2018-09-13T09:24:42-04:00 2017-12-31 341495118 BASHORE REINECK STOLLER & WATERMAN INC PO BOX 249 PAULDING OH 45879 990 2017-01-01 344325955 PAULDING PUTNAM ELECTRIC CO-OP INC PAUL 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE W CARTER CEO 4193995015 2018-09-04 true MATTHEW F REINECK CPA P00116343 4193993686 2018-08-30 199.38.205.74 2018-09-13 08:24:42 CD P F133C77E049A434002B46E31303D41B08E7CBC20 9132BB4227D45CF69069329291B11BD2591FA5C1 2017 2018-06-14 16:35:46Z GEORGE W CARTER 401 MCDONALD PIKE PAULDING OH 45879 40272818 false X WWW.PPEC.COOP X 1936 OH DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. 9 9 55 0 0 37610637 38107715 1048624 2029108 132311 135995 38791572 40272818 0 3932884 4364112 1490893 1776666 0 0 33367795 34132040 38791572 40272818 0 86675765 91964892 32056819 34360539 54618946 57604353 DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. false false 39713531 38107715 DISTRIBUTION OF ELECTRICAL ENERGY TO 12,897 CONSUMERS AT 14,121 SERVICE POINTS AND THE MAINTENANCE OF OVER 1,695 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 39713531 false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 32 0 true 55 true false false false false false 38107715 2168029 false X 9 9 false false false false true true true true true false false true true true true true true true true false X ANNETTE SCHREINER 4193995015 401 MCDONALD PIKE PAULDING OH 45879 STEVEN MCMICHAEL VICE-PRESIDE 6.90 X X 26387 0 0 JOHN M SAXTON PRESIDENT 5.73 X X 22059 0 0 JAY DANGLER SECRETARY/TR 4.49 X X 16937 0 0 TIMOTHY A DERCK TRUSTEE 4.18 X 16087 0 0 DOUGLAS FORTMAN TRUSTEE 4.11 X 13687 0 0 KEN W NIESE TRUSTEE 3.40 X 12687 0 0 RONALD BLACK TRUSTEE 5.46 X 11106 0 0 JOSEPH KOHNEN TRUSTEE 4.11 X 10266 0 0 WILLIAM DOWLER TRUSTEE 1.85 X 8162 0 0 GERALD SORG TRUSTTEE 3.70 X 3500 0 0 GARY C HAYDEN SECRETARY/TR 3.90 X X 3075 0 0 GEORGE W CARTER CEO 40.00 X 203558 0 68804 347511 68804 1 false true false NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PL CLOVERDALE VA 24077 CONST CONTRACTR 1081679 DAVIS H ELLIOT CONSTRUCTION COMPANY 673 BLUE SKY PARKWAY LEXINGTON KY 40509 CONSTRUCT CONTR 509277 PENNLINE 300 SCOTTDALE AVE SCOTTDALE PA 15683 TREE TRIMMING 409132 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWA 237511 NETGAIN 220 REYNOLDS AVE BELLEFONTAINE OH 43311 IT SERVICES 205651 5 ELECTRIC SALES TO MEMBERS 37870401 37870401 METER READ & RECONNECT FEES 237314 237314 38107715 2027453 1738165 289288 70719 70719 70719 70719 1655 1655 1655 1655 OTHER NON-OPERATING INCOME 65276 65276 65276 40272818 39912811 360007 4364112 143250 1462124 35464 135828 4714 20250 29351 1564789 43745 52270 1233083 2893632 32141 PURCHASED POWER COST 25679197 PROPERTY TAXES 938150 DUES TO ASSOC ORGANIZATNS 214533 MEMBER SERVICES 211816 1214369 40272818 0 0 0 1389008 959968 75287 450412 2595092 2683085 540034 507504 229358 230633 90862847 24725401 63665054 66137446 112670 114705 17420450 20350539 648812 530600 86675765 91964892 4941058 5360692 26916666 28794037 199095 205810 32056819 34360539 X 76053 73743 54542893 57530610 54618946 57604353 86675765 91964892 0 2985407 X false true X true false 442286 442286 6769397 874494 5894903 83040674 23850907 59189767 610490 610490 66137446 BUCKEYE POWER, INC. CAPITAL CREDIT 13197845 C BUCKEYE POWER COMMERCIAL PAPER 2271718 F WABASH VALLEY POWER ASSOC, INC. 1738453 C BUCKEYE POWER, INC. MEMBER EQUITY 1181348 C COOPERATIVE FINANCIAL CORP (CFC) 608632 C COOPERATIVE FINANCIAL CORP (CFC) 349401 C CFC - MCS 250000 C RESCO CAPITAL CREDITS 189485 C HEARTLAND EMERGENCY EQUIPMENT LLC 169869 C FED RURAL ELECTRIC INS CO (FREIC) 121379 C NATIONAL BANK FOR COOPERATIVES 104104 C NRTC 71278 C NISC 67952 C COOPERATIVE RESPONSE CENTER 12500 C COOPERATIVE RESPONSE CENTER (CRC) 9347 C STATEWIDE 4938 C WABASH AND ASSOC ORGANIZATIONS 2185 C PAULDING LANDMARK, INC. 75 C MISCELLANEOUS 30 C 20350539 CONSUMER DEPOSITS 205810 205810 40209433 40209433 63385 63385 40272818 35845321 35845321 4427497 4427497 40272818 SCHEDULE D, PAGE 4, PART XI, LINE 4B GROSS SHARED SERVICES 25,284 BAD DEBT RECOVERY 33,299 NETTED DONATIONS 4,802 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT ALLOCATION TO MEMBERS 4,364,112 GROSS SHARED SERVICES 25,284 BAD DEBT RECOVERY 33,299 NETTED DONATIONS 4,802 X X X X false false false GEORGE W CARTER CEO 201153 2405 68804 272362 FORM 990 PART IX, LINE 4: BENEFITS PAID TO MEMBERS. THE COOPERATIVE IS INTERPRETING THE TERM "BENEFITS PAID TO MEMBERS" TO MEAN CAPITAL CREDITS ALLOCATED OR TO BE ALLOCATED TO MEMBERS FROM CURRENT YEAR NET MARGINS. FORM 990, PAGE 6, PART VI, LINE 6 ANY PERSON, FIRM, OHIO LIMITED LIABILITY COMPANY OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE AT THEIR PRIMARY RESIDENCE OR PLACE OF BUSINESS BY: (A) AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY AS HEREINAFTER SPECIFIED; AND (B) PROVIDING RIGHT OF WAY ACCESS TO ALL COOPERATIVE OWNED PROPERTY AND EQUIPMENT, (C) ALLOWING FOR THE REGULAR MAINTENANCE, IMPROVEMENT, UPGRADES AND RETIREMENTS OF ALL COOPERATIVE OWNED EQUIPMENT INCLUDING RIGHT OF WAY CLEARING AND TRIMMING, AND (C) AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION OF THE COOPERATIVE AND THE CODE OF REGULATIONS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF TRUSTEES. NO PERSON, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES IS NOMINATED AND ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF TRUSTEES ARE ELECTED FROM THE MEMBERSHIP BY THE MEMBERS. MEMBERSHIP APPROVAL IS REQUIRED FOR THE COOPERATIVE TO SELL, LEASE, MORTGAGE OR DISPOSE OF ALL OR SUBSTANTIALLY ALL ITS PROPERTY, NOT WITHSTANDING THE RIGHT OF THE TRUSTEES TO BORROW MONEY AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES. MEMBER APPROVAL IS REQUIRED TO ALTER, AMEND OR REPEAL THE CODE OF REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW A DRAFT COPY OF FORM 990 WITH THE PAID PREPARER PRIOR TO FILING. THE FORM IS READ THROUGH FOR REASONABLENESS OF RESPONSES AND INFORMATION PROVIDED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD POLICY DICTATES THAT THE CONFLICT OF INTEREST POLICY BE MONITORED BY DEPARTMENT AND ENFORCED BY DEPARTMENT HEADS. ALL EMPLOYEES OF THE COOPERATIVE ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. DURING 2014, THE DEPARTMENT HEADS DID NOT ENCOUNTER ANY CIRCUMSTANCES WHERE THE CONFLICT OF INTEREST POLICY WAS REQUIRED TO BE ENFORCED. IT IS INTENT OF THE POLICY TO AVOID CONFLICTS OF INTEREST WHEN AT ALL POSSIBLE. A CONFLICT WOULD PROHIBIT THE PERSON FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS WITH REGARD TO THE CONFLICTED TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER ON AN ANNUAL BASIS FOLLOWING GUIDELINES ESTABLISHED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) ALONG WITH RESEARCH AND REVIEW OF LOCAL, REGIONAL AND NATIONAL DATA AVAILABLE FROM NRECA AND OTHER AREA COOPERATIVES AS INDICATED ON THEIR 990 FORMS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR TRUSTEES AND OFFICERS OF THE BOARD OF TRUSTEES ARE BASED ON A DIRECTOR FEE SURVEY COMPLETED BY THE STATEWIDE ORGANIZATION - OHIO RURAL ELECTRIC COOPERATIVES, INC. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 DONATED CAPITAL 296,927 ALLOCATED CAPITAL CREDITS RETAINED 4,364,112 MEMBERSHIPS REDEEMED DURING 2016 -2,310 CAPITAL CREDITS RETIRED -1,673,322 TOTAL 2,985,407