2016-09-30T07:14:33-05:00 2016-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2015-07-01 630182345 SAND MOUNTAIN ELECTRIC COOPERATIVE SAND 2566382153 P O BOX 277 RAINSVILLE AL 35986 MARK MALONE CFO/MANAGER OF FINANCE 2566382153 2016-09-27 1 JERRY SMITH CPA P00104258 4237567771 2016-09-27 2015 2017-02-10 21:41:12Z MARK MALONE 402 MAIN STREET WEST RAINSVILLE AL 35986 69871982 0 X WWW.SMEC.COOP X 1940 AL THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS 9 9 77 0 0 0 0 0 72803373 68334411 411858 629530 890445 908041 74105676 69871982 0 0 0 0 6159493 6140599 0 0 0 66202109 62966852 72361602 69107451 1744074 764531 109532057 109725419 51663259 50692005 57868798 59033414 TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES. 0 0 68506315 TO PROVIDE ELECTRICITY TO ITS 30,997 CONSUMERS. 68506315 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 77 1 0 0 0 0 0 68334411 1168435 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK MALONE 2566382153 402 MAIN STREET WEST RAINSVILLE AL 35986 DAVID HENDERSON PRESIDENT 5.00 X 15830 0 0 LARRY G GODWIN VICE-PRESIDENT 4.00 X 18428 0 0 R LEE BAILEY SECRETARY/TREASURER 4.00 X 14260 0 0 JAMES P CARMICHAEL TRUSTEE 3.00 X 12188 0 0 LEO BOMIAN TRUSTEE 3.00 X 18010 0 0 ROLAND HENDON TRUSTEE 3.00 X 19080 0 0 JAMIE BOWMAN TRUSTEE 3.00 X 16580 0 0 RAYMOND LONG TRUSTEE 3.00 X 17962 0 0 DANNY LACEY TRUSTEE 3.00 X 12354 0 0 MIKE SIMPSON CEO/GENERAL MANAGER 50.00 X X 245395 0 205308 MARK MALONE CFO/MANAGER OF FINANCE 50.00 X X 148368 0 67697 KEVIN ANDERSON MANAGER OF OPERATIONS AND ENGINEERING 50.00 X 155426 0 88412 BOYD GRABEN MANAGER OF SAFETY, REGULAT 50.00 X 124499 0 57916 DIANE B HALE MANAGER OF MEMBER SERVICES 50.00 X 116731 0 56304 BILLY R CLANTON MAINTENANCE SUPERVISOR 50.00 X 118377 0 56450 JOE REED ENGINEERING SUPERVISOR 50.00 X 108697 0 70340 JERRY MASON FORMER TRUSTEE 0.00 X 3662 0 0 1165847 0 602427 12 1 1 0 BUFORD'S TREE INC 4230 CHOCTAW TRAIL ANNISTON AL 36206 RIGHT OF WAY CLEARING 635744 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 DATA PROCESSING SERVICES 418934 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 275335 OSMOSE UTILITIES SERVICE PO BOX BUFFALO NY 14267 POLE TESTING 147948 SOLOMON CORPORATION PO BOX 245 SOLOMON KS 67480 SELL/REBUILD TRANSFORMERS 103276 5 ELECTRIC SALES 221000 68334411 68334411 68334411 629530 629530 908041 0 908041 908041 908041 69871982 69871982 0 0 393763 5746836 1620810 4502139 COST OF POWER 48759757 DISTRIBUTION - MAINTENA 3881943 DISTRIBUTION - OPERATIO 2694045 TAX EXPENSE 2543165 -1035007 69107451 1510113 695189 7643891 7303127 553810 575705 5422065 4807481 140366263 47342743 90863040 93023520 2454916 2501079 1084222 819318 109532057 109725419 11581406 11700071 35327995 34476549 4753858 4515385 51663259 50692005 X 473940 481660 0 0 57394858 58551754 57868798 59033414 109532057 109725419 X 764531 400085 X X 0 1 X 1 0 150374 150374 3285808 1235236 2050572 135578874 46107507 89471367 1351207 1351207 93023520 CUSTOMER DEPOSITS 2638532 POSTRETIREMENT BENEFIT OBLIGATION 1876853 4515385 X 69871982 0 69871982 0 69871982 69107451 0 69107451 0 69107451 PART X, LINE 2: NOTE 11 UNCERTAIN TAX POSITIONS THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. THE COOPERATIVE HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE COOPERATIVE'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2013 THROUGH JUNE 30, 2016, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2016. PART VI, LINE 1E OTHER FIXED ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS X X X 0 0 0 MIKE SIMPSON CEO/GENERAL MANAGER 245395 0 0 0 0 0 203635 0 1673 0 450703 0 0 0 MARK MALONE CFO/MANAGER OF FINANCE 148368 0 0 0 0 0 66024 0 1673 0 216065 0 0 0 KEVIN ANDERSON MANAGER OF OPERATIONS AND ENGINEERIN 155426 0 0 0 0 0 77963 0 10449 0 243838 0 0 0 BOYD GRABEN MANAGER OF SAFETY, REGULAT 124499 0 0 0 0 0 47467 0 10449 0 182415 0 0 0 DIANE B HALE MANAGER OF MEMBER SERVICES 116731 0 0 0 0 0 45855 0 10449 0 173035 0 0 0 BILLY R CLANTON MAINTENANCE SUPERVISOR 118377 0 0 0 0 0 54777 0 1673 0 174827 0 0 0 JOE REED ENGINEERING SUPERVISOR 108697 0 0 0 0 0 68667 0 1673 0 179037 0 0 0 JERRY MASON FORMER TRUSTEE 3662 0 0 0 0 0 0 0 0 0 3662 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 30,997 CONSUMERS TO WHOM IT PROVIDES ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF SAND MOUNTAIN ELECTRIC COOPERATIVE ELECT THE BOARD OF DIRECTORS THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION A, LINE 7B VOTE OF MEMBERS IS REQUIRED TO ELECT TRUSTEES, CHANGE BY-LAWS, APPROVE CERTAIN PROPERTY SALES AND APPROVE SOME LIMITED OTHER ISSUES. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES AND TRUSTEES ARE REQUIRED TO FILL OUT TWO SEPARATE QUESTIONNAIRES ANNUALLY DISCLOSING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SETS THE GENERAL MANAGER'S COMPENSATION SEPARATELY FROM THE OTHER EMPLOYEES AFTER REVIEWING AREA (ALABAMA RURAL ELEC. ASSOC.) SALARY SURVEYS. THE GM HAS A WRITTEN EMPLOYMENT CONTRACT. THE OTHER OFFICERS, KEY EMPLOYEES (LISTED MANAGERS) SALARY IS SET BY THE BOARD WITH A RECOMMENDATION FROM THE GM. THEY USE THE AREA SALARY SURVEY IN THE PROCESS. ALL OF OUR EMPLOYEE PAY RATES ARE SET BY THE BOARD. THE MAJORITY ARE UNDER A UNION CONTRACT THAT IS NEGOTIATED BY A COMMITTEE OF THE BOARD AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK (MEMBERSHIPS) 7,720. OTHER COMPREHENSIVE INCOME - APBO 392,365. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. PG. 10, PART IX, LINE 24E, OTHER EXPENSES FOR PRESENTATION PURPOSES, $6,140,599 WAS RECLASSIFIED TO SALARIES AND WAGES TO GIVE A MORE ACCURATE FIGURE. A LARGE AMOUNT OF SALARIES EXPENSE IS CAPITALIZED INTO PLANT DURING THE YEAR WHICH LEAVES THE SALARIES AND WAGES EXPENSE AMOUNT UNDERSTATED. SINCE WE RECLASSIFIED THIS AMOUNT ON PART IX, OTHER EXPENSES SHOWS A NEGATIVE BALANCE.