CLAY ELECTRIC COOPERATIVE INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CLAY ELECTRIC COOPERATIVE INC (EIN 59-0196695)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201403189349301655
- Schema version
- 2013v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T09:45:00-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590196695 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLAY | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Richard K Davis | PersonNm |
| Person Title | General Manager | PersonTitleTxt |
| Phone | 3524738000 | PhoneNum |
| Signature | 2014-10-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICHARD KENNETH DAVIS | PrincipalOfficerNm |
| Gross Receipts | $346,491,506 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CLAYELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICE AT COMPETITIVE RATES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 479 | TotalEmployeeCnt |
| Total Gross UBI | $984,637 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $341,581,646 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $345,428,339 | CYProgramServiceRevenueAmt |
| PY Investment Income | $334,759 | PYInvestmentIncomeAmt |
| CY Investment Income | $487,782 | CYInvestmentIncomeAmt |
| PY Other Revenue | $485,063 | PYOtherRevenueAmt |
| CY Other Revenue | $562,402 | CYOtherRevenueAmt |
| PY Total Revenue | $342,401,468 | PYTotalRevenueAmt |
| CY Total Revenue | $346,478,523 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $8,165,361 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $11,535,930 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,327,381 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,974,747 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $327,908,726 | PYOtherExpensesAmt |
| CY Other Expenses | $328,967,846 | CYOtherExpensesAmt |
| PY Total Expenses | $342,401,468 | PYTotalExpensesAmt |
| CY Total Expenses | $346,478,523 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $535,053,473 | TotalAssetsBOYAmt |
| Total Assets EOY | $571,366,574 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $245,500,786 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $274,537,974 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $289,552,687 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $296,828,600 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICE AT COMPETITIVE RATES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $346,478,523 | ExpenseAmt |
| Desc | PROVISION OF RELIABLE ELECTRIC SERVICE TO CONSUMERS IN A 15 COUNTY AREA. | Desc |
| Total Program Service Expenses | $346,478,523 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 253 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 479 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $337,356,163 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,874,153 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD K DAVIS | PersonNm |
| Phone | 3524738000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 326560308 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| FLOYD I GNANN | |||||||||
| TRUSTEE | 6.00 | 0.00 | Yes (X) | $4,250 | $0 | $0 | |||
| ANGUS S HASTINGS | |||||||||
| TRUSTEE-SECRETARY | 15.00 | 0.20 | Yes (X) | $15,650 | $0 | $0 | Yes (X) | ||
| CARL F HAGGLUND | |||||||||
| TRUSTEE | 12.00 | 0.20 | Yes (X) | $8,050 | $0 | $0 | |||
| SUSAN S REEVES | |||||||||
| TRUSTEE-PRESIDENT | 12.00 | 0.20 | Yes (X) | $15,900 | $0 | $0 | Yes (X) | ||
| CLYDE DEWITT HERSEY | |||||||||
| TRUSTEE | 10.00 | 0.20 | Yes (X) | $16,950 | $0 | $0 | |||
| KELLEY R SMITH JR | |||||||||
| TRUSTEE-TREASURER | 12.00 | 0.20 | Yes (X) | $19,050 | $0 | $0 | Yes (X) | ||
| LAURA G DEAN | |||||||||
| TRUSTEE | 12.00 | 0.50 | Yes (X) | $4,400 | $0 | $0 | |||
| JOHN HENRY WHITEHEAD JR | |||||||||
| TRUSTEE | 12.00 | 0.00 | Yes (X) | $13,550 | $0 | $0 | |||
| JOSEPH CARL MALPHURS | |||||||||
| TRUSTEE-VICE PRESIDENT | 10.00 | 0.20 | Yes (X) | $16,950 | $0 | $0 | Yes (X) | ||
| JOANN R SMITH | |||||||||
| TRUSTEE | 12.00 | 0.00 | Yes (X) | $13,800 | $0 | $0 | |||
| RICHARD KENNETH DAVIS | |||||||||
| GENERAL MANAGERCEO | 43.00 | 0.00 | $374,913 | $0 | $106,582 | Yes (X) | |||
| SANFORD MARK MAXWELL | |||||||||
| DIRECTOR-FINANCEADMINISTRATI | 41.00 | 0.20 | $188,657 | $0 | $72,720 | Yes (X) | |||
| HERMAN DYAL | |||||||||
| DIRECTOR-ENGINEERING | 44.00 | 0.00 | $198,679 | $0 | $58,214 | Yes (X) | |||
| HOWARD MILTON MOTT JR | |||||||||
| DIRECTOR-OPERATIONS | 45.00 | 0.00 | $182,276 | $0 | $65,872 | Yes (X) | |||
| LOUIE A CHAFF | |||||||||
| DISTRICT MANAGER-ORANGE PARK | 40.00 | 0.00 | $157,620 | $0 | $95,074 | Yes (X) | |||
| JAMES R BEELER JR | |||||||||
| DISTRICT MANAGER-PALATKASALT | 40.00 | 0.00 | $150,294 | $0 | $85,218 | Yes (X) | |||
| BRUCE MCHOLLAN | |||||||||
| DIRECTOR-INFOCOMM TECHNOLOGY | 45.00 | 0.00 | $179,932 | $0 | $165,093 | Yes (X) | |||
| RICHARD A GRAY | |||||||||
| DIRECTOR-HUMAN RESOURCES | 40.00 | 0.00 | $161,465 | $0 | $53,112 | Yes (X) | |||
| HENRY BARROW | |||||||||
| DIRECTOR-MEMBER RELATIONS | 45.00 | 0.00 | $161,024 | $0 | $61,212 | Yes (X) | |||
| CHERYL BEACH ROGERS | |||||||||
| DIRECTOR-INTERNAL AUDIT | 45.00 | 0.00 | $126,253 | $0 | $30,480 | Yes (X) | |||
| FRANK R HOLMES | |||||||||
| DIVISION CHIEF-DISTRIBUTNTRA | 40.00 | 0.00 | $126,796 | $0 | $73,492 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,136,459 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $867,069 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 41 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Asplundh Tree Expert Company | |||||
| PO Box 532729 | Atlanta | GA | 303532729 | RW Labor | $3,266,158 |
| The Angelo Group | |||||
| 11363 San Jose Blvd Bldg 300 | Jacksonville | FL | 32223 | Construction | $2,220,879 |
| Trimble Navigation Limited | |||||
| PO Box 203558 | Dallas | TX | 75320 | Professional Svcs | $2,116,793 |
| Baird Tree Company Inc | |||||
| PO Box 164 | Jacksboro | TN | 37757 | RW Labor | $1,699,175 |
| Lewis Tree Service Inc | |||||
| PO Box 731897 | Dallas | TX | 75373 | RW Labor | $1,188,885 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 18 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| ELECTRIC | 221000 | $336,960,799 | $336,724,713 | $236,086 | |
| QUALIFIED POLE RENTAL | 531390 | $2,731,887 | $2,731,887 | ||
| PATRONAGE CAPITAL | 900099 | $5,387,767 | $5,387,767 | ||
| INTEREST | 900099 | $331,553 | $331,553 | ||
| MERCHANDISING REVENUE | 900099 | $16,333 | $16,333 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $345,428,339 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,217 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $96,217 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,800 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,548 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $24,252 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,252 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $24,252 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $400,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $8,435 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $391,565 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $391,565 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $391,565 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| GAIN-RUS DEBT PREPAYMNT | 900099 | $205,416 | $205,416 | |
| MOTOR VEHICLE PROGRAM | 811000 | $153,702 | $153,702 | |
| CONSTRUCTION SERVICES | 230000 | $114,481 | $114,481 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $64,551 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $64,551 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $538,150 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $346,478,523 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $342,761,999 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $984,637 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,731,887 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,535,930 | TotalAmt |
| Program Services | $11,535,930 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,864,671 | TotalAmt |
| Program Services | $1,864,671 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,783,602 | TotalAmt |
| Program Services | $3,783,602 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,474 | TotalAmt |
| Program Services | $326,474 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,638 | TotalAmt |
| Program Services | $187,638 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,151,141 | TotalAmt |
| Program Services | $11,151,141 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,893,893 | TotalAmt |
| Program Services | $18,893,893 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $245,678,049 | $245,678,049 |
| Distribution Expense | $28,442,181 | $28,442,181 |
| Consumer Accounts Expense | $13,158,217 | $13,158,217 |
| Administrative & General | $3,643,263 | $3,643,263 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,813,464 | TotalAmt |
| Program Services | $7,813,464 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $346,478,523 | TotalAmt |
| Program Services | $346,478,523 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,525,276 | BOYAmt |
| EOY | $6,692,521 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,241 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,287,834 | BOYAmt |
| EOY | $23,282,053 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,669,028 | BOYAmt |
| EOY | $4,682,215 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,634,165 | BOYAmt |
| EOY | $49,699,187 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $621,316,820 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $201,591,857 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $411,881,896 | BOYAmt |
| EOY | $419,724,963 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,005,033 | BOYAmt |
| EOY | $67,285,635 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $535,053,473 | BOYAmt |
| EOY | $571,366,574 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,504,805 | BOYAmt |
| EOY | $35,603,268 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,475,540 | BOYAmt |
| EOY | $206,602,180 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
| EOY | $11,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,520,441 | BOYAmt |
| EOY | $21,332,526 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,500,786 | BOYAmt |
| EOY | $274,537,974 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,395 | BOYAmt |
| EOY | $696,245 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,858,292 | BOYAmt |
| EOY | $296,132,355 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $289,552,687 | BOYAmt |
| EOY | $296,828,600 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $535,053,473 | BOYAmt |
| EOY | $571,366,574 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $7,275,913 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $612,701 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $9,876,409 | OtherCostOrOtherBasisAmt |
| Book Value | $10,489,110 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $171,315 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $14,219,568 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,684,802 | DepreciationAmt |
| Book Value | $6,706,081 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $530,541,134 | OtherCostOrOtherBasisAmt |
| Depreciation | $193,904,606 | DepreciationAmt |
| Book Value | $336,636,528 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,895,693 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,449 | DepreciationAmt |
| Book Value | $65,893,244 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $419,724,963 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NATIONAL RURAL UTILITIES COOP | $10,485,101 | C |
| SEMINOLE ELECTRIC COOPERATIVE | $53,270,066 | C |
| COBANK | $2,407,572 | C |
| OTHER INVESTMENTS IN ASSOC ORG | $1,122,896 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $67,285,635 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OTH NON CURR LIAB | $10,435,685 |
| CONSUMER DEPOSITS | $10,896,841 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $21,332,526 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $345,872,749 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $345,872,749 | RevenueSubtotalAmt |
| Other Revenues Not Included | $605,774 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $605,774 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $346,478,523 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $334,336,817 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $334,336,817 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $12,141,706 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $12,141,706 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $346,478,523 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other revenues included on Form 990 (Part XI, line 4b) | Product and unrelated business expenses were netted against associated revenues and identified as other non-operating income on our Audited Financial Statements. Revenues included in that audit report line are reflected on Part VIII Statement of Revenue as merchandising, rental and miscellaneous revenue. The amortization of a gain on debt prepayment is reported as an offset to interest expense in the audited financial statements, as required by generally accepted accounting principles. The amount recognized in the audited financial statements is reported on Part VIII-Statement of Revenue as miscellaneous revenue related to the exempt function. |
| Other expenses included on Form 990 (Part XII, line 4b) | Product and unrelated business expenses were netted against associated revenues and identified as other non-operating income on our Audited Financial Statements. Revenues included in that audit report line are reflected on Part VIII Statement of Revenue as merchandising, rental and miscellaneous revenue. The amortization of a gain on debt prepayment is reported as an offset to interest expense in the audited financial statements, as required by generally accepted accounting principles. The amount recognized in the audited financial statements is reported on Part VIII-Statement of Revenue as miscellaneous revenue related to the exempt function. The Cooperative's audited 2013 net margins of $11,535,930 are reflected as an expense in the Form 990 as 'Benefits Paid to or for Members'. Net margins are allocated and distributed to members based on patronage. |
| Footnote for uncertain tax position under FIN 48 (Part X) | Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| RICHARD KENNETH DAVIS | ||||||
| GENERAL MANAGERCEO | $318,211 | $20,000 | $36,702 | $88,879 | $17,703 | $481,495 |
| SANFORD MARK MAXWELL | ||||||
| DIRECTOR-FINANCEADMINISTRATION | $172,648 | $16,009 | $61,415 | $11,305 | $261,377 | |
| HERMAN DYAL | ||||||
| DIRECTOR-ENGINEERING | $186,035 | $12,644 | $45,028 | $13,186 | $256,893 | |
| BRUCE MCHOLLAN | ||||||
| DIRECTOR-INFOCOMM TECHNOLOGY | $176,174 | $3,758 | $161,829 | $3,264 | $345,025 | |
| HOWARD MILTON MOTT JR | ||||||
| DIRECTOR-OPERATIONS | $175,291 | $6,985 | $53,721 | $12,151 | $248,148 | |
| RICHARD A GRAY | ||||||
| DIRECTOR-HUMAN RESOURCES | $157,835 | $3,630 | $46,994 | $6,118 | $214,577 | |
| HENRY BARROW | ||||||
| DIRECTOR-MEMBER RELATIONS | $156,282 | $4,742 | $51,583 | $9,629 | $222,236 | |
| CHERYL BEACH ROGERS | ||||||
| DIRECTOR-INTERNAL AUDIT | $125,245 | $1,008 | $23,464 | $7,016 | $156,733 | |
| LOUIE A CHAFF | ||||||
| DISTRICT MANAGER-ORANGE PARK | $143,251 | $14,369 | $86,867 | $8,207 | $252,694 | |
| JAMES R BEELER JR | ||||||
| DISTRICT MANAGER-PALATKASALT SPGS | $142,912 | $7,382 | $75,912 | $9,306 | $235,512 | |
| FRANK R HOLMES | ||||||
| DIVISION CHIEF-DISTRIBUTNTRANSMISS | $124,470 | $2,326 | $65,559 | $7,933 | $200,288 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Listed persons compensation information (Part I, line 4) | FormAndLineReferenceDesc |
| Explanation | The organization has agreed on a year to year basis to calculate the value of the difference in the defined benefit plan for the General Manager/CEO in a lump sum form, under the current guidelines of the defined benefit administrator, one with IRS limitations and one without limitations, any positive value will be paid as a taxable payment, in the current year. Richard Davis received $8,225 during 2013. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| SEMINOLE ELECTRIC COOPERATIVE | |||
| POWER SUPPLIER | $247,522,793 | PURCHASED POWER-NET | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| CONTRACTOR | -$10,215 | SEE ATTACHED | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| FRCC MEMBER | -$104,932 | DUES REIMBURSEMENT | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| CUSTOMER | -$6,509 | SEE ATTACHED | false |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Unrelated business income explanation Part V line 3b | Form 990-T is scheduled to be signed and filed on November 14, 2014. |
| Members or stockholder classes and rights Part VI line 6 | Clay Electric Cooperative had 139,249 members as of December 31, 2013. |
| Member election for additional members Part VI line 7a | Clay Electric Cooperative had eight members on the Board of Trustees at the end of the year. There was one vacancy. The Board of Trustee members serve three-year terms and each board member represents one trustee district within the cooperative's service area. Their terms are staggered in such a way that only three are up for election by the members each year. |
| Governing body decisions Part VI line 7b | The business and affairs of the cooperative are managed by a board of trustees which shall exercise all of the powers of the cooperative except such as by law, the articles of incorporation or the bylaws. If an amendment of the bylaws is proposed by the board of trustees the amendment must be presented to the membership. |
| Form 990 governing body review Part VI line 11 | The top financial official presented paper copies of the 2013 Form 990 to the Board of Trustees for their review at their monthly board meeting on October 23, 2014. |
| Conflict of interest policy compliance Part VI line 12c | It is a requirement that incumbents of certain positions within the Cooperative and the Board of Trustees annually complete and sign the Conflict of Interest Certification and Disclosure Form and deliver it to the General Manager/CEO or Board President. |
| CEO executive director top management comp Part VI line 15a | Comparability data was used to determine the Compensation for our CEO and was approved by our Board of Trustees. Board meeting minutes document the deliberations and decisions on the compensation arrangement. Board meeting minutes on November 21, 2013 reflect a performance appraisal and compensation review for our CEO. |
| Other officer or key employee compensation Part VI line 15b | Comparability data was used to evaluate the compensation for our other officer and key employees. |
| Governing documents etc available to public Part VI line 19 | Our governing documents (included in our Member Handbook), financial statements (included in our Kilowatt Newsletter) and conflict of interest policy are made available to the general public on our website at www.clayelectric.com. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Capital credits assigned for the year was $11,535,930 less net retirements of capital credits of $4,261,867 plus an increase in memberships of $1,850. |
| General explanation attachment | Part IX-Statement of Functional Expenses-In an attempt to maintain consistency in reporting we elected to report our expenses in the same categories used in prior years. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC COOPERATIVE | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SCHOLARSHIP TRUST INC POB 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576205431 | EIN |
| Primary Activities | PROVIDE SCHOLARSHIPS | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501c3 | ExemptCodeSectionTxt |
| Public Charity Status | Line 9 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC SERVICES INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591613094 | EIN |
| Primary Activities | PROVIDE MISC BUSINESS SVCS | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C Corp | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |