CENTRAL FLORIDA ELECTRIC COOPERATIVE INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CENTRAL FLORIDA ELECTRIC COOPERATIVE INC (EIN 59-0188973)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-13
- IRS object ID
- 201302259349303510
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-08-13T19:26:59-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PURVIS GRAY & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2347 SE 17TH STREET | AddressLine1 |
| City | OCALA | City |
| State | FL | State |
| ZIP Code | 34471 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590188973 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL FLORIDA ELECTRIC | BusinessNameLine1 |
| Business Name Line2 | COOPERATIVE INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CENT | NameControl |
| Phone | 8002271302 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 9 | AddressLine1 |
| City | CHIEFLAND | City |
| State | FL | State |
| ZIP Code | 326440009 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL M CAMPBELL | Name |
| Title | EXVP/GENERAL MANAGER | Title |
| Phone | 8002271302 | Phone |
| Date Signed | 2013-08-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK A WHITE CPA | Name |
| Phone | 3527323872 | Phone |
| Date Prepared | 2013-08-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DANIEL M CAMPBELLEVPGEN MGR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9 | AddressLine1 |
| City | CHIEFLAND | City |
| State | FL | State |
| ZIP Code | 326440009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 61512373 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CFEC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC. (CFEC) IS A COMMUNITY ORIENTED, MEMBER-OWNED ORGANIZATION THAT PROVIDES RELIABLE SERVICE TO ITS MEMBERS-OWNERS AT THE LOWEST RATE POSSIBLE, WHILE BEING FISCALLY AND ENVIRONMENTALLY RESPONSIBLE. TO BE THE FINEST EXAMPLE OF AN ELECTRIC COOPERATIVE WHERE EXCELLENT SERVICE, COMPETITIVE RATES AND CONCERN FOR THE CONSUMER, COMMUNITY AND ENVIRONMENT GUIDE OUR EVERY ACTION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 105 | TotalNbrEmployees |
| Total Gross UBI | -539 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -539 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 59213529 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 61081456 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 260298 | InvestmentIncomePriorYear |
| Investment Income Current Year | 288594 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 9753 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3961 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 59483580 | TotalRevenuePriorYear |
| Total Revenue Current Year | 61374011 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5464 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5642 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 208368 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 210505 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 613047 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 646698 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 58974779 | OtherExpensePriorYear |
| Other Expenses Current Year | 58320923 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 59801658 | TotalExpensesPriorYear |
| Total Expenses Current Year | 59183768 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -318078 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2190243 | RevenuesLessExpensesCY |
| Total Assets BOY | 112331628 | TotalAssetsBOY |
| Total Assets EOY | 116279517 | TotalAssetsEOY |
| Total Liabilities BOY | 84250113 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 85418285 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 28081515 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 30861232 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC. (CFEC) IS A COMMUNITY ORIENTED, MEMBER-OWNED ORGANIZATION THAT PROVIDES RELIABLE SERVICE TO ITS MEMBERS-OWNERS AT THE LOWEST RATE POSSIBLE, WHILE BEING FISCALLY AND ENVIRONMENTALLY RESPONSIBLE. TO BE THE FINEST EXAMPLE OF AN ELECTRIC COOPERATIVE WHERE EXCELLENT SERVICE, COMPETITIVE RATES AND CONCERN FOR THE CONSUMER, COMMUNITY AND ENVIRONMENT GUIDE OUR EVERY ACTION. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | SALE OF ELECTRICITY TO APPROXIMATELY 26,000+ COOPERATIVE MEMBERS. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 36 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 105 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Gross Income From Members | 60203212 | GrossIncomeFromMembers |
| Gross Income Other Sources | 258884 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | EDDIE F THOMAS CFO | NamePerson |
| Telephone Number | 3524932511 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1124 N YOUNG BLVD | AddressLine1 |
| Address Line2 | CHIEFLAND FL 32626 | AddressLine2 |
| City | CHIEFLAND | City |
| State | FL | State |
| ZIP Code | 32626 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| KENNETH O'STEEN | ||||||
| TRUSTEE/SECR | 3.00 | X | X | 28359 | 0 | 0 |
| KYLE QUINCEY | ||||||
| TRUSTEE/VP | 2.50 | X | X | 26774 | 0 | 0 |
| TONY WEEKS | ||||||
| TRUSTEE | 3.00 | X | 23245 | 0 | 0 | |
| DONALD A LANE | ||||||
| TRUSTEE | 3.00 | X | 23024 | 0 | 0 | |
| RANDY MIKELL | ||||||
| TRUSTEE/PRES | 5.00 | X | X | 20155 | 0 | 0 |
| ALAN MIKELL | ||||||
| TRUSTEE | 4.00 | X | 17765 | 0 | 0 | |
| BARBARA TOWNSEND | ||||||
| TRUSTEE | 4.00 | X | 10243 | 0 | 0 | |
| THELMA MCCAIN | ||||||
| TRUSTEE | 3.00 | X | 9770 | 0 | 0 | |
| GEORGE STEPHENS | ||||||
| TRUSTEE | 2.00 | X | 5387 | 0 | 0 | |
| DANIEL M CAMPBELL | ||||||
| EX VP/GM | 50.00 | X | 198352 | 0 | 92506 | |
| EDDIE F THOMAS | ||||||
| CFO | 50.00 | X | 131292 | 0 | 31402 | |
| BENJAMIN R DAWSON | ||||||
| COO | 50.00 | X | 128616 | 0 | 33855 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 622982 | TotalReportableCompFromOrg |
| Total Other Compensation | 157763 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GRAY CONSTRUCTION SERVICES INC | |||||
| 222 W WADE STREET | TRENTON | FL | 32693 | CONSTRUCTON | 4234417 |
| THE DAVEY TREE EXPERTS CO | |||||
| PO BOX 709 | KENT | OH | 44240 | MAINTENANCE | 1433063 |
| AXIS | |||||
| 6851 TPC DRIVE | ORLANDO | FL | 32822 | 255162 | |
| WATSON SITE WORK LLC WATSON CONST | |||||
| 940 NW 247TH DRIVE | NEWBERRY | FL | 32669 | CONSTRUCTION | 193535 |
| MUSGROVE CONSTRUCTION INC | |||||
| 8708 US 90 | LIVE OAK | FL | 32060 | CONSTRUCTION | 146105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SALE OF ENERGY | 221000 | 60326527 | 60326527 | |
| QUALIFIED POLE RENTAL | 221000 | 754929 | $754,929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 61081456 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 128069 | TotalRevenueColumn |
| Exclusion | $128,069 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 7500 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3539 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3961 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3961 | TotalRevenueColumn |
| Unrelated Business Revenue | -539 | UnrelatedBusinessRevenue |
| Exclusion | $4,500 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6907 | Securities |
| Other | 288441 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10119 | Securities |
| Other | 124704 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -3212 | Securities |
| Other | 163737 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 160525 | TotalRevenueColumn |
| Exclusion | $160,525 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61374011 | TotalRevenueColumn |
| Related Or Exempt Function Income | 60326527 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -539 | UnrelatedBusinessRevenue |
| Exclusion | $1,048,023 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5642 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210505 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23718 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 622980 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2726830 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4118010 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 37558852 |
| DISTRIBUTION-OPERATION | 4409942 |
| DISTRIBUTION-MAINTENANCE | 4121116 |
| CONSUMER ACCOUNTS | 4095263 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1290910 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59183768 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4311993 | BOY |
| EOY | 1604236 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 795466 | BOY |
| EOY | 339892 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3795014 | BOY |
| EOY | 5197741 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1003338 | BOY |
| EOY | 1150586 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 512758 | BOY |
| EOY | 309018 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 133517213 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 37182425 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91141218 | BOY |
| EOY | 96334788 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10771841 | BOY |
| EOY | 11343256 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112331628 | BOY |
| EOY | 116279517 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5944728 | BOY |
| EOY | 6182846 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2368724 | BOY |
| EOY | 1818530 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61144825 | BOY |
| EOY | 61592423 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14791836 | BOY |
| EOY | 15824486 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84250113 | BOY |
| EOY | 85418285 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125605 | BOY |
| EOY | 124660 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9425 | BOY |
| EOY | 9425 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27946485 | BOY |
| EOY | 30727147 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28081515 | BOY |
| EOY | 30861232 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112331628 | BOY |
| EOY | 116279517 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2190243 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 589474 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 587169 | OtherCostOrOtherBasis |
| Book Value | 587169 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11205409 | OtherCostOrOtherBasis |
| Depreciation | 1644778 | Depreciation |
| Book Value | 9560631 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7607180 | OtherCostOrOtherBasis |
| Depreciation | 6066313 | Depreciation |
| Book Value | 1540867 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 114117455 | OtherCostOrOtherBasis |
| Depreciation | 29471334 | Depreciation |
| Book Value | 84646121 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 96334788 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PATRONAGE CAPITAL - SEMINOLE | 7687209 | C |
| PATRONAGE CAPITAL - NRUCFC AND OTHER | 2510501 | C |
| NRUCFC CAPITAL TERM CERTIFICATES | 1128374 | C |
| NRTC | 17172 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 11343256 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| POST RETIREMENT BENEFIT OBLIGATION | $12,472,189 |
| CONSUMER DEPOSITS | $3,352,297 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 15824486 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 61965872 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 591861 | OtherRevenues |
| Revenue Not Rptd F990 | 591861 | RevenueNotRptdF990 |
| Revenue Subtotal | 61374011 | RevenueSubtotal |
| Total Revenue Per Form990 | 61374011 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 58976799 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -206969 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -206969 | ExpensesNotRptdF990 |
| Expenses Subtotal | 59183768 | ExpensesSubtotal |
| Total Expenses Per Form990 | 59183768 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| LIABILITY UNDER FIN 48 FOOTNOTE | SCHEDULE D, PAGE 3, PART X | UNDER ACCOUNTING STANDARDS CODIFICATIONS (ASC) SECTIONS 740-10, INCOME TAX UNCERTAINTIES, 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 BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. |
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 2D | PATRONAGE CAPITAL ALLOCATED DIFFERENCE BETWEEN BOOK/TAX 588,327 RENTAL EXPENSES NETTED AGAINST REVENUE 3,536 ROUNDING -2 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | RENTAL EXPENSES NETTED AGAINST REVENUES 3,536 BENEFITS PAID TO MEMBERS -210,505 |
| SUPPLEMENTAL FINANCIAL INFORMATION | SCHEDULE D, PAGE 4, PART XIII | MEMBERSHIP PATRONAGE DONATED ACCUM OTHR FEES CAPTIAL CAPITAL COMPR MARG TOTAL BAL BOY 125,605 34,861,910 9,425 (6,915,425) 28,081,515 DECR IN MEMBRS (945) (945) NET MARGINS 2,989,074 2,989,074 CAP RETIRED (210,505) (210,505) POST RTR OBLG ADJ 2,093 2,093 BAL EOY 124,660 37,640,479 9,425 (6,913,332)30,861,232 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | ReturnReference |
| Explanation | THE COOPERATIVE MAINTAINS RECORDS OF ALL DONATIONS PAID TO VARIOUS ORGANIZATIONS, ALL AMOUNTS PAID ARE CONSIDERED DONATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|---|
| DANIEL M CAMPBELL | ||||||
| EX VPGM | 190798 | 3016 | 4538 | 80999 | 11507 | 290858 |
| EDDIE F THOMAS | ||||||
| CFO | 124311 | 2059 | 4922 | 30711 | 691 | 162694 |
| BENJAMIN R DAWSON | ||||||
| COO | 125538 | 2080 | 998 | 18750 | 15105 | 162471 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SEMINOLE ELECTRIC COOPERATIVE INC | |||
| DIRECTOR | 36747539 | POWER | false |
| COOPERATIVES COMPUTER CENTER INC | |||
| DIRECTOR | 181589 | IT SUPPORT | false |
| FLORIDA RURAL SELF INSURED FUND | |||
| DIRECTOR | 121602 | WORKERS COMP INS | false |
| NATIONAL RURUAL UTL COOP FIN CORP | |||
| DIRECTOR | 122431 | FINANCIAL SERVICES | false |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ADDITIONAL INFORMATION | Identifier |
| Return Reference | SCHEDULE L PART V | ReturnReference |
| Explanation | RANDY MIKELL AND TONY WEEKS ARE MEMBERS OF THE BOARD OF DIRECTORS OF SEMINOLE ELECTRIC COOPERATIVE INC AND ARE LISTED IN PART VII OF THE 990 COOPERATIVE COMPUTER CENTER INC EDDIE F THOMAS IS A MEMBER OF THEBOARD OF DIRECTORS OF THE CORPORATION AND IS LISTED IN PART VII OF THE 990 FLORIDA RURAL ELECTRIC SELF INSURED FUND DANIEL M CAMPELL IS A MEMBER OF THE BOARD OF DIRECTORS OF THE FUND AND IS LISTED IN PART VII OF THE 990 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION NRUCFC DANIEL CAMPBELL IS A MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION AND IS LISTED IN PART VII OF THE 990 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990 - ORGANIZATION'S MISSION | CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC. (CFEC) IS A COMMUNITY ORIENTED, MEMBER-OWNED ORGANIZATION THAT PROVIDES RELIABLE SERVICE TO ITS MEMBERS-OWNERS AT THE LOWEST RATE POSSIBLE, WHILE BEING FISCALLY AND ENVIRONMENTALLY RESPONSIBLE. TO BE THE FINEST EXAMPLE OF AN ELECTRIC COOPERATIVE WHERE EXCELLENT SERVICE, COMPETITIVE RATES AND CONCERN FOR THE CONSUMER, COMMUNITY AND ENVIRONMENT GUIDE OUR EVERY ACTION. |
| ADDITIONAL INFORMATION | FORM 990 | FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS THE IRS'S INSTRUCTIONS FOR THE 2012 VERSION OF THE FORM 990, PART IX, LINE 4 STATE: "ENTER THE PAYMENTS MADE BY THE ORGANIZATION TO PROVIDE BENEFITS TO MEMBERS (... PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. STATEMENT OF FUNCTIONAL EXPENSES, LINE 4 IS ENTITILED "BENEFITS PAID TO OR FOR MEMBERS." IN 2012, SIGNIFICANT INDUSTRY-WIDE DICUSSIONS BEGAN 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 STATEMENT OF REVENUE AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2012 AND OTHER BENEFITS PAID TO MEMBERS IN THE AMOUNT 210,505. |
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | THE BYLAWS STATE THAT FOR A PERSON/ENTITY TO RECEIVE SERVICE, THE PERSON/ENTITY HAS TO BE A MEMBER OF THE COOPERATIVE. EACH MEMBER RECEIVES ONE VOTE. A MEMBER MAY HAVE MULTIPLE ELECTRIC ACCOUNTS, BUT ONLY ONE MEMEBERSHIP IS ALLOWED. THERE IS ONLY ONE CLASS OF MEMBERS. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | CFEC MEMBERS ELECT THE BOARD OF TRUSTEES (MEMBERS OF THE GOVERNING BODY). |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD OF TRUSTEES IS ELECTED BY THE MEMBERS. THE MEMBERS MUST ALSO APPROVE ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS AND ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHORITY HAS NOT BEEN GRANTED BY THE GOVERNING DOCUMENTS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER AND THE CHIEF FINANCIAL OFFICER REVIEW THE FORM 990 IN DETAIL. A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES BEFORE FILING AND APPROVED. THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | CFEC HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE POLICY IS MONITORED CONSTANTLY AND REPRESENTATIONS ARE OBTAINED ON AN ANNUAL BASIS EVIDENCING COMPLIANCE WITH THE POLICY BY TRUSTEES AND EMPLOYEES. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | AN OUTSIDE INDEPENDENT CONSULTANT PREPARES A SALARY SURVEY ANNUALLY. THESURVEY IS USED BY THE BOARD OF TRUSTEES TO DETERMINE COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER. THE BOARD OF TRUSTEES REVIEWS THE GENERAL MANAGER'S PERFORMANCE ON AN ANNUAL BASIS. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | AN OUTSIDE INDEPENDENT CONSULTANT PREPARES A SALARY SURVEY ANNUALLY. THE GENERAL MANAGER USES THE SALARY SURVEY TO SET COMPENSATION FOR OTHER EMPLOYEES OF CFEC. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY CFEC'S MEMBERS AT ITS HEADQUARTERS OFFICE. DOCUMENTS, POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AS SOON AS POSSIBLE AFTER THE REQUEST IS MADE. |
| RECONCILIATION OF CHANGES - OTHER | FORM 990, PART XI, LINE 9 | PATRONAGE CAPITAL ALLOCATED DIFFERENCE BETWEEN BOOK/TAX 588,327 RENTAL EXPENSES NETTED AGAINST REVENUE 3,536 ROUNDING -2 RENTAL EXPENSES NETTED AGAINST REVENUES -3,536 BENEFITS PAID TO MEMBERS 210,505 |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | RETIREMENT HEALTH CHANGE IN OBLIG 2,094 DECREASE IN MEMBERSHIP FEES -945 BENEFITS PAID TO MEMBERS -210,505 NET OTHER CHANGES IN NET ASSETS (SUM OF ABOVE) 589,474 |