STRATEGY STUDIO / PUBLIC DATA EXPLORER

ADAMS ELECTRIC COOPERATIVE INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ADAMS ELECTRIC COOPERATIVE INC (EIN 23-0329885)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-10
IRS object ID
201533149349302668
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-11-10T11:38:11-08:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADAMS JENKINS CHEATHAM PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1231 WYLDEROSE DRAddressLine1Txt
CityMIDLOTHIANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP231136845ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN230329885EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ADAMS ELECTRIC COOPERATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlADAMBusinessNameControlTxt
Phone7173349211PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11338 BIGLERVILLE ROADAddressLine1Txt
CityGETTYSBURGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP17325ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS J KNAUBPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2015-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonG STEVEN GILLIAM CPAPreparerPersonNm
PTINP00348264PTIN
Phone8043231313PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOMAS J KNAUBPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11338 BIGLERVILLE ROADAddressLine1Txt
CityGETTYSBURGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP173251055ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$63,922,766GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501cYes (X)Organization501cInd
Website Addresswww.adamsec.coopWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1941FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionSafe and effective distribution of electricity to members.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee102TotalEmployeeCnt
Total Gross UBI$28,337TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$60,249,530PYProgramServiceRevenueAmt
CY Program Service Revenue$61,247,099CYProgramServiceRevenueAmt
PY Investment Income$234,034PYInvestmentIncomeAmt
CY Investment Income$156,262CYInvestmentIncomeAmt
PY Other Revenue$2,488,276PYOtherRevenueAmt
CY Other Revenue$2,519,275CYOtherRevenueAmt
PY Total Revenue$62,971,840PYTotalRevenueAmt
CY Total Revenue$63,922,636CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$3,758,584PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$3,156,375CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$9,385,679PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$10,012,280CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$49,131,517PYOtherExpensesAmt
CY Other Expenses$50,893,476CYOtherExpensesAmt
PY Total Expenses$62,275,780PYTotalExpensesAmt
CY Total Expenses$64,062,131CYTotalExpensesAmt
PY Revenues Less Expenses$696,060PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$139,495CYRevenuesLessExpensesAmt
Total Assets BOY$141,956,322TotalAssetsBOYAmt
Total Assets EOY$145,092,295TotalAssetsEOYAmt
Total Liabilities BOY$94,983,115TotalLiabilitiesBOYAmt
Total Liabilities EOY$96,889,698TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$46,973,207NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$48,202,597NetAssetsOrFundBalancesEOYAmt
MissionSafe and effective distribution of electricity to members.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTHE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS of Adams Electric Cooperative. The three largest program services, as measured by expenses are as follows:Cost of power $37,486,300Salaries and wages $6,868,390Distribution Maintenance $5,079,428Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document75IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee102EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Members And Shr Gross Income$61,247,099MembersAndShrGrossIncomeAmt
Other Sources Gross Income$1,892,012OtherSourcesGrossIncomeAmt
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHE CORPORATIONPersonNm
Phone7173349211PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11338 BIGLERVILLE ROADAddressLine1Txt
CityGETTYSBURGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP17325ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAY E GROVE
President8.006.00Yes (X)Yes (X)$16,925$4,950$0
GLENN E BANGE
Vice President6.006.00Yes (X)Yes (X)$13,700$5,500$0
S EUGENE HERRITT
Director7.001.00Yes (X)$12,725$6,800$0
THOMAS J KNAUB
Treasurer9.003.00Yes (X)Yes (X)$14,700$5,500$0
THOMAS R HARBAUGH
Secretary10.000.00Yes (X)Yes (X)$14,800$0$0
NADINE HUBNER
Director12.000.00Yes (X)$15,675$0$0
DANIEL EISENHART
Director8.000.00Yes (X)$14,025$0$0
WILLIAM E MYERS
Director8.000.00Yes (X)$12,125$0$0
RAY SCHWARTZ
Director7.000.00Yes (X)$13,300$0$0
Steven Rasmussen
CEO / GM55.005.00Yes (X)$327,050$6,800$52,212
Lynn Wallas
Mgr. Admin/Mem60.000.00Yes (X)$184,706$0$79,774
Scott Wehler
VP Engineering50.000.00$245,091$0$113,516Yes (X)
Michael Ward
Superintendant55.000.00$145,279$0$38,152Yes (X)
Dawn Bodenberg
Manager Human Reso50.000.00$155,688$0$102,942Yes (X)
Marvin Snyder
Mgr. Operations55.000.00$156,316$0$38,534Yes (X)
George Taughinbaugh
Manager Energy Use45.000.00$153,118$0$78,503Yes (X)
Richard Redding
Superintendent55.000.00$153,360$0$31,862Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,648,583TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$29,550TotReportableCompRltdOrgAmt
Total Other Compensation$535,495TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K24IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Asplundh
PO BOX 827464PHILADELPHIAPA19182Tree Trimming$4,473,596
John R Wyles Inc
RD 1 Box 14James CreekPA16657Line Construction$757,253
PREA
212 Locust StreetHarrisburgPA17108Statewide Corp. Supp$460,842
T&D Solutions LLC
PO Box 11949AlexandriaLA71315Construction Contrac$296,822
NISC
PO Box 58544MandanND58544Support Services$415,630
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K11CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSALES OF ELECTRICITYDesc
Total Revenue Column$61,247,099TotalRevenueColumnAmt
Related Or Exempt Func Income$61,247,099RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$61,247,099TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$126,742TotalRevenueColumnAmt
Unrelated Business Revenue$24UnrelatedBusinessRevenueAmt
Exclusion$126,718ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$12,000RealAmt
Personal$785,060PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Personal$130PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$12,000RealAmt
Personal$784,930PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$796,930TotalRevenueColumnAmt
Related Or Exempt Func Income$12,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,275UnrelatedBusinessRevenueAmt
Exclusion$783,655ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$29,520OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$29,520OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,520TotalRevenueColumnAmt
Exclusion$29,520ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CONTRIB. IN AID OF CONSTR$792,462$792,462
Equity Earnings from Sub$331,242$331,242
PATRONAGE ALLOC. RECEIPTS$571,603$571,603

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,038TotalRevenueColumnAmt
Unrelated Business Revenue$27,038UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,722,345OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,922,636TotalRevenueColumnAmt
Related Or Exempt Func Income$62,954,406RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$28,337UnrelatedBusinessRevenueAmt
Exclusion$939,893ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$3,156,375TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,130,324TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,868,390TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,320,747TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$82,800TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$610,019TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$57,492TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,631,821TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,555,192TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF POWER$37,486,300
DISTRIBUTION MAINTENANCE$5,079,428
ADMIN & GENERAL$1,660,436
CONSUMER ACCOUNTS$1,127,655

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$2,704,848TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$64,062,131TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$429,034BOYAmt
EOY$751,354EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$625,389BOYAmt
EOY$585,413EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,098,212BOYAmt
EOY$8,150,027EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$441,232BOYAmt
EOY$470,225EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$868,871BOYAmt
EOY$982,055EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,403,693BOYAmt
EOY$4,003,035EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$151,575,073LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$40,688,408LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$106,791,755BOYAmt
EOY$110,886,665EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$3,301,519BOYAmt
EOY$3,632,761EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$15,996,617BOYAmt
EOY$15,630,760EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$141,956,322BOYAmt
EOY$145,092,295EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,645,598BOYAmt
EOY$6,872,472EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$85,084,624BOYAmt
EOY$88,335,504EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,252,893BOYAmt
EOY$1,681,722EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$94,983,115BOYAmt
EOY$96,889,698EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$630,610BOYAmt
EOY$638,505EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$46,342,597BOYAmt
EOY$47,564,092EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$46,973,207BOYAmt
EOY$48,202,597EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$141,956,322BOYAmt
EOY$145,092,295EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$139,495ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,368,885OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$151,575,073OtherCostOrOtherBasisAmt
Depreciation$40,688,408DepreciationAmt
Book Value$110,886,665BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$110,886,665TotalBookValueLandBuildingsAmt
Total Book Value Program Rltd$15,630,760TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
ACCUM POSTRETIREMENT BENEFIT OBLIGATIONS$485,691
CONSUMER DEPOSITS$766,178
DEFERRED CREDITS$301,945
other$127,908
FieldValueIRS element (for citing)
Total Liability$1,681,722TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationThe Cooperative follows the guidance for "uncertain tax positions" in accordance with accounting principles generally accepted in the United States of America. The Cooperative has determined that it is more likely than not that their tax positions will be sustained upon examination by the Internal Revenue Service.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
Dawn Bodenberg
Manager Human Reso$111,743$43,945$101,542$1,400$258,630
George Taughinbaugh
Manager Energy Use$100,907$44,211$77,103$1,400$231,621$8,000
Lynn Wallas
Mgr. Admin/Mem$137,710$42,496$78,374$1,400$264,480$4,500
Marvin Snyder
Mgr. Operations$105,522$40,794$37,134$1,400$194,850$10,000
Michael Ward
Superintendant$90,425$47,854$36,752$1,400$183,431$7,000
Richard Redding
Superintendent$91,749$54,611$30,462$1,400$185,222$7,000
Scott Wehler
VP Engineering$150,723$67,911$112,116$1,400$358,607$26,457
Steven Rasmussen
CEO / GM$245,800$71,250$51,763$449$379,262$10,000$6,800$6,800

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonSteve RasmussenPersonNm
Relationship With OrgCEORelationshipWithOrgTxt
Loan PurposeERC LoanLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$35,000OriginalPrincipalAmt
Balance Due$33,571BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalfalseBoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$33,571TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (15 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 6: Explanation of Classes of Members or ShareholderAdams Electric Cooperative is an electric Cooperative that delivers electricity to the members of the cooperative. The members elect the board of directors, which is the governing body of the cooperative.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing BodyAll members of the corporation receive one vote with respect to selecting the corporation's board of directors. The board has monthly meetings and an annual meeting that is open to the entire membership.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or ShareholdersCertain decisions of the governing body are subject to approval by the members as provided in the bylaws.
Form 990, Part VI, Line 11b: Form 990 Review ProcessManagement receives and reviews a copy of the 990 with the governing body prior to filing the return with the IRS.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsDuring meetings if a board member has a potential conflict they will excuse themselves from voting on the particular matter involving the conflict.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesThe governing body does an annual performance review of the CEO / GM and approves the compensation package associated with this position. This includes analyzing industry data and insuring compensation falls within that data.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableGoverning documents and policies are available upon request. Financial data is presented to the membership at the annual meeting and is included within the 990, which is also available upon request.
Other Changes In Net Assets Or Fund Balances - Other DecreasesChange in unrealized loss = -$0
Other Changes In Net Assets Or Fund Balances - Other DecreasesContributions in aid of construction not revenue per gaap = -$792462
Other Changes In Net Assets Or Fund Balances - Other IncreasesIncrease in Memberships = $7894
Other Changes In Net Assets Or Fund Balances - Other Increasesnoncash patronage capital allocations not revenue per IRS = $938479
Other Changes In Net Assets Or Fund Balances - Other IncreasesPatronage Div. paid to members' accts not expense per gaap = $3156374
Other Changes In Net Assets Or Fund Balances - Other DecreasesRetirement of Capital Credits = -$1941400
FORM 990 PART VII COLUMN (F)INCLUDED IN FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C) IS THE ACTUARIAL INCREASE IN DEFINED BENEFIT PLANS. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL.
Form 990, Part IX, Line 4 Benefits Paid To or For MembersPatronage dividends are credited to members' accounts in accordance with the pre-existing obligation in Adams Electric Cooperative's by-laws. The Cooperative is obligated to allocate margins for each patron all such amounts in excess of operating costs and expenses. IRS instructions for line 4 changed in 2011 to include patronage dividends of section 501(c)(12) organizations. Accordingly, these amounts are now reported on line 4.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Adams Utility Services CompanyBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11338 Biglerville RoadAddressLine1Txt
CityGettysburgCityNm
State AbbreviationPAStateAbbreviationCd
ZIP17325ZIPCd
FieldValueIRS element (for citing)
EIN232221815EIN
Primary ActivitiesHolding CompanyPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Adams Electric CooperativeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$331,242ShareOfTotalIncomeAmt
Share Of EOY Assets$4,044,761ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Adams Utility Services CompanyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypepTransactionTypeTxt
Involved$1,614InvolvedAmt
Method Of Amount DeterminationCostsMethodOfAmountDeterminationTxt