2015-04-24T06:03:10-07:00 2014-12-31 Mostert Manzanero & Scott LLP 4 Associate Dr Oneonta NY 13820 990 2014-01-01 150500061 OTSEGO ELECTRIC COOPERATIVE INC OTSE 6072936622 PO BOX 128 HARTWICK NY 13348 STEPHEN RINELL CEO 2015-04-24 true DEBORAH L MOSTERT P01213266 6074328700 2014 2016-03-07 17:11:31Z STEPHEN RINELL PO BOX 128 HARTWICK NY 13348 7536248 false false X www.otsegoec.coop X 1941 NY The Mission of Otsego Electric Cooperative, Inc. is to be recognized favorably by our members for providing cost competitive, clean, safe, reliable energy solutions. 8 8 23 0 0 6764897 7395803 12875 12713 62579 127732 6840351 7536248 0 142485 130380 237143 329275 0 0 6115889 6706425 6495517 7166080 344834 370168 29852917 29877490 21033735 20657779 8819182 9219711 The Mission of Otsego Electric Cooperative, Inc. is to be recognized favorably by our members for providing cost competitive, clean, safe, reliable energy solutions. false false 5087033 7395803 PROVIDED ELECTRIC SERVICE TO 4793 CUSTOMERS OVER 751 MILES OF DISTRIBUTION LINE 5087033 false false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 19 0 true 23 true false false false false false false false false false 7471246 286064 false false false X 8 8 false false false false true true true true true false false true true true true true true true true false X X STEPHEN RINELL 6072936622 PO BOX 128 HARTWICK NY 13348 CHARLES ARNOLD Vice President 2.00 0.00 X X 3850 0 0 FREDERICK BRAUN JR DIRECTOR 2.00 0.00 X 4000 0 0 STEVEN CHILD Secretary 4.00 0.00 X X 4475 0 0 EDWARD CLARKE DIRECTOR 1.00 0.00 X 3000 0 0 KATHLEEN DEL PLATO DIRECTOR 3.00 0.00 X 7450 0 0 ROGER ERWAY Director 1.00 0.00 X 2600 0 0 GARY POTTER President 4.00 0.00 X X 7400 0 0 WENDELL SAUNDERS TREASURER 4.00 0.00 X X 4700 0 0 CODY ALLEN DIRECTOR ACCT 45.00 0.00 X 54787 0 29267 STEPHEN RINELL CEO 45.00 0.00 X 147055 0 60691 239317 89958 1 false true false 0 0 ELECTRIC SERVICE REVENUE 221000 6995044 6995044 SATELLITE INTERNET REVENU 221000 368126 368126 WATER HEATERS AND POLES 32633 32633 7395803 12713 12713 0 0 0 0 0 0 0 CAPITAL CREDITS 110841 110841 GAIN ON DISPOSAL OF EQUIP 16891 16891 127732 7536248 7523535 12713 X 0 0 0 130380 329275 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 676704 0 827440 0 COST OF POWER 2152325 DISTRIBUTION OPERATION 962335 ADMIN & GENERAL 641648 DISTRIBUTION MAINTENANCE 581379 864594 7166080 0 0 0 156882 74298 299930 352030 0 1024073 844422 0 0 0 201265 207169 312771 314356 31963815 10293378 21392632 21670437 0 0 0 0 6465364 6414778 29852917 29877490 619504 484173 16334231 16093606 4080000 4080000 21033735 20657779 X 8819182 9219711 8819182 9219711 29852917 29877490 X 370168 30361 X false true X true false 31963815 10293378 21670437 21670437 INVESTMENTS IN ASSOC ORGANIZATION 768639 Postretirement benefits 5646139 6414778 POST RETIREMENT BENEFITS 4080000 4080000 X 7139272 7139272 396976 396976 7536248 6638724 6638724 527356 527356 7166080 Part X : FIN48 Footnote The Cooperative reviews the components of revenues, gains, and other support and analyzes whether the position that the organization takes with regard to a particular item of income would meet the definition of an uncertain tax position. The Cooperative files information returns in the U.S. federal jurisdiction. There is no liability for unrelated business tax. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S INTERNET SERV PROV EXP NETTED REVENUE $368126 COST OF MERCHANDISE SOLD $28850 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S INTERNET SERVICE PROVIDER EXPENSE $368126 RETIREMENT OF CAPITAL CREDITS $130380 COST OF MERCHANDISE SOLD $28850 false false false STEPHEN RINELL CEO 147055 60691 207746 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Any person, firm, association, corporation, or body politic or subdivision thereof will become a member of the Otsego Cooperative, Inc. upon receipt of electric service from the Cooperative, provided that he or it has first:a)made written application for membershipb)agreed to purchase from the Cooperative electric energy c)agreed to comply with and be bound by the articles of incorporation and bylaws of the cooperative and any rules and regulation adopted by the Board Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members who are currently purchasing electric service from the Cooperative shall be considered active members and shall be entitled to vote at all regular and special membership meetings. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Each active membership shall be entitled to only one vote upon any matter submitted to a vote at a meeting. All questions shall be decided by a vote of a majority of the active members voting there on in person or by proxy, except as otherwise proved by law, the articles of incorporation or by-laws. Form 990, Part VI, Line 11b: Form 990 Review Process It shall be the policy of the Otsego Electric Cooperative, Inc. to have Form 990 reviewed by its Board of Directors each year prior to filing with the Internal Revenue Service.Said review can be completed during the course of a regularly scheduled the Board of Directors' meeting at which a quorum is present. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Directors is responsible for overseeing the evaluation process for the Chief Executive Officer.The process is intended to formally assess the Chief Executive Officer's past performance as well as to help the Board determine future developmental needs for the Chief Executive Officer. Consequently, there are two types of measures: a) Financial Performance Measures, which track accountability for past performance, and b) Leadership Effectiveness Measures, which identify the key objectives that will assure the future success of the Cooperative. Leadership Effectiveness Measures include, but are not limited to, the following:LeadershipBuilding Team SpiritManaging Vision and MissionOrganizational FlexibilityApproachability and AccessibilityEffective Decision MakingBusiness AcumenAccountabilityDeveloping PeopleIntegrity and TrustResultsPresentation SkillsMaintaining Organizational ValuesCommunity InvolvementThe following steps are utilized to carry out this review:The Board reviews performance measures and targets and submits these for full Board approval on or before the start of the first meeting of the fiscal year.The Chief Executive Officer provides a self-evaluation to the Board within seventy-five days of the end of the fiscal year.Directors will provide their individual assessments of the Chief Executive Officer's performance. These assessments should include the Board's appraisal of the Financial Performance Measures and the Leadership Performance Measures approved by the Board as well as any other aspect of the Chief Executive Officer's performance that the Directors deem relevant. In addition, Directors should identify any future developmental needs they deem necessary for the Chief Executive Officer.The Board accumulates this information and recommends annual compensation of the Chief Executive Officer based on the evaluation. After agreement by the Board to the evaluation, the President of the Board will meet with the Chief Executive Officer to discuss the Board's assessment of performance and developmental needs for the Chief Executive Officer. The Chief Executive Officer may then take the opportunity to discuss his or her reaction to the evaluation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available It shall be the policy of Otsego Electric Cooperative, Inc. to have governing documents, including the By-Laws, annual financial reports, and Conflict of Interest Policy available to the public upon request. These documents shall be kept at the Otsego Electric Cooperative, Inc. main office under the supervision and control of the Board of Directors and the Chief Executive Officer.The Chief Executive Officer of Otsego Electric Cooperative, Inc. shall produce the documents upon receipt of a written or verbal request of the public. The Chief Executive Officer shall keep a record of the written and/or verbal request Form 990, Part IX, Line 24e: Other Expenses COST OF MERCHANDISE SOLD: Column (A) - Total = $28850; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses CUSTOMER ACCOUNTS: Column (A) - Total = $395990; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP ADVERTISING: Column (A) - Total = $600; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP BAD DEBTS: Column (A) - Total = $1200; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP COST OF EQUIPMENT: Column (A) - Total = $57088; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP CREDIT CARD CHARGES: Column (A) - Total = $7102; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP LABOR AND BENEFITS: Column (A) - Total = $49736; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP SERVICE CALLS: Column (A) - Total = $9315; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP SUPPLIES: Column (A) - Total = $8086; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ISP: Column (A) - Total = $234999; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OTHER DEDUCTIONS: Column (A) - Total = $47547; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses TRANSMISSION EXPENSE: Column (A) - Total = $24081; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Other Changes In Net Assets Or Fund Balances - Other Increases change in other equities = $30361