2017-05-05T08:59:07-05:00 2016-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2016-01-01 730382745 OKLAHOMA ELECTRIC COOPERATIVE % OKLAHOMA ELECTRIC COOPERATIV OKLA 4053212024 PO BOX 1208 NORMAN OK 73070 PATRICK C GRACE CEO 4053212024 2017-04-26 true AMBER SHERRILL P00748683 5013721040 64.22.227.161 71015520171255000000 2017-05-05 P 1528D3B04E878A45895BB88E74696FB0CD9C2BB8 1528D3B04E878A45895BB88E74696FB0CD9C2BB8 2016 2021-01-29 14:40:06Z PATRICK C GRACE PO BOX 1208 NORMAN OK 73070 126858098 false X WWW.OKCOOP.ORG X 1937 OK TO PROVIDE ELECTRICITY TO ITS MEMBERS 9 9 153 0 0 0 0 130045203 126596113 295282 260838 9934 1147 130350419 126858098 0 0 0 0 1193057 16941638 0 0 0 118412940 103437356 119605997 120378994 10744422 6479104 283811296 290062651 184781113 189094086 99030183 100968565 TO PROVIDE ELECTRICITY TO ITS MEMBERS false false TO PROVIDE ELECTRICITY TO ITS MEMBERS false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false true false false false false false false true true false false true 497 0 true 153 true false false false false false 122535383 4322715 false X 9 9 false false false false true true true true true true false true true true true true true true false false OK X OKLAHOMA ELECTRIC COOPERATIV 4053212024 242 24TH AVE NW NORMAN OK 73069 X JOHN W JENSEN PRESIDENT 12.1 0.0 X X 64405 0 0 PERCY K MOREU VICE-PRESIDENT 7.78 0.0 X X 30525 0 0 RONNIE D GROVER SECRETARY/TREASURER 7.98 0.0 X X 28895 0 0 MICHAEL R ARGO ASSISTANT SECRETARY/TREASURER 7.0 0.0 X X 20809 0 0 RUSSELL W GRISSOM MEMBER 7.45 0.0 X 45084 0 0 RONALD D THARP MEMBER 11.17 0.0 X 45905 0 0 HERMAN R USRY MEMBER 10.37 0.0 X 41295 0 0 SHIRLEY A IDLEMAN MEMBER 7.02 0.0 X 13231 0 0 DANNY L WATTERS MEMBER 5.5 0.0 X 7378 0 0 VERLE A BARNES MEMBER 2.74 0.0 X 17569 0 0 FRANK K WILSON MEMBER 1.95 0.0 X 10397 0 0 PATRICK C GRACE CEO 50.0 0.0 X 253140 0 99255 JONNA C BUCK VP OF ADMINISTRATION 43.0 0.0 X 160983 0 132423 MICHAEL P O'BRIEN CFO 52.5 0.0 X 151067 0 42687 RANDAL K SIMMONS VICE PRESIDENT OF OPERATIONS 60.0 0.0 X 200740 0 94907 TRACY L MOWDY VP OF HR & LEGAL SERVICES 45.0 0.0 X 139859 0 51772 JOHN SPENCER VICE PRESIDENT OF METERING 60.0 0.0 X 143164 0 84779 JEFF D DANIELS DISTRICT LINEMAN 53.68 0.0 X 149867 0 46852 MARTY R HAYES MANAGER OF MAINTENANCE 42.0 0.0 X 142246 0 46540 MAX A MEEK SPECIAL CONSULTANT TO THE CEO 40.0 0.0 X 237463 0 32128 1904022 0 631343 42 true true false ASPLUNDH TREE EXPERT CO PO BOX 890367 DALLAS TX 75389 TREE TRIMMING 3345923 MIDWESTERN ELECTRICAL CONTRACTORS 3320 SE 156TH AVE NORMAN OK 73026 LINE CONSTRUCTION 2613444 MEYER BROTHERS 1964 NW 12TH AVE NORMAN OK 73072 LINE CONSTRUCTION 2154298 EDKO VEGETATION MANAGERS PO BOX 7241 SHREVEPORT LA 71137 TREE SERVICE 606043 OSMOSE INC MT BANK DEPT 560 PO BOX 8000 BUFFALO NY 14267 POLE INSPECT & TREAT 491429 7 0 SALES OF ELECTRICITY 221000 122535383 122535383 CAPITAL CREDITS 221000 4045178 4045178 WINDWORKS PROGRAM 900099 8284 8284 CONTRACT WORK 900099 7268 7268 126596113 244902 0 0 244902 0 0 0 0 0 15936 0 15936 15936 0 0 15936 0 0 0 OTHER REVENUES 900099 1147 1147 1147 1147 1147 126858098 126596113 0 261985 0 0 0 0 1434639 0 12331430 0 0 3175569 0 160264 0 0 0 0 0 434092 102251 0 0 0 0 0 332410 7735786 0 9878310 893642 COST OF POWER 69821236 DISTRIBUTION EXPENSE 6954680 FRANCHISE TAX 3691306 CONSUMER ACCOUNTS EXPENSE 1780605 1652774 120378994 2231756 3346233 3528708 535185 0 0 10783294 12696647 0 0 0 0 0 0 417352 415043 26674327 25548203 285857931 93841810 187656331 192016121 0 0 0 0 51688723 54710803 0 0 830805 794416 283811296 290062651 13638894 13867212 0 0 0 0 0 0 0 0 0 0 153754154 156640137 0 0 17388065 18586737 184781113 189094086 X 205845 208880 6766034 8138762 92058304 92620923 99030183 100968565 283811296 290062651 X 6479104 -4540722 X false true X true true true 1835706 1835706 16408887 3127064 13281823 264359084 90714746 173644338 3254254 3254254 192016121 INV IN ASSOC ORG PATRONAGE CAP 48742879 C INV IN ASSOC ORG NON-GEN FUNDS 5967924 C 54710803 0 DEFERRED CREDITS 696331 CONVERSION FEE LIABILITY 8993102 POSTRETIREMENT BENEFITS 8897304 18586737 126825463 126825463 32635 32635 126858098 120346359 120346359 32635 32635 120378994 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 INCOME TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $15,936 OTHER MISCELLANEOUS REVENUES $16,699 ----------------------------------------- TOTAL $32,635 ========= FORM 990, SCHEDULE D, PART XII, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $15,936 OTHER MISCELLANEOUS REVENUES $16,699 ----------------------------------------- TOTAL $32,635 ========= X X true true X X false false false PATRICK C GRACE CEO 235389 0 0 0 17751 0 70991 0 28264 0 352395 0 0 0 JONNA C BUCK VP OF ADMINISTRATION 149184 0 0 0 11799 0 104499 0 27924 0 293406 0 0 0 MICHAEL P O'BRIEN CFO 149834 0 0 0 1233 0 16101 0 26586 0 193754 0 0 0 MAX A MEEK SPECIAL CONSULTANT TO THE CEO 180605 0 0 0 56858 0 9450 0 22678 0 269591 0 0 0 RANDAL K SIMMONS VICE PRESIDENT OF OPERATIONS 186315 0 0 0 14425 0 64363 0 30544 0 295647 0 0 0 TRACY L MOWDY VP OF HR & LEGAL SERVICES 126418 0 0 0 13441 0 22759 0 29013 0 191631 0 0 0 JOHN SPENCER VICE PRESIDENT OF METERING 133452 0 0 0 9712 0 53848 0 30931 0 227943 0 0 0 JEFF D DANIELS DISTRICT LINEMAN 136926 0 0 0 12941 0 35053 0 11799 0 196719 0 0 0 MARTY R HAYES MANAGER OF MAINTENANCE 121409 0 0 0 20837 0 17910 0 28630 0 188786 0 0 0 SCHEDULE J, PART I, LINE 1A ALL ACTIVE EMPLOYEES, TRUSTEES AND RETIREES ARE ELIGIBLE FOR THE HEALTH CLUB BENEFIT. THIS IS A TAXABLE BENEFIT FOR ACTIVE EMPLOYEES AND IS REPORTED ON THE W-2. THIS IS A TAXABLE BENEFIT FOR ACTIVE TRUSTEES AND RETIREES AND IS REPORTED ON THE 1099 FORM. ALL ACTIVE TRUSTEES ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR BUSINESS USE OF HOME FAX LINES AND INTERNET SERVICES. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE COMPENSATION. TRACY MOWDY SON-IN-LAW OF MAX MEEK 139859 EMPLOYMENT COMPENSATION false MICHAEL E BUCK SPOUSE OF JOANNA 99058 EMPLOYMENT COMPENSATION false FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY USED OR OCCUPIED BY THE APPLICANT, TO RECEIVE ELECTRIC SERVICE FROM, OKLAHOMA ELECTRIC COOPERATIVE: ANY NATURAL PERSON, FIRM, ASSOCIATION, ELECTRIC MEMBERSHIP CORPORATION, FOREIGN ELECTRIC COOPERATIVE, CORPORATION, DOMESTIC OR FOREIGN, BUSINESS OR OTHER TRUST, PARTNERSHIP, FEDERAL AGENCY, STATE OR POLITICAL SUBDIVISION OR AGENCY THEREOF, OR ANY BODY POLITIC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. EACH MEMBER IS ENTITLED TO ONE VOTE. CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS REQUIRE A MAJORITY VOTE BY THE MEMBERS. IN ADDITION, THE MEMBERS ANNUALLY HOLD A MEETING TO ELECT TRUSTEES, AND TO TRANSACT SUCH OTHER BUSINESS THAT MAY COME BEFORE THE MEETING. UPON DISSOLUTION OF THE COOPERATIVE, AFTER ALL DEBTS AND LIABILITIES HAVE BEEN PAID AND ALL CAPITAL FURNISHED THROUGH PATRONAGE HAS BEEN RETIRED, THE REMAINING PROPERTY AND ASSETS OF THE COOPERATIVE SHALL BE DISTRIBUTED AMONG THE MEMBERS AND FORMER MEMBERS IN PROPORTION TO THEIR PATRONAGE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER IS ENTITLED TO ONE VOTE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 9 VERLE BARNES, 205 SOUTHPOINT AVE, TUTTLE, OK 73089. FRANK WILSON, 400 S. 60TH AVE, NOBLE, OK 73068. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTING FIRM. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE COOPERATIVE'S TOP MANAGEMENT OFFICIALS INCLUDING THE CEO AND THE CFO. THE FORM 990 WILL BE SENT VIA FIRST CLASS MAIL OR EMAILED TO THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, KEY EMPLOYEES AND TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH OF THESE PERSONS HAS A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. WITH REGARDS TO POTENTIAL FINANCIAL INTERESTS, THE INTERESTED PERSON SHALL PRESENT ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES AT WHICH TIME THE DISINTERESTED TRUSTEES SHALL MAKE A DETERMINATION WHETHER A CONFLICT EXISTS. SHOULD A CONFLICT BE IDENTIFIED, THE INTERESTED PERSON HAS 30 DAYS TO COMPLY WITH THE POLICY . IF COMPLIANCE IS NOT ATTAINED, THE BOARD WILL SANCTION, DISQUALIFY AND/OR REMOVE THE TRUSTEE AS ALLOWED BY THE BY-LAWS. IF ANY OTHER OFFICIAL IS DETERMINED TO BE OUT OF COMPLIANCE WITH THIS POLICY, THE BOARD WILL ACT OR AUTHORIZE THE CEO TO ACT AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A AT THE JUNE BOARD OF TRUSTEE MEETING, THE TRUSTEES REVIEWED THE CEO'S PERFORMANCE AND DETERMINED THE AMOUNT OF COMPENSATION. THE MEETING WAS DOCUMENTED IN THE BOARD OF TRUSTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL REFUNDS (4,543,757) OTHER 3,035 ------------ TOTAL (4,540,722) OEC ADVANTAGE INC PO BOX 1208 NORMAN OK 73070 731534035 INFO. SERVICES OK OEC C CORPORATION 0 5853 1.00000 true false false false false false false false false false false false false false false false false false false false