CRAIGHEAD ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CRAIGHEAD ELECTRIC COOPERATIVE CORPORATION (EIN 71-0039695)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-10
- IRS object ID
- 202143149349302394
- 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 | 2021-11-10T10:50:31-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 710818324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS SPEIGHT & NOBLE CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 17167 | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 724036721 | 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 | 710039695 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAIGHEAD ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRAI | BusinessNameControlTxt |
| Phone | 8709328301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7503 | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN DUNCAN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8709328301 | PhoneNum |
| Signature | 2021-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRIAN | PersonFirstNm |
| Person Last | DUNCAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFF L WICKER CPA | PreparerPersonNm |
| PTIN | P00338877 | PTIN |
| Phone | 8709325858 | PhoneNum |
| Preparation | 2021-11-10 | 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 | BRIAN DUNCAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7503 | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 724037503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $68,313,836 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CRAIGHEADELECTRIC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE ELECTRIC POWER TO RURAL AREAS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 114 | TotalEmployeeCnt |
| Total Gross UBI | $5,265,187 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $58,068,667 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $64,082,278 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,105,231 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,061,521 | CYInvestmentIncomeAmt |
| PY Other Revenue | $447,935 | PYOtherRevenueAmt |
| CY Other Revenue | $170,037 | CYOtherRevenueAmt |
| PY Total Revenue | $61,621,833 | PYTotalRevenueAmt |
| CY Total Revenue | $68,313,836 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,232,244 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,169,190 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,563,611 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,570,340 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $51,825,978 | PYOtherExpensesAmt |
| CY Other Expenses | $57,401,033 | CYOtherExpensesAmt |
| PY Total Expenses | $61,621,833 | PYTotalExpensesAmt |
| CY Total Expenses | $69,140,563 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | -$826,727 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $246,865,296 | TotalAssetsBOYAmt |
| Total Assets EOY | $294,915,413 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $133,559,448 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $181,583,846 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $113,305,848 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $113,331,567 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PROVIDE ELECTRIC POWER TO RURAL AREAS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SALE OF ELECTRIC POWER TO MEMBERS. 37,922 SERVICES IN PLACE AT END OF YEAR. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALE OF BROADBAND SERVICES TO MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | 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 | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 23 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 114 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $59,440,305 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $8,514,956 | 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 | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | 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 | false | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAIGHEAD ELECTRIC COOPERATIVE CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8709328301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4314 STADIUM BLVD | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72404 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| BRIAN DUNCAN | ||||||||
| CEO | 50.00 | Yes (X) | $1,019,931 | $0 | $89,833 | |||
| KEITH BLOCKER | ||||||||
| VP ENGINEERI | 50.00 | $180,963 | $0 | $59,132 | Yes (X) | |||
| CARLA S MOORE | ||||||||
| VP OF FINANC | 50.00 | $169,150 | $0 | $47,770 | Yes (X) | |||
| JEREMIAH SLOAN | ||||||||
| EMPOWER COO | 50.00 | $152,093 | $0 | $52,826 | Yes (X) | |||
| NANCY DIANE FLETCHER | ||||||||
| HUMAN RESOUR | 45.00 | $128,730 | $0 | $46,628 | Yes (X) | |||
| LARRY STEPHEN HINSON | ||||||||
| SUPERVISOR O | 45.00 | $120,006 | $0 | $43,862 | Yes (X) | |||
| JUSTIN ETTER | ||||||||
| VP OF CORP. | 40.00 | $117,346 | $0 | $46,349 | Yes (X) | |||
| STEVE KUETER | ||||||||
| DIRECTOR | 3.06 | $20,575 | $0 | $0 | Yes (X) | |||
| TERRY ROREX | ||||||||
| DIRECTOR | 7.27 | $19,982 | $0 | $0 | Yes (X) | |||
| KEITH MOSBEY | ||||||||
| DIRECTOR | 6.56 | $17,905 | $0 | $0 | Yes (X) | |||
| BILL ELLIOT JR | ||||||||
| DIRECTOR | 3.23 | $15,983 | $0 | $0 | Yes (X) | |||
| LEN NALL | ||||||||
| DIRECTOR | 3.21 | $14,783 | $0 | $0 | Yes (X) | |||
| DWIGHT ENGLAND | ||||||||
| DIRECTOR | 4.15 | $14,215 | $0 | $0 | Yes (X) | |||
| BOBBY WADE | ||||||||
| DIRECTOR | 5.35 | $8,316 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,999,978 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $386,400 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 14 | 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 |
|---|---|---|---|---|---|
| D & H CONTRACTING INC | |||||
| 160 LAWRENCE 223 RD | BLACK ROCK | AR | 72415 | CONTRACTING | $13,871,226 |
| SOUTHERN ELECTRIC CORPORATION | |||||
| PO BOX 320398 | FLOWOOD | MS | 39232 | LINE BUILDING | $1,372,947 |
| WEST TREE SERVICE INC | |||||
| PO BOX 55362 | LITTLE ROCK | AR | 72209 | ROW CLEARING | $1,177,252 |
| ALLIANCE UTILITIES INC | |||||
| PO BOX 16237 | JONESBORO | AR | 72403 | TRENCHING | $289,012 |
| HLP CONSTRUCTION INC | |||||
| 595 GREENE 7777 | PARAGOULD | AR | 72450 | CONTRACT ROW | $155,884 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | BusinessBusinessCd | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| SALE OF ELECTRIC ENERGY | $58,447,973 | $58,447,973 | |||
| 3E8 BROADBAND SOLUTIONS, LL | $5,265,187 | 517000 | $5,265,187 | ||
| RENTAL - EQUIPMENT | $333,937 | $333,937 | |||
| MERCHANDISING | $18,498 | $18,498 | |||
| CERTAIN PROPERTY | $16,683 | $16,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $64,082,278 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,061,521 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $825,740 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,235,781 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| COLLECTION FEES | $145,287 | $145,287 |
| EXCESS SALES TAX COLLECTED | $24,750 | $24,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $170,037 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,313,836 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59,460,433 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $5,265,187 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,588,216 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,169,190 | TotalAmt |
| Program Services | $2,169,190 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,426,442 | TotalAmt |
| Program Services | $1,426,442 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,143,898 | TotalAmt |
| Program Services | $8,143,898 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,468,092 | TotalAmt |
| Program Services | $48,468,092 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $517,778 | TotalAmt |
| Program Services | $517,778 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,395,391 | TotalAmt |
| Program Services | $8,395,391 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COGS | Desc |
| Total | $19,772 | TotalAmt |
| Program Services | $19,772 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,140,563 | TotalAmt |
| Program Services | $69,140,563 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,318,484 | BOYAmt |
| EOY | $5,962,094 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,563,172 | BOYAmt |
| EOY | $11,136,857 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,237 | BOYAmt |
| EOY | $125,875 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,663,129 | BOYAmt |
| EOY | $5,692,632 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,523,835 | BOYAmt |
| EOY | $3,585,403 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,813,502 | BOYAmt |
| EOY | $3,613,662 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $305,636,083 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $64,202,216 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,528,114 | BOYAmt |
| EOY | $241,433,867 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $717,624 | BOYAmt |
| EOY | $33,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,662,199 | BOYAmt |
| EOY | $23,332,023 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,865,296 | BOYAmt |
| EOY | $294,915,413 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,938,441 | BOYAmt |
| EOY | $11,902,584 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,518,568 | BOYAmt |
| EOY | $2,254,767 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,704,819 | BOYAmt |
| EOY | $12,740,621 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,397,620 | BOYAmt |
| EOY | $154,685,874 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,559,448 | BOYAmt |
| EOY | $181,583,846 | 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 | $123,286 | BOYAmt |
| EOY | $121,357 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,127,651 | BOYAmt |
| EOY | $49,266,790 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,054,911 | BOYAmt |
| EOY | $63,943,420 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,305,848 | BOYAmt |
| EOY | $113,331,567 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,865,296 | BOYAmt |
| EOY | $294,915,413 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$826,727 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $852,446 | 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) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $292,452,947 | OtherCostOrOtherBasisAmt |
| Depreciation | $64,091,089 | DepreciationAmt |
| Book Value | $228,361,858 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,183,136 | OtherCostOrOtherBasisAmt |
| Depreciation | $111,127 | DepreciationAmt |
| Book Value | $13,072,009 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $241,433,867 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CAPITAL CERT OF AECC/AECI | $19,651,372 | C |
| CAPITAL CERT OF NRUCFC | $1,835,998 | C |
| NATIONAL RURAL TELECOMM CO | $978,797 | C |
| CAPITAL CERT OF FREIC | $488,398 | C |
| HOMESTEAD INVESTMENT | $235,227 | C |
| ARK RURAL ELECTRIC SELF-INS TRUST | $63,000 | C |
| HOME ENERGY LOAN PROGRAM | $58,149 | C |
| COOP RESPONSE CENTER | $12,500 | C |
| MEMBERSHIPS - VARIOUS | $8,582 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $23,332,023 | TotalBookValueProgramRltdAmt |
| Total Rev Etc Audited Fincl Stmt | $68,313,836 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $68,313,836 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $68,313,836 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $66,144,646 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $66,144,646 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,995,917 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,995,917 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $69,140,563 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 4B | FormAndLineReferenceDesc |
| Explanation | PATRONAGE ALLOCATIONS - DIFF IN TAX VS GAAP 2,101,528 DEFERRED INCOME TAX BENEFIT 816,819 BOOK / TAX DEPRECIATION DIFFERENCE 77,570 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| BRIAN DUNCAN | |||||
| CEO | $314,596 | $705,335 | $84,901 | $4,932 | $1,109,764 |
| KEITH BLOCKER | |||||
| VP ENGINEERING | $168,616 | $12,347 | $55,655 | $3,477 | $240,095 |
| CARLA S MOORE | |||||
| VP OF FINANCE & ADM | $145,469 | $23,681 | $46,463 | $1,307 | $216,920 |
| JEREMIAH SLOAN | |||||
| EMPOWER COO | $151,531 | $562 | $47,474 | $5,352 | $204,919 |
| NANCY DIANE FLETCHER | |||||
| HUMAN RESOURCE MANAG | $125,446 | $3,284 | $42,480 | $4,148 | $175,358 |
| LARRY STEPHEN HINSON | |||||
| SUPERVISOR OF MAINT | $115,792 | $4,214 | $40,922 | $2,940 | $163,868 |
| JUSTIN ETTER | |||||
| VP OF CORP. SERVICES | $116,816 | $530 | $40,165 | $6,184 | $163,695 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 1A | SCHEDULE J, PART I, LINE 4B - PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: MR. BRIAN DUNCAN PARTICIPATES IN THE EMPLOYEE BENEFIT RESTORATION PLAN, WHICH IS A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. BENEFITS VESTED, PAID AND REPORTED UNDER THIS PLAN PAID IN ACCORDANCE WITH MR. DUNCAN'S NORMAL RETIREMENT DATE (NRD) OF JULY 23, 2021 FOR THE YEAR WERE 675,000. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). |
| SCHEDULE J, PAGE 1, PART I, LINE 4 | BRIAN DUNCAN 0 675,000 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO MEMBERS (HEREINAFTER REFERRED TO AS "PATRONAGE DIVIDENDS PAID") REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PARTRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSES IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E., PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOEPRATIVE'S BY-LAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2020 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PAGE 2, PART III, LINE 4D | SALE OF BROADBAND SERVICES TO MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | YES |
| FORM 990, PAGE 6, PART VI, LINE 7B | YES |
| FORM 990, PAGE 6, PART VI, LINE 11B | FINAL DRAFT OF 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ON A PERIODIC BASIS, ALL EMPLOYEES AND DIRECTORS WILL BE PRESENTED WITH A COPY OF THE CODE, RECEIVE TRAINING AND PERIODIC COMMUNICATIONS TO INSURE THAT EMPLOYEES AND DIRECTORS ARE FAMILIAR WITH THE CONTENTS AND REQUIREMENTS OF THIS POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPANY RETAINS THE SERVICES OF AN OUTSIDE CONSULTANT FOR COMPENSATION REVIEW. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COMPANY RETAINS THE SERVICES OF AN OUTSIDE CONSULTANT FOR COMPENSATION REVIEW. |
| FORM 990, PAGE 6, PART VI, LINE 19 | BY-LAWS ARE PROVIDED TO ALL NEW MEMBERS UPON MEMBERSHIP AND AVAILABLE ON THE COMPANY'S WEBSITE. |
| FORM 990, PART IX, LINE 11G | PURCHASED POWER-NET OF CREDIT 30,509,936 0 0 TRANSMISSION EXPENSE 825 0 0 DIST EXPENSE - OPERATION 3,578,236 0 0 DIST EXPENSE - MAINTENANCE 3,363,251 0 0 CUSTOMER ACCOUNTS EXPENSE 2,073,510 0 0 CUSTOMER SERV & INFO EXPNESE 256,225 0 0 SALES EXPENSE 266,407 0 0 ADMIN & GENERAL EXPENSE 5,828,538 0 0 TAX EXPENSE - OTHER 1,100 0 0 INTEREST EXP - LONG-TERM DEBT 4,021,474 0 0 INTEREST EXPENSE - OTHER 18,742 0 0 OTHER DEDUCTIONS 20,686 0 0 DIRECTOR COMP REPORTED ABOVE -111,759 0 0 NONQUAL COMP REPORTED ABOVE -626,837 0 0 KEY/HCE COMP REPORTED ABOVE -2,666,838 0 0 OTHER WAGES REPORTED ABOVE -6,164,906 0 0 EMPOWER LEASES - ELIMINATED -459,952 0 0 3E8 BROADBAND SOLUTIONS, LL TRANSMISSION EXPENSE 3,591 0 0 DISTRIBUTION EXPENSE - OP 4,185,380 0 0 DISTRIBUTION EXPENSE - MA 1,578,930 0 0 CUSTOMER ACCOUNTS 150,965 0 0 CUSTOMER SERVICES 509,236 0 0 SALES EXPENSE 528,315 0 0 ADMINISTRATIVE AND GENERA 1,603,037 0 0 TOTAL 48,468,092 0 0 |
| FORM 990, PART XI, LINE 9 | TEMPORARY DIFFERENCE BETWEEN ALLOCATED 851,680 CAPITAL CREDITS AND RETIRED CAPITAL CREDITS 0 EMPOWER PATRONAGE DIFFERENCE 2,695 MEMBERSHIPS -1,929 TOTAL 852,446 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 3E8 BROADBAND SOLUTIONS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4314 STADIUM BLVD | AddressLine1Txt |
| City | JONESBORO | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823970214 | EIN |
| Primary Activities | BROADBAND | PrimaryActivitiesTxt |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Total Income | $6,082,006 | TotalIncomeAmt |
| End Of Year Assets | $15,421,825 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAIG ELE | BusinessNameLine1Txt |
| Business Name Line2 | CRAIGHEAD ELECTRIC COOPERATIVE CORP | BusinessNameLine2Txt |