CLOVERLAND ELECTRIC COOPERATIVE INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CLOVERLAND ELECTRIC COOPERATIVE INC (EIN 38-0429495)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-07-02
- IRS object ID
- 201801839349300515
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-07-02T10:24:50-04:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383559481 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HARRIS GROUP CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 731 S GARFIELD AVE | AddressLine1Txt |
| City | TRAVERSE CITY | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49686 | 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 | 380429495 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLOVERLAND ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLOV | BusinessNameControlTxt |
| Phone | 9066356800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 725 EAST POSTAGE AVE | AddressLine1Txt |
| City | SAULT STE MARIE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49783 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL DASHO | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 9066356800 | PhoneNum |
| Signature | 2018-06-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD G HARRIS CPA | PreparerPersonNm |
| PTIN | P00223494 | PTIN |
| Phone | 2319468930 | PhoneNum |
| Preparation | 2018-06-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANIEL DASHO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 725 EAST PORTAGE AVE | AddressLine1Txt |
| City | SAULT STE MARIE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49783 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $78,283,551 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CLOVERLAND.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | ELECTRIC COOPERATIVE | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 114 | TotalEmployeeCnt |
| Total Gross UBI | -$82,446 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$82,446 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $79,385,173 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $76,543,310 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,341,565 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,651,871 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,967 | PYOtherRevenueAmt |
| CY Other Revenue | -$42,603 | CYOtherRevenueAmt |
| PY Total Revenue | $80,723,771 | PYTotalRevenueAmt |
| CY Total Revenue | $78,152,578 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $499,999 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $67,627 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,625,265 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,481,083 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $76,236,297 | PYOtherExpensesAmt |
| CY Other Expenses | $72,680,462 | CYOtherExpensesAmt |
| PY Total Expenses | $78,361,561 | PYTotalExpensesAmt |
| CY Total Expenses | $74,229,172 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,362,210 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,923,406 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $191,354,983 | TotalAssetsBOYAmt |
| Total Assets EOY | $195,098,488 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $160,483,319 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $160,159,357 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,871,664 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $34,939,131 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ELECTRIC COOPERATIVE | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDE ELECTRIC POWER TO 33,964 COOPERATIVE MEMBERS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 65 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 114 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $76,616,936 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,292,619 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | 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 | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT MALASKI | PersonNm |
| Phone | 9066356800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2916 W M-28 | AddressLine1Txt |
| City | DAFTER | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49724 | 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 |
|---|---|---|---|---|---|---|---|
| VIRGIL MONROE | |||||||
| CHAIRMAN | 10.00 | Yes (X) | Yes (X) | $17,070 | $0 | $581 | |
| RONALD PROVO | |||||||
| VICE CHAIRPE | 10.00 | Yes (X) | Yes (X) | $15,255 | $0 | $581 | |
| CARMINE BONACCI | |||||||
| DIRECTOR | 10.00 | Yes (X) | $14,674 | $0 | $581 | ||
| PETER LEGAULT | |||||||
| DIRECTOR | 10.00 | Yes (X) | $14,082 | $0 | $581 | ||
| RICHARD NEWLAND | |||||||
| DIRECTOR | 10.00 | Yes (X) | $13,661 | $0 | $581 | ||
| JASON ST ONGE | |||||||
| DIRECTOR | 10.00 | Yes (X) | $13,556 | $0 | $581 | ||
| CHARLES LITZNER | |||||||
| SECRETARY/TR | 10.00 | Yes (X) | Yes (X) | $13,406 | $0 | $581 | |
| JOHN SAWRUK | |||||||
| DIRECTOR | 10.00 | Yes (X) | $12,164 | $0 | $581 | ||
| WILLIAM LALONDE | |||||||
| DIRECTOR | 10.00 | Yes (X) | $7,575 | $0 | $290 | ||
| DANIEL DASHO | |||||||
| PRESIDENT AN | 40.00 | Yes (X) | $301,892 | $0 | $82,968 | ||
| ROBERT MALASKI | |||||||
| CFO/DIR.OF P | 40.00 | Yes (X) | $177,979 | $0 | $68,076 | ||
| PHILIP SCHMITIGAL | |||||||
| DIR. OF GENE | 40.00 | $135,309 | $0 | $38,768 | Yes (X) | ||
| WENDY MALASKA | |||||||
| DIRECTOR OF | 40.00 | $128,944 | $0 | $54,469 | Yes (X) | ||
| BRIAN LAVEY | |||||||
| DIRECTOR OF | 40.00 | $122,299 | $0 | $53,796 | Yes (X) | ||
| KENT NICHOLLS | |||||||
| GENERATION O | 40.00 | $120,984 | $0 | $26,686 | Yes (X) | ||
| JAMES MACKIE | |||||||
| DIRECTOR OF | 40.00 | $119,209 | $0 | $49,705 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,228,059 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $379,406 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KOKOSING INDUSTRIAL | |||||
| 6235 WESTERVILLE ROAD | WESTERVILLE | OH | 43081 | CONSTRUCTION | $2,016,745 |
| TREES INC | |||||
| PO BOX 676367 | HOUSTON | TX | 75267 | TREE CLEARING | $1,194,326 |
| PENINSULA FIBER NETWORK LLC | |||||
| 1901 W RIDGE ST SUITE 2 | MARQUETTE | MI | 49855 | CONSTRUCTION | $184,356 |
| THUNDER BAY TREE SERVICE LLC | |||||
| 1172 HALLEY ROAD | ALPENA | MI | 49707 | TREE CLEARING | $162,185 |
| CUMMINS BRIDGEWAY LLC | |||||
| 977 N CENTRAL AVE | GAYLORD | MI | 49735 | MAINTENANCE | $116,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ELECTRIC REVENUE FROM MEMBERS | $76,303,655 | $76,303,655 | |
| POLE CONTACT FEES | $239,655 | $239,655 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $76,543,310 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,651,871 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,410,754 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $241,117 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $39,205 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $121,651 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | -$82,446 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$82,446 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$82,446 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $13,936 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $9,322 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,614 | TotalRevenueColumnAmt |
| Exclusion | $4,614 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| OTHER REVENUE | $30,930 | $30,930 |
| GAIN ON SALE OF FA | $4,299 | $4,299 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,229 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $78,152,578 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $77,749,638 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$82,446 | UnrelatedBusinessRevenueAmt |
| Exclusion | $485,386 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,627 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $479,871 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $626,745 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $374,467 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,475,263 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,251,022 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER PURCHASED | $32,060,298 |
| TRANSMISSION | $7,418,390 |
| DISTRIBUTIONS MAINTENANCE | $5,474,310 |
| COST OF POWER PRODUCED | $4,261,321 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,739,858 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,229,172 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,150 | BOYAmt |
| EOY | $3,150 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,787,210 | BOYAmt |
| EOY | $2,685,507 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,654,724 | BOYAmt |
| EOY | $9,502,400 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,464,147 | BOYAmt |
| EOY | $4,315,599 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $410,281 | BOYAmt |
| EOY | $316,838 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $197,897,628 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $46,078,045 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,798,379 | BOYAmt |
| EOY | $151,819,583 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,102,629 | BOYAmt |
| EOY | $14,687,565 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,134,463 | BOYAmt |
| EOY | $11,767,846 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,354,983 | BOYAmt |
| EOY | $195,098,488 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,985,449 | BOYAmt |
| EOY | $11,276,143 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $656,743 | BOYAmt |
| EOY | $664,754 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,690,716 | BOYAmt |
| EOY | $143,622,066 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,150,411 | BOYAmt |
| EOY | $4,596,394 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,483,319 | BOYAmt |
| EOY | $160,159,357 | 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 | $132,330 | BOYAmt |
| EOY | $140,420 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,958,038 | BOYAmt |
| EOY | $1,982,781 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,781,296 | BOYAmt |
| EOY | $32,815,930 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,871,664 | BOYAmt |
| EOY | $34,939,131 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,354,983 | BOYAmt |
| EOY | $195,098,488 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,923,406 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $144,061 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $197,897,628 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,078,045 | DepreciationAmt |
| Book Value | $151,819,583 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $151,819,583 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ATC, LLC | $11,029,467 | C |
| DEFERRED COMP 457 PLANS | $854,520 | C |
| INVESTMENT IN NRUCFC | $820,539 | C |
| OTHER INVESTMENTS IN ASSOC ORG | $676,847 | C |
| COBANK | $555,983 | C |
| FEDERATED RURAL ELECTRIC INSURANCE | $451,643 | C |
| PATRONAGE CAPITAL CREDITS | $298,566 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $14,687,565 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEFERRED REGULATORY ASSET | $10,036,793 |
| DEFERRED RETIREMENT BENEFIT | $1,332,059 |
| NON-UTILITY PROPERTY | $398,994 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $11,767,846 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE POWER COSTS | $3,491,874 |
| 457B DEFERRED COMP PLANS | $854,520 |
| LINE OF CREDIT | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,596,394 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $78,152,578 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $78,152,578 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $78,152,578 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $74,161,545 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $74,161,545 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $67,627 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $67,627 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $74,229,172 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 4B | FormAndLineReferenceDesc |
| Explanation | PATRONAGE CAPITAL PAYMENTS TO MEMBERS 67,627 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| DANIEL DASHO | |||
| PRESIDENT AND CEO | $301,892 | $82,968 | $384,860 |
| ROBERT MALASKI | |||
| CFO/DIR.OF PWR MKTG. | $177,979 | $68,076 | $246,055 |
| PHILIP SCHMITIGAL | |||
| DIR. OF GENERATION | $135,309 | $38,768 | $174,077 |
| WENDY MALASKA | |||
| DIRECTOR OF COMM. | $128,944 | $54,469 | $183,413 |
| BRIAN LAVEY | |||
| DIRECTOR OF ENGINEER | $122,299 | $53,796 | $176,095 |
| JAMES MACKIE | |||
| DIRECTOR OF OPERATIO | $119,209 | $49,705 | $168,914 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE IS OWNED BY ITS MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS ELECT THE BOARD OF DIRECTORS BY REGION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | REVIEWED BY PRESIDENT & CEO AND CFO. |
| FORM 990, PAGE 6, PART VI, LINE 15A | REVIEW OF COMPARABLE DATA FROM NRECA. |
| FORM 990, PAGE 6, PART VI, LINE 15B | REVIEW OF COMPARABLE DATA FROM NRECA. |
| FORM 990, PAGE 6, PART VI, LINE 19 | MADE AVAILABLE BY WRITTEN REQUEST. |
| FORM 990, PART IX, LINE 24E | ADMINISTRATIVE AND GENERA 4,130,000 0 0 DISTRIBUTIONS OPERATIONS 3,027,813 0 0 TAXES - PROPERTY 2,760,401 0 0 CUSTOMER ACCOUNTS 2,112,190 0 0 CUSTOMER SERVICE AND INFO 1,346,663 0 0 LOSS FROM SUBSIDIARY 642,218 0 0 SALES EXPENSE 122,173 0 0 OTHER DEDUCTIONS 79,483 0 0 ALLOCATED PAYROLL -1,481,083 0 0 TOTAL 12,739,858 0 0 |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL 44,497 INCREASE IN MEMBERSHIPS 8,090 ACCUMULATED OTHER COMPREHENSIVE GAIN 91,474 TOTAL 144,061 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIGHTHOUSENET | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3098 WEST 8TH STREET | AddressLine1Txt |
| City | SAULT STE MARIE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49783 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383287587 | EIN |
| Primary Activities | INTERNET | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |