MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE (EIN 42-0394605)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-04-27
- IRS object ID
- 201501179349300305
- Schema version
- 2014v5.0
- 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 | 2015-04-27T08:26:31-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 217 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420394605 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAQU | BusinessNameControlTxt |
| Phone | 3194623542 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N HUBER STREET | AddressLine1Txt |
| City | ANAMOSA | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 522050370 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES M LAUZON | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 3194623542 | PhoneNum |
| Signature | 2015-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG POPENHAGEN | PreparerPersonNm |
| PTIN | P01587689 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES M LAUZON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N HUBER STREET | AddressLine1Txt |
| City | ANAMOSA | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 522050370 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,294,148 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MVEC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE RELIABLE, QUALITY ELECTRIC SERVICE IN A SAFE, RESPECTFUL, ENVIROMENTALLY RESPONSIBLE, AND COST EFFECTIVE MANNER. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 71 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $947 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,071,878 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,262,710 | CYProgramServiceRevenueAmt |
| PY Investment Income | $267,826 | PYInvestmentIncomeAmt |
| CY Investment Income | $185,410 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,245,762 | PYOtherRevenueAmt |
| CY Other Revenue | $1,820,953 | CYOtherRevenueAmt |
| PY Total Revenue | $32,585,466 | PYTotalRevenueAmt |
| CY Total Revenue | $33,269,073 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,782,796 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,864,099 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $301,505 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $303,508 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,101,165 | PYOtherExpensesAmt |
| CY Other Expenses | $30,651,466 | CYOtherExpensesAmt |
| PY Total Expenses | $32,185,466 | PYTotalExpensesAmt |
| CY Total Expenses | $32,819,073 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $400,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $450,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $63,773,918 | TotalAssetsBOYAmt |
| Total Assets EOY | $65,810,393 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $39,059,284 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,599,590 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $24,714,634 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,210,803 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SELL AND DISTRIBUTE ELECTRIC ENERGY TO RURAL CONSUMERS AND MAINTAIN DISTRIBUTION SYSTEM. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MAQUOKETA VALLEY ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY SERVICES OVER 3,240 MILES OF DISTRIBUTION LINE TO 17,170 METERED SERVICES, SERVING MORE THAN 15,679 RURAL RESIDENTIAL AND COMMERCIAL MEMBER-CONSUMERS IN NINE COUNTIES IN NORTHEASTERN IOWA. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 71 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $31,761,972 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,239,233 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | 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 | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELLY GIBBS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3194623542 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N HUBER STREET | AddressLine1Txt |
| City | ANAMOSA | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52205 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 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 |
|---|---|---|---|---|---|---|---|
| LARRY SWANSON | |||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $9,720 | $0 | $0 | |
| GENE MANTERNACH | |||||||
| SECRETARY | 6.40 | Yes (X) | Yes (X) | $3,960 | $17,800 | $0 | |
| CHARLIE PETERS | |||||||
| DIRECTOR | 5.00 | Yes (X) | $2,160 | $0 | $0 | ||
| JUDY GOTTO | |||||||
| TREASURER | 6.50 | Yes (X) | Yes (X) | $8,280 | $0 | $0 | |
| CHARLES MCCULLOUGH | |||||||
| ASSISTANT SECRETARY | 8.00 | Yes (X) | Yes (X) | $8,460 | $0 | $0 | |
| THOMAS STEWART | |||||||
| DIRECTOR | 6.00 | Yes (X) | $7,920 | $0 | $0 | ||
| RON THIELEN | |||||||
| VICE PRESIDENT | 4.00 | Yes (X) | Yes (X) | $6,120 | $0 | $0 | |
| BILLIE ZUMBACH | |||||||
| DIRECTOR | 3.80 | Yes (X) | $8,820 | $0 | $0 | ||
| JAN NULL | |||||||
| DIRECTOR | 3.60 | Yes (X) | $7,020 | $0 | $0 | ||
| JAMES LAUZON | |||||||
| CEO | 50.00 | Yes (X) | $198,770 | $0 | $42,278 | ||
| JEREMY RICHERT | |||||||
| DIRECTOR OF ENGINEERING | 50.00 | $101,290 | $0 | $28,680 | Yes (X) | ||
| PETER BOFFELI | |||||||
| FOREMAN - LEAD LINEMAN | 46.30 | $100,298 | $0 | $22,478 | Yes (X) | ||
| RICK OLSEM | |||||||
| FOREMAN - LEAD LINEMAN | 46.40 | $106,618 | $0 | $19,229 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $569,436 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $17,800 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $112,665 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MID-PLAINS POWER LLC | |||||
| 526 CROWN POINT AVE | OMAHA | NE | 68110 | LINE CONSTRUCTION | $1,270,385 |
| MJ ELECTRIC | |||||
| PO BOX 840965 | DALLAS | TX | 75284 | LINE CONSTRUCTION | $517,760 |
| R&R TIMBER | |||||
| PO BOX 3 | BELLEVUE | IA | 52031 | TREE TRIMMING | $118,931 |
| POWER SYSTEMS ENGINEERING | |||||
| 1532 W BROADWAY | MADISON | WI | 53713 | ENGINEERING SERVICES | $118,574 |
| AMERIPOLE INSPECTION COMPANY | |||||
| PO BOX 114 | MARSHALLTOWN | IA | 50158 | TREATMENT AND INSPECTION OF POLES | $113,758 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SALE OF POWER | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $31,262,710 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,262,710 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,262,710 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $193,855 | TotalRevenueColumnAmt |
| Exclusion | $193,855 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $68,263 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $3,771 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $64,492 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $64,492 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$453 | UnrelatedBusinessRevenueAmt |
| Exclusion | $64,945 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,430 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $10,875 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$8,445 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$8,445 | TotalRevenueColumnAmt |
| Exclusion | -$8,445 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $11,829 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $10,429 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,400 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,400 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL CREDITS | Desc |
| Business | 523000 | BusinessCd |
| Total Revenue Column | $1,755,061 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,755,061 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,755,061 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,269,073 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $33,017,771 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $947 | UnrelatedBusinessRevenueAmt |
| Exclusion | $250,355 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,864,099 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $303,508 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,657,005 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,307,194 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| UNRELATED BUSINESS INCO | $57 |
| COST OF POWER | $19,889,115 |
| DIST EXP - OPERATIONS | $2,170,009 |
| DIST EXP - MAINTENANCE | $1,517,650 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,110,436 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,819,073 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,272,715 | BOYAmt |
| EOY | $2,624,557 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $718,013 | BOYAmt |
| EOY | $700,893 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,257,535 | BOYAmt |
| EOY | $3,974,230 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,016,828 | BOYAmt |
| EOY | $1,524,358 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,711,591 | BOYAmt |
| EOY | $1,569,486 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $77,292,046 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,161,088 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,892,125 | BOYAmt |
| EOY | $48,130,958 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,657,617 | BOYAmt |
| EOY | $7,058,191 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,782 | BOYAmt |
| EOY | $144,353 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,712 | BOYAmt |
| EOY | $83,367 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,773,918 | BOYAmt |
| EOY | $65,810,393 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,141,506 | BOYAmt |
| EOY | $3,103,273 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $527,675 | BOYAmt |
| EOY | $546,673 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,027,435 | BOYAmt |
| EOY | $34,837,244 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,211,638 | BOYAmt |
| EOY | $930,567 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,030 | BOYAmt |
| EOY | $181,833 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,059,284 | BOYAmt |
| EOY | $39,599,590 | 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 | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,714,634 | BOYAmt |
| EOY | $26,210,803 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,714,634 | BOYAmt |
| EOY | $26,210,803 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,773,918 | BOYAmt |
| EOY | $65,810,393 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $450,000 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,046,169 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $534,430 | OtherCostOrOtherBasisAmt |
| Book Value | $534,430 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,402,067 | OtherCostOrOtherBasisAmt |
| Depreciation | $999,591 | DepreciationAmt |
| Book Value | $1,402,476 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,713,615 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,825,927 | DepreciationAmt |
| Book Value | $2,887,688 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $66,641,934 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,335,570 | DepreciationAmt |
| Book Value | $43,306,364 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $48,130,958 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL-ASSOC ORGS | $5,368,764 | C |
| INVESTMENT IN CFC CTC | $1,099,468 | C |
| FEDERAL ECONOMIC DEVELOPMENT LOANS | $116,674 | C |
| NON-FEDERAL ECONOMIC DEVELOPMENT LOANS | $442,395 | C |
| OTHER MEMBERSHIPS & CAPITAL | $30,890 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $7,058,191 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $121,099 |
| ACCUM PROV FOR PENSION & BENEFITS | $60,734 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $181,833 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $33,269,016 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$57 | OtherRevenueAmt |
| Revenue Not Reported | -$57 | RevenueNotReportedAmt |
| Revenue Subtotal | $33,269,073 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,269,073 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $30,954,917 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$57 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$57 | ExpensesNotReportedAmt |
| Expenses Subtotal | $30,954,974 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,864,099 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,864,099 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $32,819,073 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, THUS, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2014 AND 2013. HOWEVER THE COOPERATIVE IS SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME. THE PROVISION AMOUNTS FOR 2014 AND 2013 WERE NOT SIGNIFICANT TO THE FINANCIAL STATEMENTS. THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNRELATED BUSINESS INCOME TAX -57. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | UNRELATED BUSINESS INCOME TAX -57. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE DIVIDENDS PAID 1,864,099. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES LAUZON | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $198,770 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $32,330 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $9,948 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $241,048 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | AT THE YEAR'S ANNUAL MEETING, CHANGES WERE MADE TO UPDATE THE LANGUAGE IN THE ARTICLES OF INCORPORATION. SAME TYPES OF CHANGES WERE MADE TO THE BYLAWS AT AUGUST'S MONTHLY MEETING. |
| FORM 990, PART VI, SECTION A, LINE 6 | ALL ELECTRIC CONSUMERS ARE MEMBERS OF THE COOPERATIVE. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH ELECTRIC CUSTOMER IS A MEMBER-OWNER ENTITLED TO ONE VOTE. MEMBERS VOTE ON ELECTION OF DIRECTORS AND REMOVAL OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THERE IS ONE CLASS OF MEMBERSHIP. MEMBERS VOTE ON THE ALLOCATION OF SURPLUS, ALLOCATION TO STATUTORY FUNDS, AMENDMENTS TO THE ARTICLES OF INCORPORATION, AND ANY RESOLUTION TO SELL, LEASE, EXCHANGE OR DISPOSE OF SUBSTANTIALLY ALL PROPERTY AND ASSETS OF THE COOPERATIVE. |
| FORM 990, PART VI, SECTION B, LINE 11 | EACH DIRECTOR WAS SENT EITHER A HARD COPY OF THE FORM, OR A LINK WHERE THEY COULD ACCESS THE FORM ELECTRONICALLY PRIOR TO THE FORM BEING FILED. DIRECTORS WERE NOTIFIED THAT FORM WAS READY FOR THEIR REVIEW AND THEY WERE PROVIDED 7 DAYS TO REVIEW FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS. THE POLICY REQUIRES THAT THE DIRECTOR MUST REFRAIN FROM DISCUSSION AND THE DECISION ON WHICH SUCH CONFLICT OF INTERESTS EXIST. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD REVIEWED AND APPROVED THE SALARY OF THE CEO IN 2014 USING COMPARABLE COMPENSATION AMOUNTS FROM FORM 990'S OF OTHER ORGANIZATIONS AND A COMPENSATION STUDY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS. |
| FORM 990, PART XI, LINE 9: | PAYMENTS OF PATRONAGE CAPITAL -848,261. DONATED CAPITAL 30,331. PATRONAGE DIVIDENDS PAID 1,864,099. |
| FORM 990, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
| FORM 990, PART IX, LINE 4 | THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990 AND IN PART XII ON SCHEDULE D. |