2020-07-02T09:45:19-07:00 2019-12-31 751546734 CURTIS BLAKELY & CO PC 2403 JUDSON RD LONGVIEW TX 756054639 990 2019-01-01 710207627 Rich Mountain Electric Cooperative Inc RICH 4793944140 PO BOX 897 Mena AR 71953 Gerald L Philpot CEO 2020-07-02 true Kathy Jackson CPA P00934555 9037580734 2019 2020-09-23 17:36:50Z Gerald L Philpot PO BOX 897 Mena AR 71953 17300960 false X www.rmec.com X 1945 AR RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. 9 9 32 0 0 16323451 16431806 483515 541977 501856 327177 17308822 17300960 0 300000 300000 1180379 1445088 0 0 14233495 14658026 15713874 16403114 1594948 897846 70254335 73856381 44988094 47692763 25266241 26163618 RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. false false 16403114 RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS. 16403114 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 false false false true 42 0 true 32 false false false false false false 16431806 869154 false false false X 9 9 false false false false true true false true true false false true true true false false true true true false X Christinia Parker 4793944140 515 Janssen Avenue MENA AR 71953 Gerald L Philpot CEO 40.00 0.00 X 219063 0 72441 BRADLY A CASTOR ASSISTANT GM 40.00 0.00 147093 0 57217 BRIAN DIXON EMPLOYEE 40.00 0.00 108028 0 46310 Chris Parker Office Manager 40.00 0.00 102345 0 44629 RICKY J STROTHER EMPLOYEE 40.00 0.00 110172 0 35152 SAMUEL PEARL EMPLOYEE 40.00 0.00 101325 0 42767 Buddy Newbolt Chairman 14.00 0.00 X X 46106 0 0 TOMMY MILLER Director 14.00 0.00 X 46106 0 0 Gary Bearden Director 14.00 0.00 X 44106 0 0 Danny Hansbrough Director 14.00 0.00 X 43306 0 0 Mark Robbins Treasurer 14.00 0.00 X X 42906 0 0 Hershel Bell Director 14.00 0.00 X 38906 0 0 Larry Dunaway VICE CHAIRMAN 14.00 0.00 X X 36506 0 0 George Tilley Director 14.00 0.00 X 32506 0 0 Betty Smith Director 14.00 0.00 X 28098 0 0 1146572 298516 6 false true false MDR Construction 621 EAST BAYLIS CHAPEL RD COLUMBIA MS 39429 Construction 1370664 1 0 Electric Energy Sales 221000 16431806 16431806 16431806 541977 541977 0 0 59534 59534 59534 59534 0 0 0 0 Capital Credits Received 267643 267643 267643 17300960 17300960 0 0 0 300000 300000 650052 650052 0 795036 795036 0 0 0 0 39000 39000 34200 34200 0 0 0 0 0 0 0 0 0 0 0 0 1608921 1608921 0 2349156 2349156 0 Cost of Power Purchased 8293885 8293885 Consumer Accounts 916736 916736 Distribution Operations 643796 643796 Administrative & General 421961 421961 350371 350371 16403114 16403114 0 0 120944 109983 2152658 2503399 0 2367723 2254598 0 0 0 427962 447433 152517 181520 85396086 23772896 58182938 61623190 0 0 6849593 6736258 0 0 70254335 73856381 867304 908206 42991993 45576712 1128797 1207845 44988094 47692763 X 62535 62425 25203706 26101193 25266241 26163618 70254335 73856381 X 897846 -469 X false true X true false 392656 392656 1804981 1058671 746310 6637824 3893262 2744562 76560625 18820963 57739662 61623190 6736258 Accrued Property Taxes 504473 Accrued Sick & Vacation 130899 Customer Advance for Constr 105680 Customer Deposits 316438 Interest Payable 4731 Patronage Capital Payable 56022 Sales & Payroll Tax Payable 89602 1207845 17300960 17300960 17300960 16403114 16403114 16403114 false false false BRADLY A CASTOR ASSISTANT GM 147093 29177 28040 204310 BRIAN DIXON EMPLOYEE 108028 19882 26428 154338 Gerald L Philpot CEO 219063 43732 28709 291504 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder As a cooperative, all of the individuals or businesses that are provided electric service through the cooperative are members of the cooperative. Form 990, Part VI, Line 11b: Form 990 Review Process The Coop's CEO and Board Chairman review and discuss the contents of Form 990 prior to it being filed. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE COOPERATIVE'S CEO IS GIVEN A PERFORMANCE VALUATION BY THE BOARD ON AN ANNUAL BASIS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees EACH EMPLOYEE RECEIVES AN ANNUAL PERFORMANCE EVALUATION BY THE CEO AT WHICH TIME THEIR ANNUAL COMPENSATION IS REVIEWED. ALL RESULTS ARE DOCUMENTED IN THE EMPLOYEES' FILES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available A COPY OF THE BY-LAWS ARE GIVEN TO EACH MEMBER WHEN THEY JOIN THE COOPERATIVE AND THE BY-LAWS ARE PUBLISHED ANNUALLY IN THE COOP'S RURAL ARKANSAS MAGAZINE WHICH IS DISTRIBUTED TO ALL MEMBERS. A COPY OF THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION FOR ALL MEMBERS AT THE COOPERATIVE'S BUSINESS OFFICE DURING NORMAL BUSINESS HOURS. Other Changes In Net Assets Or Fund Balances - Other Decreases DECREASE IN DONATED CAPITAL = -$359 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease in membership fees = -$110