FORT LOUDOUN ELECTRIC COOPERATIVE: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- FORT LOUDOUN ELECTRIC COOPERATIVE (EIN 62-0204106)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-09-25
- IRS object ID
- 201832689349301153
- 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 | 2018-09-25T16:11:14-04:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621651321 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INGRAM OVERHOLT & BEAN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 428 MARILYN LANE | AddressLine1Txt |
| City | ALCOA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620204106 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORT LOUDOUN ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FORT | BusinessNameControlTxt |
| Phone | 8773532674 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1030 | AddressLine1Txt |
| City | VONORE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37885 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL C WEBB | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4238842049 | PhoneNum |
| Signature | 2018-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | T MARK LUND | PreparerPersonNm |
| PTIN | P00533089 | PTIN |
| Phone | 8659841040 | PhoneNum |
| Preparation | 2018-08-27 | 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 | LEWIS JONES | PrincipalOfficerNm |
| Gross Receipts | $70,775,584 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FLEC.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | COOPERATIVE | OtherOrganizationDsc |
| Formation | 1940 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 88 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $67,993,807 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $70,174,867 | CYProgramServiceRevenueAmt |
| PY Investment Income | $400,397 | PYInvestmentIncomeAmt |
| CY Investment Income | $511,937 | CYInvestmentIncomeAmt |
| PY Other Revenue | $78,500 | PYOtherRevenueAmt |
| CY Other Revenue | $88,780 | CYOtherRevenueAmt |
| PY Total Revenue | $68,472,704 | PYTotalRevenueAmt |
| CY Total Revenue | $70,775,584 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $65,594,833 | PYOtherExpensesAmt |
| CY Other Expenses | $68,201,799 | CYOtherExpensesAmt |
| PY Total Expenses | $65,594,833 | PYTotalExpensesAmt |
| CY Total Expenses | $68,201,799 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,877,871 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,573,785 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $100,385,875 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,416,490 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $24,867,192 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,225,062 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,518,683 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $78,191,428 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. | 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 | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | 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 | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 88 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | $68,673,742 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,101,842 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | 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 | Yes (true) | 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 | Yes (true) | 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 | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL C WEBB | PersonNm |
| Phone | 8773532674 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 116 TELLICO PORT RD | AddressLine1Txt |
| City | VONORE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37885 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| LEWIS JONES | ||||||||
| PRESIDENT | 2.00 | 0.00 | Yes (X) | Yes (X) | $12,275 | $0 | $0 | |
| SHIRLEY HALL | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $10,475 | $0 | $0 | ||
| JAMES PUGH | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $10,175 | $0 | $0 | ||
| JOHN LOOPE | ||||||||
| VICE PRESIDE | 2.00 | 0.00 | Yes (X) | Yes (X) | $8,225 | $0 | $0 | |
| D C BAREFIELD | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $8,075 | $0 | $0 | ||
| ANGELA TALLENT | ||||||||
| SECRETARY/TR | 2.00 | 0.00 | Yes (X) | Yes (X) | $7,025 | $0 | $0 | |
| VERNON DAVIS | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $6,875 | $0 | $0 | ||
| DOUG MCJUNKIN | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $5,643 | $0 | $0 | ||
| MICHAEL WIGGINS | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $1,831 | $0 | $0 | ||
| JARROD BRACKETT | ||||||||
| CEO | 55.00 | 0.00 | Yes (X) | $146,357 | $0 | $36,361 | ||
| CHAD KIRKPATRICK | ||||||||
| VP OPERATION | 50.00 | 0.00 | Yes (X) | $120,113 | $0 | $34,747 | ||
| MICHAEL C WEBB | ||||||||
| CFO | 50.00 | 0.00 | Yes (X) | $118,983 | $0 | $33,893 | ||
| LISA LINGERFELT | ||||||||
| VP OF HUMAN | 50.00 | 0.00 | Yes (X) | $88,161 | $0 | $29,909 | ||
| ANTHONY SCHAFFER | ||||||||
| SPVR/CORR - | 54.00 | 0.00 | $141,139 | $0 | $30,487 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $685,352 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $165,397 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | 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 |
|---|---|---|---|---|---|
| STRICKLAN TREE SERVICE | |||||
| 504 STINNETT RD | MADISONVILLE | TN | 37354 | TREE CUTTING | $1,656,087 |
| BRIAN CODA | |||||
| 798 JONES DR | GREENBACK | TN | 37742 | UNDERGROUND INS | $498,480 |
| WOLF TREE | |||||
| 1500 NORTH MANTUA ST | KENT | OH | 44240 | TREE CUTTING | $112,482 |
| SOUTHEAST WOODLAND SERVICES | |||||
| 431 CAINES LANDING RD | CONWAY | SC | 29526 | RIGHT OF WAY SP | $110,466 |
| MCCLURES COMMUNICATION | |||||
| 1404 ROWLAND RD | MARBLE | NC | 28905 | FIBER CONNECT | $107,348 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ELECTRIC SALES REVENUE | $67,822,159 | $67,822,159 | |
| RENT FROM ELECTRIC PROPERTY | $1,442,596 | $1,442,596 | |
| REVENUE FROM LATE PAYMENTS | $426,178 | $426,178 | |
| REVENUE FROM METER SET | $425,405 | $425,405 | |
| MISCELLANEOUS | $58,529 | $58,529 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $70,174,867 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $511,937 | TotalRevenueColumnAmt |
| Exclusion | $511,937 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FIBER OPTIC ACCESS RENTAL | Desc |
| Total Revenue Column | $88,780 | TotalRevenueColumnAmt |
| Exclusion | $88,780 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $88,780 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,775,584 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,732,271 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,043,313 | ExclusionAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $616,683 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,662,499 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| POWER COSTS | $51,881,346 |
| MAINT - OVERHEAD LINES | $3,150,495 |
| DISTRIBUTION - GENERAL | $1,675,238 |
| ADMIN - SALARIES | $1,462,661 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,752,877 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,201,799 | 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 | $430,942 | BOYAmt |
| EOY | $601,549 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,195,863 | BOYAmt |
| EOY | $13,418,652 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,631,541 | BOYAmt |
| EOY | $4,149,376 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,144,122 | BOYAmt |
| EOY | $1,584,910 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,157,653 | BOYAmt |
| EOY | $1,257,480 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,868 | BOYAmt |
| EOY | $449,420 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $129,182,359 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $54,533,655 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,426,226 | BOYAmt |
| EOY | $74,648,704 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $967,019 | BOYAmt |
| EOY | $999,833 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,275,641 | BOYAmt |
| EOY | $4,306,566 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,385,875 | BOYAmt |
| EOY | $101,416,490 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,429,311 | BOYAmt |
| EOY | $8,109,750 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,992,228 | BOYAmt |
| EOY | $7,585,193 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,445,653 | BOYAmt |
| EOY | $7,530,119 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,867,192 | BOYAmt |
| EOY | $23,225,062 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,518,683 | BOYAmt |
| EOY | $78,191,428 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,518,683 | BOYAmt |
| EOY | $78,191,428 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,385,875 | BOYAmt |
| EOY | $101,416,490 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,573,785 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $98,960 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $790,574 | OtherCostOrOtherBasisAmt |
| Book Value | $790,574 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,915,455 | OtherCostOrOtherBasisAmt |
| Depreciation | $571,603 | DepreciationAmt |
| Book Value | $2,343,852 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $116,978,692 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,273,041 | DepreciationAmt |
| Book Value | $68,705,651 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,190,739 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,689,011 | DepreciationAmt |
| Book Value | $2,501,728 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $306,899 | OtherCostOrOtherBasisAmt |
| Book Value | $306,899 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $74,648,704 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $1,967,215 |
| ADVANCES FROM TVA | $1,577,110 |
| ACCRUED POST EMPLOYMENT BENEFITS | $1,465,000 |
| REFUNDABLE CONSTRUCTION ADVANCES | $1,301,000 |
| ACCRUED VACATION | $572,903 |
| ACCRUED TAXES | $384,597 |
| MEMBERSHIPA | $160,810 |
| OTHER LIABILITIES | $101,484 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,530,119 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $70,775,584 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $70,775,584 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $70,775,584 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $68,201,799 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $68,201,799 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $68,201,799 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| JARROD BRACKETT | |||
| CEO | $146,357 | $36,361 | $182,718 |
| CHAD KIRKPATRICK | |||
| VP OPERATIONS | $120,113 | $34,747 | $154,860 |
| MICHAEL C WEBB | |||
| CFO | $118,983 | $33,893 | $152,876 |
| ANTHONY SCHAFFER | |||
| SPVR/CORR - ENG SERV | $141,139 | $30,487 | $171,626 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPORATIVE IS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ELECTIONS ARE HELD EACH YEAR IN WHICH THE MEMBERS ELECT THE GOVERNING BOARD. THE ELECTED OFFICIAL SERVES FOR A THREE YEAR TERM. TERMS ARE STAGGERED SO THAT EITHER TWO OR THREE MEMBERS ARE ELECTED EACH YEAR. THE SERVICE AREA OF THE UTILITY IS DIVIDED INTO DISTRICTS, EACH OF THE EIGHT DISTRICTS ELECTING ONE REPRESENTATIVE TO SERVE THE MEMBERS IN THAT DISTRICT. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CHANGES TO THE BYLAWS APPROVED BY THE BOARD OF DIRECTORS MUST THEN BE RATIFIED BY THE ORGANIZATION'S MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A DRAFT IS PROVIDED TO THE ORGANIZATION'S ACCOUNTING STAFF AND CEO FOR REVIEW. UPON FINAL APPROVAL OF THE CEO AND ACCOUNTING STAFF, THE FINAL RETURN IS PRESENTED TO THE GOVERNING BODY WHO APPROVES THE 990 FOR FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ORGANIZATION USES FEDERAL, STATE AND REGIONAL COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE CEO. THE CEO'S COMPENSATION IS THEN SET AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | FEDERAL, STATE AND REGIONAL COMPARABILITY DATA IS USED TO ESTABLISH COMPENSATION FOR KEY AND OTHER EMPLOYEES. THE CEO APPROVES ALL COMPENSATION WHICH IS USED TO PREPARE THE ORGANIZATION'S ANNUAL BUDGET. THE BUDGET IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NEW MEMBERS ARE PROVIDED WITH A COPY OF THE BYLAWS OF THE ORGANIZATION. IN ADDITION, ANY MEMBER MAY REQUEST A COPY OF THE BYLAWS AT ANY TIME. OTHER POLICY STATEMENTS, FINANCIAL STATEMENTS, OR OTHER DOCUMENTS CAN BE REQUESTED FROM THE ORGANIZATION'S CEO AND IS RELEASED AT THE APPROVAL OF THE CEO. |
| FORM 990, PART XI, LINE 9 | OTHER COMPREHENSICE INCOME: 0 AMORTIZATION OF ACTUARIAL LOSS 15,700 ACTUAL GAIN ON POST EMPLOYMENT BENEFITS 83,260 TOTAL 98,960 |