2020-09-08T12:40:40-05:00 2019-12-31 341495118 BASHORE REINECK STOLLER & WATERMAN INC PO BOX 249 PAULDING OH 45879 990 2019-01-01 344325955 PAULDING PUTNAM ELECTRIC CO-OP INC PAUL 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE W CARTER CEO 4193995015 2020-09-04 true MATTHEW F REINECK CPA P00116343 4193993686 2020-08-31 199.38.205.74 2020-09-08 12:40:40 CD P 355C6A180F4DDE45365AFD9E19602E0A8A49D283 3A220AA6DDCE9D823999174823F6A4BABC11716B 2019 2020-11-19 02:30:22Z GEORGE W CARTER 401 MCDONALD PIKE PAULDING OH 45879 42228162 false X WWW.PPEC.COOP X 1936 OH DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. 9 9 49 0 0 41722343 40562613 2349377 1519891 136434 145542 44208154 42228046 0 6478467 5102542 1727744 1954889 0 0 36001943 35170615 44208154 42228046 0 98715815 102734025 36453597 36927150 62262218 65806875 DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. false false 41590848 40562613 DISTRIBUTION OF ELECTRICAL ENERGY TO 13,165 CONSUMERS AT 13,724 SERVICE POINTS AND THE MAINTENANCE OF APPROXIMATELY 1,700 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 41590848 false false false false false false false false false true true false 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 32 0 true 49 true false false false false false 40562613 1665433 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X ANNETTE SCHREINER 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE W CARTER CEO 40.00 X 214665 0 87544 STEVEN MCMICHAEL VICE-CHAIRMA 7.52 X X 23030 0 0 JOHN M SAXTON CHAIRMAN 7.94 X X 20245 0 0 RONALD BLACK TRUSTEE 6.40 X 18090 0 0 KEN W NIESE TRUSTEE 5.17 X 17930 0 0 JOSEPH KOHNEN TRUSTEE 5.58 X 17655 0 0 TIMOTHY A DERCK TRUSTEE 4.61 X 17105 0 0 WILLIAM DOWLER TRUSTEE 4.30 X 14055 0 0 DOUGLAS FORTMAN TRUSTEE 5.03 X 13655 0 0 JAY DANGLER SECRETARY/TR 3.79 X X 13530 0 0 369960 87544 1 false true false LINETEC SERVICES LLC 189820 N 7TH AVE SUITE 120 PHOENIX AZ 85027 LINE REBUILDS 2426144 FRANKART POWER LINE SERVICES LLC 7060 NORTH ROUTE 635 KANSAS OH 44841 LINE REBUILDS 1723966 TREECORE LLC PO BOX 353 HARBERT MI 49115 TREE TRIMMING 411381 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWA 218114 NETGAIN 220 REYNOLDS AVE BELLEFONTAINE OH 43311 IT SERVICES 193399 9 ELECTRIC SALES TO MEMBERS 40325827 40325827 METER READ & RECONNECT FEES 236786 236786 40562613 1520007 1199275 320732 108991 108991 108991 108991 116 -116 -116 -116 SHARED SERVICES 26313 26313 OTHER NON-OPERATING INCOME 10238 10238 36551 42228046 41798323 429723 5102542 154400 1610346 40548 149595 4909 20250 27632 2087653 39643 34549 1315622 3175426 34355 PURCHASED POWER COST 25455375 PROPERTY TAXES 1012194 MEMBER SERVICES 291106 DUES TO ASSOC ORGANIZATNS 236653 1435248 42228046 0 0 0 435181 1079764 2623914 194969 2722861 2520396 489105 500915 280450 285118 99647551 24698923 68833638 74948628 85926 82291 22835426 22833908 409314 288036 98715815 102734025 5753107 5903685 30484555 30817680 215935 205785 36453597 36927150 X 71313 69053 62190905 65737822 62262218 65806875 98715815 102734025 X 0 3544657 X false true X true false 444968 444968 6813576 1275332 5538244 90313474 23423591 66889883 2075533 2075533 74948628 BUCKEYE POWER, INC. CAPITAL CREDIT 15343172 C BUCKEYE POWER COMMERCIAL PAPER 2514186 F WABASH VALLEY POWER ASSOC, INC. 1650607 C BUCKEYE POWER, INC. MEMBER EQUITY 1181348 C COOPERATIVE FINANCIAL CORP (CFC) 608632 C COOPERATIVE FINANCIAL CORP (CFC) 457964 C CFC - MCS 250000 C RESCO CAPITAL CREDITS 202556 C HEARTLAND EMERGENCY EQUIPMENT LLC 189816 C FED RURAL ELECTRIC INS CO (FREIC) 141306 C NATIONAL BANK FOR COOPERATIVES 111858 C NISC 81595 C NRTC 71278 C COOPERATIVE RESPONSE CENTER 12500 C COOPERATIVE RESPONSE CENTER (CRC) 10841 C STATEWIDE 3959 C WABASH AND ASSOC ORGANIZATIONS 2185 C PAULDING LANDMARK, INC. 75 C MISCELLANEOUS 30 C 22833908 CONSUMER DEPOSITS 205785 205785 42191038 42191038 37008 37008 42228046 37088496 37088496 5139550 5139550 42228046 SCHEDULE D, PAGE 4, PART XI, LINE 4B GROSS SHARED SERVICES 26,508 NETTED DONATIONS 10,500 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT ALLOCATION TO MEMBERS 5,102,542 GROSS SHARED SERVICES 26,508 NETTED DONATIONS 10,500 X X X X false false false GEORGE W CARTER CEO 210888 3777 87544 302209 FORM 990 PART IX, LINE 4: BENEFITS PAID TO MEMBERS. THE COOPERATIVE IS INTERPRETING THE TERM "BENEFITS PAID TO MEMBERS" TO MEAN CAPITAL CREDITS ALLOCATED OR TO BE ALLOCATED TO MEMBERS FROM CURRENT YEAR NET MARGINS. FORM 990, PAGE 6, PART VI, LINE 6 ANY PERSON, FIRM, OHIO LIMITED LIABILITY COMPANY OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE AT THEIR PRIMARY RESIDENCE OR PLACE OF BUSINESS BY: (A) AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY AS HEREINAFTER SPECIFIED; AND (B) PROVIDING RIGHT OF WAY ACCESS TO ALL COOPERATIVE OWNED PROPERTY AND EQUIPMENT, (C) ALLOWING FOR THE REGULAR MAINTENANCE, IMPROVEMENT, UPGRADES AND RETIREMENTS OF ALL COOPERATIVE OWNED EQUIPMENT INCLUDING RIGHT OF WAY CLEARING AND TRIMMING, AND (C) AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION OF THE COOPERATIVE AND THE CODE OF REGULATIONS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF TRUSTEES. NO PERSON, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES IS NOMINATED AND ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF TRUSTEES ARE ELECTED FROM THE MEMBERSHIP BY THE MEMBERS. MEMBERSHIP APPROVAL IS REQUIRED FOR THE COOPERATIVE TO SELL, LEASE, MORTGAGE OR DISPOSE OF ALL OR SUBSTANTIALLY ALL ITS PROPERTY, NOT WITHSTANDING THE RIGHT OF THE TRUSTEES TO BORROW MONEY AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES. MEMBER APPROVAL IS REQUIRED TO ALTER, AMEND OR REPEAL THE CODE OF REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW A DRAFT COPY OF FORM 990 WITH THE PAID PREPARER PRIOR TO FILING. THE FORM IS READ THROUGH FOR REASONABLENESS OF RESPONSES AND INFORMATION PROVIDED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD POLICY DICTATES THAT THE CONFLICT OF INTEREST POLICY BE MONITORED BY DEPARTMENT AND ENFORCED BY DEPARTMENT HEADS. ALL EMPLOYEES OF THE COOPERATIVE ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. DURING 2019, THE DEPARTMENT HEADS DID NOT ENCOUNTER ANY CIRCUMSTANCES WHERE THE CONFLICT OF INTEREST POLICY WAS REQUIRED TO BE ENFORCED. IT IS INTENT OF THE POLICY TO AVOID CONFLICTS OF INTEREST WHEN AT ALL POSSIBLE. A CONFLICT WOULD PROHIBIT THE PERSON FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS WITH REGARD TO THE CONFLICTED TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER ON AN ANNUAL BASIS FOLLOWING GUIDELINES ESTABLISHED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) ALONG WITH RESEARCH AND REVIEW OF LOCAL, REGIONAL AND NATIONAL DATA AVAILABLE FROM NRECA AND OTHER AREA COOPERATIVES AS INDICATED ON THEIR 990 FORMS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR TRUSTEES AND OFFICERS OF THE BOARD OF TRUSTEES ARE BASED ON A DIRECTOR FEE SURVEY COMPLETED BY THE STATEWIDE ORGANIZATION - OHIO RURAL ELECTRIC COOPERATIVES, INC. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 DONATED CAPITAL 263,973 ALLOCATED CAPITAL CREDITS RETAINED 5,102,542 CAPITAL CREDITS RETIRED -1,819,598 MEMBERSHIPS REDEEMED DURING 2019 -2,260 TOTAL 3,544,657