2016-10-28T12:04:11-05:00 2015-12-31 590548468 PURVIS GRAY & COMPANY LLP 443 EAST COLLEGE AVENUE TALLAHASSEE FL 32301 990 2015-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 P O BOX 1679 QUINCY FL 32353 SEAN ALDERMAN DIR OF FIN SVS 8506277651 2016-10-26 true RYAN M TUCKER CPA P00524189 8502247144 2016-10-26 2015 2017-02-10 21:41:12Z TRACY BENSLEY POST OFFICE BOX 1679 QUINCY FL 323531679 128817606 false X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 200 7804 6804 13380 15066 129772975 126476774 342913 1499765 7751 7804 130137019 127999409 13380 15066 2920826 3276336 1979187 2156235 0 0 121265955 120178928 126179348 125626565 3957671 2372844 256650476 254137938 149025680 143792812 107624796 110345126 TO PROVIDE ELECTRIC SERVICE TO MEMBERS false false TO PROVIDE ELECTRIC SERVICES TO MEMBERS. false false false false false false false false false true false true false true true false true false false false false false false false false false true false true false false false false false true false false false false false true true true false true 382 0 200 true true true false false false true true 122820601 4823498 false X 9 9 false false false false true true true true true false false true true true true true true true true false X SEAN ALDERMAN 8506277651 1640 WEST JEFFERSON STREET QUINCY FL 323512134 JOSEPH ALEXANDER SEC/TREASURE 9.00 9.00 X X 24150 0 0 CARRIE DURDEN PRESIDENT 13.00 13.00 X X 23935 0 0 BOBBY STRICKLAND TRUSTEE 7.00 7.00 X 23450 0 0 SAMUEL FENN TRUSTEE 5.00 5.00 X 22805 0 0 WILLIAM VANLANDINGHAM VICE PRESIDE 4.00 4.00 X X 17550 0 0 MALLORY GREEN TRUSTEE 3.00 3.00 X 16800 0 0 DAVID WRIGHT TRUSTEE 4.50 4.50 X 16250 0 0 DOUGLAS BRUCE TRUSTEE 3.00 3.00 X 16035 0 0 CLIFFORD BRISTOL TRUSTEE 3.00 3.00 X 15800 0 0 TRACY BENSLEY GENERAL MANA 27.50 27.50 X 306197 0 73413 SEAN ALDERMAN DIR OF FIN S 24.00 24.00 X 174245 0 51905 TIMOTHY WADDLE DIR. WATER S 0.00 45.00 X 194948 0 87744 KENNETH COWEN DIR. ADMIN S 45.00 2.00 X 192317 0 71623 JEREMY NELMS DIR. ENGINEE 50.00 X 183838 0 50227 DWIGHT CALLAHAN MANAGER OF I 40.00 2.00 X 159318 0 54021 DANE CLEMONS DIRECTOR OF 45.00 2.00 X 150934 0 34548 SUSAN VICKERS DIR. MEMBER 40.00 2.00 X 132835 0 61348 1671407 484829 14 false true false ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 TREE TRIMMING 2495705 TOWNSEND TREE SERVICE CO LLC PO BOX 7015 MUNCIE IN 47308 TREE TRIMMING 1148768 PIKE ELECTRIC INC PO BOX 1000 DEPT 517 MEMPHIS TN 381480517 ELECTRIC CONTR. 1058617 NELSON TREE SERVICE INC 4489 SOLUTIONS CENTER CHICAGO IL 606774004 TREE TRIMMING 1012404 THE DAVEY TREE EXPERT COMPANY PO BOX 92934 CLEVELAND OH 441942934 TREE TRIMMING 1000807 49 15066 15066 SALE ELECTRICITY 221000 122820601 122820601 CAPITAL CREDITS 900099 3039865 3039865 POLE RENTAL 221000 616308 616308 126476774 386604 386604 10062 2258 7804 7804 7804 1929100 815939 1113161 1113161 1113161 127999409 123933762 7804 4042777 15066 3276336 1065227 1091008 5393104 7977392 COST OF POWER 79025619 DISTRIB. EXPENSE -MAINTEN 11190905 ADMINISTRATIVE AND GENERA 6988367 DISTRIB. EXPENSE - OPERAT 6655504 2948037 125626565 0 0 0 6909368 5907218 14621330 13050453 4923213 694310 1548991 1546659 7495431 2679465 257001741 75227096 174725326 181774645 46426817 48485188 256650476 254137938 12047707 10165566 123201115 121390939 13776858 12236307 149025680 143792812 X 208840 208695 1071318 1418949 106344638 108717482 107624796 110345126 256650476 254137938 X 2372844 347486 X false true X true true true 2588128 2588128 9551555 3726229 5825326 236304724 71500867 164803857 8557334 8557334 181774645 PATRONAGE CAPITAL 26755387 C INVESTMENT IN TALQUIN WATER & WW 21729801 C 48485188 ACCUMULATED POSTRETIREMENT BENEFITS 4557483 DEFERRED CREDIT 4223324 CUSTOMER DEPOSITS 3455500 12236307 X 127986601 2258 2258 127984343 15066 15066 127999409 122337421 2258 2258 122335163 3291402 3291402 125626565 SCHEDULE D, PAGE 3, PART X UNDER ACCOUNTING STANDARDS (ASC) SECTION 740, INCOME TAXES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE COMPANIES ARE GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. INTEREST OR PENALTIES ON UNRECOGNIZED TAX BENEFITS, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D LEASE REVENUES NETTED AGAINST EXPENSES 2,258 SCHEDULE D, PAGE 4, PART XI, LINE 4B REVENUE RELATED TO TALQUIN ASSISTANCE PROGRAM 15,066 SCHEDULE D, PAGE 4, PART XII, LINE 2D LEASE EXPENSES NETTED ON RETURN 2,258 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES RELATED TO TALQUIN ASSISTANCE PROGRAM 15,066 RETIREMENT OF CAPITAL BENEFITS PAID TO MEMBERS 3,276,336 false CAPITAL AREA COMMUNITY ACTION 309 OFFICE PLAZA DRIVE TALLAHASSEE FL 32301 591117362 501C3 15066 CASH SEE SCH I, PART IV 1 SCHEDULE I, PAGE 4, PART IV TALQUIN ELECTRIC COOPERATIVE, INC. PROVIDES FINANCIAL ASSISTANCE TO WORTHY CAUSES IN THE ORGANIZATION'S SERVICE AREA THAT DISTRIBUTE AID FOR UTILITY RELATED PAYMENTS. X X X false false false TRACY BENSLEY GENERAL MANAGER 302982 2333 882 47488 25925 379610 SEAN ALDERMAN DIR OF FIN SVS 171569 2262 414 27665 24240 226150 TIMOTHY WADDLE DIR. WATER SVS 191054 2429 1465 64542 23202 282692 KENNETH COWEN DIR. ADMIN SVS 185753 2388 4176 54333 17290 263940 JEREMY NELMS DIR. ENGINEERING SVS 181248 2339 251 25779 24448 234065 DWIGHT CALLAHAN MANAGER OF INFO SVS 156743 2172 403 29824 24197 213339 DANE CLEMONS DIRECTOR OF IT 148147 2172 615 32221 2327 185482 SUSAN VICKERS DIR. MEMBER SERVICES 130284 2027 524 44604 16744 194183 SEE PART V FOR MORE DETAIL false SEMINOLE ELECTRIC COOPERATIVE INC SEE PART V PURCHASE POWER false SCHEDULE L, PART V SCHEDULE L, PART IV, LINE 1: THE BOARD OF TRUSTEES FOR TALQUIN ELECTRIC COOPERATIVE, INC. AND TALQUIN WATER AND WASTEWATER, INC., A RELATED PARTY, ARE COMPRISED OF THE SAME INDIVIDUALS. SCHEDULE L, PART IV, LINE 2, COLUMN (B): GENERAL MANAGER TRACY BENSLEY AND TRUSTEES CARRIE DURDEN AND SAMUEL FENN SERVE ON THE SEMINOLE ELECTRIC COOPERATIVE, INC'S BOARD OF TRUSTEES. FORM 990 THE IRS' INSTRUCTIONS FOR THE 2015 VERSION OF THE FORM 990 STATE: THE INSTRUCTIONS CLARIFY THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C) (12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4..." OF PART IX, STATEMENT OF FUNCTIONAL EXPENSES. LINE 4 IS TITLED "BENEFITS PAID TO OR FOR MEMBERS." SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS CONTINUE REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER "PATRONAGE DIVIDENDS PAID" MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED FINANCIAL STATEMENT OF REVENUE AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2015 AND OTHER BENEFITS PAID TO MEMBERS IN THE AMOUNT OF 3,276,336 PART IX- STATEMENT OF FUNCTIONAL EXPENSES LINE 24 THE IRS' INSTRUCTIONS FOR THE 2015 VERSION OF THE FORM 990 STATE: THE ORGANIZATION MUST SEPARATELY REPORT THE AMOUNT, IF ANY, OF UNRELATED BUSINESS INCOME TAXES THAT IT PAID OR ACCRUED DURING THE TAX YEAR ON LINE 24. TALQUIN ELECTRIC ACCRUED 23 AS REPORTED ON THE FORM 990T. FORM 990, PAGE 6, PART VI, LINE 6 THE TALQUIN ELECTRIC COOPERATIVE, INC. MEMBERSHIP IS COMPRISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR BODY POLITIC OR SUBDIVISION WHO AGREES TO (1) PURCHASE UTILITY SERVICES FROM THE COOPERATIVE, (2) COMPLY WITH THE ARTICLES OF INCORPORATION AND BY-LAWS, AND (3) PAY THE MEMBERSHIP FEE. FORM 990, PAGE 6, PART VI, LINE 7A A NOMINATING COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES TO NOMINATE AT LEAST 3 CANDIDATES FOR ROTATING 3-YEAR TERMS ON THE BOARD. ANY MEMBER WISHING TO BE NOMINATED CAN OBTAIN 15 MEMBERS' SIGNATURES TO BE PRESENTED TO THE NOMINATING COMMITTEE AND PLACED ON THE BALLOT AT THE ANNUAL MEETING, IF THEY MEET THE QUALIFICATIONS TO SERVE. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS. THE MEMBERS MUST ALSO APPROVE ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHORITY HAS NOT BEEN GRANTED BY THE GOVERNING DOCUMENTS. FORM 990, PAGE 6, PART VI, LINE 11B EACH BOARD MEMBER RECEIVED A COPY OF THE FINAL 990 THROUGH ELECTRONIC MAIL PRIOR TO FILING THE RETURN. THE DIRECTOR OF FINANCIAL SERVICES REVIEWS AND APPROVES THE RETURN PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY OF TALQUIN ELECTRIC COOPERATIVE, INC. COVERS DIRECTORS, OFFICERS, AND KEY EMPLOYEES. CONFLICTS MUST BE DISCLOSED TO THE PRESIDENT OR MANAGER IMMEDIATELY AND ARE RELAYED TO THE BOARD OF DIRECTORS. THE INDIVIDUAL IS GIVEN 30 DAYS TO COMPLY WITH THE POLICY OR BE REMOVED FROM THEIR POSITION. FORM 990, PAGE 6, PART VI, LINE 15A THE GENERAL MANAGER'S SALARY IS SET BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE RECOMMENDS THE SALARY BASED ON NATIONAL SURVEYS. THE FULL BOARD OF TRUSTEES APPROVES THE GENERAL MANAGER'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS SET BY THE GENERAL MANAGER. COMPENSATION STUDIES FOR POSITIONS IN SIMILAR INDUSTRIES ARE USED AS A BASIS FOR COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI PART XI, RECONCILIATION OF NET ASSETS, LINE 9 FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIP -145 CHANGE IN OTHER EQUITIES 231,627 CHANGE IN ACCUMULATED OTHER COMP INCOME 116,004 RETIREMENT OF CAPITAL CREDITS -3,276,336 PATRONAGE CAPITAL BENEFITS PAID 3,276,336 TOTAL 347,486 TALQUIN WATER AND WASTEWATER INC 1640 WEST JEFFERSON STREET QUINCY FL 32351 204787395 COOPERATIV FL 501C12 SEE PT VII false true false false true false false false false false false false false false true true false true false false TALQUIN WATER AND WASTEWATER INC D 694310 CASH VALUE TALQUIN WATER AND WASTEWATER INC Q 1125000 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 147679 CASH VALUE SCHEDULE R SCHEDULE R, PART II, LINE 1, COLUMN (F): TALQUIN ELECTRIC COOPERATIVE, INC. IS THE DIRECT CONTROLLING ENTITY OF TALQUIN WATER AND WASTEWATER, INC.