2019-05-08T14:23:57-07:00 2018-12-31 351877201 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2018-01-01 610277343 Meade County Rural Electric Cooperative Corporation MEAD 2704222162 PO Box 489 Brandenburg KY 40108 Martin Littrel President & CEO 2019-05-08 true Alan Zumstein P00641130 8592647147 X 2018 2019-02-21 02:37:17Z PO Box 489 Brandenburg KY 40108 59758606 false false X www.mcrecc.com X 1937 KY Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,700 consumers monthly. 7 7 81 0 0 53971040 58876763 158958 511204 375956 370639 54505954 59758606 0 1310205 1201053 6735266 7075801 0 0 46261520 50931479 54306991 59208333 198963 550273 100798938 115491506 66888954 79902778 33909984 35588728 Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,700 consumers monthly. false false 58007280 58957812 Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,700 consumers monthly. 58007280 false false false false false false false false false true false false 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 false false false false false false true 34 0 true 81 true false false false false false false false false false 58957812 800794 false false false false false X 7 7 false false false false true true true true true false false true true true true false true true true false X X Anna Swanson VP Acctg Fin 2704222162 PO Box 489 Brandenburg KY 40108 David T Wilson II Director 5.00 0.00 X 10632 0 0 Dr James G Sills Vice Chairman 7.00 0.00 X X 9110 0 0 Darla Sipes Sec-Treas 7.00 0.00 X X 12115 0 0 Paul Ed Butler Director 7.00 0.00 X 9115 0 0 Robert Rhodes Chairman 7.00 0.00 X X 10605 0 0 Christopher Creech Director 5.00 0.00 X 10382 0 0 Stephen Barr Director 5.00 0.00 X 11382 0 0 Martin Littrel President/CEO 50.00 0.00 X 198244 0 36850 David Poe VP Engineering & Operations 50.00 0.00 X 165617 0 34291 Anna Swanson VP, Acctg & Finance 50.00 0.00 X 118362 0 23356 David Pace VP, Public Relations & Mkt 50.00 0.00 X 111377 0 38234 Michael French System Engineer 45.00 0.00 X 108682 0 45513 Brad Camp Journeyman Lineman 54.00 0.00 X 110394 0 29852 Joseph Taylor Journeyman Lineman 56.00 0.00 X 107352 0 20915 993369 229011 7 false true false The Townsend Corporation PO Box 7015 Muncie IN 47308 ROW clearing 1363695 M&M Electrical Contractor 5081 Hwy 431 North Springfield TN 37172 Power line construct 706503 Luthan Electric Meter Testing Inc PO Box 1178 Owensboro KY 42302 Meter read/testing 104587 3 0 Electric service 221000 58876763 58876763 58876763 511204 511204 0 0 0 0 0 0 0 Joint use pole attachment 221000 250521 250521 Patronage capital allocat 221000 81049 81049 Sale of general plant 221000 39069 39069 370639 59758606 58957812 800794 0 0 0 1201053 1201053 666941 666941 0 4597947 4597947 770771 770771 647408 647408 392734 392734 0 18212 18212 14700 14700 0 0 0 0 0 0 0 0 0 0 0 0 2105743 2105743 0 4297337 4297337 238208 238208 Purchase power 41606540 41606540 Distribution - maintenance 3415197 3415197 Distribution - operations 2950739 2950739 Administrative and general 1644470 1644470 -5359667 -5359667 59208333 59208333 0 0 2711161 8914207 3804055 12699781 0 6364636 6279294 0 0 0 662746 731651 823939 958553 125539964 42719251 83261572 82820713 0 0 2198603 2247063 0 972226 840244 100798938 115491506 5138837 4695603 57318261 70861997 4431856 4345178 66888954 79902778 X 72819 69520 -93921 -368744 33931086 35887952 33909984 35588728 100798938 115491506 X 550273 1128471 X false true X true false 125539964 42719251 82820713 82820713 Accumulated postretirement benefits 1226781 Consumer advances for construction 545431 Consumer deposits 1221257 Other current and accrued liabilities 1351709 4345178 59758606 59758606 59758606 59208333 59208333 59208333 X X X false false false David Poe VP Engineering & Operations 165617 34291 199908 Martin Littrel President/CEO 198244 36850 235094 Michael French System Engineer 108682 45513 154195 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Line 7a: How Members or Shareholders Elect Governing Body Nominating committee meets every year there is an election to select member to run for director. Member may run for director with petition signed by 100 or more eligible members. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Articles of Incorporation can only be changed by at least a 2/3 majority of membership. By laws may be altered by a majority vote of the board of directors. Form 990, Part VI, Line 11b: Form 990 Review Process Directors are furnished a draft copy of the Form 990 prior to filing. May make inquiries and changes to the information contained in the filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Directors and key employees annually complete questionnaire on family and business relationships. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 15a. and b. The Board receives data from both local and national surveys. The Board uses this data, along with performance review for the CEO, to set compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available By laws and Articles of Incorporation are made available to each new member. Each year an annual meeting of members is held, with financial information distributed at this meeting. Financial information is available on Kentucky Public Service Commission website. Other Changes In Net Assets Or Fund Balances - Other Increases Comprehensive income-postretirement ben = $274823 Other Changes In Net Assets Or Fund Balances - Other Increases Margins allocated to members = $1201053 Other Changes In Net Assets Or Fund Balances - Other Decreases Memberships issued = -$3299 Other Changes In Net Assets Or Fund Balances - Other Increases Other equities = $193207 Other Changes In Net Assets Or Fund Balances - Other Decreases Refunds of capital credits = -$537313 Form 990, Part IX, Line 4 - Represents patronage capital allocated to members in accordance with the Cooperative's bylaws. This reporting results in a difference between book income and income reported on the Form 990 by the same amount.