2015-11-13T08:22:53-06:00 2014-12-31 371014232 BENNETT & MIDDENDORF LTD 901 YORK ST PO BOX 807 QUINCY IL 623060807 990 2014-01-01 630462077 COVINGTON ELECTRIC COOPERATIVE INC COVI 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 CHARLES E SHORT PRESIDENT & CEO 3342224121 2015-11-09 ROY E RIDDLE P01425150 2172221142 2015-11-09 2014 2016-02-25 16:41:14Z CHARLES E SHORT 18836 US HWY 84 ANDALUSIA AL 36421 56299920 0 X WWW.COV-ELECT.COM X 1944 AL THE COOPERATIVE OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. 6 6 90 0 0 0 0 0 51954431 54450907 2261010 1794275 74206 54738 54289647 56299920 0 0 6508359 4382684 5593834 5378316 0 0 0 44313129 47806574 56415322 57567574 -2125675 -1267654 139359269 145995977 84530489 89374337 54828780 56621640 THE COOPERATIVE'S PRIMARY MISSION IS PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 22,400 MEMBER-OWNERS IN SOUTHERN ALABAMA. 0 0 DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 21 0 1 90 1 0 0 0 0 0 0 0 53836273 559896 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X KIM CARTER 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 WILLIE B SMITH JR CHAIRMAN 6.00 2.00 X X 23304 14453 0 JAMES F MARTIN JR SECRETARY/TREASURER 4.00 X X 19254 0 0 GARY H HARRIS TRUSTEE 4.30 X 23079 0 0 C HEFLIN SMITH VICE CHAIRMAN 4.00 X X 22629 0 0 WILLIAM G KING JR TRUSTEE 1.50 X 19254 0 0 PATRICIA CHILDS JANASKY TRUSTEE 4.20 X 23529 0 0 CHARLES E SHORT PRESIDENT & CEO 55.00 5.00 X 279679 62918 15324 MARK G PARKER VICE PRES. OF MEMBER RELAT 55.00 X 140776 0 69350 ALAN J THRASH VICE PRES. OF OPERATIONS 55.00 X 153089 0 15031 KIMBERLY M CARTER VICE PRES. OF FINANCE & AC 55.00 X 121571 0 54950 BERT L CHAMPION EMPLOYEE 50.00 X 111919 0 60874 938083 77371 215529 5 0 1 0 UNITED UTILITY SUPPLY COOP PO BOX 32170 LOUISVILLE KY 40232 MATERIAL & SUPPLIES 661019 MUSGROVE CONSTRUCTION INC 8708 US 90 LIVE OAK FL 32060 LINE CONSTRUCTION 620762 MAYER ELECTRIC SUPPLY PO BOX 2048 DOTHAN AL 36302 MATERIAL & SUPPLIES 560159 JACKSON LINE CLEARING PO BOX 769 BOWDEN GA 30108 RIGHT OF WAY CLEARING 464490 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 361213 5 SALES OF ELECTRICITY 221000 53137520 53137520 OTHER SALES TO MEMBERS 221000 753491 753491 POLE RENTALS 221000 559896 559896 54450907 1794275 1794275 OTHER NON-OPERATING REVENUE 221000 54738 54738 54738 56299920 53945749 0 2354171 4382684 938083 4440233 232044 22150 48863 2214559 3360978 3711653 COST OF POWER 33351720 DISTRIBUTION & MAINTENA 5160794 CUSTOMER ACCOUNTING, SE 2763274 OTHER MISCELLANEOUS GEN 2318855 -5378316 57567574 5304871 2172875 9176229 16530757 919795 891278 728527 765583 1038675 924448 4350027 3890741 124901823 29160957 93361231 95740866 21206688 22131003 3273226 2948426 139359269 145995977 5696285 6376221 70119254 74783885 8714950 8214231 84530489 89374337 X 0 0 0 0 54828780 56621640 54828780 56621640 139359269 145995977 X -1267654 3060514 X 0 0 0 225009 225009 4729992 1832076 2897916 87104 23558 63546 9381383 7320972 2060411 110478335 19984351 90493984 95740866 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 21273380 C CAPITAL TERM CERTIFICATES - NRUCFC 845623 C OTHER INVESTMENT 12000 C 22131003 ACCUMULATED PROVISION FOR POST-RETIREMENT BENEFITS 3632137 CUSTOMER DEPOSITS 1739091 DEFERRED CREDIT - ECONOMIC DEVELOPMENT 2676861 CONSTRUCTION DEPOSITS 166142 8214231 56299920 0 56299920 0 56299920 53184890 0 53184890 4382684 4382684 57567574 PART XII, LINE 4B - OTHER ADJUSTMENTS: 2013 MARGINS ALLOCATED TO MEMBERS REQUIRED TO BE REPORTED IN PART IX X 1 0 X X X 0 0 0 CHARLES E SHORT PRESIDENT & CEO 190000 0 76422 0 13257 62918 1897 0 13427 0 295003 62918 0 0 MARK G PARKER VICE PRES. OF MEMBER RELAT 124405 0 11931 0 4440 0 55869 0 13481 0 210126 0 0 0 ALAN J THRASH VICE PRES. OF OPERATIONS 134326 0 12892 0 5871 0 1343 0 13688 0 168120 0 0 0 KIMBERLY M CARTER VICE PRES. OF FINANCE & AC 106704 0 10181 0 4686 0 47913 0 7037 0 176521 0 0 0 BERT L CHAMPION EMPLOYEE 104832 0 6802 0 285 0 47066 0 13808 0 172793 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 COVINGTON ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC DISTRIBUTION COOPERATIVE CONSISTING OF APPROXIMATELY 22,000 MEMBERS. EACH CUSTOMER OF THE COOPERATIVE RECEIVING ELECTRIC SERVICE IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS DIVIDED INTO 6 DISTRICTS. THE MEMBERS ARE ALLOWED TO VOTE FOR THE ELECTION OF A DIRECTOR FOR EACH DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BY-LAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE COOPERATIVE'S INDEPENDENT AUDITOR. IT IS PRESENTED FOR REVIEW BEFORE IT IS FILED. IF DISCREPANCIES ARE FOUND, CORRESPONDING CORRECTIONS ARE MADE PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY NO. 154, CONFLICT OF INTEREST POLICY HAS BEEN ENACTED BY THE COOPERATIVE TO OUTLINE THE CONDUCT OF TRUSTEES AND EMPLOYEES IN REGARDS TO CONFLICTS OF INTEREST. EACH TRUSTEE AND EMPLOYEE SIGNS AN AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 ALL NEW MEMBERS ARE PROVIDED WITH A PRINTED COPY OF THE BYLAWS. THE COOPERATIVE PROVIDES ALL ACTIVE MEMBERS CONDENSED FINANCIAL STATEMENTS AT THE ANNUAL MEETING OF MEMBERS. POLICIES AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -1,815,305. GAINS ON CAPITAL CREDITS RETIRED AND CHANGES IN OTHER EQUITIES 493,135. PATRONAGE ALLOCATED TO MEMBERS REPORTED IN PART IX, LINE 4 4,382,684. COVINGTON RURAL SERVICES INC 18836 US HWY 84 ANDALUSIA AL 36421 630966581 ECONOMIC DEVELOPMENT AL COVINGTON RURAL SERVICES IS A 100 OWNED SUBSIDIARY OF COVINGTON ELECTRIC C 1.00000 0 A-WEB INC DBA ALAWEB INC 18836 US HWY 84 ANDALUSIA AL 36421 721347920 INTERNET SERVICE AL COVINGTON RURAL SERVICES OWNS 100 OF A-WEB INC C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0