VICTORIA ELECTRIC COOPERATIVE INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- VICTORIA ELECTRIC COOPERATIVE INC (EIN 74-0964933)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-03-16
- IRS object ID
- 201630769349300203
- 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 | 2016-03-16T08:15:14-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 741194944 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUMGARDNER MORRISON & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3750 | AddressLine1Txt |
| City | VICTORIA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740964933 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VICTORIA ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VICT | BusinessNameControlTxt |
| Phone | 3615732428 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2178 | AddressLine1Txt |
| City | VICTORIA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 779022178 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WARZECHA BLAINE B | PersonNm |
| Person Title | GENERAL MANAGER | PersonTitleTxt |
| Phone | 3615732428 | PhoneNum |
| Signature | 2016-03-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEROME G KOTZUR CPA | PreparerPersonNm |
| PTIN | P00047018 | PTIN |
| Phone | 3615750271 | PhoneNum |
| Preparation | 2016-03-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WARZECHA BLAINE B | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2007 LA SALLE ROAD | AddressLine1Txt |
| City | INEZ | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 779684813 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,921,436 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VICTORIAELECTRIC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | VICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 15,591 MEMBER-OWNERS DURING 2015. THE COOPERATIVE OPERATED 2,913.04 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGE- INSERT IN THE TEXAS COOP POWER MAGAZINE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 71 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,193,254 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,260,263 | CYProgramServiceRevenueAmt |
| PY Investment Income | $114,640 | PYInvestmentIncomeAmt |
| CY Investment Income | $121,339 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,913,695 | PYOtherRevenueAmt |
| CY Other Revenue | $2,539,834 | CYOtherRevenueAmt |
| PY Total Revenue | $17,221,589 | PYTotalRevenueAmt |
| CY Total Revenue | $17,921,436 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,265,730 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,411,363 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,442,429 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,718,865 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,513,430 | PYOtherExpensesAmt |
| CY Other Expenses | $8,791,208 | CYOtherExpensesAmt |
| PY Total Expenses | $17,221,589 | PYTotalExpensesAmt |
| CY Total Expenses | $17,921,436 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $107,949,611 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,682,810 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $47,397,854 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $49,714,768 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $60,551,757 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $64,968,042 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 15,591 MEMBER-OWNERS DURING 2015. THE COOPERATIVE OPERATED 2,913.04 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGE- INSERT IN THE TEXAS COOP POWER MAGAZINE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | THE COOPERATIVE PROVIDES ELECTRIC DISTRIBUTION UTILITY SERVICES TO CUSTOMERS ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION. | 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 | Yes (true) | 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 | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 71 | 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 | $15,260,263 | MembersAndShrGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | 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 | false | 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 | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VICTORIA ELECTRIC COOPERATIVE | PersonNm |
| Phone | 3615732428 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 102 S BEN JORDAN | AddressLine1Txt |
| City | VICTORIA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 779022178 | 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| WEHMEYER DONALD K | |||||||
| BOARD PRESID | 7.00 | Yes (X) | Yes (X) | $21,803 | $0 | $0 | |
| MARAGGIA MICHAEL | |||||||
| BOARD VP | 5.50 | Yes (X) | Yes (X) | $19,981 | $0 | $0 | |
| SMITH RONALD E | |||||||
| SECR/TREAS | 2.00 | Yes (X) | Yes (X) | $21,523 | $0 | $0 | |
| RUSCHHAUPT TREY | |||||||
| ASST SECR/TR | 1.00 | Yes (X) | Yes (X) | $19,973 | $0 | $0 | |
| BECK JOHN W DVM | |||||||
| DIRECTOR | 1.00 | Yes (X) | $13,358 | $0 | $0 | ||
| BOB BONAR | |||||||
| DIRECTOR | 7.00 | Yes (X) | $28,249 | $0 | $0 | ||
| TAMMIE BOYD | |||||||
| DIRECTOR | 2.00 | Yes (X) | $25,188 | $0 | $0 | ||
| BRANDL RAYMOND E JR | |||||||
| DIRECTOR | 1.50 | Yes (X) | $20,393 | $0 | $0 | ||
| JANK ALLEN L | |||||||
| DIRECTOR | 2.00 | Yes (X) | $20,633 | $0 | $0 | ||
| ROZSYPAL JERRY P | |||||||
| DIRECTOR | 2.00 | Yes (X) | $20,363 | $0 | $0 | ||
| WARZECHA BLAINE B | |||||||
| GENERAL MANA | 56.00 | Yes (X) | $178,119 | $0 | $47,298 | ||
| NERADA DAVID W | |||||||
| LINE FOREMAN | 50.00 | $103,564 | $0 | $31,408 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $493,147 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $78,706 | 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 |
|---|---|---|---|---|---|
| NELSON TREE SERVICE INC | |||||
| 350 E DEVON AVENUE | ITASCA | IL | 60143 | TREE TRIMMING | $1,118,267 |
| SENDERO POWER LINE CONSTRUCTION | |||||
| PO BOX 2209 | VICTORIA | TX | 77902 | CONSTRUCTION | $984,454 |
| PIKE ELECTRIC LLC | |||||
| DEPT 517 PO BOX 100 | MEMPHIS | TN | 38101 | CONSTRUCTION | $915,186 |
| PERKINS AND WILL | |||||
| 10100 N CENTRAL EXPWY SUITE 300 | DALLAS | TX | 75231 | ARCHITECTURE | $351,388 |
| SOUTHEASTERN DATA CORP | |||||
| 100 ASHFORD CENTER SUITE 500 | ATLANTA | GA | 30338 | CIS/ACCOUNTING | $244,928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALE OF ELECTRICITY | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $15,260,263 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,260,263 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,260,263 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $121,339 | TotalRevenueColumnAmt |
| Exclusion | $121,339 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CAPITAL CREDITS | 221000 | $2,525,494 | $2,525,494 |
| MISCELLANEOUS REVENUE | 221000 | $14,340 | $14,340 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,539,834 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,921,436 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,800,097 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $121,339 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,411,363 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $493,147 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,751,306 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,485 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $933,699 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,228 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,685,134 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,244,334 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| OPERATIONS & MAINTENANCE | $2,033,668 |
| ADMINISTRATIVE & GENERAL | $1,136,206 |
| CONSUMER ACCOUNTS | $345,583 |
| PROPERTY TAXES | $338,503 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,780 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,921,436 | 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 | $7,365,376 | BOYAmt |
| EOY | $10,395,959 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,636,535 | BOYAmt |
| EOY | $2,073,788 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,352,578 | BOYAmt |
| EOY | $1,055,748 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,232 | BOYAmt |
| EOY | $69,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $96,499,375 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,688,650 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,005,670 | BOYAmt |
| EOY | $66,810,725 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,395,220 | BOYAmt |
| EOY | $34,277,224 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,949,611 | BOYAmt |
| EOY | $114,682,810 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,238,811 | BOYAmt |
| EOY | $2,176,014 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,267,412 | BOYAmt |
| EOY | $40,646,498 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,891,631 | BOYAmt |
| EOY | $6,892,256 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,397,854 | BOYAmt |
| EOY | $49,714,768 | 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 | $76,440 | BOYAmt |
| EOY | $77,955 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,209,587 | BOYAmt |
| EOY | $59,478,724 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,265,730 | BOYAmt |
| EOY | $5,411,363 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,551,757 | BOYAmt |
| EOY | $64,968,042 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,949,611 | BOYAmt |
| EOY | $114,682,810 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,416,285 | 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 | $617,818 | OtherCostOrOtherBasisAmt |
| Book Value | $617,818 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,576,587 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,135,041 | DepreciationAmt |
| Book Value | $441,546 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $60,286,706 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,501,046 | DepreciationAmt |
| Book Value | $31,785,660 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,018,264 | OtherCostOrOtherBasisAmt |
| Depreciation | $52,563 | DepreciationAmt |
| Book Value | $33,965,701 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $66,810,725 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (10 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SOUTH TEXAS ELECTRIC COOP | $30,810,717 |
| DEFERRED CHARGES | $995,057 |
| ACCRUED ASSETS | $888,763 |
| CFC CAPITAL TERM CERT | $574,729 |
| TEXAS ELECTRIC COOPS | $411,473 |
| COBANK | $352,789 |
| NRUCFC | $159,176 |
| SEDC | $54,998 |
| NRTC | $19,091 |
| NEC RETAIL | $10,431 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $34,277,224 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONS DEPOSITS & OTHER CURRENT/ACCRUE | Desc |
| Amt | $6,892,256 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,892,256 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $46,881,368 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $28,959,932 | OtherRevenueAmt |
| Revenue Not Reported | $28,959,932 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,921,436 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $17,921,436 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $42,465,083 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $28,959,932 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $28,959,932 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,505,151 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,416,285 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,416,285 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,921,436 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | COST OF ELECTRICITY 28,959,932 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | COST OF ELECTRICITY 28,959,932 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | CAPITAL CREDITS RETIRED -996,593 INCREASE IN MEMBERSHIP CAPITAL 1,515 PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS 5,411,363 |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WARZECHA BLAINE B | PersonNm |
| Title | GENERAL MANAGER | TitleTxt |
| Base Compensation Filing Org | $178,119 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $31,623 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $15,675 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $225,417 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | VICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 15,591 MEMBER-OWNERS DURING 2015. THE COOPERATIVE OPERATED 2,913.04 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGE- INSERT IN THE TEXAS COOP POWER MAGAZINE. |
| FORM 990, PAGE 6, PART VI, LINE 6 | RURAL ELECTRIC COOPERATIVE MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF DIRECTORS IS ELECTED BY AND ACCOUNTABLE TO THE MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 11B | REVIEWED AT BOARD MEETING WITH TAX PREPARER PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD REVIEWED THE ANNUAL POLICY AND QUESTIONNAIRE FOR ANY CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD USES A THIRD PARTY SURVEY FROM NRECA TO ASSIST IN DETERMINING COM PENSATION FOR THE GENERAL MANAGER. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | COST OF ELECTRICITY 28,959,932 COST OF ELECTRICITY -28,959,932 CAPITAL CREDITS RETIRED -996,593 INCREASE IN MEMBERSHIP CAPITAL 1,515 PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS 5,411,363 TOTAL 4,416,285 |