2014-05-05T04:32:09-07:00 2013-12-31 Mostert Manzanero & Scott LLP 4 Associate Dr Oneonta NY 13820 990 2013-01-01 160650108 STEUBEN RURAL ELECTRIC COOPERATIVE INC STEU 6077764161 9 WILSON AVENUE BATH NY 14810 WAYNE SHERWOOD CEO 2014-05-05 true DEBORAH L MOSTERT P01213266 6074328700 2013 2015-11-30 17:44:51Z WAYNE SHERWOOD 9 WILSON AVE BATH NY 14810 11094122 false false X WWW.STEUBENREC.COM X 1941 NY The mission of the Steuben Rural Electric Cooperative, Inc. is to improve the quality of rural life in our franchise area by providing low cost, reliable electricity and related services to all current members and as many future members as the law allows. 10 10 30 0 0 10082084 10344586 31396 73826 -388620 161585 9724860 10579997 0 203001 324779 339548 383637 0 0 8237655 8626158 8780204 9334574 944656 1245423 39568760 41538034 27866884 28387969 11701876 13150065 The mission of the Steuben Rural Electric Cooperative, Inc. is to improve the quality of rural life in our franchise area by providing low cost, reliable electricity and related services to all current members and as many future members as the law allows. false false 7148752 10344586 PROVIDED ELECTRIC SERVICE TO 7025 CUSTOMERS OVER 1517 MILES OF DISTRIBUTION LINE 7148752 false false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false true 24 0 true 30 true false false false false false false false false false 10127225 761203 false false false X 10 10 false false false false true true true true true false false true true true true true true true false false X DAVID A PETERSON 6077764161 SREC 9 WILSON AVE BATH NY 14810 GORDON FOSTER President 9.00 0.00 X X 16000 0 0 JAMES R MCCORMICK Treasurer 2.50 0.00 X X 6250 0 0 JOSEPH HAURYSKI Secretary 2.00 0.00 X X 5000 0 0 ROBERT V NICHOLS Director 6.75 0.00 X 13700 0 0 JANICE HOAD Director 2.25 0.00 X 6250 0 0 WILLIAM H MOSS III Director 4.75 0.00 X 1250 0 0 GARY BROCKWAY Director 4.50 0.00 X 10500 0 0 LAURENCE ELLIS Director 8.00 0.00 X 12500 0 0 WILLIAM MOSS Director 4.75 0.00 X 6250 0 0 JENNIFER THURBER Director 4.25 0.00 X 10500 0 0 WAYNE SHERWOOD CEO 40.00 0.00 X 122092 0 49948 DAVID PETERSON FINANCE MANAGER 40.00 0.00 X 86068 0 37329 296360 87277 1 false true false Strauss Tree Service Inc 10646 County Route 119 Addison NY 14801 Tree Clearing 397874 ASPLUNDH TREE EXPERT 708 BLAIR MILL RD WILLOW GROVE PA 19090 MOWING 125731 2 0 CONSERVATION PROGRAMS 221000 -26000 -26000 ELECTRIC SERVICE REVENUE 221000 10370586 10370586 10344586 73826 73826 0 0 780000 514125 265875 265875 265875 0 0 0 0 CAPITAL CREDITS & PATRON 31897 31897 LOSS FROM SUBSIDIARY 221000 -141032 -141032 MISCELLANEOUS 221000 4845 4845 -104290 10579997 10474274 105723 0 0 0 324779 383637 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 690362 0 1092429 0 COST OF POWER 2528991 DISTRIBUTION OPERATION 1602917 DISTRIBUTION MAINTENANCE 1276335 ADMINISTRATIVE & GENERAL 902831 532293 9334574 0 0 0 319726 195852 848493 1713096 0 3732519 2280227 0 0 1601678 486226 431632 591877 552998 51528572 16977505 34308508 34551067 0 0 0 0 -718589 211484 39568760 41538034 499844 1156847 27042379 26903774 324661 327348 27866884 28387969 X 276105 282905 696127 892093 10729644 11975067 11701876 13150065 39568760 41538034 X 1245423 202766 X false true X true false 51528572 16977505 34551067 34551067 POST RETIREMENT BENEFITS 327348 327348 X 10757174 177177 177177 10579997 10579997 9186972 177177 177177 9009795 324779 324779 9334574 Part X : FIN48 Footnote The Cooperative is exempt from federal income taxes under Section 501(c)(12) of the Internal Revenue Code and the regulations thereunder. The Cooperative is exempt from New York franchise tax under the New York Rural Electrification Law.The Cooperative reviews the components of revenues, gains, and other support and analyzes whether the position that the organization takes with regard to a particular item of income would meet the definition of an uncertain tax position under generally accepted accounting principles .The Cooperative files information returns in the U.S. federal jurisdiction. The tax years that remain subject to examination by taxing authorities is generally the previous three years. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 RENTAL EXPENSES $177177 Part XII, Line 2d: Other expenses and losses per audited F/S RENTAL EXPENSES $177177 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S RETIREMENTS OF CAPITAL CREDITS $324779 false false false WAYNE SHERWOOD CEO 122092 49948 172040 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Any person firm, association, corporation or body politic or subdivision thereof may become a member in Steuben Rural Electric Cooperative, Inc. by:A. Filing a written application for membership therein;B. Agreeing to purchase from the Cooperative electric energy;C. Agreeing to comply with and be bound by the Articles of Incorporation and Bylaws of the Cooperative and any Rules and Regulations adopted by the Board of Directors; andD. Paying the membership fee. No member may hold more than one(1) membership in the Cooperative, and no membership in the cooperative shall be transferable. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body There is a nominating committee made up of Co-op members (none are on the board) that meet at least once a year. Each member presents at least two candidates to run for seats up for election. Per bylaws, candidates may also be nominated by petition. Candidates can also be nominated from the floor during the Cooperative's annual meeting. All candidates are then voted on by the members in attendance at the annual meeting and by any proxies received prior to or at the meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Board decisions are passed by a majority vote of board members. Any proposed bylaw changes are voted on by the members at the next annual meeting of the members in accordance with the Cooperative bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process All directors receive a draft copy of the completed form and are asked to provide changes/corrections which are documented in board meeting minutes. The final completed form is provided to the auditor for submission to regulatory agencies. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The policy committee reviews and discusses policies on an ongoing basis and recommends possible changes to the entire board as appropriate. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management A committee made up of members of the Board of Directors meet to discuss proposed compensation increases. Recommendations are submitted to the entire board and passed by a majority vote of the board. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Cooperative shall produce the documents upon receipt of a written request of the public. The Cooperative will keep a record of the written request. Other Changes In Net Assets Or Fund Balances - Other Increases INCREASE IN MEMBERSHIPS = $6800 Other Changes In Net Assets Or Fund Balances - Other Increases INCREASE IN OTHER EQUITIES = $195966 SREC GENERATING COMPANY INC 9 WILSON AVENUE BATH NY 14810 263794241 GENERATION NY N/A C CORP -141032 499114 1.00000 false false false false false false false false false false true false false false false true false false false false SREC GENERATING COMPANY INC j 780000 CONTRACT SREC GENERATING COMPANY INC o 43834 CONTRACT