RICH MOUNTAIN ELECTRIC COOPERATIVE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- RICH MOUNTAIN ELECTRIC COOPERATIVE INC (EIN 71-0207627)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-29
- IRS object ID
- 201731809349301108
- 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 | 2017-06-29T15:26:48-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 412090120 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THESSING AND ASSOCIATES LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9772 MAUMELLE BLVD | AddressLine1Txt |
| City | N LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710207627 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICH MOUNTAIN ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RICH | BusinessNameControlTxt |
| Phone | 4793944140 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | MENA | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71953 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GERALD L PHILPOT | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4793944140 | PhoneNum |
| Signature | 2017-06-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN THESSING | PreparerPersonNm |
| PTIN | P00097348 | PTIN |
| Phone | 5015371010 | PhoneNum |
| Preparation | 2017-06-29 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | B3FA8D30F2E1F3839E3F67C985BB5529C012FF98 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A89645120CFAF5603561A60F5553D2ED17F25289 | 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 | JERRY JACOBS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 JACOBS LOOP | AddressLine1Txt |
| City | DIERKS | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71833 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,783,621 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1945 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,799,974 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,152,414 | CYProgramServiceRevenueAmt |
| PY Investment Income | $357,671 | PYInvestmentIncomeAmt |
| CY Investment Income | $381,871 | CYInvestmentIncomeAmt |
| PY Other Revenue | $189,859 | PYOtherRevenueAmt |
| CY Other Revenue | $237,173 | CYOtherRevenueAmt |
| PY Total Revenue | $14,347,504 | PYTotalRevenueAmt |
| CY Total Revenue | $14,771,458 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $300,000 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $300,000 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $823,654 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $841,438 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,722,486 | PYOtherExpensesAmt |
| CY Other Expenses | $12,955,883 | CYOtherExpensesAmt |
| PY Total Expenses | $13,846,140 | PYTotalExpensesAmt |
| CY Total Expenses | $14,097,321 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $501,364 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $674,137 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $63,758,622 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,662,799 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $42,366,210 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $46,596,592 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,392,412 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,066,207 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $13,593,400 | ExpenseAmt |
| Revenue | $14,152,414 | RevenueAmt |
| Desc | RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $503,921 | ExpenseAmt |
| Desc | RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $503,921 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $14,097,321 | 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 | Yes (true) | 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 | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 31 | 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 | $14,165,228 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $618,393 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | false | LocalChaptersInd |
| 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 | false | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICH MOUNTAIN ELECTRIC COOPERATIVE | PersonNm |
| Phone | 4793944140 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 515 JANSSEN AVENUE | AddressLine1Txt |
| City | MENA | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71953 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| BUDDY NEWBOLDT | ||||||
| DIRECTOR | 14.00 | Yes (X) | $37,020 | $0 | $0 | |
| MARK ROBBINS | ||||||
| TREASURER | 14.00 | Yes (X) | $35,420 | $0 | $0 | Yes (X) |
| DANNY HANSBROUGH | ||||||
| DIRECTOR | 14.00 | Yes (X) | $34,420 | $0 | $0 | |
| GARY BEARDEN | ||||||
| DIRECTOR | 14.00 | Yes (X) | $34,270 | $0 | $0 | |
| JERRY JACOBS | ||||||
| BOARD CHAIRM | 14.00 | Yes (X) | $32,920 | $0 | $0 | Yes (X) |
| LARRY DUNAWAY | ||||||
| DIRECTOR | 14.00 | Yes (X) | $32,170 | $0 | $0 | |
| HERSHEL BELL | ||||||
| DIRECTOR | 14.00 | Yes (X) | $30,420 | $0 | $0 | |
| GEORGE TILLEY | ||||||
| DIRECTOR | 14.00 | Yes (X) | $30,170 | $0 | $0 | |
| BETTY SMITH | ||||||
| DIRECTOR | 14.00 | Yes (X) | $21,497 | $0 | $0 | |
| GERALD L PHILPOT | ||||||
| CEO | 40.00 | $176,264 | $0 | $12,180 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $464,571 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $12,180 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | 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 |
|---|---|---|---|---|---|
| RE-CON COMPANY | |||||
| 12 NE 52ND ST | OKLAHOMA CITY | OK | 73105 | CONSTRUCTION | $648,000 |
| BBC ELECTRICAL SERVICES | |||||
| 5467 S HWY 43 | JOPLIN | MO | 64804 | CONSTRUCTION | $339,841 |
| GLENNAIRE CONSTRUCTION INC | |||||
| 2800 JERRY LEE DR | MENA | AR | 71953 | CONSTRUTION | $338,283 |
| TOTH & ASSOCIATES | |||||
| 830 E PRIMROSE STE 200 | SPRINGFIELD | MO | 65807 | ENGINEERING | $282,054 |
| ARK ELECTRIC COOPERATIVE INC | |||||
| PO BOX 194208 | LITTLE ROCK | AR | 72219 | CONSTRUCTION | $187,407 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ELECTRIC ENERGY SALES | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $14,152,414 | TotalRevenueColumnAmt |
| Exclusion | $14,152,414 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,152,414 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $381,871 | TotalRevenueColumnAmt |
| Exclusion | $381,871 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $55,046 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $55,046 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,046 | TotalRevenueColumnAmt |
| Exclusion | $55,046 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $12,814 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $12,163 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $651 | TotalRevenueColumnAmt |
| Exclusion | $651 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL CREDITS RECEIVED | Desc |
| Total Revenue Column | $181,476 | TotalRevenueColumnAmt |
| Exclusion | $181,476 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $181,476 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,771,458 | TotalRevenueColumnAmt |
| Exclusion | $14,771,458 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,000 | TotalAmt |
| Program Services | $300,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $476,751 | TotalAmt |
| Program Services | $476,751 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $364,687 | TotalAmt |
| Program Services | $364,687 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,170 | TotalAmt |
| Program Services | $27,170 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,600 | TotalAmt |
| Program Services | $28,600 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,605,104 | TotalAmt |
| Program Services | $1,605,104 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,950,588 | TotalAmt |
| Program Services | $1,950,588 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| COST OF POWER PURCHASED | $7,221,729 | $7,221,729 |
| CONSUMER ACCOUNTS | $754,965 | $754,965 |
| ADMINISTRATIVE & GENERAL | $479,015 | $479,015 |
| DISTRIBUTION OPERATIONS | $457,357 | $457,357 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $431,355 | TotalAmt |
| Program Services | $431,355 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,097,321 | TotalAmt |
| Program Services | $14,097,321 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,051 | BOYAmt |
| EOY | $91,992 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,163,200 | BOYAmt |
| EOY | $3,920,682 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,888,428 | BOYAmt |
| EOY | $2,286,008 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,000 | BOYAmt |
| EOY | $429,398 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,335 | BOYAmt |
| EOY | $141,965 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $75,328,787 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,326,160 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,982,992 | BOYAmt |
| EOY | $55,002,627 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,943,616 | BOYAmt |
| EOY | $6,790,127 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,758,622 | BOYAmt |
| EOY | $68,662,799 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,600,890 | BOYAmt |
| EOY | $907,955 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,370,557 | BOYAmt |
| EOY | $44,146,569 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,394,763 | BOYAmt |
| EOY | $1,542,068 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,366,210 | BOYAmt |
| EOY | $46,596,592 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,385 | BOYAmt |
| EOY | $61,710 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,331,027 | BOYAmt |
| EOY | $22,004,497 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,392,412 | BOYAmt |
| EOY | $22,066,207 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,758,622 | BOYAmt |
| EOY | $68,662,799 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $674,137 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$342 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Investment Cost Or Other Basis | $366,265 | InvestmentCostOrOtherBasisAmt |
| Book Value | $366,265 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,774,336 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $994,431 | DepreciationAmt |
| Book Value | $779,905 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $5,453,584 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $3,056,474 | DepreciationAmt |
| Book Value | $2,397,110 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $67,734,602 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $16,275,255 | DepreciationAmt |
| Book Value | $51,459,347 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $55,002,627 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ARK ELECTRIC COOP CORP | $5,379,075 | C |
| ARK ELECTRIC COOP INC | $669,578 | C |
| NATL RURAL UTIL CORP FIN CO | $500,912 | C |
| FEDERATED RURAL ELECTRIC | $166,060 | C |
| NATL INFORMATION SOLUTIONS | $63,199 | C |
| ARK RURAL ELECT SELF INS TR | $9,195 | C |
| NATL RURAL TELEPHONE COOP | $1,000 | C |
| POLK COUNTY FARMERS ASSOC | $803 | C |
| OTHER INVESTMENTS | $305 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $6,790,127 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| PATRONAGE CAPITAL PAYABLE | $558,920 |
| ACCRUED PROPERTY TAXES | $421,895 |
| CUSTOMER DEPOSITS | $283,143 |
| CUSOTMER ADVANCE FOR CONSTR | $146,552 |
| ACCRUED SICK & VACATION LEAVE | $78,366 |
| SALES & PAYROLL TAX PAYBLE | $46,454 |
| INTEREST PAYABLE | $6,738 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,542,068 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $14,771,458 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $14,771,458 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $14,771,458 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,097,321 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $14,097,321 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $14,097,321 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GERALD L PHILPOT | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $176,264 | BaseCompensationFilingOrgAmt |
| Nontaxable Benefits Filing Org | $12,180 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $188,444 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. |
| FORM 990, PAGE 2, PART III, LINE 4D | RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | AS A COOPERATIVE,ALL OF INDIVIDUALS OR BUSINESSES THAT ARE PROVIDED ELECTRIC SERVICE THROUGH THE COOP ARE MEMBERS OF THE COOP |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL BOARD MEMBERS ARE ELECTED BY THE COOPERATIVE'S MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE COOP'S CEO AND BOARD CHAIRMAN REVIEW AND DISCUSS THE CONTENTS OF FORM 990 PRIOR TO IT BEING FILED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COOPERATIVE'S CEO IS GIVEN A PERFORMANCE VALUATION BY THE BOARD ON AN ANNUAL BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | EACH EMPLOYEE RECEIVES AN ANNUAL PERFORMANCE EVALUATION BY THE CEO AT WHICH TIME THEIR ANNUAL COMPENSATION IS REVIEWED. ALL RESULTS ARE DOCUMENTED IN THE EMPLOYEES' FILES |
| FORM 990, PAGE 6, PART VI, LINE 19 | A COPY OF THE BY-LAWS ARE GIVEN TO EACH MEMBER WHEN THEY JOIN THE COOPERATIVE AND THE BY-LAWS ARE PUBLISHED ANNUALLY IN THE COOP'S RURAL ARKANSAS MAGAZINE WHICH IS DISTRIBUTED TO ALL MEMBERS. A COPY OF THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION FOR ALL MEMBERS AT THE COOPERATIVE'S BUSINESS OFFICE DURING NORMAL BUSINESS HOURS. |
| FORM 990, PART XI, LINE 9 | INCREASE IN MEMBERSHIPS 325 DECREASE IN DONATED CAPITAL -667 TOTAL -342 |