2016-07-06T16:11:25-07:00 2015-12-31 DECORIA MAICHEL AND TEAGUE PS 7307 N DIVISION ST Ste 222 SPOKANE WA 992086545 990 2015-01-01 930146827 Coos-Curry Electric Cooperative Inc COOS 5413323931 PO Box 1268 Port Orford OR 97465 Frank Corrales Jr CFO 2016-07-06 true Micheal A DeCoria P01217290 5095353503 2015 2016-09-27 15:27:22Z Roger Meader 43050 Highway 101 Port Orford OR 97465 34318775 false false X www.ccec.coop X 1939 OR Distribution and sale of electric energy to its members located in substantially all of Curry County, Oregon & portions of Coos County & Douglas County, Oregon. Revenues are substantially derived from the cooperative's residential, commercial and industrial customers. 7 7 70 0 0 31304896 33786390 65968 472040 1460 9567 31372324 34267997 0 484977 2947695 5984355 6197757 0 0 24902992 25122545 31372324 34267997 0 99574059 101711344 51546188 52198803 48027871 49512541 Distribution and sale of electric energy to its members located in substantially all of Curry County, Oregon & portions of Coos County & Douglas County, Oregon. Revenues are substantially derived from the cooperative's residential, commercial and industrial customers. false false Distribution and sale of electric energy to approximately 14,000 cooperative members. false false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false true true false false false false false false false false false false true 43 0 true 70 true false false false false false false false false false 33597176 670821 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X Frank Corrales Jr 5413323931 43050 Highway 101 Port Orford OR 97465 Edward Dowdy Director 9.00 0.00 X 12250 0 0 Cheryl McMahan President 7.00 0.00 X X 6850 0 0 John G Herzog Vice President 6.00 0.00 X X 4050 0 0 Jim Kolen Director 8.00 0.00 X 7100 0 0 Daryl C Robison Director 8.00 0.00 X 6250 0 0 Pete C Radabaugh Director 8.00 0.00 X 8850 0 0 Georgia A Cockerham Secretary/Treas 7.00 0.00 X X 7150 0 0 Roger Meader Gen Mgr/CEO 68.00 0.00 X 221927 0 138050 Frank Corrales Jr CFO 44.00 0.00 X 152282 0 124206 Andrew McBride System Planning & Engineering Mngr 25.00 0.00 X 161539 0 49280 Charles D Wilson Operations Manager 35.00 0.00 X 234208 0 46517 Christine Stallard Mktng & Mbr Svcs M 43.00 0.00 X 149508 0 100376 Kyle Duey Line Foreman 43.00 0.00 X 123435 0 98153 Larry D Wilson Line Foreman 43.00 0.00 X 127359 0 74000 Marvin Jones Line Foreman 42.00 0.00 X 122318 0 65030 Randy McDonald Operations Manager 43.00 0.00 X 124659 0 102487 1469735 798099 30 false true false Western Pacific Tree Service Inc PO Box 998 Brookings OR 97415 Right-of-way clearin 1016780 Jensens Tree Service Inc PO Box 500 Glendale OR 97442 Right-of-way clearin 859301 Cascade Construction Inc PO Box 500 Glendale OR 97442 Pole testing & treat 128568 Sporthaven Inc PO Box 2096 Brookings OR 97415 Boring for undergrnd 113097 4 0 Electric energy sales 221000 33597176 33597176 Pole rentals 221000 189214 189214 33786390 475521 475521 0 0 9567 9567 9567 9567 47297 50778 -3481 -3481 -3481 0 0 0 0 34267997 33593695 674302 0 0 0 2947695 1180509 0 3030048 91678 1661743 233779 0 24751 15000 0 0 0 36536 30000 44975 267159 0 104474 69255 0 0 2418452 115907 3880084 207378 Purchased power 12041116 Distribution - O&M 3183289 Admin & General 944178 Taxes 940871 799120 34267997 0 0 0 362415 460656 801552 0 4106358 5553440 0 0 0 1273932 1135031 509346 428935 126294635 41629585 84499560 84665050 0 0 5217254 5402531 0 3605194 3264149 99574059 101711344 3213489 3826383 44258725 44607468 820500 3253474 3764952 51546188 52198803 X 70600 70710 46909349 48449816 1047922 992015 48027871 49512541 99574059 101711344 X 0 1484670 X false true X true false 1828790 1828790 5531654 2427657 3103997 8251989 6264394 1987595 110682202 32937534 77744668 84665050 5402531 Consumer deposits 1234381 Deferred credits 791771 Postretirement benefit obligation 1738800 3764952 X 34267997 34267997 34267997 31320302 31320302 2947695 2947695 34267997 Part X : FIN48 Footnote The Cooperative is generally exempt from federal income tax under Section 501(c)(12) of the Internal Revenue Code. An exemption from the State of Oregon corporation excise tax is provided by Oregon Revised Statutes 317.080. However, the Cooperative is subject to Federal and Oregon unrelated business income tax. The Cooperative had no unrelated business income in 2015 and 2014.The Cooperative has adopted ASC Topic 740-10, Income Taxes, relating to accounting for uncertain tax positions. The Cooperative has not identified any uncertain income tax positions that would jeopardize its tax-exempt status. The Cooperative's income tax returns are subject to review and examination by federal authorities. The tax returns that are open to examination by federal authorities include the years ended December 31, 2012 through 2014. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage capital to be allocated $2947695 X X X false false false Andrew McBride System Planning & Engineering Mngr 97839 63700 40906 8374 210819 Charles D Wilson Operations Manager 191930 42278 33994 12523 280725 Christine Stallard Mktng & Mbr Svcs M 146654 2854 81679 18697 249884 Frank Corrales Jr CFO 147583 4699 102827 21379 276488 Kyle Duey Line Foreman 122205 1230 83670 14483 221588 Larry D Wilson Line Foreman 124122 3237 59517 14483 201359 Marvin Jones Line Foreman 116504 5814 50719 14311 187348 Randy McDonald Operations Manager 123053 1606 69923 32564 227146 Roger Meader Gen Mgr/CEO 213897 8030 118437 19613 359977 Kathleen Meader Wife of GM/CEO 93985 Wages & benefits false Dolores McBride Wife of Syst Plan 129230 Wages & benefits false Roger Meader Director 11865613 Purchased power/PNGC false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The organization is a Cooperative formed to provide electric service to its members. The members elect the governing body and approve changes in the by-laws. Members receive a share of the Cooperatives margins through the approval of retirement of patronage dividends. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body There is one class of membership for all members. A member is entitled to one vote to elect directors and to make changes to the Cooperatives by-laws. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Directors reviews the Form 990 prior to submission. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Board of Directors and employees undersign to the fact that they have received, read and understand the conflict of interest policy. The policy is reviewed annually by the Board members and supervisors review the policy with employees. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Directors evaluate the CEO's performance. An independent compensation consultant is obtained every third year to assist the Board in determining the CEO's compensation package. Supervisors of other key employees (all employees) set annual goals and assess each employee's performance on a daily basis. The methodology of developing a wage scale range for job positions within the organization is approved by the Board of Directors using an established compensation policy. All changes to compensation of key employees (all employees) must be approved in writing by the CEO. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Items that legally must be provided are done so upon request. The year end audited financial information is published in the annual membership meeting bulletin. Other Changes In Net Assets Or Fund Balances - Other Decreases Capital credit retirement = -$1820318 Other Changes In Net Assets Or Fund Balances - Other Increases Discount on early retirement of cap credits = $93293 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in memberships = $110 Other Changes In Net Assets Or Fund Balances - Other Decreases Other comprehensive loss = -$149200 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage capital to be allocated = $2947695 Other Changes In Net Assets Or Fund Balances - Other Increases Unclaimed patronage capital activity = $413090 Form 990, Part IX, Line 4 - Explanation of Benefits Paid to Members The IRS instructions clarify that patronage dividends paid by 501(c)(12) organizations should be reported in the statement of functional expenses on line 4. The Cooperative has allocated 100% of its 2015 margins as patronage dividends to its members and reported this amount on line 4. The Cooperative's accounting system follows generally accepted accounting principles (GAAP) which do not report patronage dividends as an expense; as such, the 2015 margins are also recorded as a reconciling item on Schedule D Part XIII of the Form 990.