2013-07-11T10:03:04-05:00 2012-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2012-01-01 250865701 WARREN ELECTRIC COOPERATIVE INC WARR 8145637548 320 EAST MAIN STREET YOUNGSVILLE PA 16371 GARY FRANKLIN 8145637548 2013-07-11 1 DAVID V DITANNA CPA P01368498 7166645104 2013-04-02 2012 2016-02-24 21:20:13Z GARY FRANKLIN 320 EAST MAIN STREET YOUNGSVILLE PA 16371 8821009 0 X WWW.WARRENEC.COOP X 1940 PA DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS IN RURAL AREAS OF NORTHWESTERN PA 9 9 23 0 0 0 0 0 0 0 21824 18828 4778389 5039509 4800213 5058337 0 0 368617 640255 155966 163482 0 0 0 4059483 4159997 4584066 4963734 216147 94603 17689081 17885789 2580908 2312464 15108173 15573325 X DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS IN RURAL AREAS OF NORTHWESTERN PENNSYLVANIA. 0 0 DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS LOCATED IN RURAL AREAS OF NORTHWESTERN PENNSYLVANIA DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS LOCATED IN RURAL AREAS OF NORTHWESTERN PENNSYLVANIA 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 16 0 1 23 1 0 0 0 0 0 0 0 0 0 8726406 94603 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TODD MCCLAIN 8145637548 320 EAST MAIN STREET YOUNGSVILLE PA 16371 DAVID TURNER 5.00 X X 2075 0 0 EDGAR BURRIS 5.00 X 1575 0 0 GERALD BENSINK 5.00 X X 2850 0 0 JAMES L MARSHALL 5.00 X X 3475 0 0 DONALD JOHNSON 5.00 X 1725 0 0 JAMES GOODRICH 5.00 X 4438 0 0 ROBERT AUGUST 5.00 X 4175 0 0 TIMOTHY LUDWICK 5.00 X 1900 0 0 JEFFEREY SEDON 5.00 X X 2600 0 0 GARY FRANKLIN 50.00 X 138669 0 48337 163482 0 48337 1 0 1 0 LEWIS TREE SERVICE 300 LUCIUS GORDON DRIVE WEST HENRIETTA NY 14586 RIGHT OF WAY CLEARING 389662 1 18828 18828 8726406 3762672 4963734 4963734 PAT CAP TO ASSOC ORGS 221000 75367 75367 MISC 221000 408 408 75775 5058337 4963734 0 94603 640255 163482 16155 717244 DISTRIBUTION MAINTENANC 1761957 ADMINISTRATION AND GEN 619506 DISTRIBUTION OPERATIONS 523599 CONSUMER ACCOUNTS 520756 780 4963734 90771 12405 2257959 2316475 1239276 955423 381413 362019 363119 333980 22901892 11130883 11481413 11771009 1875130 2134478 17689081 17885789 1403812 1516320 323856 256549 853240 539595 2580908 2312464 X 0 0 1446661 1548268 13661512 14025057 15108173 15573325 17689081 17885789 X 94603 370550 X 0 1 X 1 0 22870174 11130883 11739291 31718 31718 11771009 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 1834478 C EMERGENCY REPLACEMENT FUND 300000 C 2134478 CUSTOMER PREPAYMENTS 226466 REGULATORY LIABILITY - REVENUE DEFERRAL 313129 539595 8821009 3762672 3762672 5058337 0 5058337 8086151 3762672 3762672 4323479 640255 640255 4963734 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: MARGINS TO BE ALLOCATED TO MEMBERS PART XI, LINE 2D - COST OF POWER PART XII, LINE 2D - COST OF POWER PART XII, LINE 4B ADJUSTMENTS - 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 ACTIVITIES 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. THE COOPERATIVE'S BYLAWS ALLOW FOR THE ACCUMULATION OF NON-OPERATING MARGINS AS OTHER EQUITY. MARGINS $734,858 NON-OPERATING MARGINS (94,603) TOTAL - SCHEDULE D, PART XII, LINE 4B $640,255 PART X, LINE 2 - 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 0 0 0 GARY FRANKLIN 124079 0 0 0 14590 0 36736 0 11601 0 187006 0 0 0 DAVID TURNER BOARD OF DIRECTOR 3762672 DIRECTOR IS ALSO A DIRECTOR OF ALLEGHENY ELECTRIC COOPERATIVE, WHICH IS THE WHOLESALE POWER SUPPLIER TO WARREN 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 ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED AND REVIEWED. 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 EACH DEPARTMENT DIRECTORS' SALARY BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART VI, SECTION C, LINE 19 COPIES OF DOCUMENTS AVAILABLE AT MAIN OFFICE CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN OTHER EQUITIES 7,005. RETIREMENT OF CAPITAL CREDITS -276,710. CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS 640,255. WEC TECHNOLOGIES INC 302 EAST MAIN STREET YOUNGSVILLE PA 16371 251858092 ELECTRONIC TECHNOLOGIES PA WARREN ELECTRIC COOP C -66 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0