PEDERNALES ELECTRIC COOPERATIVE INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PEDERNALES ELECTRIC COOPERATIVE INC (EIN 74-0828412)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-30
- IRS object ID
- 201311509349300756
- 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 | 2013-05-30T10:47:23-05:00 | 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 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 Post Oak Blvd Ste 3200 | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77056 | 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 | 740828412 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEDERNALES ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % FREDDY WOLFF | InCareOfName |
| Name Control | PEDE | NameControl |
| Phone | 8308684940 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Freddy Wolff | Name |
| Title | Interim Chief Finanical Officer | Title |
| Phone | 8308685112 | Phone |
| Date Signed | 2013-06-01 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7134994600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Frank Skube | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 569324807 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PEC.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | THE PURPOSE OF THE COOPERATIVE IS TO PROVIDE SAFE, RELIABLE, LOW-COST ENERGY SERVICES IN FISCALLY RESPONSIBLE PARTNERSHIP WITH ITS MEMBER-OWNERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 863 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 585108475 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 564823832 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -179083 | InvestmentIncomePriorYear |
| Investment Income Current Year | 243684 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4131121 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3930122 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 589060513 | TotalRevenuePriorYear |
| Total Revenue Current Year | 568997638 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 196769 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 146037 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 55511060 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 47352800 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 36262907 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 71114544 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 490629756 | OtherExpensePriorYear |
| Other Expenses Current Year | 450773640 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 582600492 | TotalExpensesPriorYear |
| Total Expenses Current Year | 569387021 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6460021 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -389383 | RevenuesLessExpensesCY |
| Total Assets BOY | 1366415246 | TotalAssetsBOY |
| Total Assets EOY | 1382806680 | TotalAssetsEOY |
| Total Liabilities BOY | 952371366 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 933310296 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 414043880 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 449496384 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE COOPERATIVE IS COMMITTED TO SERVING OUR COMMUNITIES BY PROVIDING EXCELLENT MEMBER SERVICES, AND SAFE AND RELIABLE ENERGY SERVICES AT A COMPETITIVE PRICE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | DELIVERING ELECTRICAL POWER TO OUR MEMBER/OWNERS. 247,816 ACTIVE ACCOUNTS WERE PROVIDED ELECTRIC POWER, ON A COOPERATIVE BASIS, AT YEAR-END. | 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 | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | 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 | false | 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 | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 258 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 863 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Gross Income From Members | 550181516 | GrossIncomeFromMembers |
| Gross Income Other Sources | 8668817 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | 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 | false | MinutesOfCommittees |
| Officer Mailing Address | true | 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 | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | FREDDY WOLFF | NamePerson |
| Telephone Number | 8308685149 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| LARRY LANDAKER | |||||||
| Director | 18.0 | X | 38250 | 0 | 0 | ||
| CRISTI CLEMENT | |||||||
| SECRETARY/TREASURER | 25.0 | X | 39000 | 0 | 0 | X | |
| KATHRYN SCANLON | |||||||
| PRESIDENT | 10.0 | X | 38500 | 0 | 0 | X | |
| PATRICK COX | |||||||
| VICE PRESIDENT | 16.0 | X | 38000 | 0 | 0 | X | |
| CHRIS PERRY | |||||||
| DIRECTOR | 13.0 | X | 36750 | 0 | 0 | ||
| ROSS FISCHER | |||||||
| DIRECTOR | 3.0 | X | 27000 | 0 | 0 | ||
| WILLIAM BOGGS | |||||||
| DIRECTOR | 22.0 | X | 38000 | 0 | 0 | ||
| EDWARD A DAUTERIVE | |||||||
| VP Member Services | 40.0 | 191146 | 0 | 31256 | X | ||
| DALE A JONES | |||||||
| VP Power Supply | 40.0 | 191199 | 0 | 36088 | X | ||
| LLOYD W MCKEE | |||||||
| VP Operations | 40.0 | 208727 | 0 | 40063 | X | ||
| MICHAEL J RACIS | |||||||
| VP Communications | 40.0 | 176618 | 0 | 30837 | X | ||
| RILEY SLOAN | |||||||
| CHIEF EXECUTIVE OFFICER | 40.0 | 366404 | 0 | 31671 | X | ||
| FRANK SKUBE | |||||||
| CHIEF FINANCIAL OFFICER | 40.0 | 240464 | 0 | 33370 | X | ||
| LAWANDA PARNELL | |||||||
| Chief Information Officer | 40.0 | 16944 | 0 | 23 | X | ||
| BRENT BAILEY | |||||||
| GENERAL COUNSEL | 40.0 | 221692 | 0 | 15367 | X | ||
| JULIE BEGGS | |||||||
| VP CORPORATE SERVICES | 40.0 | 110596 | 0 | 20025 | X | ||
| JEANELL DAVIS | |||||||
| COMMUNITY SERVICES MANAGER | 40.0 | 279402 | 0 | 51999 | X | ||
| WILLIAM PACK | |||||||
| MATERIALS SUPERVISOR | 40.0 | 258998 | 0 | 22923 | X | ||
| GEORGE LUCAS | |||||||
| SAFETY SUPERVISOR | 40.0 | 228450 | 0 | 16561 | X | ||
| DAVID PRUETT | |||||||
| LINEMAN A | 40.0 | 215044 | 0 | 25541 | X | ||
| JAMES STREATER | |||||||
| EQUIPMENT OPERATOR 2 | 40.0 | 212066 | 0 | 8085 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3173250 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 363809 | TotalOtherCompensation |
| Number Individuals GT100 K | 37 | 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 |
|---|---|---|---|---|---|
| T D SOLUTIONS LLC | |||||
| 6411 MASONIC DRIVE | ALEXANDRIA | LA | 71301 | ELEC DIST SUB-CONTR | 2843714 |
| DELOITTE CONSULTING LLP | |||||
| 1700 MARKET STREET | PHILADELPHIA | PA | 191033984 | CONSULTING SVCS | 6095763 |
| LAMBDA CONSTRUCTION I LTD | |||||
| 211 JESSES CIRCLE | NEW BRAUNFELS | TX | 78132 | CONSTRUCTION SVCS | 2527266 |
| WILLBROS TD SERVICES LLC | |||||
| 115 W 7TH STREET SUITE 1420 | FORT WORTH | TX | 761027015 | ELEC DIST SUB-CONTR | 1204065 |
| ASPLUNDH TREE EXPERT COMPANY | |||||
| 708 BLAIR MILL ROAD | WILLOW GROVE | PA | 19090 | VEGETATION MGMT | 1122660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 58 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 563965516 | 563965516 |
| PATRONAGE DIVIDEND | 221000 | 858316 | 858316 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 564823832 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 570853 | TotalRevenueColumn |
| Exclusion | $570,853 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 3856016 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 3856016 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3856016 | TotalRevenueColumn |
| Exclusion | $3,856,016 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 327169 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -327169 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -327169 | TotalRevenueColumn |
| Exclusion | -$327,169 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISC NON-OPERATING REVENUE | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 74106 | TotalRevenueColumn |
| Related Or Exempt Function Income | 74106 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 74106 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 568997638 | TotalRevenueColumn |
| Related Or Exempt Function Income | 564897938 | RelatedOrExemptFunctionIncome |
| Exclusion | $4,099,700 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146037 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47352800 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1892195 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44460386 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15600179 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6222988 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2938796 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 592084 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 397376 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78342 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1459018 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 856626 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1362247 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5046893 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7813880 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 458893 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245765 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39106137 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45913145 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1811700 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF PURCHASED POWER | 323014037 |
| OPERATIONS | 5737612 |
| MAINTENANCE | 9305110 |
| ADMINISTRATIVE EXPENSES | 1426821 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6147954 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 569387021 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27861350 | BOY |
| EOY | 58600727 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43794468 | BOY |
| EOY | 44335346 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9841493 | BOY |
| EOY | 20908875 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 934974 | BOY |
| EOY | 1371149 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1392024828 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 253729374 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1136021981 | BOY |
| EOY | 1138295454 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11133221 | BOY |
| EOY | 25375588 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80649564 | BOY |
| EOY | 87524184 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56128195 | BOY |
| EOY | 6395357 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1366415246 | BOY |
| EOY | 1382806680 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61741679 | BOY |
| EOY | 60726779 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 732089000 | BOY |
| EOY | 711477657 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158540687 | BOY |
| EOY | 161105860 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 952371366 | BOY |
| EOY | 933310296 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9698540 | BOY |
| EOY | 9990459 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 404345340 | BOY |
| EOY | 439505925 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414043880 | BOY |
| EOY | 449496384 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1366415246 | BOY |
| EOY | 1382806680 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -389383 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 35841887 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8751801 | OtherCostOrOtherBasis |
| Book Value | 8751801 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 48000788 | OtherCostOrOtherBasis |
| Depreciation | 10267120 | Depreciation |
| Book Value | 37733668 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1295637839 | OtherCostOrOtherBasis |
| Depreciation | 243452519 | Depreciation |
| Book Value | 1052185320 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 39634399 | OtherCostOrOtherBasis |
| Depreciation | 9734 | Depreciation |
| Book Value | 39624665 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1138295454 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER DEF CREDITS/LIABILITIES | $10,001,862 |
| POST RET BENEFIT OBLIGATION | $151,103,998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 161105860 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 567931271 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 567931271 | RevenueSubtotal |
| Other Revenues Not Included | 1066367 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1066367 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 568997638 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 520968171 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 520968171 | ExpensesSubtotal |
| Other Expenses Not Included | 48418850 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 48418850 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 569387021 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPENSE ON RETURN, NOT ON BOOKS | PART XII, LINE 4B | DONATIONS $ 407,464 AMORTIZATION OF DEBT DISCOUNT 518,828 EXPENSES CLASSIFIED AS REVENUE PER AUDIT 139,758 PATRONAGE DIVIDEND TO MEMBERS NOT IN AUDIT EXPENSE 47,352,800 ----------- $ 48,418,850 |
| REVENUE ON RETURN, NOT ON BOOKS | PART XI, LINE 4B | DONATIONS $ 407,464 AMORTIzATION OF DEBT DISCOUNT 518,828 EXPENSES CLASSIFIED AS REVENUE PER AUDIT 139,758 REVENUE RECORDED TO NET ASSETS 317 ---------- $ 1,066,367 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEC UNITED CHARITIES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 742491188 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 146037 | AmountOfCashGrant |
| Purpose Of Grant | DONATIONS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIBE THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF FUNDS | Identifier |
| Return Reference | PART I, QUESTION 2 | ReturnReference |
| Explanation | THE ORGANIZATION MAKES GRANTS TO 501(C)(3) ORGANIZATIONS AND MONITORS USE OF GRANTED FUNDS THROUGHOUT THE YEAR. RECIPIENTS SUPPORT CHARITABLE ACTIVITIES IN THE AREAS SERVED BY PEDERNALES ELECTRIC COOPERATIVE, INC. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEANELL DAVIS | ||||||||||||||
| COMMUNITY SERVICES MANAGER | 211740 | 0 | 65548 | 0 | 2114 | 0 | 42560 | 0 | 9439 | 0 | 331401 | 0 | 0 | 0 |
| EDWARD A DAUTERIVE | ||||||||||||||
| VP Member Services | 182310 | 0 | 6538 | 0 | 2298 | 0 | 16431 | 0 | 14825 | 0 | 222402 | 0 | 0 | 0 |
| DALE A JONES | ||||||||||||||
| VP Power Supply | 172433 | 0 | 5863 | 0 | 12903 | 0 | 24483 | 0 | 11605 | 0 | 227287 | 0 | 0 | 0 |
| LLOYD W MCKEE | ||||||||||||||
| VP Operations | 177662 | 0 | 20988 | 0 | 10077 | 0 | 25244 | 0 | 14819 | 0 | 248790 | 0 | 0 | 0 |
| MICHAEL J RACIS | ||||||||||||||
| VP Communications | 161597 | 0 | 5834 | 0 | 9187 | 0 | 16160 | 0 | 14677 | 0 | 207455 | 0 | 0 | 0 |
| RILEY SLOAN | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | 339811 | 0 | 7915 | 0 | 18678 | 0 | 25000 | 0 | 6671 | 0 | 398075 | 0 | 0 | 0 |
| FRANK SKUBE | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 220000 | 0 | 7480 | 0 | 12984 | 0 | 19461 | 0 | 13909 | 0 | 273834 | 0 | 0 | 0 |
| BRENT BAILEY | ||||||||||||||
| GENERAL COUNSEL | 206769 | 0 | 5775 | 0 | 9148 | 0 | 6462 | 0 | 8905 | 0 | 237059 | 0 | 0 | 0 |
| WILLIAM PACK | ||||||||||||||
| MATERIALS SUPERVISOR | 64855 | 0 | 197339 | 0 | -3196 | 0 | 11865 | 0 | 11058 | 0 | 281921 | 0 | 0 | 0 |
| GEORGE LUCAS | ||||||||||||||
| SAFETY SUPERVISOR | 51112 | 0 | 178267 | 0 | -929 | 0 | 10976 | 0 | 5585 | 0 | 245011 | 0 | 0 | 0 |
| DAVID PRUETT | ||||||||||||||
| LINEMAN A | 74956 | 0 | 142669 | 0 | -2581 | 0 | 14943 | 0 | 10598 | 0 | 240585 | 0 | 0 | 0 |
| JAMES STREATER | ||||||||||||||
| EQUIPMENT OPERATOR 2 | 15600 | 0 | 198254 | 0 | -1788 | 0 | 1810 | 0 | 6275 | 0 | 220151 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PERSONS WHO RECEIVED A SEVERANCE PAYMENT AND AMOUNT OF PAYMENT | Identifier |
| Return Reference | PART I, QUESTION 4A | ReturnReference |
| Explanation | THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAY DURING THE YEAR ENDED DECEMBER 31, 2012: JEANELL DAVIS $ 58,349 GEORGE LUCAS 18,850 DAVID PRUETT 18,148 WILLIAM PACK 17,659 JAMES STREATER 13,520 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCESS TO REVIEW FORM 990 | FORM 990, PART VI, QUESTION 11B | AFTER COMPLETION OF THE TAX RETURN, IT WAS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. |
| GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC | FORM 990, PART VI, QUESTION 19 | THE ORGANIZATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. |
| PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY | FORM 990, PART VI, QUESTION 12C | THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL COMPLETION OF A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM BY ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, OR MANAGERS OF THE COOPERATIVE. THE FORM, WHICH IS PART OF THE POLICY, INCLUDES AN AFFIRMATION THAT THE INDIVIDUAL WILL INFORM THE BOARD OF ANY NEW CONFLICT AFFECTING THEMSELVES OR ANY OTHER PERSON. EACH JANUARY, THESE DOCUMENTS ARE SOLICITED AND GATHERED BY THE CUSTODIAN OF THESE RECORDS, WHICH INCLUDES THE BOARD'S SECRETARY FOR BOARD MEMBERS AND PEC'S HUMAN RESOURCES DEPARTMENT FOR APPLICABLE EMPLOYEES. APPLICABLE PERSONS WHO JOIN THE COOPERATIVE ARE SUBJECT TO THE POLICY AND ARE REQUIRED TO FILE THE FORM AT THE OUTSET OF THEIR EMPLOYMENT OR DIRECTORSHIP. THE FIELD REPORTS ARE FORMALLY ACCEPTED BY THE BOARD PRESIDENT AND MADE A PART OF THE PUBLIC RECORD AT A MEETING OPEN TO COOPERATIVE MEMBERSHIP. |
| DECISION OF GOVERNING BODY SUBJECT TO APPROVAL | FORM 990, PART VI, QUESTION 7B | UNDER PEC'S BYLAWS AND ARTICLES OF INCORPORATION, THE CORPORATION MAY NOT SELL OR TRANSFER ALL OR SUBSTANTIALLY ALL OF ITS ASSETS WITHOUT THE APPROVAL OF TWO-THIRDS OF ALL MEMBERS OF THE COOPERATIVE EITHER IN PERSON OR BY PROXY. ANY AMENDMENT TO THAT SECTION OF THE ARTICLES OF INCORPORATION REQUIRES A MAJORITY VOTE OF ALL MEMBERS. TEXAS UTILITY CODE 161.151(A) REQUIRES ANY OTHER PROPOSED AMENDMENT TO THE ARTICLES OF INCORPORATION TO BE APPROVED BY A MAJORITY OF THE MEMBERS REPRESENTED IN PERSON OR BY PROXY AT A MEETING OF MEMBERS CALLED FOR THAT PURPOSE. THE LAW DOES NOT SPECIFICALLY REQUIRE BOARD APPROVAL OF AN AMENDMENT TO THE ARTICLES OF INCORPORATION, BUT AS A MATTER OF PRACTICE, ANY MEMBER VOTE WOULD LIKELY BE PURSUANT TO BOARD APPROVAL. ADDITIONALLY, PEC BYLAWS RESERVE TO MEMBERSHIP THE POWER TO REMOVE DIRECTORS FROM THE BOARD BY A VOTE OF 10% OF THE MEMBERSHIP, WITH NO REQUIREMENT FOR BOARD APPROVAL. AND, THE BYLAWS ALLOW MEMBERS TO CALL A MEETING BY A PETITION SIGNED BY AT LEAST 10% OF MEMBERS. |
| COMMITTEE'S AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY | FORM 990, PART VI, QUESTION 8B | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| REVIEW AND APPROVAL OF COMPENSATION | FORM 990, PART VI, QUESTIONS 15A & 15B | A COMPREHENSIVE COMPENSATION ASSESSMENT IS RUN ON NEWLY PROMOTED OR NEWLY HIRED EXECUTIVE POSITIONS TO DETERMINE THE MOST APPROPRIATE BEGINNING SALARY FOR THAT POSITION. THE COMPARABLE MARKET USED IS THAT OF A COMPANY IN THE ENERGY AND UTILITIES INDUSTRY IN AUSTIN, TEXAS WITH 500-1000 FTES. INDIVIDUAL FACTORS ARE ALSO USED IN DETERMINING THE APPROPRIATE BEGINNING SALARY. THESE INDIVIDUAL FACTORS INCLUDE EMPLOYEE TRAITS, SUCH AS YEARS OF EXPERIENCE, EDUCATION, AND CERTIFICATIONS, AS WELL AS, JOB TRAITS, SUCH AS WHOM THE POSITION REPORTS TO, NUMBER OF DIRECT REPORTS, AND JOB DUTIES. POSITIONS ARE MOST CLOSELY MATCHED TO A JOB DESCRIPTION IN THE COMPENSATION DATABASE WITH SIMILAR JOB DUTIES, EDUCATION, AND EXPERIENCE REQUIREMENTS. IN SOME CASES, DEPENDING ON THE POSITION, A HYBRID OF THE JOB IS COMPLETED TO MORE ACCURATELY REFLECT THE PEC POSITION JOB DUTIES. THE BEGINNING PROPOSED BASE SALARY IS BETWEEN THE 25TH AND 50TH PERCENTILE OF THE PREDICTED MEDIAN MARKET SALARY TAKING INTO CONSIDERATION TOTAL COMPENSATION. THE COST OF BENEFITS FOR PEC AT THIS LEVEL IS TYPICALLY BETWEEN 21% AND 45%. THE COST OF BENEFITS FOR THE MARKET IS TYPICALLY BETWEEN 23% AND 32%. |
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PART VI, QUESTION 6 | PEDERNALES ELECTRIC COOPERATIVE, INC. (PEC) IS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE CORPORATION OWNED BY THE MEMBERS IT SERVES. |
| MEMBERS OR STOCKHOLDERS WHO CAN ELECT MEMBERS OF THE GOVERNING BODY | FORM 990, PART VI, QUESTION 7A | BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. |
| ADDRESS OF THOSE WHO CANNOT BE REACHED AT ORGANIZATION'S MAILING ADDRESS | FORM 990, PART VI, QUESTION 9 | JAMES STREATER P.O. BOX 1491 CANYON LAKE, TX 78133 GEORGE LUCAS 1278 ARCADIA CANYON LAKE, TX 78133 DAVID PRUETT 339 COUNTY ROAD 332 BERTRAM, TX 78605 JEANELL DAVIS 12708 AZALEA CIRCLE BUDA, TX 78610 WILLIAM PACK 1402 NORTHCREST GRANITE SHOALS, TX 78654 |
| OTHER CHANGES IN NET ASSETS | FORM 990, PART XI, LINE 9 | AUTHORIZED RETIREMENT PATRONAGE CAPITAL (11,802,515) CHANGE IN MEMBERSHIP CERTIFICATES 291,919 REVENUE RECORDED TO NET ASSETS ( 317) PATRONAGE DIVIDEND TO MEMBERS NOT IN AUDIT EXPENSE 47,352,800 ------------ (35,841,887) |
| BENEFITS PAID TO OR FOR MEMBERS | FORM 990, PART IX, LINE 4 | THE COOPERATIVE HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON 2012 AUDITED MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2012, THE AMOUNT INCLUDED ON THE 2012 FORM 990 IS GENERATED USING 2012 FINANCIAL DATA AND RESULTS. |
| SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS | FORM 990, PART VI, QUESTION 4 | BETWEEN JAN. 1, 2012 AND DEC. 31, 2012, THE BOARD OF DIRECTORS OF PEDERNALES ELECTRIC COOPERATIVE, INC. ("PEC "OR "THE COOPERATIVE") APPROVED THE FOLLOWING CHANGES TO THE PEC BYLAWS, BY A VOTE OF AT LEAST FIVE OF SEVEN DIRECTORS, IN COMPLIANCE WITH STATE LAW AND THE BYLAWS: 1. AMENDED THE BYLAWS PREAMBLE TO RESTATE THE MISSION OF THE COOPERATIVE CONSISTENT WITH THE BOARD-APPROVED STRATEGIC PLAN, AS, "THE COOPERATIVE IS COMMITTED TO SERVING OUR COMMUNITIES BY PROVIDING EXCELLENT MEMBER SERVICES, AND SAFE AND RELIABLE ENERGY SERVICES AT A COMPETITIVE PRICE. " 2. AMENDED ART. II, SEC. 8 AND ARTICLE III SECTION 3, TO SHORTEN THE VOTING PERIOD BEFORE EACH ANNUAL MEETING FROM 45 DAYS TO BETWEEN 25 AND 30 DAYS, AND ADJUST NOTICE AND BALLOT-MAILING PROVISIONS ACCORDINGLY. ALSO THEREBY ELIMINATED COSTLY, SEPARATE NOTICE OF ANNUAL MEETING AND ALLOWED BALLOT MAILING TO SERVE AS MEETING NOTICE. 3. DELETED ART. II, SEC. 10, WHICH REQUIRED A MEMBER TO GIVE NOTICE TO THE BOARD OF ANY INTENT TO CHALLENGE A COOPERATIVE ELECTION, WHEN NO MECHANISM EXISTED FOR SUCH A CHALLENGE UNDER STATE LAW OR THE GOVERNING DOCUMENTS (OTHER THAN A LAWSUIT AGAINST THE COOPERATIVE). 4. AMENDED ART. III, SEC. 2(B) TO CLARIFY THAT THE REQUIREMENT THAT A DIRECTOR BE A COOPERATIVE MEMBER "IN GOOD STANDING" REFERS TO A MEMBER'S CREDIT STANDING WITH THE COOPERATIVE AS DETERMINED BY REFERENCE TO THE COOPERATIVE'S BUSINESS RULES AND TARIFF. 5. AMENDED ART. III, SEC. 2(C) TO CLARIFY THE BASIS FOR DETERMINING PRIMARY RESIDENCE, AS IT PERTAINS TO DIRECTOR CANDIDATE ELIGIBILITY. 6. AMENDED ART. III, SEC. 2 (F) TO EXTEND THE NEPOTISM PROHIBITION FOR DIRECTORS, SO IT MATCHES THAT APPLICABLE TO EMPLOYEES. THE PROHIBITION ON DIRECTORS' RELATIONSHIPS WAS EXPANDED TO INCLUDE DOMESTIC PARTNERS, SIBLINGS, IN-LAWS, GRANDCHILDREN, AND GRANDPARENTS. AND, THE PROHIBITION WAS EXTENDED TO RELATIONSHIPS WITH OTHER DIRECTORS, NOT JUST PEC EMPLOYEES. 7. AMENDED ART. III, SEC. 3 TO REQUIRE CANDIDATES TO AUTHORIZE A BACKGROUND CHECK, AND TO ELIMINATE THE REQUIREMENT THAT AGE BE INCLUDED IN THE BIOGRAPHICAL INFORMATION PROVIDED BY THE CANDIDATE AND REPORTED TO THE VOTERS. 8. AMENDED ART. III SEC. 11 TO REQUIRE THE ANNUAL FINANCIAL AUDIT TO BE PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. 9. AMENDED ART. V, SEC. 2 TO CLARIFY THAT ELECTION OF BOARD OFFICERS MAY OCCUR AT A MEETING SPECIALLY CALLED FOR THAT PURPOSE. AT THE ANNUAL MEETING OF PEC MEMBERS ON JUNE 23, 2012, A MAJORITY OF THOSE PEC MEMBERS VOTING (80 PERCENT) APPROVED AMENDMENTS TO THE PEC ARTICLES OF INCORPORATION, IN COMPLIANCE WITH STATE LAW. THE AMENDMENTS ELIMINATED A REQUIREMENT TO SET ASIDE FINANCIAL RESERVES SUFFICIENT TO PAY ANY INTEREST AND PRINCIPAL DUE DURING THE COMING UP YEARS. THE CHANGES WERE RECOMMENDED BY MANAGEMENT AND THE BOARD BECAUSE THE REQUIRED RESERVES DUPLICATE A SEPARATE LEGAL REQUIREMENT. ELIMINATING THE RESERVE COULD FREE UP CASH AND REDUCE BORROWING REQUIREMENTS AND RATES CHARGED TO MEMBERS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ENVISION UTILITY SOFTWARE CORP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 MASTHEAD NE SUITE 160 | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850388107 | EIN |
| Primary Activity | INACTIVE | PrimaryActivity |
| Legal Domicile State | NM | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C CORPORATION | TypeOfEntity |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |