2020-07-02T12:38:42-05:00 2019-12-31 610420207 JONES NALE & MATTINGLY PLC 642 SOUTH FOURTH ST STE 300 LOUISVILLE KY 40202 990 2019-01-01 610235235 INTER-COUNTY ENERGY COOPERATIVE INTE 8592364561 PO BOX 87 DANVILLE KY 40422 JERRY W CARTER PRESIDENT & CEO 8592364561 2020-06-18 1 TRAVIS C FRICK P00641130 5025830248 12.70.187.66 2020-06-18 11:36:34 ED P 54D2C7DBC077E426EA85D8CF6AC8004B6FF61865 BF0CB441B1062AAA076CAFF7721E3CFEB5F166A2 2019 2021-04-22 16:20:28Z JERRY W CARTER 53654445 0 X WWW.INTERCOUNTYENERGY.NET X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 26,500 CUSTOMERS PER MONTH. 6 6 70 0 0 0 0 0 50288088 51196538 96570 110685 2580436 2347222 52965094 53654445 0 0 1016100 3169917 7217241 7164644 0 0 0 44731753 43319884 52965094 53654445 0 0 131019552 134563474 85684833 86317630 45334719 48245844 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 26,500 CUSTOMERS PER MONTH. 0 0 50484528 53220046 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 26,500 CONSUMERS PER MONTH. 50484528 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 42 0 1 70 1 0 0 0 0 0 0 0 0 53220046 434399 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHEREE GILLIAM VP FINANCE 8592364561 1009 HUSTONVILLE ROAD DANVILLE KY 40422 WILLIAM GOGGIN DIRECTOR 4.00 X 18079 0 0 JOE SPALDING CHAIRMAN 5.00 X X 15568 0 0 KEVIN PRESTON SEC/TREAS 9.00 X X 30658 0 0 JASON TODD VICE CHAIRMAN 8.00 X X 28083 0 0 WILLIAM PEYTON DIRECTOR 3.00 X 21879 0 0 LOUIS KERRICK DIRECTOR 9.00 X 24136 0 0 JERRY CARTER PRESIDENT/CEO 50.00 X 173391 0 56668 DAVID PHELPS VP OPERATIONS 43.00 X 138016 0 50433 SHEREE GILLIAM VP FINANCE 45.00 X 119627 0 40727 LORI STOCKER VP, OFFICE SERVICES 42.00 X 109081 0 37947 DAN HITCHCOCK VP, MEMBER SERVICES 47.00 X 114714 0 46345 793232 0 232120 5 0 1 0 WA KENDALL PO BOX 831 LAWRENCEVILLE GA 30046 CLEAR RIGHT OF WAY 1867231 5-STAR ELECTRIC 12402 CALIBER DR OKLAHOMA CITY OK 37134 CONSTRUCTION 799534 SOUTHEASTERN DATA 100 ASHFORD CENTER DR ATLANTA GA 30330 BILLING, DATA, SOFTWARE PROVIDER 474970 STUART IRBY PO BOX 741001 MUNCIE IN 47308 ELECTRICAL DISTRIBUTION 396457 4 PROVIDE ELECTRIC SERVICE 221000 51192217 51192217 ELECTRIC MERCHANDISE 221000 4321 4321 51196538 110685 110685 G&T CAPITAL CREDITS 221000 1918661 1918661 JOINT USE ATTACHMENTS 221000 304683 304683 CAPITAL CREDITS ALLOCATED 221000 104847 104847 19031 19031 2347222 53654445 53220046 0 434399 3169917 3169917 793232 793232 3851387 3851387 823732 823732 1353599 1353599 342694 342694 56358 56358 12747 12747 2313904 2313904 4452998 4452998 218885 218885 COST OF POWER 33461944 33461944 DISTRIBUTION - OPERATIO 2920470 2920470 DISTRIBUTION - MAINTENA 2873713 2873713 ADMINISTRATIVE AND GENE 2282829 2282829 -5273964 -5273964 53654445 53654445 0 0 1848059 2588914 5916352 5528673 542004 453648 399917 414257 135897190 42787243 91463313 93109947 29930581 31765021 919326 703014 131019552 134563474 4287281 4234583 72038069 75550810 9359483 6532237 85684833 86317630 X 1059365 1068565 -1151001 -1092286 45426355 48269565 45334719 48245844 131019552 134563474 X 0 2911125 X 0 1 X 1 0 135897190 42787243 93109947 93109947 PROGRAM RELATED INVESTMENTS 31765021 F 31765021 ACCUMULATED POSTRETIREMENT BENEFITS 4891484 CUSTOMER DEPOSITS 637442 OTHER CURRENT AND ACCRUED LIABILITIES 1003311 6532237 53654445 0 53654445 0 53654445 53654445 0 53654445 0 53654445 X X 0 0 0 JERRY CARTER PRESIDENT/CEO 173391 0 0 0 0 0 0 0 56668 0 230059 0 0 0 DAVID PHELPS VP OPERATIONS 138016 0 0 0 0 0 0 0 50433 0 188449 0 0 0 SHEREE GILLIAM VP FINANCE 119627 0 0 0 0 0 0 0 40727 0 160354 0 0 0 DAN HITCHCOCK VP, MEMBER SERVICES 114714 0 0 0 0 0 0 0 46345 0 161059 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE "CREDENTIALS AND ELECTIONS COMMITTEE" MEETS EVERY YEAR THERE IS AN ELECTION TO VERIFY QUALIFICATIONS AND CERTIFY CANDIDATES FOR ELECTION TO THE BOARD OF DIRECTORS. ALL BOARD CANDIDATES, INCLUDING INCUMBENTS, MUST OBTAIN A PETITION SIGNED BY 25 OR MORE ELIGIBLE MEMBERS AND PRESENT THOSE TO THE "CREDENTIALS AND ELECTIONS COMMITTEE". DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE AT A MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. BY-LAWS MAY BE ALTERED, AMENDED, OR REPEALED AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS WITH A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY THE FORM 990 PRIOR TO FILING FOR REVIEW AND CHANGES AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. BOARD ANNUALLY EVALUATES THE PERFORMANCE OF THE PRES/CEO AND SETS COMPENSATION USING DATA SUPPLIED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. OUTSIDE CONSULTANT PROVIDES MARKET RESEARCH DATA ON EACH POSITION BASED UPON JOB DESCRIPTIONS. USUALLY, AN AVERAGE IS TAKEN FOR AT LEAST 2-3 RESULTS. THE MARKET VALUE BECOMES THE "TARGET" FOR EACH POSITION. WHETHER AN EMPLOYEE RECEIVES A MARKET ADJUSTMENT DEPENDS UPON THEIR PERFORMANCE APPRAISAL RESULTS. THE BOARD REVIEWS AND APPROVES THE STUDY. FORM 990, PART VI, SECTION C, LINE 19 THE MOST CURRENT VERSION OF THE ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE TO THE PUBLIC ON THE COOPERATIVE'S WEBSITE AND ARE ALSO AVAILABLE IN PRINTED FORM UPON REQUEST. THE ARTICLES OF INCORPORATION AND BYLAWS ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE DISTRIBUTED TO EACH MEMBER. FINANCIAL STATEMENTS ARE AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION'S WEBSITE, AND ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE AND DISTRIBUTED TO EACH MEMBER. A COPY OF THE FORM 990 IS DISPLAYED IN THE LOBBY OF EACH OFFICE. IN ADDITION, ANYONE MAY REQUEST A COPY OF THE FILING. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 58,715. INCREASE IN MEMBERSHIPS 9,200. MARGINS ALLOCATED TO MEMBERS 3,169,917. REFUNDS OF CAPITAL CREDITS -148,056. OTHER EQUITIES -178,651. FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.