2020-05-26T06:40:23-05:00 2019-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2019-01-01 750357146 J-A-C ELECTRIC COOPERATIVE INC J-A- 9408953311 1784 FM 172 HENRIETTA TX 76365 TROY S WILEY GENERAL MANAGER 9408953311 2020-05-19 true MICHAEL K BURKE CPA P00054433 9187498337 2020-05-19 64.207.232.134 2020-05-26 06:40:23 CD P D6994BFBE7EBEBB5016FF5D025B336E698C55167 6F899C241B8E6E16B6B3FF0B9DE310D088781529 2019 2021-04-22 16:20:28Z TROY S WILEY 4444 DYE MOUND RD FORESTBURG TX 76239 10321796 false X WWW.JACELECTRIC.COM X 1938 TX TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE. 7 7 18 0 0 9757591 10163263 27972 32409 122618 126029 9908181 10321701 0 776821 1009220 373536 330447 0 0 8757824 8982034 9908181 10321701 0 24970180 26106180 3652719 3531969 21317461 22574211 TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 5,922 ACTIVE SERVICES AT YEAR-END (7,157 TOTAL SERVICES IN PLACE - 1,235 IDLE SERVICES)WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. 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 false false false true 21 0 false 18 true false false false false false 9743233 383675 false false false X 7 7 false false false false true true true true true false false false true true false true true true true false TX X SHANE WILEY GENERAL MANAGER 9408953311 1784 FM 172 HENRIETTA TX 76365 TROY S WILEY GENERAL MANA 45.00 0.00 X 122721 0 66650 ELAINE MARTIN PRESIDENT 4.00 0.00 X X 31128 0 0 BILL PURSLEY DIRECTOR/SEC 4.00 0.00 X X 30953 0 0 MARVIN JOE GEIS DIRECTOR 4.00 0.00 X 28503 0 0 EDDIE LUIG JR DIRECTOR 4.00 0.00 X 16711 0 0 JIM PENNINGTON VICE PRESIDE 4.00 0.00 X X 16013 0 0 MARK MATHEWS DIRECTOR 4.00 0.00 X 14263 0 0 KENNETH TEICHMAN DIRECTOR 4.00 0.00 X 3504 0 0 263796 66650 2 false true false HARDIN TREE INC PO BOX 310 OOLOGAH OK 74053 TREE CLEARING 510616 OSMOSE UTILITIES SERVICES INC 635 HIGHWAY 74 SOUTH PEACHTREE CITY GA 30269 POLE INSPECTION 100993 2 SALE OF ELECTRIC ENERGY 221000 9601978 9601978 PATRONAGE DIVIDENDS 221000 420030 420030 ACCOUNT SERVICE CHARGES/FEES 221000 74101 74101 WIND FARM REVENUE 221000 67154 67154 10163263 30027 30027 24854 24854 24854 24854 2477 95 2382 2382 2382 MISC REVENUE 101175 101175 101175 10321701 10163263 158438 1009220 330447 3814 763485 POWER COST 5885400 DISTRIBUTION EXPENSE 1415429 ADMIN & GENERAL 512555 CONSUMER ACCOUNT EXPENSES 401351 10321701 0 0 0 X 118113 168244 139786 146442 1056145 1018734 239421 298888 375276 717686 25574395 8921022 16109706 16653373 6927606 7098641 4127 4172 24970180 26106180 1228730 1388168 53235 2370754 2143801 3652719 3531969 X 55015 56025 70672 80914 21191774 22437272 21317461 22574211 24970180 26106180 X 0 1256750 X false true X true false 6673 6673 25567722 8921022 16646700 16653373 INVESTMENT IN ASSOC ORGANIZATIONS 6763544 C CAPTIAL TERM CERTIFICATES 332997 C ASSOC ORGANIZATIONS MEMBERSHIP 2000 C OTHER INVESTMENTS 100 C 7098641 ACCUM PROV POSTRETIREMENT BENEFITS 1147566 DEFERRED CREDIT 816471 CONSUMER DEPOSITS 179764 2143801 X 10321701 10321701 10321701 9312481 9312481 1009220 1009220 10321701 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 1,009,220 X X X false false false TROY S WILEY GENERAL MANAGER 120839 1882 34021 32629 189371 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 THE BOARD IS FURNISHED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. THEY REVIEW THE INFORMATION PRESENTED AND POST QUESTIONS, IF ANY, TO THE GENERAL MANAGER FOR RESOLUTION PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD PERFORMS THE ANNUAL REVIEW OF THE MANAGER. SALARY FOR MANAGEMENT IS BASED ON THE NRECA AND BRAZOS SALARY AND COMPENSATION SURVEYS OF ALL TEXAS COOPERATIVE GENERAL MANAGERS. THE MANAGER PROPOSES THE OTHER EMPLOYEE SALARY RAISES AND THE BOARD HAS FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD PERFORMS THE ANNUAL REVIEW OF THE MANAGER. SALARY FOR MANAGEMENT IS BASED ON THE NRECA AND BRAZOS SALARY AND COMPENSATION SURVEYS OF ALL TEXAS COOPERATIVE GENERAL MANAGERS. THE MANAGER PROPOSES THE OTHER EMPLOYEE SALARY RAISES AND THE BOARD HAS FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S MAIN OFFICE. IN ADDITION, THE FORM 990 IS POSTED ON GUIDESTAR. FORM 990, PART X FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSES CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINE 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART IX: 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 AUDITED 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 ALLOCED 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" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 1,010 INCREASE IN AOCI 241,101 INCREASE IN OTHER EQUITIES 10,242 PATRONAGE DIVIDEND ALLOCATED 1,009,220 RETIREMENT OF CAPITAL CREDITS -4,823 TOTAL 1,256,750