2018-08-31T17:22:16-07:00 2017-12-31 273625988 Goff & Herrington PC PO Box 153320 Lufkin TX 75915 990 2017-01-01 751678060 Tex-La Electric Cooperative of Texas Inc TEX- 9365609532 PO Box 631623 Nacogdoches TX 75963 Carrie Hawkins CFO 2018-08-31 true Ronnie Herrington CPA P00028527 9368753317 2017 2022-09-23 18:48:47Z X 121752749 false false X N/A X 1979 TX Sale of wholesale power to its seven members on a cooperative basis. X 14 14 0 0 0 125904236 118962413 87840 26240 2937758 2764096 128929834 121752749 0 1500000 4000700 86848 84000 0 0 123154519 118526139 124741367 122610839 4188467 -858090 88102982 0 24624106 0 63478876 0 Sale of wholesale power to its seven members on a cooperative basis. false false Provides wholesale power to its seven member distribution cooperatives, who each provide power to their respective retail members. false false false false false false false false false true true true false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false true 17 0 true 0 false false false false false false false false false false 115670288 6082464 false false false X 14 14 false false false false true true true true true false false true true true true true true false false false X Carrie Hawkins 9365609532 2905 Westward Dr Nacogdoches TX 759631623 Katherine Hardin Director 2.00 0.00 X 12000 0 0 Richard McLeon Director 2.00 0.00 X 0 0 0 William Speights Director 13.00 0.00 X 12000 0 0 Debra Robinson Vice President 2.00 0.00 X X 0 0 0 Jeanette Reed Director 6.00 0.00 X 12000 0 0 Kathi Calvert Director 1.00 0.00 X 0 0 0 Jimmy Jones Director 4.00 0.00 X 12000 0 0 Kyle Kuntz Asst Sect/Treas 1.00 0.00 X X 0 0 0 Jim Tarrant Jr Director 2.00 0.00 X 12000 0 0 Kenneth Keeling Director 1.00 0.00 X 12000 0 0 Mark Tamplin Director 1.00 0.00 X 0 0 0 Douglas Turk Sect-Treas 3.00 0.00 X X 0 0 0 Pat Lindley Director 2.00 0.00 X 12000 0 0 Greg Jones President 3.00 0.00 X X 0 0 0 84000 0 false false false HOLLAND & KNIGHT LLP 800 17TH STREET NW SUITE 1100 WASHINGTON DC 20006 LEGAL 729807 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 ENGINEER CONSULTANTS 583240 AT&T PO BOX 105414 ATLANTA GA 303485414 POWER LINE LEASES 323684 BEAN CONSTRUCTION 100 BEAN ST NEWTON TX 75966 REPAIRS 221499 POWER ENGINEERS INC 509 NORTHCHASE DRIVE 1200 HOUSTON TX 77060 ENGINEERING 125034 5 0 Electric Energy 221000 115670288 115670288 Patronage Capital - G&T 221000 3163169 3163169 Patronage Capital - Other 221000 128956 128956 118962413 26240 26240 0 0 0 0 0 0 0 Transmission Revenue 221000 2764096 2764096 2764096 121752749 121726509 26240 0 0 0 4000700 84000 0 0 0 0 0 210370 709655 104452 0 0 0 380821 0 26137 0 0 21653 3905 0 0 505075 0 997744 8875 Purchased Power 104573034 Transmission 10759426 Transmission Maintenance 175395 Dues 49597 0 122610839 0 0 0 1103295 5770459 5032712 192 0 19215312 18162536 0 0 0 0 11433 3392150 38439887 17910826 20977120 20529061 0 535712 238200 36415326 39049225 0 4812072 -87141823 88102982 0 11466648 11236741 13157458 12280294 -23517035 24624106 0 X 700 63478176 63478876 0 88102982 0 X -858090 -1178 -62619608 X false true X true false 208818 116043 92775 37343242 17794783 19548459 887827 887827 20529061 238200 39049225 deferred credits 1005180 Liabilities distributed due to merger -24522215 -23517035 X 121752749 121752749 121752749 118610139 118610139 4000700 4000700 122610839 Part X : FIN48 Footnote financial accounting standards board fasb codification section 740 requires recognition, measurement and disclosure of uncertain tax positions. the cooperative currently accounts for uncertain tax positions based on the estimated likelihood of assessment and has not determined that any tax positions require an accrual based on current standards of accounting. for federal income tax purposes the tax returns essentially remain open for possible examination for a period of three years afer the date on which those returns are filed. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Memberships retired $700 patronage capital retired $4000000 Cash 2018-01-01 5770459 Cost 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Savings and Temporary Cash Investments 2018-01-01 192 Cost 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Accounts Receivable 2018-01-01 18162536 Book Value 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Prepaid Expenses 2018-01-01 12006 Book Value 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Property, Plant and Equipment 2018-01-01 38439887 Original Cost 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Investments - Other Securties 2018-01-01 238200 Market Value 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Investments - Program Related 2018-01-01 34049225 Book Value 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) Deferred Debits 2018-01-01 3380144 Book Value 752187855 2905 Westward Dr Nacogdoches TX 759631623 501(c)(12) false false false true true true true true false false Part I & 2, Line 2e - Name and Explanation for Involvement in Successor William Speights, Jeanette Reed, and Jimmy Jones will fill the role of Advisory Directors for East Texas Electric Cooperative, Inc., the successor organization. They will not have voting rights as their role is to provide guidance and counsel as needed. For those services they will be compensated. Client Note 1 Client Note 1 - The Other assets reported on Form 990, page 11, line 15 for the current year in the amount of -87,141,823 represent the assets of the organization distributed due to the merger with East Texas Electric Cooperative, Inc. Client Note 2 Client Note 2 - SCHEDULE D, PART XII, LINE 4(B) - PATRONAGE CAPITAL RETIRED - THECOOPERATIVE PAID $4,000,700 TO ITS MEMBERS IN 2017. RETIRED PATRONAGE ISNOT AN EXPENSE FOR FINANCIAL STATEMENT PURPOSES; HOWEVER, IT IS REPORTEDON LINE 4, PART IX "STATEMENT OF FUNCTIONAL EXPENSES" AS REQUIRED BY IRSINSTRUCTIONS. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Members consist of seven 501(C)(12) tax exempt distribution cooperatives - Cherokee County Electric, Deep East Texas Electric, Jasper-Newton Electric, Houston County Electric, Rusk County Electric, Sam Houston Electric, and Wood County Electric. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Each of the seven respective members appoints representation to the governing body of the organization consisting of the General Manager of each member and 1 director. this governing body then represents each member. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders The governing body with represenation from each member cooperative has the authority to approve decisions and govern the organization. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Directors determines whether the Form 990 will be reviewed by all directors, an existing committee, or a special committee appointed for such prupose prior to filing. Once the return is completed, it is provided to the directors or the committee responsible for reviewing. Employees of the cooperative responsible for filing are available to respond to questions or provide background as needed. Once the directors responsbiel for reviewing the Form 990 are satisfied it is complete and accurate, the return is filed. Subsequently, the return is made available to all directors for their review. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually each Director must complete and sign a conflict of interest statement disclosing any known conflicts of interest. If any potential conflicts are noted, the Governing Body is notified, reviews, and is responsible for enforcing the policy. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The cooperative's governing documents, conflicts of interest policy and financial statements are available to the public by submitting a written request to the cooperative. Other Changes In Net Assets Or Fund Balances - Other Decreases Net assets distributed due to merger = -$62619608