2020-11-16T13:06:26-06:00 2019-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2019-01-01 730375582 NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE INC NORT 9182566405 P O BOX 948 VINITA OK 743010948 DANIEL WEBSTER GENERAL MANAGER/CEO 9182566405 2020-11-16 true MICHAEL K BURKE CPA P00054433 9187498337 2020-11-16 64.207.232.134 2020-11-16 13:06:26 CS P D6994BFBE7EBEBB5016FF5D025B336E698C55167 6F899C241B8E6E16B6B3FF0B9DE310D088781529 2019 2021-04-22 16:20:28Z DANIEL WEBSTER P O BOX 948 VINITA OK 743010948 80574195 false X WWW.NEELECTRIC.COM X 1938 OK TO PROVIDE ELECTRICITY TO ITS MEMBERS ON A COOPERATIVE BASIS. 9 9 208 -317163 0 79375205 76413262 197129 1961067 957478 1162149 80529812 79536478 0 5714135 2475240 1738133 1828538 0 0 76296555 75232700 83748823 79536478 -3219011 0 209761811 209225795 126942275 124982154 82819536 84243641 X TO PROVIDE ELECTRICITY TO ITS MEMBERS ON A COOPERATIVE BASIS. false false 79536478 TO PROVIDE ELECTRICITY TO OUR MEMBERS - 39,402 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. TO PROVIDE ELECTRICY TO ITS MEMBERS 79536478 false false false false false false false false false true true false false true true 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 true true true false false 74 0 true 208 true true true false false false false 75733963 3034531 false false false X 9 9 false false false false true true true true true false false false true true true true false true true false OK X NORTHEAST OKLA ELECTRIC COOP 9182566405 27039 S 4440 RD VINITA OK 74301 DANIEL WEBSTER GENERAL MANA 49.00 X 208569 0 50818 NICK SUTTON MGR OF OPER 45.00 X 110133 0 110755 TIMOTHY E MIXSON MGR OF SFTY 46.00 X 119965 0 92449 CONNIE PORTER MGR OF FINAN 49.00 X 123277 0 77215 LARRY CISNEROS MGR ENGINEER 41.00 X 119180 0 59666 DAVID CUSICK ROW SERVICES 41.00 X 116293 0 56208 CYNTHIA HEFNER MARKETING SP 44.00 X 109969 0 58473 ANTHONY DUE GENERAL MANA 41.00 X 95248 0 64589 JOHN MYERS TRUSTEE/V.P. 11.00 X X 34921 4800 0 JAMES WADE TRUSTEE 10.00 X 32682 4800 0 JIMMY CAUDILL TRUSTEE - AS 13.00 X X 31832 5400 0 CHARLES WYRICK TRUSTEE 9.00 X 32432 4800 0 DANDY RISMAN TRUSTEE/PRES 13.00 X X 30932 4800 0 BENNY SEABOURN SECRETARY/TR 12.00 X X 30332 5400 0 BILLY KIMBRELL TRUSTEE 12.00 X 24578 4400 0 BRIAN KELLY TRUSTEE 3.00 X 20216 4800 0 SHARRON GAY TRUSTEE 11.00 X 17804 4800 0 1258363 44000 570173 22 false true false KIOWA LINE BUILDERS PO BOX 721 TIPTON MO 65081 CONSTRUCTION 1850509 MCLEAN ENGINEERING PO BOX 2587 MOULTRIE GA 31776 POLE INVENTORY 641356 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SERV 561066 NORTHEAST RURAL SERVICES PO BOX 399 VINITA OK 74301 ROW CLEARING 475356 LOGAN AND LOWRY LLP PO BOX 558 VINITA OK 74301 LEGAL SERVICES 129514 5 X ELECTRIC SERVICES 221000 75733963 75733963 PATRONAGE DIVIDENDS 221000 679299 679299 76413262 647896 647896 1477011 195725 512888 1477011 -317163 1159848 -317163 1477011 1217237 620763 524829 1217237 95934 1313171 1313171 MISC REVENUE 2301 2301 2301 79536478 76415563 -317163 3438078 2475240 2475240 875447 875447 953091 953091 4074954 4074954 7681716 7681716 COST OF POWER 43431957 43431957 DISTRIBUTION EXP - MAINT 6024349 6024349 EQUITY IN EARNINGS OF SUB 4271162 4271162 CONSUMER ACCOUNTS 2726079 2726079 7022483 7022483 79536478 79536478 0 0 X 11396650 7573747 2269151 2629499 9026748 9329936 840436 783789 81910 120269 233149160 80977081 149778807 152172079 6003295 7445425 16005656 19480101 11158203 7215702 3200955 2475248 209761811 209225795 10678395 13279229 106745364 101842003 9518516 9860922 126942275 124982154 X 2736815 1829428 80082721 82414213 82819536 84243641 209761811 209225795 X 0 1424105 X false true X true false 396576 396576 9393318 4306069 5087249 223359266 76671012 146688254 152172079 17926153 C OTHER INVESTMENTS 1553948 C 19480101 ABPO - OTHER THAN PENSIONS 7724633 CONSUMER DEPOSITS 1664609 DEFERRED CREDITS 471680 9860922 X 79536478 79536478 79536478 76881239 76881239 2655239 2655239 79536478 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERVICE. THE STATE OF OKLAHOMA HAS RECOGNIZED THIS EXEMPTION FOR STATE INCOME TAXES. THE COOPERATIVE'S WHOLLY OWNED SUBSIDIARY IS A "FOR-PROFIT" ENTERPRISE. INCOME TAXES, IF ANY, ARE RECORDED IN THE PERIOD FOR WHICH THEY ARE ACCRUED. DEFERRED TAX LIABILITIES AND ASSETS ARE RECOGNIZED FOR THE TAX EFFECTS OF DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES. A VALUATION ALLOWANCE IS ESTABLISHED TO REDUCE DEFERRED TAX ASSETS IF IT IS MORE LIKELY THAN NOT THAT A DEFERRED TAX ASSET WILL NOT BE REALIZED. MANAGEMENT HAS CONSIDERED WHETHER THE COMPANY HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ALLOCATED 2,475,239 BOOK / TAX DEPRECIATION DIFFERENCE 180,000 X X X X false false false DANIEL WEBSTER GENERAL MANAGER/CEO 200408 8161 30661 20157 259387 NICK SUTTON MGR OF OPER SERV 109151 982 88777 21978 220888 TIMOTHY E MIXSON MGR OF SFTY AND LOSS 116909 3056 70145 22304 212414 CONNIE PORTER MGR OF FINANCIAL SER 119650 3627 54894 22321 200492 LARRY CISNEROS MGR ENGINEERING SVC 117514 1666 37362 22304 178846 DAVID CUSICK ROW SERVICES MGR 109617 6676 47539 8669 172501 CYNTHIA HEFNER MARKETING SPECIALIST 108204 1765 36342 22131 168442 ANTHONY DUE GENERAL MANAGER/CEO 94987 261 62605 1984 159837 FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE ELECTRICY TO ITS MEMBERS FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY WITH EMPLOYEES, OFFICERS AND DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION UTILIZES CONSULTANTS, OTHER ORGANIZATION FORM 990'S, COMPENSATION SURVEYS AND APPROVAL BY THE BOARD OR COMPENSATIONS COMMITTEE AS DEEMED NECESSARY. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION UTILIZES CONSULTANTS, OTHER ORGANIZATION FORM 990'S, COMPENSATION SURVEYS AND APPROVAL BY THE BOARD OR COMPENSATIONS COMMITTEE AS DEEMED NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. FORM 990, PART VIII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART X FORM 990, PART IX: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 OTHER EQUITY TRANSFERS 6,430,587 PATRONAGE DIVIDEND ALLOCATION 2,475,239 DECREASE IN ACCUM OCI -898,702 DECREASE IN OTHER EQUITIES -6,439,271 RETIREMENT OF CAPITAL CREDITS -143,748 TOTAL 1,424,105 NORTHEAST OKLAHOMA ELECTRIC FOUNDAT PO BOX 948 VINITA OK 74301 731544089 DONATIONS OK 501C3 10 NEOEC NORTHEAST OKLAHOMA ELECTRIC COOPERA false CRAIG COUNTY FAIR BOOSTERS 915 E APPERSON RD VINITA OK 74301 DONATIONS OK 501C3 10 NEOEC false NORTHEAST RURAL SERVICES PO BOX 948 VINITA OK 74301 731336388 TREE REM. OK NEOEC C CORP 22432050 112451683 1.00000 false false true false false false false false false false true false false true false true false true true false NORTHEAST OKLAHOMA ELECTRIC FOUN O 6000 ACCRUAL NORTHEAST OKLAHOMA ELECTRIC FOUN Q 2760 ACCRUAL NORTHEAST RURAL SERVICES M 604617 ACCRUAL NORTHEAST RURAL SERVICES R 6677111 ACCRUAL NORTHEAST RURAL SERVICES J 1172658 ACCRUAL NORTHEAST RURAL SERVICES Q 233085 ACCRUAL NORTHEAST OKLAHOMA ELECTRIC FOUN B 130940 ACCRUAL CRAIG COUNTY FAIR BOOSTERS B 3025 ACCRUAL