2019-09-26T13:02:06-05:00 2018-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2018-01-01 221317845 SUSSEX RURAL ELECTRIC COOPERATIVE SUSS 9738755101 64 COUNTY ROAD 639 SUSSEX NJ 07461 CHRIS REESE PRESIDENT AND CEO 9738755101 2019-09-26 1 JAMES C ALEXANDER IV CPA P01384001 7166645104 72.45.244.226 2019-09-26 14:00:44 ED P 0F8E2851FD416ACFB00AA7630511EF29DE290C73 CE10A116B00708B007C897AFDAEC18C6948C9B2F 2018 2019-02-21 02:37:17Z CHRIS REESE 64 COUNTY ROAD 639 SUSSEX NJ 07461 21596968 0 X WWW.SUSSEXREC.COM X 1937 NJ TO PROVIDE ELECTRIC POWER TO MEMBERS. 9 9 46 0 7800 6800 0 0 19699403 20515869 78564 39729 1064170 1041370 20842137 21596968 0 0 837934 962829 512588 564271 0 0 0 18825043 19319244 20175565 20846344 666572 750624 44897743 45075280 25528589 25179430 19369154 19895850 TO PROVIDE ELECTRIC POWER TO MEMBERS. 0 0 20846344 TO PROVIDE ELECTRIC POWER TO MEMBERS. 20846344 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 38 0 1 46 1 1 1 0 0 0 0 0 0 20702781 300651 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 CORPORATION 9738755101 64 COUNTY ROUTE 639 SUSSEX NJ 07461 JACK HAGGERTY JR CHAIRMAN 5.00 0.50 X X 6275 0 0 WILLIAM KOVACH VICE-CHAIRMAN 4.00 0.50 X X 0 0 7900 RAYMOND W CORDTS SECRETARY/TREASURER 3.50 0.50 X X 0 0 8975 RONALD J DUPONT JR DIRECTOR 5.00 X 7850 0 0 THOMAS E MADSEN DIRECTOR 4.50 0.50 X 0 0 7725 BARBARA BERGE MILLER DIRECTOR 4.00 X 5700 0 0 BRAD SPARTA DIRECTOR 4.00 X 8375 0 0 RICHARD WETZEL DIRECTOR 4.00 X 7100 0 0 MICHAEL HOPKINS DIRECTOR 4.50 X 0 0 9450 CHRISTOPHER REESE PRESIDENT/CEO 45.00 1.00 X 213622 0 74170 KEVIN BOUTILIER DIRECTOR OF FINANCE 44.00 1.00 X 157615 0 49514 CHARLES PIKE DIRECTOR OF ENGINEERING 45.00 X 165892 0 64776 JOSEPH SPINETTA CHIEF COORDINATOR 47.50 X 145853 0 44425 JEFF ROWEN CHIEF LINEMAN 46.50 X 150506 0 52315 FREDERICK HOSKING JR FIRST CLASS LINEMAN 47.50 X 152085 0 50674 THOMAS STONE SUPERVISOR OF OPERATIONS 42.50 X 140579 0 58567 1161452 0 428491 19 0 1 0 ASPLUNDH TREE EXPERT 14 RIDGEDALE AVE CEDAR KNOLLS NJ 07927 TREE TRIMMING 898894 1 SALE OF ELECTRICITY 221000 19437872 19437872 OTHER OPERATING REVENUE 221000 1077997 1077997 20515869 37429 37429 7800 509322 0 0 7800 509322 517122 7800 509322 2300 0 2300 2300 2300 G&T AND PATRONAGE CAPITAL CREDITS 221000 335970 335970 OTHER 221000 188611 188611 SUBSIDIARY LOSS 221000 -333 -333 524248 21596968 21042417 7800 546751 962829 962829 564271 564271 747099 747099 1780661 1780661 COST OF POWER 10196528 10196528 DISTRIBUTION - MAINTENA 2509440 2509440 DISTRIBUTION - OPERATIO 1895054 1895054 GENERAL AND ADMINISTRAT 1573758 1573758 616704 616704 20846344 20846344 0 0 1423661 985144 2051438 2194520 562494 727872 2375942 2449736 68016492 35610597 32300385 32405895 5765263 5893886 418560 418227 44897743 45075280 2686375 3090497 2613986 2284098 19156761 19405131 1071467 399704 25528589 25179430 X 53140 53585 0 0 19316014 19842265 19369154 19895850 44897743 45075280 X 750624 -223928 X 0 1 X 1 0 68016492 35610597 32405895 32405895 ALLEGHENY ELECTRIC COOPERATIVE PATRONAGE 4180214 C NRUCFC 1518561 C FEDERATED INSURANCE PATRONAGE 156034 C OTHER 39077 C 5893886 CUSTOMER PREPAYMENTS 399704 399704 X 21596968 0 21596968 0 21596968 19883515 0 19883515 962829 962829 20846344 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO FEDERAL INCOME TAXES ON CERTAIN UNRELATED BUSINESS INCOME, AND IS SUBJECT TO NEW JERSEY CORPORATION BUSINESS TAX ON ITS ENTIRE NEW JERSEY TAXABLE INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2015 AND LATER YEARS, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS 962,829. PART XII, LINE 4B ADJUSTMENTS: CAPITAL CREDIT RETIREMENTS OF $962,829 IS REPORTED ON PART IX ON THE STATEMENT OF FUNCTIONAL EXPENSES ON THE FORM 990, HOWEVER, ON THE AUDITED FINANCIAL STATEMENTS THEY ARE REPORTED AS A REDUCTION TO EQUITY. X X 0 0 0 CHRISTOPHER REESE PRESIDENT/CEO 208622 0 5000 0 0 0 47062 0 27108 0 287792 0 0 0 KEVIN BOUTILIER DIRECTOR OF FINANCE 154115 0 3500 0 0 0 39354 0 10160 0 207129 0 0 0 CHARLES PIKE DIRECTOR OF ENGINEERING 162392 0 3500 0 0 0 38988 0 25788 0 230668 0 0 0 JOSEPH SPINETTA CHIEF COORDINATOR 145853 0 0 0 0 0 25240 0 19185 0 190278 0 0 0 JEFF ROWEN CHIEF LINEMAN 150506 0 0 0 0 0 25207 0 27108 0 202821 0 0 0 FREDERICK HOSKING JR FIRST CLASS LINEMAN 152085 0 0 0 0 0 23566 0 27108 0 202759 0 0 0 THOMAS STONE SUPERVISOR OF OPERATIONS 140579 0 0 0 0 0 36151 0 22416 0 199146 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP OF THE COOPERATIVE HAVE THE POWER TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B CHANGES OR AMENDMENTS TO THE BYLAWS ARE APPROVED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 A SEPARATE COMMITTEE ON THE BOARD APPROVES COMPENSATION FOR THE PRESIDENT BASED ON INDUSTRY AND LOCAL COMPARISIONS. MANAGEMENT DETERMINES COMPENSATION FOR OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIP FEES 445. CHANGE IN OTHER COMPREHENSIVE INCOME -256,106. CHANGES IN OTHER EQUITY 31,733. SREC RESOURCES INC PO BOX 7250 SUSSEX NJ 07461 223585145 SALES NJ C 1415316 861721 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 SREC RESOURCES A 7800 COST SREC RESOURCES D 100000 COST SREC RESOURCES O 757243 COST SREC RESOURCES P 200421 COST SREC RESOURCES Q 258218 COST