SOUTHWEST TENNESSEE ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHWEST TENNESSEE ELECTRIC MEMBERSHIP CORP (EIN 62-0366645)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2017-11-01
- IRS object ID
- 201723059349301227
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-01T11:17:50-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621110839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER THOMPSON ARNOLD PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 OIL WELL RD | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620366645 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST TENNESSEE ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | MEMBERSHIP CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 7317721322 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 959 | AddressLine1Txt |
| City | BROWNSVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 380120959 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J KEVIN MURPHY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7317721322 | PhoneNum |
| Signature | 2017-10-31 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J WINSTON TRUETT | PreparerPersonNm |
| PTIN | P00191228 | PTIN |
| Phone | 7314278571 | PhoneNum |
| Preparation | 2017-10-31 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 0CF78BCC36444F9E07D7A65869C08D4EE3BEED24 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0CF78BCC36444F9E07D7A65869C08D4EE3BEED24 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | J KEVIN MURPHY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 959 | AddressLine1Txt |
| City | BROWNSVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 380120959 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $112,039,020 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | STEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE ELECTRICITY TO RURAL AREAS OF SOUTHWEST TENNESSEE AT A REASONABLE COST | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 144 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $104,961,750 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $111,246,446 | CYProgramServiceRevenueAmt |
| PY Investment Income | $133,056 | PYInvestmentIncomeAmt |
| CY Investment Income | $410,059 | CYInvestmentIncomeAmt |
| PY Other Revenue | $348,601 | PYOtherRevenueAmt |
| CY Other Revenue | $318,269 | CYOtherRevenueAmt |
| PY Total Revenue | $105,443,407 | PYTotalRevenueAmt |
| CY Total Revenue | $111,974,774 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,092,751 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $14,188,894 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $89,641,871 | PYOtherExpensesAmt |
| CY Other Expenses | $92,897,336 | CYOtherExpensesAmt |
| PY Total Expenses | $102,734,622 | PYTotalExpensesAmt |
| CY Total Expenses | $107,086,230 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,708,785 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,888,544 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $149,551,342 | TotalAssetsBOYAmt |
| Total Assets EOY | $150,340,159 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $69,155,426 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $65,055,699 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $80,395,916 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $85,284,460 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE ELECTRICITY TO RURAL AREAS OF SOUTHWEST TENNESSEE AT A REASONABLE COST | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $107,086,230 | ExpenseAmt |
| Revenue | $111,246,446 | RevenueAmt |
| Desc | PROVIDES ELECTRICITY FOR APPROXIMATELY 49,750 CUSTOMERS IN PARTS OF ELEVEN COUNTIES IN SOUTHWEST TENNESSEE | Desc |
| Total Program Service Expenses | $107,086,230 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 37 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 144 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $109,540,822 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,499,267 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT SIMS | PersonNm |
| Phone | 7317721322 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1009 E MAIN ST | AddressLine1Txt |
| City | BROWNSVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ROBERT KENDRICK | |||||||
| DIRECTOR | 10.00 | Yes (X) | $19,648 | $0 | $0 | ||
| ALLAN FERGUSON | |||||||
| VICE-CHAIRMA | 8.00 | Yes (X) | $18,616 | $0 | $0 | Yes (X) | |
| DAVID MCDANIEL | |||||||
| DIRECTOR | 8.00 | Yes (X) | $15,247 | $0 | $0 | ||
| JAMES ROSE | |||||||
| DIRECTOR | 8.00 | Yes (X) | $14,048 | $0 | $0 | ||
| ALLEN KING | |||||||
| DIRECTOR | 8.00 | Yes (X) | $14,043 | $0 | $0 | ||
| AUDREY BLUE | |||||||
| SECRETARY/TR | 13.00 | Yes (X) | $12,824 | $0 | $0 | Yes (X) | |
| HUGH HARVEY | |||||||
| CHAIRMAN | 10.00 | Yes (X) | $12,024 | $0 | $0 | Yes (X) | |
| WB MCKINNON | |||||||
| DIRECTOR | 8.00 | Yes (X) | $10,081 | $0 | $0 | ||
| CLAIRE MARSHALL | |||||||
| DIRECTOR | 9.00 | Yes (X) | $9,624 | $0 | $0 | ||
| NORMA TURNER | |||||||
| DIRECTOR | 9.00 | Yes (X) | $9,624 | $0 | $0 | ||
| JACKIE BUTLER | |||||||
| DIRECTOR | 10.00 | Yes (X) | $2,944 | $0 | $0 | ||
| J KEVIN MURPHY | |||||||
| PRESIDENT | 50.00 | $184,296 | $0 | $56,743 | Yes (X) | ||
| B SCOTT SIMS | |||||||
| VP FINANCE, | 50.00 | $110,241 | $0 | $27,764 | Yes (X) | ||
| PHILLIP MULLINS | |||||||
| VP OPERATION | 50.00 | $135,507 | $0 | $44,770 | Yes (X) | ||
| THOMAS HALLIBURTON | |||||||
| LINE FOREMAN | 45.00 | $114,406 | $0 | $62,177 | Yes (X) | ||
| WILLIAM GORDON | |||||||
| VP ENGINEERI | 50.00 | $107,019 | $0 | $27,469 | Yes (X) | ||
| BARRY TRENT HALL | |||||||
| VP PURCHASIN | 50.00 | $105,855 | $0 | $53,910 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $896,047 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $272,833 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AUBREY SILVEY ENTERPRISES INC | |||||
| 371 HAMP JONES RD | CARROLLTON | GA | 30117 | CONSTRUCTION | $1,261,534 |
| MCKENZIE TREE SERVICE INC | |||||
| PO BOX 425 | PARSONS | TN | 38363 | ROW MAINTENANCE | $1,243,708 |
| BYRD TREE SERVICE | |||||
| 5485 HWY 79 N | BROWNSVILLE | TN | 38012 | ROW MAINTENANCE | $1,058,942 |
| CENTRAL SERVICE ASSOCIATION | |||||
| PO BOX 3480 | TUPELO | MS | 38803 | SUPPORT SERVICE | $402,784 |
| EXCELERON SOFTWARE | |||||
| 8144 WALNUT HILL LANE | DALLAS | TX | 75231 | SOFTWARESUPPORT | $376,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| ELECTRIC REVENUE | $107,397,279 | $107,397,279 |
| RENT FROM ELECTRIC PROPERTIES | $1,695,937 | $1,695,937 |
| MISCELLANEOUS SERVICE REVENUE | $1,230,731 | $1,230,731 |
| FORFEITED DISCOUNTS | $911,458 | $911,458 |
| OTHER ELECTRIC REVENUE | $11,041 | $11,041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $111,246,446 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $113,826 | TotalRevenueColumnAmt |
| Exclusion | $113,826 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $352,617 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $56,384 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $296,233 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $296,233 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $296,233 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $9,216 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $7,862 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,354 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,354 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PATRONAGE CAPITAL REFUNDS | Desc |
| Total Revenue Column | $316,915 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $316,915 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $316,915 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $111,974,774 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $111,860,948 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $113,826 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $453,229 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,965,449 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,152,818 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,935,250 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $682,148 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,852 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,004 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,986 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,322 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $929,788 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,586 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,021 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,392 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,746 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,611,628 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,332,585 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $718,482 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $78,546,660 |
| ELECTRIC SYSTEM OPERATING | $2,394,284 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,086,230 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,230,412 | BOYAmt |
| EOY | $6,243,888 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,172 | BOYAmt |
| EOY | $43,715 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,514,389 | BOYAmt |
| EOY | $6,562,852 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,443,338 | BOYAmt |
| EOY | $2,861,998 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,476,218 | BOYAmt |
| EOY | $1,503,997 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,403,523 | BOYAmt |
| EOY | $1,643,342 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $209,863,555 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $80,802,277 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,017,765 | BOYAmt |
| EOY | $129,061,278 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,417,525 | BOYAmt |
| EOY | $2,419,089 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,551,342 | BOYAmt |
| EOY | $150,340,159 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,804,287 | BOYAmt |
| EOY | $23,736,900 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,674,723 | BOYAmt |
| EOY | $39,669,734 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,676,416 | BOYAmt |
| EOY | $1,649,065 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,155,426 | BOYAmt |
| EOY | $65,055,699 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,395,916 | BOYAmt |
| EOY | $85,284,460 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,395,916 | BOYAmt |
| EOY | $85,284,460 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,551,342 | BOYAmt |
| EOY | $150,340,159 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,888,544 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,151,874 | OtherCostOrOtherBasisAmt |
| Book Value | $1,151,874 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,382,095 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,763,992 | DepreciationAmt |
| Book Value | $4,618,103 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,950,616 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,251,790 | DepreciationAmt |
| Book Value | $24,698,826 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $153,378,970 | OtherCostOrOtherBasisAmt |
| Depreciation | $54,786,495 | DepreciationAmt |
| Book Value | $98,592,475 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $129,061,278 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| TVA SPONSORED CONSERVATION LOANS | $1,367,433 |
| MEMBERSHIPS | $220,430 |
| ADVANCES FOR CONSTRUCTION-REFUNDABLE | $61,202 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,649,065 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $111,974,774 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $111,974,774 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $111,974,774 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $107,086,230 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $107,086,230 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $107,086,230 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| J KEVIN MURPHY | ||||||
| PRESIDENT | $176,012 | $2,750 | $5,534 | $37,298 | $19,445 | $241,039 |
| PHILLIP MULLINS | ||||||
| VP OPERATIONS | $129,316 | $250 | $5,941 | $42,633 | $2,137 | $180,277 |
| THOMAS HALLIBURTON | ||||||
| LINE FOREMAN | $113,370 | $50 | $986 | $43,465 | $18,712 | $176,583 |
| BARRY TRENT HALL | ||||||
| VP PURCHASING, FLEET | $103,228 | $300 | $2,327 | $45,384 | $8,526 | $159,765 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | PART I, QUESTION 3: ANNUAL EXTERNAL WAGE SURVEYS ARE OBTAINED FROM TENNESSEE VALLEY PUBLIC POWER ASSOCIATION AND RELATED COMPARABILITY DATA IS COMPILED BY THE COMPANY'S HUMAN RESOURCE DEPARTMENT. THIS INFORMATION IS USED BY THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE TO DETERMINE THE RECOMMENDED COMPENSATION FOR THE PRESIDENT. THE FULL BOARD OF DIRECTORS APPROVES THE PRESIDENT'S COMPENSATION AND A WRITTEN CONTRACT IS EXECUTED. PART II, ADDITIONAL INFORMATION: REGARDING COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION, FOR LISTED INDIVIDUALS: THE AMOUNT LISTED IS THE INCREASE IN ACTUARIAL VALUE OF THEIR DEFINED BENEFIT PENSION PLAN AS DETERMINED BY THE PLAN ACTUARIES. THIS AMOUNT DOES NOT REPRESENT DIRECT PAYMENTS MADE BY THE COOPERATIVE OR RECEIVED BY THE INDIVIDUALS LISTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE CORPORATION IS WHOLLY MEMBER-OWNED BY THE INDIVIDUALS WHOM THE ELECTRICAL COOPERATIVE PROVIDES SERVICE TO. UPON ESTABLISHING ELECTRIC SERVICE, EACH INDIVIDUAL ALSO JOINS THE COOPERATIVE AS A MEMBER. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL COOPERATIVE MEMBERS HAVE ONE VOTE EACH TO ELECT THE BOARD OF DIRECTORS. ELECTIONS ARE HELD ANNUALLY. BOARD MEMBERS SERVE THREE-YEAR TERMS. THE TERMS ARE STAGGERED SO THAT THREE OR FOUR OF THE TEN BOARD MEMBERS ARE UP FOR ELECTION EACH YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS COMPLETED AND FILED BY THE COOPERATIVE'S INDEPENDENT EXTERNAL ACCOUNTING FIRM. INFORMATION TO COMPLETE THE RETURN IS COMPILED BY THE COOPERATIVE'S INTERNAL ACCOUNTING STAFF, AND SUPPLIED TO THE EXTERNAL ACCOUNTING FIRM. A DRAFT FORM 990 RETURN IS SENT TO COOPERATIVE MANAGEMENT AND THE BOARD OF DIRECTORS FOR THEIR REVIEW. THE FORM 990 IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS AT THEIR MONTHLY BOARD MEETING, PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | ANNUAL EXTERNAL WAGE SURVEYS ARE OBTAINED, AND RELATED COMPARABILITY DATA IS COMPILED BY THE COMPANY'S HUMAN RESOURCE DEPARTMENT. THIS INFORMATION IS USED BY THE BOARD OF DIRECTORS TO DETERMINE THE PRESIDENT'S COMPENSATION. THE INFORMATION IS ALSO USED BY THE PRESIDENT TO DETERMINE THE COMPANY'S WAGE AND SALARY PLAN THAT IS ADOPTED BY THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ANNUAL EXTERNAL WAGE SURVEYS ARE OBTAINED, AND RELATED COMPARABILITY DATA IS COMPILED BY THE COMPANY'S HUMAN RESOURCE DEPARTMENT. THIS INFORMATION IS USED BY THE BOARD OF DIRECTORS TO DETERMINE THE PRESIDENT'S COMPENSATION. THE INFORMATION IS ALSO USED BY THE PRESIDENT TO DETERMINE THE COMPANY'S WAGE AND SALARY PLAN THAT IS ADOPTED BY THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE COMPANY WEBSITE, THE TENNESSEE MAGAZINE, AND UPON REQUEST. ADDITIONALLY, THE GOVERNING DOCUMENTS OR BYLAWS ARE PROVIDED TO EACH NEW MEMBER WHEN THEY JOIN THE COOPERATIVE. SUMMARY FINANCIAL STATEMENTS ARE ALSO DISTRIBUTED AT OUR ANNUAL MEMBER MEETING AND PUBLISHED IN THE TENNESSEE MAGAZINE. |
| FORM 990, PART VII | SECTION A, 1A: AMOUNTS IN COLUMN D, REPORTABLE COMPENSATION, INCLUDE TAXABLE BENEFITS SUCH AS TAXABLE LIFE INSURANCE BENEFITS AND TAXABLE TRANSPORTATION FRINGE BENEFITS. AMOUNTS IN COLUMN F INCLUDE NON-TAXABLE BENEFITS SUCH AS COMPANY PAID MEDICAL AND DENTAL INSURANCE PREMIUMS AND 401K RETIREMENT PLAN CONTRIBUTIONS. ALSO INCLUDED IN COLUMN F IS AN INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PENSION PLAN, AS DETERMINED BY THE PLAN ACTUARIES. |