2014-08-28T17:28:58-05:00 2013-12-31 590548468 PURVIS GRAY & COMPANY LLP 443 EAST COLLEGE AVENUE TALLAHASSEE FL 32301 990 2013-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 POST OFFICE BOX 1679 QUINCY FL 323531679 SEAN ALDERMAN DIRECTOR OF FINANCIAL SERVICES 8506277651 2014-08-21 true RYAN M TUCKER CPA P00524189 8502247144 2014-08-21 2013 2015-11-30 17:44:51Z TRACY BENSLEY GENERAL MANAGER POST OFFICE BOX 1679 QUINCY FL 323531679 123886278 false X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 192 900 11065 14270 121945153 123369223 587723 328086 900 122543941 123712479 11065 14270 2058977 2065996 2011208 2013913 0 0 114611493 115216411 118692743 119310590 3851198 4401889 241023584 248731265 139470651 143452828 101552933 105278437 TO PROVIDE ELECTRIC SERVICE TO MEMBERS false false TO PROVIDE ELECTRIC SERVICES TO MEMBERS. false false false false false false false false false true false true false true true false true false false false false false false false false false true false true false false false false false true false false false false false true true true false true 85 0 192 true false false false false true true 119366948 3008339 false X 9 9 true false false false true true true true true false false true true true true true true true true false X SEAN ALDERMAN 8506277651 1640 WEST JEFFERSON STREET QUINCY FL 323512134 JOSEPH ALEXANDER SEC/TREASURE 11.50 11.50 X X 26650 0 0 CARRIE DURDEN VICE-PRESID. 9.50 9.50 X X 25300 0 0 BOBBY STRICKLAND TRUSTEE 9.00 9.00 X 24900 0 0 SAMUEL FENN TRUSTEE 10.00 10.00 X 19700 0 0 MALLORY GREEN PRESIDENT 10.00 10.00 X X 18600 0 0 DAVID WRIGHT TRUSTEE 8.00 8.00 X 17950 0 0 DOUGLAS BRUCE TRUSTEE 1.50 1.50 X 16300 0 0 WILLIAM VANLANDINGHAM TRUSTEE 7.50 7.50 X 16250 0 0 CLIFFORD BRISTOL TRUSTEE 2.50 2.50 X 16200 0 0 TRACY BENSLEY GENERAL MANA 27.50 27.50 X 285638 0 70510 EUGENE KANIKOVSKY DIRFINSVS TH 27.50 27.50 X 184391 0 63298 TIMOTHY WADDLE DIR. WATER S 0.00 45.00 X 174488 0 72626 KENNETH COWEN DIR. ADMIN S 48.00 X 169627 0 69203 DWIGHT CALLAHAN DIR. INFORMA 42.00 X 145080 0 51075 DANE CLEMONS DIRECTOR OF 46.00 X 140617 0 9858 JEREMY NELMS DIR. ENGINEE 50.00 X 131973 0 40573 ALLEN SHEPARD DIR. OPERATI 48.00 0.00 X 125572 0 97534 1539236 474677 false true false PIKE ELECTRIC INC PO BOX 1000 DEPT 517 MEMPHIS TN 381480517 ELECTRIC CONTR. 1820805 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 TREE TRIMMING 1538251 TREES INC 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY 1038600 AON RISK SERVICES INC 75 REMITTANCE DRIVE CHICAGO IL 60675 RISK MANAGEMENT 817914 TOWNSEND TREE SERVICE CO LLC PO BOX 128 PARKER CITY IN 473680128 TREE TRIMMING 714236 16 14270 14270 SALE ELECTRICITY 221000 119366948 119366948 CAPITAL CREDITS 900099 2481062 2481062 GOVERNMENT GRANT PROCEEDS 221000 883459 883459 POLE RENTAL 532000 637754 637754 123369223 413388 413388 900 900 900 900 88497 173799 -85302 -85302 -85302 123712479 120250407 900 3446902 14270 2065996 1032801 981112 5601527 7710825 COST OF POWER 78546644 DISTRIB. EXPENSE -MAINTEN 8827261 ADMINISTRATIVE AND GENERA 5986900 DISTRIB. EXPENSE - OPERAT 5730790 2812464 119310590 0 0 0 3921591 5119921 13297420 14362141 6658390 2655311 1329794 1336160 3301946 7684690 245168478 71683013 170546373 173485465 41968070 44087577 241023584 248731265 11647752 12972936 119399368 121574500 8423531 8905392 139470651 143452828 X 211225 209905 966691 1175085 100375017 103893447 101552933 105278437 241023584 248731265 X 4401889 -676385 X false true X true true true 2550333 2550333 9496830 3283857 6212973 228092213 68399156 159693057 5029102 5029102 173485465 PATRONAGE CAPITAL 23081310 C INVESTMENT IN TALQUIN WATER & WW 21006267 C 44087577 ACCUMULATED POSTRETIREMENT BENEFITS 3732209 CUSTOMER DEPOSITS 3253855 DEFERRED CREDIT 1919328 8905392 X 122814750 122814750 897729 897729 123712479 117230324 117230324 2080266 2080266 119310590 SCHEDULE D, PAGE 3, PART X UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, INCOME TAXES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE COMPANIES ARE GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. INTEREST OR PENALTIES ON UNRECOGNIZED TAX BENEFITS, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 4B REVENUE RELATED TO TALQUIN ASSISTANCE PROGRAM 14,270 REVENUE RELATED TO GOVERNMENT GRANTS 883,459 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES RELATED TO TALQUIN ASSISTANCE PROGRAM 14,270 RETIREMENT OF CAPITAL BENEFITS PAID TO MEMBERS 2,065,996 false CAPITAL AREA COMMUNITY ACTION 309 OFFICE PLAZA DRIVE TALLAHASSEE FL 32301 591117362 501C3 14270 CASH SEE SCH I, PART IV 1 SCHEDULE I, PAGE 4, PART IV TALQUIN ELECTRIC COOPERATIVE, INC. PROVIDES FINANCIAL ASSISTANCE TO WORTHY CAUSES IN THE ORGANIZATION'S SERVICE AREA THAT DISTRIBUTE AID FOR UTILITY RELATED PAYMENTS. X X X false false false TRACY BENSLEY GENERAL MANAGER 282931 2167 540 45600 24910 356148 EUGENE KANIKOVSKY DIRFINSVS THRU12/31 181627 2327 437 39596 23702 247689 TIMOTHY WADDLE DIR. WATER SVS 170792 2334 1362 58285 14341 247114 KENNETH COWEN DIR. ADMIN SVS 163445 2296 3886 52869 16334 238830 DWIGHT CALLAHAN DIR. INFORMATION SVS 142612 2094 374 27729 23346 196155 DANE CLEMONS DIRECTOR OF IT 137971 2094 552 8245 1613 150475 JEREMY NELMS DIR. ENGINEERING SVS 129698 2100 175 17686 22887 172546 ALLEN SHEPARD DIR. OPERATIONS 122706 1958 908 81714 15820 223106 SEE PART V FOR MORE DETAIL false SEMINOLE ELECTRIC COOPERATIVE INC SEE PART V 71102378 PURCHASE POWER false SCHEDULE L, PART V SCHEDULE L, PART IV, LINE 1: THE BOARD OF TRUSTEES FOR TALQUIN ELECTRIC COOPERATIVE, INC. AND TALQUIN WATER AND WASTEWATER, INC., A RELATED PARTY, ARE COMPRISED OF THE SAME INDIVIDUALS. SCHEDULE L, PART IV, LINE 2, COLUMN (B): GENERAL MANAGER TRACY BENSLEY AND TRUSTEES MALLORY GREEN AND SAMUEL FENN SERVE ON THE SEMINOLE ELECTRIC COOPERATIVE, INC'S BOARD OF TRUSTEES. FORM 990 THE IRS' INSTRUCTIONS FOR THE 2013 VERSION OF THE FORM 990 STATE: THE INSTRUCTIONS CLARIFY THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4..." OF PART IX, STATEMENT OF FUNCTIONAL EXPENSES. LINE 4 IS TITLED "BENEFITS PAID TO OR FOR MEMBERS." SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS CONTINUE REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER "PATRONAGE DIVIDENDS PAID" MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED FINANCIAL STATEMENT OF REVENUE AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2013 AND OTHER BENEFITS PAID TO MEMBERS IN THE AMOUNT OF 2,065,996 FORM 990, PAGE 6, PART VI, LINE 2 SEE SCHEDULE L, PART IV, LINE 1 FORM 990, PAGE 6, PART VI, LINE 6 THE TALQUIN ELECTRIC COOPERATIVE, INC. MEMBERSHIP IS COMPRISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR BODY POLITIC OR SUBDIVISION WHO AGREES TO (1) PURCHASE UTILITY SERVICES FROM THE COOPERATIVE, (2) COMPLY WITH THE ARTICLES OF INCORPORATION AND BY-LAWS, AND (3) PAY THE MEMBERSHIP FEE. FORM 990, PAGE 6, PART VI, LINE 7A A NOMINATING COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES TO NOMINATE AT LEAST 3 CANDIDATES FOR ROTATING 3-YEAR TERMS ON THE BOARD. ANY MEMBER WISHING TO BE NOMINATED CAN OBTAIN 15 MEMBERS' SIGNATURES TO BE PRESENTED TO THE NOMINATING COMMITTEE AND PLACED ON THE BALLOT AT THE ANNUAL MEETING, IF THEY MEET THE QUALIFICATIONS TO SERVE. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS. THE MEMBERS MUST ALSO APPROVE ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHORITY HAS NOT BEEN GRANTED BY THE GOVERNING DOCUMENTS. FORM 990, PAGE 6, PART VI, LINE 11B EACH BOARD MEMBER RECEIVED A COPY OF THE FINAL 990 THROUGH ELECTRONIC MAIL PRIOR TO FILING THE RETURN. THE DIRECTOR OF FINANCIAL SERVICES REVIEWS AND APPROVES THE RETURN PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY OF TALQUIN ELECTRIC COOPERATIVE, INC. COVERS DIRECTORS, OFFICERS, AND KEY EMPLOYEES. CONFLICTS MUST BE DISCLOSED TO THE PRESIDENT OR MANAGER IMMEDIATELY AND ARE RELAYED TO THE BOARD OF DIRECTORS. THE INDIVIDUAL IS GIVEN 30 DAYS TO COMPLY WITH THE POLICY OR BE REMOVED FROM THEIR POSITION. FORM 990, PAGE 6, PART VI, LINE 15A THE GENERAL MANAGER'S SALARY IS SET BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE RECOMMENDS THE SALARY BASED ON NATIONAL SURVEYS. THE FULL BOARD OF TRUSTEES APPROVES THE GENERAL MANAGER'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS SET BY THE GENERAL MANAGER. COMPENSATION STUDIES FOR POSITIONS IN SIMILAR INDUSTRIES ARE USED AS A BASIS FOR COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI PART XI, RECONCILIATION OF NET ASSETS, LINE 9 CHANGE IN MEMBERSHIP (1,320) CHANGE IN OTHER EQUITIES 207,203 CHANGE IN ACCUMULATED OTHER COMP. INCOME 1,191 PATRONAGE CAPITAL BENEFITS PAID (2,065,996) RETIREMENT OF CAPITAL CREDITS 2,065,996 GOVERNMENT GRANTS CAPITALIZED TO PLANT (883,459) ------------ TOTAL OTHER CHANGES IN EQUITY (676,385) TALQUIN WATER AND WASTEWATER INC 1640 WEST JEFFERSON STREET QUINCY FL 32351 204787395 COOPERATIV FL 501C12 SEE PT VII false true false false true false false false false false false false false false true true false true false false TALQUIN WATER AND WASTEWATER INC D 2655311 CASH VALUE TALQUIN WATER AND WASTEWATER INC Q 4635633 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 205344 CASH VALUE SCHEDULE R SCHEDULE R, PART II, LINE 1, COLUMN (F): TALQUIN ELECTRIC COOPERATIVE, INC. IS THE DIRECT CONTROLLING ENTITY OF TALQUIN WATER AND WASTEWATER, INC.