2013-05-15T08:12:49-05:00 2012-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2012-01-01 230394875 BEDFORD RURAL ELECTRIC COOPERATIVE INC BEDF 8146235101 PO BOX 335 BEDFORD PA 155220335 BRENT KAUFFMAN 8146235101 2013-05-15 1 DAVID V DITANNA CPA P01368498 7166645104 2012 2016-02-24 21:20:13Z BROOKS SHOEMAKER PO BOX 335 BEDFORD PA 155220335 17122036 0 X WWW.BEDFORDREC.COM X 1939 PA DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS 9 9 29 0 0 0 0 0 0 0 157614 141757 6906887 5843346 7064501 5985103 0 0 1726238 569661 184701 189930 0 0 0 5153562 5225512 7064501 5985103 0 0 39916805 40359552 16371927 17082873 23544878 23276679 X DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS. 0 0 5985103 5985103 DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS DISTRIBUTION OF ELECTRICITY TO MEMBER/OWNERS IN RURAL BEDFORD, PA ON A COOPERATIVE BASIS 5985103 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 29 1 0 0 0 0 0 0 0 0 0 16598894 523142 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X BRENT KAUFFMAN 8146235101 8846 LINCOLN HIGHWAY BEDFORD PA 15522 WILLIAM HOWARD ATKINSON 5.00 X 2600 0 0 EARL GARLAND 5.00 X 3075 0 0 WAYNE HILLEGASS 5.00 X 3193 0 0 DONALD HOENSTINE 5.00 X X 2800 0 0 JOHN KOONTZ 5.00 X 1400 0 0 REUBEN LAFFERTY 5.00 X X 3193 0 0 NED MCDONALD 5.00 X 3077 0 0 OWEN MILLER 5.00 X X 2100 0 0 ROBERT KOONTZ 5.00 X X 2700 0 0 BROOKS SHOEMAKER 40.00 X 100041 0 53810 BRENT KAUFFMAN 40.00 X 65751 0 37303 189930 0 91113 1 0 1 0 B&L TREE SERVICE 924 SIDES ROAD MANNS CHOICE PA 15550 TREE TRIMMING 813826 1 141757 141757 16649228 11136933 5512295 5512295 PAT CAP OF ASSOC. ORGS 221000 331051 331051 331051 5985103 5512295 0 472808 569661 189930 522322 1187498 DISTRIBUTION MAINTENANC 1259421 DISTRIBUTION OPERATIONS 793303 ADMINISTRATION AND GENE 791110 CONSUMER ACCOUNTS 452219 219639 5985103 373717 176696 43392 43392 1772584 2542969 608877 588984 68420 85960 40421510 8323112 32374335 32098398 4675480 4823153 39916805 40359552 1496629 2122094 13380529 13794605 1494769 1166174 16371927 17082873 X 0 0 239046 241642 23305832 23035037 23544878 23276679 39916805 40359552 X 0 -268199 X X 0 1 X 1 0 65273 65273 889266 647380 241886 39222757 7675732 31547025 244214 244214 32098398 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 4823153 C 4823153 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 579052 MISC OPERATING RESERVES 258707 DEFERRED CREDITS 328415 1166174 17122036 11136933 11136933 5985103 0 5985103 16552375 11136933 11136933 5415442 569661 569661 5985103 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: CURRENT YEAR MARGINS ALLOCATED TO MEMBERS PART XII, LINE 2D - COST OF POWER PART XIII, LINE 2D - COST OF POWER PART XIII, LINE 4B - THE IRS REQUIRES THE ALLOCATION OF CURRENT YEAR MARGINS TO BE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ALLOCATIONS OF CAPITAL CREDITS ARE NOT SHOWN AS EXPENSES ON THE COOPERATIVE'S STATEMENT OF ACTIVTIES BUT RATHER ARE ALLOCATED TO MEMBERS THROUGH EQUITY. THEREFORE, THE RECONCILIATION ABOVE IS NECESSARY TO SHOW THE DIFFERENCES BETWEEN THE IRS FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. PART X, LINE 1 - THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2009 AND LATER YEARS. X X 0 0 0 BROOKS SHOEMAKER 100041 0 0 0 0 0 42220 0 11590 0 153851 0 0 0 ROBERT KOONTZ BOARD OF DIRECTOR 11832784 DIRECTOR IS ALSO A DIRECTOR OF ALLEGHENY ELECTRIC COOPERATIVE, WHICH IS THE WHOLESALE POWER SUPPLIER TO BEDFORD RURAL ELECTRIC COOPERATIVE. 0 OWEN MILLER BOARD OF DIRECTOR 164932 DIRECTOR IS ALSO A DIRECTOR OF PREA, WHICH IS A STATEWIDE TRADE ORGANIZATION TO BEDFORD RURAL ELECTRIC COOPERATIVE. 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERS OF RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - FORM 990 PROVIDED TO BOARD MEMBERS VIA ELECTRONIC OR PAPER FORMAT BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND SIGNED ANNUALLY. THE FORMS ARE RETAINED AT THE COOPERATIVE WITH A SUMMARY OF CONFLICTS PROVIDED TO THE BOARD AND MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE CONSULTANT FROM NRECA PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN OTHER EQUITIES 2,596. CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS 569,661. RETIREMENT OF CAPITAL CREDITS -840,456. PART I, LINE 14, PRIOR YEAR BENEFITS PAID TO MEMBERS WAS MODIFIED FROM THAT REPORTED IN PRIOR YEAR TO REFLECT 2011 MARGINS TO BE ALLOCATED TO MEMBERS OF $1,726,238 RATHER THAN AMOUNTS PAID TO MEMBERS OF $820,775.