2017-10-25T11:25:19-05:00 2016-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2016-01-01 710131073 NORTH ARKANSAS ELECTRIC COOPERATIVE INC % JULIE HANEY NORT 8708953221 PO BOX 1000 SALEM AR 72576 MEL COLEMAN CEO 8708953221 2017-10-23 true AMBER SHERRILL P00748683 5013721040 167.68.126.162 71015520172985000003 2017-10-25 P 1528D3B04E878A45895BB88E74696FB0CD9C2BB8 4903526AB83A84FD1AFBFA4590601A6B8B6343D5 2016 2021-01-29 14:40:06Z MEL COLEMAN 225 SOUTH MAIN ST SALEM AR 72576 66302939 false X www.naeci.com X 1939 AR PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS &THE COMMUNITIES WE SERVE. 9 9 152 0 30371 0 0 63974521 64484630 1774520 1793561 0 24748 65749041 66302939 10000 10000 4570799 4860731 8679855 8958052 0 0 0 52488387 52474156 65749041 66302939 0 213898401 222661037 129576123 132953668 84322278 89707369 PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. false false NORTH ARKANSAS ELECTRIC COOPERATIVE PROVIDED 592,706,513 KIL HOURS OF ELECTRICAL ENERGY TO THE 36,470 MEMBERS RECEIVING SERVICE. false false false false false false false false false true false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 32 0 true 152 true true true false false false false false false false false 64484630 1818309 false X 9 9 false false false false true true true true false false false true true true true true true true true false AR X JULIE HANEY 8708953221 225 SOUTH MAIN STREET SALEM AR 72576 X JASPER FREEMAN BOARD VICE PRESIDENT 7.85 0.0 X X 45928 0 0 MICHAEL DOVER BOARD PRESIDENT 6.67 0.0 X X 26872 0 0 MARK H MONTGOMERY BOARD MEMBER 3.1 0.0 X 34365 0 0 BETH CARTER BOARD SECRETARY 4.56 0.0 X X 34318 0 0 LARRY GOODWIN BOARD MEMBER 5.65 0.0 X 37765 0 0 CAMERON DAVIS BOARD MEMBER 2.97 0.0 X 37080 0 0 DENNIS WILES BOARD MEMBER 6.69 0.0 X 19544 0 0 SONYA WILES BOARD MEMBER 4.15 0.0 X 39659 0 0 JIM SHORT BOARD MEMBER 8.58 0.0 X 37363 0 0 MEL COLEMAN CEO 40.0 0.0 X 269440 0 97652 JULIE HANEY MANAGER OF FINANCE & ACCT 40.0 0.0 X 110903 0 42795 JAMES WOODY MANAGER OF OPERATIONS 40.0 0.0 X 130643 0 61393 JASON STRONG MANAGER OF ENGINEERING 40.0 0.0 X 131584 0 46492 STEVE HALL MANAGER HUMAN RESOURCES 40.0 0.0 X 129304 0 50281 JIM BLACKMON IT MANAGER 40.0 0.0 X 118333 0 57185 KEVIN REESE SYSTEM ENGINEER 40.0 0.0 X 109148 0 42496 1312249 0 398294 11 false true false ERVIN CABLE CONSTRUCTION LLC PO BOX 932157 ATLANTA GA 31193 FIBER OPTIC INSTALL 1206526 WEST TREE SERVICE PO BOX 55362 LITTLE ROCK AR 72215 TREE/VEGETATION MGMT 883845 GREGORY CO INC PO BOX 710 MOUNTAIN HOME AR 72654 CONSTRUCTION 707253 ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 TREE/VEGETATION MGMT 436077 AECI CONSTRUCTION SERVICE PO BOX 194208 LITTLE ROCK AR 72219 CONSTRUCTION 399603 10 0 SALES AND SERVICE 221000 64484630 64484630 64484630 1793561 5623 1787938 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MANAGEMENT FEE INCOME 561000 24748 24748 24748 66302939 64484630 30371 1787938 10000 0 0 4860731 833685 0 4838535 1098472 1786197 401163 0 34163 55441 0 0 0 77325 254233 144190 462827 0 129989 0 0 99250 4745954 0 6572467 217028 COST OF POWER PURCHASED 32390422 MAINTENANCE 3125171 OPERATION 1831871 CONSUMER ACCOUNTS EXPENSE 1147272 1186553 66302939 364775 531622 17308761 19177808 0 0 9867002 10517381 3119 0 0 0 1443349 1631165 1866301 1748513 59449 60924 236038684 80314419 151409299 155724265 28652455 27896591 0 0 0 0 0 0 2923891 5372768 213898401 222661037 6619397 9633636 0 0 0 0 0 0 0 0 0 0 97110164 96659483 0 0 25846562 26660549 129576123 132953668 X 84296179 89235172 26099 472197 0 0 84322278 89707369 213898401 222661037 X 0 1293811 4091280 X false true X true false 2162649 2162649 7677062 1632289 6044773 221929943 78682130 143247813 4269030 4269030 155724265 0 CONSUMER DEPOSITS 1208561 PROVISION FOR PENSION BENEFITS 23268362 CUSTOMER ADVANCES FOR CONSTRUC 751858 PATRONAGE CAPITAL PAYABLE 817868 CURRENT PROV. FOR POSTRETIREME 609000 DUE TO NEXT 4900 26660549 66166024 -136915 -136915 66302939 66302939 61442208 61442208 4860731 4860731 66302939 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D INCOME FROM SUBSIDIARY (136,915) FORM 990, SCHEDULE D, PART XII, LINE 4B 2016 PATRONAGE ASSIGNED TO MEMBERS IN 2017 $4,860,731 false MOUNTAIN HOME CHAMBER OF COMMERCE 1023 HWY 62 EAST MOUNTAIN HOME AR 72653 710224217 501(C)(6) 10000 FOCUS INITIATIVE 1 X X false false false JAMES WOODY MANAGER OF OPERATIONS 130035 0 0 0 608 0 36258 0 25135 0 192036 0 0 0 JASON STRONG MANAGER OF ENGINEERING 131049 0 0 0 535 0 21305 0 25187 0 178076 0 0 0 STEVE HALL MANAGER HUMAN RESOURCES 125797 0 0 0 3507 0 35209 0 15072 0 179585 0 0 0 JIM BLACKMON IT MANAGER 117147 0 0 0 1186 0 32268 0 24917 0 175518 0 0 0 MEL COLEMAN CEO 262104 0 0 0 7336 0 70254 0 27398 0 367092 0 0 0 JULIE HANEY MANAGER OF FINANCE & ACCT 110482 0 0 0 421 0 18014 0 24781 0 153698 0 0 0 KEVIN REESE SYSTEM ENGINEER 108721 0 0 0 427 0 17773 0 24723 0 151644 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 3 SEE SCHEDULE O FOR EXPLANATION OF CEO'S COMPENSATION EVALUATION AND APPROVAL. FORM 990, PART VI, SECTION A, LINE 6, 7A & 7B THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE USED AT THIS TIME. FORM 990, PART VI, SECTION B, LINE 11B JULIE HANEY, MANAGER OF FINANCE AND ACCOUNTING, REVIEWS ALL INFORMATION. IF ALL APPEARS TO BE CORRECT TO THE FINANCIAL STATEMENTS OF THE ORGANIZATION, SHE PASSES IT TO THE CEO, MEL COLEMAN, FOR HIS REVIEW. IF ALL APPEARS TO BE IN ORDER, THE BOARD IS PRESENTED WITH A COPY FOR EACH MEMBER TO REVIEW AND APPROVE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD INTERPRETS AND ENFORCES THIS POLICY. COOPERATIVE'S LEGAL COUNSEL MUST ANNUALLY REVIEW THIS POLICY WITH ALL OFFICIALS. THE MINUTES OF ALL BOARD MEETINGS SHOULD RECORD ALL DISCLOSURES, VOTES, AUTHORIZATIONS, AND OTHER ACTIONS TAKEN UNDER THIS POLICY. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THIS POLICY AND DELIVER THE COMPLETED AND SIGNED FORM TO PRESIDENT OR MANAGER. IF AN OFFICIAL DISCOVERS ANY INFORMATION OR FACT THAT COULD IMPACT ANOTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN THE OFFICIAL MUST DISCLOSE THE INFORMATION OR FACT TO PRESIDENT OR MANAGER IMMEDIATELY. IF MANAGER OR PRESIDENT RECEIVES A FORM DISCLOSING ANY INFORMATION OR FACT THAT COULD IMPACT AN OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DELIVER THE FORM TO PRESIDENT AND PRESIDENT MUST DISTRIBUTE THE FORM TO THE BOARD. IF MANAGER OR PRESIDENT RECEIVES OR DISCOVERS ANY OTHER INFORMATION OR FACT THAT COULD IMPACT ANY OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DISCLOSE THIS INFORMATION OR FACT TO PRESIDENT AND PRESIDENT MUST DISCLOSE THIS INFORMATION OR FACT TO THE BOARD. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST: A. PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMMENT ORALLY AND IN WRITING REGARDING THE INFORMATION OR FACT, AND AN OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL; AND B. DETERMINE WHETHER THE DIRECTOR COMPLIES WITH THIS POLICY. IF THE BOARD DETERMINES THAT A DIRECTOR DOES NOT COMPLY WITH THIS POLICY, THEN: A. THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMPLY WITH THIS POLICY WITHIN THIRTY DAYS; AND B. IF THE DIRECTOR DOES NOT COMPLY WITH THIS POLICY WITHIN THIRTY DAYS, THEN, AS ALLOWED BY LAW, THE BOARD MUST SANCTION, DISQUALIFY, AND/OR REMOVE THE DIRECTOR. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT ANY OTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST ACT AS APPROPRIATE OR AUTHORIZE THE MANAGER TO ACT AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A & 15B NORTH ARKANSAS ELECTRIC COOPERATIVE HAS AN INDEPENDENT CONSULTANT THAT DEVELOPS THE SALARY RANGE STRUCTURE BASED ON COMPARABILITY DATA. THE CONSULTANT DOES NOT APPROVE THE COMPENSATION, BUT DEVELOPS THE SALARY RANGES THAT ARE USED IN MERIT REVIEW COMPENSATION FOR ALL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 4 AMOUNT NOTED ON THIS LINE RELATES TO PATRONAGE DIVIDENDS ASSIGNED AFTER 2016 YEAR END FOR THE 2017 YEAR. FORM 990, PART XI, LINE 8 EFFECTIVE JANUARY 1, 2015, THE COOPERATIVE CHANGED ITS METHOD OF CALCULATING THE DEFERRED POWER COSTS TO INCLUDE THE MONTHLY ENERGY GENERATION CHARGE. THE COOPERATIVE BELIEVES THIS NEW METHOD WILL MORE ACCURATELY REPRESENT DEFERRED POWER COSTS BY MATCHING THESE EXPENSES TO THE ASSOCIATED REVENUES IN THE MONTH BILLED TO MEMBERS. THE ADJUSTMENT IS TO ACCOUNT FOR THIS CHANGE. FORM 990, PART XI, LINE 9 NET INCOME BEFORE PATRONAGE ASSIGNED: $4,860,731 CHANGE IN MEMBERSHIP FEES: 3,970 CHANGES IN OTHER EQUITIES: 284,224 RETIREMENT OF CAPITAL CREDITS: (1,215,549) CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS-POSTRETIREMENT BENEFITS: 294,819 INCOME FROM SUBSIDIARY (136,915) ------------------------------------------------------------- TOTAL: $4,091,280 N AR ELECTRIC OPERATION ROUND-UP TRUST PO BOX 1000 SALEM AR 72576 201400369 SCHOLARSHIPS AR 501(c)(3) 8 NAEC true NEXT POWERED BY NAEC LLC 225 S MAIN ST SALEM AR 72576 812002691 BROADBAND AR C CORP -344338 496212 1.00000 true true true false true false false false false false false false true false false false true true false false NEXT POWERED BY NAEC A 5623 FMV NEXT POWERED BY NAEC D 516477 FMV