2014-07-23T08:39:30-05:00 2013-12-31 232932984 PARENTEBEARD LLC 2609 KEISER BOULEVARD WYOMISSING PA 196103338 990 2013-01-01 240548304 CLAVERACK RURAL ELECTRIC COOPERATIVE CLAV 5702652167 32750 ROUTE 6 WYSOX PA 18854 BOBBI J KILMER PRESIDENT/CEO 5702652167 2014-07-21 1 CHARLES A BEZLER P00193859 6109274910 2013 2015-11-30 17:44:51Z BOBBI J KILMER 32750 ROUTE 6 WYSOX PA 18854 30309797 0 X WWW.CLAVERACK.COM X 1936 PA PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA 9 9 0 0 0 0 0 0 0 0 63734 56588 15204787 15682510 15268521 15739098 0 0 441480 380453 681789 668647 0 0 0 11368898 10892952 12492167 11942052 2776354 3797046 70800848 73820627 39735383 38381233 31065465 35439394 PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA 0 0 PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 1 0 0 0 0 0 0 0 0 0 0 0 0 29147923 810354 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SHELLEY YOUNG 5702652167 32750 ROUTE 6 WYSOX PA 18854 THOMAS J ELLIOTT DIRECTOR-VICE SECRETARY/T 5.50 X 13650 0 0 STEVEN T SLIWINSKI DIRECTOR - CHAIRMAN 4.30 X 16400 0 0 JAMES E LUCE DIRECTOR - VICE CHAIRMAN 5.10 X 15800 0 0 MICHAEL J COLEMAN DIRECTOR - SECRETARY/TREAS 5.00 X 15800 0 0 CHARLES R BULLOCK DIRECTOR 5.50 X 17400 0 0 ROBERT R FAUX DIRECTOR 4.50 X 16400 0 0 CHARLES R MCNAMARA DIRECTOR 5.50 X 18200 0 0 ANGELA S JOINES DIRECTOR 4.10 X 16800 0 0 DANISE C FAIRCHILD DIRECTOR 2.50 X 11534 0 0 BOBBI J KILMER PRESIDENT/CEO 50.00 X 0 168456 69914 SHELLEY R YOUNG DIRECTOR OF FINANCE 45.00 X 0 80520 46711 STEVEN ALLABAUGH DIRECTOR OF ENGINEERING 45.00 X 0 106265 54797 141984 355241 171422 0 0 1 1 ALLEGHENY ELECTRIC COOPERATIVE PO BOX 1266 HARRISBURG PA 17108 WHOLESALE ELECTRICITY 14628581 C&T ENTERPRISES INC 33 AUSTIN STREET WELLSBORO PA 16901 LABOR AND MANAGEMENT SERVICES 5501171 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOWGROVE PA 19090 TREE CUTTING SERVICES 1366497 BNF POWERLINE CONSTRUCTION INC 361 BRUMBAUGH ROAD ROARING SPRING PA 16673 LINE CONSTRUCTION SERVICES 498181 MASTEC NORTH AMERICA 362 OLD DURHAM ROAD ROXBORO NC 27573 LINE CONSTRUCTION SERVICES 329698 5 56588 56588 33996 33996 29147923 14570699 14577224 14577224 EQUITY INCOME AFFILIATE 212000 714083 714083 G&T & OTHER CAPITAL CREDITS 212000 351520 351520 OTHER NON-OPERATING 212000 5687 5687 1071290 15739098 15642827 0 96271 X 380453 668647 18391 20249 1416122 64017 376701 199843 53434 168787 94505 1484686 3894441 2715478 14389 MEMBERSHIP DUES/PUBLICA 259204 112705 11942052 868073 1317016 2800982 2000828 4243019 4411361 719658 699336 538139 572768 89342096 40892175 48092570 48449921 30107 49283 13508300 14201381 2118733 70800848 73820627 3815160 3727436 29768450 28400177 500000 6151773 5753620 39735383 38381233 X 160225 156210 0 0 30905240 35283184 31065465 35439394 70800848 73820627 X 3797046 576882 X 0 1 X 1 0 89342096 40892175 48449921 48449921 7364354 C PATRONAGE CAPITAL IN ASSOC. COOPERATIVES 5474931 C CAPITAL CERTIFICATE ISSUED BY NRUCCFC 1247016 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 115080 C 14201381 ACCUMULATED POST RETIREMENT BENEFITS 5672821 DEFERRED INSTALLATION CHARGES CONTRA ACCOUNT 80799 5753620 30309797 14570699 14570699 15739098 0 15739098 26893204 14570699 14570699 12322505 -380453 -380453 11942052 PART XI, LINE 2D - OTHER ADJUSTMENTS: PURCHASED POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASED POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT TO CAPITAL CREDIT SCHEDULE D PART XII, LINE 2D: PURCHASED POWER $14,570,699 PART XII, LINE 4B: CLAVERACK RETIRED $380,453 OF CAPITAL CREDITS TO ITS MEMBERS IN 2013. THIS AMOUNT IS INCLUDED IN BENEFITS PAID TO OR FOR MEMBERS AS INDICATED ON SCHEDULE O. X X X X 0 0 0 THOMAS J ELLIOTT DIRECTOR-VICE SECRETARY/T 13650 11250 0 0 0 0 0 0 0 0 13650 11250 0 0 JAMES E LUCE DIRECTOR - VICE CHAIRMAN 15800 11250 0 0 0 0 0 0 0 0 15800 11250 0 0 MICHAEL J COLEMAN DIRECTOR - SECRETARY/TREAS 15800 11250 0 0 0 0 0 0 0 0 15800 11250 0 0 CHARLES R BULLOCK DIRECTOR 17400 10500 0 0 0 0 0 0 0 0 17400 10500 0 0 BOBBI J KILMER PRESIDENT/CEO 0 168456 0 0 0 0 0 0 0 69914 0 238370 0 0 SHELLEY R YOUNG DIRECTOR OF FINANCE 0 80520 0 0 0 0 0 0 0 46711 0 127231 0 0 STEVEN ALLABAUGH DIRECTOR OF ENGINEERING 0 106265 0 0 0 0 0 0 0 54797 0 161062 0 0 BOBBI KILMER CEO 168456 PAYROLL BENEFITS AND RELATED MANAGEMENT SERVICES 0 BOBBI KILMER DIRECTOR 534524 PURCHASE OF MATERIALS AND SUPPLIES FROM UNITED UTILITY SUPPLY COOPERATIVE CORP. OF WHICH BOBBI KILMER IS A DIRECTOR 0 MICHAEL COLEMAN DIRECTOR 14570699 PURCHASE OF WHOLESALE ELECTRICITY FROM ALLEGHENY ELECTRIC COOPERATIVE OF WHICH MICHAEL COLEMAN IS A DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 3 CLAVERACK RURAL ELECTRIC COOPERATIVE IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY CLAVERACK AND TRI-COUNTY ELECTRIC COOPERATIVE, INC. CLAVERACK AND TRI-COUNTY EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO CLAVERACK AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE CLAVERACK PRESIDENT & CEO. FORM 990, PART VI, SECTION A, LINE 6 CLAVERACK RURAL ELECTRIC COOPERATIVE IS OWNED BY THOSE WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS ASSETS ONLY WHEN AUTHORIZED BY THE AFFIRMATIVE VOTE OF TWO THIRDS OF THE ENTIRE MEMBERSHIP OF THE COOPERATIVE. ALSO, THE BYLAWS OUTLINE THE PROCESS BY WHICH MEMBERS COULD PETITION FOR THE REMOVAL OF A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT OF THE FORM 990 IS REVIEWED WITH THE AUDIT, RATE & BUDGET COMMITTEE. THE FORM 990 IS THEN DISTRIBUTED AND REVIEWED AT THE MEETING OF BOARD OF DIRECTORS. THE BOARD, UPON THEIR SATISFACTION WITH THE FORM, WILL TAKE ACTION, AUTHORIZING THE CEO TO SIGN AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND COMPLIANCE ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS NEGOTIATED AFTER A REVIEW OF COMPARABLE POSITIONS ON A NATIONAL, REGIONAL AND LOCAL LEVEL. VARIOUS SURVEY DATA IS USED TO INCLUDE A NATIONAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THE SALARY IS THEN INCLUDED AS A CONTRACTUAL ITEM IN THE CEO'S EMPLOYMENT CONTRACT. THE CONTRACT IS A THREE WAY AGREEMENT BETWEEN THE CEO, THE ORGANIZATION AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH CLAVERACK OWNS 50%. C&T PROVIDES MANAGEMENT SERVICES TO INCLUDE PAYROLL AND BENEFIT ADMINISTRATION FOR ALL EMPLOYEES INCLUDING THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING 3,115. AFTER HOURS CALL CENTER 124,902. LINE INSPECTION 62,420. ROW/TREE TRIMMING/HERVICIDE SPRAYING 1,225,685. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME (LOSS) 580,897. MEMBERSHIP FUNDS -4,015. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: PLEASE NOTE THAT $3,367,146 WAS ALLOCATED TO CLAVERACK MEMBERS IN 2013. THIS AMOUNT CONSISTED OF OPERATING MARGINS TOTALING $3,015,626 AND OTHER CAPITAL CREDITS TOTALING $351,520. CLAVERACK ALSO RETIRED $380,453 OF CAPITAL CREDITS TO ITS MEMBERS IN 2013. THIS AMOUNT OF $380,453 IS STATED IN PART I, LINE 14.