PLATEAU ELECTRIC COOPERATIVE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- PLATEAU ELECTRIC COOPERATIVE (EIN 62-0326835)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2016-11-14
- IRS object ID
- 201643199349302269
- 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 | 2016-11-14T08:37:52-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621170651 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN JAKE & MCDANIEL PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2607 KINGSTON PIKE SUITE 110 | AddressLine1Txt |
| City | KNOXVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 379193336 | 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 | 620326835 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLATEAU ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PLAT | BusinessNameControlTxt |
| Phone | 4235698591 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4669 | AddressLine1Txt |
| City | ONEIDA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 378414669 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | W DAVE CROSS | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4235698591 | PhoneNum |
| Signature | 2016-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FRANK D MCDANIEL CPA | PreparerPersonNm |
| PTIN | P00286555 | PTIN |
| Phone | 8656378600 | PhoneNum |
| Preparation | 2016-11-14 | PreparationDt |
| 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 | W DAVE CROSS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4669 | AddressLine1Txt |
| City | ONEIDA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 378414669 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,441,780 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PLATEAUELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 51 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $35,908,597 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $35,233,101 | CYProgramServiceRevenueAmt |
| PY Investment Income | $206,546 | PYInvestmentIncomeAmt |
| CY Investment Income | $208,679 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $36,115,143 | PYTotalRevenueAmt |
| CY Total Revenue | $35,441,780 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,735,677 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,742,214 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $31,234,006 | PYOtherExpensesAmt |
| CY Other Expenses | $30,302,654 | CYOtherExpensesAmt |
| PY Total Expenses | $34,969,683 | PYTotalExpensesAmt |
| CY Total Expenses | $34,044,868 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,145,460 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,396,912 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $58,154,176 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,286,849 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $24,152,739 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,888,541 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $34,001,437 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $35,398,308 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PLATEAU ELECTRIC COOPERATIVE WAS FORMED IN 1939 AS A MEMBER-OWNED COOPERATIVE. PEC SERVES APPROXIMATELY 1,758 LINE MILES AND IS HEADQUARTERED IN ONEIDA, TENNESSEE, WITH A DISTRICT OFFICE IN WARTBURG, TENNESSEE. PEC EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. THE COOPERATIVE PURCHASES POWER FROM THE TENNESSEE VALLEY AUTHORITY AT WHOLESALE AND SUPPLIES ABOUT 16,945 MEMBERS. | Desc |
| 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 | Yes (true) | 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 | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 51 | 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 | $33,815,422 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,626,358 | 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 | 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 |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RYAN KEETON | PersonNm |
| Phone | 4235698591 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4669 | AddressLine1Txt |
| City | ONEIDA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 378414669 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| JIM LITTON | ||||||
| PRESIDENT | 13.70 | Yes (X) | Yes (X) | $26,250 | $0 | $0 |
| TIM FREELS | ||||||
| VICE PRESIDE | 8.30 | Yes (X) | Yes (X) | $19,250 | $0 | $0 |
| BILL HALL | ||||||
| SECRETARY | 8.30 | Yes (X) | Yes (X) | $18,200 | $0 | $0 |
| MARK KLINE | ||||||
| TREASURER | 4.70 | Yes (X) | Yes (X) | $10,850 | $0 | $0 |
| LEE ARMSTRONG | ||||||
| DIRECTOR | 9.60 | Yes (X) | $18,550 | $0 | $0 | |
| BRIAN BOYATT | ||||||
| DIRECTOR | 8.40 | Yes (X) | $18,550 | $0 | $0 | |
| VIC DAVIS | ||||||
| DIRECTOR | 11.50 | Yes (X) | $23,800 | $0 | $0 | |
| HARRY GOSNELL | ||||||
| DIRECTOR | 8.10 | Yes (X) | $17,150 | $0 | $0 | |
| STEVE LAMBERT | ||||||
| DIRECTOR | 7.30 | Yes (X) | $14,700 | $0 | $0 | |
| W DAVE CROSS | ||||||
| CEO | 40.00 | Yes (X) | $136,450 | $0 | $56,583 | |
| JOEL K MCCARTT | ||||||
| ASST MGR/DIR | 40.00 | Yes (X) | $114,150 | $0 | $44,102 | |
| RYAN KEETON | ||||||
| CFO | 40.00 | Yes (X) | $83,937 | $0 | $20,403 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $501,837 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $121,088 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | 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 |
|---|---|---|---|---|---|
| GALLOWAY CONSTRUCTION LLC | |||||
| PO BOX 69 | SUNBRIGHT | TN | 37872 | CUT/CLEARING | $598,159 |
| STUART C IRBY CO | |||||
| PO BOX 741001 | ATLANTA | GA | 30384 | SUPPLIES | $397,949 |
| ALTEC INDUSTRIES INC | |||||
| 210 INVERNESS CENTER DRIVE | BIRMINGHAM | AL | 35242 | EQUIPMENT/SVC | $283,763 |
| TEREX SERVICES | |||||
| 62831 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | VEHICLES/SVCE | $266,255 |
| ANIXTER INC | |||||
| 2301 PATRIOT BLVD | GLENVIEW | IL | 60026 | SUPPLIES | $226,273 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRIC ENERGY | 221000 | $33,815,422 | $33,815,422 |
| RENT FROM ELECTRIC PROPERTY | 221000 | $1,051,205 | $1,051,205 |
| SERVICE CHARGES AND FEES | 221000 | $366,474 | $366,474 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,233,101 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $208,679 | TotalRevenueColumnAmt |
| Exclusion | $208,679 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,441,780 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,233,101 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $208,679 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,576 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,928,206 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,639 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $714,937 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,856 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,529 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,888 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,354 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,320 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,375 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,444 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $744,402 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,384,943 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,295 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| POWER PURCHASED | $23,802,320 |
| MAINTENANCE EXPENSE | $838,120 |
| DISTRIBUTION EXPENSE | $702,972 |
| STATION EXPENSE | $463,782 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,910 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,044,868 | 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 | $557,041 | BOYAmt |
| EOY | $633,642 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,477,386 | BOYAmt |
| EOY | $4,182,790 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,985,464 | BOYAmt |
| EOY | $4,020,653 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $629,597 | BOYAmt |
| EOY | $609,459 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $749,091 | BOYAmt |
| EOY | $754,893 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $520,036 | BOYAmt |
| EOY | $493,226 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $75,928,587 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,910,964 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,381,427 | BOYAmt |
| EOY | $47,017,623 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $854,134 | BOYAmt |
| EOY | $574,563 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,154,176 | BOYAmt |
| EOY | $58,286,849 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,909,263 | BOYAmt |
| EOY | $5,768,263 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,062,905 | BOYAmt |
| EOY | $12,950,323 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,180,571 | BOYAmt |
| EOY | $4,169,955 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,152,739 | BOYAmt |
| EOY | $22,888,541 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,001,437 | BOYAmt |
| EOY | $35,398,308 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,001,437 | BOYAmt |
| EOY | $35,398,308 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,154,176 | BOYAmt |
| EOY | $58,286,849 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,396,912 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$41 | 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 | $422,701 | InvestmentCostOrOtherBasisAmt |
| Book Value | $422,701 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,420,137 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $2,658,598 | DepreciationAmt |
| Book Value | $1,761,539 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $71,085,749 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $26,252,366 | DepreciationAmt |
| Book Value | $44,833,383 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $47,017,623 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $1,818,755 |
| ACCRUED POSTRETIREMENT BENEFITS | $982,684 |
| DEFERRED CREDITS | $759,057 |
| TVA LOAN PROGRAM ADVANCES | $609,459 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,169,955 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $35,441,780 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $35,441,780 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $35,441,780 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $34,044,868 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $34,044,868 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $34,044,868 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC 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. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | BOOK / TAX DEPRECIATION DIFFERENCE 2,373,738 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| W DAVE CROSS | ||||
| CEO | $136,450 | $54,135 | $2,448 | $193,033 |
| JOEL K MCCARTT | ||||
| ASST MGR/DIR ENGINEE | $114,150 | $42,049 | $2,053 | $158,252 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | PLATEAU ELECTRIC COOPERATIVE IS MEMBER OWNED BY THE CUSTOMERS IT SERVES IN SCOTT AND MORGAN COUNTIES IN TENNESSEE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EACH INDIVIDUAL ON THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS FOR A THREE YEAR TERM, WITH THREE DIRECTORS UP FOR RE-ELECTION EVERY YEAR. THE MEMBERS ELECT THE DIRECTORS AT AN ANNUAL MEMBER MEETING, WHERE EACH MEMBER GETS ONE VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBERS ANNUALLY ELECT DIRECTORS TO FILL EXPIRING TERMS OF A PORTION OF THE COOPERATIVE'S BOARD OF DIRECTORS. THE ELECTION RESULTS ARE RATIFIED BY THE COOPERATIVE'S MEMBERSHIP AT AN ANNUAL MEETING. MEMBERS MUST ALSO VOTE TO APPROVE THE DISSOLUTION, MERGER OR CONSOLIDATION, OR SALE OF A SIGNIFICANT PORTION OF THE ASSETS OF THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A FINAL COPY OF THE FORM 990 IS GIVEN TO THE COOPERATIVE FOR REVIEW BEFORE THE FORM IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE MONITORING AND ENFORCEMENT OF CONFLICTS ARE HANDLED BY THE BOARD AND DISCUSSED DURING THE BOARD MEETINGS IF ANY CONFLICTS OF INTEREST ARISE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD REVIEWS COMPARATIVE ORGANIZATION'S SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD REVIEWS COMPARATIVE ORGANIZATION'S SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | CHANGE IN CAPITAL CONTRIBUTIONS 174 CHANGE IN MEMBERSHIP CERTIFICATES -215 TOTAL -41 |