MERIWETHER LEWIS ELECTRIC COOPERATIVE: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MERIWETHER LEWIS ELECTRIC COOPERATIVE (EIN 62-0292655)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-11-05
IRS object ID: 201313099349300211
Schema version: 2012v2.3
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
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-05T07:31:38-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WINNETT ASSOCIATES PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 745	AddressLine1
City	SHELBYVILLE	City
State	TN	State
ZIP Code	371620745	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	620292655	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MERIWETHER LEWIS ELECTRIC COOPERATI	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MERI	NameControl
Phone	9317293558	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 240	AddressLine1
City	CENTERVILLE	City
State	TN	State
ZIP Code	37033	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HAROLD G WOMBLE	Name
Title	PRESIDENT AND CEO	Title
Phone	9317293558	Phone
Date Signed	2013-10-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	PATRICK R LILE	Name
Phone	9316847142	Phone
Date Prepared	2013-10-29	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	HAROLD G WOMBLE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 240	AddressLine1
City	CENTERVILLE	City
State	TN	State
ZIP Code	37033	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	81270119	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.MLEC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1939	YearFormation
State Legal Domicile	TN	StateLegalDomicile
Activity Or Mission Description	NONE	ActivityOrMissionDescription
Nbr Voting Members Governing Body	13	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	12	NbrIndependentVotingMembers
Total Nbr Employees	89	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	78419709	ProgramServiceRevenuePriorYear
Program Service Revenue CY	80788571	ProgramServiceRevenueCY
Investment Income Prior Year	158097	InvestmentIncomePriorYear
Investment Income Current Year	411223	InvestmentIncomeCurrentYear
Other Revenue Prior Year	59063	OtherRevenuePriorYear
Other Revenue Current Year	70325	OtherRevenueCurrentYear
Total Revenue Prior Year	78636869	TotalRevenuePriorYear
Total Revenue Current Year	81270119	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1314732	SalariesEtcPriorYear
Salaries Etc Current Year	1435425	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	75531664	OtherExpensePriorYear
Other Expenses Current Year	78320023	OtherExpensesCurrentYear
Total Expenses Prior Year	76846396	TotalExpensesPriorYear
Total Expenses Current Year	79755448	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1790473	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1514671	RevenuesLessExpensesCY
Total Assets BOY	104604750	TotalAssetsBOY
Total Assets EOY	109753794	TotalAssetsEOY
Total Liabilities BOY	67360503	TotalLiabilitiesBOY
Total Liabilities EOY	70521991	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	37244247	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	39231803	NetAssetsOrFundBalancesEOY
Mission Description	NONE	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	RURAL ELECTRICITY DISTRIBUTION TO 33,665 MEMBERS LOCATED IN HICKMAN,HOUSTON, HUMPHREYS, LEWIS AND PERRY COUNTIES IN MIDDLE TENNESSEE.	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	false	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	true	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	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	46	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	89	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
Gross Income From Members	79603822	GrossIncomeFromMembers
Gross Income Other Sources	481548	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	13	NbrVotingGoverningBodyMembers
Number Independent Voting Members	12	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	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RANDY JAMES VP-ADM SVCS & CFO	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9317293558	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1625 HIGHWAY 100	AddressLine1
City	CENTERVILLE	City
State	TN	State
ZIP Code	37033	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (22 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
LOUIS ANDERSON DVM
BOARD VICE C	2.80	X	46795	0	2832
JEFFREY D PEERY DDS
DIRECTOR	2.76	X	25294	0	0
GENE W DEPRIEST
DIRECTOR	3.44	X	25134	0	0
CASS RYE
DIRECTOR	1.50	X	22995	0	0
BILL WEBB
DIRECTOR	3.19	X	21695	0	3131
ZACHARY HUTCHENS
DIRECTOR	3.09	X	21694	0	2870
KEITH CARNAHAN
DIRECTOR	2.20	X	21694	0	3547
RAYMOND H FUSSELL
BOARD CHAIRM	2.71	X	21677	0	2679
TOMMY GRAHAM
DIRECTOR	2.31	X	21661	0	3269
LARRY D MAYBERRY
DIRECTOR	1.80	X	19528	0	969
L REED DREADEN
DIRECTOR	1.87	X	15655	0	3639
DAVID WAYNE QUALLS
DIRECTOR	0.93	X	14892	0	0
JOHNNIE RUTH ELROD
BOARD VICE C	7.20	X	13350	0	0
ANDREW PORCH
DIRECTOR	4.04	X	4497	0	0
HAROLD G WOMBLE
PRESIDENT AN	50.00		224878	0	80174	X
GRADY R JAMES
TREASURER AN	45.00		113691	0	52676	X
KEN LITTLE
VP OF ENGINE	50.00		109901	0	43645	X
LARRY STRINGER
VP OF SUPPOR	40.00		106281	0	42839	X
EDWARD W GREENWELL
VP OF OPERAT	52.00		102047	0	34747	X
MIRANDA MCCALEB
VP OF EMPLOY	45.00		101315	0	48767	X
PAMELA G BLACKWELL
CORPORATE SE	43.00		59124	0	31235	X
JOHN L WILLIAMS
GENERAL COUN	10.00		21632	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1135430	TotalReportableCompFromOrg
Total Other Compensation	357019	TotalOtherCompensation
Number Individuals GT100 K	6	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
DAVIS ELLIOTT CO INC
PO BOX 37251	BALTIMORE	MD	212973251	CONTRACT LINE C	1237887
TREES INC
708 BLAIR MILL ROAD	ATLANTA	GA	30353	CONTRACT RIGHT	1106649
PATTERSON & DEWAR ENGINEERING SERVIC
PO BOX 2808	NORCROSS	GA	30091	CONSULTING/DRAF	304009
ASPLUNDH TREE EXPERT
PO BOX 532729	ATLANTA	GA	30353	RIGHT OF WAY MA	249284
SOUTHEAST WOODLAND SERVICES
431 CAINES LANDING ROAD	CONWAY	SC	29526	POLE INSPECTION	114054

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
ELECTRIC REVENUE	221000	79603822	79603822
POLE RENTALS	531190	1184749		$1,184,749

Field	Value	IRS element (for citing)
Total Program Service Revenue	80788571	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	411223	TotalRevenueColumn
Exclusion	$411,223	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	PATRONAGE DIVIDENDS	Description
Business Code	900099	BusinessCode
Total Revenue Column	70325	TotalRevenueColumn
Related Or Exempt Function Income	70325	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	70325	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	81270119	TotalRevenueColumn
Related Or Exempt Function Income	79674147	RelatedOrExemptFunctionIncome
Exclusion	$1,595,972	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1435425	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	43419	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	13950	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	61410	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	79520	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	57218	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	399968	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	41921	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	2655722	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	4372583	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	91697	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER PURCHASED	57720771
DISTRIBUTION EXPENSE - MA	4272436
DISTRIBUTION EXPENSE - OP	3808206
CUSTOMER ACCOUNTS EXPENSE	2182934

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2518268	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	79755448	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	767680	BOY
EOY	209841	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	2869591	BOY
EOY	6287007	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	5191127	BOY
EOY	5113612	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	244917	BOY
EOY	108667	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	316382	BOY
EOY	401799	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	140550728	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	49362233	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	88680404	BOY
EOY	91188495	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	1112310	BOY
EOY	1110855	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5422339	BOY
EOY	5333518	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	104604750	BOY
EOY	109753794	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	12300804	BOY
EOY	11445105	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	32681209	BOY
EOY	35941696	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	22378490	BOY
EOY	23135190	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	67360503	BOY
EOY	70521991	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	134005	BOY
EOY	134190	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	37110242	BOY
EOY	39097613	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	37244247	BOY
EOY	39231803	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	104604750	BOY
EOY	109753794	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1514671	ReconcilationRevenueExpenses
Reconcilation Other Changes	472885	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	false	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1006821	OtherCostOrOtherBasis
Book Value	1006821	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6890181	OtherCostOrOtherBasis
Depreciation	1691995	Depreciation
Book Value	5198186	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	22908999	OtherCostOrOtherBasis
Depreciation	7387774	Depreciation
Book Value	15521225	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	109744727	OtherCostOrOtherBasis
Depreciation	40282464	Depreciation
Book Value	69462263	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	91188495	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
POST RET. BEN. OTHER THAN PENSIONS	$17,345,175
CUSTOMER DEPOSITS	$3,196,976
CONSERVATION ADVANCES - TVA	$2,395,047
TRUSTEES DEFERRED COMPENSATION	$197,992

Field	Value	IRS element (for citing)
Total Of Amounts	23135190	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	81270119	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	81270119	RevenueSubtotal
Total Revenue Per Form990	81270119	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	79755448	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	79755448	ExpensesSubtotal
Total Expenses Per Form990	79755448	TotalExpensesPerForm990

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	false	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg
HAROLD G WOMBLE
PRESIDENT AND CEO	191763	33115	57008	23166	305052
GRADY R JAMES
TREASURER AND CFO	99839	13852	30254	22422	166367
KEN LITTLE
VP OF ENGINEERING	91267	8634	21165	22480	153546	10000
MIRANDA MCCALEB
VP OF EMPLOYEEMEMBE	97393	3922	26289	22478	150082

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	DEBBIE QUALLS	NamePerson

Field	Value	IRS element (for citing)
Relationship	F/M OF DIRECTOR	Relationship
Amount Of Transaction	39304	AmountOfTransaction
Description Of Transaction	PAID EMPLOYEE	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	ADDITIONAL INFORMATION	Identifier
Return Reference	SCHEDULE L PART V	ReturnReference
Explanation	SCHEDULE L PART IV B FAMILY MEMBER OF DIRECTOR WAYNE QUALLS C PAID EMPLOYEE COMPENSATION	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS (THE GOVERNING BODY OF MLEC).
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS ARE ASSIGNED TO DISTRICT'S BASED ON THE LOCATION OF THEIR SERVICE. EACH DISTRICT'S MEMBERS ELECT REPRESENTATIVES TO SERVE ON THE BOARD OF DIRECTORS. DIRECTORS SERVE FOUR YEAR TERMS.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	CHANGES TO THE BY-LAWS AS WELL AS ANY SALE OR TERMINATION OF THE COOPERATIVE WOULD HAVE TO BE APPROVED BY THE MEMBERS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	IRS FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ITS SUBMITTAL TO THE IRS. THE FORM IS ALSO REVIEWED BY THE CEO AND CFO.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	DETERMINATION OF THE CEO'S COMPENSATION IS CONDUCTED ANNUALLY BY THE BOARD AND INCLUDES COMPARABILITY DATA. THE PROCESS IS DELIBERATIVE AND THE RESULTS ( AND EFFECTIVE DATE) ARE DOCUMENTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	ALL MEMBERS ARE FURNISHED A COPY OF THE "BY-LAWS AND RULES AND REGULATIONS" UPON APPLICATION FOR MEMBERSHIP, OR UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE FURNISHED AS A SUMMARY IN THE ANNUAL REPORT (WITH NARRATIVE) IN THE TENNESSEE MAGAZINE. ADDITIONAL DETAIL IS FURNISHED UPON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	AMORTIZATION OF ACTURIAL LOSS-POST RETIREMENT BEN. 472,700 NET CHANGE IN MEMBERSHIPS 185 THE AMORTIZATION OF ACTUARIAL LOSS INCREASES OTHER COMPREHENSIVE INCOME WHILE THE NET CHANGE IN MEMBERSHIPS IS A DIRECT CHARGE TO NET ASSETS.