2019-11-14T10:13:29-07:00 2018-12-31 990 2018-01-01 440378635 OSAGE VALLEY ELECTRIC COOPERATIVE OSAG 6606793131 PO Box 470 Butler MO 64730 Jarrod Campbell CEO/GM 6606793131 2019-11-14 162.216.83.57 2018 2020-01-14 16:20:31Z Jarrod Campbell PO Box 470 Butler MO 64730 37437725 0 X www.osagevalley.com X 1938 MO Osage Valley Electric Cooperative is committed to providing safe, reliable and affordable electric service in an effort to improve the quality of life and the communities of our members. The cooperative will accomplish this mission by following the Seven Cooperative Principles. 9 9 57 0 0 0 0 0 33410644 37249952 132472 58087 0 -10170 33543116 37297869 0 0 3130764 3555469 569543 5388441 0 0 0 29842809 28353959 33543116 37297869 0 0 85300883 89048224 47793490 48991020 37507393 40057204 Osage Valley Electric Cooperative is committed to providing safe, reliable and affordable electric service in an effort to improve the quality of life and the communities of our members. The cooperative will accomplish this mission by following the Seven Cooperative Principles; Voluntary and Open Membership, Democratic Member Control, Members' Economic Participation, Autonomy and Independence, Education, Training and Information, Cooperation Among Cooperatives and Concern for Community. 0 0 37297869 0 37297869 Sold and distributed electricity to 16,066 members on a Cooperative basis. 0 0 0 37297869 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 51 0 1 57 1 0 0 0 0 0 36239686 722043 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X X Jarrod Campbell 6606793131 PO Box 470 Butler MO 64730 X RON STEUCK PRESIDENT 15 0 X X 23877 0 0 DAVID RAPP 1ST VP 8 0 X X 20492 0 0 GERALD STEPHAN 2ND VP 8 0 X X 22577 0 0 CHELLE BLACK SEC-TREASURER 8 0 X X 21135 0 0 RICHARD WIRSIG ASST SEC-TREASURER 8 0 X X 22377 0 0 P D KIRCHER DIRECTOR 8 0 X 23773 0 0 JACK BAKER DIRECTOR 20 0 X 23773 0 0 PAUL ROSS DIRECTOR 8 0 X 22773 0 0 RAY HEUSER DIRECTOR 16 0 X 22375 0 0 JARROD CAMPBELL CEO/GM 40 0 X 180858 0 138582 MATTHEW SHARP CFO 40 0 X 99718 0 41818 THOMAS GOLDER FOREMAN 48.28 0 X 119354 0 58236 MATTHEW PETRY FOREMAN 47.07 0 X 117800 0 63257 STETSON SHIRKY JOURNEYMAN LINEMAN 48.05 0 X 117669 0 29484 SCOTT LONG FOREMAN 45.45 0 X 114821 0 61694 PAUL LITTLE SERVICE REP 45.28 0 X 113751 0 58010 1067123 0 451081 20 0 1 0 ASPLUNDH TREE EXPERT CO INC PO BOX 827464 PHILADELPHIA PA 191827464 ROW CLEARING 1325459 WELLS EXCAVATING LLC 1453 NE CO RD 1993 BUTLER MO 64730 CONTRACTOR 447748 HUNHOLZ TREE SERVICE RR 1 BOX 281AA ADRIAN MO 64720 ROW CLEARING 165440 GILKEY CONSTRUCTION 11235 NW HIGHWAY F DEEPWATER MO 64740 CONTRACTOR 113415 4 0 ELECTRICITY SALES 221122 35435620 35435620 0 0 SERVICE FEES 221122 268164 268164 0 0 TRANSMISSION ACCESS REVENUE 221122 63907 63907 0 0 RENTAL INCOME-POLE 221122 165954 165954 0 0 PATRONAGE CAPITAL CREDITS 221122 1316307 1316307 0 0 0 0 0 0 37249952 49213 0 0 49213 0 0 0 0 0 0 0 0 0 0 0 123994 0 115120 0 8874 8874 8874 0 0 14566 24736 -10170 -10170 0 0 0 37297869 37248656 0 49213 X 0 0 0 3555469 638844 2479452 848992 1185184 235969 1816441 2447856 185359 COST OF PURCHASED POWER 19561321 DISTRIBUTION EXPENSE 2558121 CUSTOMER ACCTS & SERVICE 302911 ADMIN & GENERAL 848115 633835 37297869 0 0 0 1084243 1004254 0 0 0 0 3405165 3888396 0 0 0 0 0 0 798961 620680 2158713 2146505 87049502 22154004 62251588 64895498 15602213 16492891 85300883 89048224 2865536 5172664 0 0 0 0 0 0 0 0 0 0 43396033 42316507 0 1531921 1501849 47793490 48991020 X 0 0 0 0 37507393 40057204 37507393 40057204 85300883 89048224 X 0 0 0 0 0 2549811 X X 0 0 0 0 289761 289761 0 1925705 791357 1134348 0 0 0 0 0 4714243 2243877 2470366 0 80119793 19118770 61001023 64895498 ASSOCIATED ORG-PATRONAGE CAPITAL 15723512 C ASSOCIATED ORG-OTHER 729494 C OTHER INVESTMENTS 7398 C SPECIAL FUNDS 50 C SPECIAL FUNDS 32437 F 16492891 0 RETIREMENT OBLIGATION 1029911 CONSUMER DEPOSITS 355127 DEFERRED CREDITS 116811 1501849 X X X 0 0 0 JARROD CAMPBELL CEO/GM 180558 0 300 0 2881 0 107460 0 28241 0 319440 0 0 0 THOMAS GOLDER FOREMAN 119054 0 300 0 259 0 26838 0 31139 0 177590 0 0 0 MATTHEW PETRY FOREMAN 117500 0 300 0 429 0 36455 0 26373 0 181057 0 0 0 SCOTT LONG FOREMAN 114521 0 300 0 438 0 36383 0 24873 0 176515 0 0 0 PAUL LITTLE SERVICE REP 113451 0 300 0 1239 0 36212 0 20559 0 171761 0 0 0 Schedule J, Part II Column C: Included is the increase (decrease) in actuarial value of benefits payable in the future under a defined benefit retirement plan. The contribution rate for participants in the NRECA RS Defined Benefit Plan are the same for all individuals in this multi-employer plan. The change in actuarial value for each participant, however, varies with age. In other words and all other things being equal, the older a plan participant is, the greater the increase in that individual's change in actuarial value. Because this relates to a multi-employer plan, cash contributions to the plan in lieu of the actuarial increase (decrease) are expensed in the financial statements. Form 990, Part VI, Section A, Line 6 The Cooperative was organized by and for the mutual benefit of the members and does so through the sale of electric energy on a cooperative basis. Form 990, Part VI, Section A, Line 7a Each member of the cooperative shall be entitled to vote in the election of the Board of Directors. The board consists of 9 directors who are elected by the membership. Form 990, Part VI, Section A, Line 7b The bylaws of the Cooperative grant members the right to vote on, the removal and replacement of a director or directors, the substantial disposition of assets and amending the governing documents, pursuant to the appropriate procedures as outlined in the governing documents of the Cooperative. Form 990, Part VI, Section A, Line 8b The Cooperative does not have any committees that can make a decision without having the approval of the board. Form 990, Part VI, Section B, Line 11b Management reviews the draft of Form 990 prior to e-filing. Board reviews annual filings at monthly meetings. Form 990, Part VI, Section B, Line 12c Board of Directors and management review policies monthly at board meetings. Form 990, Part VI, Section B, Line 15 The Board of Directors annually review and evaluate the managers performance and establish the compensation level for the manager. Data concerning compensation is gathered using NRECA wage surveys and comparing like-cooperatives in the region. The manager reviews and evaluates the performance of all non-union staff and establishes compensation levels for those staff in accordance with budgeted amounts, NRECA wage surveys and comparing like-cooperatives in the region. Wages for staff are presented to the board and approved during the annual budget process. Union salaries are based on IBEW Local 53 contract. Form 990, Part VI, Section C, Line 19 Governing documents and financial statements are made available to the public upon request. Annual financial statements are presented to members at the cooperative's annual meeting. Form 990, Part VII, Section A, Line 1d Column F; includes the actuarial increase (decrease) for participants in the NRECA RS Defined Benefit Pension Plan, health insurance premiums, employer contributions to a 401(k) plan, employee and employer contributions to a Health Savings Account and other reportable fringe benefits. These benefits are for all qualifying employees. There is a difference between the actuarial increase (decrease) for participants in the NRECA RS Defined Benefit Pension Plan and the amount the Cooperative paid in cash and expensed through the financial statements during the tax year. Form 990, Part IX, Line 4 The cooperative distributes electricity to members at cost, any revenues that exceed expenses are allocated back to the membership in the form of patronage capital and treated as an expense on the Form 990. Form 990, Part IX, Line 7 Total labor reported on Part IX does not include amounts capitalized on the balance sheet during the year. Form 990, Part IX, Line 24a - 24d Certain expenses have been reclassified in accordance with the functional expense categories in Part IX "Functional Expenses" all other expenses are presented in accordance with the applicable Uniform System of Accounts. Form 990, Part IX, Line 24e Property Taxes $565,300 and Other Deductions $68,535. Form 990, Part XI, Line 9 Other changes in net assets include changes in memberships, donated capital, capital credits gain, and patron's capital credits during the year. Form 990, Part XII, Line 2b The Cooperative's financial statements are audited by an independent auditor annually based on the Cooperative's fiscal year-end of June 30th. Osage Valley Electric Community Trust PO Box 470 Butler MO 64730 431636719 Community Assistance MO 501(c)(3) 7 N/A 0 Osage Valley Technologies LLC PO Box 470 Butler MO 64730 141876332 Telecommunications MO N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0