SOMERSET RURAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- SOMERSET RURAL ELECTRIC COOPERATIVE INC (EIN 25-0807950)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-06-22
- IRS object ID
- 202021749349300802
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-06-22T09:01:00-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 251284515 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEER REAM CO | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 629 | AddressLine1Txt |
| City | SOMERSET | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 155010629 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 250807950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOMERSET RURAL ELECTRIC COOP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOME | BusinessNameControlTxt |
| Phone | 8144454106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 223 INDUSTRIAL PARK | AddressLine1Txt |
| City | SOMERSET | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 15501 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CLARENCE B WALTERMIRE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8144454106 | PhoneNum |
| Signature | 2020-05-26 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA J COLEMAN EA | PreparerPersonNm |
| PTIN | P01457923 | PTIN |
| Phone | 8144455440 | PhoneNum |
| Preparation | 2020-05-26 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.248.65.13 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-06-22 | IPDt |
| IP Tm | 09:01:00 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 244C918AEEE912BAF56727619DC3B2402C4225B2 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 541BE4ABB34739061E734F8D9B26E9A3DC6B9724 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CLARENCE B WALTERMIRE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 223 INDUSTRIAL PARK ROAD | AddressLine1Txt |
| City | SOMERSET | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 15501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,447,650 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://WWW.SOMERSETREC.COM/WPI/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Activity Or Mission | PROVIDE ELECTRIC SERVICE TO MEMBERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,740,624 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,405,003 | CYProgramServiceRevenueAmt |
| PY Investment Income | $41,910 | PYInvestmentIncomeAmt |
| CY Investment Income | $42,647 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $22,782,534 | PYTotalRevenueAmt |
| CY Total Revenue | $23,447,650 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $325,926 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $299,313 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,897,989 | PYOtherExpensesAmt |
| CY Other Expenses | $21,198,012 | CYOtherExpensesAmt |
| PY Total Expenses | $21,223,915 | PYTotalExpensesAmt |
| CY Total Expenses | $21,497,325 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,558,619 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,950,325 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $40,566,720 | TotalAssetsBOYAmt |
| Total Assets EOY | $41,812,306 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,679,830 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,633,935 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $29,886,890 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $29,178,371 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE ELECTRIC SERVICE TO MEMBERS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $20,382,166 | ExpenseAmt |
| Desc | THE COOPERATIVE PROVIDES ELECTRICAL SERVICES TO APPROXIMATELY 13,000 MEMBERS. | Desc |
| Total Program Service Expenses | $20,382,166 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 44 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $22,403,506 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,001,497 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RUSTON OGBURN GENERAL MANAGER | PersonNm |
| Phone | 8144454106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | INDUSTRIAL PARK | AddressLine1Txt |
| City | SOMERSET | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 15501 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Key EmployeeKeyEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| RUSTON OGBURN | |||||||
| GENERAL MANA | 40.00 | Yes (X) | $213,933 | $0 | $85,380 | ||
| CLARENCE B WALTERMIRE | |||||||
| PRESIDENT | 2.00 | $5,800 | $0 | $897 | Yes (X) | Yes (X) | |
| HARVEY RECKNER | |||||||
| DIRECTOR | 2.00 | $5,400 | $0 | $1,290 | Yes (X) | ||
| JERRY L ENGLE | |||||||
| VICE PRESIDE | 2.00 | $5,800 | $0 | $718 | Yes (X) | Yes (X) | |
| FLOYD LEHMAN | |||||||
| DIRECTOR | 2.00 | $5,200 | $0 | $1,055 | Yes (X) | ||
| LOWELL L FRIEDLINE | |||||||
| SECRETARY/TR | 2.00 | $3,600 | $0 | $20 | Yes (X) | Yes (X) | |
| CARL HAY JR | |||||||
| DIRECTOR | 2.00 | $3,400 | $0 | $178 | Yes (X) | ||
| WILLIAM L GLESSNER | |||||||
| DIRECTOR | 2.00 | $3,400 | $0 | $55 | Yes (X) | ||
| WAYNE E SECHLER | |||||||
| DIRECTOR | 2.00 | $2,400 | $0 | $95 | Yes (X) | ||
| JOSH SECHLER | |||||||
| DIRECTOR | 2.00 | $1,800 | $0 | $272 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $250,733 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $89,960 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PENN LINE SERVICE | |||||
| PO BOX 280 | INDIANA | PA | 15701 | TREE/RIGHT OF W | $1,107,234 |
| B&L TREE SERVICE | |||||
| 924 SIDES RD | MANNS CHOICE | PA | 15551 | TREE/RIGHT OF W | $951,575 |
| BOTTENFIELD POWERLINE CONST CO | |||||
| RR2 BOX 27 | HOLLIDAYSBURG | PA | 16648 | CONSTRUCTION | $794,614 |
| TOP NOTCH TREE CARE LLC | |||||
| 215 TATUNKA TRL | SOMERSET | PA | 15501 | TREE/RIGHT OF W | $290,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| ELECTRIC ENERGY SALES | $22,013,937 | $22,013,937 |
| MISC RENTAL | $650,494 | $650,494 |
| GEOTHERMAL AND HVAC | $389,569 | $389,569 |
| OTHER INCOME | $351,003 | $351,003 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $23,405,003 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,647 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,647 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,447,650 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,447,650 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,313 | TotalAmt |
| Management And General | $299,313 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,307 | TotalAmt |
| Program Services | $305,307 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,777,858 | TotalAmt |
| Program Services | $1,777,858 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PURCHASED POWER | $11,349,704 | $11,349,704 | |
| DISTRIBUTION EXPENSE | $5,754,544 | $5,754,544 | |
| CONSUMER ACCOUNTS EXPENSE | $908,862 | $908,862 | |
| GENERAL & ADMINISTRATIVE | $815,846 | $815,846 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $285,891 | TotalAmt |
| Program Services | $285,891 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,497,325 | TotalAmt |
| Program Services | $20,382,166 | ProgramServicesAmt |
| Management And General | $1,115,159 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,342,133 | BOYAmt |
| EOY | $1,507,975 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,411,441 | BOYAmt |
| EOY | $2,114,997 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,002 | BOYAmt |
| EOY | $727,782 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,977 | BOYAmt |
| EOY | $29,903 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $56,195,132 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,799,154 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,487,638 | BOYAmt |
| EOY | $30,395,978 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,698,529 | BOYAmt |
| EOY | $7,035,671 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,566,720 | BOYAmt |
| EOY | $41,812,306 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,396,598 | BOYAmt |
| EOY | $2,124,526 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,592,175 | BOYAmt |
| EOY | $6,919,076 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,691,057 | BOYAmt |
| EOY | $3,590,333 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,679,830 | BOYAmt |
| EOY | $12,633,935 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,286,722 | BOYAmt |
| EOY | $1,404,730 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,600,168 | BOYAmt |
| EOY | $27,773,641 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,886,890 | BOYAmt |
| EOY | $29,178,371 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,566,720 | BOYAmt |
| EOY | $41,812,306 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,950,325 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$2,658,844 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $638,355 | InvestmentCostOrOtherBasisAmt |
| Book Value | $638,355 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,414,420 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $2,281,399 | DepreciationAmt |
| Book Value | $133,021 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $52,172,221 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $23,517,755 | DepreciationAmt |
| Book Value | $28,654,466 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $970,136 | InvestmentCostOrOtherBasisAmt |
| Book Value | $970,136 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $30,395,978 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| PATRONAGE CAPITAL DUE FROM OTHER | $5,293,716 |
| INVESTED IN ASSOC. ORGANIZATIONS | $845,098 |
| UNBILLED REVENUE | $434,886 |
| DEFERRED DEBIT | $396,939 |
| DEFERRED CHARGES | $65,032 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $7,035,671 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $1,017,010 |
| DEFERRED CREDITS | $802,210 |
| POST-RETIREMENT BENEFIT OBLIGATIONS | $691,132 |
| ACCUMULATED MISCELLANEOUS OPERATING | $641,636 |
| OTHER CURRENT LIABILITIES | $438,345 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,590,333 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $23,447,650 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $23,447,650 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $23,447,650 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $21,497,325 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $21,497,325 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $21,497,325 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RUSTON OGBURN | PersonNm |
| Title | GENERAL MANAGER | TitleTxt |
| Base Compensation Filing Org | $213,933 | BaseCompensationFilingOrgAmt |
| Nontaxable Benefits Filing Org | $85,380 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $299,313 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 7A | BY MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7B | GOVERNING DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | ALL DIRECTORS ARE PROVIDED A DRAFT COPY OF THE 990 FOR REVIEW PRIOR TO SUBMISSION. THE FINAL FORM 990 IS APPROVED AT THE FORMAL BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANNUAL REVIEW OF POLICY |
| FORM 990, PAGE 6, PART VI, LINE 15A | REVIEW BY BOARD & NRECA STATE REGIONAL COMPENSATION, SURVEY DATA PROVIDED BY NRECA |
| FORM 990, PAGE 6, PART VI, LINE 19 | CONDENSED FINANCIAL INFORMATION IN MAGAZINE SENT TO ALL MEMEBERS AND DELIVERED IN PRINTED FORMAT AT ANNUAL MEETING. FULL DISCLOSURE OF FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL - INCREASING 118,007 PATRONAGE CAPTIAL ADJUSTMENT 422,307 RETIREMENT OF CAPITAL CREDITS - DECREASING -3,195,268 MEMBERSHIPS ISSUED, NET - DECREASING -3,890 TOTAL -2,658,844 |