2017-11-09T14:30:29-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2016-01-01 370345145 ILLINOIS ELECTRIC COOPERATIVE ILLI 2172438700 2 SOUTH MAIN STREET WINCHESTER IL 62694 RONALD MYERS TREASURER 2172438700 2017-11-08 1 CRAIG POPENHAGEN P00625086 5074347000 67.137.57.251 2017-11-08 08:19:48 CS P FE0A53CA6F35F5FEDF11F016F33DE55E916A10CD DAA26B888D1B87F8EA804A4E21495CBD647384A2 2016 2018-03-14 21:41:22Z RONALD MYERS 2 SOUTH MAIN STREET WINCHESTER IL 62694 31764845 0 X WWW.E-CO-OP.COM X 1936 IL IN THE COOPERATIVE TRADITION, ILLINOIS ELECTRIC IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH DEPENDABILITY AND INNOVATION. 11 11 68 0 80547 -20807 0 0 29407543 30423479 220562 200822 989046 1129765 30617151 31754066 0 0 849840 2077610 581191 619382 0 0 0 28286880 29017067 29717911 31714059 899240 40007 106973139 110656833 71512713 73907577 35460426 36749256 IN THE COOPERATIVE TRADITION, ILLINOIS ELECTRIC IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH DEPENDABILITY AND INNOVATION. 0 0 WE PROVIDED 174,610,376 KILOWATT HOURS OF ELECTRICITY TO APPROXIMATELY 10,336 RURAL MEMBERS IN ALL OR PART OF TEN COUNTIES IN THE STATE OF ILLINOIS AND WILL CONTINUE THIS IN THE FUTURE. WE PROVIDED INTERNET SERVICES TO APPROXIMATELY 3,863 CUSTOMERS IN ALL OR PART OF TEN COUNTIES IN THE STATE OF ILLINOIS. IN 2015 WE BEGAN OFFERING TV AND PHONE ALONG WITH INTERNET THROUGH OUR NEWLY CONSTRUCTED FIBER INFRASTRUCTURE IN THE TOWNS OF WINCHESTER AND BLUFFS. WE PROVIDED THIS SERVICE TO 395 CUSTOMERS. WE EXPECT THIS PROGRAM TO CONTINUE GROWING IN THE FUTURE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 40 0 68 1 1 1 0 0 0 0 29886990 1210258 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ILLINOIS ELECTRIC COOPERATIVE 2172438700 2 SOUTH MAIN STREET WINCHESTER IL 62694 ROBERT BROWN FORMER PRESIDENT 9.00 0.50 X X 4000 0 0 JAMES GAY FORMER DIRECTOR 3.00 X 800 0 0 RONALD K MYERS TREASURER 4.50 0.50 X X 8500 0 0 GARY K CLARK DIRECTOR 5.00 0.50 X 4600 0 0 KEVIN BRANNAN SECRETARY 9.00 0.50 X X 7800 0 0 JULIA EBERLIN VICE-PRESIDENT 4.00 0.50 X 7900 0 0 JIM FREEMAN ASSISTANT TREASURER 4.00 X 6000 0 0 THOMAS D MEEHAN III PRESIDENT 7.00 0.50 X X 12600 0 0 JULIE RHOADS ASSISTANT SECRETARY 6.00 X 6200 0 0 ERIC LAKIN DIRECTOR 4.00 X 2700 0 0 LUKE FRALEY DIRECTOR 4.00 X 3900 0 0 PAT STENDBACK DIRECTOR 4.00 X 3000 0 0 JENIFFER SELLARS DIRECTOR 3.00 X 3200 0 0 BRUCE N GIFFIN GENERAL MANAGER 40.00 X 284282 0 84023 SETH BUSHNELL MANAGER OF FINANCE 40.00 X 124506 0 55372 SEAN MIDDLETON MANAGER OF ENGINEERING 40.00 X 137852 0 56295 RANDY LONG OPERATIONS MANAGER 40.00 X 137106 0 35831 JOSEPH KILLDAY SERVICEMAN 48.00 X 114438 0 44105 DARREN HAYN SERVICEMAN 45.00 X 104231 0 44105 CRAIG LONG METERING SUPERVISOR 40.00 X 102283 0 31415 1075898 0 351146 7 0 1 0 CROFT ELECTRICAL CONTRACTORS INC 266 HWY KK TROY MO 63379 LINE REBUILDING 1279320 WIRELESS DATA SYSTEMS INC 824 ROBERT E LEE DR WILMINGTON NC 28412 INTERNET CONTRACTOR 1180889 POOR BOY TREE SERVICE 273 E 410TH RD FAIR PLAY MO 65649 TREE TRIMING 469010 VANTAGE POINT 2211 NORTH MINNESOTA ST MITCHELL SD 57301 FIBER CONSULTING 346838 LITTLETON STORM & TIMBER SERVICES 1615 SUGAR HOLLOW RD JACKSONVILLE IL 62650 TREE TRIMING 205321 6 SALE OF POWER 221000 28278364 28278364 INTERNET REVENUES 517000 1913809 1833262 80547 OTHER ELECTRIC REVENUE 221000 231306 231306 30423479 80561 80561 131040 10779 120261 120261 120261 CAPITAL CREDITS 900099 1045734 1045734 MERCHANDISING 900099 82387 82387 MISCELLANEOUS 900099 1644 1644 1129765 31754066 31472697 80547 200822 2077610 619382 1705975 3565680 COST OF POWER 15129647 DIST EXP - MAINTENANCE 3116921 INTERNET COST OF SALES 2500099 ADMIN & GENERAL EXP 1385196 1613549 31714059 2422520 423946 1170580 1210947 1649256 1732460 5204 683 2249239 4162339 1096996 612605 110083 143820 105123547 19120039 81802414 86003508 1907956 1249783 523802 617023 10358648 10740713 9169 9169 3667272 3749837 106973139 110656833 2403596 2518677 59319895 63904321 6671802 4085631 3117420 3398948 71512713 73907577 X 0 0 0 0 35460426 36749256 35460426 36749256 106973139 110656833 X 40007 1248823 X X 0 1 X 1 0 526394 526394 2304747 912935 1391812 18491678 7393098 11098580 83800728 10814006 72986722 86003508 PRAIRIE STATE PROJECT 3952900 C PAT CAP IN ASSOC. ORGS. 5929076 C NRUCFC CAPITAL TERM CERTS 788412 C OTHER INVESTMENTS -9576 C DEFERRED COMP. FUND 79901 C 10740713 CONSUMER DEPOSITS 350615 ACCUM PROV FOR PENSION & BENEFITS 2814001 DEFERRED CREDITS 234332 3398948 X PART X, LINE 2: THE COOPERATIVE HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). IRTC UTILIZES AN ASSET AND LIABILITY APPROACH TO FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAXES ARE COMPUTED ANNUALLY FOR DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES APPLICABLE TO THE PERIODS IN WHICH THE DIFFERENCES ARE EXPECTED TO AFFECT TAXABLE INCOME. SUCH DIFFERENCES RELATE PRIMARILY TO THE USE OF ACCELERATED DEPRECIATION METHODS FOR INCOME TAX PURPOSES AS COMPARED TO THE STRAIGHT-LINE METHOD FOR FINANCIAL REPORTING AND AMORTIZATION OF GOODWILL FOR INCOME TAX PURPOSES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE DEFERRED TAX ASSETS TO THE AMOUNT EXPECTED TO BE REALIZED. THE PROVISION FOR INCOME TAXES IS THE TAX PAYABLE OR REFUNDABLE FOR THE PERIOD PLUS OR MINUS THE CHANGE DURING THE PERIOD IN DEFERRED TAX ASSETS AND LIABILITIES. IRTC FILES A CONSOLIDATED TAX RETURN, WHICH INCLUDES ITS SUBSIDIARIES. THE CONSOLIDATED INCOME TAX PROVISION (BENEFIT) IS RECORDED BY IRTC AND IS NOT ALLOCATED TO ITS SUBSIDIARIES. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015. X X X 0 1 0 BRUCE N GIFFIN GENERAL MANAGER 255543 0 0 0 28739 0 58008 0 26015 0 368305 0 0 0 SETH BUSHNELL MANAGER OF FINANCE 124506 0 0 0 0 0 26676 0 28696 0 179878 0 0 0 SEAN MIDDLETON MANAGER OF ENGINEERING 137852 0 0 0 0 0 30922 0 25373 0 194147 0 0 0 RANDY LONG OPERATIONS MANAGER 137106 0 0 0 0 0 8782 0 27049 0 172937 0 0 0 JOSEPH KILLDAY SERVICEMAN 114438 0 0 0 0 0 19464 0 24641 0 158543 0 0 0 PART I, LINE 4B BRUCE GIFFIN, GENERAL MANAGER, PARTICIPATED IN A 457 DEFERRED COMPENSATION PLAN CONTRIBUTING $28,739 IN 2016. KEVIN BRANNAN BOARD OF DIRECTORS - SECRETARY HOME IMPROVEMENT X 29816 683 0 1 1 683 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS TWO CLASSES OF MEMBERS. CLASS A MEMBERS, ELECTRIC MEMBERS, HAVE VOTING RIGHTS, CLASS B MEMBERS INTERNET MEMBERS, DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A EACH CUSTOMER WHO RECEIVES ELECTRIC SERVICE IS A MEMBER. THESE MEMBERS ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND APPROVE SIGNIFICANT DECISIONS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP THAT MUST VOTE ON CHANGES TO THE BYLAWS, ARTICLES OF INCORPORATION, AND SALE OF SUBSTANTIALLY ALL OF THE COOPERATIVE'S ASSETS. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF DIRECTORS WAS PROVIDED AN ELECTRONIC COPY OF THE RETURN PRIOR TO ITS FILING. THE BOARD'S MANAGEMENT CONSULTANT CONDUCTED A REVIEW OF THE RETURN, INCLUDING VERIFYING FINANCIAL AND OTHER INFORMATION AGAINST INTERNAL INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C COUNSEL REVIEWS POLICY ANNUALLY WITH THE BOARD AND SENIOR MANAGEMENT. THE BOARD'S MANAGEMENT CONSULTANT REVIEWS IT ANNUALLY WITH THE EMPLOYEES. DETERMINATIONS FOR THE BOARD ARE AT THE BOARD LEVEL, THE BOARD'S MANAGEMENT CONSULTANT AT THE BOARD LEVEL AND ALL OTHER EMPLOYEES AT THE BOARD'S MANAGEMENT CONSULTANT LEVEL. RESTRICTIONS ON THE BOARD IN THE INSTANCE OF A CONFLICT OF INTEREST DOES NOT ALLOW THEM TO VOTE ON THE MATTER AND EMPLOYEES ARE PROHIBITED FROM HAVING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A CONTRACT WITH SANDS ROAD CONSULTING CO., INC., (SRC) FOR MANAGEMENT SERVICES. THE FEE SCHEDULE IN THE CONTRACT PAYS SRC AN AMOUNT COMPARABLE WITH THE TOTAL COSTS OF COMPENSATION FOR A COOPERATIVE MANAGER AS REPORTED IN BENCHMARK DATA FROM THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AND THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES. THE PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD'S MEETINGS. THE PROCESS OF DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES IS CARRIED OUT BY THE BOARD'S MANAGEMENT CONSULTANT, USING THE SAME DATA SETS AS NOTED ABOVE. THE PROCESS IS DOCUMENTED IN THE MINUTES OF BOARD MEETINGS AND OF BOARD COMMITTEE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND ON OUR WEBSITE WWW.E-CO-OP.COM. FORM 990, PART XI, LINE 9: EQUITY EARNINGS IN SUBSIDIARY 93,221. PATRONAGE RETIRED -806,208. CHANGES IN OTHER COMPREHENSIVE INCOME -115,800. PATRONAGE DIVIDENDS ALLOCATED 2,077,610. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED IN 2016. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990. MIDSTATE PROPANE LLC 2402 SOUTH MAIN STREET JACKSONVILLE IL 62650 371413502 SALE OF PROPANE IL 301966 ILLINOIS RURAL TELECOMMUNICATION CO ILLINOIS RURAL TELECOMMUNICATION CO 2 SOUTH MAIN STREET WINCHESTER IL 62694 371306087 TELECOMMUNICATIONS IL ILLINOIS RURAL ELECTRIC COOP C 93211 3747549 1.00000 1 PRATHER OIL CO PO BOX 113 MEDORA IL 62063 371112402 SALE OF PROPANE IL ILLINOIS RURAL TELECOMMUNICATION CO C 39 13510 1.00000 0 ILLINOIS PROPANE CO 2 SOUTH MAIN STREET WINCHESTER IL 62694 202239550 SALE OF PROPANE IL ILLINOIS RURAL TELECOMMUNICATION CO C 1.00000 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 ILLINOIS RURAL TELECOMMUNICATION COMPANY K 144000 ACTUAL