2020-11-12T11:15:21-06:00 2019-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2019-01-01 710122860 MISSISSIPPI COUNTY ELECTRIC COOPERATIVE INC % BRAD HARRISON MISS 8707634563 PO BOX 7 BLYTHEVILLE AR 723160007 BRAD HARRISON PRESIDENT/CEO 8707634563 2020-11-04 true AMBER SHERRILL P00748683 5013721040 167.68.126.162 71015520203175000001 2020-11-12 P 5C78A0EB25468B4AA4B79E764D8782665D95DC96 3F910C2EA158F392107FD01EE4BF28EF5850A170 2019 2021-04-22 16:20:28Z BRAD HARRISON 510 NORTH BROADWAY BLYTHEVILLE AR 72315 161885279 false X WWW.MCECI.COM X 1938 AR IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY. 5 5 22 0 0 0 0 171679612 161183303 627880 688768 6043 13208 172313535 161885279 0 0 7517058 6999968 1884669 1930831 0 0 0 164383435 154414947 173785162 163345746 -1471627 -1460467 105234971 108716363 29105311 29195577 76129660 79520786 TO PROVIDE ELECTRIC UTILITY SERVICE TO THE COOPERATIVE'S 3,107 MEMBER AND ANY POTENTIAL MEMBERS WITHIN THE COOPERATIVE'S ALLOCATED TERRITORY. false false PROVIDED 3,419,764,628 KWH TO 4,801 ACCOUNTS. 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 22 0 true 22 true false false false false false 159843252 2028819 false false false X 5 5 false false false false true true false true true false false true true true true true true false false false X BRAD HARRISON 8707634563 510 NORTH BROADWAY BLYTHEVILLE AR 72315 X BRAD HARRISON PRESIDENT/CEO 40.0 0.0 X 234279 0 107623 BRANDON JENKINS V.P. FINANCE & ADMINISTRATION 40.0 0.0 X 112380 0 62504 DIANA HOLMES SECRETARY AND TREASURER 10.3 0.0 X X 24906 0 0 CHARLES BROWN DIRECTOR 10.3 0.0 X 21535 0 0 NEIL BURGE CHAIRMAN 10.3 0.0 X X 19677 0 0 DAVID WILDY VICE CHAIRMAN 10.3 0.0 X X 18135 0 0 ROBERT E DAVIS CHAIRMAN 10.3 0.0 X X 15145 0 0 ROBERT LYNN DAVIS DIRECTOR 10.3 0.0 X 6555 0 0 452612 0 170127 2 false true false ARKANSAS ELECTRIC COOPERATIVES INC PO BOX 194208 LITTLE ROCK AR 72219 CONSTRUCTION SERVICE 511830 ARKANSAS ELECTRIC COOPERATIVES INC PO BOX 194208 LITTLE ROCK AR 72219 TREE TRIMMING 192792 COOPERATIVE BUILDING SOLUTIONS 77 WESTPORT PLAZA DRIVE SUITE 250 ST LOUIS MO 63146 CONSTRUCTION SERVICE 677440 3 0 PATRONAGE CAPITAL 221000 1452240 1452240 PROGRAM SERVICE REVENUE 221000 159731063 159731063 161183303 688768 688768 0 0 13208 0 13208 13208 13208 0 0 0 0 0 0 0 0 0 0 0 161885279 161183303 701976 0 0 0 6999968 622739 0 1066323 87500 34257 120012 0 0 151513 0 0 0 0 125733 0 90338 238116 0 0 0 5583 490243 0 1845327 2965 COST OF POWER 149982695 DIST. EXPENSE - MAINTENANCE 748645 CUSTOMER ACCOUNTS EXPENSE 98562 DIST. EXPENSE - OPERATION 148469 486758 163345746 2632949 4559315 5338707 5564348 0 0 13566553 12938092 0 0 0 0 0 0 621968 592723 460630 388401 61541105 15152595 43605484 46388510 0 0 0 0 39008680 38284974 0 0 0 0 105234971 108716363 13090682 13784128 0 0 0 0 0 0 0 0 0 0 12982629 12025539 0 0 3032000 3385910 29105311 29195577 X 0 0 0 0 76129660 79520786 76129660 79520786 105234971 108716363 X -1460467 4851593 X false true X false false 498089 498089 993007 184374 808633 59146039 14968221 44177818 903970 903970 46388510 ARK. ELEC COOP PATRONAGE CAP. 38003181 C NRUCFC MEMBERSHIP 1000 C NFUCFC CAPITAL TERM CERT. 256847 C CRC MEMBERSHIP 2500 C HOMESTEAD FUND DEFERRED COMP. 18946 F MEMBERSHIP TOUCHTONE 2500 C 38284974 0 ACCUM PROV FOR PENSIONS & BENE 3233613 CONSUMER DEPOSITS 152297 3385910 161842947 161842947 42332 42332 161885279 156303446 156303446 7042300 7042300 163345746 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 XI, LINE 4B EXPENSES NET WITH OTHER INCOME ON AUDIT $42,332. FORM 990, SCHEDULE D, PART XII, LINE 4B 2019 PATRONAGE ALLOCATED TO MEMBERS $6,999,968. EXPENSES NET WITH OTHER INCOME ON AUDIT $42,332. ------------------------------------------------------- TOTAL $7,042,300. =========== X false true X false false false BRAD HARRISON PRESIDENT/CEO 220900 0 6740 0 6639 0 85350 0 22273 0 341902 0 0 0 BRANDON JENKINS V.P. FINANCE & ADMINISTRATION 103714 0 6740 0 1926 0 41069 0 21435 0 174884 0 0 0 SCHEDULE J, PART I, LINE 1A BRAD HARRISON, PRESIDENT/CEO WAS REIMBURESD FOR ANNUAL MEMBERSHIP DUES TO BLYTHEVILLE COUNTRY CLUB. THE COMPENSATION WAS TAXABLE. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. FORM 990, PART VI, SECTION B, LINE 11B THE V.P. OF FINANCE AND ADMINISTRATION, AS WELL AS, BOARD MEMBERS REVIEW FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY INDIVIDUAL BOARD OF DIRECTOR OR EMPLOYEE WHO BELIEVES THAT THEY OR AN IMMEDIATE MEMBER OF THEIR FAMILY MIGHT HAVE A REAL OR APPARENT CONFLICT OF INTEREST IS TO FILE A NOTICE OF DISCLOSURE AS WELL AS ABSTAIN FROM: PARTICIPATING IN DISCUSSIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT, USING PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING ACTIONS ON BEHALF OF THE ORGANIZATION WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN BY LAW, AGREEMENT OR OTHERWISE. ALL DISCLOSURES OF REAL OR APPARENT CONFLICT SHALL BE NOTED IN THE MINUTES OF THE BOARD OF DIRECTORS. AT THE DISCRETION OF THE BOARD OF DIRECTORS OR THE PRESIDENT/CEO, A PERSON WITH A REAL OR APPARENT CONFLICT OF INTEREST MAY BE EXCUSED FROM ALL OR A PORTION OF DISCUSSION OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 6 THE AMOUNT LISTED AS PERSONAL PROPERTY RENT IS POLE RENTAL INCOME AND IS EXCLUDED FROM UNRELATED BUSINESS INCOME. FORM 990, PART IX, LINE 4 AMOUNT NOTED ON THIS LINE RELATES TO PATRONAGE DIVIDENDS ALLOCATED AFTER 2019 YEAR END FOR THE 2019 YEAR. FORM 990, PART XI, LINE 9 PATRONAGE ALLOCATED $ 6,999,968 INCREASE IN RETIRED CAPITAL CREDITS 70,623 CHANGE IN MEMBERSHIP FEES (225) RETIREMENT OF CAPITAL CREDITS (1,999,970) CHANGE IN FUNDED STATUS OF POSTRETIREMENT BENEFIT OBLIGATIONS (218,803) --------------- OTHER CHANGES IN NET ASSETS $ 4,851,593 FORM 990, PAGE 1, PART I, LINES 14 & 19 THE ORGANIZATION DOES NOT ALLOCATE GENERATION & TRANSMISSION (G&T) CAPITAL CREDITS UNTIL THE YEAR THEY ARE PAID IN CASH TO THE ORGANIZATION. ONCE THE ORGANIZATION RECEIVES THE CAPITAL CREDIT CASH PAYMENT, THE CAPITAL CREDIT RETIREMENT IS PAID OUT IN THE SAME ROTATION AS THE ORGANIZATIONS PATRONAGE CAPITAL. BELOW IS A RECONCILIATION OF NET MARGIN TO CURRENT YEAR CAPITAL CREDITS AND PATRONAGE ALLOCATED: NET MARGIN 12/31/2019 BEFORE G&T AND PATRONAGE ALLOCATION $5,539,501 G&T CAPITAL CREDITS ALLOCATIONS FOR 2019 (0) INTEREST AND DIVIDEND INCOME (662,654) G&T CAPITAL CREDITS RETIRED IN CASH IN 2019 2,123,121 ------------- PATRONAGE ALLOCATED TO MEMBERS FOR 2019 (LINE 14) 6,999,968 G&T CAPITAL CREDITS ALLOCATIONS FOR 2019 0 INTEREST AND DIVIDEND INCOME 662,654 G&T CAPITAL CREDITS RETIRED IN CASH IN 2019 (2,123,121) --------------- REVENUE LESS EXPENSES (LINE 19) (1,460,467)