOARD OF TRUSTEES, MANAGEMENT, AND KEY EMPLOYEES DISCLOSE AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | GENERAL MANAGER IS REVIEWED ANNUALLY WITH AN OVERVIEW PROVIDED TO THE BOARD OF ANNUAL ACTIVITIES, CURRENT AND PROJECTED FINANCIAL POSITION AND GOALS FOR THE UPCOMING YEAR. SALARY INFORMATION OBTAINED FROM OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES ANNUAL SALARY AND BENEFITS SURVEY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | YES |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE MAKES CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART X | FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDTED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICAL OF THE COOPERATIVE'S BYLAWS. |
| FORM 990, PART XI, LINE 9 | INCREASES IN MEMBERSHIPS 6,355 CHECKS DRAWN AND RETIRED CAPITAL CREDIT GAIN 276,795 FORFEITED NON-REFUNDABLE MEMBERSHIP ACCOUNTS 58,425 PATRONAGE DIVIDEND ALLOCATION 4,385,404 OTHER COMPREHENSIVE INCOME -581,691 RETIREMENT OF CAPITAL CREDITS -500,000 TOTAL 3,645,288 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| VERDIGRIS VALLEY SERVICES | ||||||||||
| PO BOX 219 | COLLINSVILLE | OK | 74021 | INACTIVE | OK | VVEC | C CORP | 1.00000 | false | |
| VERDIGRIS VALLEY ECONOMIC DEVELOPME | ||||||||||
| PO BOX 219 | COLLINSVILLE | OK | 74021 | INACTIVE | OK | VVEC | C CORP | 1.00000 | false | $26,816 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERDIGRIS VALLEY ECONOMIC DEVELOPME | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionTypeTxt |
| Involved | $413 | InvolvedAmt |
| Method Of Amount Determination | REAL ESTATE TAXES | MethodOfAmountDeterminationTxt |