2015-10-27T08:38:56-05:00 2014-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2014-01-01 710131073 NORTH ARKANSAS ELECTRIC COOPERATIVE INC % JULIE HANEY NORT 8708953221 PO BOX 1000 SALEM AR 72576 MEL COLEMAN CEO 5013721040 2015-10-12 true AMBER SHERRILL P00748683 5013721040 2015-10-12 2014 2016-02-25 16:41:14Z MEL COLEMAN 225 SOUTH MAIN ST SALEM AR 72576 69430414 false X www.naeci.com X 1939 AR PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS &THE COMMUNITIES WE SERVE. 9 8 157 0 0 0 0 64916668 67659574 1771777 1770840 117645 0 66806090 69430414 0 10000 5052271 6118717 1592732 8429101 0 0 0 60161087 54872596 66806090 69430414 0 212903290 214887747 137384125 135052828 75519165 79834919 PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. false false NORTH ARKANSAS ELECTRIC COOPERATIVE PROVIDED 610,233,722 KIL HOURS OF ELECTRICAL ENERGY TO THE 36,184 CONSUMERS RECEIVING SERVICE. false false false false false false false false false true false false false true false true false false false false false false false false false false true false true false true false false false false false false false false false false false false true 114 0 157 true false false false false false false false false false 67258764 2171650 false X 9 8 false false false false true true true true false false false true true true true true true true true false X JULIE HANEY 8708953221 225 SOUTH MAIN STREET SALEM AR 72576 X JASPER FREEMAN VICE PRESIDENT 7.08 0.0 X X 49565 0 0 MICHAEL DOVER BOARD PRESIDENT 6.53 0.0 X X 24384 0 0 MARK H MONTGOMERY BOARD MEMBER 5.08 0.0 X 39997 0 0 BETH CARTER BOARD SECRETARY-TREASURER 4.56 0.0 X X 34536 0 0 LARRY GOODWIN BOARD MEMBER 7.74 0.0 X 47220 0 0 CAMERON DAVIS BOARD MEMBER 3.35 0.0 X 40170 0 0 DENNIS WILES BOARD MEMBER 7.5 0.0 X 20953 0 0 SONYA WILES BOARD MEMBER 3.71 0.0 X 40995 0 0 JIM SHORT BOARD MEMBER 7.99 0.0 X 41801 0 0 MEL COLEMAN CEO 40.0 0.0 X 236898 0 85630 JULIE HANEY MANAGER OF FINANCE & ACCT 40.0 0.0 X 97322 0 38438 JAMES WOODY MANAGER OF OPERATIONS 40.0 0.0 X 120931 0 56363 JERRY ESTES MANAGER OF MEMBER SERVICES 40.0 0.0 X 125475 0 28969 JASON STRONG MANAGER OF ENGINEERING 40.0 0.0 X 119633 0 42320 STEVE HALL MANAGER HUMAN RESOURCES 40.0 0.0 X 119543 0 55419 JIM BLACKMON MANAGER IT 40.0 0.0 X 110697 0 52766 1270120 0 359905 6 false true false ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 606771700 RIGHT OF WAY CLEAR 1669328 OSMOSE UTILITIES SERVICES INC PO BOX 8000 DEPT 560 BUFFALO NY 14267 POLE MAINTENANCE 302577 NOACON INC PO BOX 1360 FAIRFIELD BAY AR 72088 CONSTRUCTION 2358008 4-WAY ELECTRIC INC PO BOX 1108 GREENWOOD MS 38935 MFG COMPONENTS 203223 PROGRESSIVE SOLUTIONS INC PO BOX 825124 PHILADELPHIA PA 19182 RIGHT OF WAY CLEAR 103985 5 0 SALES AND SERVICE 221000 67659574 67659574 67659574 1770840 1770840 0 0 0 0 0 0 0 0 0 0 69430414 67659574 1770840 10000 0 0 6118717 617093 0 4773069 987173 1659935 391831 0 45436 55812 0 0 0 36496 263647 108320 318380 0 102141 0 0 101493 5223220 0 6090538 217635 COST OF POWER PURCHASED 34555484 MAINTENANCE 3863836 OPERATION 1547520 CONSUMER ACCOUNTS EXPENSE 1225112 1117526 69430414 338430 286074 16668431 16976917 0 0 12220393 11470364 6077 4070 0 0 1243576 1342020 1484909 1508268 60208 60421 220991975 70638912 147639588 150353063 29077301 29228699 0 0 0 0 0 0 4164377 3657851 212903290 214887747 7472898 7796526 0 0 0 0 0 0 0 0 0 0 106095323 101426297 0 0 23815904 25830005 137384125 135052828 X 76488838 81346127 -969673 -1511208 0 0 75519165 79834919 212903290 214887747 X 0 4315754 X false true X true true true 1851802 1851802 4017834 1494280 2523554 210961909 69144632 141817277 4160430 4160430 150353063 0 CONSUMER DEPOSITS 1088631 PROVISION FOR PENSION BENEFITS 22221318 CUSTOMER ADVANCES FOR CONSTRUC 848900 PATRONAGE CAPITAL PAYABLE 1109156 CURRENT PROV. FOR POSTRETIREME 562000 25830005 X 69430414 69430414 69430414 63311697 63311697 6118717 6118717 69430414 FORM 990, SCHEDULE D, PART XII, LINE 4B 2014 PATRONAGE ASSIGNED TO MEMBERS IN 2015 $6,118,717 FORM 990, SCHEDULE D, PART X, LINE 2 THE COOPERATIVE HAS BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. AS SUCH, IT IS REQUIRED TO FILE IRS FORM 990 ON AN ANNUAL BASIS. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. true MOUNTAIN HOME CHAMBER OF COMMERCE 1023 HWY 62 EAST MOUNTAIN HOME AR 72653 710224217 501(C)(6) 10000 FOCUS INITIATIVE 1 X X false false false JAMES WOODY MANAGER OF OPERATIONS 120362 0 0 0 569 0 32411 0 23952 0 177294 0 0 0 JERRY ESTES MANAGER OF MEMBER SERVICES 121840 0 0 0 3635 0 3632 0 25337 0 154444 0 0 0 JASON STRONG MANAGER OF ENGINEERING 119132 0 0 0 501 0 18220 0 24100 0 161953 0 0 0 STEVE HALL MANAGER HUMAN RESOURCES 116226 0 0 0 3317 0 31330 0 24089 0 174962 0 0 0 JIM BLACKMON MANAGER IT 109545 0 0 0 1152 0 28986 0 23780 0 163463 0 0 0 MEL COLEMAN CEO 230069 0 0 0 6829 0 59834 0 25796 0 322528 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 3 SEE SCHEDULE O FOR EXPLANATION OF CEO'S COMPENSATION EVALUATION AND APPROVAL. LARRY GOODWIN BOARD MEMBER ERC X 6816 48 false true true JERRY ESTES EMPLOYEE ERC X 6377 4022 false true true 4070 FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION A, LINE 6, 7A & 7B THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD INTERPRETS AND ENFORCES THIS POLICY. COOPERATIVE'S LEGAL COUNSEL MUST ANNUALLY REVIEW THIS POLICY WITH ALL OFFICIALS. THE MINUTES OF ALL BOARD MEETINGS SHOULD RECORD ALL DISCLOSURES, VOTES, AUTHORIZATIONS, AND OTHER ACTIONS TAKEN UNDER THIS POLICY. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THIS POLICY AND DELIVER THE COMPLETED AND SIGNED FORM TO PRESIDENT OR MANAGER. IF AN OFFICIAL DISCOVERS ANY INFORMATION OR FACT THAT COULD IMPACT ANOTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN THE OFFICIAL MUST DISCLOSE THE INFORMATION OR FACT TO PRESIDENT OR MANAGER IMMEDIATELY. IF MANAGER OR PRESIDENT RECEIVES A FORM DISCLOSING ANY INFORMATION OR FACT THAT COULD IMPACT AN OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DELIVER THE FORM TO PRESIDENT AND PRESIDENT MUST DISTRIBUTE THE FORM TO THE BOARD. IF MANAGER OR PRESIDENT RECEIVES OR DISCOVERS ANY OTHER INFORMATION OR FACT THAT COULD IMPACT ANY OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DISCLOSE THIS INFORMATION OR FACT TO PRESIDENT AND PRESIDENT MUST DISCLOSE THIS INFORMATION OR FACT TO THE BOARD. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST: A. PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMMENT ORALLY AND IN WRITING REGARDING THE INFORMATION OR FACT, AND AN OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL; AND B. DETERMINE WHETHER THE DIRECTOR COMPLIES WITH THIS POLICY. IF THE BOARD DETERMINES THAT A DIRECTOR DOES NOT COMPLY WITH THIS POLICY, THEN: A. THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMPLY WITH THIS POLICY WITHIN THIRTY DAYS; AND B. IF THE DIRECTOR DOES NOT COMPLY WITH THIS POLICY WITHIN THIRTY DAYS, THEN, AS ALLOWED BY LAW, THE BOARD MUST SANCTION, DISQUALIFY, AND/OR REMOVE THE DIRECTOR. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT ANY OTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST ACT AS APPROPRIATE OR AUTHORIZE THE MANAGER TO ACT AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A & 15B NORTH ARKANSAS ELECTRIC COOPERATIVE HAS AN INDEPENDENT CONSULTANT THAT DEVELOPS THE SALARY RANGE STRUCTURE BASED ON COMPARABILITY DATA. THE CONSULTANT DOES NOT APPROVE THE COMPENSATION, BUT DEVELOPS THE SALARY RANGES THAT ARE USED IN MERIT REVIEW COMPENSATION FOR ALL POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B JULIE HANEY, MANAGER OF FINANCE AND ACCOUNTING, REVIEWS ALL INFORMATION. IF ALL APPEARS TO BE CORRECT TO THE FINANCIAL STATEMENTS OF THE ORGANIZATION, SHE PASSES IT TO THE CEO, MEL COLEMAN, FOR HIS REVIEW. IF ALL APPEARS TO BE IN ORDER, THE BOARD IS PRESENTED WITH A COPY FOR EACH MEMBER TO REVIEW AND APPROVE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE USED AT THIS TIME. FORM 990, PART XI, LINE 5 NET INCOME BEFORE PATRONAGE ASSIGNED: $6,118,717 CHANGE IN MEMBERSHIP FEES: (180) CHANGES IN OTHER EQUITIES: (28,224) RETIREMENT OF CAPITAL CREDITS: (1,261,428) CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS- POSTRETIREMENT BENEFITS: (513,131) ------------------------------------------------------------- TOTAL: $4,315,754 FORM 990, PART IX, LINE 4 AMOUNT NOTED ON THIS LINE RELATES TO PATRONAGE DIVIDENDS ASSIGNED AFTER 2014 YEAR END FOR THE 2015 YEAR.