2017-08-08T11:45:28-04:00 2016-12-31 341495118 BASHORE REINECK STOLLER & WATERMAN INC PO BOX 249 PAULDING OH 45879 990 2016-01-01 344325955 PAULDING PUTNAM ELECTRIC CO-OP INC PAUL 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE W CARTER CEO 4193995015 2017-07-07 true MATTHEW F REINECK CPA P00116343 4193993686 2017-07-31 F133C77E049A434002B46E31303D41B08E7CBC20 E3FA6AC4C3613B7422728A9400F19CC5FDE627DC 2016 2021-01-29 14:40:06Z GEORGE W CARTER 401 MCDONALD PIKE PAULDING OH 45879 38880933 false X WWW.PPEC.COOP X 1936 OH DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. 9 9 46 0 0 37036247 37610637 1910527 1048624 125542 132311 39072316 38791572 0 5454023 3932884 1656208 1490893 0 0 31962085 33367795 39072316 38791572 0 83606673 86675765 31469715 32056819 52136958 54618946 DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. false false 38442273 37610637 DISTRIBUTION OF ELECTRICAL ENERGY TO 12,897 CONSUMERS AT 14,121 SERVICE POINTS AND THE MAINTENANCE OF OVER 1,695 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 38442273 false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 33 0 true 46 true false false false false false 37610637 1180935 false X 9 9 false false false false true true true true true false false true true true true true true true true false X ANNETTE SCHREINER 4193995015 401 MCDONALD PIKE PAULDING OH 45879 JOHN M SAXTON PRESIDENT 4.61 X X 18700 0 67 STEVEN MCMICHAEL VICE-PRESIDE 4.48 X X 18700 0 93 TIMOTHY A DERCK TRUSTEE 3.31 X 14650 0 93 GERALD SORG TRUSTTEE 3.05 X 14300 0 41 KEN W NIESE TRUSTEE 3.34 X 13850 0 93 GARY C HAYDEN SECRETARY/TR 2.69 X X 12675 0 80 DOUGLAS FORTMAN TRUSTEE 2.59 X 9225 0 93 JAY DANGLER TRUSTEE 2.29 X 8850 0 93 WILLIAM DOWLER TRUSTEE 1.79 X 6500 0 93 GEORGE W CARTER CEO 40.00 X 191789 0 63648 309239 64394 1 false true false NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PL CLOVERDALE VA 24077 CONST CONTRACTR 978414 NRTC PO BOX 1506 MERRIFIELD VA 22116 CONSTRUCT CONT 710428 NELSON TREE SERVICE INC 350 EAST DEVON AVE ITASCA IL 60143 TREE SERVICE 432619 DAVIS H ELLIOT CONSTRUCTION COMPANY 673 BLUE SKY PARKWAY LEXINGTON KY 40509 CONSTRUCT CONTR 340198 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWA 209738 8 ELECTRIC SALES TO MEMBERS 37358934 37358934 METER READ & RECONNECT FEES 251703 251703 37610637 1026597 819940 206657 118303 118303 118303 118303 188 111200 593 88768 -405 22432 22027 22027 OTHER NON-OPERATING INCOME 14008 14008 14008 38791572 38466612 324960 3932884 117450 1234970 24007 114466 7444 19750 35555 1745500 39544 47595 1087737 2789482 33347 PURCHASED POWER COST 25078086 PROPERTY TAXES 888094 MEMBER SERVICES 250807 DUES TO ASSOC ORGANIZATNS 174280 1170574 38791572 0 0 0 1184340 1389008 75264 75287 2676421 2595092 612327 540034 227298 229358 86890824 23225770 60315732 63665054 117685 112670 17635411 17420450 762195 648812 83606673 86675765 4289365 4941058 27006715 26916666 173635 199095 31469715 32056819 X 78803 76053 52058155 54542893 52136958 54618946 83606673 86675765 0 2481988 X false true X true false 413066 413066 6701087 725580 5975507 79340516 22500190 56840326 436155 436155 63665054 BUCKEYE POWER, INC. CAPITAL CREDIT 11793184 C WABASH VALLEY POWER ASSOC, INC. 1818864 C BUCKEYE POWER, INC. MEMBER EQUITY 1181348 C BUCKEYE POWER COMMERCIAL PAPER 770785 F COOPERATIVE FINANCIAL CORP (CFC) 608632 C COOPERATIVE FINANCIAL CORP (CFC) 301377 C CFC - MCS 250000 C RESCO CAPITAL CREDITS 187304 C HEARTLAND EMERGENCY EQUIPMENT LLC 162749 C FED RURAL ELECTRIC INS CO (FREIC) 112070 C NATIONAL BANK FOR COOPERATIVES 99709 C NISC 60159 C NRTC 48768 C COOPERATIVE RESPONSE CENTER 12500 C COOPERATIVE RESPONSE CENTER (CRC) 7991 C STATEWIDE 2720 C WABASH AND ASSOC ORGANIZATIONS 2185 C PAULDING LANDMARK, INC. 75 C MISCELLANEOUS 30 C 17420450 CONSUMER DEPOSITS 199095 199095 38791572 38791572 38791572 36309584 36309584 2481988 2481988 38791572 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT ALLOCATION TO MEMBERS 3,932,884 PRIOR REDEMPTIONS DONATED 188,780 MEMBERSHIPS REDEEMED -2,750 CAPITAL CREDITS RETIRED -1,636,926 X X X X false false false GEORGE W CARTER CEO 186812 4977 39430 24218 255437 FORM 990 PART IX, LINE 4: BENEFITS PAID TO MEMBERS. THE COOPERATIVE IS INTERPRETING THE TERM "BENEFITS PAID TO MEMBERS" TO MEAN CAPITAL CREDITS ALLOCATED OR TO BE ALLOCATED TO MEMBERS FROM CURRENT YEAR NET MARGINS. FORM 990, PAGE 6, PART VI, LINE 6 ANY PERSON, FIRM, OHIO LIMITED LIABILITY COMPANY OR BODY POLITIC MY BECOME A MEMBER IN THE COOPERATIVE AT THEIR PRIMARY RESIDENCE OR PLACE OF BUSINESS BY: (A) AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY AS HEREINAFTER SPECIFIED; AND (B) PROVIDING RIGHT OF WAY ACCESS TO ALL COOPERATIVE OWNED PROPERTY AND EQUIPMENT, (C) ALLOWING FOR THE REGULAR MAINTENANCE, IMPROVEMENT, UPGRADES AND RETIREMENTS OF ALL COOPERATIVE OWNED EQUIPMENT INCLUDING RIGHT OF WAY CLEARING AND TRIMMING, AND (C) AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION OF THE COOPERATIVE AND THE CODE OF REGULATIONS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF TRUSTEES. NO PERSON, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES IS NOMINATED AND ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF TRUSTEES ARE ELECTED FROM THE MEMBERSHIP BY THE MEMBERS. MEMBERSHIP APPROVAL IS REQUIRED FOR THE COOPERATIVE TO SELL, LEASE, MORTGAGE OR DISPOSE OF ALL OR SUBSTANTIALLY ALL ITS PROPERTY, NOT WITHSTANDING THE RIGHT OF THE TRUSTEES TO BORROW MONEY AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES. MEMBER APPROVAL IS REQUIRED TO ALTER, AMEND OR REPEAL THE CODE OF REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW A DRAFT COPY OF FORM 990 WITH THE PAID PREPARER PRIOR TO FILING. THE FORM IS READ THROUGH FOR REASONABLENESS OF RESPONSES AND INFORMATION PROVIDED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD POLICY DICTATES THAT THE CONFLICT OF INTEREST POLICY BE MONITORED BY DEPARTMENT AND ENFORCED BY DEPARTMENT HEADS. ALL EMPLOYEES OF THE COOPERATIVE ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. DURING 2014, THE DEPARTMENT HEADS DID NOT ENCOUNTER ANY CIRCUMSTANCES WHERE THE CONFLICT OF INTEREST POLICY WAS REQUIRED TO BE ENFORCED. IT IS INTENT OF THE POLICY TO AVOID CONFLICTS OF INTEREST WHEN AT ALL POSSIBLE. A CONFLICT WOULD PROHIBIT THE PERSON FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS WITH REGARD TO THE CONFLICTED TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER ON AN ANNUAL BASIS FOLLOWING GUIDELINES ESTABLISHED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) ALONG WITH RESEARCH AND REVIEW OF LOCAL, REGIONAL AND NATIONAL DATA AVAILABLE FROM NRECA AND OTHER AREA COOPERATIVES AS INDICATED ON THEIR 990 FORMS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR TRUSTEES AND OFFICERS OF THE BOARD OF TRUSTEES ARE BASED ON A DIRECTOR FEE SURVEY COMPLETED BY THE STATEWIDE ORGANIZATION - OHIO RURAL ELECTRIC COOPERATIVES, INC. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 DONATED CAPITAL 188,780 ALLOCATED CAPITAL CREDITS RETAINED 3,932,884 MEMBERSHIPS REDEEMED DURING 2016 -2,750 CAPITAL CREDITS RETIRED -1,636,926 TOTAL 2,481,988