2013-08-05T16:26:53-05:00 2012-12-31 371014232 BENNETT & MIDDENDORF LTD 901 YORK ST PO BOX 807 QUINCY IL 623060807 990 2012-01-01 630462077 COVINGTON ELECTRIC COOPERATIVE INC COVI 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 CHARLES E SHORT 3342224121 2013-08-02 ROY E RIDDLE P01425150 2172221142 2013-08-02 2012 2016-02-24 21:20:13Z CHARLES E SHORT 18836 US HWY 84 ANDALUSIA AL 36421 54834661 0 X WWW.COV-ELECT.COM X 1944 AL THE COOPERATIVE OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. 6 6 97 0 0 0 0 0 53339728 52730972 1993025 2098848 405 4841 55333158 54834661 0 0 4368121 5724815 5036818 5243415 0 0 0 44571525 43082887 53976464 54051117 1356694 783544 127402719 133203323 80599319 81125681 46803400 52077642 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 1 1 0 1 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 23 0 1 97 1 0 0 0 0 0 0 0 52188180 2646481 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 8.00 X X 26256 0 0 JAMES F MARTIN JR 5.00 X X 24906 0 0 GARY H HARRIS 6.00 X 24906 0 0 C HEFLIN SMITH 5.00 X X 24556 0 0 WILLIAM G KING JR 3.00 X 3589 0 0 PATRICIA CHILDS JANASKY 5.00 X 25131 0 0 CHARLES E SHORT 50.00 2.70 X 234594 40051 12847 MARK G PARKER 55.00 X 135894 0 96912 ALAN J THRASH 60.00 X 146865 0 12457 KIMBERLY M CARTER 45.00 X 112326 0 63618 BERT L CHAMPION 54.00 X 108542 0 46392 KEN NICHOLS 4.00 X 18173 0 0 885738 40051 232226 5 1 1 0 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 678279 UNITED UTILITY SUPPLY COOP PO BOX 32170 LOUISVILLE KY 40232 MATERIAL & SUPPLIES 632479 POWERSOUTH ENERGY COOPERATIVE PO BOX 550 ANDALUSIA AL 36420 VARIOUS 617438 MAYER ELECTRIC SUPPLY PO BOX 2048 DOTHAN AL 36302 MATERIAL & SUPPLIES 536229 HARPER ELECTRIC PO BOX 698 ANDALUSIA AL 36420 LINE CONSTRUCTION & MAINTENACE 293886 5 SALES OF ELECTRICITY 221000 51411347 51411347 OTHER SALES TO MEMBERS 221000 776833 776833 POLE RENTALS 221000 542792 542792 52730972 2098848 2098848 OTHER NON-OPERATING REVENUE 221000 4841 4841 4841 54834661 52193021 0 2641640 5724815 885738 4357677 96792 21960 49425 2298905 3375461 3529804 COST OF POWER 29631383 DISTRIBUTION & MAINTENA 5038704 CUSTOMER ACCOUNTING, SE 3206150 OTHER MISCELLANEOUS GEN 1077718 -5243415 54051117 5160709 5823110 7764873 8271915 1727834 1255333 980752 1127894 963506 916494 2759103 4076770 117003172 25125453 89631195 91877719 18414747 19854088 127402719 133203323 5061710 5065038 68076896 68044507 7460713 8016136 80599319 81125681 X 0 0 0 0 46803400 52077642 46803400 52077642 127402719 133203323 X 783544 4490698 X 0 0 0 225009 225009 4712997 1612781 3100216 7910668 6352751 1557917 104154498 17159921 86994577 91877719 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 18990193 C CAPITAL TERM CERTIFICATES - NRUCFC 851895 C OTHER INVESTMENT 12000 C 19854088 ACCUMULATED PROVISION FOR POST-RETIREMENT BENEFITS 3509466 CUSTOMER DEPOSITS 1666316 DEFERRED CREDIT - ECONOMIC DEVELOPMENT 2753852 CONSTRUCTION DEPOSITS 86502 8016136 54834661 0 54834661 0 54834661 48326302 0 48326302 5724815 5724815 54051117 PART XII, LINE 4B - OTHER ADJUSTMENTS: 2011 MARGINS ALLOCATED TO MEMBERS REQUIRED TO BE REPORTED IN PART IX X X X 0 0 0 CHARLES E SHORT 180000 0 41193 0 13401 40051 1800 0 11047 0 247441 40051 0 0 MARK G PARKER 118414 0 12874 0 4606 0 85914 0 10998 0 232806 0 0 0 ALAN J THRASH 127860 0 12338 0 6667 0 1279 0 11178 0 159322 0 0 0 KIMBERLY M CARTER 98488 0 9353 0 4485 0 57846 0 5772 0 175944 0 0 0 BERT L CHAMPION 99736 0 6334 0 2472 0 35762 0 10630 0 154934 0 0 0 KEN NICHOLS 0 0 0 0 18173 0 0 0 0 0 18173 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RETIREMENTS OF CAPITAL CREDITS -1,375,219. GAINS ON CAPITAL CREDITS RETIRED AND CHANGES IN OTHER EQUITIES 141,102. PATRONAGE ALLOCATED TO MEMBERS REPORTED IN PART XI, LINE 4 5,724,815. 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