2015-08-10T06:41:33-05:00 2014-12-31 341495118 BASHORE REINECK STOLLER & WATERMAN INC PO BOX 249 PAULDING OH 45879 990 2014-01-01 344325955 PAULDING PUTNAM ELECTRIC CO-OP INC PAUL 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE W CARTER CEO 4193995015 2015-07-24 true MATTHEW F REINECK CPA P00116343 4193993686 2015-07-24 2014 2016-04-25 22:37:26Z GEORGE W CARTER 401 MACDONALD PIKE PAULDING OH 45879 39022813 false X WWW.PPEC.COOP X 1936 OH DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. 9 9 51 0 0 34820845 37416330 1380541 1507336 97769 99147 36299155 39022813 0 3017183 2877511 1597077 1611571 0 0 31684895 34533731 36299155 39022813 0 79520246 83624615 33791750 35984845 45728496 47639770 DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. false false 38564736 DISTRIBUTION OF ELECTRICAL ENERGY TO 12,860 CONSUMERS AT 13,932 SERVICE POINTS AND THE MAINTENANCE OF OVER 1,700 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 38564736 false false false false false false false false false true true false false true false 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 true 25 0 true 51 true false false false false false 37416331 1606482 false X 9 9 false false false false false true true true true false false true true true true true true true true false X JAMES BROWN 4193995015 401 MACDONALD PIKE PAULDING OH 45879 JOHN M SAXTON PRESIDENT 4.20 X X 16900 0 86 STEVEN MCMICHAEL TRUSTEE 4.60 X 15300 0 100 GERALD W SORG TRUSTEE 4.00 X 14300 0 45 GERALD HEITMEYER TRUSTEE 3.00 X 12400 0 45 KARL C KOENIG V-PRESIDENT 3.00 X X 12000 0 100 KEN W NIESE TRUSTEE 2.70 X 12000 0 100 TIMOTHY A DERCK TRUSTEE 3.00 X 11200 0 100 RONALD W NEISWANDER TRUSTEE 2.50 X 10000 0 79 GARY C HAYDEN SECRETARY 2.10 X X 7075 0 100 GEORGE W CARTER GENERAL MNGR 40.00 X 169254 0 26389 280429 27144 1 false true false NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PL CLOVERDALE VA 24077 CONST CONTRACTR 1320380 NELSON TREE SERVICE INC 350 EAST DEVON AVE ITASCA IL 60143 TREE SERVICE 226279 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWA 210057 NET GAIN INFORMATION SYSTEMS CO 220 REYNOLDS AVE BELLEFONTAINE OH 43311 COMPUTER SUPPOR 207962 NATIONAL RURAL TELECOMMUNICATIONS 2121 COOPERATIVE WAY HERNDON VA 20171 CONST CONTRACTR 144735 5 ELECTRIC SALES TO MEMBERS 37189203 37189203 METER READ & RECONNECT FEES 227127 227127 37416330 1507336 1439052 68284 97311 97311 97311 97311 OTHER NON-OPERATING INCOME 1836 1836 1836 39022813 38857218 165595 2877511 111175 1349364 25681 125351 7053 19756 37679 1245198 43493 49149 1133398 2513224 38259 PURCHASED POWER COST 25888747 WABASH BUYOUT 1259232 PROPERTY TAXES 808852 MEMBER SERVICES 212673 1277018 39022813 0 0 0 1762380 2653698 75217 75241 3077074 2964360 30928 11956 593617 661075 280471 326160 78993556 20636075 56017034 58357481 148911 135697 15461087 17264664 2073527 1174283 79520246 83624615 4573827 5273696 29030353 30546074 187570 165075 33791750 35984845 X 84913 81353 45643583 47558417 45728496 47639770 79520246 83624615 X 0 1911274 X false true X true false 384360 384360 6613452 438607 6174845 71077076 20197468 50879608 918668 918668 58357481 BUCKEYE POWER, INC. CAPITAL CREDIT 10509212 C WABASH VALLEY POWER ASSOC, INC. 2137883 C BUCKEYE POWER COMMERCIAL PAPER 1763876 F BUCKEYE POWER, INC. MEMBER EQUITY 1181348 C COOPERATIVE FINANCIAL CORP (CFC) 608632 C CFC - MCS 250000 C COOPERATIVE FINANCIAL CORP (CFC) 214425 C RESCO CAPITAL CREDITS 179785 C HEARTLAND EMERGENCY EQUIPMENT LLC 148192 C NATIONAL BANK FOR COOPERATIVES 83961 C FED RURAL ELECTRIC INS CO (FREIC) 83473 C NISC 46481 C NRTC 37106 C COOPERATIVE RESPONSE CENTER 12500 C COOPERATIVE RESPONSE CENTER (CRC) 5820 C WABASH AND ASSOC ORGANIZATIONS 2185 C PAULDING LANDMARK, INC. 75 C MISCELLANEOUS 30 C OTHER COOPERATIVE INVESTMENTS CENTRAL D.P. C STATEWIDE -320 C 17264664 CONSUMER DEPOSITS 165075 165075 39022813 39022813 39022813 37111539 37111539 1911274 1911274 39022813 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT ALLOCATION TO MEMBERS 2,877,511 PRIOR REDEMPTIONS DONATED 27,099 MEMBERSHIPS REDEEMED -3,560 CAPITAL CREDITS RETIRED -989,776 X X X X false false false GEORGE W CARTER GENERAL MNGR 166254 3000 26389 195643 FORM 990 PART IX, LINE 4: BENEFITS PAID TO MEMBERS. THE COOPERATIVE IS INTERPRETING THE TERM "BENEFITS PAID TO MEMBERS" TO MEAN CAPITAL CREDITS ALLOCATED OR TO BE ALLOCATED TO MEMBERS FROM CURRENT YEAR NET MARGINS FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES IS NOMINATED AND ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF TRUSTEES ARE ELECTED FROM THE MEMBERSHIP BY THE MEMBERS. MEMBERSHIP APPROVAL IS REQUIRED FOR THE COOPERATIVE TO SELL, LEASE, MORTGAGE OR DISPOSE OF ALL OR SUBSTANTIALLY ALL ITS PROPERTY, NOT WITHSTANDING THE RIGHT OF THE TRUSTEES TO BORROW MONEY AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES. MEMBER APPROVAL IS REQUIRED TO ALTER, AMEND OR REPEAL THE CODE OF REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW A DRAFT COPY OF FORM 990 WITH THE PAID PREPARER PRIOR TO FILING. THE FORM IS READ THROUGH FOR REASONABLENESS OF RESPONSES AND INFORMATION PROVIDED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD POLICY DICTATES THAT THE CONFLICT OF INTEREST POLICY BE MONITORED BY DEPARTMENT AND ENFORCED BY DEPARTMENT HEADS. ALL EMPLOYEES OF THE COOPERATIVE ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. DURING 2014, THE DEPARTMENT HEADS DID NOT ENCOUNTER ANY CIRCUMSTANCES WHERE THE CONFLICT OF INTEREST POLICY WAS REQUIRED TO BE ENFORCED. IT IS INTENT OF THE POLICY TO AVOID CONFLICTS OF INTEREST WHEN AT ALL POSSIBLE. A CONFLICT WOULD PROHIBIT THE PERSON FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS WITH REGARD TO THE CONFLICTED TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER ON AN ANNUAL BASIS FOLLOWING GUIDELINES ESTABLISHED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) ALONG WITH RESEARCH AND REVIEW OF LOCAL, REGIONAL AND NATIONAL DATA AVAILABLE FROM NRECA AND OTHER AREA COOPERATIVES AS INDICATED ON THEIR 990 FORMS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR TRUSTEES AND OFFICERS OF THE BOARD OF TRUSTEES ARE BASED ON A DIRECTOR FEE SURVEY COMPLETED BY THE STATEWIDE ORGANIZATION - OHIO RURAL ELECTRIC COOPERATIVES, INC. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI OTHER CHANGES TO EQUITY AS AS FOLLOWS: MEMBERS' CAPITAL CREDITS RETAINED IN EQUITY 2,877,511 (INCREASE), PRIOR REDEMPTIONS DONATED TO COOPERATIVE 27,099 (INCREASE), CAPITAL CREDIT REDEMPTION 989,776 (DECREASE) AND MEMBERSHIPS REDEEMED 3,560 (DECREASE) FOR A NET CHANGE OF PLUS 1,911,274.