2020-05-12T15:39:24-05:00 2019-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2019-01-01 230394875 BEDFORD RURAL ELECTRIC COOPERATIVE INC BEDF 8146235101 PO BOX 335 BEDFORD PA 155220335 BRENT KAUFFMAN FINANCE MANAGER 8146235101 2020-05-12 1 JAMES C ALEXANDER IV CPA P01384001 7166645104 208.105.187.210 2020-05-12 16:32:22 ED P 0F8E2851FD416ACFB00AA7630511EF29DE290C73 01D9D9A006A371D6757D6E1FD5218252CEC6965D 2019 2021-04-22 16:20:28Z BROOKS SHOEMAKER PO BOX 335 BEDFORD PA 155220335 30988366 0 X WWW.BEDFORDREC.COM X 1939 PA DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS. 9 9 29 0 0 0 0 0 0 0 45193 45278 8910963 8748911 8956156 8794189 0 0 1967808 1601245 385401 395158 0 0 0 6602947 6797786 8956156 8794189 0 0 51075752 50384631 24888256 23576628 26187496 26808003 X DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS. 0 0 DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS. DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL BEDFORD, PA ON A COOPERATIVE BASIS 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 29 1 0 0 0 0 0 0 0 30533927 230582 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X BRENT KAUFFMAN 8146235101 8846 LINCOLN HIGHWAY BEDFORD PA 15522 EARL GARLAND DIRECTOR 5.00 X 4716 0 0 PAUL RUMMEL JR DIRECTOR 5.00 X 5266 0 0 DALE SPRIGG II DIRECTOR 5.00 X 4266 0 0 JOHN OLDHAM DIRECTOR 5.00 X 3591 0 0 RONALD WILKINS SECRETARY 5.00 X X 5191 0 0 REUBEN LAFFERTY TREASURER 5.00 X X 4266 0 0 DONALD HOENSTINE VICE PRESIDENT 5.00 X X 3366 0 0 ROBERT KOONTZ PRESIDENT 5.00 X X 2091 0 0 BRIAN HOOVER DIRECTOR 5.00 X 6291 0 0 BROOKS SHOEMAKER CEO 40.00 X 170270 0 60967 BRENT KAUFFMAN FINANCE MANAGER 40.00 X 86786 0 38091 RYAN YOUNG ENGINEERING MANAGER 40.00 X 104009 0 44269 400109 0 143327 2 0 1 0 B&L TREE SERVICE 924 SIDES ROAD MANNS CHOICE PA 15550 TREE TRIMMING 1046432 AYERS LINE CONSTRUCTION 411 RIDGE ROAD WILLIAMSBURG PA 16693 LINE CONSTRUCTION 734598 2 45278 45278 30498652 22194177 8304475 8304475 PAT CAP OF ASSOC. ORGS 221000 444436 444436 444436 8794189 8304475 0 489714 1601245 395158 556889 1388138 DISTRIBUTION MAINTENANC 1786627 DISTRIBUTION OPERATIONS 1248781 ADMINISTRATION AND GENE 1098688 CONSUMER ACCOUNTS 526796 191867 8794189 927005 561940 1144031 44031 2997342 2788318 761265 757254 601815 520335 50374394 12280542 37280800 38093852 7363494 7618901 51075752 50384631 4438428 3685758 18537591 18100799 1912237 1790071 24888256 23576628 X 0 0 297307 314447 25890189 26493556 26187496 26808003 51075752 50384631 X 0 620507 X 0 1 X 1 0 65273 65273 1046009 804043 241966 47903743 11476499 36427244 1359369 1359369 38093852 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 7618901 C 7618901 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 821232 MISC OPERATING RESERVES 233707 DEFERRED CREDITS 735132 1790071 30988366 22194177 22194177 8794189 0 8794189 29387121 22194177 22194177 7192944 1601245 1601245 8794189 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: CURRENT YEAR MARGINS ALLOCATED TO MEMBERS PART XII, LINE 4B - THE IRS REQUIRES THE ALLOCATION OF CURRENT YEAR MARGINS TO BE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ALLOCATIONS OF CAPITAL CREDITS ARE NOT SHOWN AS EXPENSES ON THE COOPERATIVE'S STATEMENT OF ACTIVTIES BUT RATHER ARE ALLOCATED TO MEMBERS THROUGH EQUITY. THEREFORE, THE RECONCILIATION ABOVE IS NECESSARY TO SHOW THE DIFFERENCES BETWEEN THE IRS FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. PART X, LINE 2 - THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2016 AND LATER YEARS. X X 0 0 0 BROOKS SHOEMAKER CEO 170270 0 0 0 0 0 42605 0 18362 0 231237 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERS OF RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - FORM 990 PROVIDED TO BOARD MEMBERS VIA ELECTRONIC OR PAPER FORMAT BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND SIGNED ANNUALLY. THE FORMS ARE RETAINED AT THE COOPERATIVE WITH A SUMMARY OF CONFLICTS PROVIDED TO THE BOARD AND MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE CONSULTANT FROM NRECA PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART XI, LINE 9: GAIN FROM RETIRED CAPITAL CREDITS 17,140. CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS 1,601,245. RETIREMENT OF CAPITAL CREDITS -1,211,019. OTHER POST RETIREMENT BENEFIT ACTUARIAL GAIN 213,141.