DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 62-0186725)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2016-11-04
- IRS object ID
- 201613099349301771
- Schema version
- 2015v2.1
- 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 | 2016-11-04T15:26:55-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 620808829 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINNETT ASSOCIATES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 745 | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 371620745 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620186725 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DUCK RIVER ELECTRIC MEMBERSHIP CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DUCK | BusinessNameControlTxt |
| Phone | 9316844621 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 89 | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37162 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHELIA ORRELL | PersonNm |
| Person Title | DIRECTOR OF ACCT SVC | PersonTitleTxt |
| Phone | 9316844621 | PhoneNum |
| Signature | 2016-10-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICK R LILE | PreparerPersonNm |
| PTIN | P01067422 | PTIN |
| Phone | 9316847142 | PhoneNum |
| Preparation | 2016-10-13 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL WATSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 89 | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37162 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $180,510,093 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | DREMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | RURAL ELECTRIC DISTRIBUTION TO 73,557 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 179 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $187,416,613 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $178,901,365 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,022,102 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,437,485 | CYInvestmentIncomeAmt |
| PY Other Revenue | $143,212 | PYOtherRevenueAmt |
| CY Other Revenue | $136,502 | CYOtherRevenueAmt |
| PY Total Revenue | $188,581,927 | PYTotalRevenueAmt |
| CY Total Revenue | $180,475,352 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,851,446 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,235,673 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,545,034 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,982,756 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $172,185,447 | PYOtherExpensesAmt |
| CY Other Expenses | $165,256,923 | CYOtherExpensesAmt |
| PY Total Expenses | $188,581,927 | PYTotalExpensesAmt |
| CY Total Expenses | $180,475,352 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $240,112,879 | TotalAssetsBOYAmt |
| Total Assets EOY | $238,173,647 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $136,937,490 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $135,603,192 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $103,175,389 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $102,570,455 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE COOPERATIVE EXISTS TO DELIVER RELIABLE ELECTRICITY AT THE LOWEST POSSIBLE COST, TO PROMOTE ECONOMIC DEVELOPMENT AND TO ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $180,475,352 | ExpenseAmt |
| Desc | PROVIDING ELECTRIC SERVICE TO 73,557 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936. | Desc |
| Total Program Service Expenses | $180,475,352 | 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 | 94 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 179 | 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 | $177,457,330 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,573,987 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | 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 |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHELIA R ORRELL | PersonNm |
| Phone | 9316844621 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 LEARNING WAY | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37160 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JAMES BRENT WILLIS | |||||||
| CHAIRMAN | 5.05 | Yes (X) | Yes (X) | $17,340 | $0 | $0 | |
| LAURA WILLIS | |||||||
| DIRECTOR | 5.77 | Yes (X) | $13,420 | $0 | $0 | ||
| JOHN MOSES | |||||||
| TREASURER | 4.83 | Yes (X) | Yes (X) | $13,040 | $0 | $0 | |
| BUFORD JENNINGS | |||||||
| VICE CHAIRMA | 4.31 | Yes (X) | Yes (X) | $12,440 | $0 | $0 | |
| BARRY COOPER | |||||||
| SECRETARY | 4.44 | Yes (X) | Yes (X) | $11,500 | $0 | $0 | |
| WAYNE TUCKER | |||||||
| DIRECTOR | 2.91 | Yes (X) | $11,420 | $0 | $0 | ||
| MIKE ENGLAND | |||||||
| DIRECTOR | 4.46 | Yes (X) | $11,020 | $0 | $0 | ||
| KENNETH STACEY | |||||||
| DIRECTOR | 3.19 | Yes (X) | $10,840 | $0 | $0 | ||
| PHILIP DUNCAN | |||||||
| DIRECTOR | 4.92 | Yes (X) | $10,320 | $0 | $0 | ||
| ROBERT DUBOIS | |||||||
| DIRECTOR | 2.69 | Yes (X) | $9,580 | $0 | $0 | ||
| ANTHONY KIMBROUGH | |||||||
| DIRECTOR | 3.31 | Yes (X) | $9,050 | $0 | $0 | ||
| BAXTER WHITE | |||||||
| DIRECTOR | 2.15 | Yes (X) | $9,040 | $0 | $0 | ||
| NELSON CROUCH | |||||||
| DIRECTOR | 3.24 | Yes (X) | $8,560 | $0 | $0 | ||
| MICHAEL WATSON | |||||||
| PRESIDENT AN | 50.00 | Yes (X) | $239,962 | $0 | $85,110 | ||
| SHELIA ORRELL | |||||||
| DIRECTOR OF | 47.00 | Yes (X) | $133,422 | $0 | $51,227 | ||
| STEVE ODEN | |||||||
| DIRECTOR OF | 55.00 | $151,969 | $0 | $37,179 | Yes (X) | ||
| DAVID YOUNG | |||||||
| DISTRICT MAN | 45.00 | $142,821 | $0 | $37,700 | Yes (X) | ||
| BLAKE BUTLER | |||||||
| DIRECTOR OF | 44.00 | $142,088 | $0 | $49,640 | Yes (X) | ||
| PATRICK JORDAN | |||||||
| DIRECTOR OF | 45.00 | $133,437 | $0 | $20,527 | Yes (X) | ||
| MARK BROTHERS | |||||||
| WORKING FORE | 53.00 | $128,124 | $0 | $37,010 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,219,393 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $318,393 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 18 | 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 |
|---|---|---|---|---|---|
| SERVICE ELECTRIC COMPANY | |||||
| P O BOX 277790 | ATLANTA | GA | 30384 | METER READ/CREW | $2,214,791 |
| T&D SOLUTIONS LLC | |||||
| PO BOX 11948 | ALEXANDRIA | LA | 71315 | LINE CONSTRUCTI | $1,584,998 |
| WOLF TREE INC | |||||
| PO BOX 74071 | CLEVELAND | OH | 44194 | TREE TRIMMING | $1,446,015 |
| SAIN CONSTRUCTION | |||||
| 713 VINCENT ST | MANCHESTER | TN | 37355 | CONSTRUCTION | $777,611 |
| ABC PROFESSIONAL TREE SERVICES INC | |||||
| 201 FLINT RIDGE RD SUITE 201 | WEBSTER | TX | 77598 | TREE TRIMMING | $386,310 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | $174,680,905 | $174,680,905 | |
| MISCELLANEOUS | 221000 | $2,776,425 | $2,776,425 | |
| POLE RENTAL | 531190 | $1,444,035 | $1,444,035 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $178,901,365 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $941,812 | TotalRevenueColumnAmt |
| Exclusion | $941,812 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $530,414 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $34,741 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $495,673 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $495,673 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $495,673 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PATRONAGE CAPITAL REFUND | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $136,502 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $136,502 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $136,502 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $180,475,352 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $178,089,505 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,385,847 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,235,673 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687,720 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,071,416 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,426,346 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,167,805 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $629,469 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,353 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,690 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,047 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,890 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $398,658 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,423 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,149 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,739,149 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,612,501 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,709 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF ELECTRICITY SOLD | $135,667,517 |
| DISTRIB. MAINTENANCE EXP. | $5,202,887 |
| DISTRIB. OPERATIONS EXP. | $4,023,646 |
| CUSTOMER ACCOUNTS EXPENSE | $2,720,339 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,237,965 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,475,352 | 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 | $1,623,491 | BOYAmt |
| EOY | $1,750,096 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,984,143 | BOYAmt |
| EOY | $35,406,946 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,681,437 | BOYAmt |
| EOY | $12,058,559 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,529,883 | BOYAmt |
| EOY | $1,422,107 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,195,308 | BOYAmt |
| EOY | $4,921,709 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $263,078,260 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $87,730,716 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,232,234 | BOYAmt |
| EOY | $175,347,544 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,866,383 | BOYAmt |
| EOY | $7,266,686 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,112,879 | BOYAmt |
| EOY | $238,173,647 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,008,552 | BOYAmt |
| EOY | $27,955,864 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,414,570 | BOYAmt |
| EOY | $80,262,163 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,514,368 | BOYAmt |
| EOY | $27,385,165 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,937,490 | BOYAmt |
| EOY | $135,603,192 | 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 | $758,140 | BOYAmt |
| EOY | $766,040 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,417,249 | BOYAmt |
| EOY | $101,804,415 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,175,389 | BOYAmt |
| EOY | $102,570,455 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,112,879 | BOYAmt |
| EOY | $238,173,647 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$604,934 | 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) |
|---|---|---|
| Other Cost Or Other Basis | $2,036,691 | OtherCostOrOtherBasisAmt |
| Book Value | $2,036,691 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,001,980 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,997,005 | DepreciationAmt |
| Book Value | $15,004,975 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,235,265 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,650,684 | DepreciationAmt |
| Book Value | $3,584,581 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $226,804,324 | OtherCostOrOtherBasisAmt |
| Depreciation | $72,083,027 | DepreciationAmt |
| Book Value | $154,721,297 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $175,347,544 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| POSTRETIREMENT BENEFITS | $15,547,946 |
| CUSTOMER DEPOSITS | $7,213,459 |
| OTHER LIABILITIES | $3,259,406 |
| ADVANCES FOR CONSTRUCTION | $1,364,354 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $27,385,165 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $180,475,352 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $180,475,352 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $180,475,352 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $179,239,679 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $179,239,679 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,235,673 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,235,673 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $180,475,352 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | NET MARGINS ALLOCATED TO MEMBERS: 1,235,673 |
| SCHEDULE D, PAGE 4, PART XIII | NET MARGINS ALLOCATED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THESE MEMBER- ALLOCATED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| MICHAEL WATSON | |||||
| PRESIDENT AND CEO | $229,481 | $10,481 | $74,862 | $10,248 | $325,072 |
| SHELIA ORRELL | |||||
| DIRECTOR OF ACCT SVC | $129,555 | $3,867 | $41,687 | $9,540 | $184,649 |
| STEVE ODEN | |||||
| DIRECTOR OF MEMBER S | $148,992 | $2,977 | $28,875 | $8,304 | $189,148 |
| DAVID YOUNG | |||||
| DISTRICT MANAGER | $136,033 | $6,788 | $28,131 | $9,569 | $180,521 |
| BLAKE BUTLER | |||||
| DIRECTOR OF ENGINEER | $140,249 | $1,839 | $40,071 | $9,569 | $191,728 |
| PATRICK JORDAN | |||||
| DIRECTOR OF OPERATIO | $132,844 | $593 | $12,342 | $8,185 | $153,964 |
| MARK BROTHERS | |||||
| WORKING FOREMAN | $127,131 | $993 | $27,830 | $9,180 | $165,134 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS. SCHEDULE J, PART I, LINE 4B - DEFERRAL OF COMPENSATION MAY BE MADE BY CERTAIN EMPLOYEES CONSIDERED EXECUTIVES. THE COOPERATIVE DOES NOT MAKE CONTRIBUTIONS TO, NOR INCUR ANY COSTS OF, THE PLAN. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS MEMBERS THAT PAY A 10 MEMBERSHIP FEE WHEN ESTABLISHING METERED SERVICE FOR ELECTRICITY. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS ARE ENTITLED TO VOTE FOR THE DIRECTORS ON THE BALLOT WHO REPRESENT THE SERVICE AREA IN WHICH THE MEMBERS RESIDE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | DECISIONS TO SELL THE COOPERATIVE REQUIRE MEMBER APPROVAL. CHANGES TO THE BYLAWS MAY BE SUBMITTED FOR MEMBERS APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE COOPERATIVE'S BOARD MEMBERS COMPLETED QUESTIONNAIRES WHICH WERE THEN USED FOR COMPLETION OF IRS FORM 990. THE BOARD ALSO REVIEWED THE COOPERATIVE'S PRIOR YEAR IRS FORM 990, INFORMATION REGARDING CHANGES BY THE IRS FOR THE CURRENT YEAR, IF ANY, AND A COMPLETED IRS FORM 990 FOR THE CURRENT YEAR AT A SERIES OF BOARD MEETINGS, THE LAST OF WHICH WAS HELD ON OCTOBER 19, 2016. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL BOARD MEMBERS COMPLETED A QUESTIONNAIRE ON VARIOUS MATTERS TO BE USED IN COMPLETING IRS FORM 990. THE QUESTIONNAIRES CONTAINED QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST THAT WOULD REQUIRE DISCLOSURE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY THE BOARD BASED UPON RECOMMENDATIONS FROM A COMMITTEE CONSISTING OF BOARD OFFICERS AND DIRECTORS. THE COMMITTEE AND THE BOARD RELY ON STUDIES AND REVIEWS PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT SELECTED BY THE BOARD, AS WELL AS ON DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS AND SURVEYS PERFORMED AT THE COMMITTEE'S REQUEST. THE BOARD, BASED ON RECOMMENDATIONS FROM THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE, SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS SUCH AS THE COOPERATIVE'S BYLAWS ARE PROVIDED TO EACH NEW MEMBER REQUESTING ELECTRIC SERVICE. GOVERNING DOCUMENTS ARE PROVIDED TO ANY CURRENT MEMBERS WHO REQUEST SUCH DOCUMENTS AT THE COOPERATIVE'S OFFICES. THE GOVERNING DOCUMENTS ARE ALSO POSTED AND AVAILABLE TO ALL MEMBERS AND THE GENERAL PUBLIC ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE, WHICH IS A MONTHLY PERIODICAL PROVIDED TO THE COOPERATIVE'S MEMBERSHIP. THE ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVE'S ANNUAL MEETING. THE COOPERATIVE'S CONFLICT OF INTEREST POLICIES ARE ALSO POSTED ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PART XI, LINE 9 | ACTUARIAL LOSS-POSTRETIREMENT BEN OBLIG.-PENSION -3,405,193 ACTUARIAL GAIN-POSTRETIREMENT BEN. OBLIG. - HEALTH 128,035 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 141,158 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 200,176 INCREASE IN MEMBERSHIPS 7,900 RETIREE HEALTH PLAN AMENDMENT -227,548 SETTLEMENT LOSS-PENSION PLAN 1,380,150 NET MARGINS ALLOCATED TO MEMBERS 1,235,673 AMORTIZATION-RETIREE HEALTH COST-SHARE PLAN -65,285 TOTAL -604,934 |