2019-12-06T14:57:02-06:00 2019-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2018-07-01 630264087 Arab Electric Cooperative Inc ARAB 2565863196 PO Box 770 Arab AL 35016 Stacey White Interim General Manager 2565863196 2019-12-02 1 Patrick Cooper P00856177 3348347660 2019-12-02 142.154.130.164 2019-12-02 13:20:42 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-04-17 16:48:07Z Stacey White PO Box 770 Arab AL 35016 36614539 0 X N/A X 1947 AL The Cooperative's most significant activities include the sale of electricity and electric services to members. 9 9 33 0 0 0 0 0 35637351 35775858 72825 200046 634485 638635 36344661 36614539 0 0 122199 918677 385878 274804 0 0 0 35836584 35421058 36344661 36614539 0 0 44090194 45128702 9212647 9333548 34877547 35795154 None 0 0 Arab Electric Cooperative, Inc. now serves 12,686 residential accounts, 2,557 small commercial accounts, 191 large commercial accounts as well as 157 lighting accounts, with the total number of accounts being 15,591. Arab Electric Cooperative, Inc. has 1,247 miles of distribution line that delivers power purchased from Tennessee Valley Authority to its members. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 33 1 0 0 0 0 0 0 0 35775857 200046 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X Arab Electric Cooperative 2565863196 331S Brindlee Mt Pkwy Arab AL 35016 Janet Bright Trustee 1.00 X 1500 0 0 Bill Strickland Trustee 1.00 X 1750 0 0 Max Hyatt Trustee 1.00 X 2750 0 0 Charles S Whisenant Trustee 1.00 X 4000 0 0 Mark Holmes Trustee 1.00 X 4000 0 0 Jerry Holmes Trustee 1.00 X 2000 0 0 Roger Head Trustee 1.00 X 4000 0 0 Ty Smith Trustee 1.00 X 4500 0 0 Charlie Griffin Trustee 1.00 X 4000 0 0 Dianne Prestridge Trustee 1.00 X 4000 0 0 Charles W Whisenant Trustee 1.00 X 4500 0 0 Scott Spence General Manager 40.00 X 135295 0 43490 Keith Kirby Controller 40.00 X 55819 0 3200 228114 0 46690 1 0 1 0 Asplundh Tree Expert PO Box 532829 Suite H Atlanta GA 303532729 Right of Way Clearing 2140042 Corbit Power & Lights 203 Pecan Street Albertville AL 35950 Electric Distribution Construction 333734 B&R Meter Services 296 Co Rd 1545 Cullman AL 35058 Meter Reading 234742 Fisher & Arnold Inc PO Box 1000 Dept 533 Memphis TN 38148 Consulting 182004 Central Service Association PO Box 3480 Tupelo MS 38803 IT and Software Support 160816 5 Sales of Electricity 900099 35775858 35775858 35775858 200046 200046 638324 0 638324 638324 638324 Extraordinary Revenue 900099 311 311 311 36614539 35775858 0 838681 918677 274804 19178 1652247 Cost of Power 27071579 Administrative & Genera 2540361 Taxes 1603574 Distribution-Maintenanc 1429122 1104997 36614539 7627672 1878717 2849505 2810061 1312124 1227183 585465 723523 4150916 9768922 50754605 23369510 26897772 27385095 663709 940195 3031 395006 44090194 45128702 5107429 5198991 4105218 4134557 9212647 9333548 X 0 0 0 0 34877547 35795154 34877547 35795154 44090194 45128702 X 0 917607 X X 0 1 X 1 0 417448 417448 50337157 23369510 26967647 27385095 TVA Advances 1246039 Customer Deposits 2888518 4134557 X 36614539 0 36614539 0 36614539 35695862 0 35695862 918677 918677 36614539 Part X, Line 2: The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. Part XII, Line 4b - Other Adjustments: Margins allocated to members 918,677. X 0 0 0 Scott Spence General Manager 135295 0 0 0 0 0 29630 0 13860 0 178785 0 0 0 Form 990, Part VI, Section A, line 6 Arab Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Form 990, Part VI, Section A, line 7a Arab Electric Cooperative's governing body consists of nine directors that are elected by the membership of the cooperative. Each directors serves a three year term and represents a certain district within the territory served by the cooperative. The terms are staggered in order for the cooperative to only have three directors up for election in any one year. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is distributed to the Board for review before it is signed by the General Manager. Form 990, Part VI, Section B, line 15 Salaries for both the organization's officers, as well as the top management official, are determined by the Executive Committee of the Board. These salaries are also determined by examining compensation of others in the industry and by the use of performance measures. Form 990, Part VI, Section C, line 19 These documents are available upon request at the Cooperative's office in Arab, Alabama. Form 990, Part XI, line 9: Change in Memberships -1,070. Benefits allocated to members 918,677. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. Arab Electric Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Arab Electric Cooperative assigns the net margins to its members each year. The amount listed in Part IX, Line 4 represents the net margins assigned to the members for the fiscal year ended June 30, 2019.