2017-10-27T09:15:42-07:00 2016-12-31 DECORIA MAICHEL AND TEAGUE PS 7307 N DIVISION ST Ste 222 SPOKANE WA 992086545 990 2016-01-01 930146827 Coos-Curry Electric Cooperative Inc COOS 5413323931 PO Box 1268 Port Orford OR 97465 Frank Corrales Jr CFO 2017-10-27 true Daniel J Cleveland P01671084 5095353503 2016 2017-02-10 21:41:12Z Roger Meader 43050 Highway 101 Port Orford OR 97465 37361728 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 72 2520 1520 0 33786390 36914325 472040 422038 9567 10223 34267997 37346586 0 2947695 4417399 6197757 6442763 0 0 25122545 26486424 34267997 37346586 0 101711344 106006223 52198803 53225456 49512541 52780767 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 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 false false true true false false false false false false false false false false true 38 0 true 72 true true true false false false false false false false 36703713 642873 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 Dan Loshbaugh Director 9.00 0.00 X 2700 0 0 Cheryl McMahan Director 7.00 0.00 X 7400 0 0 John G Herzog President 6.00 0.00 X X 5050 0 0 Jim Kolen Director 8.00 0.00 X 3850 0 0 Daryl C Robison Secretary/Treas 8.00 0.00 X X 5000 0 0 Pete C Radabaugh Director 8.00 0.00 X 7250 0 0 Georgia A Cockerham Vice President 7.00 0.00 X X 7450 0 0 Roger Meader Gen Mgr/CEO 62.00 0.00 X 227399 0 155689 Frank Corrales Jr CFO 44.00 0.00 X 156087 0 141332 Christine Stallard Public Relations Director 42.00 0.00 X 153164 0 114048 Randy McDonald Operations Manager 46.00 0.00 X 137743 0 129650 Tim Hawkins Line Foreman 56.00 0.00 X 137364 0 102149 Larry D Wilson Line Foreman 56.00 0.00 X 133854 0 87061 Kyle Duey Line Foreman 50.00 0.00 X 131921 0 114875 Marvin Jones Line Foreman 45.00 0.00 X 127783 0 73075 Ed Dowdy Former Director 9.00 0.00 X 3800 0 0 1247815 917879 30 true true false Western Pacific Tree Service Inc PO Box 998 Brookings OR 97415 Right-of-way clearin 1014398 Jensens Tree Service Inc PO Box 610 Winston OR 97442 Right-of-way clearin 835895 Key Line Construction PO Box 518 Myrtle Point OR 97458 Power line construct 660978 HDR Engineering PO Box 74008202 Chicago IL 60674 Engineering 227543 Tidewater Contractors Inc PO Box 1956 Brookings OR 97415 Asphalt paving 138870 7 0 Electric energy sales 221000 36703713 36703713 Pole rentals 221000 210612 210612 36914325 424852 424852 0 0 7703 7703 7703 7703 12328 15142 -2814 -2814 -2814 0 0 0 Provide IT services 2520 2520 2520 37346586 36700899 2520 643167 0 0 0 4417399 986419 0 3288340 98546 1818167 251291 0 75312 13875 0 0 0 0 31111 36149 338532 0 117842 152534 0 0 2371359 114555 4067988 197028 Purchased power 13173792 Distribution - O&M 3449484 Taxes 1017620 Admin & General 851398 477845 37346586 0 0 0 460656 460847 801552 3297554 0 5553440 6031907 0 0 0 1135031 1322751 428935 502300 130453582 44574568 84665050 85879014 0 0 5402531 5593152 0 3264149 2918698 101711344 106006223 3826383 3891790 44607468 44812074 3764952 4521592 52198803 53225456 X 70710 71215 48449816 51536911 992015 1172641 49512541 52780767 101711344 106006223 X 0 3268226 X false true X true false 1828790 1828790 5541334 2630666 2910668 8650137 6724530 1925607 114433321 35219372 79213949 85879014 5593152 Consumer deposits 1203728 Deferred credits 1461364 Postretirement benefit obligation 1856500 4521592 X 37346586 37346586 37346586 32929187 32929187 4417399 4417399 37346586 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 $2,520 and zero during 2016 and 2015, 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 $4417399 X X X false false false Christine Stallard Public Relations Director 150242 2922 88190 25858 267212 Ed Dowdy Former Director 3800 3800 Frank Corrales Jr CFO 151273 4814 115385 25947 297419 Kyle Duey Line Foreman 130647 1274 94084 20791 246796 Larry D Wilson Line Foreman 132013 1841 66224 20837 220915 Marvin Jones Line Foreman 123936 3847 53147 19928 200858 Randy McDonald Operations Manager 136036 1707 96252 33398 267393 Roger Meader Gen Mgr/CEO 218181 9218 127520 28169 383088 Tim Hawkins Line Foreman 134033 3331 80600 21549 239513 Kathleen Meader Wife of CEO 84476 Wages & benefits false Roger Meader PNGC Director 12838538 Purchased power-PNGC 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 Increases = $0 Other Changes In Net Assets Or Fund Balances - Other Decreases Capital credit retirement = -$1915456 Other Changes In Net Assets Or Fund Balances - Other Increases Discount on early retirement of cap credits = $97926 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in memberships = $505 Other Changes In Net Assets Or Fund Balances - Other Increases Other comprehensive income = $82700 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage capital to be allocated = $4417399 Other Changes In Net Assets Or Fund Balances - Other Increases Unclaimed patronage capital activity = $585152 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 2016 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 2016 margins are also recorded as a reconciling item on Schedule D Part XIII of the Form 990.