2018-05-08T13:09:50-05:00 2017-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2017-01-01 730382745 OKLAHOMA ELECTRIC COOPERATIVE % OKLAHOMA ELECTRIC COOPERATIV OKLA 4053212024 PO BOX 1208 NORMAN OK 73070 PATRICK C GRACE CEO 4053212024 2018-04-25 true AMBER SHERRILL P00748683 5013721040 2017 2022-09-23 18:48:47Z PATRICK C GRACE PO BOX 1208 NORMAN OK 73070 128030173 false X WWW.OKCOOP.ORG X 1937 OK TO PROVIDE ELECTRICITY TO ITS MEMBERS 9 9 155 0 0 0 0 126596113 127629533 260838 398671 1147 1969 126858098 128030173 0 0 0 0 16941638 16213089 0 0 0 103437356 105026367 120378994 121239456 6479104 6790717 290062651 299949786 189094086 194009032 100968565 105940754 TO PROVIDE ELECTRICITY TO ITS MEMBERS false false TO PROVIDE ELECTRICITY TO ITS MEMBERS false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true false false true 217 0 true 155 true false false false false false 127187634 842539 false X 9 9 false false false false true true true true true true false true true true true true true true false false OK X OKLAHOMA ELECTRIC COOPERATIV 4053212024 242 24TH AVE NW NORMAN OK 73069 X JOHN W JENSEN PRESIDENT 17.31 0.0 X X 59815 0 0 RONNIE D GROVER VICE-PRESIDENT 9.68 0.0 X X 34830 0 0 MICHAEL R ARGO SECRETARY TREASURER 8.57 0.0 X X 24122 0 0 RUSSELL W GRISSOM ASSISTANT SECRETARY TREASURER 8.33 0.0 X X 47094 0 0 PERCY K MOREU TRUSTEE 13.06 0.0 X 39422 0 0 RONALD D THARP TRUSTEE 10.0 0.0 X 48075 0 0 HERMAN R USRY TRUSTEE 7.67 0.0 X 37162 0 0 SHIRLEY A IDLEMAN TRUSTEE 9.6 0.0 X 37213 0 0 DANNY L WATTERS TRUSTEE 8.37 0.0 X 20517 0 0 PATRICK C GRACE CHIEF EXECUTIVE OFFICER 50.0 0.0 X 257189 0 152924 MICHAEL P O'BRIEN CHIEF FINANCIAL OFFICER 50.0 0.0 X 179675 0 53158 JONNA C BUCK VICE PRESIDENT ADMINISTRATION 43.0 0.0 X 162978 0 152818 RANDAL K SIMMONS VICE PRESIDENT OPERATIONS 60.0 0.0 X 208073 0 102970 TRACY L MOWDY VICE PRESIDENT HR & LEGAL SERV 45.0 0.0 X 155254 0 63761 JOHN SPENCER VICE PRESIDENT METERING 45.0 0.0 X 147771 0 91137 JAMES LONG MANAGER OF LOSS CONTROL 50.0 0.0 X 152293 0 76161 THADDAEUS PETERSON VICE PRESIDENT ENGINEERING 50.0 0.0 X 149564 0 114709 JAMES MARTIN FORMER TRUSTEE 0.0 0.0 X 10765 0 0 VERLE BARNES FORMER TRUSTEE 0.0 0.0 X 10765 0 0 1782577 0 807638 44 true true false ASPLUNDH TREE EXPERT CO PO BOX 890367 DALLAS TX 75389 TREE TRIMMING 3898562 MIDWESTERN ELECTRICAL CONTRACTORS 3320 SE 156TH AVE NORMAN OK 73026 LINE CONSTRUCTION 2049585 MEYER BROTHERS 1964 NW 12TH AVE NORMAN OK 73072 LINE CONSTRUCTION 1963103 EDKO VEGETATION MANAGERS PO BOX 7241 SHREVEPORT LA 71137 TREE SERVICE 623441 HEATH CONSULTANTS 9030 MONROE RD HOUSTON TX 77061 UNDERGROUND LINE LOC 440737 6 0 SALES OF ELECTRICITY 221000 124525305 124525305 CAPITAL CREDITS 221000 2662329 2662329 MUTUAL AID 900099 422100 422100 WINDWORKS PROGRAM 900099 8041 8041 CONTRACT WORK 900099 11758 11758 127629533 281991 281991 0 0 0 0 0 116680 116680 116680 116680 0 0 0 0 0 0 0 0 0 All Other Misc Revenue 900099 1969 1969 1969 1969 1969 128030173 127629533 400640 0 0 0 0 1328522 0 11722488 0 0 3162079 0 142260 0 0 0 0 0 385370 58921 0 0 0 0 0 346326 7908211 0 10157011 901176 COST OF POWER 70111958 DISTRIBUTION EXPENSE 7552809 CONSUMER ACCOUTNS EXPENSE 1977148 FRANCHISE TAX 3732591 1752586 121239456 3346233 4308581 535185 1790149 0 0 12696647 12513533 0 0 0 0 0 0 415043 472852 25548203 27972801 296221794 100376356 192016121 195845438 0 0 0 0 54710803 56256026 0 0 794416 790406 290062651 299949786 13867212 15665749 0 0 0 0 0 0 0 0 0 0 156640137 157129781 0 0 18586737 21213502 189094086 194009032 X 208880 212355 8138762 8562359 92620923 97166040 100968565 105940754 290062651 299949786 X 6790717 -1818528 X false true X true false 1835706 1835706 16408887 3553252 12855635 274372288 96823104 177549184 3604913 3604913 195845438 INV IN ASSOC ORG PATRONAGE CAP 50329531 C INV IN ASSOC ORG NON-GEN FUNDS 5926495 C 56256026 0 DEFERRED CREDITS 520092 POSTRETIREMENT BENEFITS 12447601 CONVERSION FEE LIABILITY 8245809 21213502 127469625 127469625 560548 560548 128030173 120678908 120678908 560548 560548 121239456 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL INCOME TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $116,680 OTHER MISCELLANEOUS REVENUES $443,868 ----------------------------------------- TOTAL $560,548 ========= FORM 990, SCHEDULE D, PART XII, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $116,680 OTHER MISCELLANEOUS REVENUES $443,868 ----------------------------------------- TOTAL $560,548 ========= X X true true X X false false false PATRICK C GRACE CHIEF EXECUTIVE OFFICER 249920 0 0 0 7269 0 122921 0 30003 0 410113 0 0 0 MICHAEL P O'BRIEN CHIEF FINANCIAL OFFICER 176556 0 0 0 3119 0 24726 0 28432 0 232833 0 0 0 JONNA C BUCK VICE PRESIDENT ADMINISTRATION 156634 0 0 0 6344 0 123847 0 28971 0 315796 0 0 0 JAMES MARTIN FORMER TRUSTEE 10765 0 0 0 0 0 0 0 0 0 10765 0 0 0 VERLE BARNES FORMER TRUSTEE 10765 0 0 0 0 0 0 0 0 0 10765 0 0 0 RANDAL K SIMMONS VICE PRESIDENT OPERATIONS 190882 0 0 0 17191 0 70450 0 32520 0 311043 0 0 0 TRACY L MOWDY VICE PRESIDENT HR & LEGAL SERV 143253 0 0 0 12001 0 33342 0 30419 0 219015 0 0 0 JOHN SPENCER VICE PRESIDENT METERING 138358 0 0 0 9413 0 59131 0 32006 0 238908 0 0 0 JAMES LONG MANAGER OF LOSS CONTROL 127802 0 0 0 24491 0 46133 0 30028 0 228454 0 0 0 THADDAEUS PETERSON VICE PRESIDENT ENGINEERING 134633 0 0 0 14931 0 85099 0 29610 0 264273 0 0 0 SCHEDULE J, PART I, LINE 1A ALL ACTIVE EMPLOYEES, TRUSTEES AND RETIREES ARE ELIGIBLE FOR THE HEALTH CLUB BENEFIT. THIS IS A TAXABLE BENEFIT FOR ACTIVE EMPLOYEES AND IS REPORTED ON THE W-2. THIS IS A TAXABLE BENEFIT FOR ACTIVE TRUSTEES AND RETIREES AND IS REPORTED ON THE 1099 FORM. ALL ACTIVE TRUSTEES ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR BUSINESS USE OF HOME FAX LINES AND INTERNET SERVICES. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY USED OR OCCUPIED BY THE APPLICANT, TO RECEIVE ELECTRIC SERVICE FROM, OKLAHOMA ELECTRIC COOPERATIVE: ANY NATURAL PERSON, FIRM, ASSOCIATION, ELECTRIC MEMBERSHIP CORPORATION, FOREIGN ELECTRIC COOPERATIVE, CORPORATION, DOMESTIC OR FOREIGN, BUSINESS OR OTHER TRUST, PARTNERSHIP, FEDERAL AGENCY, STATE OR POLITICAL SUBDIVISION OR AGENCY THEREOF, OR ANY BODY POLITIC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. EACH MEMBER IS ENTITLED TO ONE VOTE. CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS REQUIRE A MAJORITY VOTE BY THE MEMBERS. IN ADDITION, THE MEMBERS ANNUALLY HOLD A MEETING TO ELECT TRUSTEES, AND TO TRANSACT SUCH OTHER BUSINESS THAT MAY COME BEFORE THE MEETING. UPON DISSOLUTION OF THE COOPERATIVE, AFTER ALL DEBTS AND LIABILITIES HAVE BEEN PAID AND ALL CAPITAL FURNISHED THROUGH PATRONAGE HAS BEEN RETIRED, THE REMAINING PROPERTY AND ASSETS OF THE COOPERATIVE SHALL BE DISTRIBUTED AMONG THE MEMBERS AND FORMER MEMBERS IN PROPORTION TO THEIR PATRONAGE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER IS ENTITLED TO ONE VOTE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 9 VERLE BARNES, 205 SOUTHPOINT AVE, TUTTLE, OK 73089. JAMES MARTIN, 1445 COUNTY RD 1300, CHICKASHA, OK 73018. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTING FIRM. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE COOPERATIVE'S TOP MANAGEMENT OFFICIALS INCLUDING THE CEO AND THE CFO. THE FORM 990 WILL BE SENT VIA FIRST CLASS MAIL OR EMAILED TO THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, KEY EMPLOYEES AND TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH OF THESE PERSONS HAS A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. WITH REGARDS TO POTENTIAL FINANCIAL INTERESTS, THE INTERESTED PERSON SHALL PRESENT ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES AT WHICH TIME THE DISINTERESTED TRUSTEES SHALL MAKE A DETERMINATION WHETHER A CONFLICT EXISTS. SHOULD A CONFLICT BE IDENTIFIED, THE INTERESTED PERSON HAS 30 DAYS TO COMPLY WITH THE POLICY . IF COMPLIANCE IS NOT ATTAINED, THE BOARD WILL SANCTION, DISQUALIFY AND/OR REMOVE THE TRUSTEE AS ALLOWED BY THE BY-LAWS. IF ANY OTHER OFFICIAL IS DETERMINED TO BE OUT OF COMPLIANCE WITH THIS POLICY, THE BOARD WILL ACT OR AUTHORIZE THE CEO TO ACT AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A AT THE FEBRUARY BOARD OF TRUSTEE MEETING, THE TRUSTEES REVIEWED THE CEO'S PERFORMANCE AND DETERMINED THE AMOUNT OF COMPENSATION. THE MEETING WAS DOCUMENTED IN THE BOARD OF TRUSTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL REFUNDS (1,822,003) OTHER 3,475 ------------ TOTAL (1,818,528) OKLAHOMA FIBER LLC 2520 HEMPHILL DR NORMAN OK 73069 823472058 FIBER OPTIC COMM OK OEC C CORPORATION -31957 0 1.00000 true OEC ADVANTAGE INC PO BOX 1208 NORMAN OK 73070 731534035 INFO. SERVICES OK OEC C CORPORATION -27 0 1.00000 true false false false false false false false false false false false false false false false false false false false