2021-11-04T15:59:51-05:00 2020-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2020-01-01 730171526 CANADIAN VALLEY ELECTRIC COOPERATIVE INC % JAMIE SCOTT CANA 4053823680 PO BOX 751 SEMINOLE OK 748180751 GARY HIGHLEY CEO 4053823680 2021-11-04 true GARY HIGHLEY 000000000 AMBER SHERRILL P00748683 5013721040 2 2020 2022-09-23 18:48:47Z GARY HIGHLEY PO BOX 751 SEMINOLE OK 748180751 64758837 false X WWW.MYCVEC.COOP X 1939 OK TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. 8 8 96 8 0 0 0 64991854 62815742 1230586 1205391 223465 232536 66445905 64253669 0 0 3072181 2929732 4036946 4469339 0 0 0 59336778 56854598 66445905 64253669 0 123634009 129647902 54648531 57457965 68985478 72189937 TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. false false PROVISION OF RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS MEMBERS. false false false false false false false false false true false true false true false 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 true true false true 20 0 true 96 true false false false false false 61634268 2414723 false false false X 8 8 false false false false true true true true true false false true true true true true true true true false OK X JAMIE SCOTT 4053823680 PO BOX 751 SEMINOLE OK 74818 X GARY HIGHLEY CEO 46.0 0.0 X 168870 0 40745 JARROD VANZANT MANAGER OF MEMBER RELATIONS 48.0 0.0 X 114326 0 33652 JAMIE SCOTT MANAGER OF FINANCE 42.0 0.0 X 111194 0 34192 KIMBERLY BEHRENES MANAGER OF ENGINEERING SERVIES 42.0 0.0 X 119141 0 25040 RUSSELL PRITCHETT OPERATIONS SUPERINTENDENT 45.0 0.0 X 109590 0 16044 DANIEL FRANCO AREA SERVICEMAN 53.0 0.0 X 113713 0 11799 GARY CRAIN BOARD TRUSTEE 25.0 25.0 X 15416 11448 0 STEVE MARAK BOARD TRUSTEE - ASST SEC/TREAS 9.0 0.0 X X 17348 0 0 JOE SEMTNER BOARD TRUSTEE - PRESIDENT 10.0 0.0 X X 16948 0 0 MATT GOODSON BOARD TRUSTEE - SEC/TREASURER 20.0 0.0 X X 16648 0 0 YATES ADCOCK BOARD TRUSTEE 10.0 0.0 X 16448 0 0 ROBERT SCHOENECKE BOARD TRUSTEE - VICE PRESIDENT 18.0 0.0 X X 16128 0 0 JP DUVALL BOARD TRUSTEE 8.0 0.0 X 15810 0 0 CLAYTON EADS BOARD TRUSTEE 10.0 0.0 X 14792 0 0 866372 11448 161472 12 false true false RIGGS TREE SERVICE INC PO BOX 453225 GROVE OK 74345 TREE TRIMMING 1796471 SMITH PICKLE PO BOX 21447 OKLAHOMA CITY OK 73156 BUILDING CONTRACTOR 2359120 WIN-SONS POLELINE CONSTRUCTION 6100 S CROSSROADS BLVD OKLAHOMA CITY OK 73149 LINE CONSTRUCTION 1126208 DAVEY RESOURCE GROUP PO BOX 74142 CLEVELAND OH 44194 SYSTEM INVENTORY 682378 CHEMICAL WEED CONTROL PO BOX 512 BROWNFIELD TX 79316 RIGHT OF WAY SPRAY 572665 7 X 0 SALES OF ELECTRIC ENERGY 221000 61486819 61486819 G&T CAPITAL CREDITS 221000 1181474 1181474 OTHER CAPITAL CREDITS 221000 147449 147449 62815742 925806 925806 0 0 204678 0 204678 204678 204678 753047 473462 279585 279585 279585 0 0 0 0 0 0 59564 31706 27858 27858 0 64253669 62815742 1437927 0 0 0 2929732 339153 0 3282470 84159 467088 296469 0 88527 60020 0 0 0 2216561 0 211537 521070 0 80071 570839 0 30627 2117779 0 3936560 1416512 COST OF ELECTRIC POWER 43260501 TAXES 1255355 TOOLS & LINE MATERIALS 445690 DUES & SUBSCRIPTIONS 176428 466521 64253669 2097358 5708976 5400000 0 0 0 6115935 7109550 0 0 0 0 0 0 1454632 1713299 73521 30652 136053043 54100362 76484627 81952681 0 0 0 0 30551254 31205238 0 0 1456682 1927506 123634009 129647902 6595687 7466628 0 0 0 0 0 0 0 0 0 0 43557846 44772278 0 0 4494998 5219059 54648531 57457965 X 0 0 0 0 68985478 72189937 68985478 72189937 123634009 129647902 X 0 3204459 X false true X true false 109712 109712 2192217 1640436 551781 129046913 52459926 76586987 4704201 4704201 81952681 ARK ELECTRIC-PATRONAGE CAPITAL 198407 C NRUCFC-PATRONAGE CAPITAL 57685 C CRUCFC-CAP. TERM CERTIFICATES 814662 C NRUCFC-MEMBER CERTIFICATIONS 1000 C WESTERN FARMERS-PATRONAGE CAP 29414959 C NISC-PATRONAGE CAPITAL 171736 C FEDERATED-EQUITY ACCOUNT ALLOC 219191 C NRTC-MEMBERSHIP 15286 C COBANK-MEMBERSHIP & PATRONAGE 287212 C CENERGY INVESTMENT 100 C CVEC FIBER SUBSIDIARY 25000 C 31205238 0 POST RETIREMENT BENEFIT OBLIGATION 2232700 CONSUMER DEPOSITS 2986359 5219059 64253669 64253669 64253669 61323937 61323937 2929732 2929732 64253669 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED $2,929,732 X X X X false false false GARY HIGHLEY CEO 168120 0 750 0 0 0 23870 0 16875 0 209615 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ELECTRIC UTILITY IS MEMBER OWNED. TRUSTEES ARE ELECTED BY THE MEMBERSHIP TO SERVE THREE YEAR TERMS. ANY MEMBER MAY FILE TO STAND FOR ELECTION BY FILING A NOTICE OF INTENT TO STAND FOR ELECTION DURING THE PUBLISHED FILING PERIOD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE WITHIN THEIR DISTRICT TO APPOINT THE BOARD MEMBER TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE MEMBERS. MEMBERS MAY ALSO PETITION FOR REMOVAL, FOR JUST CAUSE, OF TRUSTEES OR OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER OF FINANCE, CEO, AND THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED REGULARLY, AND WRITTEN SURVEYS ARE COLLECTED FROM EACH TRUSTEE ANNUALLY. AFTER DISCLOSURE OF ANY CONFLICTS, THE CEO MAY CONSULT WITH THE ATTORNEY OF CVEC AND/OR SUBMIT THE ISSUE TO THE BOARD OF TRUSTEES. THE CEO, IF APPROPRIATE, MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR AGREEMENT. AFTER EXERCISING DUE DILIGENCE, THE CEO SHALL DETERMINE WHETHER CVEC CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND IF AN ALTERNATIVE CANNOT BE FOUND WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF CVEC. FORM 990, PART VI, SECTION B, LINES 15A & 15B COMPENSATION SURVEYS BASED ON FIGURES FROM ALL ELECTRIC DISTRIBUTION COOPERATIVE HEADQUARTERS IN OKLAHOMA ARE USED TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES, AS WELL AS A SALARY STUDY FROM AN INDEPENDENT CONSULTANT FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 CHANGE IN FUNDED STATUS OF POST RETIREMENT BENEFIT PLAN 95,736 PATRONAGE CAPITAL ASSIGNABLE 2,929,732 RETIREMENT OF CAPITAL CREDITS (604,673) CHANGE IN MEMBERSHIPS 2,405 CHANGE IN DONATED CAPITAL 2,818 GAIN ON RETIRED CAPITAL CREDITS 778,441 ------------ TOTAL 3,204,459 CVEC FOUNDATION INC PO BOX 751 SEMINOLE OK 74818 731553974 GRANTS OK 501(C)(3) 10 CVEC true CVEC FIBER LLC PO BOX 751 SEMINOLE OK 74818 FIBER OK CVEC C CORPORATION -6062 0 1.00000 true false false false false false false false false false false false false false true false false false true false