SAWNEE ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SAWNEE ELECTRIC MEMBERSHIP CORP (EIN 58-0246393)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-04-23
- IRS object ID
- 201421139349300102
- 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 | 2014-04-23T07:24:33-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1 |
| City | MACON | City |
| State | GA | State |
| ZIP Code | 312020001 | 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 | 580246393 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAWNEE ELECTRIC MEMBERSHIP | BusinessNameLine1 |
| Business Name Line2 | CORPORATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SAWN | BusinessNameControlTxt |
| Phone | 7708872363 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 266 | AddressLine1 |
| City | CUMMING | City |
| State | GA | State |
| ZIP Code | 30028 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL A GOODROE | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 7708872363 | PhoneNum |
| Signature | 2014-04-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J RANDOLPH NICHOLS | PreparerPersonNm |
| PTIN | P00347246 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2014-04-23 | 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 | SAME AS C ABOVE | PrincipalOfficerNm |
| Gross Receipts | $335,584,379 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SAWNEE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 318 | TotalEmployeeCnt |
| Total Gross UBI | $59,380 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $322,789,589 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $331,890,767 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,138,843 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,634,232 | CYInvestmentIncomeAmt |
| PY Other Revenue | $49,148 | PYOtherRevenueAmt |
| CY Other Revenue | $59,380 | CYOtherRevenueAmt |
| PY Total Revenue | $325,977,580 | PYTotalRevenueAmt |
| CY Total Revenue | $335,584,379 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $36,826,350 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $27,032,818 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $715,179 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $712,689 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $288,436,051 | PYOtherExpensesAmt |
| CY Other Expenses | $307,838,872 | CYOtherExpensesAmt |
| PY Total Expenses | $325,977,580 | PYTotalExpensesAmt |
| CY Total Expenses | $335,584,379 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $481,520,957 | TotalAssetsBOYAmt |
| Total Assets EOY | $525,873,692 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $275,890,228 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $311,686,874 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $205,630,729 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $214,186,818 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Revenue | $331,890,767 | RevenueAmt |
| Desc | TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. | Desc |
| 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 | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | 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 | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | 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 |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 63 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 318 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | 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 | $314,233,242 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $4,042,725 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | 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 | false | LocalChaptersInd |
| 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 | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAWNEE ELECTRIC MEMBERSHIP CORPORAT | PersonNm |
| Phone | 7708872363 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 226 | AddressLine1 |
| City | CUMMING | City |
| State | GA | State |
| ZIP Code | 30028 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DONNA O YOST | |||||||
| DIRECTOR | 2.42 | Yes (X) | $42,324 | $0 | $0 | ||
| RODNEY H REESE | |||||||
| SEC/TREASURE | 3.53 | Yes (X) | $35,463 | $0 | $0 | Yes (X) | |
| TERRY MATHIS | |||||||
| CHAIRMAN | 3.00 | Yes (X) | $34,798 | $0 | $0 | Yes (X) | |
| MARSHALL S MILLWOOD | |||||||
| VICE CHAIRMA | 2.71 | Yes (X) | $33,309 | $0 | $0 | Yes (X) | |
| LAMAR SEXTON | |||||||
| DIRECTOR | 2.13 | Yes (X) | $31,362 | $0 | $0 | ||
| GARY PORTER | |||||||
| DIRECTOR | 2.51 | Yes (X) | $31,318 | $0 | $0 | ||
| FRANK COKER | |||||||
| DIRECTOR | 2.48 | Yes (X) | $31,198 | $0 | $0 | ||
| LARRY EVANS | |||||||
| DIRECTOR | 2.32 | Yes (X) | $30,972 | $0 | $0 | ||
| PRESTON MARTIN | |||||||
| DIRECTOR | 1.56 | Yes (X) | $29,361 | $0 | $0 | ||
| MICHAEL A GOODROE | |||||||
| PRESIDENT & | 50.00 | $372,826 | $0 | $31,819 | Yes (X) | ||
| GARY MAULDIN | |||||||
| COO | 50.00 | $252,629 | $0 | $122,497 | Yes (X) | ||
| JERRY J SAMS | |||||||
| JOUR LINE TE | 50.00 | $150,621 | $0 | $42,738 | Yes (X) | ||
| BILLY G RICE | |||||||
| LINE SUPERVI | 50.00 | $145,983 | $0 | $28,324 | Yes (X) | ||
| VIRGINIA J ELLIS | |||||||
| CFO | 50.00 | $144,045 | $0 | $76,199 | Yes (X) | ||
| CHET D BLACKSTOCK | |||||||
| VP-OPERATION | 50.00 | $140,617 | $0 | $80,722 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,506,826 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $382,299 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 30 | 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 |
|---|---|---|---|---|---|
| GDS ASSOCIATES INC | |||||
| 1850 PARKWAY PLACE | MARIETTA | GA | 30067 | CONTRACTOR | $198,404 |
| ROSS MAINTENANCE AND SERVICE LLC | |||||
| PO BOX 189 | NEWTON GROVE | NC | 28366 | CONTRACTOR | $172,618 |
| MICROSOFT LICENSING GP | |||||
| 6100 NEIL ROAD | RENO | NV | 89511 | SW LICENSING | $118,035 |
| CROP PRODUCTION SERVICES | |||||
| PO BOX 10 | WALL LAKE | IA | 51466 | ROW CONTRACTOR | $111,035 |
| MCNAIR MCLEMORE MIDDLEBROOKS LLC | |||||
| PO BOX 1 | MACON | GA | 31202 | ACCOUNTANTS | $103,646 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRICITY SALES | 221000 | $327,281,593 | $327,281,593 |
| G & T CAPITAL CREDITS | 221000 | $2,372,849 | $2,372,849 |
| POLE RENTAL REVENUE | 221000 | $1,983,715 | $1,983,715 |
| OTHER CAPITAL CREDITS | 221000 | $252,610 | $252,610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $331,890,767 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,634,232 | TotalRevenueColumnAmt |
| Exclusion | $3,634,232 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NATURAL GAS FINDERS FEES | Desc |
| Business | 541800 | BusinessCd |
| Total Revenue Column | $59,380 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $59,380 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $59,380 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $335,584,379 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $331,890,767 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $59,380 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,634,232 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,032,818 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $704,750 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,939 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,410 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $934,389 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,168,380 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,433,948 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $230,562,735 |
| DISTRIBUTION MAINTENANCE | $15,023,589 |
| DISTRIBUTION OPERATIONS | $14,287,469 |
| OTHER EXPENSES | $11,599,343 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,633,609 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,584,379 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,436,693 | BOYAmt |
| EOY | $21,521,610 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,287,813 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,833,493 | BOYAmt |
| EOY | $14,675,168 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,535,962 | BOYAmt |
| EOY | $1,664,115 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,296 | BOYAmt |
| EOY | $4,091,521 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $509,526,066 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $112,444,652 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $382,674,862 | BOYAmt |
| EOY | $397,081,414 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,650,000 | BOYAmt |
| EOY | $37,650,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,204,869 | BOYAmt |
| EOY | $36,641,448 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,782 | BOYAmt |
| EOY | $10,260,603 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,520,957 | BOYAmt |
| EOY | $525,873,692 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,957,419 | BOYAmt |
| EOY | $33,708,641 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,139,205 | BOYAmt |
| EOY | $194,126,879 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,793,604 | BOYAmt |
| EOY | $83,851,354 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,890,228 | BOYAmt |
| EOY | $311,686,874 | 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 | $232,870 | BOYAmt |
| EOY | $220,360 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,397,859 | BOYAmt |
| EOY | $213,966,458 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,630,729 | BOYAmt |
| EOY | $214,186,818 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,520,957 | BOYAmt |
| EOY | $525,873,692 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $8,556,089 | 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) |
|---|---|---|
| Other Cost Or Other Basis | $3,897,017 | OtherCostOrOtherBasisAmt |
| Book Value | $3,897,017 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $505,629,049 | OtherCostOrOtherBasisAmt |
| Depreciation | $112,444,652 | DepreciationAmt |
| Book Value | $393,184,397 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $397,081,414 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| GTC-CAPITAL CREDITS | $15,736,773 | C |
| SMARR EMC-CAPITAL CREDITS | $10,106,465 | C |
| GRESCO UTILITY-CAPITAL CREDITS | $2,852,366 | C |
| GTC-CONTRIBUTED CAPITAL | $2,584,673 | C |
| NRUCFC-CAPITAL TERM CERTIFICAT | $2,459,927 | C |
| NRUCFC-CAPITAL CREDITS | $1,550,345 | C |
| OTHER INVESTMENTS | $494,666 | C |
| SMARR EMC-CONTRIBUTED CAPITAL | $487,775 | C |
| FEDERATED INSURANCE-CAPITAL CR | $368,458 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $36,641,448 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| REGULATORY LIABILITIES | $56,471,277 |
| ACCUM PROV FOR PENSION & BENEFITS | $20,667,083 |
| CONSUMER DEPOSITS | $6,712,994 |
| DEFERRED CREDITS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $83,851,354 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $322,884,379 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $322,884,379 | RevenueSubtotalAmt |
| Other Revenues Not Included | $12,700,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $12,700,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $335,584,379 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $308,551,561 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $308,551,561 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $27,032,818 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $27,032,818 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $335,584,379 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | REVENUE DEFERRED UNDER ASC 980 12,700,000 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL CREDITS 27,032,818 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| 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 (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt |
|---|---|---|---|---|---|
| MICHAEL A GOODROE | |||||
| PRESIDENT & CEO | $329,323 | $43,503 | $31,819 | $404,645 | |
| GARY MAULDIN | |||||
| COO | $232,849 | $19,780 | $30,345 | $375,126 | $92,152 |
| JERRY J SAMS | |||||
| JOUR LINE TECH | $150,226 | $395 | $19,035 | $193,359 | $23,703 |
| BILLY G RICE | |||||
| LINE SUPERVISOR | $144,343 | $1,640 | $28,324 | $174,307 | |
| VIRGINIA J ELLIS | |||||
| CFO | $139,342 | $4,703 | $28,164 | $220,244 | $48,035 |
| CHET D BLACKSTOCK | |||||
| VP-OPERATIONS | $128,564 | $12,053 | $28,888 | $221,339 | $51,834 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAGWELL & MATHIS TIRE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MATHIS-FAMILY | RelationshipDescriptionTxt |
| Transaction | $123,482 | TransactionAmt |
| Transaction | TIRE SERVICE | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IN INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICIES AS PROVIDED FOR IN ITS POLICIES WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15B | KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C, LINE 18. |
| FORM 990, PAGE 7, PART VII | PARENT ORGANIZATION HAS FILED A SEPARATE RETURN |
| FORM 990, PART XI, LINE 9 | REVENUE DEFERRED UNDER ASC 980 -12,700,000 PATRONAGE CAPITAL CREDITS 27,032,818 |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL 90,050 MEMBERSHIP FEES -12,510 RETIRED CAPITAL CREDITS - GAIN 286,702 RETIREMENTS OF CAPITAL CREDITS -6,140,971 |