2020-09-25T12:42:09-05:00 2019-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2019-01-01 730171526 CANADIAN VALLEY ELECTRIC COOPERATIVE INC % JAMIE SCOTT CANA 4053823680 PO BOX 751 SEMINOLE OK 748180751 GARY HIGHLEY CEO 4053823680 2020-09-23 true AMBER SHERRILL P00748683 5013721040 167.68.126.162 71015520202695000005 2020-09-25 P 5C78A0EB25468B4AA4B79E764D8782665D95DC96 CC61051F674196C1A7C00C4FC8A1F1691B9B2D69 2019 2021-04-22 16:20:28Z GARY HIGHLEY PO BOX 751 SEMINOLE OK 748180751 66479227 false X WWW.MYCVEC.COOP X 1939 OK TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. 8 8 83 8 0 0 0 63100531 64991854 1312900 1230586 391518 223465 64804949 66445905 0 0 3996554 3072181 3702160 4036946 0 0 0 57106235 59336778 64804949 66445905 0 121745813 123634009 53771682 54648531 67974131 68985478 TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. false false PROVISION OF RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS. false false false false false false false false false true false true false true false 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 true 24 0 true 83 true false false false false false 63844176 2402455 false false false X 8 8 false false false false true true true true true false false true true true true true true true true false OK X JAMIE SCOTT 4053823680 PO BOX 751 SEMINOLE OK 74818 LLOYD PARKS MANAGER OF IT 45.0 0.0 X 166074 0 34195 COLIN WHITLEY GENERAL MANAGER/CEO 40.0 0.0 X 121244 0 29457 KIMBERLY BEHRENES MANAGER OF ENGINEERING SERVIES 45.0 0.0 X 115276 0 32767 CHRISTOPHER CHEATWOOD MANAGER OF CONTRACT ADMINISTRA 46.0 0.0 X 105833 0 31232 DANIEL FRANCO AREA SERVICEMAN 53.0 0.0 X 106608 0 26817 GEORGE HAND GENERAL MANAGER 0.0 0.0 X 116521 0 0 GARY CRAIN BOARD TRUSTEE 1.0 1.0 X 15858 14181 0 STEVE MARAK BOARD TRUSTEE - ASST SEC/TREAS 1.0 0.0 X X 17636 0 0 JOE SEMTNER BOARD TRUSTEE - PRESIDENT 9.0 0.0 X X 16536 0 0 CLAYTON EADS BOARD TRUSTEE 1.0 0.0 X 16335 0 0 MATT GOODSON BOARD TRUSTEE - SEC/TREASURER 10.0 0.0 X X 16136 0 0 ROBERT SCHOENECKE BOARD TRUSTEE - VICE PRESIDENT 12.0 0.0 X X 15818 0 0 JP DUVALL BOARD TRUSTEE 1.0 0.0 X 15705 0 0 YATES ADCOCK BOARD TRUSTEE 3.0 0.0 X 14486 0 0 860066 14181 154468 8 false true false RIGGS TREE SERVICE INC PO BOX 453225 GROVE OK 74345 TREE TRIMMING 1555048 S AND D OF MISSOURI INC 31913 S STATE ROUTE D DREXEL MO 64742 LINE CONSTRUCTION 612503 BOGLE RIGHT OF WAY SERVICES PO BOX 835 LANGLEY OK 74350 TREE TRIMMING 268258 GREEN COUNTRY POWERLINE PO BOX 99 SCHULTER OK 74460 LINE CONSTRUCTION 122546 LWPB ARCHITECTURE 5909 NW EXPRESSWAY SUITE 600 OKLAHOMA CITY OK 73132 ARCHITECT 326981 6 0 SALES OF ELECTRIC ENERGY 221000 63744954 63744954 G&T CAPITAL CREDITS 221000 1147678 1147678 OTHER CAPITAL CREDITS 221000 99222 99222 64991854 1228046 1228046 0 0 199274 0 199274 199274 199274 11000 8460 2540 2540 2540 0 0 0 0 0 0 49053 24862 24191 24191 0 66445905 64991854 1454051 0 0 0 3072181 279211 0 2911790 63240 512527 270178 0 34422 43652 0 0 0 1945469 0 213606 598380 0 70341 682979 0 52890 2176399 0 3934110 1432270 COST OF ELECTRIC POWER 45579531 TAXES 1313445 TOOLS & LINE MATERIALS 585745 DUES & SUBSCRIPTIONS 184988 488551 66445905 1715553 2097358 5400000 5400000 0 0 6961833 6115935 0 0 0 0 0 0 1170748 1454632 87307 73521 128489382 52004755 75068769 76484627 0 0 0 0 29846885 30551254 0 0 1494718 1456682 121745813 123634009 6284564 6595687 0 0 0 0 0 0 0 0 0 0 43855209 43557846 0 0 3631909 4494998 53771682 54648531 X 0 0 0 0 67974131 68985478 67974131 68985478 121745813 123634009 X 0 1011347 X false true X true false 109712 109712 2192217 1490774 701443 125202986 50513981 74689005 984467 984467 76484627 ARK ELECTRIC-PATRONAGE CAPITAL 136677 C NRUCFC-PATRONAGE CAPITAL 64651 C CRUCFC-CAP. TERM CERTIFICATES 846062 C NRUCFC-MEMBER CERTIFICATIONS 1000 C WESTERN FARMERS-PATRONAGE CAP 28835167 C NISC-PATRONAGE CAPITAL 168776 C FEDERATED-EQUITY ACCOUNT ALLOC 206848 C NRTC-MEMBERSHIP 15313 C COBANK-MEMBERSHIP & PATRONAGE 276660 C CENERGY INVESTMENT 100 C 30551254 0 POST RETIREMENT BENEFIT OBLIGATION 2292525 CONSUMER DEPOSITS 2084177 SPECIAL FUNDS - DEFERRED COMPENSATION 118296 4494998 66445905 66445905 66445905 63373724 63373724 3072181 3072181 66445905 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED $ 3,072,181 X X false false false COLIN WHITLEY GENERAL MANAGER/CEO 120643 0 0 0 601 0 16886 0 12571 0 150701 0 0 0 LLOYD PARKS MANAGER OF IT 127295 0 750 0 38029 0 16907 0 17288 0 200269 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ELECTRIC UTILITY IS MEMBER OWNED. TRUSTEES ARE ELECTED BY THE MEMBERSHIP TO SERVE THREE YEAR TERMS. ANY MEMBER MAY FILE TO STAND FOR ELECTION BY FILING A NOTICE OF INTENT TO STAND FOR ELECTION DURING THE PUBLISHED FILING PERIOD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE WITHIN THEIR DISTRICT TO APPOINT THE BOARD MEMBER TO REPRESENT THEM FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE MEMBERS. MEMBERS MAY ALSO PETITION FOR REMOVAL, FOR JUST CAUSE, OF TRUSTEES OR OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER OF ACCOUNTING, GENERAL MANAGER, AND THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED REGULARLY, AND WRITTEN SURVEYS ARE COLLECTED FROM EACH TRUSTEE ANNUALLY. AFTER DISCLOSURE OF ANY CONFLICTS, THE GENERAL MANAGER MAY CONSULT WITH THE ATTORNEY OF CVEC AND/OR SUBMIT THE ISSUE TO THE BOARD OF TRUSTEES. THE GENERAL MANAGER, IF APPROPRIATE, MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR AGREEMENT. AFTER EXERCISING DUE DILIGENCE, THE GENERAL MANAGER SHALL DETERMINE WHETHER CVEC CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND IF AN ALTERNATIVE CANNOT BE FOUND WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF CVEC. FORM 990, PART VI, SECTION B, LINE 15A & 15B COMPENSATION SURVEYS BASED ON FIGURES FROM ALL ELECTRIC DISTRIBUTION COOPERATIVE HEADQUARTERS IN OKLAHOMA ARE USED TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 CHANGE IN FUNDED STATUS OF POST RETIREMENT BENEFIT PLAN (778,773) PATRONAGE CAPITAL ASSIGNABLE 3,072,181 RETIREMENT OF CAPITAL CREDITS (1,724,848) CHANGE IN MEMBERSHIPS 705 CHANGE IN DONATED CAPITAL 2,162 GAIN ON RETIRED CAPITAL CREDITS 439,920 ---------------- TOTAL $1,011,347 CVEC FOUNDATION INC PO BOX 751 SEMINOLE OK 74818 731553974 GRANTS OK 501(C)(3) 10 CVEC true false false false false false false false false false false false false false true false false false false false