2020-10-30T09:06:50-05:00 2020-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2019-07-01 630182345 SAND MOUNTAIN ELECTRIC COOPERATIVE SAND 2566382153 P O BOX 277 RAINSVILLE AL 35986 TYLER COOPER CFO/MANAGER OF FINANCE 2566382153 2020-09-29 1 KIM HUSKEY CPA P00958962 4237567771 2020-09-22 64.88.174.3 2020-09-29 13:33:54 ED P 2816277B8DDB46A475A7887EAA4D9440AB68C185 A24E5862B196F1FA8B5E44A5DA8FB47973235DE0 2019 2021-04-22 16:20:28Z TYLER COOPER 402 MAIN STREET WEST RAINSVILLE AL 35986 73157465 0 X WWW.SMEC.COOP X 1940 AL THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS 9 9 85 0 0 0 0 0 73097028 71490386 671516 627393 946956 1039686 74715500 73157465 0 0 0 0 7502646 7491084 0 0 0 65915030 63586160 73417676 71077244 1297824 2080221 115177104 114711610 51910238 49391663 63266866 65319947 TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES. 0 0 71077244 72530072 TO PROVIDE ELECTRICITY TO ITS 31,749 CONSUMERS. 71077244 0 0 0 0 0 0 0 0 0 1 0 0 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 63 0 1 85 1 0 0 0 0 0 71490386 1667079 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X TYLER COOPER 2566382153 402 MAIN STREET WEST RAINSVILLE AL 35986 DAVID HENDERSON PRESIDENT 5.00 X 17973 0 0 LARRY G GODWIN VICE-PRESIDENT 4.00 X 25083 0 0 BRAD GILBERT TRUSTEE 3.00 X 25901 0 0 LEO BOMIAN TRUSTEE 3.00 X 17262 0 0 ROLAND HENDON TRUSTEE 3.00 X 20926 0 0 RAYMOND LONG SECRETARY/TREASURER 4.00 X 19340 0 0 DANNY LACEY TRUSTEE 3.00 X 26651 0 0 LUKE FREEMAN TRUSTEE 3.00 X 16973 0 0 RANDY L BAILEY TRUSTEE 3.00 X 26401 0 0 MIKE SIMPSON CEO/GENERAL MANAGER 45.00 X 280358 0 95734 MARK MALONE CEO/GENERAL MANAGER 45.00 X 169657 0 111994 TYLER COOPER CFO/MANAGER OF FINANCE 45.00 X 0 0 0 KEVIN ANDERSON COO 45.00 X 181317 0 119833 BOYD GRABEN MANAGER OF SAFETY, REGULAT 45.00 X 137067 0 18036 DIANE B HALE MANAGER OF MEMBER SERVICES 45.00 X 126836 0 64015 BILLY R CLANTON MAINTENANCE SUPERVISOR 45.00 X 127003 0 42950 JOE REED ENGINEERING SUPERVISOR 45.00 X 126445 0 85753 JOSEPH BATES MANAGER OF ENGINEERING & POWER SUPPLY 45.00 X 125026 0 18681 R LEE BAILEY FORMER TRUSTEE 0.00 X 10006 0 0 1480225 0 556996 26 1 1 0 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 1459905 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 DATA PROCESSING SERVICES 578704 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL COLUMBIA MS 39429 UTILITY CONSTRUCTION 441179 CORBITT POWER & LIGHT LLC 203 PECAN STREET ALBERTVILLE AL 35950 UTILITY CONSTRUCTION 357579 OSMOSE UTILITIES SERVICE INC PO BOX 117284 ATLANTA GA 30368 POLE TESTING 129235 5 ELECTRIC SALES 221000 71490386 71490386 71490386 627393 627393 1039686 0 1039686 1039686 1039686 73157465 73157465 0 0 1155403 6335681 1667620 5361538 COST OF POWER 49269988 DISTRIBUTION - MAINTENA 4188566 DISTRIBUTION - OPERATIO 2958766 TAX EXPENSE 2507600 -2367918 71077244 758479 476040 7466578 6489667 745337 679373 2712607 2174109 162112645 60095847 100572598 102016798 2705683 2789533 215822 86090 115177104 114711610 11430366 9956500 35626309 34433539 4853563 5001624 51910238 49391663 X 502135 510750 0 0 62764731 64809197 63266866 65319947 115177104 114711610 X 2080221 -27140 X X 0 1 X 1 0 150374 150374 3285808 1498137 1787671 157526602 58597710 98928892 1149861 1149861 102016798 CUSTOMER DEPOSITS 2819312 POSTRETIREMENT BENEFIT OBLIGATION 2182312 5001624 73157465 0 73157465 0 73157465 71077244 0 71077244 0 71077244 PART VI, LINE 1E OTHER FIXED ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. X X X X 0 0 0 MIKE SIMPSON CEO/GENERAL MANAGER 280358 0 0 0 0 0 93921 0 1813 0 376092 0 0 0 MARK MALONE CEO/GENERAL MANAGER 169657 0 0 0 0 0 94902 0 17092 0 281651 0 0 0 KEVIN ANDERSON COO 181317 0 0 0 0 0 102741 0 17092 0 301150 0 0 0 BOYD GRABEN MANAGER OF SAFETY, REGULAT 137067 0 0 0 0 0 944 0 17092 0 155103 0 0 0 DIANE B HALE MANAGER OF MEMBER SERVICES 126836 0 0 0 0 0 46923 0 17092 0 190851 0 0 0 BILLY R CLANTON MAINTENANCE SUPERVISOR 127003 0 0 0 0 0 41137 0 1813 0 169953 0 0 0 JOE REED ENGINEERING SUPERVISOR 126445 0 0 0 0 0 83940 0 1813 0 212198 0 0 0 R LEE BAILEY FORMER TRUSTEE 10006 0 0 0 0 0 0 0 0 0 10006 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 31,749 CONSUMERS TO WHOM IT PROVIDES ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF SAND MOUNTAIN ELECTRIC COOPERATIVE ELECT THE BOARD OF DIRECTORS THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION A, LINE 7B VOTE OF MEMBERS IS REQUIRED TO ELECT TRUSTEES, CHANGE BY-LAWS, APPROVE CERTAIN PROPERTY SALES AND APPROVE SOME LIMITED OTHER ISSUES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES AND TRUSTEES ARE REQUIRED TO FILL OUT TWO SEPARATE QUESTIONNAIRES ANNUALLY DISCLOSING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SETS THE GENERAL MANAGER'S COMPENSATION SEPARATELY FROM THE OTHER EMPLOYEES AFTER REVIEWING AREA (ALABAMA RURAL ELEC. ASSOC.) SALARY SURVEYS. THE GM HAS A WRITTEN EMPLOYMENT CONTRACT. THE OTHER OFFICERS, KEY EMPLOYEES (LISTED MANAGERS) SALARY IS SET BY THE BOARD WITH A RECOMMENDATION FROM THE GM. THEY USE THE AREA SALARY SURVEY IN THE PROCESS. ALL OF OUR EMPLOYEE PAY RATES ARE SET BY THE BOARD. THE MAJORITY ARE UNDER A UNION CONTRACT THAT IS NEGOTIATED BY A COMMITTEE OF THE BOARD AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK (MEMBERSHIPS) 8,615. OTHER COMPREHENSIVE INCOME - APBO -35,755. PART XII, LINE 2C EXPLANATION AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. PART I, LINE 15: SALARIES AND WAGES AMOUNT LISTED HERE DOESN'T INCLUDE EMPLOYEE BENEFITS (OTHER THAN THAT OF OFFICERS, KEY EMPLOYEES) PG. 10, PART IX, LINES 8-23: SOME OF LINES 8 THROUGH 23 WERE NOT COMPLETED BECAUSE EXPENSES WERE SPREAD TO OTHER ACCOUNTS. THIS WAS DONE IN AN EFFORT TO MAKE THE EXPENSE STRUCTURE OF THE ELECTRIC UTILITY MORE MEANINGFUL AND ACCURATE FOR THE READERS OF THE FINANCIAL STATEMENTS. PG. 10, PART IX, LINE 24E, OTHER EXPENSES: FOR PRESENTATION PURPOSES, $7,491,084 WAS RECLASSIFIED TO SALARIES AND WAGES TO GIVE A MORE ACCURATE FIGURE. A LARGE AMOUNT OF SALARIES EXPENSE IS CAPITALIZED INTO PLANT DURING THE YEAR WHICH LEAVES THE SALARIES AND WAGES EXPENSE AMOUNT UNDERSTATED. SINCE WE RECLASSIFIED THIS AMOUNT ON PART IX, OTHER EXPENSES SHOW A NEGATIVE BALANCE.