2019-10-09T07:44:37-05:00 2018-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2018-01-01 730539216 KIAMICHI ELECTRIC COOPERATIVE INC KIAM 9184652338 PO BOX 340 WILBURTON OK 74578 BRETT ORME CEO 9184652338 2019-10-04 1 LAURIE HANSON P00851848 6053391999 2019-10-04 216.147.181.46 2019-10-04 11:11:15 CD P C5ADF3E96DC5FD5E5884512D59AB882B10EDFEC1 58563A860C08994041E53A5B7FE60D5BE488C1AC 2018 2020-01-14 16:20:31Z BRETT ORME PO BOX 340 WILBURTON OK 74578 39954559 0 X N/A X 1945 OK TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE. 7 7 54 0 150426 9355 0 0 38457754 39498547 29793 105734 383720 350278 38871267 39954559 11000 7700 2841215 1595324 596640 732799 0 0 0 35422412 37618736 38871267 39954559 0 0 107166606 110072440 65107031 67589475 42059575 42482965 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMICS AND GOOD MANAGEMENT. 0 0 DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 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 44 0 1 54 1 1 1 0 0 0 0 0 0 39715603 456011 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 1 0 OK X KIAMICHI ELECTRIC COOPERATIVE INC 8008882731 966 SW HWY 2 WILBURTON OK 74578 X DON PARR PRESIDENT 10.00 X X 25978 0 0 MARK ICHORD VICE-PRESIDENT 17.00 X X 27774 0 0 RON PELANCONI SECRETARY/TREASURER 15.50 X X 29369 0 0 RUSSELL SHAW DIRECTOR 12.00 X 33252 0 0 DAVID RAY DIRECTOR 18.00 X 31169 0 0 LARRY CULWELL DIRECTOR 16.00 X 29769 0 0 RICHARD MEDLOCK DIRECTOR 6.50 X 12250 0 0 BRETT ORME CEO 45.30 X 208981 0 105711 CRYSTAL BUTLER CFO 42.60 X 109617 0 51274 KEVIN DAVIS MANAGER OF ENGINEERING 42.00 X 111932 0 49931 TONY NIXON CONSTRUCTION MANAGER 52.10 X 130763 0 21182 JEREMY SHAFFER AREA MAINTENANCE MAN 52.60 X 100915 0 29994 DOUG BINNS FORMER DIRECTOR 0.00 X 10080 0 0 861849 0 258092 5 1 1 0 GORDON CONSTRUCTION 905 WEST MAIN STIGLER OK 74462 OH LINE CONSTRUCTION/MAINTENANCE 2310051 RMA ENGINEERING LLC 409 WEST 2ND PO BOX 18 MINNEAPOLIS KS 67467 FIELD INVENTORY 589119 LATIMER RIGHT-OF-WAY SERVICES LLC PO BOX 728 WILBURTON OK 74578 RIGHT-OF-WAY MAINTENANCE 297125 ASPLUNDH TREE EXPERT COMPANY 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT-OF-WAY MAINTENANCE 296973 WILLIAM D SHARP DBA WWJB CONTRACTING PO BOX 1070 KREBS OK 74554 HQ WAREHOUSE YARD EXPANSION 170601 6 RESIDENTIAL 221000 27752787 27752787 SMALL COMMERCIAL 221000 7368701 7368701 INDUSTRIAL 221000 2081354 2081354 CAPITAL CREDITS 221000 1330660 1330660 GROSS RECEIPTS TAX 221000 757007 757007 208038 208038 39498547 31267 31267 195735 0 195735 195735 195735 74467 0 74467 74467 74467 WILDBLUE 517000 150426 150426 NONOPERATING REVENUE 221000 4117 4117 154543 39954559 39498547 150426 305586 7700 1595324 732799 117604 2146381 3336915 COST OF POWER 23653110 DISTRIBUTION - MAINTENA 2444958 ADMINISTRATIVE & GENERA 2409145 DISTRIBUTION - OPERATIO 2046528 1464095 39954559 23878 150547 21402 21520 4425865 4882608 527453 630310 868411 746679 107696665 23240127 82685968 84456538 24630 24630 18581273 19151882 7726 7726 107166606 110072440 3310743 3585321 51586270 52997895 1864065 1540305 8345953 9465954 65107031 67589475 X 81700 81790 0 0 41977875 42401175 42059575 42482965 107166606 110072440 X 0 423390 X 0 1 X 1 0 234852 234852 10789732 501037 10288695 4585597 3238282 1347315 92086484 19500808 72585676 84456538 INVESTMENT IN WESTERN FARMERS ELECTRIC COOP 14152046 C INVESTMENT IN KAMO ELECTRIC COOP 1664000 C INVESTMENT IN COBANK 1343051 C INVESTMENT IN NRUCFC 790964 C INVESTMENT IN SOUTHEASTERN DATA COOP 168417 C INVESTMENT IN NRTC 118387 C INVESTMENT IN ARKANSAS ELECTRIC COOP 96926 C INVESTMENT IN NATIONAL INFORMATION SOLUTIONS COOP 52071 C OTHER INVESTMENTS 3460 C NRUCFC SUBORDINATE CERTIFICATES 762560 C 19151882 ACCUMULATED PROVISIONS - ASSET RETIREMENT OBLIGATIONS 6145659 DEFERRED CREDITS 1729765 CUSTOMER DEPOSITS 1384704 CHECKS WRITTEN IN EXCESS OF BANK BALANCE 205826 9465954 X 39836955 -117604 -117604 39954559 0 39954559 38241631 0 38241631 1712928 1712928 39954559 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. HOWEVER, CERTAIN OTHER INCOME IS REPORTED AS UNRELATED BUSINESS INCOME (UBI) BY THE COOPERATIVE AND FILED ANNUALLY ON FEDERAL FORM 990T. THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2018 AND 2017, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP -117,604. PART XII, LINE 4B - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP 117,604. ALLOCATION OF 2018 MARGINS TO MEMBERS IN 2019 1,595,324. X X 0 0 0 BRETT ORME CEO 208981 0 0 0 0 0 86862 0 19771 0 315614 0 0 0 CRYSTAL BUTLER CFO 109617 0 0 0 0 0 26425 0 25347 0 161389 0 0 0 KEVIN DAVIS MANAGER OF ENGINEERING 111932 0 0 0 0 0 31081 0 19315 0 162328 0 0 0 TONY NIXON CONSTRUCTION MANAGER 130763 0 0 0 0 0 1620 0 20034 0 152417 0 0 0 DOUG BINNS FORMER DIRECTOR 10080 0 0 0 0 0 0 0 0 0 10080 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. BRETT ORME CHANGE IN ACTUARIAL VALUE: $82,828 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $43,080 CRYSTAL BUTLER CHANGE IN ACTUARIAL VALUE: $24,253 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $23,156 TONY NIXON CHANGE IN ACTUARIAL VALUE: $0 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $22,402 KEVIN DAVIS CHANGE IN ACTUARIAL VALUE: $28,977 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $21,755 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE VOTE TO ELECT DISTRICT OFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY WITHOUT APPROVAL OF THE MAJORITY OF THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT UTILIZE AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD AND ALSO REVIEWED BY THE CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY SITUATIONS THAT DO OR COULD CREATE A CONFLICT OF INTEREST. POTENTIAL CONFLICTS ARE REPORTED TO THE UNIMPACTED GENERAL MANAGER OR BOARD TRUSTEE. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER A CONFLICT EXISTS. IF IT'S DETERMINED THERE IS A REAL OR APPARENT CONFLICT OF INTEREST, THE COOPERATIVE WILL DISQUALIFY THE AFFECTED INDIVIDUAL FROM ACTING ON ANY MATTER OR PARTICIPATING IN ANY DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. FAILURE BY THE AFFECTED PERSON TO COMPLY WITH THE CONFLICT OF INTEREST POLICY SUBJECTS THE INDIVIDUAL TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, IF SO WARRANTED BY THE OFFENSE. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE USES STATEWIDE AND NATIONAL COMPARATIVE DATA ANNUALLY FOR DETERMINING COMPENSATION FOR THE CEO, THE CFO, AND THE EMPLOYEES. THE DETERMINATION OF COMPENSATION IS MADE BY INDEPENDENT PERSONS AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL MEETING NEWSLETTER AND UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -976,718. LOSS ON ACCUM. POST-RETIREMENT BENEFIT OBLIGATION -335,152. AMORT. OF ACCUM. POST-RETIREMENT BENEFIT OBLIGATION REG. ASSET -128,097. MEMBERSHIPS - NET CHANGE 90. CHANGE IN OTHER EQUITIES 267,943. ALLOCATION OF 2018 MARGINS TO MEMBERS IN 2019 1,595,324.