2014-11-14T16:08:27-06:00 2013-12-31 371014232 BENNETT & MIDDENDORF LTD 901 YORK ST PO BOX 807 QUINCY IL 623060807 990 2013-01-01 630462077 COVINGTON ELECTRIC COOPERATIVE INC COVI 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 CHARLES E SHORT PRESIDENT & CEO 3342224121 2014-11-14 ROY E RIDDLE P01425150 2172221142 2014-11-14 2013 2015-11-30 17:44:51Z CHARLES E SHORT 18836 US HWY 84 ANDALUSIA AL 36421 54289647 0 X WWW.COV-ELECT.COM X 1944 AL THE COOPERATIVE OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. 6 6 98 0 0 0 0 0 52730972 51954431 2098848 2261010 4841 74206 54834661 54289647 0 0 5724815 6508359 5243415 5593834 0 0 0 43082887 44313129 54051117 56415322 783544 -2125675 133203323 139359269 81125681 84530489 52077642 54828780 THE COOPERATIVE'S PRIMARY MISSION IS PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 22,400 MEMBER-OWNERS IN SOUTHERN ALABAMA. 0 0 DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 1 98 1 0 0 0 0 0 0 0 51313549 2976098 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X KIM CARTER 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 WILLIE B SMITH JR CHAIRMAN 8.00 1.50 X X 23754 13828 0 JAMES F MARTIN JR SECRETARY/TREASURER 4.00 X X 20829 0 0 GARY H HARRIS TRUSTEE 6.00 X 23754 0 0 C HEFLIN SMITH VICE CHAIRMAN 4.00 X X 22179 0 0 WILLIAM G KING JR TRUSTEE 3.50 X 23079 0 0 PATRICIA CHILDS JANASKY TRUSTEE 4.00 X 22179 0 0 CHARLES E SHORT PRESIDENT & CEO 50.00 3.00 X 259237 44898 15296 MARK G PARKER VICE PRES. OF MEMBER RELAT 55.00 X 135678 0 75732 ALAN J THRASH VICE PRES. OF OPERATIONS 60.00 X 150474 0 14909 KIMBERLY M CARTER VICE PRES. OF FINANCE & AC 55.00 X 119312 0 60426 BERT L CHAMPION EMPLOYEE 52.00 X 107077 0 65507 907552 58726 231870 5 0 1 0 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 698095 UNITED UTILITY SUPPLY COOP PO BOX 32170 LOUISVILLE KY 40232 MATERIAL & SUPPLIES 571148 TEREX UTILITIES - SOUTH 12210 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 VEHICLES - UTILITY 536252 MAYER ELECTRIC SUPPLY PO BOX 2048 DOTHAN AL 36302 MATERIAL & SUPPLIES 354446 JACKSON LINE CLEARING PO BOX 769 BOWDEN GA 30108 RIGHT OF WAY CLEARING 229232 5 SALES OF ELECTRICITY 221000 50578492 50578492 OTHER SALES TO MEMBERS 221000 780021 780021 POLE RENTALS 221000 595918 595918 51954431 2261010 2261010 OTHER NON-OPERATING REVENUE 221000 74206 74206 74206 54289647 51432719 0 2856928 6508359 907552 4686282 108192 16525 81160 2343191 3421183 3675168 COST OF POWER 29627907 DISTRIBUTION & MAINTENA 6082633 CUSTOMER ACCOUNTING, SE 3080627 OTHER MISCELLANEOUS GEN 1334603 -5458060 56415322 5823110 5304871 8271915 9176229 1255333 919795 1127894 728527 916494 1038675 4076770 4350027 120343727 26982496 91877719 93361231 19854088 21206688 0 3273226 133203323 139359269 5065038 5696285 68044507 70119254 8016136 8714950 81125681 84530489 X 0 0 0 0 52077642 54828780 52077642 54828780 133203323 139359269 X -2125675 4876813 X 0 0 0 225009 225009 4720785 1720931 2999854 87104 18872 68232 8478979 6819658 1659321 106831850 18423035 88408815 93361231 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 20345827 C CAPITAL TERM CERTIFICATES - NRUCFC 848861 C OTHER INVESTMENT 12000 C 21206688 ACCUMULATED PROVISION FOR POST-RETIREMENT BENEFITS 3882600 CUSTOMER DEPOSITS 1692646 DEFERRED CREDIT - ECONOMIC DEVELOPMENT 2976861 CONSTRUCTION DEPOSITS 162843 8714950 54289647 0 54289647 0 54289647 49906963 0 49906963 6508359 6508359 56415322 PART XII, LINE 4B - OTHER ADJUSTMENTS: 2012 MARGINS ALLOCATED TO MEMBERS REQUIRED TO BE REPORTED IN PART IX X 1 0 X X X 0 0 0 CHARLES E SHORT PRESIDENT & CEO 185400 0 61414 0 12423 44898 1851 0 13445 0 274533 44898 0 0 MARK G PARKER VICE PRES. OF MEMBER RELAT 121971 0 10277 0 3430 0 62333 0 13399 0 211410 0 0 0 ALAN J THRASH VICE PRES. OF OPERATIONS 131706 0 12674 0 6094 0 1317 0 13592 0 165383 0 0 0 KIMBERLY M CARTER VICE PRES. OF FINANCE & AC 104603 0 10007 0 4702 0 53464 0 6962 0 179738 0 0 0 BERT L CHAMPION EMPLOYEE 102752 0 4325 0 0 0 52501 0 13006 0 172584 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 COVINGTON ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC DISTRIBUTION COOPERATIVE CONSISTING OF APPROXIMATELY 22,000 MEMBERS. EACH CUSTOMER OF THE COOPERATIVE RECEIVING ELECTRIC SERVICE IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS DIVIDED INTO 6 DISTRICTS. THE MEMBERS ARE ALLOWED TO VOTE FOR THE ELECTION OF A DIRECTOR FOR EACH DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BY-LAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE COOPERATIVE'S INDEPENDENT AUDITOR. IT IS PRESENTED FOR REVIEW BEFORE IT IS FILED. IF DISCREPANCIES ARE FOUND, CORRESPONDING CORRECTIONS ARE MADE PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY NO. 154, CONFLICT OF INTEREST POLICY HAS BEEN ENACTED BY THE COOPERATIVE TO OUTLINE THE CONDUCT OF TRUSTEES AND EMPLOYEES IN REGARDS TO CONFLICTS OF INTEREST. EACH TRUSTEE AND EMPLOYEE SIGNS AN AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 ALL NEW MEMBERS ARE PROVIDED WITH A PRINTED COPY OF THE BYLAWS. THE COOPERATIVE PROVIDES ALL ACTIVE MEMBERS CONDENSED FINANCIAL STATEMENTS AT THE ANNUAL MEETING OF MEMBERS. POLICIES AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -1,757,863. GAINS ON CAPITAL CREDITS RETIRED AND CHANGES IN OTHER EQUITIES 126,317. PATRONAGE ALLOCATED TO MEMBERS REPORTED IN PART XI, LINE 4 6,508,359. COVINGTON RURAL SERVICES INC 18836 US HWY 84 ANDALUSIA AL 36421 630966581 ECONOMIC DEVELOPMENT AL COVINGTON RURAL SERVICES IS A 100 OWNED SUBSIDIARY OF COVINGTON ELECTRIC C 1.00000 0 A-WEB INC DBA ALAWEB INC 18836 US HWY 84 ANDALUSIA AL 36421 721347920 INTERNET SERVICE AL COVINGTON RURAL SERVICES OWNS 100 OF A-WEB INC C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0