2019-11-15T13:11:57-06:00 2018-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2018-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 POST OFFICE BOX 1679 QUINCY FL 323531679 SEAN ALDERMAN DIRECTOR OF FINANCE 8508755602 2019-11-15 1 CAL BRANTLEY CPA P00636393 4782751163 2019-11-15 64.88.174.3 2019-11-15 08:46:35 US P 2BBE3A465ADA004519C03ECEA6212B386192D2C2 2CDF1180E4FE0C86154D05C4D806B2EA2FA8E399 2018 2020-04-17 16:48:07Z TRACY A BENSLEY POST OFFICE BOX 1679 QUINCY FL 323531679 129841318 0 X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 204 0 9530 12735 10869 15880 123968094 128531325 2925926 53086 9344 9530 126914233 128609821 10869 15880 3810051 3414025 2313678 2624966 0 0 0 116939272 119917203 123073870 125972074 3840363 2637747 277964744 299960570 158577568 177086673 119387176 122873897 TO PROVIDE ELECTRIC SERVICE TO MEMBERS 0 0 TO PROVIDE ELECTRIC SERVICES TO MEMBERS 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 403 0 204 1 1 1 0 0 0 1 1 0 0 125242774 3079340 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 SEAN ALDERMAN 8506277651 1640 WEST JEFFERSON QUINCY FL 323512134 X CARRIE L DURDEN PRESIDENT 4.15 4.15 X X 20550 0 0 JOE ALEXANDER SECRETARY/TREASURER 8.25 8.25 X X 25050 0 0 CARLA PARARO TRUSTEE 2.63 2.62 X 19800 0 0 SAM FENN TRUSTEE 1.00 1.00 X 20200 0 0 DAVID B MILLER TRUSTEE 2.75 2.75 X 19850 0 0 CLIFFORD BRISTOL VICE PRESIDENT 1.50 1.50 X X 17050 0 0 BILLY VANLANDINGHAM TRUSTEE 4.00 4.00 X 16400 0 0 DOUG BRUCE TRUSTEE 7.00 7.00 X 16300 0 0 DAVID WRIGHT TRUSTEE 4.50 4.50 X 15700 0 0 TRACY A BENSLEY GENERAL MANAGER 27.50 27.50 X 377098 0 107815 SEAN ALDERMAN DIRECTOR OF FINANCE 23.00 23.00 X 200416 0 65252 TIM WADDLE DIRECTOR OF WATER & WW 0.00 44.00 X 220676 0 114985 TONY GUILLEN DIRECTOR OF ENG. & OPER. 50.00 0.00 X 194613 0 64438 MIKE TEMPLE DIR OF ADMIN SVS 45.00 0.00 X 166885 0 96302 DANE CLEMONS DIRECTOR OF IT & COMM. 40.00 0.00 X 183384 0 51289 DWIGHT CALLAHAN MANAGER OF INFO SVS 40.00 0.00 X 155891 0 67793 BILL JAMES MANAGER OF ENGINEERING 42.00 0.00 X 143368 0 59417 BLAKE FLOWERS DIRECTOR OF MEMBER SERVICES 40.00 0.00 X 142482 0 41962 1955713 0 669253 31 0 1 0 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 381480517 DISTRIBUTION CONSTRUCTION 4684028 NELSON TREE SERVICE INC 4489 SOLUTIONS CENTER CHICAGO IL 606774004 RIGHT OF WAY CLEARING 4004034 CSI CONTRACTING INC 1131 DADE STREET QUINCY FL 32351 CONSTRUCTION T6 1263748 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 RIGHT OF WAY CLEARING 1222107 TIP TOP CONSTRUCTION INC PO BOX 1167 HAVANA FL 32333 CONSTRUCTION T4 546678 9 15880 15880 ELECTRICITY SALES 221000 125242774 125242774 CAPITAL CREDITS 900099 2607257 2607257 POLE RENTAL 221000 681294 681294 128531325 472083 472083 11957 2427 9530 9530 9530 810073 1229070 -418997 -418997 -418997 128609821 124823777 9530 3760634 X 15880 3414025 1257142 1367824 5493635 8558168 COST OF POWER 78294385 MAINTENANCE 11310655 OPERATIONS 7300800 ADMINISTRATIVE AND GENE 6614239 2345321 125972074 4241853 4109791 16152331 14940226 7645442 2655772 1241603 2243577 2987861 2680238 300810061 81834967 193384022 218975094 52311632 54355872 277964744 299960570 12492143 15232672 139017316 153067526 7068109 8786475 158577568 177086673 X 210645 211225 4526428 5374821 114650103 117287851 119387176 122873897 277964744 299960570 X 2637747 848974 X X 0 1 X 1 0 2820522 2820522 10213659 4441753 5771906 257833038 77393214 180439824 29942842 29942842 218975094 OTHER INVESTMENTS & PATRONAGE CAPITAL 938019 C INVESTMENT IN TALQUIN WATER & WASTEWATER, INC. 23440026 C PATRONAGE CAPITAL - COBANK 1635080 C PATRONAGE CAPITAL - CFC 1173216 C PATRONAGE CAPITAL - SEMINOLE 24731797 C CFC CAPITAL TERM CERTIFICATES 2437734 C 54355872 CUSTOMER DEPOSITS 3492551 ACCUMULATED POSTRETIREMENT BENEFITS 2561847 DEFERRED CREDITS 2732077 8786475 X PART X, LINE 2: THE COOPERATIVE'S AUDITED FINANCIAL STATEMENTS INCLUDED A DISCLOSURE THAT SAYS UNDER ACCOUNTING STANDARDS CODIFICATION SECTION 740, INCOME TAXES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. 0 CAPITAL AREA COMMUNITY ACTION 309 OFFICE PLAZA DRIVE TALLAHASSEE FL 32301 591117362 501(C)(3) 15880 CASH SEE SCHEDULE I, PART IV PART I, LINE 2: THE COOPERATIVE PROVIDES FINANCIAL ASSISTANCE TO WORTHY CAUSES IN ITS SERVICE AREA THAT DISTRIBUTE AID FOR UTILITY RELATED PAYMENTS. X X X 0 0 0 TRACY A BENSLEY GENERAL MANAGER 373322 0 2750 0 1026 0 81641 0 26174 0 484913 0 0 0 SEAN ALDERMAN DIRECTOR OF FINANCE 197231 0 2418 0 767 0 40676 0 24576 0 265668 0 0 0 TIM WADDLE DIRECTOR OF WATER & WW 215635 0 2562 0 2479 0 90176 0 24809 0 335661 0 0 0 TONY GUILLEN DIRECTOR OF ENG. & OPER. 191440 0 2411 0 762 0 39874 0 24564 0 259051 0 0 0 MIKE TEMPLE DIR OF ADMIN SVS 166199 0 100 0 586 0 74311 0 21991 0 263187 0 0 0 DANE CLEMONS DIRECTOR OF IT & COMM. 179829 0 2280 0 1275 0 48707 0 2582 0 234673 0 0 0 DWIGHT CALLAHAN MANAGER OF INFO SVS 154011 0 1220 0 660 0 43472 0 24321 0 223684 0 0 0 BILL JAMES MANAGER OF ENGINEERING 139320 0 1061 0 2987 0 42329 0 17088 0 202785 0 0 0 BLAKE FLOWERS DIRECTOR OF MEMBER SERVICES 140234 0 2041 0 207 0 17954 0 24008 0 184444 0 0 0 TALQUIN WATER AND WASTEWATER INC TRUSTEES COMMON TRUSTEESTHE BOARD OF TRUSTEES FOR THE COOPERATIVE AND TALQUIN WATER AND WASTEWATER, INC., A RELATED PARTY, ARE COMPRISED OF THE SAME INDIVIDUALS. 0 SEMINOLE ELECTRIC COOPERATIVE INC TRUSTEES 71862872 PURCHASED POWERGENERAL MANAGER TRACY A. BENSLEY AND TRUSTEES CARRIE L. DURDEN AND SAM FENN SERVE ON THE BOARD OF TRUSTEES OF SEMINOLE ELECTRIC COOPERATIVE, INC. AND ARE LISTED IN PART VII OF FORM 990. 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE'S MEMBERSHIP IS COMPROMISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR BODY POLITIC OR SUBDIVISION WHO AGREES TO (1) PURCHASE UTILITY SERVICES FROM THE COOPERATIVE, (2) COMPLY WITH THE ARTICLES OF INCORPORATION AND BY-LAWS, AND (3) PAY THE MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A ANY MEMBER, MEETING THE QUALIFICATIONS TO SERVE, CAN OBTAIN 15 MEMBERS' SIGNATURES TO BE PLACED ON THE BOARD OF TRUSTEES ELECTION BALLOT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS. THE MEMBERS MUST ALSO APPROVE ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHORITY HAS NOT BEEN GRANTED BY THE GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVED A COPY OF THE FINAL 990 THROUGH ELECTRONIC MAIL PRIOR TO FILING THE RETURN. THE DIRECTOR OF FINANCE REVIEWS AND APPROVES THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE COOPERATIVE COVERS DIRECTORRS, OFFICERS AND KEY EMPLOYEES. CONFLICTS MUST BE DISCLOSED TO THE PRESIDENT OR GENERAL MANAGER IMMEDIATELY AND ARE RELAYED TO THE BOARD OF TRUSTEES. THE INDIVIDUAL IS GIVEN 30 DAYS TO COMPLY WITH THE POLICY OR BE REMOVED FROM THEIR POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S SALARY IS SET BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE RECOMMENDS THE SALARY BASED ON NATIONAL SURVEYS. THE FULL BOARD OF TRUSTEES APPROVES THE GENERAL MANAGER'S SALARY. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS SET BY THE GENERAL MANAGER. COMPENSATION STUDIES FOR POSITIONS IN SIMILAR INDUSTRIES ARE USED AS A BASIS FOR COMPENSATION. 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 VII - ADDITIONAL INFORMATION TIM WADDLE WORKS EXCLUSIVELY FOR TALQUIN WATER & WASTWATER, INC., BUT THE COOPERATIVE PAYS HIS SALARY AS HE IS AN EMPLOYEE OF COOPERATIVE. THEREFORE HE SPENDS ALL OF HIS HOURS AS A KEY EMPLOYEE WORKING FOR TALQUIN WATER & WASTWATER, INC. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS AND SERVICE 3,661,333. CONSUMER SERVICE AND INFORMATION 912,234. TRANSMISSION 214,670. OTHER 94,662. SALES 89,815. LESS RENTAL EXPENSES -2,427. LESS COMPENSATION REPORTED ON LINES 5 & 7 -2,624,966. FORM 990, PART IX THE IRS' INSTRUCTIONS FOR THE 2018 VERSION OF THE FORM 990 STATE: THE INSTRUCTIONS CLARIFY THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4..." OF PART IX, STATEMENT OF FUNCTIONAL EXPENSES. LINE 4 IS ENTITLED "BENEFITS PAID TO OR FOR MEMBERS". SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS CONTINUE REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER PATRONAGE DIVIDENDS PAID MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED FINANCIAL STATEMENT OF REVENUE AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2018 AND OTHER BENEFITS PAID TO MEMBERS. FORM 990, PART IX THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE ACCOUNTING PRACTICES PRESCRIBED BY THE RURAL UTILITIES SERVICE (RUS) OF THE UNITED STATES DEPARTMENT OF AGRICULTURE. THESE ACCOUNTING PRACTICES DO NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED IN PART IX, LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS CERTAIN EXPENSE CLASSIFICATIONS, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY RUS. ADDITIONALLY, THE IRS' INSTRUCTIONS FOR THE 2018 VERSION OF THE FORM 990 STATE: THE ORGANIZATION MUST SEPARATELY REPORT THE AMOUNT, IF ANY, OF UNRELATED BUSINESS INCOME TAXES THAT IT PAID OR ACCRUED DURING THE TAX YEAR ON LINE 24. THE COOPERATIVE PAID $X,XXX FOR THEIR 2017 EXTENSION IN 2018. THE COOPERATIVE PAID $X,XXX IN ESTIMATED TAX PAYMENTS FOR THEIR 2018 RETURN. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIP 580. CHANGE IN OTHER EQUITIES 491,635. OTHER COMPREHENSIVE INCOME 356,758. RETIREMENT OF CAPITAL CREDITS -3,414,025. BENEFITS PAID TO OR FOR MEMBERS 3,414,025. ROUNDING 1. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS SINCE THE PRIOR YEAR. TALQUIN WATER AND WASTEWATER INC 1640 WEST JEFFERSON STREET QUINCY FL 32351 204787395 COOPERATIVE FL 501(C)(12) TALQUIN ELECTRIC COOPERATIVE INC 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 TALQUIN WATER AND WASTEWATER INC D 2655772 CASH VALUE TALQUIN WATER AND WASTEWATER INC Q 275000 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 190956 CASH VALUE