NOLIN RURAL ELECTRIC COOPERATIVE CORPORATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- NOLIN RURAL ELECTRIC COOPERATIVE CORPORATION (EIN 61-0294540)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-04-16
- IRS object ID
- 201741069349300504
- 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 | 2017-04-16T15:46:31-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALAN ZUMSTEIN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1032 CHETFORD DRIVE | AddressLine1Txt |
| City | LEXINGTON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40509 | 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 | 610294540 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Nolin Rural Electric Cooperative Corp | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NOLI | BusinessNameControlTxt |
| Phone | 2707656153 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411Ring Road | AddressLine1Txt |
| City | Elizabethtown | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael L Miller | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2017-04-16 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Alan Zumstein | PreparerPersonNm |
| PTIN | P00641130 | PTIN |
| Phone | 8592647147 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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) |
|---|---|---|
| Gross Receipts | $77,615,499 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.nolin.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 106 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $73,007,398 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $71,673,239 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,863,086 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,675,131 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,112,226 | PYOtherRevenueAmt |
| CY Other Revenue | $4,267,129 | CYOtherRevenueAmt |
| PY Total Revenue | $78,982,710 | PYTotalRevenueAmt |
| CY Total Revenue | $77,615,499 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,818,427 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,262,671 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,055,960 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $71,034,783 | PYOtherExpensesAmt |
| CY Other Expenses | $67,548,420 | CYOtherExpensesAmt |
| PY Total Expenses | $87,115,881 | PYTotalExpensesAmt |
| CY Total Expenses | $78,604,380 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$8,133,171 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$988,881 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $185,817,730 | TotalAssetsBOYAmt |
| Total Assets EOY | $186,889,850 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $118,323,959 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $120,802,895 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $67,493,771 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $66,086,955 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $78,604,380 | ExpenseAmt |
| Desc | Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. | Desc |
| Total Program Service Expenses | $78,604,380 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| 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 |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| 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 |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 106 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Members And Shr Gross Income | $71,673,239 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,447,239 | OtherSourcesGrossIncomeAmt |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | 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 | Yes (true) | 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 | Yes (true) | 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 | Sara Roberson VP Finance | PersonNm |
| Phone | 2707656153 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 Ring Road | AddressLine1Txt |
| City | Elizabethtown | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| David Brown | |||||||||
| Chairman | 3.70 | 0.00 | Yes (X) | Yes (X) | $23,659 | $0 | $0 | ||
| Gene Straney | |||||||||
| Vice Chairman | 2.10 | 0.00 | Yes (X) | Yes (X) | $18,634 | $0 | $0 | ||
| AL Rosenberger | |||||||||
| SEC/Treas | 2.30 | 0.00 | Yes (X) | Yes (X) | $19,101 | $0 | $0 | ||
| Lawrence Ireland | |||||||||
| Director | 2.40 | 0.00 | Yes (X) | $17,866 | $0 | $0 | |||
| Linda Grimes | |||||||||
| Director | 4.60 | 0.00 | Yes (X) | $23,134 | $0 | $0 | |||
| Raymond Thomas | |||||||||
| Director | 2.20 | 0.00 | Yes (X) | $22,834 | $0 | $0 | |||
| Michael Miller | |||||||||
| President/CEO | 40.00 | 0.00 | $252,555 | $0 | $19,197 | Yes (X) | |||
| Vincent Heuser | |||||||||
| VP Operations/Engineering | 40.00 | 0.00 | $202,003 | $0 | $18,675 | Yes (X) | |||
| Richard Ryan | |||||||||
| VP Member Svcs | 40.00 | 0.00 | $136,242 | $0 | $50,600 | Yes (X) | |||
| Greg Lee | |||||||||
| VP, Ft. Knox Operations | 40.00 | 0.00 | $118,214 | $0 | $46,519 | Yes (X) | |||
| Cheryl Thomas | |||||||||
| VP Office Services | 40.00 | 0.00 | $121,749 | $0 | $51,569 | Yes (X) | |||
| Russ Stanger | |||||||||
| Sr Line Tech | 40.00 | 0.00 | $106,744 | $0 | $38,177 | Yes (X) | |||
| Donald Propes | |||||||||
| Maintenance Super | 40.00 | 0.00 | $118,690 | $0 | $5,720 | Yes (X) | |||
| David Cox | |||||||||
| IT Manager | 40.00 | 0.00 | $106,277 | $0 | $47,070 | Yes (X) | |||
| David Johnston | |||||||||
| Ft Knox Team Lead | 53.00 | 0.00 | $106,264 | $0 | $39,584 | Yes (X) | |||
| Robert Sands | |||||||||
| Generation Super | 53.00 | 0.00 | $116,170 | $0 | $35,661 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,510,136 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $352,772 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | 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 |
|---|---|---|---|---|---|
| Asplundh Tree Expert company | |||||
| PO Box 532729 | Atlanta | GA | 30353 | ROW clearing | $2,167,754 |
| Trico Tiger Development LLC | |||||
| 8446 W Elder Rd | Alden | MI | 49612 | Power line construct | $1,977,669 |
| Hamilton Power Line Construction LLC | |||||
| PO Box 625 | Bardstown | KY | 40004 | Power line construct | $634,632 |
| TNT Construction Inc | |||||
| 486 Berrytown Rd | Rineyville | KY | 40162 | Underground construc | $191,295 |
| Bluegrass Septic Service LLC | |||||
| 12555 Hwy 60 | Guston | KY | 40142 | General construction | $163,413 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Electric maintenance | 221000 | $2,486,053 | $2,486,053 |
| Sale electricity | 221000 | $69,179,225 | $69,179,225 |
| Sale of electric applianc | 221000 | $7,961 | $7,961 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $71,673,239 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,675,131 | TotalRevenueColumnAmt |
| Exclusion | $1,675,131 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| G&T capital credit | 221000 | $3,495,021 | $3,495,021 |
| Joint use attachments | 221000 | $302,707 | $302,707 |
| Patronage capital assignd | 221000 | $385,220 | $385,220 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,181 | TotalRevenueColumnAmt |
| Exclusion | $84,181 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,267,129 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,615,499 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $71,673,239 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $5,942,260 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $955,992 | TotalAmt |
| Program Services | $955,992 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,706,328 | TotalAmt |
| Program Services | $6,706,328 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,515 | TotalAmt |
| Program Services | $1,515,515 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,300,700 | TotalAmt |
| Program Services | $1,300,700 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $577,425 | TotalAmt |
| Program Services | $577,425 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $401,954 | TotalAmt |
| Program Services | $401,954 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Program Services | $15,000 | ProgramServicesAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,223,798 | TotalAmt |
| Program Services | $3,223,798 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,569,860 | TotalAmt |
| Program Services | $4,569,860 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $422,864 | TotalAmt |
| Program Services | $422,864 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of power | $52,919,789 | $52,919,789 |
| Distribution - maintenance | $5,637,646 | $5,637,646 |
| Administrative and general | $4,690,601 | $4,690,601 |
| Distribution - operations | $4,165,464 | $4,165,464 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$8,498,556 | TotalAmt |
| Program Services | -$8,498,556 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,604,380 | TotalAmt |
| Program Services | $78,604,380 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,706,407 | BOYAmt |
| EOY | $1,580,543 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,979,448 | BOYAmt |
| EOY | $9,069,002 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,189,767 | BOYAmt |
| EOY | $58,910,646 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,077,448 | BOYAmt |
| EOY | $1,039,773 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,085 | BOYAmt |
| EOY | $27,798 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $115,036,709 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $43,183,652 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,754,993 | BOYAmt |
| EOY | $71,853,057 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,474,598 | BOYAmt |
| EOY | $42,169,233 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,607,984 | BOYAmt |
| EOY | $2,239,798 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,817,730 | BOYAmt |
| EOY | $186,889,850 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,205,309 | BOYAmt |
| EOY | $10,026,136 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,838,720 | BOYAmt |
| EOY | $96,911,558 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,279,930 | BOYAmt |
| EOY | $13,865,201 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,323,959 | BOYAmt |
| EOY | $120,802,895 | 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 | $275,020 | BOYAmt |
| EOY | $271,095 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,125,347 | BOYAmt |
| EOY | -$2,392,812 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,344,098 | BOYAmt |
| EOY | $68,208,672 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,493,771 | BOYAmt |
| EOY | $66,086,955 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,817,730 | BOYAmt |
| EOY | $186,889,850 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$988,881 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$417,935 | 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
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $115,036,709 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,183,652 | DepreciationAmt |
| Book Value | $71,853,057 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,853,057 | TotalBookValueLandBuildingsAmt |
| Total Book Value Program Rltd | $42,169,233 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Accrued expenses | $1,832,415 |
| Accumulated postretirement benefits | $6,467,665 |
| Consumer advances for construction | $285,558 |
| Consumer deposits | $2,279,563 |
| Short term notes payable | $3,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,865,201 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $77,615,499 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $77,615,499 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $77,615,499 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $78,604,380 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $78,604,380 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $78,604,380 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| Cheryl Thomas | |||
| VP Office Services | $121,749 | $51,569 | $173,318 |
| David Cox | |||
| IT Manager | $106,277 | $47,070 | $153,347 |
| Greg Lee | |||
| VP, Ft. Knox Operations | $118,214 | $46,519 | $164,733 |
| Michael Miller | |||
| President/CEO | $252,555 | $19,197 | $271,752 |
| Richard Ryan | |||
| VP Member Svcs | $136,242 | $50,600 | $186,842 |
| Robert Sands | |||
| Generation Super | $116,170 | $35,661 | $151,831 |
| Vincent Heuser | |||
| VP Operations/Engineering | $202,003 | $18,675 | $220,678 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Nominating committee meets every year to select member to run for director. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Nominating committee meets every year to select member to run for director. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Articles of Incorporation can only be changed by at least a 2/3 majority vote of the members. The Bylaws may be amended at any regular or special meeting of the Board of Directors, with a majority vote. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Directors are furnished a draft copy of the 990 prior to filing. May make inquiries of information contained in the filing. Additionally, directors meet with the independent auditor in a closed session and are able to ask questions at that time. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | A questionnaire is prepared by each director and key employee on an annual basis. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | 15.a and b. The Board receives compensation data from both local and national surveys. The Board uses this data, along with a performance review, to set compensation. Each Director evaluates the President/CEO performance annually. The Board has used, and occassionally does, use an independent Human Resource consulting firm to review the compensation and process. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Articles of Incorporation and Bylaws are given to each new member. Annual financial statements and information is given to each member through a member magazine, at the annual membership meeting, and the are available on the Kentucky Public Service Commission website. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Comprehensive income-postretirement ben = $732535 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Margins allocated to members = $0 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Memberships issued = -$3925 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Net loss = -$988881 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Other equities = $69575 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Refunds of capital credits = -$227239 |
| Form 990, Part IX, Line 4 - Benefits paid to or for members | Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book income and income reported on the Form 990 by the same amount. |