2021-06-03T09:14:10-05:00 2020-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2020-01-01 730495962 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC VERD 9183712584 PO BOX 219 COLLINSVILLE OK 74021 ALICE HOUSTON GENERAL MANAGER 9183712584 2021-06-02 true ALICA HOUSTON 999009999 PERSONAL P00054433 9187498337 2021-06-02 2020 2022-09-23 18:48:47Z ALICE HOUSTON PO BOX 219 COLLINSVILLE OK 74021 74041688 false X WWW.VVEC.COM X 1938 OK TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBER/OWNERS AT A REASONABLE COST. 9 9 99 0 0 74980077 73221052 161038 603407 343037 217229 75484152 74041688 0 4385404 10451140 11022578 0 0 60489129 58633706 70940269 74041688 4543883 0 190724937 193782218 115054749 114466742 75670188 79315476 TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBER/OWNERS AT A REASONABLE COST. false false COST OF PURCHASED POWER FROM KAMO POWER TO PROVIDE ELECTRIC SERVICE EACH YEAR TO 29,680 MEMBERS HAVING 37,627 ACTIVE ACCOUNTS. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 24 0 true 99 true false false false false false 72444373 1424573 false false false X 9 9 true false false false true true true true true false false true true true true true true true true false OK X JANIS MCSPADDEN 9183712584 PO BOX 219 COLLINSVILLE OK 74301 JIMMY LAMBERT PRESIDENT 10.00 0.00 X X 40169 0 0 JACK BOGART VICE-PRESIDE 11.00 X X 40169 0 0 KEN HOWARD TREASURER 15.00 X X 23692 0 0 JOHN HIBDON TRUSTEE 10.00 X 41969 0 0 CHARLES HUERTER TRUSTEE 12.00 X 22744 0 0 DENNIS LENOX TRUSTEE 12.00 X 40151 0 0 BUDDY MCCARTY TRUSTEE 15.00 X 10233 0 0 VERNON LEWIS TRUSTEE 16.00 X 40726 0 0 JIMMY BRACKETT TRUSTEE 12.00 X 40169 0 0 ALICE HOUSTON GENERAL MANA 40.00 X 302109 0 92412 MIKE HALL CHIEF OPER/A 40.00 X 257759 0 96794 CLYDE WILLARD DIR OF FINAN 48.00 X 233359 0 134414 RANDY RIDDLE DIR OPER/TEC 45.00 X 186786 0 126194 BOYD SCHULTHEISS MGR OPER/TEC 40.00 X 144560 0 155542 KARL KEETON ENGINEER 40.00 X 154718 0 104378 MARLIN BARNHART PURCHASING A 40.00 X 145204 0 108566 GARY YARBROUGH GIS SPECIALI 40.00 X 124693 0 126640 DANIEL LEMKE MAINTENANCE 51.00 X 158187 0 88475 2007397 1033415 43 false true false HARDIN TREE SERVICE PO BOX 310 OOLOGAH OK 74053 ROW CLEARING 2899626 MID-CON ENERGY SERVICES INC PO BOX 2648 PONCA CITY OK 74602 POWER LINE CONS 689374 NISC PO BOX 1147 MANDA ND 58554 DATA PROCESSING 376469 VARNELL'S PO BOX 236 SAYRE OK 73662 POWER LINE CONS 374304 BAKER TRENCHING PO BOX 52 OWASSO OK 74055 TRENCHING 234634 8 ELECTRIC SALES 221000 70149937 70149937 CAPITAL CREDITS 221000 3071115 3071115 73221052 141970 141970 172740 172740 172740 172740 461437 461437 461437 461437 44902 44902 44902 SUBSIDIARY LOSS 221000 -413 -413 -413 74041688 74041688 4385404 1402299 5599177 1553844 1958344 508914 36190 17956 187123 116337 522085 332721 52228 25892 2781330 233795 6274614 268918 COST OF POWER 42505473 CONTRACTOR MAINTENANCE EX 2837854 GROSS RECEIPTS AND OTHER 1372707 FLEET AND MISC EXPENSES 676857 391626 74041688 0 0 0 X 70616 531351 7017878 2622881 6484277 6789515 948600 976168 1343728 935425 191488164 50070471 136545024 141417693 38042747 40344600 272067 164585 190724937 193782218 15030153 16747336 92317615 88882164 7706981 8837242 115054749 114466742 X 875725 882080 4414343 4770865 70380120 73662531 75670188 79315476 190724937 193782218 X 0 3645288 X false true X true 581765 581765 3395530 2326760 1068770 8823164 6256381 2566783 178687705 41487330 137200375 141417693 PATRONAGE CAPITAL REC. - ASSOC. ORG 38989632 C LOAN AND SUBSCRIPTION COOP TERM CERT 1299121 C RESTRICTED CASH ACCOUNT 33333 C INVESTMENT IN VVEC SUBSIDIARY 13297 C GENERAL FUND INV. - ASSOC ORGAN. 9217 C 40344600 ACCRUED POST RETIREMENT BENEFIT LIAB 7720940 ELECTRIC BILL PREPAYMENTS 959657 OTHER DEFERRED CREDITS 111095 CONTRIBUTION IN AID 45550 8837242 X 74041688 74041688 74041688 69656284 69656284 4385404 4385404 74041688 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 true X X false false false ALICE HOUSTON GENERAL MANAGER 287802 300 14007 56890 35522 394521 MIKE HALL CHIEF OPER/ADMIN OFF 240279 800 16680 62359 34435 354553 CLYDE WILLARD DIR OF FINANCE 221701 800 10858 99428 34986 367773 RANDY RIDDLE DIR OPER/TECH SVCS 180021 800 5965 93151 33043 312980 BOYD SCHULTHEISS MGR OPER/TECH SVCS 137048 706 6806 123550 31992 300102 KARL KEETON ENGINEER 150856 500 3362 71336 33042 259096 MARLIN BARNHART PURCHASING AGENT 143621 775 808 75963 32603 253770 GARY YARBROUGH GIS SPECIALIST 122807 500 1386 95147 31493 251333 DANIEL LEMKE MAINTENANCE LINEMAN 155662 500 2025 56437 32038 246662 SCHEDULE J, PAGE 1, PART I, LINE 1B 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. 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 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 26816 1.00000 false false false false false false false false false false false false false false false false false false true false VERDIGRIS VALLEY ECONOMIC DEVELOPME R 413 REAL ESTATE TAXES