CLAIBORNE ELECTRIC COOPERATIVE INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CLAIBORNE ELECTRIC COOPERATIVE INC (EIN 72-0154371)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-17
- IRS object ID
- 201403219349301095
- 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 | 2014-11-17T09:29:37-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Schmidt & Company LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 923 NE Woods Chapel Rd Suite 304 | AddressLine1 |
| City | Lees Summit | City |
| State | MO | State |
| ZIP Code | 64064 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 720154371 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAIBORNE ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLAI | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 719 | AddressLine1 |
| City | Homer | City |
| State | LA | State |
| ZIP Code | 71040 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELISSA WATTS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3189273504 | PhoneNum |
| Signature | 2014-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Matthew D Sharp CPA | PreparerPersonNm |
| PTIN | P01780607 | PTIN |
| Phone | 8883910229 | PhoneNum |
| Preparation | 2014-11-17 | PreparationDt |
| 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 | HEZ ELKINS | PrincipalOfficerNm |
| Gross Receipts | $45,872,162 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.our.coop | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | LA | LegalDomicileStateCd |
| Activity Or Mission | The wholesale purchase, distribution, and retail sale of electricity for rural members. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 85 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $41,301,428 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $45,773,631 | CYProgramServiceRevenueAmt |
| PY Investment Income | $48,420 | PYInvestmentIncomeAmt |
| CY Investment Income | $98,531 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $41,349,848 | PYTotalRevenueAmt |
| CY Total Revenue | $45,872,162 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $105,100 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $42,443,332 | PYOtherExpensesAmt |
| CY Other Expenses | $44,285,012 | CYOtherExpensesAmt |
| PY Total Expenses | $42,443,332 | PYTotalExpensesAmt |
| CY Total Expenses | $44,390,112 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,093,484 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,482,050 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $88,521,503 | TotalAssetsBOYAmt |
| Total Assets EOY | $98,896,344 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $68,326,205 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $77,159,326 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,195,298 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,737,018 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The wholesale purchase, distribution, and retail sale of electricity for rural members. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $44,390,112 | ExpenseAmt |
| Revenue | $45,872,162 | RevenueAmt |
| Desc | Provide electrical power to rural members. | Desc |
| Total Program Service Expenses | $44,390,112 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| 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 | false | 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 | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 40 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 85 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | $45,071,747 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $584,432 | 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 | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELISSA WATTS | PersonNm |
| Phone | 3189273504 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 719 | AddressLine1 |
| City | Homer | City |
| State | LA | State |
| ZIP Code | 71040 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| HEZ ELKINS | |||||||
| PRES | 8.00 | 0.00 | Yes (X) | Yes (X) | $22,938 | $0 | $0 |
| EDDIE HARMON | |||||||
| VP | 8.00 | 0.00 | Yes (X) | Yes (X) | $23,003 | $0 | $0 |
| RICHARD NOLES | |||||||
| SECTREAS | 12.00 | 0.00 | Yes (X) | Yes (X) | $30,177 | $0 | $0 |
| DANIEL GREEN | |||||||
| DIR | 8.00 | 0.00 | Yes (X) | $22,875 | $0 | $0 | |
| LANE DAVIDSON | |||||||
| DIR | 10.00 | 0.00 | Yes (X) | $23,970 | $0 | $0 | |
| PHILIP FINCHER | |||||||
| DIR | 10.00 | 0.00 | Yes (X) | $25,654 | $0 | $0 | |
| RAND KILLGORE | |||||||
| DIR | 10.00 | 0.00 | Yes (X) | $33,161 | $0 | $0 | |
| LEROY PERRITT | |||||||
| DIR | 10.00 | 0.00 | Yes (X) | $25,677 | $0 | $0 | |
| DAVID FARRAR | |||||||
| DIR | 8.00 | 0.00 | Yes (X) | $6,344 | $0 | $0 | |
| MARK BROWN | |||||||
| GM & CEO | 60.00 | 0.00 | Yes (X) | $166,691 | $0 | -$1,121 | |
| MELISSA WATTS | |||||||
| CFO | 50.00 | 0.00 | Yes (X) | $103,624 | $0 | $44,583 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $484,114 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $43,462 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ECHO POWERLINE LLC | |||||
| PO BOX 539 | Bunkie | LA | 71322 | ELECTRICAL CONTRAC | $1,582,604 |
| LOUISIANA BRIDGE INC | |||||
| PO BOX 489 | Farmerville | LA | 71241 | DIRT CONTRACTOR | $426,400 |
| APPLE TREE SERVICE | |||||
| 316 NORTH CEDAR ST | North Little Rock | AR | 72114 | TREE-TRIMMING | $523,798 |
| OSMOSE UTILITIES SERVICES INC | |||||
| PO BOX 8000 | Buffalo | NY | 14267 | POLE INSPECTION | $244,212 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | $44,423,203 | $44,423,203 | |
| POLE RENTAL REVENUE | 221000 | $215,983 | $215,983 | |
| CAPITAL CREDITS | 221000 | $394,237 | $394,237 | |
| OTHER REVENUES | 221000 | $119,515 | $119,515 | |
| MISC ELECTRIC REVENUES | 221000 | $620,693 | $620,693 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $45,773,631 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,680 | TotalRevenueColumnAmt |
| Exclusion | $70,680 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $27,851 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $27,851 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,851 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,851 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,872,162 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,585,499 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $286,663 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,100 | TotalAmt |
| Program Services | $105,100 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,615,831 | TotalAmt |
| Program Services | $2,615,831 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,403,277 | TotalAmt |
| Program Services | $3,403,277 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER | $26,731,186 | $26,731,186 |
| OPERATING & MAINT OF PLANT | $7,338,869 | $7,338,869 |
| ACCOUNTING COLLECTING CUST | $1,664,908 | $1,664,908 |
| A&G | $2,529,116 | $2,529,116 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,825 | TotalAmt |
| Program Services | $1,825 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,390,112 | TotalAmt |
| Program Services | $44,390,112 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $706,443 | BOYAmt |
| EOY | $1,919,444 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,954,080 | BOYAmt |
| EOY | $4,409,851 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,388,121 | BOYAmt |
| EOY | $2,405,571 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $485,272 | BOYAmt |
| EOY | $495,273 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $124,793,642 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $42,943,720 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,922,740 | BOYAmt |
| EOY | $81,849,922 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,761,286 | BOYAmt |
| EOY | $3,029,367 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,303,561 | BOYAmt |
| EOY | $4,786,916 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,521,503 | BOYAmt |
| EOY | $98,896,344 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,100,158 | BOYAmt |
| EOY | $19,610,467 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,085,423 | BOYAmt |
| EOY | $57,427,817 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,624 | BOYAmt |
| EOY | $121,042 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,326,205 | BOYAmt |
| EOY | $77,159,326 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,195,298 | BOYAmt |
| EOY | $21,737,018 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,195,298 | BOYAmt |
| EOY | $21,737,018 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,521,503 | BOYAmt |
| EOY | $98,896,344 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,482,050 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $59,670 | 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
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $124,793,642 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $42,943,720 | DepreciationAmt |
| Book Value | $81,849,922 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $81,849,922 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITIES IN OTHER ORGANIZATIONS | $2,814,968 | C |
| NON-UTILITY PROPERTY | $214,399 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $3,029,367 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED DEBITS | Desc |
| Book Value | $4,786,916 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $4,786,916 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| POSTRETIREMENT BENEFITS | $36,628 |
| DEFERRED CREDITS-CUST PREPAYMENTS | $84,414 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $121,042 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $45,872,162 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $45,872,162 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $45,872,162 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $44,285,012 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $44,285,012 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $105,100 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $105,100 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $44,390,112 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other expenses included on Form 990 (Part XII, line 4b) | Other expenses included on Form 990 include the capital credit allocation to the Cooperative's members. |
| Footnote for uncertain tax position under FIN 48 (Part X) | The Cooperative has been granted exemption from federal income tax under Section 501(c) (12) of the Internal Revenue Code. Net margins are allocated to patrons. The Cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c) (12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the Cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK BROWN | PersonNm |
| Title | GM & CEO | TitleTxt |
| Base Compensation Filing Org | $166,691 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | -$19,449 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $18,328 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $165,570 | TotalCompensationFilingOrgAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ASSOC OF LOUISIANA ELECTRIC COOPS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SHARE A COMMON DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $104,484 | TransactionAmt |
| Transaction | MEMBER SERVICES | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | MEMBER OWNED ELECTRIC COOPERATIVE WITH EACH MEMBER HAVING A VOTE |
| Member election for additional members Part VI line 7a | MEMBERS VOTE FOR BOARD OF DIRECTORS |
| Form 990 governing body review Part VI line 11 | BOARD OF DIRECTORS REVIEW ANNUAL TAX FILINGS |
| CEO executive director top management comp Part VI line 15a | MANAGEMENTS' COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY BOARD OF DIRECTORS |
| Other officer or key employee compensation Part VI line 15b | OTHER MANAGEMENT STAFF'S COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY CEO AND BOARD OF DIRECTORS |
| Governing documents etc available to public Part VI line 19 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT COOPERATIVE OFFICE |
| Explanation of other changes in net assets or fund balances Part XI line 9 | OTHER CHANGES IN NET ASSETS INCLUDE CHANGES TO MEMBERSHIPS, DONATED CAPITAL, CAPITAL CREDITS GAIN, AND PATRONS' CAPITAL CREDITS DURING THE YEAR. |
| General explanation attachment | Part IX, Line 4, Benefits paid to or for members- the Cooperative allocated patronage capital credits to its members in this amount. |