2015-11-10T11:38:11-08:00 2014-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2014-01-01 230329885 ADAMS ELECTRIC COOPERATIVE INC ADAM 7173349211 1338 BIGLERVILLE ROAD GETTYSBURG PA 17325 THOMAS J KNAUB Treasurer 2015-11-10 true G STEVEN GILLIAM CPA P00348264 8043231313 2014 2016-02-25 16:41:14Z THOMAS J KNAUB 1338 BIGLERVILLE ROAD GETTYSBURG PA 173251055 63922766 false false X www.adamsec.coop X 1941 PA Safe and effective distribution of electricity to members. 9 9 102 28337 0 60249530 61247099 234034 156262 2488276 2519275 62971840 63922636 0 3758584 3156375 9385679 10012280 0 0 49131517 50893476 62275780 64062131 696060 -139495 141956322 145092295 94983115 96889698 46973207 48202597 Safe and effective distribution of electricity to members. false false THE 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 $5,079,428 false false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false true false false false false false false false false false true true true false false true 75 0 true 102 true true true false false false false false false false 61247099 1892012 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X THE CORPORATION 7173349211 1338 BIGLERVILLE ROAD GETTYSBURG PA 17325 JAY E GROVE President 8.00 6.00 X X 16925 4950 0 GLENN E BANGE Vice President 6.00 6.00 X X 13700 5500 0 S EUGENE HERRITT Director 7.00 1.00 X 12725 6800 0 THOMAS J KNAUB Treasurer 9.00 3.00 X X 14700 5500 0 THOMAS R HARBAUGH Secretary 10.00 0.00 X X 14800 0 0 NADINE HUBNER Director 12.00 0.00 X 15675 0 0 DANIEL EISENHART Director 8.00 0.00 X 14025 0 0 WILLIAM E MYERS Director 8.00 0.00 X 12125 0 0 RAY SCHWARTZ Director 7.00 0.00 X 13300 0 0 Steven Rasmussen CEO / GM 55.00 5.00 X 327050 6800 52212 Lynn Wallas Mgr. Admin/Mem 60.00 0.00 X 184706 0 79774 Scott Wehler VP Engineering 50.00 0.00 X 245091 0 113516 Michael Ward Superintendant 55.00 0.00 X 145279 0 38152 Dawn Bodenberg Manager Human Reso 50.00 0.00 X 155688 0 102942 Marvin Snyder Mgr. Operations 55.00 0.00 X 156316 0 38534 George Taughinbaugh Manager Energy Use 45.00 0.00 X 153118 0 78503 Richard Redding Superintendent 55.00 0.00 X 153360 0 31862 1648583 29550 535495 24 false true false Asplundh PO BOX 827464 PHILADELPHIA PA 19182 Tree Trimming 4473596 John R Wyles Inc RD 1 Box 14 James Creek PA 16657 Line Construction 757253 PREA 212 Locust Street Harrisburg PA 17108 Statewide Corp. Supp 460842 T&D Solutions LLC PO Box 11949 Alexandria LA 71315 Construction Contrac 296822 NISC PO Box 58544 Mandan ND 58544 Support Services 415630 11 0 SALES OF ELECTRICITY 61247099 61247099 61247099 126742 24 126718 0 0 12000 785060 130 12000 784930 796930 12000 1275 783655 29520 29520 29520 29520 0 0 0 CONTRIB. IN AID OF CONSTR 792462 792462 Equity Earnings from Sub 331242 331242 PATRONAGE ALLOC. RECEIPTS 571603 571603 27038 27038 1722345 63922636 62954406 28337 939893 0 0 0 3156375 1130324 0 6868390 1320747 82800 610019 0 57492 0 0 0 0 0 0 0 0 0 0 0 0 0 3631821 0 4555192 0 COST OF POWER 37486300 DISTRIBUTION MAINTENANCE 5079428 ADMIN & GENERAL 1660436 CONSUMER ACCOUNTS 1127655 -2704848 64062131 0 0 0 429034 751354 625389 585413 0 8098212 8150027 0 0 441232 470225 868871 982055 5403693 4003035 151575073 40688408 106791755 110886665 0 3301519 3632761 15996617 15630760 0 0 141956322 145092295 7645598 6872472 85084624 88335504 2252893 1681722 94983115 96889698 X 630610 638505 46342597 47564092 46973207 48202597 141956322 145092295 X -139495 1368885 X false true X true false 151575073 40688408 110886665 110886665 15630760 ACCUM POSTRETIREMENT BENEFIT OBLIGATIONS 485691 CONSUMER DEPOSITS 766178 DEFERRED CREDITS 301945 other 127908 1681722 X Part X : FIN48 Footnote The 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. X X X X false false false Dawn Bodenberg Manager Human Reso 111743 43945 101542 1400 258630 George Taughinbaugh Manager Energy Use 100907 8000 44211 77103 1400 231621 Lynn Wallas Mgr. Admin/Mem 137710 4500 42496 78374 1400 264480 Marvin Snyder Mgr. Operations 105522 10000 40794 37134 1400 194850 Michael Ward Superintendant 90425 7000 47854 36752 1400 183431 Richard Redding Superintendent 91749 7000 54611 30462 1400 185222 Scott Wehler VP Engineering 150723 26457 67911 112116 1400 358607 Steven Rasmussen CEO / GM 245800 6800 10000 71250 51763 449 379262 6800 Steve Rasmussen CEO ERC Loan X 35000 33571 false false true 33571 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Adams 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 Body All 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 Shareholders Certain 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 Process Management 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 Conflicts During 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 Employees The 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 Available Governing 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 Decreases Change in unrealized loss = -$0 Other Changes In Net Assets Or Fund Balances - Other Decreases Contributions in aid of construction not revenue per gaap = -$792462 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in Memberships = $7894 Other Changes In Net Assets Or Fund Balances - Other Increases noncash patronage capital allocations not revenue per IRS = $938479 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage Div. paid to members' accts not expense per gaap = $3156374 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement 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 Members Patronage 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. Adams Utility Services Company 1338 Biglerville Road Gettysburg PA 17325 232221815 Holding Company PA Adams Electric Cooperative C 331242 4044761 1.00000 true false false false false false false false false false false false false false false false true false false false Adams Utility Services Company p 1614 Costs