2013-10-29T06:29:20-05:00 2012-12-31 232932984 PARENTEBEARD LLC 2609 KEISER BOULEVARD WYOMISSING PA 196103338 990 2012-01-01 240548304 CLAVERACK RURAL ELECTRIC COOPERATIVE CLAV 5702652167 32750 ROUTE 6 WYSOX PA 18854 BOBBI J KILMER 5702652167 2013-10-23 1 CHARLES A BEZLER P00193859 6109274910 2012 2016-02-25 16:41:14Z BOBBI J KILMER 32750 ROUTE 6 WYSOX PA 18854 29350986 0 X WWW.CLAVERACK.COM X 1936 PA PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA 9 9 0 0 0 0 0 0 0 0 64218 63734 14940606 15204787 15004824 15268521 0 0 362150 441480 509999 681789 0 0 0 12152784 11368898 13024933 12492167 1979891 2776354 68807104 70800848 41360618 39735383 27446486 31065465 PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA 0 0 PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 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 98 0 1 0 0 0 0 0 0 0 0 0 0 0 0 27540154 791549 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SHELLEY YOUNG 5702652167 32750 ROUTE 6 WYSOX PA 18854 THOMAS J ELLIOTT 6.00 X 13350 0 0 STEVEN T SLIWINSKI 5.50 X 19400 0 0 JAMES E LUCE 6.00 X 19400 0 0 MICHAEL J COLEMAN 4.30 X 17200 0 0 CHARLES R BULLOCK 5.80 X 19000 0 0 ROBERT R FAUX 6.00 X 18600 0 0 CHARLES R MCNAMARA 6.30 X 19600 0 0 ANGELA S JOINES 4.30 X 6965 0 0 BOBBI J KILMER 50.00 X 0 162000 74384 SHELLEY R YOUNG 45.00 X 0 77034 47498 STEVEN ALLABAUGH 45.00 X 0 101664 60926 JAMES W ZICK 6.00 X 7601 0 0 KEVIN B BARRETT 6.50 X 17167 0 0 158283 340698 182808 0 1 1 1 ALLEGHENY ELECTRIC COOPERATIVE PO BOX 1266 HARRISBURG PA 17108 WHOLESALE ELECTRICITY 13800500 C&T ENTERPRISES INC 33 AUSTIN STREET WELLSBORO PA 16901 LABOR AND MANAGEMENT SERVICES 5582206 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOWGROVE PA 19090 TREE CUTTING SERVICES 1056476 DAVEY TREE EXPERT CO PO BOX 709 KENT OH 44240 TREE CUTTING SERVICES 417036 MK TREE TRIMMERS INC 42 COOLBAUGH ROAD SUITE 1 WYSOX PA 18854 TREE CUTTING SERVICES 201313 5 63734 63734 7180 7180 27540154 14082465 13457689 13457689 G&T & OTHER CAP CREDIT 212000 1019283 1019283 EQUITY INCOME AFFILIATE 212000 709116 709116 OTHER NON-OPERATING 212000 11519 11519 1739918 15268521 15186088 0 82433 X 441480 681789 10264 20527 1490981 50199 401152 197580 69366 218570 117044 1584893 4185139 2599061 14327 MEMBERSHIP DUES/PUBLICA 258966 150829 12492167 1122722 868073 3106487 2800982 3815046 4243019 666856 719658 537094 538139 86549260 38456690 47353095 48092570 28499 30107 12177305 13508300 68807104 70800848 3553986 3815160 31035983 29768450 6770649 6151773 41360618 39735383 X 164045 160225 0 0 27282441 30905240 27446486 31065465 68807104 70800848 X 2776354 842625 X 0 1 X 1 0 86549260 38456690 48092570 48092570 6650272 C PATRONAGE CAPITAL IN ASSOC. COOPERATIVES 5486994 C CAPITAL CERTIFICATE ISSUED BY NRUCCFC 1262910 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 108124 C 13508300 ACCUMULATED POST RETIREMENT BENEFITS 6052277 DEFERRED INSTALLATION CHARGES CONTRA ACCOUNT 99496 6151773 29350986 14082465 14082465 15268521 0 15268521 27016112 14082465 14082465 12933647 -441480 -441480 12492167 PART XI, LINE 2D - OTHER ADJUSTMENTS: PURCHASED POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASED POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT TO CAPITAL CREDIT PART XII, LINE 2D: PURCHASED POWER $14,082,465 PART XII, LINE 4B: CLAVERACK RETIRED $441,480 OF CAPITAL CREDITS TO ITS MEMBERS IN 2012. THIS AMOUNT IS INCLUDED IN BENEFITS PAID TO OR FOR MEMBERS AS INDICATED ON SCHEDULE O. X X X X 0 0 0 THOMAS J ELLIOTT 13350 11250 0 0 0 0 0 0 0 0 13350 11250 0 0 JAMES E LUCE 19400 11250 0 0 0 0 0 0 0 0 19400 11250 0 0 MICHAEL J COLEMAN 17200 11250 0 0 0 0 0 0 0 0 17200 11250 0 0 CHARLES R BULLOCK 19000 10500 0 0 0 0 0 0 0 0 19000 10500 0 0 BOBBI J KILMER 0 162000 0 0 0 0 0 0 0 74384 0 236384 0 0 SHELLEY R YOUNG 0 77034 0 0 0 0 0 0 0 47498 0 124532 0 0 STEVEN ALLABAUGH 0 101664 0 0 0 0 0 0 0 60926 0 162590 0 0 JAMES W ZICK 7601 0 0 0 0 0 0 0 0 0 7601 0 0 0 KEVIN B BARRETT 17167 0 0 0 0 0 0 0 0 0 17167 0 0 0 SUPPLEMENTAL INFORMATION PART III FORM 990, PART VII, LINE 3A KEVIN B. BARRETT AND JAMES W. ZICK ARE LISTED AS FORMER DIRECTORS. THEY WERE BOTH SERVING AS ACTIVE DIRECTORS IN 2012 UNTIL THEIR DEATHS IN THE SAME YEAR. BOBBI KILMER CEO 162000 PAYROLL BENEFITS AND RELATED MANAGEMENT SERVICES 0 BOBBI KILMER CEO 526297 PURCHASE OF MATERIALS AND SUPPLIES FROM UNITED UTILITY SUPPLY COOPERATIVE CORPORATION OF WHICH BOBBI KILMER IS A DIRECTOR 0 MICHAEL COLEMAN DIRECTOR 14082465 PURCHASE OF WHOLESALE ELECTRICITY FROM ALLEGHENY ELECTRIC COOPERATIVE OF WHICH MICHEL COLEMAN IS A DIRECTOR 0 KEVIN BARRETT DIRECTOR 120874 PURCHASE OF INSURANCE FROM FEDERATED RURAL ELECTRIC OF WHICH KEVIN BARRETT IS A DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 3 CLAVERACK RURAL ELECTRIC COOPERATIVE IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY CLAVERACK AND TRI-COUNTY ELECTRIC COOPERATIVE, INC. CLAVERACK AND TRI-COUNTY EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO CLAVERACK AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE CLAVERACK PRESIDENT & CEO. FORM 990, PART VI, SECTION A, LINE 6 CLAVERACK RURAL ELECTRIC COOPERATIVE IS OWNED BY THOSE WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS ASSETS ONLY WHEN AUTHORIZED BY THE AFFIRMATIVE VOTE OF TWO THIRDS OF THE ENTIRE MEMBERSHIP OF THE COOPERATIVE. ALSO, THE BYLAWS OUTLINE THE PROCESS BY WHICH MEMBERS COULD PETITION FOR THE REMOVAL OF A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT OF THE FORM 990 IS REVIEWED WITH THE AUDIT, RATE & BUDGET COMMITTEE. THE FORM 990 IS THEN DISTRIBUTED AND REVIEWED AT THE MEETING OF BOARD OF DIRECTORS. THE BOARD, UPON THEIR SATISFACTION WITH THE FORM, WILL TAKE ACTION, AUTHORIZING THE CEO TO SIGN AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND COMPLIANCE ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS NEGOTIATED AFTER A REVIEW OF COMPARABLE POSITIONS ON A NATIONAL, REGIONAL AND LOCAL LEVEL. VARIOUS SURVEY DATA IS USED TO INCLUDE A NATIONAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THE SALARY IS THEN INCLUDED AS A CONTRACTUAL ITEM IN THE CEO'S EMPLOYMENT CONTRACT. THE CONTRACT IS A THREE WAY AGREEMENT BETWEEN THE CEO, THE ORGANIZATION AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH CLAVERACK OWNS 50%. C&T PROVIDES MANAGEMENT SERVICES TO INCLUDE PAYROLL AND BENEFIT ADMINISTRATION FOR ALL EMPLOYEES INCLUDING THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G CONSULTING: TOTAL EXPENSES 31,606. AFTER HOURS CALL CENTER: TOTAL EXPENSES 134,182. LINE INSPECTION: TOTAL EXPENSES 62,924. ROW/TREE TRIMMING/HERVICIDE SPRAYING: TOTAL EXPENSES 1,262,269. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME (LOSS) 846,445. MEMBERSHIP FUNDS -3,820. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: PLEASE NOTE THAT $2,426,285 WAS ALLOCATED TO CLAVERACK MEMBERS IN 2012. THIS AMOUNT CONSISTED OF OPERATING MARGINS TOTALING $1,407,002 AND OTHER CAPITAL CREDITS TOTALING $1,019,283. CLAVERACK ALSO RETIRED $441,480 OF CAPITAL CREDITS TO ITS MEMBERS IN 2012. THIS AMOUNT OF $441,480 IS STATED IN PART I, LINE 14.