CARROLL ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: CARROLL ELECTRIC COOPERATIVE CORPORATION (EIN 71-0027635)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-13
IRS object ID: 201843179349302934
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-13T11:20:06-06:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	750882037	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BOLINGER SEGARS GILBERT AND MOSS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8215 NASHVILLE AVENUE	AddressLine1Txt
City	LUBBOCK	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79423	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	710027635	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CARROLL ELECTRIC COOPERATIVE CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CARR	BusinessNameControlTxt
Phone	8704232161	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 4000	AddressLine1Txt
City	BERRYVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72616	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROB BOAZ	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	8704232161	PhoneNum
Signature	2018-11-05	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM M MILLER	PreparerPersonNm
PTIN	P00439459	PTIN
Phone	8067473806	PhoneNum
Preparation	2018-11-05	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	65.182.80.152	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-11-05	IPDt
IP Tm	11:41:07	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	B203D40F61B6B7195294B4E759D44885CEF08510	AtSubmissionCreationDeviceId
At Submission Filing Device Id	587A88673713A033F58E04FDF6801CBB1F7DD2F2	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ROB BOAZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 4000	AddressLine1Txt
City	BERRYVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72616	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$179,622,135	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CARROLLECC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1937	FormationYr
Legal Domicile State	AR	LegalDomicileStateCd
Activity Or Mission	TO SERVE OUR MEMBERS WITH SAFE, RELIABLE, AND AFFORADABLE ELECTRICITY.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	287	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$176,240,968	PYProgramServiceRevenueAmt
CY Program Service Revenue	$174,698,689	CYProgramServiceRevenueAmt
PY Investment Income	$3,674,983	PYInvestmentIncomeAmt
CY Investment Income	$3,557,075	CYInvestmentIncomeAmt
PY Other Revenue	$1,039,867	PYOtherRevenueAmt
CY Other Revenue	$1,071,384	CYOtherRevenueAmt
PY Total Revenue	$180,955,818	PYTotalRevenueAmt
CY Total Revenue	$179,327,148	CYTotalRevenueAmt
PY Grants And Similar Paid	$30,171	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$28,768	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$12,332,008	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$8,809,349	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$19,297,506	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$20,889,792	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$149,296,133	PYOtherExpensesAmt
CY Other Expenses	$149,599,239	CYOtherExpensesAmt
PY Total Expenses	$180,955,818	PYTotalExpensesAmt
CY Total Expenses	$179,327,148	CYTotalExpensesAmt
PY Revenues Less Expenses	$0	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$552,556,509	TotalAssetsBOYAmt
Total Assets EOY	$562,634,209	TotalAssetsEOYAmt
Total Liabilities BOY	$315,863,212	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$317,379,842	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$236,693,297	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$245,254,367	NetAssetsOrFundBalancesEOYAmt
Mission	WE EXIST TO SERVE OUR MEMBERS WITH SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	SALES OF ELECTRIC POWER TO MEMBERS - 98,282 ACTIVE SERVICES WERE PROVIDED POWER AT YEAR END AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	126	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	287	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$171,168,973	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$8,583,755	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHAD ALLEN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8704232161	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	920 HWY 62 SPUR	AddressLine1Txt
City	BERRYVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72616	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ALAN HUNNICUTT
CHAIRMAN	7.90	Yes (X)	Yes (X)	$27,346	$0	$413
CARLA HATHORN
VICE CHAIRMAN	7.50	Yes (X)	Yes (X)	$29,605	$0	$643
WINFRED PRIER
SECRETARY/TREASURER	3.60	Yes (X)	Yes (X)	$34,081	$0	$0
J NEFF BASORE
DIRECTOR	5.80	Yes (X)		$27,466	$0	$422
KRISTY NOBLE
DIRECTOR	4.90	Yes (X)		$40,076	$0	$831
DAVID GLASS
DIRECTOR	8.10	Yes (X)		$47,881	$0	$1,137
CHARLES R SHINN
DIRECTOR	3.80	Yes (X)		$27,326	$0	$400
JOSEPH R SPIVEY
DIRECTOR	6.20	Yes (X)		$37,856	$0	$998
BOBBY G RAULSTON
DIRECTOR	5.40	Yes (X)		$36,216	$0	$683
ROB BOAZ
PRESIDENT/CEO	50.00		Yes (X)	$458,958	$0	$283,634
CHAD ALLEN
VP FINANCIAL SERVICES	45.00		Yes (X)	$167,435	$0	$106,293
JAMES SANDERS
VP EXECUTIVE SERVICES	45.00			$253,663	$0	$111,097	Yes (X)
KEAN STEELY
VP ENGINEERING & OPERATION	40.00			$221,050	$0	$96,399	Yes (X)
MICHAEL DODGE
VP BENTONVILLE DISTRICT	50.00			$211,669	$0	$111,321	Yes (X)
DAVID BROCK
VP OFFICE SERVICES	47.00			$169,812	$0	$89,726	Yes (X)
JOHN WORLEY
VP BENTON COUNTY LINES SERVICES	55.00			$145,005	$0	$107,140	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,935,445	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$911,137	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	30	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
ARKANSAS ELECTRIC COOPERATIVEINC
PO BOX 194208	LITTLE ROCK	AR	72219	CONSTRUCTION	$4,918,474
BARROWS EXCAVATION INC
49 CR 404	BERRYVILLE	AR	72616	CONSTRUCTION	$1,810,353
BLACK & MCDONALD
6001 FRONT STREET	KANSAS CITY	MO	64120	ENGINEERING SERVICES	$945,300
ALLGEIER MARTIN & ASSOCIATES INC
PO BOX 2627	JOPLIN	MO	64803	ENGINEERING SERVICES	$763,339
PROGRESSIVE SOLUTIONS LLC
PO BOX 825124	PHILADELPHIA	PA	19182	ROW VEGETATION MANAGEMENT	$607,877

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	12	CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIII	Yes (X)	InfoInScheduleOPartVIIIInd

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SALES OF ELECTRICITY	221000	$169,128,781	$169,128,781
PATRONAGE DIVIDENDS	221000	$4,216,687	$4,216,687
SERVICE FEES	221000	$922,881	$922,881
SURGE SUPPRESSOR REVENUE	221000	$222,753	$222,753
OTHER PROGRAM REVENUE	221000	$207,587	$207,587

Field	Value	IRS element (for citing)
Total Program Service Revenue	$174,698,689	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,465,178	TotalRevenueColumnAmt
Exclusion	$3,465,178	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$5,940	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$5,940	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,940	TotalRevenueColumnAmt
Exclusion	$5,940	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$223,974	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$132,077	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$91,897	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$91,897	TotalRevenueColumnAmt
Exclusion	$91,897	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$189,228	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$162,910	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$26,318	TotalRevenueColumnAmt
Related Or Exempt Func Income	$26,318	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	POLE ATTACHMENT INCOME	Desc
Business	221000	BusinessCd
Total Revenue Column	$1,039,126	TotalRevenueColumnAmt
Exclusion	$1,039,126	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,039,126	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$179,327,148	TotalRevenueColumnAmt
Related Or Exempt Func Income	$174,725,007	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$4,602,141	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$15,268	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$13,500	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$8,809,349	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,329,700	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$12,580,405	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,851,276	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,173,635	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$954,776	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$10,138,858	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$17,008,979	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PURCHASED POWER	$109,163,338
DISTRIBUTION EXPENSE	$7,381,938
ADMIN & GENERAL EXPENSE	$5,121,862
CONSUMER EXPENSE	$396,076

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$388,188	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$179,327,148	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,196,206	BOYAmt
EOY	$762,868	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,682,894	BOYAmt
EOY	$3,373,398	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$15,661,772	BOYAmt
EOY	$14,562,748	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$4,050,278	BOYAmt
EOY	$4,366,363	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,740,595	BOYAmt
EOY	$5,960,894	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$609,702,851	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$158,905,262	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$429,765,060	BOYAmt
EOY	$450,797,589	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$66,579,183	BOYAmt
EOY	$66,896,612	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$15,880,521	BOYAmt
EOY	$15,913,737	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$552,556,509	BOYAmt
EOY	$562,634,209	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$14,747,301	BOYAmt
EOY	$10,731,878	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$284,737,357	BOYAmt
EOY	$287,413,302	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$16,378,554	BOYAmt
EOY	$19,234,662	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$315,863,212	BOYAmt
EOY	$317,379,842	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$1,825,925	BOYAmt
EOY	$1,893,043	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$234,867,372	BOYAmt
EOY	$243,361,324	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$236,693,297	BOYAmt
EOY	$245,254,367	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$552,556,509	BOYAmt
EOY	$562,634,209	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$8,561,070	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	0	InclEscrowCustodialAcctLiabInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,902,117	OtherCostOrOtherBasisAmt
Book Value	$6,902,117	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$65,015,470	OtherCostOrOtherBasisAmt
Depreciation	$5,738,543	DepreciationAmt
Book Value	$59,276,927	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$500,247,900	OtherCostOrOtherBasisAmt
Depreciation	$153,166,719	DepreciationAmt
Book Value	$347,081,181	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$37,537,364	OtherCostOrOtherBasisAmt
Book Value	$37,537,364	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$450,797,589	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CAPITAL TERM CERTIFICATES	$1,809,827	C
PATRONAGE CAPITAL - AECC	$58,483,556	C
PATRONAGE CAPITAL - AECI	$3,749,065	C
PATRONAGE CAPITAL - CFC	$1,029,328	C
PATRONAGE CAPITAL - COBANK	$648,277	C
PATRONAGE CAPITAL - FEDERATED	$910,307	C
PATRONAGE CAPITAL - ARESIT	$262,437	C
MEMBERSHIPS & OTHER	$3,420	C
PATRONAGE CAPITAL - FARMERS	$354	C
PATRONAGE CAPITAL - SOUTH COOP	$41	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$66,896,612	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
ACCUMULATED PROVISION FOR POST RETIREMENT BENEFITS	$5,581,985
CONSUMER DEPOSITS	$5,629,343
ACCRUED OPERATING TAXES	$5,401,696
DEFERRED CREDITS	$2,621,638

Field	Value	IRS element (for citing)
Total Liability	$19,234,662	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES.

PART IX:

THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS FOR POST-SECONDARY EDUCATION	GrantTypeTxt
Recipient	26	RecipientCnt
Cash Grant	$13,500	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II:	ALL GRANTS, SPONSORSHIPS AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, SPONSORSHIP AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II.
PART III:	EACH HIGH SCHOOL IN THE COOPERATIVE'S SERVICE TERRITORY SELECTS ONE SCHOLARSHIP RECIPIENT THAT IS CHOSEN BY THE COUNSELOR OF EACH RESPECTIVE HIGH SCHOOL. UPON ENROLLMENT BY THE SCHOLARSHIP RECIPIENT, THE COOPERATIVE PAYS THE COLLEGE OR UNIVERSITY DIRECTLY.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROB BOAZ
PRESIDENT/CEO	$448,337	$0	$5,396	$0	$5,225	$0	$264,544	$0	$19,090	$0	$742,592	$0	$0	$0
CHAD ALLEN
VP FINANCIAL SERVICES	$160,651	$0	$5,843	$0	$941	$0	$87,946	$0	$18,347	$0	$273,728	$0	$0	$0
JAMES SANDERS
VP EXECUTIVE SERVICES	$216,208	$0	$5,564	$0	$31,891	$0	$92,375	$0	$18,722	$0	$364,760	$0	$26,400	$0
KEAN STEELY
VP ENGINEERING & OPERATION	$215,053	$0	$3,787	$0	$2,210	$0	$77,691	$0	$18,708	$0	$317,449	$0	$0	$0
MICHAEL DODGE
VP BENTONVILLE DISTRICT	$206,450	$0	$3,786	$0	$1,433	$0	$92,669	$0	$18,652	$0	$322,990	$0	$0	$0
DAVID BROCK
VP OFFICE SERVICES	$161,621	$0	$6,821	$0	$1,370	$0	$71,373	$0	$18,353	$0	$259,538	$0	$0	$0
JOHN WORLEY
VP BENTON COUNTY LINES SERVICES	$142,799	$0	$741	$0	$1,465	$0	$89,030	$0	$18,110	$0	$252,145	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II, COLUMNS B, C, & D:	THE AMOUNTS REPORTED ON SCHEDULE J ARE NOT ALL EXPENSE ITEMS TO THE COOPERATIVE IN THE FILING PERIOD, AND IF REPORTED ON A CASH OR ACCRUAL BASIS, THESE AMOUNTS WOULD VARY. THE AMOUNTS REPORTED IN SCHEDULE J, AS REQUIRED BY THE IRS, MEASURE THE VESTING OF BENEFITS PAYABLE AND NOT THE ACTUAL EXPENSE TO THE COOPERATIVE. IN EARLY YEARS OF EMPLOYMENT, VESTING IS LOW. IN LATER YEARS, AS EMPLOYEES APPROACH RETIREMENT, VESTING IS HIGH. WITH VERY LIMITED EXCEPTION, ALL RETIREMENT PLANS IN COLUMN C ARE THE SAME PLANS OFFERED TO ALL EMPLOYEES OF THE COOPERATIVE. THE ACTUAL COST AND/OR EXPENSE OF REPORTABLE COMPENSATION TO THE COOPERATIVE FOR THE FORM 990 FILING PERIOD IS DISPLAYED AS FOLLOWS: ROB BOAZ: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 458,958 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 153,017 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 19,090 CHAD ALLEN: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 167,435 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 57,742 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,347 JAMES SANDERS: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 253,663 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 77,681 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,722 KEAN STEELY: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 221,050 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 76,920 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,708 MICHAEL DODGE: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 211,669 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 73,976 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,652 DAVID BROCK: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 169,812 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 58,016 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,353 JOHN WORLEY: COLUMN B (I-III) - BOX 5, W-2 WAGES $ 145,005 COLUMN C - EMPLOYER RETIREMENT PLAN EXPENSE $ 45,696 COLUMN D - EMPLOYER PROVIDED NON-TAXABLE BENEFITS EXPENSE $ 18,110
PART I, LINE 1A:	TRAVEL FOR COMPANIONS - PURSUANT TO COOPERATIVE POLICY, THE PRESIDENT/CEO (R. BOAZ) RECEIVES THE TRAVEL FOR COMPANION BENEFIT AS APPROVED BY THE BOARD ON AN AS NEEDED BASIS. TRAVEL FOR COMPANION EXPENSES PAID DURING THE YEAR TOTALED $404. PART I, LINE 4B: QUALIFYING DIRECTORS AND THE PRESIDENT/CEO (R. BOAZ) PARTICIPATE IN A PLAN PURSUANT TO BOARD POLICY. BENEFITS VEST BASED ON CONDITIONS WITHIN THE POLICY AND BOARD APPROVAL AT THAT TIME. THE ACTUARIAL INCREASE OF BENEFITS POTENTIALLY PAYABLE UNDER THE PLAN ARE REPORTED ON FORM 990, PART VII, SECTION A, COLUMN F AND ARE SUMMARIZED AS FOLLOWS: DIRECTORS $ 5,527 PRESIDENT/CEO 156 TOTAL ACCRUED UNDER THE PLAN $ 5,683 BECAUSE CERTAIN EMPLOYEES ARE PROHIBITED BY IRS RULES FROM FULLY PARTICIPATING IN CONVENTIONAL RETIREMENT PLANS, THE COOPERATIVE SPONSORS A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN WHERE, FOR PLAN PARTICIPANTS, BENEFITS UNDER THE PLAN ARE CURRENTLY ACCRUED AND PARTIALLY VESTED IN THE SAME YEAR. TOTAL BENEFITS PAID TO VP EXECUTIVE SERVICES (J. SANDERS) DURING THE YEAR WERE $26,400. THE COOPERATIVE ALSO SPONSORS A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN WHERE, FOR THE PLAN PARTICIPANT, BENEFITS ACCRUE ANNUALLY BUT ARE NOT VESTED/PAYABLE UNTIL NORMAL RETIREMENT AGE. THE ACTUARIAL INCREASE ASSOCIATED WITH PARTICIPATION IN THE PLAN FOR PRESIDENT/CEO (R. BOAZ) IS $164,026.
SCHEDULE J:	THE FOLLOWING DISCLOSURES ARE AN INTEGRAL PART OF UNDERSTANDING COMPENSATION REPORTED IN SCHEDULE J. THESE ADDITIONAL DISCLOSURES FURTHER EXPLAIN BENEFITS PROVIDED BY THE COOPERATIVE TO ITS EMPLOYEES AND, IN GENERAL, AMOUNTS ACCRUED UNDER APPLICABLE PLANS. PLEASE NOTE, HOWEVER, WITH RESPECT TO CERTAIN RETIREMENT BENEFITS, THE AMOUNTS REPORTED PURSUANT TO FORM 990 INSTRUCTIONS ARE NOT REPRESENTATIVE OF THE ACTUAL COST/EXPENSE TO THE COOPERATIVE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (19 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1	THE COOPERATIVE HAS 9 BOARD MEMBERS; ALL 9 ARE ALLOWED TO VOTE, HOWEVER THE BOARD CHAIRMAN VOTES ONLY IN THE CASE OF A TIE.
FORM 990, PART VI, SECTION A, LINE 2	BUSINESS RELATIONSHIP: ALAN HUNNICUTT (DIRECTOR) AND KRISTY NOBLE (DIRECTOR) SHARE A BUSINESS RELATIONSHIP. ROB BOAZ (PRESIDENT/CEO) AND ALAN HUNNICUTT (DIRECTOR) BOTH SERVED ON THE BOARD OF ARKANSAS ELECTRIC COOPERATIVE CORPORATION AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. ROB BOAZ (PRESIDENT/CEO) AND CARLA HATHORN (DIRECTOR) BOTH SERVED ON THE BOARD OF ARKANSAS ELECTRIC COOPERATIVE, INC. AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 6	THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE VIA UNITED STATES MAIL ON A ONE MEMBER ONE VOTE BASIS. MEMBERS COMPLETE AND RETURN WRITTEN BALLOTS IN A SEALED ENVELOPE ADDRESSED TO THE SECRETARY OF THE COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 7B	THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION
FORM 990, PART VI, SECTION A, LINE 8B	THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO".
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT PROVIDED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	OFFICIALS MUST COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THE CONFLICT OF INTEREST POLICY. EACH OFFICIAL IS RESPONSIBLE FOR ENSURING THAT THE FORM IS KEPT CURRENT AND MUST IMMEDIATELY SUBMIT AN UPDATED FORM TO THE APPROPRIATE ETHICS COMMITTEE IF THERE IS ANY MATERIAL CHANGE TO ANY OF THE INFORMATION CONTAINED IN THE FORM. PER THE POLICY DEFINITION, OFFICIAL MEANS A DIRECTOR, OFFICER, AN EMPLOYEE WHO IS RESPONSIBLE FOR THE PROCUREMENT OF GOODS AND SERVICES INCLUDING THE SELECTION, AWARD, OR ADMINISTRATION OF CONTRACTS DURING NORMAL OR EMERGENCY SITUATIONS, OR KEY EMPLOYEE AS DEFINED BY THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVES' IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT/CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR PRESIDENTS/CEOS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN ARKANSAS AND THE NATION. THE BOARD AND THE PRESIDENT/CEO USE A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVES' IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT ARKANSAS AND THE NATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THE COOPERATIVE ARE PROVIDED IN WRITTEN OR ELECTRONIC FORM UPON REQUEST. THE BYLAWS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. THE ANNUAL FINANCIAL REPORT IS DISTRIBUTED TO ALL MEMBERS IMMEDIATELY PRIOR TO THE ANNUAL MEETING OF THE MEMBERS. ANY MEMBER, UPON REQUEST, IS PROVIDED A COMPLETE COPY OF THE COOPERATIVE'S AUDIT REPORT.
FORM 990, PART VIII, LINE 2B:	PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS.
FORM 990, PART IX:	THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA.
FORM 990, PART IX, LINES 5-7:	SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $13,910,105 LESS: DIRECTOR FEES REPORTED ON FORM 1099-MISC (307,853) LESS: DIRECTOR RETIREMENT BENEFITS INCLUDED IN LINE 5 (5,527) LESS: OFFICER BENEFITS REPORTED ON LINE 5 (389,927) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 6,049,256 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 1,440,764 TOTAL WAGES ACCRUED AND/OR PAID: $20,696,818
FORM 990, PART IX, LINE 24:	ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL $ 3,978,393 OFFICE SUPPLIES 1,044,550 OUTSIDE SERVICES 184,505 PENSION & BENEFITS 1,169,348 REGULATORY COMMISION 300,329 DUPLICATE CHARGES (CREDIT) (137,440) MISCELLANEOUS GENERAL 3,023,423 DIRECTORS 374,245 MAINTENANCE OF GENERAL PLANT 1,736,452 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $11,673,805 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (28,768) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (313,380) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (3,985,704) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (2,224,091) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 5,121,862
FORM 990, PART IX, LINE 4:	PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2017 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER.
FORM 990, PART IX, LINE 24E:	OTHER EXPENSES ARE COMPRISED OF THE FOLLOWING: TRANSMISSION $ 372,009 OTHER DEDUCTIONS 16,179 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 388,188
FORM 990, PART XI, LINE 9:	NET CHANGE IN MEMBERSHIPS 67,118. PATRONAGE CAPITAL ASSIGNED 8,809,349. PATRONAGE CAPITAL RETIRED - DECLARED -1,859,794. UNCLAIMED PATRONAGE RETIREMENTS RETAINED PER STATE LAW 2,558,966. OTHER COMPREHENSIVE INCOME(LOSS) -1,014,569.
FORM 990, PART XII, LINE 2B:	AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE COOPERATIVE'S FINANCIAL STATEMENT AUDIT YEAR END OF FEBRUARY 28TH. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR TAX YEAR END OF DECEMBER 31.
FORM 990, PART XII, LINE 2C:	THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR.