2015-06-26T15:29:50-05:00 2014-12-31 391277627 BAUMAN ASSOCIATES LTD PO BOX 1225 EAU CLAIRE WI 547021225 990 2014-01-01 390651310 TAYLOR ELECTRIC COOPERATIVE TAYL 7156782411 N1831 STATE HIGHWAY 13 MEDFORD WI 54451 MICHAEL SCHAEFER PRESIDENT/CEO 7156782411 2015-05-29 true GREGORY D MLEZIVA CPA P00004968 7158342001 2015-06-26 2014 2016-03-07 17:11:31Z MICHAEL SCHAEFER N1831 STATE HIGHWAY 13 MEDFORD WI 54451 4123847 false X WWW.TAYLORELECTRIC.ORG X 1937 WI TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE TO MEMBERS IN FOUR RURAL WISCONSIN COUNTIES WHILE OPERATING ON THE COOPERATIVE PRINCIPLE. 7 7 14 4603 0 3934601 4082283 21731 19137 945 4603 3957277 4106023 0 648160 569128 256628 308224 0 0 3029813 3209133 3934601 4086485 22676 19538 22083834 22643090 13722150 13859911 8361684 8783179 TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE TO MEMBERS IN FOUR RURAL WISCONSIN COUNTIES WHILE OPERATING ON THE COOPERATIVE PRINCIPLE. false false TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO MEMBERS IN FOUR RURAL WISCONSIN COUNTIES WHILE OPERATING ON THE COOPERATIVE PRINCIPLE. 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 true false false false false false false false false true 34 0 14 true true true false false false false 8973504 32951 false X 7 7 false false false false true true true true true false false false true true true true true true true false X THE ORGANIZATION 7156782411 N 1831 STATE HIGHWAY 13 MEDFORD WI 54451 PATRICIA WALDHART SECRETARY/TR 5.50 X 6213 0 0 DEAN TESCH VICE CHAIRMA 4.80 X 5500 0 0 BRIAN KULAS CHAIRMAN 5.65 X 4913 0 0 RAYMOND HENRICHS DIRECTOR 2.20 X 3713 0 0 CHARLES ZENNER DIRECTOR 2.40 X 3413 0 0 JAMES SMOLA DIRECTOR 3.20 X 3338 0 0 JOANNE SMITH DIRECTOR 1.50 X 3213 0 0 MICHAEL SCHAEFER PRESIDENT/CE 48.00 X 116844 0 98683 PATRICIA NELSON FINANCE/ADMI 48.00 X 77350 0 56596 224497 155279 1 false true false MAKOVSKY BRUSH SERVICE PO BOX 206 PRENTICE WI 54556 BRUSHING 292399 1 GROSS ELECTRIC REVENUE 221000 8918959 8918959 OTHER ELECTRIC REVENUE 221000 339835 339835 SERVICES, CHARGES, FEES - ELE 221000 50525 50525 LESS COST OF POWER 221000 -5227036 -5227036 4082283 11949 11949 25012 17824 7188 7188 7188 NONOPERATING INCOME 452000 4603 4603 4603 4106023 3749636 4603 351784 569128 308224 654318 787674 DISTRIBUTION - MAINTENANC 669493 DISTRIBUTION - OPERATIONS 414015 CONSUMER ACCOUNTS 262550 GENERAL & ADMIN EXPENSES 204172 216911 4086485 0 0 0 300 300 77032 207544 932620 908460 11979 9454 271098 264534 74363 86576 25852661 9040173 16532126 16812488 3657002 3902579 527314 451155 22083834 22643090 839472 899293 12258467 12397237 624211 563381 13722150 13859911 X 8361684 8783179 8361684 8783179 22083834 22643090 19538 401957 X false true X true false 23271 23271 25829390 9040173 16789217 16812488 DAIRYLAND POWER COOPERATIVE 2978971 C NRUCFC CAPITAL & LOAN TERM CERT 347895 C NRUCFC CAPITAL CREDITS 302823 C INV IN OTHER ASSC ORGS 218062 C INVESTMENT IN FEDERATED INS 54828 C 3902579 OTHER PAYROLL AND FRINGE ACCRUALS 149947 ACCRUED INTEREST PAYABLE 129432 DEFERRED INSTALLATIONS 93402 CUSTOMER DEPOSITS 86193 UNAMORTIZED GAIN ON DEBT 38473 ACCRUED PAYROLL 32254 OTHER DEFERRED CREDITS 18582 OTHER LIABILITIES 15098 563381 X 9328859 9328859 -5222836 -5222836 4106023 8740193 4653708 4653708 4086485 4086485 SCHEDULE D, PAGE 3, PART X EXPLANATION: THE COOPERATIVE WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE COOPERATIVE'S PREVIOUS THREE TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B LESS COST OF POWER -5,227,036 NONOPERATING EXPENSES 4,200 SCHEDULE D, PAGE 4, PART XII, LINE 2D LESS COST OF POWER 5,227,036 MARGINS ALLOCATED TO MEMBERS -569,128 NONOPERATING EXPENSES -4,200 X X false false false MICHAEL SCHAEFER PRESIDENT/CEO 116844 53250 45433 215527 DAIRYLAND POWER COOPERATIVE TAYLOR ELECTRIC 5227036 THE TAYLOR ELECTRIC false SCHEDULE L, PART V SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: DAIRYLAND POWER COOPERATIVE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TAYLOR ELECTRIC COOPERATIVE IS A CUSTOMER OF DAIRYLAND POWER COOPERATIVE. (C) AMOUNT OF TRANSACTION 5,227,036. (D) DESCRIPTION OF TRANSACTION: THE TAYLOR ELECTRIC BOARD CHAIRMAN, BRIAN KULAS, WAS ALSO ON THE BOARD OF DIRECTORS AT DAIRYLAND POWER COOPERATIVE IN 2014. TAYLOR ELECTRIC PURCHASED ALL ELECTRICITY FROM DAIRYLAND POWER COOPERATIVE IN 2014. (E) SHARING OF ORGANIZATION REVENUES? = NO FORM 990 FORM 990, PART IX, LINE 4: EXPLANATION: THE COOPERATIVE HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO BE THE AMOUNT OF CURRENT YEAR MARGINS THAT WILL BE ALLOCATED TO ITS MEMBERS AND THEREFORE HAS PRESENTED THIS AMOUNT. THE COOPERATIVE HAS ALLOCATED ALL OPERATING MARGINS AND RETAINED A PORTION OF ITS NON-OPERATING MARGINS. FORM 990, PAGE 6, PART VI, LINE 6 EXPLANATION: ANY PERSON WHO REQUESTS SERVICE FROM THE COOPERATIVE SUBJECT TO THE CONDITIONS APPLICABLE TO ALL PATRONS OF THE SAME CLASS OF SERVICE, UPON RECEIPT OF SUCH SERVICE SHALL BE DEEMED A MEMBER WITH THE SAME RIGHTS AND PRIVILEGES AS EACH OTHER MEMBER OF SUCH CLASS. FORM 990, PAGE 6, PART VI, LINE 7A EXPLANATION: CANDIDATES FOR POSITIONS ON THE BOARD OF DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE, AND/OR NOMINATED FROM THE FLOOR AT THE ANNUAL MEETING OF THE MEMBERS. THE BOARD OF DIRECTORS MAY APPOINT AN ELIGIBLE MEMBER TO FILL A VACANT POSITION ON THE BOARD, BUT THAT MEMBER MUST STAND FOR ELECTION AT THE NEXT ANNUAL MEETING OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B EXPLANATION: EACH MEMBER HAS ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B EXPLANATION: THE BOARD OF DIRECTORS HAVE DELEGATED THE PREISSUANCE OF REVIEW OF FORM 990 TO MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 12C MONITORING ON AN ONGOING BASIS WITH MANAGEMENT AS WELL AS SPECIAL CONSIDERATIONS AT TIME OF HIRE. FORM 990, PAGE 6, PART VI, LINE 15A EXPLANATION: COMPENSATION FOR KEY EMPLOYEES IS REVIEWED PERIODICALLY BY COMPARING TO INDUSTRY PEERS IN STATE AND REGION. FORM 990, PAGE 6, PART VI, LINE 15B SEE ABOVE. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 LESS COST OF POWER 5,227,036 NONOPERATING EXPENSES -4,200 LESS COST OF POWER -5,227,036 MARGINS ALLOCATED TO MEMBERS 569,128 NONOPERATING EXPENSES 4,200 FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL RETIRED 167,171