2018-10-25T09:27:09-07:00 2017-12-31 DECORIA MAICHEL AND TEAGUE PS 7307 N DIVISION ST Ste 222 SPOKANE WA 992086545 990 2017-01-01 930146827 Coos-Curry Electric Cooperative Inc COOS 5413323931 PO Box 1268 Port Orford OR 97465 Frank Corrales Jr CFO 2018-10-25 true Brandon J Blair P01966667 5095353503 2017 2018-06-14 16:35:46Z Roger Meader 43050 Highway 101 Port Orford OR 97465 35964808 false false X www.ccec.coop X 1939 OR Distribution and sale of electric energy to its members located in substantially all of Curry County, Oregon & portions of Coos County & Douglas County, Oregon. Revenues are substantially derived from the cooperative's residential, commercial and industrial customers. 7 7 73 36579 35579 0 36914325 35414975 422038 483728 10223 37915 37346586 35936618 0 4417399 2568397 6442763 6097641 0 0 26486424 27270580 37346586 35936618 0 106006223 108010862 53225456 53534999 52780767 54475863 Distribution and sale of electric energy to its members located in substantially all of Curry County, Oregon & portions of Coos County & Douglas County, Oregon. Revenues are substantially derived from the cooperative's residential, commercial and industrial customers. false false Distribution and sale of electric energy to approximately 14,000 cooperative members. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false true true false false false false false false false false true 59 0 true 73 true true true false false false false false false false 35654645 520754 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X Frank Corrales Jr 5413323931 PO Box 1268 Port Orford OR 97465 John G Herzog President 8.00 0.00 X X 6350 0 0 Georgia A Cockerham Vice President 7.00 0.00 X X 7200 0 0 Daryl C Robinson Secretary/Treas 8.00 0.00 X X 7800 0 0 Jim Kolen Director 7.00 0.00 X 5590 0 0 Daniel Loshbaugh Director 7.00 0.00 X 6700 0 0 Cheryl McMahan Director 6.00 0.00 X 6850 0 0 Pete C Radabaugh Director 8.00 0.00 X 8950 0 0 Roger Meader CEO/General Mgr 58.00 0.00 X 243790 0 139571 Frank Corrales Jr CFO 45.00 0.00 X 161684 0 148205 Daniel Springer CIO 42.00 0.00 X 134294 0 45404 Randy McDonald Operations Manager 44.00 0.00 X 153116 0 134639 Jacob Knudsen Member Services Mg 44.00 0.00 X 138991 0 65228 Tim Hawkins Line Foreman 57.00 0.00 X 137363 0 107006 Matthew Mjelde Engineering Mgr 42.00 0.00 X 138720 0 103086 Kyle Duey Line Foreman 53.00 0.00 X 136061 0 119480 Donald J Alexander Journeyman Lineman 52.00 0.00 X 131134 0 55666 1424593 918285 27 false true false Western Pacific Tree Service Inc PO Box 998 Brookings OR 97415 Right-of-way clearin 1126209 Key Line Construction Inc PO Box 518 Myrtle Point OR 97458 Power line construct 1092847 Jensens Tree Service Inc PO Box 610 Winston OR 97496 Right-of-way clearin 961305 Cascade Construction PO Box 610 Winston OR 97496 Power pole testing 119450 Trice Underground Inc PO Box 370 Lakeside OR 97449 Trenching-line const 118877 6 0 Electric energy sales 221000 35202511 35202511 Pole rentals 221000 212464 212464 35414975 490418 359979 130439 0 0 1336 1336 1336 1336 21500 28190 -6690 -6690 -6690 0 0 0 Provide IT services 36579 36579 36579 35936618 35555800 36579 344239 0 0 0 2568397 1210143 0 2944276 660990 1056995 225237 0 38886 16250 0 0 0 19490 39250 54461 512366 0 127242 316437 0 0 2289570 112905 4067223 260809 Purchased power 12848349 Distribution - O&M 4238153 Taxes 974726 Admin & General 846417 508046 35936618 0 0 0 460847 706946 3297554 4893656 0 6031907 5405705 0 0 0 1322751 1276104 502300 432502 134628229 47699662 85879014 86928567 0 0 5593152 5790017 0 2918698 2577365 106006223 108010862 3891790 6271309 44812074 43455587 4521592 3808103 53225456 53534999 X 71215 70980 51536911 51457696 1172641 2947187 52780767 54475863 106006223 108010862 X 0 1695096 X false true X true false 1828790 1828790 5541334 2828774 2712560 9303759 7209132 2094627 117954346 37661756 80292590 86928567 5790017 Consumer deposits 1200093 Deferred credits 1024410 Postretirement benefit obligation 1583600 3808103 X 35936618 35936618 35936618 33368221 33368221 2568397 2568397 35936618 Part X : FIN48 Footnote The Cooperative is generally exempt from federal income tax under Section 501(c)(12) of the Internal Revenue Code. An exemption from the State of Oregon corporation excise tax is provided by Oregon Revised Statutes 317.080. However, the Cooperative is subject to Federal and Oregon unrelated business income tax. The Cooperative had unrelated business income totaling $43,468 and $2,520 during 2017 and 2016, respectively.The Cooperative has adopted ASC Topic 740-10, Income Taxes, relating to accounting for uncertain tax positions. The Cooperative has not identified any uncertain income tax positions that would jeopardize its tax-exempt status. The Cooperative's income tax returns are subject to review and examination by federal authorities. With few exceptions, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage capital to be allocated $2568397 X X X false false false Daniel Springer CIO 134113 181 14724 30680 179698 Donald J Alexander Journeyman Lineman 130680 454 34651 21015 186800 Frank Corrales Jr CFO 155780 5904 122633 25572 309889 Jacob Knudsen Member Services Mg 137988 1003 42276 22952 204219 Kyle Duey Line Foreman 134774 1287 98417 21063 255541 Matthew Mjelde Engineering Mgr 135887 2833 77607 25479 241806 Randy McDonald Operations Manager 148023 5093 109726 24913 287755 Roger Meader CEO/General Mgr 234171 9619 112485 27086 383361 Tim Hawkins Line Foreman 135941 1422 85341 21665 244369 Kathleen Meader Wife of CEO 115068 Wages & benefits false Roger Meader PNGC Director 13296541 Purchased power-PNGC false Mitch McDonald Son of Oper Mgr 143412 Wages & benefits false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The organization is a Cooperative formed to provide electric service to its members. The members elect the governing body and approve changes in the by-laws. Members receive a share of the Cooperatives margins through the approval of retirement of patronage dividends. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body There is one class of membership for all members. A member is entitled to one vote to elect directors and to make changes to the Cooperatives by-laws. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Directors reviews the Form 990 prior to submission. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Board of Directors and employees undersign to the fact that they have received, read and understand the conflict of interest policy. The policy is reviewed annually by the Board members and supervisors review the policy with employees. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Directors evaluate the CEO's performance. An independent compensation consultant is obtained every third year to assist the Board in determining the CEO's compensation package. Supervisors of other key employees (all employees) set annual goals and assess each employee's performance on a daily basis. The methodology of developing a wage scale range for job positions within the organization is approved by the Board of Directors using an established compensation policy. All changes to compensation of key employees (all employees) must be approved in writing by the CEO. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Items that legally must be provided are done so upon request. The year end audited financial information is published in the annual membership meeting bulletin. Other Changes In Net Assets Or Fund Balances - Other Decreases Capital credit retirement = -$1910959 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease in memberships = -$235 Other Changes In Net Assets Or Fund Balances - Other Increases Discount on early retirement of cap credits = $65980 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in memberships = $0 Other Changes In Net Assets Or Fund Balances - Other Increases Other comprehensive income = $378300 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage capital to be allocated = $2568397 Other Changes In Net Assets Or Fund Balances - Other Increases Unclaimed patronage capital activity = $593613 Form 990, Part IX, Line 4 - Explanation of Benefits Paid to Members The IRS instructions clarify that patronage dividends paid by 501(c)(12) organizations should be reported in the statement of functional expenses on line 4. The Cooperative has allocated 100% of its current year margins as patronage dividends to its members and reported this amount on line 4. The Cooperative's accounting system follows generally accepted accounting principles (GAAP) which do not report patronage dividends as an expense; as such, the current year margins are also recorded as a reconciling item on Schedule D Part XIII of the Form 990.