2016-05-10T08:41:35-05:00 2015-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2015-01-01 730382745 OKLAHOMA ELECTRIC COOPERATIVE % OKLAHOMA ELECTRIC COOPERATIV OKLA 4053212024 PO BOX 1208 NORMAN OK 73070 PATRICK C GRACE CEO 4053212024 2016-05-04 true AMBER SHERRILL P00748683 4053212024 2015 2016-09-27 15:27:22Z MAX A MEEK PO BOX 1208 NORMAN OK 73070 130377127 false X WWW.OKCOOP.ORG X 1937 OK TO PROVIDE ELECTRICITY TO ITS MEMBERS 9 9 141 0 0 0 0 135097035 130045203 248529 295282 6880723 9934 142226287 130350419 0 0 0 0 818144 1193057 0 0 0 128653826 118412940 129471970 119605997 12754317 10744422 279532231 283811296 186880635 184781113 92651596 99030183 TO PROVIDE ELECTRICITY TO ITS MEMBERS false false TO PROVIDE ELECTRICITY TO ITS MEMBERS false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false true false false false false false false true true false false true 411 0 true 141 true false false false false false 130045203 243801 false X 9 9 false false false false true true true true true true false true true true true true true true false false OK X OKLAHOMA ELECTRIC COOPERATIV 4053212024 242 24TH AVENUE NW NORMAN OK 73069 X HERMAN R USRY PRESIDENT 6.94 0.0 X X 38698 0 0 JOHN W JENSEN VICE-PRESIDENT 10.81 0.0 X X 56277 0 0 PERCY K MOREU SECRETARY/TREASURER 6.8 0.0 X X 30677 0 0 RONNIE D GROVER ASSISTANT SECRETARY/TREASURER 6.3 0.0 X X 29806 0 0 RUSSELL W GRISSOM MEMBER 7.71 0.0 X 43651 0 0 VERLE A BARNES MEMBER 3.31 0.0 X 23645 0 0 MICHAEL R ARGO MEMBER 5.53 0.0 X 19601 0 0 FRANK K WILSON MEMBER 1.7 0.0 X 13386 0 0 RONALD D THARP MEMBER 7.7 0.0 X 17369 0 0 JAMES F MARTIN MEMBER 5.16 0.0 X 20690 0 0 MAX A MEEK CEO 60.0 0.0 X 267865 0 105472 PATRICK C GRACE VP ENGINEERING/ASSISTANT MGR 50.0 0.0 X 185877 0 93271 JONNA C BUCK VP OF ADMINISTRATION 45.0 0.0 X 154292 0 92480 RANDAL K SIMMONS VP OPERATIONS 60.0 0.0 X 199780 0 89736 MICHAEL E BUCK OPERATIONS ADVISOR TO VP OPER. 50.0 0.0 X 218469 0 77795 JOHN SPENCER VP OF METERING 60.0 0.0 X 146726 0 81544 PHILLIP K MILLER DISTRICT LINEMAN 51.73 0.0 X 137122 0 54499 JAMES W LONG MANAGER OF LOSS CONTROL 60.0 0.0 X 133746 0 67411 1737677 0 662208 44 false true false ASPLUNDH TREE EXPERT PO BOX 890367 DALLAS TX 75389 TREE TRIMMING 3551366 MIDWESTERN ELECTRICAL CONTRACTORS 3320 SE 156TH AVE NORMAN OK 73026 CONSTRUCTION SERVICE 2088707 MEYER BROTHERS 1964 NW 12TH AVE NORMAN OK 73072 CONSTRUCTION SERVICE 1530369 EDKO VEGETATION MANAGERS PO BOX 7241 SHREVEPORT LA 71137 TREE SERVICE 599996 OSMOSE INC MT BANK DEPT 560 PO BOX 8000 BUFFALO NY 14267 POLE INSPECT & TREAT 448782 7 0 SALES OF ELECTRICITY 221000 124859956 124859956 CAPITAL CREDITS 221000 5185247 5185247 130045203 233867 0 0 233867 0 0 0 0 0 88123 26708 61415 61415 0 0 61415 0 0 0 WINDWORKS PROGRAM 900099 8770 8770 CONTRACT WORK 900099 1164 1164 9934 130350419 130055137 0 295282 0 0 0 0 1193057 0 0 0 0 0 0 146302 0 0 0 0 0 112923 101287 0 0 0 0 0 322732 7605547 0 9572847 928959 COST OF POWER 72302254 DISTRIBUTION EXPENSE 16631993 CONSUMER ACCOUNTS EXPENSE 4034088 FRANCHISE TAX 3733244 2920764 119605997 2778013 2231756 3746702 3528708 0 0 10290013 10783294 0 0 0 0 0 0 456880 417352 20424745 26674327 275787329 88130998 184439829 187656331 0 0 0 0 47800283 51688723 0 0 9595766 830805 279532231 283811296 14170919 13638894 0 0 0 0 0 0 0 0 0 0 154048482 153754154 0 0 18661234 17388065 186880635 184781113 X 202395 205845 6627054 6766034 85822147 92058304 92651596 99030183 279532231 283811296 X 10744422 -4365835 X false true X true true true 1835706 1835706 16359754 2705298 13654456 253891337 85425700 168465637 3700532 3700532 187656331 INV IN ASSOC ORG PATRONAGE CAP 45638054 C INV IN ASSOC ORG NON-GEN FUNDS 6050669 C 51688723 0 DEFERRED CREDITS 220542 CONVERSION FEE LIABILITY 9750133 ACCRUED EXPENSES 0 POSTRETIREMENT BENEFITS 7417390 17388065 130279070 130279070 71349 71349 130350419 119534648 119534648 71349 71349 119605997 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL INCOME TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $61,415 OTHER MISCELLANEOUS REVENUES $ 9,934 ----------------------------------------- TOTAL $71,349 ========= FORM 990, SCHEDULE D, PART XII, LINE 4B REVENUES CLASSIFIED AS EXPENSES IN AUDIT REPORT: GAIN ON DISPOSITION OF ASSET $61,415 OTHER MISCELLANEOUS REVENUES $ 9,934 ----------------------------------------- TOTAL $71,349 ========= X X true true X X false true false MAX A MEEK CEO 228121 0 0 0 39744 0 75673 0 29799 0 373337 0 0 0 PATRICK C GRACE VP ENGINEERING/ASSISTANT MGR 184069 0 0 0 1808 0 65189 0 28082 0 279148 0 0 0 JONNA C BUCK VP OF ADMINISTRATION 148557 0 0 0 5735 0 90575 0 1905 0 246772 0 0 0 RANDAL K SIMMONS VP OPERATIONS 190254 0 0 0 9526 0 60531 0 29205 0 289516 0 0 0 MICHAEL E BUCK OPERATIONS ADVISOR TO VP OPER. 136020 0 0 0 82449 0 49243 0 28552 0 296264 0 0 0 JOHN SPENCER VP OF METERING 132983 0 0 0 13743 0 51853 0 29691 0 228270 0 0 0 PHILLIP K MILLER DISTRICT LINEMAN 130745 0 0 0 6377 0 25460 0 29039 0 191621 0 0 0 JAMES W LONG MANAGER OF LOSS CONTROL 126822 0 0 0 6924 0 38576 0 28835 0 201157 0 0 0 SCHEDULE J, PART I, LINE 1A ALL ACTIVE EMPLOYEES AND TRUSTEES ARE ELIGIBLE FOR THE HEALTH CLUB BENEFIT. THIS IS A TAXABLE BENEFIT FOR ACTIVE EMPLOYEES AND IS REPORTED ON THE W-2. THIS IS A TAXABLE BENEFIT FOR ACTIVE TRUSTEES AND IS REPORTED ON THE 1099 FORM. ALL ACTIVE TRUSTEES ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR BUSINESS USE OF HOME FAX LINES AND INTERNET SERVICES. THESE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B MICHAEL E. BUCK RECEIVED $80,950.05 IN 2015 AS PART OF THE PENSION RESTORATION PLAN. THIS AMOUNT WAS REPORTED ON HIS W-2 FORM AS TAXABLE INCOME. DUE TO IRC SECTION 415(B) LIMITS, MICAHEL E. BUCK'S DEFINED BENEFIT PENSION PLAN WAS RESTRICTED. THE PENSION RESTORATION PLAN RESTORES THIS BENEFIT AND WAS PAYABLE FOLLOWING A TWO YEAR VESTING DATE. TRACY MOWDY SON-IN-LAW OF MAX MEEK 118912 EMPLOYMENT COMPENSATION false MICHAEL BUCK SPOUSE OF JONNA BUCK 218469 EMPLOYMENT COMPENSATION false FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY USED OR OCCUPIED BY THE APPLICANT, TO RECEIVE ELECTRIC SERVICE FROM, OKLAHOMA ELECTRIC COOPERATIVE: ANY NATURAL PERSON, FIRM, ASSOCIATION, ELECTRIC MEMBERSHIP CORPORATION, FOREIGN ELECTRIC COOPERATIVE, CORPORATION, DOMESTIC OR FOREIGN, BUSINESS OR OTHER TRUST, PARTNERSHIP, FEDERAL AGENCY, STATE OR POLITICAL SUBDIVISION OR AGENCY THEREOF, OR ANY BODY POLITIC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. EACH MEMBER IS ENTITLED TO ONE VOTE. CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS REQUIRE A MAJORITY VOTE BY THE MEMBERS. IN ADDITION, THE MEMBERS ANNUALLY HOLD A MEETING TO ELECT TRUSTEES, AND TO TRANSACT SUCH OTHER BUSINESS THAT MAY COME BEFORE THE MEETING. UPON DISSOLUTION OF THE COOPERATIVE, AFTER ALL DEBTS AND LIABILITIES HAVE BEEN PAID AND ALL CAPITAL FURNISHED THROUGH PATRONAGE HAS BEEN RETIRED, THE REMAINING PROPERTY AND ASSETS OF THE COOPERATIVE SHALL BE DISTRIBUTED AMONG THE MEMBERS AND FORMER MEMBERS IN PROPORTION TO THEIR PATRONAGE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER IS ENTITLED TO ONE VOTE. MEMBERS OF THE COOPERATIVE MAY VOTE ON ITEMS OF BUSINESS AT ANNUAL AND DISTRICT MEETINGS PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 9 JAMES MARTIN 1445 COUNTY ROAD 1300 CHICKASHA, OK 73018 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTING FIRM. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE COOPERATIVE'S TOP MANAGEMENT OFFICIALS INCLUDING THE CEO AND THE VP OF ADMINISTRATION. THE FORM 990 WILL BE SENT VIA FIRST CLASS MAIL OR EMAILED TO THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, KEY EMPLOYEES AND TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH OF THESE PERSONS HAS A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. WITH REGARDS TO POTENTIAL FINANCIAL INTERESTS, THE INTERESTED PERSON SHALL PRESENT ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES AT WHICH TIME THE DISINTERESTED TRUSTEES SHALL MAKE A DETERMINATION WHETHER A CONFLICT EXISTS. SHOULD A CONFLICT BE IDENTIFIED, THE INTERESTED PERSON HAS 30 DAYS TO COMPLY WITH THE POLICY . IF COMPLIANCE IS NOT ATTAINED, THE BOARD WILL SANCTION, DISQUALIFY AND/OR REMOVE THE TRUSTEE AS ALLOWED BY THE BY-LAWS. IF ANY OTHER OFFICIAL IS DETERMINED TO BE OUT OF COMPLIANCE WITH THIS POLICY, THE BOARD WILL ACT OR AUTHORIZE THE CEO TO ACT AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A AT THE MARCH BOARD OF TRUSTEE MEETING, THE TRUSTEES COMPLETED THE CEO'S ANNUAL EVALUATION AND DETERMINED THE AMOUNT OF COMPENSATION. THE MEETING WAS DOCUMENTED IN THE BOARD OF TRUSTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL REFUNDS (4,369,285) OTHER 3,450 ------------ TOTAL (4,365,835) OEC ADVANTAGE INC PO BOX 1208 NORMAN OK 73070 731534035 INFO. SERVICE OK OEC C CORP 0 5853 1.00000 true false false false false false false false false false false false false false false false false false false false