2019-10-31T08:03:58-05:00 2018-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2018-01-01 730199463 COTTON ELECTRIC COOPERATIVE INC COTT 5808753351 226 NORTH BROADWAY ST WALTERS OK 735721226 JENNIFER M MEASON CEO 5808754241 2019-10-22 true SEAN B DUNAHAY CPA P00086460 9187498337 2019-10-21 64.207.232.134 2019-10-31 08:03:58 CD P 4C8A41972BB33917DC249F0BC4823617510CB3CA 003FB1185ECEAC881910493D25B957876940FEAE 2018 2020-03-31 21:24:44Z JENNIFER M MEASON 226 NORTH BROADWAY WALTERS OK 735721299 67120671 false X WWW.COTTONELECTRIC.COM X 1938 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 9 9 100 0 0 61503397 66503142 1513158 263389 99695 95045 63116250 66861576 0 3017587 4388741 866589 1062053 0 0 59102954 61542882 62987130 66993676 129120 -132100 145146240 149699697 72612475 74041927 72533765 75657770 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 19,587 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. 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 true false false false false false true false false true 58 0 100 true false false false false false 65067643 1652112 false false false X 9 9 false false false false true true false true true false false true true true true true true true false false OK X THE COOPERATIVE 5808753351 226 NORTH BROADWAY WALTERS OK 73572 X TONY HIGH DIRECTOR 5.00 0.00 X 26602 0 0 BRIAN DEMARCUS DIRECTOR 5.00 0.00 X 23148 0 0 STEVEN ROBINSON DIRECTOR 5.00 0.00 X 22852 0 0 RONNIE BOHOT DIRECTOR 5.00 0.00 X 21539 0 0 CHARLES SPENCER DIRECTOR 5.00 0.00 X 14530 0 0 THOMAS J JONES JR DIRECTOR 5.00 0.00 X 14133 0 0 KEN LAYN DIRECTOR 5.00 0.00 X 12617 0 0 TIM MCCARY DIRECTOR 5.00 0.00 X 11062 0 0 SHANNON FILES DIRECTOR 5.00 0.00 X 6827 0 0 CLIFFORD DUNHAM DIRECTOR 5.00 0.00 X 5900 0 0 JENNIFER M MEASON CEO 40.00 0.00 X 208837 0 161265 MICHAEL W OTTINGER VP OPERATION 40.00 0.00 X 126012 0 60108 JEFFREY S SIMPSON VP FINANCE 40.00 0.00 X 119218 0 71795 BRYCE HOOPER VP MARKETING 40.00 0.00 X 105678 0 49930 718955 343098 4 false true false WIN-SONS POLELINE CONSTRUCTION INC 6100 S CROSSROADS BLVD OKLAHOMA CITY OK 73149 CONSTRUCTION 904639 K&M HIGHLINE SERVICES LLC PO BOX 16340 OKLAHOMA CITY OK 73113 CONSTRUCTION 675243 BACCO TREE SERVICE INC 20400 E 103RD ST N CLAREMORE OK 74019 LINE CLEARING 621460 UTILITY PLUS INC PO BOX 461 KINGFISHER OK 73750 CONSTRUCTION 531479 WICHITA CONSTRUCTION INC PO BOX 622 GERONIMO OK 73543 CONSTRUCTION 328822 7 X SALES OF ELECTRICITY 221000 64986328 64986328 PATRONAGE DIVIDENDS 221000 1435499 1435499 SERVICE FEES 221000 81315 81315 66503142 259757 259757 121375 121375 121375 121375 3632 3632 3632 3632 232765 259095 -26330 -26330 66861576 66503142 358434 4388741 1062053 2323675 4260649 PURCHASED POWER 43532744 DISTRIBUTION 7192339 CONSUMER EXPENSE 1675143 GENERAL & ADMINISTRATIVE 1300230 1258102 66993676 0 0 0 2167965 2422890 2076880 3100841 6509209 6323147 1010465 956584 2086627 1695429 142760406 41465188 97705297 101295218 33589797 33905588 145146240 149699697 5395942 5655859 58345149 59236067 8871384 9150001 72612475 74041927 X 113755 113145 9201143 9943530 63218867 65601095 72533765 75657770 145146240 149699697 X -132100 3256105 X false true X true false 459481 459481 4691363 583663 4107700 137609562 40881525 96728037 101295218 INVESTMENTS IN ASSOCIATED 33905588 33905588 POST-RETIREMENT BENEFIT OBLIGATION 7259310 CONSUMER DEPOSITS 1211352 DEFERRED CREDIT - CREDIT BAL A/R 415967 EST. MEDICAL CLAIMS 260913 DEFERRED CONSUMER DEPOSITS 2330 RENEWABLE ENERGY 129 9150001 X 66993676 132100 132100 66861576 66861576 62604935 62604935 4388741 4388741 66993676 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. SIGNIFICANT REQUIREMENTS OF THESE STATUTES PROVIDE THAT AT LEAST 85 PERCENT OF INCOME CONSISTS OF AMOUNTS COLLECTED FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. COTTON ELECTRIC SERVICES, INC. IS A TAXABLE C-CORPORATION AND IS REQUIRED TO PAY FEDERAL INCOME TAX. SCHEDULE D, PAGE 4, PART XI, LINE 2D EQUITY INCOME SUBSIDIARY 132,100 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ALLOCATED 4,388,741 X X false false false JENNIFER M MEASON CEO 201069 7768 142897 18368 370102 MICHAEL W OTTINGER VP OPERATIONS 119195 700 6117 42264 17844 186120 JEFFREY S SIMPSON VP FINANCE 115538 300 3380 53951 17844 191013 BRYCE HOOPER VP MARKETING 102415 300 2963 32086 17844 155608 SCHEDULE J, PART III JENNIFER MEASON ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 136,551 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,346 TOTAL REPORTED IN COLUMN C 142,897 LESS: ACTUARIAL INCREASE (136,551) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 50,547 EXPENSE TO THE COOPERATIVE 56,893 MICHAEL OTTINGER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 38,443 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,821 TOTAL REPORTED IN COLUMN C 42,264 LESS: ACTUARIAL INCREASE (38,443) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,491 EXPENSE TO THE COOPERATIVE 34,312 JEFFREY SIMPSON ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 50,331 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,620 TOTAL REPORTED IN COLUMN C 53,951 LESS: ACTUARIAL INCREASE (50,331) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,908 EXPENSE TO THE COOPERATIVE 32,528 BRYCE HOOPER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 29,007 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,079 TOTAL REPORTED IN COLUMN C 32,086 LESS: ACTUARIAL INCREASE (29,007) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,374 EXPENSE TO THE COOPERATIVE 27,453 CHARLES SPENCER DIRECTOR DIRECTOR OF WFEC G&T false 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 11B REVIEW AND/OR APPROVAL BY BOARD. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEETS REGARDING THE POSSIBLE CONFLICT OF INTEREST AND IF IT IS DERTERMINED THAT A CONFLICT EXISTS, THE BOARD MEMBER IS ASKED TO RESIGN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL WAGE RANGE STUDIES INCLUDE A COMPARISION OF WAGES AND SALARIES OF COMPARABLE POSITIONS IN THE LOCAL MARKET, COMPETITORS IN THE SAME INDUSTRY, NRECA COMPENSATION STUDIES, INDEPENDENT COMPENSATION STUDIES FROM COMPARABLE-SIZED COOPERATIVES, ETC. THESE COMPARISIONS ARE REVIEWED BY THE BUDGET COMMITTEE AND PRESENTED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART VII THE AMOUNT REPORTED ON PART VII, COLUMN (F) FOR OFFICERS IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN, AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER. 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 XI, LINE 9 INCREASE IN OTHER EQUITIES 742,388 PATRONAGE DIVIDEND ALLOCATED 4,388,741 EQUITY INCOME SUBSIDIARY 132,100 DECREASE IN MEMBERSHIPS -610 RETIREMENT OF CAPITAL CREDITS -1,636,676 TRANSFER TO OTHER EQUITIES -369,838 TOTAL 3,256,105 COTTON ELECTRIC CHARITABLE 226 N BROADWAY WALTERS OK 73572 700746327 DONATIONS OK 501C3 10 CEC COTTON ELECTRIC COOPERATIVE false COTTON ELECTRIC SERVICES INC 226 N BROADWAY WALTERS OK 73572 731250176 TESTING OK CEC COTTON ELECTRIC COOPERATIVE C CORP 2196403 1687479 1.00000 false true false false false false false false false false false false false true true true true true true false COTTON ELECTRIC SERVICES INC A 6000 ACCRUAL COTTON ELECTRIC SERVICES INC M 11584 ACCRUAL COTTON ELECTRIC SERVICES INC N 3600 ACCRUAL COTTON ELECTRIC SERVICES INC O 498127 ACCRUAL COTTON ELECTRIC SERVICES INC P 1336 ACCRUAL COTTON ELECTRIC SERVICES INC Q 18524 ACCRUAL COTTON ELECTRIC SERVICES INC R 69180 ACCRUAL